FINANCIAL VOLATILITY AND CONVERTIBILITY - SOME METHODOLOGICAL ISSUES

Authors
Citation
S. Marjit et S. Kar, FINANCIAL VOLATILITY AND CONVERTIBILITY - SOME METHODOLOGICAL ISSUES, Economic and political weekly, 33(8), 1998, pp. 401-406
Citations number
13
Categorie Soggetti
Political Science","Planning & Development
ISSN journal
00129976
Volume
33
Issue
8
Year of publication
1998
Pages
401 - 406
Database
ISI
SICI code
0012-9976(1998)33:8<401:FVAC-S>2.0.ZU;2-5
Abstract
This paper tries to build up a simple Index which captures the financi al volatility of an open economy. Judged by this index, a cross-countr y study of 21 developing nations over 1993-95 suggests that Thailand a nd Malaysia, in spite of having strong macro fundamentals, were vulner able to financial crisis. India performs quite well in terms of the in dex. However, we argue that such 'performance' does not justify unfett ered movement of short-term capital.