Correlation Dynamics Of Equity Markets In Pakistan And India PDF Download
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Author | : Inayat Ullah |
Publisher | : |
Total Pages | : 11 |
Release | : 2015 |
Genre | : |
ISBN | : |
Download Correlation Dynamics of Equity Markets in Pakistan and India Book in PDF, ePub and Kindle
This paper examines the dynamic relationship among stock markets returns using daily data from April 2003, to December, 2011 for five equity market indices of developing and developed countries. We apply Johnson's Co-Integration and Unit-Root Tests to identify the correlation and co-integration of these five equity markets during the global financial crisis 2008. The analysis reveals a dynamic correlation between the equity markets of developing countries (i.e Pakistan & India) and developed countries (Europe). However the co-integration is weak among these countries which imply less intense spillover effect of the financial crisis on developing countries.
Author | : Faisal Khan |
Publisher | : |
Total Pages | : 10 |
Release | : 2019 |
Genre | : |
ISBN | : |
Download Dynamic Linkage Among Pakistan, Emerging and Developed Equity Market Book in PDF, ePub and Kindle
The study evaluates the relationship of Pakistan Stock Exchange 1 (PSX) with progressing and well-established equity markets from 1997 to 2014. The Johansen's multivariate cointegration tests i.e. maximum eigenvalue & trace statistics proposes three co-integrating vectors at 5% critical values with the progressing and well-established equity markets. Furthermore, vector correction model implies that PSX is positive and statistically robust in relation to India at lag 2, while negative and statistically significant in relation to China at lag 1 and USA at lag 2. Though, the bivariate co-integration trace and maximal eigenvalues recommends that the PSX individually have no relationship with other markets. This study further recommends that PSX is extremely unpredictable stock market in between from 44% to -24%. It might be desired by risky investors.
Author | : Martin Martens |
Publisher | : |
Total Pages | : 28 |
Release | : 1999 |
Genre | : |
ISBN | : |
Download Correlation Dynamics Between International Stock Markets Using Synchronous Data Book in PDF, ePub and Kindle
Author | : Suk-Joong Kim |
Publisher | : Elsevier |
Total Pages | : 537 |
Release | : 2007-12-12 |
Genre | : Business & Economics |
ISBN | : 0762314710 |
Download Asia-Pacific Financial Markets Book in PDF, ePub and Kindle
This volume of "International Finance Review" focuses on the Asia-Pacific financial markets. A total of 22 original papers, not published elsewhere, have been selected from a competitive field. These papers utilize a variety of methods, including theoretical, empirical and qualitative to highlight a range of issues across the region. Several papers offer combinations of these different categories and among the empirical papers, there are a wide variety of datasets analyzed. While China does play a significant part in the analysis of five of the papers in this volume (this is to be expected given its importance in the region), a host of other countries are also considered. This ensures the volume is truly international in its scope. These papers each serve to contribute to the knowledge on a particular issue related to the financial markets within this region and for this volume, three main issues have been identified: integration, innovation and challenges. Articles are contributed by experts in their fields. It is truly international in scope.
Author | : Mohamed El Hedi Arouri |
Publisher | : Springer Science & Business Media |
Total Pages | : 214 |
Release | : 2009-12-24 |
Genre | : Business & Economics |
ISBN | : 3790823899 |
Download The Dynamics of Emerging Stock Markets Book in PDF, ePub and Kindle
Emerging markets have received a particular attention of academic researchers and practitioners since they decided to open their domestic capital markets to foreign participants about three decades ago. At the same time, we remark that theoretical and empirical research in emerging stock markets has been particularly challenged by their fast changes in nature and size under the effects of financial liberalization and reforms. This evolving feature has particularly led to a commensurate increase in sophistication of modeling techniques used for understanding financial markets. In this spirit, the book aims at providing the audience a comprehensive understanding of emerging stock markets in various aspects using modern financial econometric methods. It addresses the empirical techniques needed by economic agents to analyze the dynamics of these markets and illustrates how they can be applied to the actual data. On the other hand, it presents and discusses new research findings and their implications.
Author | : Raj S. Dhankar |
Publisher | : Springer |
Total Pages | : 355 |
Release | : 2019-04-25 |
Genre | : Business & Economics |
ISBN | : 813223748X |
Download Capital Markets and Investment Decision Making Book in PDF, ePub and Kindle
This book discusses capital markets and investment decision-making, focusing on the globalisation of the world economy. It presents empirically tested results from Indian and Southwest Asian stock markets and offers valuable insights into the working of Indian capital markets. The book is divided into four parts: the first part examines capital-market operations, particularly clearance and settlement processes, and stock market operations. The second part then addresses the functioning of global markets and investment decisions; more specifically it explores calendar anomalies, dependencies, overreaction effect, causality effect and stock returns volatility in South Asia, U.S. and global stock markets as a whole. Part three covers issues relating to capital structure, values of firm and investment strategies. Lastly, part four discusses emerging issues in finance like behavioral finance, Islamic finance, and international financial reporting standards. The book fills the gap in the existing finance literature and helps fund managers and individual investors make more accurate investment decisions.
Author | : Aswini Kumar Mishra |
Publisher | : Springer |
Total Pages | : 299 |
Release | : 2018-09-13 |
Genre | : Business & Economics |
ISBN | : 3319995553 |
Download Current Issues in the Economy and Finance of India Book in PDF, ePub and Kindle
This proceedings volume highlights important points of achieving a balanced and sustained growth path from diverse economics and finance perspectives, touching on a wide array of economic and social analyses in India. Featuring contributions presented at the 2018 International Conference on Economics and Finance (ICEF-2018) held at the Birla Institute of Technology and Science, Pilani, Goa, India, the enclosed papers explore topics such as inflation dynamics, information transmission in post-recession era, leverage effect and volatility asymmetry, structural change and economic growth and reforming tax systems, among others. The Indian economy today is remarkable and, not surprisingly, it is growing very rapidly. It has emerged as the fastest growing major economy in the world as per the Central Statistical Organization (CSO) and International Monetary Fund (IMF) and it is expected to be one of the top three economic powers of the world over the next 10 to15 years, backed by its strong democracy and partnership. At the backdrop of impressive progress of the Indian economy during the last two decades, the question that remains to be answered is does India still have a long way to go before it is functioning well as a market economy? This book critically examines the performance of the Indian economy at the national, state and sectorial levels. Featuring contributions from leading academicians, scholars and practitioners from Asia and the rest of the world, this book is an asset to students, professors, scholars, practitioners and policy makers in the areas of India economics, finance and sustainable development.
Author | : Ercan Özen |
Publisher | : Emerald Group Publishing |
Total Pages | : 235 |
Release | : 2020-09-25 |
Genre | : Business & Economics |
ISBN | : 1800430973 |
Download Uncertainty and Challenges in Contemporary Economic Behaviour Book in PDF, ePub and Kindle
Every day presents new challenges as the face of global economics changes. In this first book in the Emerald Studies in Finance, Insurance, and Risk Management, expert editors and contributors come together to discuss global response to new uncertainty and challenges.
Author | : Rosario N. Mantegna |
Publisher | : Cambridge University Press |
Total Pages | : 164 |
Release | : 1999-11-13 |
Genre | : Business & Economics |
ISBN | : 1139431226 |
Download Introduction to Econophysics Book in PDF, ePub and Kindle
This book concerns the use of concepts from statistical physics in the description of financial systems. The authors illustrate the scaling concepts used in probability theory, critical phenomena, and fully developed turbulent fluids. These concepts are then applied to financial time series. The authors also present a stochastic model that displays several of the statistical properties observed in empirical data. Statistical physics concepts such as stochastic dynamics, short- and long-range correlations, self-similarity and scaling permit an understanding of the global behaviour of economic systems without first having to work out a detailed microscopic description of the system. Physicists will find the application of statistical physics concepts to economic systems interesting. Economists and workers in the financial world will find useful the presentation of empirical analysis methods and well-formulated theoretical tools that might help describe systems composed of a huge number of interacting subsystems.
Author | : Md Abu Hasan |
Publisher | : Cambridge Scholars Publishing |
Total Pages | : 223 |
Release | : 2024-02-06 |
Genre | : Business & Economics |
ISBN | : 1527569780 |
Download Efficiency and Volatility Dynamics of Bangladesh's Stock Market Book in PDF, ePub and Kindle
This book contributes to empirical finance by comprehensively analysing an emerging stock market, employing modern econometric techniques. The most central and fascinating area of financial economics is probably the efficiency and volatility of the stock market – however, studies of emerging economies are relatively limited in this area. The rising importance of stock market globalisation has increased interest in emerging markets. This book leads the way for an emerging market perspective, as it explores the issue of efficiency and volatility of the stock market in Bangladesh by employing both univariate and multivariate models, using daily data of past share prices and monthly data of macroeconomic variables and the stock index, respectively. This book offers an understanding of the crucial issues facing developing economies, particularly emerging stock markets with similar characteristics to those of Bangladesh. This book undoubtedly provides valuable information for investors in the stock market, graduate, post-graduate, and PhD students in quantitative financial economics, academics in economics and finance, and policymakers in developing economies.