Abstract
This paper analyzed the impact of macro and non-macroeconomic factors on the trading volume of the certificate of deposits and commercial paper with regard to India during the monthly period from April 2012 – March 2018 using the quantile regression approach. The results revealed that gross domestic product rate, Consumer Price Index, Economic Policy Uncertainty Index, the Volatility Index, and the Nifty index had a negligible impact on the trading volume of corporate bonds. However, interest rates and exchange rates did not influence the trading volume of corporate bonds. In the other context, gross domestic product rate, Consumer Price Index, interest rates, the Volatility Index, and movements in the Nifty index showed a negligible impact on the trading volume of commercial paper. However, the variations in the trading volume of commercial papers were not explained by exchange rates and Economic Policy Uncertainty Index.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
