Analyzing the Impact of Demonetization on the Indian Stock Market: Sectoral Evidence using GARCH Model
On 8th November 2016, the Government of India demonetized its two highest currency notes in the denomination of Rs. 500 and Rs. 1000. The purpose of demonetization was to tackle the corruption and black money prevailing in the country. The stock market is one of the areas which pools a large amount...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Wollongong
2018-07-01
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| Series: | Australasian Accounting, Business and Finance Journal |
| Subjects: | |
| Online Access: | http://ro.uow.edu.au/aabfj/vol12/iss2/7 |