Indira Gandhi Institute of Development Research, Mumbai


Money and Finance Conference

February 25-26, 2011

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Day 1:  25 February, Friday


8.30 a.m. – 9.30 a.m.:  Registration


9.30 a.m. – 11.00 a.m.: Inaugural Session


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


Welcome and Overview        :           Dr. S. Mahendra Dev, Director, IGIDR


Keynote address                    :           Dr.  Adam Posen, External Member, Monetary Policy 

Committee, Bank of England titled “Democracies, Real Wage Growth and Global Imbalances".


Chairman’s remarks            



11.00 a.m. – 11.30 a.m.: Tea break


11.30 a.m. – 1.00 p.m.:  Session 1 & 2


Conference Hall

Session 1

Seminar Room 1

Session 2

 Supply Shocks and Inflation

Chair :  (Dr. Romar Correa, University of Mumbai)

Issues in Foreign Direct Investment

Chair : (Dr. Avadoot Nadkarni, University of Mumbai)

Motilal Bicchal and Naresh Kumar Sharma ( University of Hyderabad)  : Measuring Core Inflation in India : An application of Asymmetric-Trimmed Mean Approach

K.V. Bhanumurthy and Manoj Kumar Sinha (University of Delhi) : “Dominance and Concentration of FDI: A Cross Country Analysis”

Prasanna V. Salian (Indian Economic Service, New Delhi) and Gopakumar K (Faculty, BIET-MBA Programme, Davangere, Karnataka) : Inflation and Economic Growth in India – An Empirical Analysis

Smruti Ranjan Behera and Yashobanta Parida (University of Delhi) : Technology Spillovers and Determinants of Foreign Direct Investment: Evidence across Indian Manufacturing Industries

Ashima Goyal and Shruti Tripathi (IGIDR) : Extracting Information on Inflation from Consumer and Wholesale Prices and the NKE Aggregate Supply Curve 

Sanjaya Kumar Malik (Centre for Development Studies, Thiruvananthapuram) : Conditional Technology Spillovers from Foreign Direct Investment : Evidence from Indian Manufacturing Industries



1.00p.m. – 2.00 p.m.:  Lunch


2.00 p.m. – 3.30 p.m.:  Session 3


Conference Hall  

Empirical Finance

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

Anjali Prashad JNU, New Delhi) : Hedging performance of Nifty index futures

K.V. Bhanu Murthy and Sonia Goel (University of Delhi) : Financial liberalization: Efficiency of Indian Money Market


3.30 p.m. – 4.00 p.m.:  Tea Break


4.00 p.m. – 5.30 p.m.:  Sessions 4


Conference Hall

Corporate Finance

Chair : (Dr. Susan Thomas, IGIDR, Mumbai)

Manoj Kamat and Manasvi Kamat (Shree Damodar College of Commerce & Econmics, Goa) : What Kind of Indian Firms Omit Dividend? : An Enquiry into Firm Characteristics and Propensity to Pay

Rabi Narayan Kar and Amit Soni (University of Delhi) : Mergers and Acquisitions in India : A Strategic Impact Analysis for the Corporate Enterprises in the Post Liberalization period

P.L. Beena (Institute for Studies in Industrial Development) : Financing Reforms of Indian Corporate Sector under Liberalisation :  With Focus on Acquiring firms



Day 2:  26th February, Saturday


9.30 a.m. – 11 a.m.: Session 5


Conference Hall  

Issues in Open Economy Macroeconomics

Chair : (Dr. M. Ramachandran, Head of Dept., Dept. of Economics, Pondicherry University)

Aurodeep Nandi (Aditya Birla Management Corporation) : India's Cosine Curve - A Business Cycle Approach of Analysing Growth, 2007 onwards.


Prabheesh K.P., Indian Institute of Technology, Hyderabad) : Optimum Level of International Reserves for India in the Presence of Sovereign Risk

Ritesh Kumar Mishra (IEG, New Delhi) and Chandan Sharma (National Institute of Financial Management, Faridabad) : The Demand for International Reserves and Monetary Equilibrium: New Evidence from India


11.00 a.m. – 11.30 a.m.:  Tea break



11.30 a.m. – 1.00 p.m.: Session 6


Conference Hall


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

Yogieta S Mehra (University of Delhi) : Operational Risk Management in Indian Banks : Impact of  Ownership and Size on Range of Practices for Implementation of Advanced Measurement Approach

Sunil Kumar (Guru Nanak Dev University, Amritsar) : Off-Balance Sheet Activities and Profit Efficiency of Indian Banks: An Empirical Investigation

Rachita Gulati (Guru Nanak Dev University, Amritsar, Punjab) : Evaluation of technical, pure technical and scale efficiencies of Indian banks: An analysis from cross-sectional perspective


1.00 p.m. – 2.00 p.m.: Lunch


2.00 p.m. – 4.00 p.m.: Session 7


Conference Hall

Financial Inclusion

Chair :  Dr. Sripad Motiram, IGIDR

Manojit Bhattacharjee and Meenakshi Rajeev (Institute for Social and Economic Change, Bangalore) : Repayment of Loans in the Formal Sector: The Role of Accessibility to Credit from Informal Sources

Nitin Kumar (RBI, Mumbai) : Financial Inclusion and its determinants : Evidence from state level empirical analysis in India

Chandan Kumar (Applied Manpower Research, Delhi) and Srijit Mishra (IGIDR) : Banking Outreach and Household level Access : Analyzing Financial Inclusion in India

Bhaswar Moitra, Saswatee Mukherjee, Saikat Sinha Roy (Jadavpur Univeristy) : Impact of Information sharing in a micro credit market with growing population


4.00 p.m. – 4.30 p.m.: Tea break


4.30 p.m. – 5.30 p.m.             :           Valedictory Address  : Dr.  Suman Bery,

                                                Director, NCAER, Delhi, “Global Monetary Reform and Asian Financial Integration: What are India’s interests?”                                                                             


Chair                                      :           Dr. Mahendra Dev, Director, IGIDR


Vote of thanks                       :           Dr Rajendra Vaidya, IGIDR