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Patnaik, Ila

Overview
Works: 63 works in 117 publications in 1 language and 597 library holdings
Roles: Author
Classifications: HB1.A2, 332.450954
Publication Timeline
Key
Publications about Ila Patnaik
Publications by Ila Patnaik
Most widely held works by Ila Patnaik
India's experience with capital flows : the elusive quest for a sustainable current account deficit by Ajay Shah( Book )
6 editions published in 2005 in English and held by 36 libraries worldwide
From the early 1990s onwards, India has engaged in policies involving trade liberalisation, strong controls on debt flows, and encouragement for portfolio flows and FDI, under a pegged exchange rate regime. Domestic institutional factors have led to relatively little FDI and substantial portfolio flows. There has been significant tension between capital flows and the currency regime. Many tactical details of the intricate reforms to the capital controls derive from the interlocking relationships between monetary policy, the currency regime and capital flows. In the recent period, pegging has given a capital outflow through reserves accumulation which was larger than the substantial net private capital inflows. In March 2004, difficulties of pegging appear to have led to a near-tripling of the nominal rupee-dollar returns volatility, which has reduced outward capital flows. The goal of the early 1990s - of finding a consistent way to augment investment using current account deficits - has remained elusive
Financial sector modelling : exchange rates and interest rates in the Indian economy by Ila Patnaik( Book )
1 edition published in 2001 in English and held by 26 libraries worldwide
Financial Sector Reform in India Time for a Second Wave? ( file )
1 edition published in 2011 in English and held by 21 libraries worldwide
The Indian currency regime and its consequences by Ila Patnaik( Book )
2 editions published in 2007 in English and held by 18 libraries worldwide
Managing capital flows : the case of India by Ajay Shah( Book )
1 edition published in 2008 in English and held by 17 libraries worldwide
Early warnings of inflation in India by Rudrani Bhattacharya( Book )
1 edition published in 2008 in English and held by 17 libraries worldwide
Interest rate volatility and risk in Indian banking by Ila Patnaik( Book )
6 editions published in 2004 in English and held by 16 libraries worldwide
The easing of controls on interest rates has led to higher interest rate volatility in India. Hence, there is a need to measure and monitor the interest rate exposure of Indian banks. Using publicly available information, this paper attempts to assess the interest rate risk carried by a sample of Indian banks in March 2002. We find evidence of substantial exposure to interest rates
Financial Sector Reform in India : Time for a Second Wave? ( Article )
1 edition published in 2011 in English and held by 16 libraries worldwide
The Indian financial system has changed considerably since the 1990s. Interest rates have been deregulated and new entrants allowed in the banking and the securities business. The Indian equity market has become world-class. New private banks have emerged that are more customer-oriented than the older state-owned banks. Meanwhile, the scale of saving within the economy has expanded considerably, much as in East Asian economies during their high-growth period. This adds to the need for further financial-sector reform. In particular, banks need much greater freedom in asset allocation. While public-sector banks did appear sounder to the public during the 2007/08 crisis due to implicit government backing, they ought to be privatised to improve their governance and minimise the recurrent need for recapitalisation. The remaining obstacles to new entry have to be reduced. Financial inclusion is an important priority and restrictions on microfinance should be avoided. The regulatory and legal framework also needs to be overhauled, consolidating the diverse legislation. While such reforms would improve financial sector efficiency they would also likely have positive spillover effects on the rest of the economy and help sustain rapid growth. This Working Paper relates to the 2011 OECD Economic Survey of India (www.oecd.org/eco/surveys/india)
Does the currency regime shape unhedged currency exposure? by Ila Patnaik( Book )
1 edition published in 2007 in English and held by 16 libraries worldwide
Foreign shareholding : a decomposition analysis by Ajay Shah( Book )
2 editions published in 2010 in English and held by 14 libraries worldwide
With reference to India
Examining the decoupling hypothesis for India by Shruthi Jayaram( Book )
2 editions published in 2009 in English and held by 13 libraries worldwide
Determinants of trade misinvoicing by Ila Patnaik( Book )
1 edition published in 2010 in English and held by 12 libraries worldwide
Foreign investors under stress : evidence from India by Ila Patnaik( Book )
5 editions published between 2012 and 2013 in English and Undetermined and held by 12 libraries worldwide
Emerging market policy makers have been concerned about the financial stability implications offinancial globalization. These concerns are focused on behavior under stressed conditions. Do tailevents in the home country trigger off extreme responses by foreign investors? are foreign investors`fair weather friends'? In this, is there asymmetry between the response of foreign investors to verygood versus very bad days? Do foreign investors have a major impact on domestic markets throughlarge inflows or outflows? are they?big fish in a small pond'? Do extreme events in world marketsinduce extr
The exchange rate regime in Asia : from crisis to crisis ( Book )
1 edition published in 2010 in English and held by 11 libraries worldwide
Monetary policy analysis in an inflation targeting framework in emerging economics : the case of India by Rudrani Bhattacharya( Book )
1 edition published in 2014 in English and held by 6 libraries worldwide
Investment technology of foreign and domestic institutional investors in an emerging market by Ila Patnaik( file )
7 editions published in 2013 in English and Undetermined and held by 6 libraries worldwide
"The literature on the investment technology of foreign versus domestic investors has inconclusive results. This paper revisits the question, with a focus on decomposing portfolio performance into asset allocation and security selection. We document signicant differences in exposure to systematic asset pricing factors between foreign and domestic investors. A quasi-experimental strategy is introduced, for comparing security selection after controlling for differences in asset allocation. Our results show that foreign investors in India do remarkably poorly at security selection"--Abstract
Export versus FDI in services by Rudrani Bhattacharya( Book )
5 editions published between 2010 and 2011 in English and held by 5 libraries worldwide
With reference to Indian software industry
Monetary policy transmission in an emerging market setting by Rudrani Bhattacharya( Computer File )
5 editions published between 2010 and 2011 in English and Undetermined and held by 4 libraries worldwide
Some emerging economies have a relatively ineffective monetary policy transmission owing to weaknesses in the domestic financial system and the presence of a large and segmented informal sector. At the same time, small open economies can have a substantial monetary policy transmission through the exchange rate channel. In order to understand this setting, we explore a unified treatment of monetary policy transmission and exchange rate pass-through. The results for an emerging market, India, suggest that the most effective mechanism through which monetary policy impacts inflation runs through the exchange rate
India's financial globalisation by Ajay Shah( Computer File )
5 editions published between 2010 and 2011 in English and Undetermined and held by 4 libraries worldwide
India embarked on reintegration with the world economy in the early 1990s. At first, a certain limited opening took place emphasising equity flows by certain kinds of foreign investors. This opening has had myriad interesting implications in terms of both microeconomics and macroeconomics. A dynamic process of change in the economy and in economic policy then came about, with a co-evolution between the system of capital controls, macroeconomic policy, and the internationalisation of firms including the emergence of Indian multinationals. Through this process, de facto openness has risen sharply. De facto openness has implied a loss of monetary policy autonomy when exchange rate pegging was attempted. The exchange rate regime has evolved towards greater flexibility
Financial Inclusion, Productivity Shocks, and Consumption Volatility in Emerging Economies by Rudrani Bhattacharya( file )
1 edition published in 2015 in English and held by 0 libraries worldwide
\How does access to finance impact consumption volatility? Theory and evidence from advanced economies suggests that greater household access to finance smooths consumption. Evidence from emerging markets, where consumption is usually more volatile than income, indicates that financial reform further increases the volatility of consumption relative to output. This puzzle is addressed in the framework of an emerging economy model in which households face shocks to trend growth rate, and a fraction of them are financially constrained, with no access to financial services. Unconstrained households can respond to shocks to trend growth by raising current consumption more than the rise in current income. Financial reform increases the share of such households, leading to greater relative consumption volatility. Calibration of the model for pre- and post-financial reform in India provides support for the model's key predictions
 
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Alternative Names
Ila Patnaik
Languages
English (51)
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