In this paper, we chiefly address the determinants of off-shore listed prices of Indian and Chinese derivatives, especially when the underlying spot markets are closed for trading. Using microstructure data, we split a trading day of the underlying into three segments – pre-market hours,...

We investigate the evolution of dynamic interactions among five major financial assets in the Indian economy, which its recent demonetization policy tried to influence. Spillovers account for more than 25 percent of the forecast error variance in all the five markets. In terms of total...

Institutional factors that enhance the quality of financial reporting and sharing of credit information can alleviate informational gaps between contracting parties and improve loan contract terms. Using cross-country data on syndicated loans, we find that the cost of debt financing is lower for...