How Do Extreme Global Shocks Affect Foreign Portfolio Investment? An Event Study for India

Anick Yaha, Nirvikar Singh and Jean Paul Rabanal ()

Emerging Markets Finance and Trade, 2017, vol. 53, issue 8, 1923-1938

Abstract: Foreign portfolio flows in and out of India are relevant for policymakers, and are often portrayed in the media as having a destabilizing effect on the domestic market. We use an event study approach to examine whether extreme global shocks trigger abnormal responses in foreign equity flows in and out of India, or abnormal responses in the Indian stock market. We do not find strong evidence of abnormal responses, even for the case of the global crisis of 2008.

Date: 2017
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://hdl.handle.net/10.1080/1540496X.2016.1204599 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: How Do Extreme Global Shocks Affect Foreign Portfolio Investment? An Event Study for India (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:emfitr:v:53:y:2017:i:8:p:1923-1938

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MREE20

DOI: 10.1080/1540496X.2016.1204599

Access Statistics for this article

More articles in Emerging Markets Finance and Trade from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().