alexa Interlinkages in Asia-Pacific Non-Deliverable Forward (
ISSN: 2168-9458

Journal of Stock & Forex Trading
Open Access

OMICS International organises 3000+ Global Conferenceseries Events every year across USA, Europe & Asia with support from 1000 more scientific Societies and Publishes 700+ Open Access Journals which contains over 50000 eminent personalities, reputed scientists as editorial board members.

Open Access Journals gaining more Readers and Citations

700 Journals and 15,000,000 Readers Each Journal is getting 25,000+ Readers

This Readership is 10 times more when compared to other Subscription Journals (Source: Google Analytics)

Research Article

Interlinkages in Asia-Pacific Non-Deliverable Forward (NDF) Markets (A Comparison between Pre and Post Currency Futures Era)

Saravanan A1* and Velmurugan PS2

1Department of Commerce, School of Management, Pondicherry University, Puducherry, India

2Fulbright Postdoctoral Fellow (USA), Department of Commerce, School of Management, Pondicherry University, Puducherry, India

*Corresponding Author:
Saravanan A
Research Scholar, Department of Commerce
School of Management, Pondicherry University
Puducherry, India
Tel: 0413-2655179
E-mail: [email protected]

Received Date: November 12, 2014; Accepted Date: February 25, 2015; Published Date: March 04, 2015

Citation: Saravanan A, Velmurugan PS (2015) Interlinkages in Asia-Pacific Non- Deliverable Forward (NDF) Markets (A Comparison between Pre and Post Currency Futures Era). J Stock Forex Trad 4:143. doi: 10.4172/2168-9458.1000143

Copyright: © 2015 Saravanan A, et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

 

Abstract

This paper examines the inter-linkages in Asia Pacific, currency market before and after the introduction of currency futures in India using simple correlation and Granger causality tests. It is found that inter-linkages among Asia- pacific markets have increased after the emergence of currency future, and Asia-Pacific NDF markets are closely linked with one another. Further, Indonesian market does not seem to have any influence on the other Asia-Pacific markets except India and similarly is not much affected by any market other than the China, India and Philippines. Vietnam market seems to be isolated from the region. Indonesia market appears to dominate other markets in the region and its effect on them is even greater than that of China. All eight Asia-Pacific markets affect one another and their effects are transmitted within three days in most of the cases.

Keywords

Share This Page

Additional Info

Loading
Loading Please wait..
 
Peer Reviewed Journals
 
Make the best use of Scientific Research and information from our 700 + peer reviewed, Open Access Journals
International Conferences 2017-18
 
Meet Inspiring Speakers and Experts at our 3000+ Global Annual Meetings

Contact Us

 
© 2008-2017 OMICS International - Open Access Publisher. Best viewed in Mozilla Firefox | Google Chrome | Above IE 7.0 version
adwords