|
Showing 1 - 6 of
6 matches in All Departments
This book brings together experts from four continents (Asia, North
America, Europe, Africa) and from varied disciplines to discuss a
spectrum of problems created by globalization, such as the economic
and financial, environmental, legal, cultural, socio-economic and
social media impacts. The book not only examines the problems from
a number of different perspectives, but also considers the impact
of globalization in emerging nations around the world. Due to the
very nature of these problems, the approaches adopted are both
qualitative and quantitative; it includes quantitative research on
quantum finance and the financial crisis, and also discussions on
qualitative problems, such as cultural imperialism and
neoliberalism. Of interest to economic researchers and management
professionals, the book is also a valuable resource for social
media researchers, environment scientists, and non-technical
readers concerned with socio-political issues. This single volume
offers a holistic view and therefore a more complete picture of the
problems posed by globalization.
This work is an exploration of the global market dynamics, their
intrinsic natures, common trends and dynamic interlinkages during
the stock market crises over the last twelve years. The study
isolates different phases of crisis and differentiates between any
crisis that remains confined to the region and those that take up a
global dimension. The latent structure of the global stock market,
the inter-regional and intra-regional stock market dynamics around
the crises are analyzed to get a complete picture of the structure
of the global stock market. The study further probing into the
inherent nature of the global stock market in generating crisis
finds the global market to be chaotic thus making the system
intrinsically unstable or at best to follow knife-edge stability.
The findings have significant bearing at theoretical level and on
policy decisions.
This book brings together experts from four continents (Asia, North
America, Europe, Africa) and from varied disciplines to discuss a
spectrum of problems created by globalization, such as the economic
and financial, environmental, legal, cultural, socio-economic and
social media impacts. The book not only examines the problems from
a number of different perspectives, but also considers the impact
of globalization in emerging nations around the world. Due to the
very nature of these problems, the approaches adopted are both
qualitative and quantitative; it includes quantitative research on
quantum finance and the financial crisis, and also discussions on
qualitative problems, such as cultural imperialism and
neoliberalism. Of interest to economic researchers and management
professionals, the book is also a valuable resource for social
media researchers, environment scientists, and non-technical
readers concerned with socio-political issues. This single volume
offers a holistic view and therefore a more complete picture of the
problems posed by globalization.
This book seeks to answer the essential question of the
investment-worthiness of green instruments. It is evident that
investing in green and energy-efficient firms will be the most
profitable choice for wise investors in the years to come. The
reconciliation of the social choice for green technology and
investors' choice for gray technology will be automatically
achieved once green firms become more profitable than gray ones, in
the Indian context. As there has been very little research done in
this area, especially in the Indian context, this book addresses
that gap. In order to do so, it follows the development of five
different portfolios consisting of 100% green, 75% green-25% gray,
50% green-50% gray, 25% green-75% gray and 100% gray stocks, and
attempts to answer questions such as: Do green portfolios entail
less relative own-risk as compared to their gray counterparts? How
effectively do green portfolios avoid market risk? Are green
portfolios inherently more stable? Do green portfolios have a
higher probability of surviving a financial crisis? Is the
performance of green portfolios backed by their fundamentals? Is
there any particular technical trading strategy that can ensure a
consistently above-average return from these portfolios?
This study is an exploration of the Indian stock market,
focusing on the possible presence of momentum trading. One thing,
however, should be noted. While it is true that momentum trading,
which tends to generate speculative bubbles, may result in a
financial market crash, its nature in contrast might depend on the
nature of the economy itself. The study, while exploring the
presence and nature of momentum trading on the Indian stock market
in recent years, seeks to relate it to significant structural
breaks in the Indian or global economy. To be precise, it outlines
a potential correlation between the instability in the stock market
and the speculative trading on the market, exploring the question
of whether it is human psychology that drives financial markets. In
the process, the choice of a significant structural break has been
obvious: the global financial meltdown of 2007-2008 a crisis that
has often been referred to as the worst ever since the crash of
1929. While analyzing the nature of momentum trading on the Indian
stock market with regard to the financial crisis of 2007-08, the
study takes into account two major representatives of the market,
the BSE (Bombay Stock Index) and NSE (National Stock Index), for
the period 2005 to 2012. This study seeks to answer a few important
questions. First of all, it tries to unveil the underlying
structure of the market. In doing so, it examines the following
issues: (i) What was the latent structure of the Indian stock
market leading up to the crisis of 2007-08? Does the structure
offer insights into designing profitable trading strategies? (ii)
Is it possible to construct a profitable portfolio on the Indian
stock market? (iii) Is there any profitable trading strategy on the
Indian stock market? While exploring these issues, the study delves
deeper, breaking the whole period down into two sub-periods, before
the crisis of 2008 and after the crisis. The purpose of this
division is to determine whether there has been any discernible
change in the market structure since the shock.
A volatile foreign exchange market takes a toll on the economy's
international competitiveness. Excess forex volatility affects the
stock markets and international trade as well. The negative impact
may even spread to other countries in form of volatility spillover.
This study aims to analyze the volatility dynamics in context of
Indian Rupee vis-a-vis some selected foreign currencies. In that
process, it uses ARCH models, long memory and structural breaks to
examine the nature of volatility. The study then investigates any
possible volatility spillover from stock markets to understand the
possible source of exchange rate volatility. However, the stock
markets fail to explain the exchange rate volatility completely. To
understand the underlying volatility dynamics, the possible
non-linear nature of the exchange rates is examined. All exchange
rates turn out to be chaotic in nature. It has some serious policy
implications as in a chaotic foreign exchange market long term
policies are often rendered useless. The study empirically
establishes this fact by showing that in chaotic foreign exchange
market government interventions to contain volatility does not
actually work.
|
|