Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Articles Article Faculty Publications -Articles Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Long memory investigation during demonetization in India Subject The topic of the resource Bubble; Demonetization; Herd behavior; Joseph Effect; Noah Effect Description An account of the resource Long-range dependence (LRD) in financial markets remains a key factor in determining whether there is market memory, herding traces, or a bubble in the economy. Usually referred to as 'Long Memory', LRD has remained a key parameter even today since the mid-1970s. In November 2016, a sudden and drastic demonetization measure took place in the Indian market, aimed at curbing money laundering and terrorist funding. This study is an attempt to identify market behavior using long-range dependence during those few days in demonetization. Besides, it tries to identify nascent traces of bubble and embedded herding during that time. Auto Regressive Fractionally Integrated Moving Average (ARFIMA) is used for three consecutive days around the event. Tick-by-tick data from CNX Nifty High Frequency Trading (CNX Nifty HFT) is used for three consecutive days around demonetization (approximately, 5000 data points from morning trading sessions on each of the three days). The results show a clear and profound presence of herd behavior in all three data sets. The herd intensity remained similar, indicating a unique mixture of both 'Noah Effect' and 'Joseph Effect', proving a clear regime switch. However, the results on the event day show stable and prominent herding. Mandelbrot's specified effects were tested on an uncertain and sudden financial event in India and proved to function perfectly. Bikramaditya Ghosh, Saleema J. S., Aniruddha Oak, Manu K. S., Sangeetha R., 2020. Creator An entity primarily responsible for making the resource Ghosh B.; Saleema J.S.; Oak A.; Manu K.S.; Sangeetha R. Source A related resource from which the described resource is derived Investment Management and Financial Innovations, Vol-17, No. 2, pp. 297-307. Publisher An entity responsible for making the resource available LLC CPC Business Perspectives Date A point or period of time associated with an event in the lifecycle of the resource 2020-01-01 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.21511/imfi.17(2).2020.23" target="_blank" rel="noreferrer noopener">https://doi.org/10.21511/imfi.17(2).2020.23</a> <br /><br /><a href="https://www.scopus.com/inward/record.uri?eid=2-s2.0-85090214135&amp;doi=10.21511%2Fimfi.17%282%29.2020.23&amp;partnerID=40&amp;md5=a166b33a0160e6b314a6c35cd6be1858" target="_blank" rel="noreferrer noopener">https://www.scopus.com/inward/record.uri?eid=2-s2.0-85090214135&amp;doi=10.21511%2fimfi.17%282%29.2020.23&amp;partnerID=40&amp;md5=a166b33a0160e6b314a6c35cd6be1858</a> Rights Information about rights held in and over the resource All Open Access; Gold Open Access Relation A related resource ISSN: 18104967 Format The file format, physical medium, or dimensions of the resource Online Language A language of the resource English Type The nature or genre of the resource Article Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Ghosh B., Institute of Management, Christ University, India; Saleema J.S., Department of Computer Science, Christ University, India; Oak A., Institute of Management, Christ University, India; Manu K.S., Department of Management Studies, Christ University, India; Sangeetha R., Department of Management Studies, Christ University, India