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What does matched bank-firm data tell us about the moral hazard in lending decisions of state-owned banks in india?
(Indian Institute of Management Ahmedabad, 2017-11-11)
In this study, we examine quality of the lending decisions of public sector banks (PSBs) in India with a novel dataset which allows the identification of both the banks by the ownership types and their borrowers. We use a ...
Turning over a golden leaf? : Global liquidity and emerging market central banks’ demand for gold after the financial crisis
(Indian Institute of Management Ahmedabad, 2017-04-12)
The quantity of gold reserves held by central banks in emerging markets and developing economies (EMDEs) has risen sharply following the global financial crisis in 2008. This paper examines factors driving holding of gold ...
Global risk and demand for gold by central banks
(Indian Institute of Management Ahmedabad, 2017-01-30)
This paper examines the influence of global risk on the holding of gold by central banks based on annual data for 100 countries during 1990-2015. We use a dynamic panel generalized method of moments (GMM) model to estimate ...