Jain, Surbhi; Bhanumurthy, N.R. - In: Asia-Pacific Development Journal 12 (2005) 2, pp. 15-32
In the present study, we examine the issue of integration of financial markets in India. Given the growing movement of …) are necessary to increase integration of financial markets. This would help in reducing the arbitrage advantage in some … exchange rates, and the London Inter Bank Offered Rate (LIBOR). By using a multiple co-integration approach, the study found …