Page 59 - IILMGSM Journal_Management Perspective

Panel C: Sub Period 2000 – 2004

Variables Eigenvalue Likelihood Variables Eigenvalue Likelihood Variables Eigenvalue Likelihood
ratio ratio ratio
CM –CP
CM –CD 0.409260 29.69586** CP- DR 0.148953 9.752939 MIBOR-NIFTY 0.104095 7.430692
CM – MIBOR
CM – TBILL 0.242233 16.92554* CP - NIFTY 0.085497 9.211430 MIBOR-ER 0.149079 11.19136
CM- PLR
CM – DR 0.294454 22.18419** CP –ER 0.129121 11.06479 TBILL-PLR 0.167817 13.47128
CM - NIFTY 0.332442 23.66676** CD – MIBOR 0.303728
CM – ER 21.87532** TBILL-DR 0.214654 14.56625
CP-CD
CP – MIBOR 0.232475 18.49669* CD-TBILL 0.206767 14.94312 TBILL-NIFTY 0.092442 6.667718
CP- TBILL
CP- PLR 0.239969 16.11858* CD - PLR 0.322933 23.11990** TBILL-ER 0.134849 9.951467

0.096681 7.309383 CD – DR 0.227836 15.22519 PLR-DR 0.145081 9.365361

0.122274 9.612312 CD – NIFTY 0.137353 9.638584 PLR-NIFTY 0.077716 4.509513

0.400531 29.14494** CD- ER 0.234570 16.18484* PLR-ER 0.125518 8.131773

0.465609 35.32332** MIBOR – TBILL 0.191035 13.67379 DR-NIFTY 0.217849 17.15279*

0.197392 13.68437 MIBOR- PLR 0.247452 18.30230* DR-ER 0.301048 24.65249**

0.251169 17.55484* MIBOR- DR 0.257104 17.45934* NIFTY-ER 0.155672 9.023814