Purpose: The main aim of the study is to identify some critical microeconomic determinants of financial distress and to design a parsimonious distress prediction model for an emerging economy like India. In doing so, the authors also attempt to compare the forecasting accuracy of alternative...

This study empirically examines the relationship between nominal exchange rate and prices as postulated by the Purchasing Power Parity (PPP) hypothesis. We have also estimated a panel error correction model to test for Granger causality in the presence of cointegration among the variables. The...

This study tests for the presence of nonlinear dependence and deterministic chaos in the rate of returns series for six Indian stock market indices. The overall result of our analysis suggests that the returns series do not follow a random walk process. Rather it appears that the daily...