European Parliament Library

Nonresident Deposits in India :, In Search of Return?, Poonam Gupta, James Gordon

Contributor
Abstract
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
Table Of 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""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (28 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781452737164

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