Economics - Publications

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https://dspace.uohyd.ac.in/handle/1/21

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Browsing Economics - Publications by Author "Bandi, Kamaiah"
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    On the Dynamics of Inflation-Stock Returns in India
    ( 2018-03-01) Bhandari, Avishek ; Bandi, Kamaiah
    In this paper, an attempt is made to examine the relationship between inflation and stock returns in India using spectral and time-frequency methods. Scale specific relation between inflation and stock returns is unraveled, allowing us to capture the relationship at varying investment horizons. The results based on monthly data from 1994:5 to 2014:11, obtained using spectral and wavelet techniques, reveal that there exist no significant pro-cyclical interdependencies between inflation and stock returns, implying that stock returns is no longer an adequate hedge against inflation.
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    Time-varying nature of stock market interdependence a global perspective
    ( 2020-03-28) Bhandari, Avishek ; Bandi, Kamaiah
    In the literature on global market integration, the strength of interdependence has been measured in different ways. However, only an accurate measure of strength of interdependence helps in understanding the nature of integration among markets. This article, by employing novel time-frequency based wavelet techniques, analyses the interdependence of global equity markets from a heterogeneous investor perspective, with a special focus on the Indian stock market. With the wavelet framework effectively capturing the heterogeneity of market participants' space of operation, an analysis grounded in this framework allows one to capture information from a different dimension than the traditional time domain analyses, where the multiscale structures of financial markets are clearly extracted.