Welcome to our book review site go-pdf.online!
You may have to Search all our reviewed books and magazines, click the sign up button below to create a free account.
Emerging Issues in Finance
Edited Conference Proceedings Volume I
Dynamics of Contagion and Spillover Effects
The present study makes an attempt to investigate the dynamics of contagion and spillover of volatility amongst stock markets of five economies which include three developed nations; US , UK and Japan and two Asian emerging economies viz. India and China The period of study is eleven years; Jan 1, 2009-Dec 31, 2019 and the data is collected for daily closing prices of the indices. The study makes a distinction between contagion and spillover whereby a shock is considered spillover if its impact is seen with a lag of one period only and no more lags after the shock has occurred, while contagion is a residual transmission after accounting for all other transmissions including spillover(Masson,...
Dynamics of the Co-Movement of the Returns of the Sectorial Stock Indices of India, US and European Economies
The present study investigates the inter-relationship between the movement of the sectorial indices of India (NSE), the US (NYSE) and European economies (DAX and CAC). The sectors considered in the study are IT, consumer goods, pharma and finance. The study examines the relation between the same/similar sector across markets and also between different sectors within a market for a period of 10 financial years from April 2006 to March 2016, and the study tries to capture the relation by taking the monthly returns for each variable. The econometric tools used in the study include ADF unit root test, Engle-Granger cointegration test and Vector Error Correction Model (VECM). The results reveal t...
Indian Economic Development and Business
ABOUT THE BOOK The last decade of the 20th century was momentous in the economic history of India as it witnessed a successful transition of India from a controlled, inward looking, and slow growing economy to a liberalised and open economy that has now found a place amongst the fastest growing economies in the world. Responding to the macroeconomic crisis of late 1980s, a programme of liberalisation, privatisation, and globalisation was initiated in July 1991. The purpose of these economic reforms was two-fold: (a) to restore macroeconomic stability on both domestic and external fronts and (b) to place the economy on a higher growth path through enhanced levels of investment, and improvements in productivity, efficiency and competitiveness. The present volume contains scholarly contributions from a cross-section of experts on India?s economic policy and business environment. The wide-ranging topics discussed in the volume provide an insight into the present state of the Indian economy and its future prospects.
Inter-Linkages Between Movement of the Indian Rupee and BSE Sector-Specific (IT) Index
The paper analyses the relation between the movement of Indian rupee and movement of BSE IT sector index over the five-year calendar period (2009-2013) by taking monthly closing returns over the study period. The BSE IT Index is a sector-specific index of BSE and includes leading IT companies from India. The tools used for the purpose of studying this relation include Granger Causality (F Wald) restricted-unrestricted approach test which has been done bilaterally, Dickey-Fuller tests for stationarity of variables, Engle Granger Cointegration and Vector Error Correction Model to establish the long-term relation between the variables and variance decomposition of the error term. The model uses...
Did Brexit Lead to a Structural Break in Stock Returns of Select EU Countries? - A Time Series Econometric Investigation
The present study is an attempt to investigate the impact of an important event 'Britain's exit from the EU, BREXIT, i.e., whether or not this even, whose referendum took place on June 23, 2016 with the result being reported in the early morning of June 24, 2016, resulted in causing any structural break in the stock index movement in the select five EU member countries, namely, UK, France, Germany, Finland and Spain. The period of study was 45 days (June 2, 2016-July 15, 2016) with a 30-day event cycle; 15 days before the event and 14 days after the event (-15 to 14). The analysis is carried out on the closing prices of the major indices of these five EU nations. The tools used to analyze th...
An Empirical Investigation of the Inter-Linkages Between Different Indices of Multi Commodity Exchange of India
The present study makes an attempt to examine the inter-relationship between the movement of the independent indices of the Multi Commodity Exchange of India (MCX), viz., MCX Agri, MCX Metal and MCX Energy. To study the above relation, the monthly returns for these indices were considered for the period June 2006- March 2017. Econometric tools like Augmented Dickey-Fuller (ADF) and Kwiatkowski- Phillips-Schmidt-Shin (KPSS) test of stationarity, Johansen cointegration test, VAR with optimal lag length criteria and Toda and Yamamoto (1995) causality test were used for the purpose of the study. All the variables were found to be stochastic stationary at first difference as revealed by ADF and KPSS tests results. The VAR model was found to be stable as per AR characteristic roots. The results of the study reveal that none of the variables were cointegrated, except MCX Agri which was impacting MCX Metal. However, Toda and Yamamoto (1995) causality test results show unidirectional causality from MCX Agri to MCX Metal.
Trade, Environment and Sustainable Development
Trade, Environment and Sustainable Development explores the linkages between the objectives of liberalised international trade, protection of the environment and sustainable development. It is an anthology of essays by leading experts, key government officials and political leaders from the South Asian region, supported by officials of the OECD, UNCTAD and non-governmental organisations. Trade, Environment and Sustainable Development outlines the concerns of the developing nations of the South Asian region about the impacts on their trade and development from the environmental policies of the North. A range of country case and sector studies are presented, along with analysis of key regional issues.
