01686cas a2200253 a 4500 AALejournalIMF002256 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451843866 1018-5941 BD-DhAAL BD-DhAAL Gupta, Poonam. Portfolio Flows Into India : Do Domestic Fundamentals Matter? / Poonam Gupta, James Gordon. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (37 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. The paper shows that portfolio flows are determined by both external and domestic factors. Among external factors, LIBOR and emerging market stock returns are important, while 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. Mode of access: Internet Gordon, James. IMF Working Papers; Working Paper ; No. 2003/020 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/020/001.2003.issue-020-en.xml IMF e-Library