Author : P. Ram
Publisher :
ISBN 13 :
Total Pages : 19 pages
Book Rating : 4.:/5 (13 download)
Book Synopsis An Integrated Study of Financial Markets in India by : P. Ram
Download or read book An Integrated Study of Financial Markets in India written by P. Ram and published by . This book was released on 2017 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: The flow of information between financial markets is an issue that has attracted considerable attention in the empirical finance literature. In order to examine interrelation among different types of financial markets i.e. Capital Market, derivative market, Money Market and Foreign Exchange market in short run, the basic data used in the study consist of four variables which are spot equity index rates, 3 month future equity index rates, repo rate, dollar/rupee exchange rate for the financial year 2014-2015. This paper has made an attempt to study the impact of Equity Spot Market on Forex, Money and Index Futures Market by using a simple regression analysis. The result indicates that the Spot Market has a significant impact on the Futures Market and Future Market is highly dependent on the Spot market. But the result of the regression analysis does not suggest the presence of significantly strong impact of Spot Market on Forex and Money Market. The study has also made an attempt to understand the causal link between Capital Market, Monet Market, Forex and Futures Market using univariate Granger Causality, but did not find any evidence for the existence of causal link between these segments of the Financial Market.