Determinants of stock market liquidity - a macroeconomic perspective

dc.contributor.author	Naik, P.
dc.contributor.author	Reddy, Y.V.
dc.date.accessioned	2021-09-28T04:36:19Z
dc.date.available	2021-09-28T04:36:19Z
dc.date.issued	2021
dc.identifier.citation	Macroeconomics and Finance in Emerging Market Economies. NYP; 2021; NYP.	en_US
dc.identifier.uri	https://doi.org/10.1080/17520843.2021.1983705
dc.identifier.uri	http://irgu.unigoa.ac.in/drs/handle/unigoa/6562
dc.description.abstract	This study examines the impact of macroeconomic indicators on the liquidity of the Indian stock market by using the Granger Causality, Vector Auto-Regressive Model, and Impulse Response Functions. Numerous macroeconomic indicators were analysed at monthly and quarterly frequencies for their effect on the liquidity of NIFTY 500 stocks measured across four facets, i.e. depth, breadth, immediacy, and tightness. The study reveals that the tightness facet of liquidity is primarily affected by the indicators and further concludes that higher foreign investment inflows and gold prices impair the aggregate liquidity. In contrast, a surge in money supply strengthens the stock market liquidity.	en_US
dc.publisher	Taylor & Francis	en_US
dc.subject	Commerce	en_US
dc.title	Determinants of stock market liquidity - a macroeconomic perspective	en_US
dc.type	Journal article	en_US
dc.identifier.impf	cs