Indira Gandhi Institute of Development Research, Mumbai

Annual Money and Finance Conference

March 11-12, 2010

( Download the PDF Version)

Day 1 :  11 March, Thursday

 9.00 a.m. – 10.00 a.m. :  Registration

10.00 a.m. – 11.30 a.m. : Inaugural Session (Auditorium, IGIDR)

Chair : Dr. Subir Gokarn, Dy. Governor, RBI

Welcome : Dr. D. M. Nachane, Director, IGIDR

Overview : Dr. Rajendra Vaidya, Professor, IGIDR


Keynote address : Prof. Barry Eichengreen, Professor of Economics and Political Science, University of California, Berkeley titled “The Dollar, the International Monetary System, and the Implications for Emerging Markets"

Vote of thanks :  Dr. Jayati Sarkar, IGIDR

11.30 a.m.12.00 noon : Tea break


12.00 noon – 1.30 p.m. :  Parallel Sessions 1


Conference Hall

Seminar Room 1

1 (a) :  Financial Crisis and Fiscal Stimulus

Chair :  Dr. Romar Correa, University of Mumbai

1 (b) Exchange Rate Behvaiour and related issues

Chair : Dr. Avadoot Nadkarni, University of Mumbai

Pelin Berkmen, Gaston Gelos, Robert Rennhack and James P. Walsh (IMF, USA) : The Global Financial Crisis : Explaining Cross-Country Differences in the Output Impact


Jeevan   Kumar  Khundrakpam  and Sitikantha Pattanaik,   (RBI,  Mumbai)  :  Fiscal Stimulus and  Potential Inflationary  Risks : An  Empirical   Assessment  of  Fiscal  Deficit  and  Inflation   Relationship   in   India


Gautam Chopra (Planning Commission, New Delhi) :  Stress Testing Financial Systems :  A Macro Perspective

Suvojit Lahiri Chakravarty, (Ram Lal Anand College, Delhi) : Dollar Peg or Euro Peg? An Application of the Synthesis technique on the Indian rupee


Ritesh Kumar Mishra (University of Delhi) and Chandan Sharma, (FORE School of Management, Delhi) : Real Exchange Rate Behaviour and Optimum Currency Area in East Asia ; Evidence from Generalised Purchasing Power Partiy


Ashima Goyal and Sanchit Arora (IGIDR, Mumbai) : A GARCH Analysis of Exchange Rate Volatility and the Effectiveness of Central Bank Actions


1.30 p.m. – 2.30 p.m. :  Lunch


2.30 – 4.00 :  Parallel Sessions 2


Conference Hall

Seminar Room 1

2(a) Agricultural Credit Delivery I Trends and Issues

Chair :  Dr. R.B. Barman, Adjunct Faculty, AIMSCS, University of Hyderabad

2(b) : Macro Economics propositions and Causality

Chair : Dr. Ashima Goyal, IGIDR

Nirupam Mehrotra (NABARD, Mumbai) : Emerging Patterns in Share of Small Farms in Production and Credit : Implications for Policy Formulation


Samir Samantara (NABARD, Mumbai) & K.C. Badatya (NABARD, Hyderabad) : A Perspective on Agricultural Credit for 2020


K.J.S. Satyasai (NABARD, Mumbai) :  Equity in Indian Agricultural Credit Delivery

Manas Paul (Axis bank, Mumbai) :  A re-look at sectoral linkages in more recent Indian data


Ashutosh Sharma, Abodh Kumar, Neeraj Hatekar (University of Mumbai) :  Causality between Prices, Output and Money in India : An Empirical Investigation in the Frequency Domain


Motilal Bicchal, Naresh Kumar Sharma and Bandi Kamaih (University of Hyderabad) :  Evaluating Core Inflation Measures for India


4.00 p.m. – 4.30 p.m. :  Tea Break


4.30 p.m. – 6.00 p.m. :  Parallel Sessions 3


Conference Hall

Seminar Room 1

3(a) Agricultural Credit Delivery II : Case Studies

Chair : Dr. Srijit Mishra, IGIDR

3(b) Security Market and Policy Issues


Chair :  Dr. Susan Thomas, IGIDR

Nand Kishore, Singh Dalvir, Kumar Sanjay and D.P. Malik (CCS Haryana Agricultural University) : Credit Delivery and Performance of Haryana Gramin Bank in Financing Agriculture


Deepak Shah (Gokhale Institute of Politics and Economics, Pune) :  Agricultural Credit Delivery System in Maharashtra : A Synthesis of Working of RFIs


P. Satish (NABARD, Pune) : Repositioning RRBs as the main arm of the agricultural credit delivery mechanism in India

Rituparna Das (National Law College) :  Indian G-Sec Market : How the Term Structure Reacts to Monetary Policy


Gourishankar S. Hiremath and Bandi Kamaiah (University of Hyderabad) : Non-Linear Dependence in Stock Returns : Evidences from India


Upananda Pani (IIT, Kharagpur) : Dividend Policy and Stock Price Behaviour in Indian Corporate Sector :  A panel data approach



8.15 p.m.  :  Director’s Dinner 

Venue      :  Mural Door, IGIDR



 Day 2 :  12 March, Friday


10.00 a.m. – 11.30 a.m. :  Parallel Sessions 4


Conference Hall

Seminar Room  1

4(a) : Deregulation and Banking Sector Experience I

Chair : Dr. Rupa Rege-Nitsure, Bank of Baroda

4(b) : Asset Pricing and Management


Chair : Dr. S.V.D. Nageswara Rao, IIT, Mumbai

K.V. Bhanu Murthy and Ashis Taru Deb (Delhi University) : Ownership Structure, Regulation and Corporate Governance :  A Study of Private banking in India during 2002-2008.


Santosh Kumar Das (JNU, New Delhi) :  Financial Liberalization and Banking Sector Efficiency :  The Indian Experience


Satish Verma (Guru Nanak Dev University, Punjab) and Rohit Saini (Accord Fintech Pvt. Ltd., Mumbai) :  Impact of  Bank Size on Conduct of Commercial banks in India

K.V. Bhanu Murthy and Amit Kumar Singh (Delhi University) : IPO Market Underpricing or overpricing?”


Joyjit Dhar (Krishnagar Government College, W.B.)  Investment Management of Mutual Funds :  Evidence of Timing and Selectivity from India during 1997-2003


Vikash Gautam (IGIDR) : Asset Sales by Manufacturing Firms in India


11.30 a.m. – 12.00 p.m. :  Tea break


12.00 p.m. – 1.30 p.m. :  Parallel Sessions 5

Conference Hall

Seminar  Room  1

5(a) Deregulation and Banking Sector Experience II

Chair : Dr. S. Bhattacharya, Axis Bank, Mumbai

5(b)  Issues on Growth and Productivity


Chair : Dr. R. Krishnan, IGIDR

Ashis Taru Deb and K.V. Bhanu Nurthy (Delhi University) : Business Group Ownership of banks : Issues and Implications


Sunil Kumar and Rachita Gulati (Guru Nanak Dev University) :  Dynamics of Cost Efficiency in Indian Public Sector Banks :  A Post-deregulation Experience


Basabi Bhattacharya (Jadavpur University and Tanima Niyogi Sinha Roy (South Calcutta Girls College, Kolkata) :  Early Warning System for Systemic banking Crisis in India :  Parametric and Non-parametric approaches

Dr. Kalpana Chandraprakash Satija (Sardar Patel Institute of Economic & Social Research, Ahmedabad) : Financial Sector Reforms in India (FSRI) : Institutional and Legal Aspects


Arpita Ghose and Paramita Roy Biswas (Jadavpur University, Kolkata) :  Nexus between Real Effective Exchange Rate and Total Factor Productivity Growth of Manufacturing Sector : Evidence from a Non-Parametric Approach with Indian Data


Sutapa Das (University of Delhi) and Arpita Ghose (Jadavpur University, Kolkata) : Government Size and Economic Growth in Emerging Market Economics :  A Panel Cointegration Approach



1.30 p.m. – 3.00 p.m.              :            Lunch break


3.00 p.m.                                 :            Valedictory address,  Dr.  V. N.  Pandit,  Vice  Chancellor,  Sri  Sathya  Sai  

                                                             University,  “The Research Agenda :  Some Suggestions”


Chair                                      :            Dr. D.M. Nachane, Director, IGIDR

Vote of thanks                       :            Dr. S. Chandrasekhar, IGIDR