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Market Volatility, Manipulation, and Regulatory Response: A Comparative Study of Bombay and Karachi Stock Markets

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  • Jamshed Y. Uppal

    (Department of Business and Economics, Catholic University of America, Washington, DC)

  • Inayat U. Mangla

    (, Haworth College of Business, Western Michigan University, Kalamazoo, Michigan.)

Abstract

No abstract is available for this item.

Suggested Citation

  • Jamshed Y. Uppal & Inayat U. Mangla, 2006. "Market Volatility, Manipulation, and Regulatory Response: A Comparative Study of Bombay and Karachi Stock Markets," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 45(4), pages 1071-1083.
    • Handle: RePEc:pid:journl:v:45:y:2006:i:4:p:1071-1083
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    References listed on IDEAS

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    1. De Long, J Bradford, et al, 1990. "Positive Feedback Investment Strategies and Destabilizing Rational Speculation," Journal of Finance, American Finance Association, vol. 45(2), pages 379-395, June.
    2. Jegadeesh, Narasimhan & Subrahmanyam, Avanidhar, 1993. "Liquidity Effects of the Introduction of the S&P 500 Index Futures Contract on the Underlying Stocks," The Journal of Business, University of Chicago Press, vol. 66(2), pages 171-187, April.
    3. Ashima Goyal, 2006. "Regulation and Deregulation of the Stock Market in India," Chapters, in: M. Ramesh & Michael Howlett (ed.), Deregulation and its Discontents, chapter 9, Edward Elgar Publishing.
    4. Kaushik Bhattacharya & Nityananda Sarkar & Debabrata Mukhopadhyay, 2003. "Stability of the day of the week effect in return and in volatility at the Indian capital market: a GARCH approach with proper mean specification," Applied Financial Economics, Taylor & Francis Journals, vol. 13(8), pages 553-563.
    5. Bollerslev, Tim, 1986. "Generalized autoregressive conditional heteroskedasticity," Journal of Econometrics, Elsevier, vol. 31(3), pages 307-327, April.
    6. Kane, Edward J, 1988. "Interaction of Financial and Regulatory Innovation," American Economic Review, American Economic Association, vol. 78(2), pages 328-334, May.
    7. Venkat Eleswarapu & Chandrasekar Krishnamurti, 1995. "Do `speculative traders' increase Stock Price Volatility? Empirical evidence from the Bombay Stock Exchange," Finance 9507006, University Library of Munich, Germany.
    8. Khwaja, Asim Ijaz & Mian, Atif, 2005. "Unchecked intermediaries: Price manipulation in an emerging stock market," Journal of Financial Economics, Elsevier, vol. 78(1), pages 203-241, October.
    9. Stiglitz, J.E., 1989. "Using Tax Policy To Curb Speculative Short-Term Trading," Papers t2, Columbia - Center for Futures Markets.
    10. Berkman, Henk & Eleswarapu, Venkat R., 1998. "Short-term traders and liquidity: a test using Bombay Stock Exchange data," Journal of Financial Economics, Elsevier, vol. 47(3), pages 339-355, March.
    11. Engle, Robert F, 1982. "Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation," Econometrica, Econometric Society, vol. 50(4), pages 987-1007, July.
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    Cited by:

    1. Maxim, Maruf Rahman & Ashif, Abu Sadat Muhammad, 2017. "A new method of measuring stock market manipulation through structural equation modeling (SEM)," MPRA Paper 82891, University Library of Munich, Germany.
    2. Mauck, Nathan & Pruitt, Stephen & Zhang, Wenjia, 2022. "Words matter: Market responses to changes in U.S. and Chinese trade-related internet search frequency under different U.S. administrations," Global Finance Journal, Elsevier, vol. 53(C).
    3. Siddiqi, Hammad, 2009. "Information Transmission and Micro-structure rents in Emerging Markets," MPRA Paper 15452, University Library of Munich, Germany.
    4. Jamshed Y. Uppal & Inayat U. Mangla, 2018. "Role of Financial Services in Economic Growth: Policy Implications for Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 23(2), pages 69-108, July-Dec.

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