Theoretical and Applied Economics
No. 1 / 2020 (622), Spring
Financial stress index, growth and price stability in India: Some recent evidence
School of Economics, University of Hyderabad, India
Abstract. This paper examine aggregate financial stress index for India is constructed by taking monthly data from different segments of the financial market like money market, bond market, equity market, foreign exchange market, and the banking sector, for the period March 2007 to December 2016. The interrelationship and feedback effect between financial stress, economic growth and price stability are tested by using correlation and an unrestricted VAR model. The impulse response function of the VAR model shows that financial stress leads to decline in growth after a lag period and higher growth rate for a longer period of time increases stress in the financial system. The variance decomposition result shows that the contribution of FSI to the variation of other variables are not much high but other variables can contribute to the variation in FSI to some extent.
Contents
An approach to the use of cryptocurrencies in Romania using data mining technique
Intellectual property rights, human capital and types of entrepreneurship in emerging and developing countries
Trade relation between India and other BRICS countries: A multidimensional approach using Gravity Model and Granger Causality
Do the macroeconomic indicators influence foreign direct investment inflow? Evidence from India
Conceptual dimensions regarding the financial contagion and the correlation with the stock market in Romania
An analysis of poverty among the informal workers of India
Financial stress index, growth and price stability in India: Some recent evidence
Testing Wagner’s Law for sub-Saharan Africa: A panel cointegration and causality approach
A review of international Fisher’s effect focusing on inflation in Indian context for corporate decisions
Factors that influence wages differences in formal sector on male and female workers in Palembang City
Optimal Taylor rule in the new era central banking perspective
The analysis of the quarterly evolution of the gross domestic product in 2019
The analysis of the international trade of Romania
The Romanian population’s perceptions regarding income inequalities and discrimination