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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...