Financial development plays an important role in the structure of the trade balance and promoting economic development. Trade literature suggests that differences in economies’ endowments of labour, land, physical capital and technology explain the dynamics and patterns of international trade...

The paper is an attempt to analyze the behavior of money demand function in India using annual data for the period 1953-2008. Gregory and Hansen (1996) cointegration results show the presence of cointegration between demand for money, real GDP and nominal interest rate with structural break in...

Researchers have found that valuation measures have some power to forecast long-horizon (say 10-year) stock market returns. There is no unique valuation measure known to be perfect, and the most common choices have their pros and cons. Even then, for many years, researchers and practitioners...