The National Stock Exchange (NSE) of India was ranked the first in terms of trading of individual stock futures in the year 2007. Financial derivatives like stock futures have always been accused of causing instability in the spot market. This paper investigates the effects of individual stock...

Empirical evidences on the transmission mechanism by which monetary policy affects the economy, particularly general prices and real activity, are essential, both for effective policy making and understanding the alternate macroeconomic theories. A consensus has largely been established on the...

: Mundell-Fleming model of open economy macroeconomics has amply established that the nature and direction of causal relationship between money supply and exchange rate depend on the exchange rate regimes. Particularly bidirectional causal relation between domestic money supply and exchange rate...

: Developed countries have been allocating vast amounts of funds as foreign aid to developing nations. However, foreign aid policy has been attracting a lot of criticism. One prominent criticism is that foreign aid allocations have not been determined by the needs of the recipient countries....

: Using Generalized Method of Moments (GMM) panel data analysis to examine the relationship between Foreign Direct Investment (FDI), financial development and economic growth in a group of 70 developed and developing countries from 1988 to 2002, it is found that the impact of FDI on economic...

In this paper an attempt has been made to analyze the substitution possibilities in Haryana manufacturing industries. The study derives its rationale primarily from the fact that the growth of manufacturing sector in Haryana is the need of the hour, as the agriculture growth appears to have...

: Income inequality and poverty in Nigeria are closely related. This study decomposed change in poverty in Nigeria into the growth and redistribution components using income and expenditure. Household survey data collected by the National Bureau of Statistics in 1998 and 2004 were used. Results...

: Whether international trade has any effect on income convergence across countries remains an open question. The present paper addresses this question by employing a novel approach and a new model over the period 1960-2003. By splitting the sample into two subperiods, it is found that the...

: The global price surge in food and energy in recent years has put considerable strain on consumers. This is especially so because food and energy are the elements of consumer s non-discretionary spending. Confining interest to the working class in Lesotho, this work is an attempt to quantify...

: This paper analyzes the dynamics of the US inflation time series using two classes of models: structural change models and long memory processes. For the first class, the Markov Switching Autoregressive (MS-AR) model of Hamilton (1989) and the Structural Change-Autoregressive (SCH-AR) model...