FII Flows to India: Nature and Causes

Chakrabarti, R (2001) FII Flows to India: Nature and Causes. Money and Finance, 2 (7).

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Abstract

Since the beginning of liberalization FII flows to India have steadily grown in importance. In this paper we analyze these flows and their relationship with other economic variables and arrive at the following major conclusions: * While the flows are highly correlated with equity returns in India, they are more likely to be the effect than the cause of these returns; * The FIIs do not seem to be at an informational disadvantage in India compared to the local investors; * The Asian Crisis marked a regime shift in the determinants of FII flows to India with the domestic equity returns becoming the sole driver of these flows since the crisis.

ISB Creators:
ISB CreatorsORCiD
Chakrabarti, RUNSPECIFIED
Item Type: Article
Uncontrolled Keywords: FII, India, Asian crisis
Subjects: Business and Management
Depositing User: LRC ISB
Date Deposited: 29 Oct 2014 11:17
Last Modified: 29 Oct 2014 11:17
URI: http://eprints.exchange.isb.edu/id/eprint/64
Publisher URL: http://www.icra.in/Files/MoneyFinance/octdec2001fi...
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