ItemArticle

Indias credit growth and asset prices movements; Does the global financial cycle have a moderating role to play?; [Evoluci del crecimiento del crito y de los precios de los activos en la India; Desempe el ciclo financiero mundial un papel moderador?]

Title
Indias credit growth and asset prices movements; Does the global financial cycle have a moderating role to play?; [Evoluci del crecimiento del crito y de los precios de los activos en la India; Desempe el ciclo financiero mundial un papel moderador?]
Creator
Malhotra, Shikha
Description
This study examines the effect of the global financial cycle on different financial indicators of the Indian economy through experimental analysis. It detects evidence of a connection between contemporaneous changes in capital flows, asset prices, and credit growth, which are related to the Global Financial Cycle (GFCy). The evolution of the cycle is largely driven by the monetary policy decisions of the Federal Reserve, and existing studies have examined the influence of these decisions in different contexts. The current study experimentally examines the effect of the global financial cycle on credit growth and asset prices in India during the period 2010-2023. For the purpose of achieving its goals, the study utilizes advanced time-series econometric techniques, such as the Granger Causality Test, Vector Autoregression (VAR) methodology, and the Impulse Response Function (IRF) test. The outcomes show that the global financial cycle has significant effects on the stock market, as confirmed by the Granger causality and IRF findings. 2019 Universidad Nacional Automa de Mico, Facultad de Contadur y Administraci. This is an open access article under the CC BY-NC-SA (https://creativecommons.org/licenses/by-nc-sa/4.0/)
Source
Contaduria y Administracion;Volume;71;Issue;3;Article No.;e574;
Date
01-01-2026
Publisher
Universidad Nacional Autonoma de Mexico
Subject
asset prices; emerging economy; financial markets; global financial cycle; vector autoregression
Coverage
Malhotra S., Christ University, India
Rights
All Open Access; Gold Open Access; Green Open Access
Relation
ISSN: 1861042;
Format
online
Language
English
Type
Article

Citation

Malhotra, Shikha, “Indias credit growth and asset prices movements; Does the global financial cycle have a moderating role to play?; [Evoluci del crecimiento del crito y de los precios de los activos en la India; Desempe el ciclo financiero mundial un papel moderador?],” CHRIST (Deemed To Be University) Institutional Repository, accessed June 19, 2026, https://archives.christuniversity.in/items/show/23404.

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