Title: Capital market integration in a post crisis era: the case of India

Authors: David Gray

Addresses: Lincoln Business School, Faculty of Business and Law, The University of Lincoln, Brayford Pool, Lincoln LN6 7TS, UK

Abstract: Since the collapse of Lehman Brothers, the co-dynamics of the Rupee and the India stock exchange index, the Senex, have altered. Although emerging markets could have been shielded from the vagaries of financial flows that have plagued the developed world, it is shown that, in the post financial era, rather than a decoupling, India has been integrated further into global capital markets.

Keywords: contagion; capital markets; market integration; spectral analysis; India; exchange rates; stock exchange; emerging markets; financial flows; financial crisis.

DOI: 10.1504/GBER.2013.056647

Global Business and Economics Review, 2013 Vol.15 No.4, pp.350 - 370

Published online: 30 Oct 2013 *

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