... In another study, Ho (1983) found that money supply is a useful information in predicting sto... more ... In another study, Ho (1983) found that money supply is a useful information in predicting stock ... finite samples and therefore their results are unreliable (see Toda and Yamamoto, 1995; Zapata and Rambaldi, 1997). Toda ...
... parameters in finite samples and therefore their results are unreliable, as pointed out by To... more ... parameters in finite samples and therefore their results are unreliable, as pointed out by Toda and Yamamoto, (1995) and Zapata and Rambaldi, (1997). ... al. (1991) and Chang and Lai (1997) have found Hsiao's Granger Causality test provides ...
The long run relationship between current account balance (CAB) and capital account balance (KAB)... more The long run relationship between current account balance (CAB) and capital account balance (KAB) and the repercussions of capital account convertibility (KAC) on growth process of a country is a much debated issue. In particular, in the aftermath of the Southeast Asian crisis, the limitation of the liberal capital regime for a developing country like India is often highlighted in
The recent emergence of Sovereign Wealth Funds (SWFs) as active and important players in internat... more The recent emergence of Sovereign Wealth Funds (SWFs) as active and important players in international fi nancial markets has raised a host of questions about their likely effect on markets and states. This trend is further reinforced in 2010/2011 by the fact that despite the fears and turbulences that spread all over the world in reason of the global economic and fi nancial crisis, SWFs have blatantly retained their infl uence. SWFs create a regulatory and theoretical challenge because they serve two masters with very different agendas. This article is the fi rst to explore the challenges governments face when they wish to set up an SWF. It explores determinants and policy options governments have to set up an SWF by analysing the fi scal and monetary parameters while simultaneously focusing on the regulatory determinants funds may and should comply with in order to be better accepted as international investors. The challenges are important since SWF are expected to grow in the future and might emerge as decisive investors throughout a world in crisis.
... parameters in finite samples and therefore their results are unreliable, as pointed out by To... more ... parameters in finite samples and therefore their results are unreliable, as pointed out by Toda and Yamamoto, (1995) and Zapata and Rambaldi, (1997). ... al. (1991) and Chang and Lai (1997) have found Hsiao's Granger Causality test provides ...
Since mid-nineties, India’s foreign exchange reserves (FER) – both nominal and real adjusted for ... more Since mid-nineties, India’s foreign exchange reserves (FER) – both nominal and real adjusted for price level – started growing considerably and reached a new peak of US$ 251985 million in 2008-09. The fact that such unprecedented accumulation of FER build-up has materialized despite India's balance of payment on its current account being mostly negative, has raised debates on the major
... In another study, Ho (1983) found that money supply is a useful information in predicting sto... more ... In another study, Ho (1983) found that money supply is a useful information in predicting stock ... finite samples and therefore their results are unreliable (see Toda and Yamamoto, 1995; Zapata and Rambaldi, 1997). Toda ...
... parameters in finite samples and therefore their results are unreliable, as pointed out by To... more ... parameters in finite samples and therefore their results are unreliable, as pointed out by Toda and Yamamoto, (1995) and Zapata and Rambaldi, (1997). ... al. (1991) and Chang and Lai (1997) have found Hsiao's Granger Causality test provides ...
The long run relationship between current account balance (CAB) and capital account balance (KAB)... more The long run relationship between current account balance (CAB) and capital account balance (KAB) and the repercussions of capital account convertibility (KAC) on growth process of a country is a much debated issue. In particular, in the aftermath of the Southeast Asian crisis, the limitation of the liberal capital regime for a developing country like India is often highlighted in
The recent emergence of Sovereign Wealth Funds (SWFs) as active and important players in internat... more The recent emergence of Sovereign Wealth Funds (SWFs) as active and important players in international fi nancial markets has raised a host of questions about their likely effect on markets and states. This trend is further reinforced in 2010/2011 by the fact that despite the fears and turbulences that spread all over the world in reason of the global economic and fi nancial crisis, SWFs have blatantly retained their infl uence. SWFs create a regulatory and theoretical challenge because they serve two masters with very different agendas. This article is the fi rst to explore the challenges governments face when they wish to set up an SWF. It explores determinants and policy options governments have to set up an SWF by analysing the fi scal and monetary parameters while simultaneously focusing on the regulatory determinants funds may and should comply with in order to be better accepted as international investors. The challenges are important since SWF are expected to grow in the future and might emerge as decisive investors throughout a world in crisis.
... parameters in finite samples and therefore their results are unreliable, as pointed out by To... more ... parameters in finite samples and therefore their results are unreliable, as pointed out by Toda and Yamamoto, (1995) and Zapata and Rambaldi, (1997). ... al. (1991) and Chang and Lai (1997) have found Hsiao's Granger Causality test provides ...
Since mid-nineties, India’s foreign exchange reserves (FER) – both nominal and real adjusted for ... more Since mid-nineties, India’s foreign exchange reserves (FER) – both nominal and real adjusted for price level – started growing considerably and reached a new peak of US$ 251985 million in 2008-09. The fact that such unprecedented accumulation of FER build-up has materialized despite India's balance of payment on its current account being mostly negative, has raised debates on the major
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