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Book Cover
E-book
Author Gordon, James, author

Title Nonresident deposits in India : in search of return? / James Gordon and Poonam Gupta
Published [Washington, D.C.] : International Monetary Fund, ©2004

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Description 1 online resource (27 pages) : illustrations
Series IMF working paper ; WP/04/48
IMF working paper ; WP/04/48.
Contents Contents -- I. MOTIVATION AND INTRODUCTION -- II. TRENDS IN NONRESIDENT INDIAN (NRI) DEPOSIT FLOWS -- III. DATA AND METHODOLOGY -- IV. ECONOMETRIC RESULTS -- V. CONCLUSIONS AND SUGGESTIONS FOR FUTURE WORK -- References
Summary This paper analyzes trends in the accumulation of NRI (nonresident Indian) deposits and investigates the determinants of these inflows. It finds that monthly deposit flows have been quite stable since the 1991 crisis; nevertheless, there have been occasions when monthly flows turned negative in the short run, coinciding with adverse domestic or external events. Econometric analysis shows that the NRI deposits are influenced by standard risk and return variables. In particular, NRI deposits respond positively to changes in relative interest rates on NRI deposits and LIBOR; negatively to political and geopolitical uncertainties, such as the government resigning in mid-term, and tensions on India's borders; and negatively to adverse external events, such as the Asian crisis
Bibliography Includes bibliographical references
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Foreign exchange -- India
Capital movements -- India
Bank deposits -- India
Investments, Foreign -- India
Interest rates -- India
Bank deposits
Capital movements
Foreign exchange
Interest rates
Investments, Foreign
India
Form Electronic book
Author Gupta, Poonam, 1964- author.
International Monetary Fund. Asia and Pacific Department, issuing body.
ISBN 1451893922
9781451893922
1281430013
9781281430014
9781451846768
1451846762