Day1: March 25th, 2004

Inauguration: 9:30 a.m. - 11:00 a.m.

Chair: Dr. Y. V. Reddy , Governor, Reserve Bank of India

Welcome: Dr. R. Radhakrishna , Director, IGIDR

Overview of Sixth Money and Finance Conference: Dr. D.M.Nachane , Senior Professor, IGIDR

Keynote Address: "The Elusive Search for Monetary and Financial Stability" Dr. Claudio Borio, Head of Research and Policy Analysis, Bank of International Settlements, Switzerland.

Vote of Thanks: Dr. R Nagaraj , Associate Professor, IGIDR

Session I : Monetary Policy: 11:30 a.m. - 1.00 p.m.

Chair: Dr. Pulapre Balakrishnan , Professor, IIM, Kozhikode

Principal Discussant: Dr. Ashima Goyal , Professor, IGIDR

Corporate Governance, Relationship, Lending and Monetary Policy: Firm Level Evidence from India

Saibal Ghosh, Rudra Sensarma

The Interest Rate Term Structure In The Indian Money Market

Mayank Shivam, Dr. M.Jayadev

Macro economic effects of changes in selected monetary and fiscal variables for India

A. Soumya, K. N. Murty

The Annoncement Impact of Bank Rate on Commercial Paper Rate

Dr. M. Jayadev, Sunil Kumar

Session II : Issues in Corporate Finance : 02:30 p.m. - 4:00 p.m.

Chair: Dr. Romar Correa, Director, Economics Dept, Mumbai University

Principal Discussant: Dr. Rajendra Vaidya , Associate Professor, IGIDR

Financial Constraints, Inventory Investment, and Fixed Capital

T.V.S.Ramamohan Rao

Corporate Governance and Dividends Payout in India

Jayesh Kumar

Determinants of Fixed Investment Behavior: A Study of Indian Private Corporate Sector With Emphasis on Financial Liberalisation

Prabhakaran Nair V.R

Determination of Board and CEO Compensation in Emerging Economy

Arijit Ghosh

Financial Constraints and Lender Selection : An Empirical Analysis

Sumitra Das,
Dr. Malabika Roy

Session III : Microfinance : 04:30 p.m. - 6:00 p.m.

Chair: Dr.Bibhas Saha , Associate Professor, IGIDR

Principal Discussant: Dr. K. V. Ramaswamy , Associate Professor, IGIDR

Reducing Default Rate in RuralCredit: How effective is Enhanced Supervision Approach for Formal Financial Institutions?

Ashutosh Kumar

Resuscitating Rural Financial Institutions in India: Catalytic Role of Micro Finance

Manoranjan Sharma

Emerging Microfinance Practices: with special reference to Forest Dwelling community in Andhra Pradesh and Madhya Pradesh states.

Dr. B.P. Pethiya, Dr. Teki Surayya

Microfinance and Bank Sustainability

Mahendra Varman

Dinner talk (7:00 p.m.- 8:00 p.m.): " Quantum Leap in Indian Capital Market During the Last Decade " Dr. R. H. Patil, Chairman, The Clearing Corporation of India Ltd.
Dr. A. Vasudevan, Professor, Gokhale Institute of Politics and Economics, Pune and Former Executive Director, Reserve Bank of India, Mumbai


Day 2: March 26th, 2004

Session IV: The Stock Market : 9:30 a.m. - 11:00 a.m.

Chair: Dr. Bandi Kamaiah , CAS, Professor, Central University Hyderabad

Principal Discussant: Kausik Chaudhury , Assistant Professor, IGIDR

Characterisation of Tail Behaviour of Financial Returns: An Empirical study from Indian Stock Market

Mandira Sharma

What Moves Indian Stock Markets: A Study on the Linkage With Real Economy in Post-Reform Era

Prantik Ray & Vina Vani

Determinants of Liquidity in Open Electronic Limit Order Book Market

Santosh Kumar

Integration of Financial Markets in India : An Empirical Analysis

Pradyot Ranjan Jena,
Dr. K. N. Murty,
V. Narasimhan

Session V: Open Economy : 11:30 a.m. - 1:00 p.m.

Chair: Dr. Veena Mishra , Professor, IGIDR

Principal Discussant: Dr. Pushpa Trivedi , Associate Professor, HSS Dept., IIT Bombay

Inflation-Openness Relationship: A Panel Approach for Developing Countries

Ankita Agarwal, G. Badri Narayanan

Macroeconomic Fundamentals and Exchange Rate Dynamics in India: Some Survey Resem>

N. R. Bhanumurthy

The Theory of Current Accounts and the Developing World : An Exploratory Empirical Analysis

Chandra Kiran B. K.

The Relationship between Interest Rate and Exchange Rate in India

Pradyumna Dash

Session VI: Banking: 2:30 p.m. - 4:00 p.m.

Chair: Dr. T.V.S. Rammohan Rao , Professor, IIT Kanpur

Principal Discussant: Dr. K.N.Murthy , Professor and Head, Central University, Hyderabad

Market Structure and Entry: A Study of the Determinants of Market Concentration in Private Domestic Banking Industry in India

Ashis Taru Deb

Determinants of NPAs in the Indian Public Sector Banks: A Critique of Policy Reforms

Dr Pradip Kumar Biswas, Ashis Taru Deb

The Post Offering Performance of IPOs From the Banking Industry

Sourabh Ghosh

Panel Discussion on Microfinance 5:00 p.m.

Chair: Dr. Kirit Parikh, Professor Emeritus, IGIDR.

Dr. Y. S. P. Thorat, Managing Director, NABARD.
Dr. Dinkar Rao, Professor, NIBM, Pune.
Dr. Prakash Bakshi, Chief G.M., NABARD.
Dr. Tara Nair, MICA, Ahmedabad.
Ms. Shaheen Pathan, ICICI Bank, Mumbai.

Dinner talk (7:00 p.m.- 8:00 p.m.): " Forecasting Interest Rates in India " Dr. Pami Dua, Professor, Delhi School of Economics.
Chair: Dr. B.B. Bhattacharya, Director, Institute of Economic Growth, New Delhi


Day 3: March 27th, 2004

IGIDR-EPWRF project on the data base of the Indian Economy

Morning Session : 9:30 a.m. - 1:00 p.m.
Dr. A. Vaidyanathan, Professor Emeritus, Madras Institute of Development Studies, Chennai.
Principal Discussant: Dr. S.L.Shetty, Director, EPW Research Foundation.

Data base of the Indian Economy : National Statistical Commission Report and the IGIDR -EPWRF research initiative

Dr. Gulab Singh, Director,NSC Implementation Cell, CSO.
Dr. A.K. Nag, Adviser, DESACS, Reserve Bank of India.
Dr. R. Nagaraj, Associate Professor, IGIDR.
Shri Partha Ray, Director, DEAP, Reserve Bank of India.
Shri Sharat Malik, Research and Training Department, SEBI.
Shri K. Subramanyam, Executive Director, IRDA.
Dr. Jiban K. Mukhopadhyay, Ex -Economic Adviser, Tata Group.
Shri K.G.K. Subba Rao, Ex-Adivser, DESACS, Reserve Bank of India.

Afternoon Session : 2:30 p.m. - 4:30 p.m.
Dr. R. Barman, Executive Director, RBI
Principal Discussant: Dr. Mridul Saggar, Director, Monetary Policy Department, RBI.

Data Base on the Scheduled Commercial Banks System in India: 1970-2002 (33 years) - A Brief Presentation.

Shri Radhey Shyam, Director,Banking Statistics Div., DESACS, RBI.
Dr. Rupa Rege Nitsure, Chief Economist, Bank of Baroda.

Valedictory address (5:00 p.m.- 6:00 p.m.): " Macroeconomic Reforms in India "
Dr. A. Vaidyanathan
, Professor Emeritus, Madras Institute of Development Studies, Chennai.
Prof. Mihir Rakshit, Director, Monetary Research Project, ICRA Ltd., Calcutta.