The Fundamental Deviation and the Riddle of Manipulation: A Critical Analysis in the Context of Bangladesh Stock Market Crash in 2010-11

The capital market in Bangladesh does not always act based on the fundamentals. Fundamental means the set of ethics, principles, guidance, various market instruments and well structural set up that helps the stock market for operating well. Structural weakness is a thing which may ruin the market base or fundamentals. But the capital market as part of the economy should function based on the fundamental norms, principles and proper rules and regulations. Otherwise, there may be some detrimental effects on the market. Stock market anomalies bring harm not only to destroy market fundamentals but also to spread manipulation inside the stock market. Moreover, the recent stock market crash in 2010-11 was the biggest shock for the 3.3 million innocent and small investors in the capital market of Bangladesh. A section of greedy investors resorted to manipulation at different levels to cash in on the lack of small investors ’ proper knowledge about market fundamentals. The excessive fraudulent activities of the unscrupulous manipulators just hastened the fall of the market. So, much of the focus of this study has been put on the causes and consequences of the fundamental deviation and the riddle of manipulation based on the relevant facts and figures

Effect of Non-newtonian Behaviour on Fluid Structural Interaction for Flow Through a Model Stenosed Artery

AbstractThe cause and development of many cardiovascular diseases are related to the nature of blood flow and the mechanical behaviour of the blood vessel. Moreover, the plaque (stenosis) rapture can be occurred as a result of interaction between the blood and plaque, leading to the clot formation and stroke. In the present study, the interaction of blood flow with plaque (stenosis) was numerically modelled. A pulsatile flow was used to mimic the real blood flow through the artery. The rheological properties of blood are considered as Newtonian as well as non-Newtonian. Fibrous cap thickness was varied from 0.1mm to 2.0mm. Many vortex rings are appeared at the pre- and post-stenotic region in the Newtonian model than in the non-Newtonian model. Deformation of stenosis, wall shear stress (WSS) and vomises stress all are found high in non-Newtonian model for the fibrous cap thicknesses studied here. Moreover, in Newtonian model, the vonmises stress was found to be 6500 pa for the case of 50% stenosis with 0.1mm fibrous cap thickness on the other hand it was around 10500 pa in case of non-Newtonian model

The Fundamental Deviation and the Riddle of Manipulation: A Critical Analysis in the Context of Bangladesh Stock Market Crash in 2010-11

The capital market in Bangladesh does not always act based on the fundamentals. Fundamental means the set of ethics, principles, guidance, various market instruments and well structural set up that helps the stock market for operating well. Structural weakness is a thing which may ruin the market base or fundamentals. But the capital market as part of the economy should function based on the fundamental norms, principles and proper rules and regulations. Otherwise, there may be some detrimental effects on the market. Stock market anomalies bring harm not only to destroy market fundamentals but also to spread manipulation inside the stock market. Moreover, the recent stock market crash in 2010-11 was the biggest shock for the 3.3 million innocent and small investors in the capital market of Bangladesh. A section of greedy investors resorted to manipulation at different levels to cash in on the lack of small investors’ proper knowledge about market fundamentals. The excessive fraudulent activities of the unscrupulous manipulators just hastened the fall of the market. So, much of the focus of this study has been put on the causes and consequences of the fundamental deviation and the riddle of manipulation based on the relevant facts and figures

The Fundamental Deviation and the Riddle of Manipulation: A Critical Analysis in the Context of Bangladesh Stock Market Crash in 2010-11

The capital market in Bangladesh does not always act based on the fundamentals. Fundamental means the set of ethics, principles, guidance, various market instruments and well structural set up that helps the stock market for operating well. Structural weakness is a thing which may ruin the market base or fundamentals. But the capital market as part of the economy should function based on the fundamental norms, principles and proper rules and regulations. Otherwise, there may be some detrimental effects on the market. Stock market anomalies bring harm not only to destroy market fundamentals but also to spread manipulation inside the stock market. Moreover, the recent stock market crash in 2010-11 was the biggest shock for the 3.3 million innocent and small investors in the capital market of Bangladesh. A section of greedy investors resorted to manipulation at different levels to cash in on the lack of small investors’ proper knowledge about market fundamentals. The excessive fraudulent activities of the unscrupulous manipulators just hastened the fall of the market. So, much of the focus of this study has been put on the causes and consequences of the fundamental deviation and the riddle of manipulation based on the relevant facts and figures. JEL Classification Code: E44, G1

Testing the validity of Wagner's law in four income groups: A dynamic panel data analysis

This study endeavors to examine the validity of Wagner's Law, which has received considerable attention in recent years. We develop a panel dataset of 20 countries, taking five countries from each income group defined by the World Bank, for the 1991–2018 periods. Five different versions of the law are tested using this dataset. We add further depth to the model by involve the government's revenue and the volume of trade as independent variables. We inquire into the subsistence of cross-sectional dependence. To determine the order of integration, we conduct LLC, IPS, and CADF tests. The results show that the dataset has I (0) and I (1) series, and no series is found to be of I (2). Then we perform the panel ARDL test, and calculate PMG and DFE estimates. We use the Hausman test to choose among the estimates. In each version of the law, the error correction term indicates the presence of both long-term associations within the variables and an economic convergence process. However, we find no evidence to support the law for any version. Additionally, we conduct the panel cointegration tests, such as Westerlund, Pedroni and Kao. These cointegration tests generate results accordant with the ARDL findings