ISSN 2394-5125
 

Research Article 


PRE AND POST GLOBAL FINANCIAL CRISIS 2008:AN INVESTIGATION INTO INDIAN FINANCIAL MARKETS

Amar Yadav.

Abstract
To examine the impact of Global Financial Crisis of 2008, the study investigated the key role of macroeconomic
variables which are fundamental in nature and their relationship with benchmark stock index of Indian financial
markets, the study used monthly Dec 1995 to July 2019. The empirical analysis started with testing of
stationarity by using ADF unit root tests. After testing for stationarity, the test for selection of optimal lag-length
for econometric analysis done through Akaike information criteria, Bayesian/Schwarz information criteria. The
ARDL bound test for pre and post-crisis-2008 revealed that long-run relationship remained intact between
NIFTY 50 and macroeconomic variables, but the significance of macroeconomic variables changed pre and
post-crisis such as lending interest rates are significant pre-crisis but post-crisis, they become insignificant, but
variables such as foreign institutional investors, foreign exchange remained significant pre and post-crisis.

Key words: ARDL, Global Financial Crisis, Indian Financial Markets, Macroeconomics


 
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Pubmed Style

Amar Yadav. PRE AND POST GLOBAL FINANCIAL CRISIS 2008:AN INVESTIGATION INTO INDIAN FINANCIAL MARKETS. JCR. 2020; 7(4): 1957-1967. doi:10.31838/jcr.07.04.319


Web Style

Amar Yadav. PRE AND POST GLOBAL FINANCIAL CRISIS 2008:AN INVESTIGATION INTO INDIAN FINANCIAL MARKETS. http://www.jcreview.com/?mno=130901 [Access: April 10, 2021]. doi:10.31838/jcr.07.04.319


AMA (American Medical Association) Style

Amar Yadav. PRE AND POST GLOBAL FINANCIAL CRISIS 2008:AN INVESTIGATION INTO INDIAN FINANCIAL MARKETS. JCR. 2020; 7(4): 1957-1967. doi:10.31838/jcr.07.04.319



Vancouver/ICMJE Style

Amar Yadav. PRE AND POST GLOBAL FINANCIAL CRISIS 2008:AN INVESTIGATION INTO INDIAN FINANCIAL MARKETS. JCR. (2020), [cited April 10, 2021]; 7(4): 1957-1967. doi:10.31838/jcr.07.04.319



Harvard Style

Amar Yadav (2020) PRE AND POST GLOBAL FINANCIAL CRISIS 2008:AN INVESTIGATION INTO INDIAN FINANCIAL MARKETS. JCR, 7 (4), 1957-1967. doi:10.31838/jcr.07.04.319



Turabian Style

Amar Yadav. 2020. PRE AND POST GLOBAL FINANCIAL CRISIS 2008:AN INVESTIGATION INTO INDIAN FINANCIAL MARKETS. Journal of Critical Reviews, 7 (4), 1957-1967. doi:10.31838/jcr.07.04.319



Chicago Style

Amar Yadav. "PRE AND POST GLOBAL FINANCIAL CRISIS 2008:AN INVESTIGATION INTO INDIAN FINANCIAL MARKETS." Journal of Critical Reviews 7 (2020), 1957-1967. doi:10.31838/jcr.07.04.319



MLA (The Modern Language Association) Style

Amar Yadav. "PRE AND POST GLOBAL FINANCIAL CRISIS 2008:AN INVESTIGATION INTO INDIAN FINANCIAL MARKETS." Journal of Critical Reviews 7.4 (2020), 1957-1967. Print. doi:10.31838/jcr.07.04.319



APA (American Psychological Association) Style

Amar Yadav (2020) PRE AND POST GLOBAL FINANCIAL CRISIS 2008:AN INVESTIGATION INTO INDIAN FINANCIAL MARKETS. Journal of Critical Reviews, 7 (4), 1957-1967. doi:10.31838/jcr.07.04.319