1st Edition

India's Emerging Financial Market A Flow of Funds Model

By Tomoe Moore Copyright 2007
208 Pages 7 B/W Illustrations
by Routledge

208 Pages 7 B/W Illustrations
by Routledge

208 Pages 7 B/W Illustrations
by Routledge

In the early 1990s, financial liberalization started in India, and it was thought that such reforms would increase economic growth. This argument formed part of the finance led industrialization hypothesis and although higher growth resulted, higher industrialization did not immediately. This book is the first study to comprehensively apply the flow of funds model for India. Using detailed... Read more

1. Introduction  2. Survey of Asset Demand Functions for Modelling a Flow of Funds  3. Financial Markets and Flow of Funds Matrix in India  4. Data, Model Specification and Estimation Methodology  5. A Flow of Funds Model for the Banking Sector  6. Other Financial Institutions’ Portfolio Behaviour and Policy Implications  7. A Portfolio Approach to Firms’ Financing Decision  8. Portfolio Behaviour in a Flow of Funds Model for the Household Sector in India  9. Financial Liberalization and Policy Simulation Experiments  10. Financial Sector Reforms and Stochastic Policy Simulations  11. Conclusion

Biography

Tomoe Moore is a senior Lecturer of Economics and Finance at Coventry University, UK.  Her main research interest lies in the development of finance, and she has published in leading journals including Journal of Comparative Economics, Economic Development and Cultural Change, Journal of Development Studies and Review of Development Economics.