Connectivity is the key building block of convergence and cohesion in any regional integration initiative. Development of connectivity across any region - especially of transportation linkages, energy pipelines, and information and communication technology - contributes to integration by...

The paper studies the dependence pattern between stock market and foreign exchange market of three South Asian countries; namely Bangladesh, India and Sri Lanka by using five copula functions, to reveal asymmetric dependence structure. This paper focuses South Asia because of its promise as...

This paper examines the validity of the efficient market hypothesis on the foreign exchange markets of South Asian Countries during the period 1999 to 2004. The descriptive statistics for exchange rates show frequency distributions are not normal. Though the return series on exchange rates are...