This paper investigates the nature of the causal relationship between stock prices and macroeconomic aggregates in the foreign sector in India. By applying the techniques of unit–root tests, cointegration and the long–run ...

Consider a two-period situation. In the first period a consumer and a firm bargain over the price of a bond. The objective is a project which takes one period to come on stream. Both agents prefer production but the ...

Asset allocation, the decision of how much of a portfolio to allocate to different types of securities, is one of the fundamental issues in financial economics. The paper examines the portfolios created out of lump-sum ...

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 ...

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 ...