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 Faculty Publications 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/. Creator An entity primarily responsible for making the resource Paul, Vinuth; Rajan, Sruthi; K.S., Sujit; Purswani, Geetanjali; Kumara R, Naveen Title A name given to the resource Analyzing the synchronization and causality between Indias financial and business cycle: empirical evidence and policy insights Date A point or period of time associated with an event in the lifecycle of the resource 01-01-2026 Source A related resource from which the described resource is derived International Journal of Emerging Markets;pp.1-16 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.1108/IJOEM-02-2025-0338" target="_blank" rel="noreferrer noopener">https://doi.org/10.1108/IJOEM-02-2025-0338</a> <br /><br /><a href="https://www.scopus.com/pages/publications/105039899267?origin=resultslist" target="_blank" rel="noreferrer noopener">https://www.scopus.com/pages/publications/105039899267?origin=resultslist</a> Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Paul V., Christ University, Bengaluru, India; Rajan S., Christ University, Bengaluru, India; K.S. S., Christ University, Bengaluru, India; Purswani G., Christ University, Bengaluru, India; Kumara R N., Christ University, Bengaluru, India Description An account of the resource Purpose This research aims to develop an aggregate financial cycle for India and understand its interrelationship with the business cycle. To study this relationship, the research focuses on examining the level of synchronization, comovement and leadlag relationship between the aggregate financial cycle and the business cycle of India. Design/methodology/approach The study uses principal component analysis and wavelet transform analysis to develop the aggregate financial cycle and understand its time-frequency characteristics, respectively. Then the study undertakes a three-step econometric analysis to measure the various aspects of the relationship between the financial and business cycles. Findings The study found that the aggregate financial cycle and the Indian business cycle have long-term equilibrating relationships. The comovement and the degree of synchronization between the two cycles are moderate, which shows that the relationship between them is relatively dynamic. Further, the leadlag relationship indicated that the financial cycle often leads the business cycle and not vice versa. Originality/value The research stands out as one of the few works to capture multiple dimensions of the financial market into a single aggregate financial cycle to present a broader picture of an emerging market setting, such as India. This study adds to the literature by systematically investigating the relationship between financial and business cycles over the short-, medium- and long-term horizons. Emerald Publishing Limited Subject The topic of the resource Aggregate financial cycle; Business cycle; Causality; Comovement; Concordance index; Emerging country; Financial interlinkage; Financial market; Financial stability; G0; G1; G4; Indian financial cycle; Lead-lag relationship; Synchronization Publisher An entity responsible for making the resource available Emerald Publishing Relation A related resource ISSN: 17468809; Language A language of the resource English Type The nature or genre of the resource Article Rights Information about rights held in and over the resource Restricted Access; Hardcopy may be available in the library Format The file format, physical medium, or dimensions of the resource online