This paper used an economic model of systemic risk given by Acharya (2016) to measure the state of systemic risk in Indian financial market during COVID-19 Pandemic. It is based on marginal expected shortfall (MES), the likelihoods of a financial firm to be undercapitalized when the financial...

This study analyses the impacts of the COVID-19 pandemic on the Indian Stock Exchange in the initial months. Inclusive investigation suggests that the fears of coronavirus effect on the global economy have rocked markets worldwide, with stock prices plunging. The Indian stocks were eventually...

The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....