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Patnaik, Ila

Overview
Works: 50 works in 83 publications in 1 language and 394 library holdings
Classifications: HG3881.5.I58, 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 64 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"--National Bureau of Economic Research web site
Interest rate volatility and risk in Indian banking by Ila Patnaik( Book )
6 editions published in 2004 in English and held by 27 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
India's financial globalisation by Ajay Shah( file )
5 editions published between 2010 and 2011 in English and held by 24 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
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 24 libraries worldwide
Managing capital flows : the case of India by Ajay Shah( Book )
4 editions published in 2008 in English and held by 21 libraries worldwide
From the early 1990s, India embarked on easing capital controls. Liberalization emphasized openness towards equity flows, both FDI and portfolio flows. In particular, there are few barriers in the face of portfolio equity flows. In recent years, a massive increase in the value of foreign ownership of Indian equities has come about, largely reflecting improvements in the size, liquidity and corporate governance of Indian firms. While the system of capital controls appears formidable, the de facto openness on the ground is greater than is apparent, particularly because of the substantial enlargement of the current account. These changes to capital account openness were not accompanied by commensurate monetary policy reform. The monetary policy regime has consisted essentially of a pegged exchange rate to the US dollar throughout. Increasing openness on the capital account, coupled with exchange rate pegging, has led to a substantial loss of monetary policy autonomy. The logical way forward now consists of bringing the de jure capital controls up-to-date with the de facto convertibility, and embarking on reforms of the monetary policy framework so as to shift the focus of monetary policy away from the exchange rate to domestic inflation
Export versus FDI in services by Rudrani Bhattacharya( Computer File )
5 editions published between 2010 and 2011 in English and held by 19 libraries worldwide
In the literature on exports and investment, most productive firms are seen to invest abroad. In the Helpman et al. (2004) model, costs of transportation play a critical role in the decision about whether to serve foreign customers by exporting, or by producing abroad. We consider the case of tradable services, where the marginal cost of transport is near zero. We argue that in the purchase of services, buyers face uncertainty about product quality, especially when production is located far away. Firm optimisation then leads less productive firms to self-select themselves for FDI. We test this prediction with data from the Indian software industry and find support for it
The investment technology of foreign and domestic institutional investors in an emerging market by Ila Patnaik( file )
3 editions published in 2013 in English and held by 18 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
Early warnings of inflation in India by Rudrani Bhattacharya( Book )
1 edition published in 2008 in English and held by 17 libraries worldwide
The Indian currency regime and its consequences by Ila Patnaik( Book )
1 edition published in 2007 in English and held by 16 libraries worldwide
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
Monetary policy transmission in an emergingmarket setting by Ila Patnaik( file )
2 editions published in 2011 in English and held by 13 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 exchangerate pass-through. The results for an emerging market, India, suggest that the most effective mechanism through which monetary policy impacts inflation runs through th
Determinants of trade misinvoicing by Ila Patnaik( Book )
1 edition published in 2010 in English and held by 12 libraries worldwide
Foreign shareholding : a decomposition analysis by Ajay Shah( Book )
1 edition published in 2010 in English and held by 12 libraries worldwide
With reference to India
The exchange rate regime in Asia : from crisis to crisis ( Book )
1 edition published in 2010 in English and held by 11 libraries worldwide
Examining the decoupling hypothesis for India by Shruthi Jayaram( Book )
1 edition published in 2009 in English and held by 11 libraries worldwide
Foreign investors under stress : evidence from India by Ila Patnaik( Computer File )
4 editions published between 2012 and 2013 in English and held by 10 libraries worldwide
Financial Sector Reform in India Time for a Second Wave? ( Article )
1 edition published in 2011 in English and held by 10 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)
Monetary policy transmission in an emerging market setting by Rudrani Bhattacharya( Computer File )
1 edition published in 2011 in English and held by 9 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
Foreign Investors Under Stress by Ila Patnaik( file )
1 edition published in 2013 in English and held by 9 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
Consumption, fiscal policy and endogenous growth : the case of India by Ila Patnaik( Book )
3 editions published in 1995 in English and Undetermined and held by 4 libraries worldwide
 
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Alternative Names
Ila Patnaik
Languages
English (48)
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