Abstract:The paper aims to find the impact of financial events that occurred in one country on another. Taking the case of the Swiss Franc Unpegging of 2015 in Switzerland, the paper observes its impact on the Indian economy. This is done by studying the information asymmetry and herding behaviour in Indian market on the day of the event. The study uses two sets of data, (i) high frequency data and (ii) 3 years index data of both countries. The Ganger Causality test has been conducted to study the cause and effect rela… Show more
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