Portfolio Flows Into India: Do Domestic Fundamentals Matter?
IMF Working Papers, January 1, 2003
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- Portfolio Flows Into India: Do Domestic Fundamentals Matter?
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Bibliographic details
- Authors: Poonam Gupta, James P. F. Gordon
- Published: January 1, 2003
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451843866.001
Key Findings
- Flows to India are small compared to other emerging markets.
- Flows to India seem to be relatively less volatile.
- Flows to India seem to be quite resilient.
- Portfolio flows are determined by both external and domestic factors.
- Among external factors, LIBOR and emerging market stock returns are important.
- The primary domestic determinants are the lagged stock return and changes in credit ratings.
- In quantitative terms, both external and domestic factors are found to be about equally important.
Data and Scope
- Frequency: monthly data.
- Pages: 37.
- Series: Working Paper No. 2003/020.
- Volume: 2003.
- Issue: 020.
- DOI: https://doi.org/10.5089/9781451843866.001
- Stock No: WPIEA0202003
- ISBN: 9781451843866
- ISSN: 1018-5941
Authors and Publication
- By. Poonam Gupta, James P. F. Gordon
- Publication date: January 1, 2003
Subjects and Keywords
- Subjects: Balance of payments, Emerging and frontier financial markets, Financial institutions, Financial markets, Financial services, Interbank rates, Portfolio investment, Stock markets, Stocks
- Keywords: Asia and Pacific, Capital flows, Emerging and frontier financial markets, equity flow, equity investment, exchange rate, FII flow, FII inflow, FII investment, flows to India, Global, India, Interbank rates, lagged return, market capitalization, portfolio flows, Portfolio investment, stock market return, Stock markets, Stocks, WP
IMF Working Paper No. 2003/020 — Poonam Gupta and James P. F. Gordon (January 1, 2003).
Content in this bundle
- Portfolio Flows into India: Do Domestic Fundamentals Matter? - WP/03/20