Nonresident Deposits in India : In Search of Return? /

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...

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Detaylı Bibliyografya
Yazar: Gupta, Poonam
Diğer Yazarlar: Gordon, James
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 2004.
Seri Bilgileri:IMF Working Papers; Working Paper ; No. 2004/048
Online Erişim:Full text available on IMF
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245 1 0 |a Nonresident Deposits in India :   |b In Search of Return? /  |c Poonam Gupta, James Gordon. 
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490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a 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. 
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700 1 |a Gordon, James. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2004/048 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2004/048/001.2004.issue-048-en.xml  |z IMF e-Library