{
  "title": "Portfolio Flows Into India: Do Domestic Fundamentals Matter?",
  "publication": "IMF Working Papers, January 1, 2003",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/30/portfolio-flows-into-india-do-domestic-fundamentals-matter-16255",
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  "summary": "This paper analyzes the factors affecting portfolio equity flows into India using monthly data. Flows to India are small compared to other emerging markets, but seem to be relatively less volatile. They also seem to be quite resilient.",
  "sections": [
    {
      "heading": "Key Findings",
      "content": "- Flows to India are small compared to other emerging markets.\n- Flows to India seem to be relatively less volatile.\n- Flows to India seem to be quite resilient.\n- Portfolio flows are determined by both external and domestic factors.\n- Among external factors, LIBOR and emerging market stock returns are important.\n- The primary domestic determinants are the lagged stock return and changes in credit ratings.\n- In quantitative terms, both external and domestic factors are found to be about equally important."
    },
    {
      "heading": "Data and Scope",
      "content": "- Frequency: monthly data.\n- Pages: 37.\n- Series: Working Paper No. 2003/020.\n- Volume: 2003.\n- Issue: 020.\n- DOI: https://doi.org/10.5089/9781451843866.001\n- Stock No: WPIEA0202003\n- ISBN: 9781451843866\n- ISSN: 1018-5941"
    },
    {
      "heading": "Authors and Publication",
      "content": "- By. Poonam Gupta, James P. F. Gordon\n- Publication date: January 1, 2003"
    },
    {
      "heading": "Subjects and Keywords",
      "content": "- Subjects: Balance of payments, Emerging and frontier financial markets, Financial institutions, Financial markets, Financial services, Interbank rates, Portfolio investment, Stock markets, Stocks\n- 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\n\nIMF Working Paper No. 2003/020 — Poonam Gupta and James P. F. Gordon (January 1, 2003).\n\n---\n\n Content in this bundle\n\n- Portfolio Flows into India: Do Domestic Fundamentals Matter? - WP/03/20\n  - Portfolio Flows into India: Do Domestic Fundamentals Matter? - WP/03/20 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Portfolio Flows into India: Do Domestic Fundamentals Matter? - WP/03/20 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/30/portfolio-flows-into-india-do-domestic-fundamentals-matter-16255"
    }
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    "Authors: Poonam Gupta, James P. F. Gordon",
    "Published: January 1, 2003",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451843866.001",
    "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.",
    "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",
    "By. Poonam Gupta, James P. F. Gordon",
    "Publication date: January 1, 2003",
    "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",
    "**Portfolio Flows into India: Do Domestic Fundamentals Matter? - WP/03/20**"
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