Open Access. Powered by Scholars. Published by Universities.®

International Economics Commons

Open Access. Powered by Scholars. Published by Universities.®

Articles 1 - 6 of 6

Full-Text Articles in International Economics

Testing For Weak Form Market Efficiency In Indian Foreign Exchange Makret, Anoop Sasikumar Aug 2011

Testing For Weak Form Market Efficiency In Indian Foreign Exchange Makret, Anoop Sasikumar

Anoop Sasikumar

This paper attempts to examine the weak form of market efficiency in the Indian foreign exchange market using a family of variance ratio tests. Monthly Nominal Effective Exchange Rate (NEER) data from April 1993-June 2010 were used for the analysis. NEER series was considered for the analysis as it is supposed to capture more information compared to the bilateral exchange rates. Three individual variance ratio tests as well as three joint variance ratio tests were used for the purpose of analysis. After analyzing the results from both individual and joint variance ratio test, it was concluded that Indian foreign exchange ...


An Analysis Of Presence Of Long Memory In The Indian Foreign Exchange Market, Anoop Sasikumar Jan 2011

An Analysis Of Presence Of Long Memory In The Indian Foreign Exchange Market, Anoop Sasikumar

Anoop Sasikumar

This paper seeks to analyze the presence of long memory in the Indian foreign exchange market using a family of tests. The study has used Nominal Effective Exchange Rate (NEER) series as the data source to check the possible presence of long memory. Three R/S statistics viz. Hurst, Mandelbrot’s and Lo’s modified R/S statistics as well as two semi-parametric tests viz. Robinson’s Gaussian semi-parametric estimate and Andrews-Guggenberger modified GPH estimator are used for the purpose of analysis. All the results conclusively prove the presence of strong version of long memory in the Indian foreign exchange ...


Effect Of Monetary Incentives On Institutional Deliveries: Evidence From The Janani Suraksha Yojna In India, Ambrish A. Dongre Jul 2010

Effect Of Monetary Incentives On Institutional Deliveries: Evidence From The Janani Suraksha Yojna In India, Ambrish A. Dongre

Ambrish A Dongre

This paper is the fi#12;rst attempt to rigorously evaluate the short term e#11;ffects of the `Janani Suraksha Yojna' (Safe Motherhood Scheme), a nationwide conditional cash transfer program in India, launched in April 2005. Under the scheme, a woman delivering her child in a medical facility is provided monetary rewards.

My diff#11;erence-in-di#11;fference results indicate that in the initial one and a half years of its operation, the scheme did not have any eff#11;ect on the disparity between the targeted and non- targeted states. In fact, the gap widened in this period ...


Women Head Of The Village Councils And Water Borne Diseases, Ambrish A. Dongre Dec 2008

Women Head Of The Village Councils And Water Borne Diseases, Ambrish A. Dongre

Ambrish A Dongre

This paper examines the relation between prevalence of water- borne diseases and gender of the head of the village councils by exploiting a `natural experiment' in local governance in India. A constitutional amendment in early 1990s ensured that only women could be the head in at least one- third of the village councils selected randomly. Utilizing a unique sample survey, we show that having a woman as the council head seems to have no effect on the prevalence of water borne diseases. But if we look into the sub- categories of the women council heads, we find that the women ...


Why Brazil Has Not Grown: A Comparative Analysis Of Brazilian, Indian, And Chinese Economic Management, Fernando Ferrari, Anthony Petros Spanakos Mar 2008

Why Brazil Has Not Grown: A Comparative Analysis Of Brazilian, Indian, And Chinese Economic Management, Fernando Ferrari, Anthony Petros Spanakos

Department of Political Science and Law Faculty Scholarship and Creative Works

This paper does not aim to dispute that Brazil would benefit from reforms in any or all of these areas. Rather, the paper offers a skeptical perspective on reform menus and proposes an alternative explanation for the faster growth of Brazil’s peers India and China2. The paper begins by introducing (section 1) the idea of the BRICs countries, to establish the basis for comparisons of most similar cases. It then surveys the results of a generation of Washington Consensus era growth (section 2). Although there is a considerable amount of divergence over what causes growth, it seems that something ...


The Efficiency Of Emerging Stock Markets: Empirical Evidence From The South Asian Region, Arusha V. Cooray, G. Wickramasighe Jan 2007

The Efficiency Of Emerging Stock Markets: Empirical Evidence From The South Asian Region, Arusha V. Cooray, G. Wickramasighe

Faculty of Commerce - Papers (Archive)

This paper examines the efficiency in the stock markets of India, Sri Lanka, Pakistan and Bangladesh. The Augmented Dickey Fuller (ADF-1979, 1981), the Phillips-Perron (PP-1988), the Dicky-Fuller Generalized Least Square (DF-GLS-1996) and Elliot-Rothenberg-Stock (ERS – 1996) tests are used to examine weak form stock market efficiency. Weak form efficiency is supported by the classical unit root tests. However, it is not strongly supported for Bangladesh under the DF-GLS and ERS tests. Cointegration and Granger causality tests are used to examine semi-strong form efficiency. Semi-strong form efficiency is not supported as these tests indicate a high degree of interdependence among the South ...