01856cas a2200253 a 4500 AALejournalIMF002822 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451846768 1018-5941 BD-DhAAL BD-DhAAL Gupta, Poonam. Nonresident Deposits in India : In Search of Return? / Poonam Gupta, James Gordon. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (28 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 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. Mode of access: Internet Gordon, James. IMF Working Papers; Working Paper ; No. 2004/048 Full text available on IMF http://elibrary.imf.org/view/journals/001/2004/048/001.2004.issue-048-en.xml IMF e-Library