This paper is a fresh attempt to unravel the relationship between the real economic variables and the capital market in Indian context. The paper considers the monthly data of several economic variables like the national ...
The question of the determinants of the current account has received enormous attention and has spawned an entire generation of papers for the industrialised countries [3]. However, the explanatory power of the theories ...
One approach to achieving price stability is to undertake a deliberate path to an ultimate goal of low inflation-deliberate disinflation. In contrast an opportunistic strategy for disinflation has gained credence in recent ...
Indian industry is passing through a crucial phase of transition and restructuring. The
country has been embarked upon the program of economic reforms since 1991. This will have
significant influence on the growth of ...
Formal financial institutions viz. commercial banks are gradually shifting their priorities from rural credit due to many practical reasons. High default rate and non-viability of rural credit, and increasing pressure on ...
This paper concentrates on IPOs from the banking sector. The recommendations of the expert committees on the banking sector reform encouraged Indian banks to raise funds from the capital market through IPOs. In a developing ...
In this paper, we use Panel Regression techniques to analyse the effects of ownership on bank performance in the context of an emerging economy, India. The literature points to mixed results in this context. We find that ...
Deposits are foundations upon which banks thrive and grow. Deposits generate cash reserves, and it is out of the excess cash reserve a bank holds that the new loans are created. The management should ensure that the bank ...
The relationship between concentration and market structure has not been fully explored in the literature. The existing understanding of the impact of entry on concentration and competition through market structure is ...
The present study examines the relevance of macroeconomic models in exchange rate determination in India. For this, the study has undertaken a primary survey, with the help of structured mailed questionnaire, on the Indian ...
This paper attempts to build an aggregative, structural, macro-econometric model for India. The model is monetarist in focus and extends the work of Rangarajan and Arif to include the external sector. Annual time series ...
The purpose of this paper is to investigate empirically the existence of inter-industry
differences in the capital structure of Indian firms and identify the possible sources of
such variations in capital structure. The ...
Using five benchmark rates from the Indian Money Market, this paper tests the Expectation Hypothesis (EH) with constant term premium. The data analysis draws on Johansen’s test for multivariate cointegration and the ...
During the last decade, significant progress was achieved in terms of policy and institutional reforms in the financial sector in India. A question that needs to be addressed is: how far have these initiatives resulted in ...
This paper aims at verifying the existence of significant relationship between inflation and openness in the context of the developing countries. The dataset comprises 53 developing countries located at five different ...
In a series of empirical studies Fazzari and Petersen (FP) and their associates examined the substitutability between the stock of fixed capital and inventory investment of firms when they encounter short run and/or sporadic ...
The appropriate exchange rate regime, in the context of integration of currency markets with financial markets and of large international capital flows, continues to be a policy dilemma. The revealed preference for most ...
Poverty in India is one of the persisting problems since long time. Governments have been striving to alleviate poverty. A variety of welfare strategic programs like IRDP have been activated to address the problem. These ...