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Now showing items 11-20 of 29
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 ...
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 ...
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 ...
Mastershares: enigmatic performance
(2010-03-23)
In this paper we have examined the performance of Mastershares, the first all equity close ended growth fund established by the Unit Trust of India (UTI) in the country, using the various portfolio performance measures ...
Rejuvenation of jute industry: role and potential of diversified products
(2010-03-21)
For more than a century, jute industry occupied a very important position in the national economy of India. However in late 70's a serious jute imbroglio started and large number of ills have closed down or are running ...
Indian convertible bonds with unspecified terms: an empirical study
(2010-03-31)
Indian convertible bonds have two peculiar features that make them
possibly unique in the world: a) the bonds are compulsorily converted
into equity without any option, and b) the conversion terms are not
specified at ...