Download or read book Testing Forward Rate Unbiasedness in India written by Rohit Vishal Kumar and published by . This book was released on 2009 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 'Unbiased Forward Rate Hypothesis' (UFH) states that the forward exchange rate of any foreign currency must be an unbiased predictor of the future spot rate. In developed economies, considerable empirical work has been undertaken by researchers to test the validity of UFH; however the results have been quite mixed. In the Indian context, little empirical (or even theoretical) work has been undertaken to test/examine/investigate the validity of UFH in the Indian forex market. In this paper, we attempt to reexamine in Indian context the familiar relationship between forward and future spot rate. Using the rates for the US Dollar on a monthly basis, we use 'level' specification to test for UFH in the Indo - US foreign exchange rate market. Cointegration tests are performed to confirm the legitimacy of forward rate and spot rate being included in regression. Evidence of serial correlation is found and models for correction of serial correlation are used. The data, taken from the Reserve Bank of India, covers a period from September 2000 to January 2007. Our investigations reveal that the Indian forex market does not fully support the UFH. For the entire sample period, the evidences indicate that even though the current forward rate has a significant impact in predicting the future spot rate, however, enough variability remain to make the predictions a suspect. Based on our evidences, we highlight some reasons as to why the UHF fails in the Indian forex market and suggest areas for further research.
Download or read book Economic Developments In India Monthly Update Volume 13 Analysis Reports Policy Documents written by Editors : Raj Kapila & Uma Kapila and published by Academic Foundation. This book was released on 1999 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Indian Journal of Economics written by and published by . This book was released on 2007 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Propelling India from Socialist Stagnation to Global Power Policy reforms written by Arvind Virmani and published by Academic Foundation. This book was released on 2006 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presenting a comprehensive retrospective of India's economic policies and performances, this study includes an an in-depth analysis of a wide range of issues from a variety of perspectives: historical, global, institutional, and political-economic. The discussion explores the "tripolar world" comprised of the United States, China, and India as the changing dominant players in global power.
Download or read book Propelling India from Socialist Stagnation to Global Power Growth process written by Arvind Virmani and published by Academic Foundation. This book was released on 2006 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents a comprehensive retrospective of India's economic policies and performances, including an in-depth analysis of a wide range of issues from a variety of perspectives: historical, global, institutional, and political-economic. The discussion explores the "tripolar world" comprised of the United States, China, and India as the changing dominant players in global power.
Download or read book Uncovered Interest Parity written by Mr.Peter Isard and published by International Monetary Fund. This book was released on 1991-05 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: This note provides an overview of the uncovered interest parity assumption. It traces the history of the interest parity concept, summarizes evidence on the empirical validity of uncovered interest parity, and discusses the implications for macroeconomic analysis. The uncovered interest parity assumption has been an important building block in multiperiod and continuous time models of open economies, and although its validity is strongly challenged by the empirical evidence, its retention in macroeconomic models is supported on pragmatic grounds, at least for the time being, by the lack of much empirical support for existing models of the exchange risk premium.
Download or read book Indian Economic Review written by and published by . This book was released on 1996 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reserve Bank of India Occasional Papers written by and published by . This book was released on 2006 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book India s Banking and Financial Sector in the New Millennium written by Raj Kapila and published by Academic Foundation. This book was released on 2001 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: Eminent economists, financial experts, and top bankers are the authors of the essays collected within these two volumes, which present a concise and authoritative overview of some of the latest and the most challenging issues facing India's financial sector in the 21st century.
Download or read book Finance India written by and published by . This book was released on 2008 with total page 832 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Indian Journal of Quantitative Economics written by and published by . This book was released on 1997 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Market and the Structure of Interest Rates in India written by Tapas Kumar Chakrabarti and published by . This book was released on 2004 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Financial Management written by Madhuvij and published by Excel Books India. This book was released on 2006 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is fundamentally designed to serve as an introduction to the study of Multinational Financial Management for students and managers with little previous exposure to the details of this area. The book provides an overview of the financial environment in which multinational firms operate. It also provides a thorough discussion on the Balance of payments and international financial institutions and financial markets. It also discusses the organization and operations of the foreign exchange.
Download or read book Report on Currency and Finance written by Reserve Bank of India and published by . This book was released on 2005 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Modelling and Forecasting in Dry Bulk Shipping written by Shun Chen and published by CRC Press. This book was released on 2014-04-24 with total page 437 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book models price behaviour and forecasts prices in the dry bulk shipping market, a major component of the world shipping industry. Recent uncertainties in the world economy, shipbuilding developments and fleet changes mean the dry bulk shipping market has become extremely volatile, highly speculative and more sensitive to external shocks. In response to these challenging circumstances, this book models price behaviour and forecasts prices in various markets including the freight market, the new build ship market and the second-hand ship market. The authors have carried out an extensive investigation of dry bulk shipping over a 60-year period in diverse sub-markets, trading routes, market conditions and dry bulk vessels. The authors also propose a framework for analysing and modelling the economic processes of numerous variables in the dry bulk shipping market, making use of modern econometric techniques and other economic approaches. This will be especially useful for the control and assessment of risk for ship owners and charterers in ship operation, ship chartering and ship trading activities. This book will be extremely useful for shipbuilders, owners and charterers, as well as shipping analysts and policymakers. It will also be of great interest to academics and researchers concerned with the economics of the shipping industry.
Download or read book The Indian Journal of Agricultural Economics written by and published by . This book was released on 2001 with total page 850 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vols. include Proceedings of the conference of the Indian Society of Agricultural Economics.
Download or read book Economic Developments in India written by and published by . This book was released on 1999 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:
