With increasing liquidity of the Indian sovereign debt market since 1997, it has become possible to estimate the term structure in India. However, the market is characterised by several frictions that cause individual securities to be priced differently from the 'average' pricing in the market. In such a scenario, traditional estimation procedures like… (More)
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Mutual fund companies typically charge investors distribution fees, such as 12b-1 fees in the United States, which they then use to pay commissions to brokers. We evaluate a major Indian investor protection reform that limited the ability of mutual funds to charge distribution fees to pay broker commissions. We identify the impact of this policy change by… (More)
An array of primitive programmable processors has been designed for high throughput reconfigurable signal processing. Each processor retains a primitive instruction set, minimal local storage, and exchanges data with adjacent processors using nearest neighbor communication. Several applications, including an adaptive filter with coefficient update using the… (More)