Sushil Mohanty - Academia.edu (original) (raw)
Hello!!!I am working as an Assistant Professor at S V Institute of Management, Kadi (MBA) Department. My interest areas are Stock Market, Banking
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A P e e r R e v i e w e d I n t e r n a t i o n a l J o u r n a l o f A s i a n R e s e a r c h C... more A P e e r R e v i e w e d I n t e r n a t i o n a l J o u r n a l o f A s i a n R e s e a r c h C o n s o r t i u m ABSTRACT India has adopted LPG Policy in 1991 for rest of the world and leads to increase an integration of the Indian capital market with international financial. Here, we have examined the co-movement of the Indian stock market(BSE) with developed markets like US,. Tools like descriptive statistics, correlation, rolling correlation and Granger-causality tests have been used in the paper to find out the same. We found that the US market is not playing a unique role in integration of Asian markets. It is observed from the analysis that majority of the Asian Stock market indices integrate with each other, like BSE, SHANGHAI, JAKARTA and KLSE is highly correlated with Strait Times whereas KSE is highly correlated with BSE. All these stock exchanges are the developing economies of the world. Whereas the developed countries stock indices showed the co-integration majorly with the
A P e e r R e v i e w e d I n t e r n a t i o n a l J o u r n a l o f A s i a n R e s e a r c h C... more A P e e r R e v i e w e d I n t e r n a t i o n a l J o u r n a l o f A s i a n R e s e a r c h C o n s o r t i u m ABSTRACT India has adopted LPG Policy in 1991 for rest of the world and leads to increase an integration of the Indian capital market with international financial. Here, we have examined the co-movement of the Indian stock market(BSE) with developed markets like US,. Tools like descriptive statistics, correlation, rolling correlation and Granger-causality tests have been used in the paper to find out the same. We found that the US market is not playing a unique role in integration of Asian markets. It is observed from the analysis that majority of the Asian Stock market indices integrate with each other, like BSE, SHANGHAI, JAKARTA and KLSE is highly correlated with Strait Times whereas KSE is highly correlated with BSE. All these stock exchanges are the developing economies of the world. Whereas the developed countries stock indices showed the co-integration majorly with the