Description |
1 online resource (27 pages) : illustrations |
Series |
IMF working paper ; WP/04/48 |
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IMF working paper ; WP/04/48.
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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 |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
Subject |
Foreign exchange -- India
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Capital movements -- India
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Bank deposits -- India
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Investments, Foreign -- India
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Interest rates -- India
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Bank deposits
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Capital movements
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Foreign exchange
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Interest rates
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Investments, Foreign
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India
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Form |
Electronic book
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Author |
Gupta, Poonam, 1964- author.
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International Monetary Fund. Asia and Pacific Department, issuing body.
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ISBN |
1451893922 |
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9781451893922 |
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1281430013 |
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9781281430014 |
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9781451846768 |
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1451846762 |
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