June 2009

Price discovery, trading costs and insider trading: Evidence from a thin emerging market

  This research examines the impact of continuous trading system versus fixing system on liquidity, volatility, pricing error and order flows. Our results show that the continuous system show better price determination than the fixing system. This result is surprising. Indeed, temporal consolidation and the absence of effect of noisy orders should have led to a reverse conclusion. We suggest that in thin...

Author(s): Mohamed Derrabi and Samir Agnaou

June 2009

Foreign capital flows into India: Compositions, regulations, issues and policy options

  Existing studies reveals that the huge surge in international capital flows since early 1990s has created unprecedented opportunities for the developing countries like India to achieve accelerated economic growth. International financial institutions routinely advise developing countries to adopt policy regimes that encourage capital inflows. Since the introduction of the reform process in the early 1990s,...

Author(s): Sumanjeet Singh