This paper discusses the link between financial development and macroeconomic volatility by exploring some of the ways through which financial development may affect business cycle fluctuations. To be specific, we examine whether stock market development exerts an unambiguous effect on...

A Ricardian-type set-up is used to explore the linkage between financial development and the business cycle. Though financial advancement may be good for growth due to making possible a higher degree of division of labor, it may, for the same reason, be bad for the business cycle. Building on...

This research considers the strategies on the initial public offering of company equity at the stock exchanges in the imperfect highly volatile global capital markets with the nonlinearities. We provide the IPO definition and compare the initial listing requirements on the various markets. We...

Why do countries differ so much in terms of their financial systems? Are banks and equity competing or complementary sources of financing for firms? To address these questions, I study various determinants of capital market development and whether these determinants favor one form of capital...

We compute the Fama-French three- and five-factor and momentum factor returns for Indian equities between October 2006 and February 2022 using data from Refinitiv Datastream following two breakpoint schemes. We show a high correlation between our factor return estimates and those reported in the...