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Now showing items 11-20 of 46
Analysis of the Indian securities industry: market for debt
(2010-03-27)
Though the Indian equity market has shown some encouraging growth in the last decade, the Indian debt market has continued to remain sluggish. In an environment where India is keen to attract foreign investments, it will ...
Equilibrium pricing of special bearer bonds
(2010-03-31)
Special Bearer Bonds provide immunity to investors in respect of black money invested
in them. This paper derives equilibrium prices of these bonds in a continuous time
framework using the mixed Wiener-Poisson process. ...
Sebi's regulatory priorities: need for change
(2010-04-17)
Genesis and Function: SEBI was created in 1988 to reform and regulate the securities markets in India. It was given statutory powers in 1992 and assigned the following functions and responsibilities: * Make rules and ...
Four factor model in Indian equities market
(2013-11-26)
We compute the Fama-French and momentum factor returns for the Indian equity market
or the 1993-2012 period using data from CMIE Prowess. We di er from the previous studies
n several signi cant ways. First, we cover a ...
Mispricing of volatility in the indian index options market
(2010-01-16)
This paper examines the relationship between index futures and index options prices in India. By using futures prices, we eliminate the effect of short sale restrictions in the cash market that impede arbitrage between the ...
Regulatory implications of monopolies in the securities industry
(2010-01-16)
Since the mid-1990s, investors and regulators have benefited from a high degree of competition in the Indian securities industry. Even more than all the policy changes that have taken place, it is technology and competition ...
Modelling credit risk in Indian bond markets
(2010-01-16)
Government bonds are subject only to interest rate risk. However, corporate bonds are subject to credit risk in addition to interest rate risk. Credit risk subsumes the risk of default as well as the risk of an adverse ...
Reform of the Fiscal and Subsidy Regime for the Petroleum Sector (Based on a Report Commissioned by the Petroleum Federation of India)
(2011-05-26)
Problems in the oil sector emanate from the structure of central taxes and the system of subsidization through prices. Solutions to the problems necessarily have to address both tax and subsidy simultaneously. The social ...
Analysis of Indian securities industry: market for debt
(2010-10-05)
In the current liberalized environment, the
Indian debt market appears to be all set to
take off. With the commencement of trading
of debt instruments by the National Stock
Exchange this year, the secondary market ...
Valuation model for indeterminate convertibles
(2010-03-22)
Many issues of convertible debentures in India in recent years provide for a mandatory conversion of the debentures into an unspecified number of shares at an unspecified time; the conversion ratio (i.e., the number of ...