Regulatory Response to Market Volatility and Manipulation: A Case Study of Mumbai and Karachi Stock Exchanges

@article{Uppal2006RegulatoryRT,
  title={Regulatory Response to Market Volatility and Manipulation: A Case Study of Mumbai and Karachi Stock Exchanges},
  author={Jamshed Y. Uppal and Inayat Ullah Mangla},
  journal={Lahore Journal of Economics},
  year={2006},
  volume={11},
  pages={79-105}
}
This study examines the regulatory intervention in India and Pakistan in response to episodes of excessive market volatility and manipulation and its effectiveness in achieving declared objectives. Our empirical analysis indicates that while the Indian regulatory agencies seem to have achieved their objectives in curtailing manipulative and speculative behavior, there appears to be little impact on such behavior in the case of the Karachi Stock Exchange. Significant differences in the… 

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