Research

Working Papers

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https://www.ccilindia.com/documents/d/ccil/WP014 Modelling Issues in Efficient Term Structure Estimation- A Study of the Indian Government Securities Market (2)-pdf Term Structure of Interest rate estimation, Zero Coupon Yield Curve, Nelson Siegel Model, Bond Pricing, Optimization WP/014 Modelling Issues in Efficient Term Structure Estimation: A Study of the Indian Government Securities Market Golaka C Nath, Vardhana Pawaskar, Sahana Rajaram, Manoel Pacheco & Ritesh Bagade 06-Jan-2021
https://www.ccilindia.com/documents/d/ccil/WP013_Revisiting_The_Theory_Of_Interest_Rate_Determinants_In_India-pdf Interest Rate Evolution, Bond interest rates, GMM WP/013 Revisiting The Theory Of Interest Rate Determinants In India Golaka C Nath, Vardhana Pawaskar, Debajyoti Das, Ritesh Bagade & Pravin Shinde 05-Jan-2021
https://www.ccilindia.com/documents/d/ccil/WP012_SOFR Index-A Plausible Tool For Computing the Modified MIFOR Curve in India_12-pdf Covered Interest Rate Parity, Market Design, Interest rates, Banks, Non-Banks, LIBOR transition, Benchmark rate, MIFOR Curve, Index WP/012 SOFR Index-A Plausible Tool For Computing the Modified MIFOR Curve in India Golaka C Nath & Manoel Pacheco 19-Nov-2020
https://www.ccilindia.com/documents/d/ccil/WP011_Impact of LIBOR transition on MIFOR Benchmark_Sep_2020_version 2-pdf Covered Interest Rate Parity, Market Design, Interest rates, Banks, Non-Banks, LIBOR transition, Benchmark rate, MIFOR Curve WP/011 Impact of LIBOR Transition on MIFOR Benchmark (Version 2) Golaka C Nath & Manoel Pacheco 22-Sep-2020
https://www.ccilindia.com/documents/d/ccil/WP010_Microstructure_Of_Sub-Sovereign_Bond_Spreads_The_Case_Of_Federal_State_Bonds_In_India-pdf Interest Rate, Debt management, State Borrowing, Asset pricing, Bond interest rates WP/010 Microstructure Of Sub-Sovereign Bond Spreads The Case Of Federal State Bonds In India Golaka C Nath, Vardhana Pawaskar & Priyanka Shiraly 25-Nov-2019
https://www.ccilindia.com/documents/d/ccil/WP009_Testing the Expectations Hypothesis and Explaining The Determinents of Term Premia-pdf Expectations Hypothesis, VECM, Long Run Restrictions, Exogeneity Test, Granger Causality, Term Premia, Risk Factors, Multiple Partial Least Squares WP/009 Testing the Expectations Hypothesis and Explaining The Determinents of Term Premia Golaka C Nath, Manoj Dalvi, Vardhana Pawaskar & Manoel Pacheco 01-Nov-2019
https://www.ccilindia.com/documents/d/ccil/WP008_Empirical_Analysis_of_Efficiency_in_Indian_Gold_Futures_Market_8-pdf Gold futures, market efficiency, price discovery, vector error correction model, Gonzalo Granger statistic, optimal hedge ratio WP/008 An Empirical Analysis of Efficiency in the Indian Gold Futures Market Golaka C Nath, Manoj Dalvi, Vardhana Pawaskar, Sahana Rajaram & Manoel Pacheco 01-Oct-2018
https://www.ccilindia.com/documents/d/ccil/WP007_Repo_Market_And_MROR_As_Collateralized_Benchmark_Rate_7-pdf Market Repo, Liquidity, T-Test, Spreads, Call Money Market, Anonymous Trading, Lending, Borrowing WP/007 Repo Market And MROR As Collateralized Benchmark Rate Golaka C Nath 01-Aug-2018
https://www.ccilindia.com/documents/d/ccil/WP006_MIBOR-OIS_A_Concept_Note_On_Methodology_6-pdf Benchmark, OTC Derivatives, OIS Curve, T-Bill, Spreads, Anonymous Trading WP/006 MIBOR-OIS Curve A Concept Note On Methodology Golaka C Nath 02-Jul-2018
https://www.ccilindia.com/documents/d/ccil/WP005_Estimation_Of_A_Benchmark_CD_Curve_5-pdf Certificate of Deposits, T-Bills, Spread, Tenors, Regression, Efficiency WP/005 Estimation Of A Benchmark Certificate of Deposit (CD) Curve Golaka C Nath & Manoel Pacheco 01-Jun-2018
https://www.ccilindia.com/documents/d/ccil/WP004_Estimation_Of_Benchmark_Treasury_Bills_Curve_4-pdf T-Bills, Spread, Tenors, Regression, Efficiency WP/004 Estimation Of Benchmark Treasury Bills Curve Golaka C Nath & Manoel Pacheco 02-May-2018
https://www.ccilindia.com/documents/d/ccil/WP003_Methodology_For_Computation_Of_Benchmark_Forward_Premia_and_MIFOR_Curve_3-pdf Forward Premia, Benchmark, Fx-Swaps, Year-end Turn, Two Sample T-Test, Distribution Analysis, LIBOR WP/003 Methodology For Computation Of Benchmark Forward Premia and MIFOR Curve Golaka C Nath, Sahana Rajaram & Manoel Pacheco 02-Apr-2018
https://www.ccilindia.com/documents/d/ccil/WP002_Designing_An_Unbiased_Reference_Rate_2-pdf Central Bank, Simulation, Reference Rate, Efficiency WP/002 Designing An Unbiased Reference Rate Golaka C Nath 01-Mar-2018
https://www.ccilindia.com/documents/d/ccil/WP001_MIBOR_Benchmark_Calculation_and_Methodology_1-pdf Central Bank, Simulation, Reference Rate, Efficiency WP/001 MIBOR Benchmark Calculation and Methodology Golaka C Nath 01-Feb-2018