Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Long Memory in the Volatility of Indian Financial Market: An Empirical Analysis Based on Indian Data

Long Memory in the Volatility of Indian Financial Market: An Empirical Analysis Based on Indian Data

Kumar, Dilip

Paperback

Business General

ISBN10: 3954892456
ISBN13: 9783954892457
Publisher: Bod Third Party Titles
Published: Apr 10 2014
Pages: 104
Weight: 0.32
Height: 0.25 Width: 5.83 Depth: 8.27
Language: English
This book examines the long memory characteristics in the volatility of the Indian stock market, the Indian exchange rates and the Indian banking sector. This book also reviews the chain of approaches to estimate the long memory parameter. The long memory characteristics of the financial time series are widely studied and have implications for various economics and finance theories. The most important financial implication is related to the violation of the weak-form of market efficiency which encourages the traders, investors and portfolio managers to develop models for making predictions and to construct and implement speculative trading and investment strategies. In an efficient market, the price of an asset should follow a random walk process in which the price change is unaffected by ist lagged price changes and has no memory.

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