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Foreign Institutional Investor (Fii) Flows

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  • R.K. Pattnaik
  • S.N.V. Siva Kumar

Abstract

Worldwide there has been a long debate both in academic and policy circles with regard to the Foreign Institutional Investor (FII) flows, mainly due to their volatility and pro-cyclicality, and consequent adverse impact on the monetary and macro-economic management. Contemporaneous with the global debate, the issue has surfaced and resurfaced in India also in tune with the magnitude of the flows both in upswing and downswing. India has seen massive flows and sudden stops and reversals. The present article is an attempt to analyze the underlying issues and put forth some policy options. Indian approach to capital flows, especially, FII flows, has stood the test of time. The Indian authorities, with a combination of sound macroeconomic policies, prudent debt management, exchange rate flexibility, effective management of the capital account, accumulation of appropriate levels of reserves as self-insurance and development of resilient domestic financial markets, have provided a sustainable response to the large and volatile capital flows.

Suggested Citation

  • R.K. Pattnaik & S.N.V. Siva Kumar, 2011. "Foreign Institutional Investor (Fii) Flows," Foreign Trade Review, , vol. 46(1), pages 3-23, April.
    • Handle: RePEc:sae:fortra:v:46:y:2011:i:1:p:3-23
    DOI: 10.1177/0015732515110101
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    Cited by:

    1. Wilkening, Tom, 2016. "Information and the persistence of private-order contract enforcement institutions: An experimental analysis," European Economic Review, Elsevier, vol. 89(C), pages 193-215.
    2. Beshenov, Sergey & Rozmainsky, Ivan, 2015. "Hyman Minsky's financial instability hypothesis and the Greek debt crisis," Russian Journal of Economics, Elsevier, vol. 1(4), pages 419-438.
    3. Michael W. L. Elsby & Ryan Michaels & David Ratner, 2015. "The Beveridge Curve: A Survey," Journal of Economic Literature, American Economic Association, vol. 53(3), pages 571-630, September.
    4. Pareja-Alcaraz, Pablo, 2017. "Chinese investments in Southern Europe's energy sectors: Similarities and divergences in China's strategies in Greece, Italy, Portugal and Spain," Energy Policy, Elsevier, vol. 101(C), pages 700-710.
    5. Holtzblatt, Mark & Tschakert, Norbert, 2014. "Baker Hughes: Greasing the wheels in Kazakhstan (FCPA violations and implementation of a corporate ethics and anti-corruption compliance program)," Journal of Accounting Education, Elsevier, vol. 32(1), pages 36-60.
    6. Moorman, Theodore, 2014. "An empirical investigation of methods to reduce transaction costs," Journal of Empirical Finance, Elsevier, vol. 29(C), pages 230-246.
    7. Sherman, Paul David, 2016. "Using RUFDATA to guide a logic model for a quality assurance process in an undergraduate university program," Evaluation and Program Planning, Elsevier, vol. 55(C), pages 112-119.
    8. Bernard Effah & Ernest Boampong & Osei Asibey & Ninette Afi Pongo & Augustine Nkrumah, 2014. "Small and Medium Bamboo and Rattan Enterprises in Economic Empowerment in Kumasi: Perspectives of Producers," Journal of Social Economics, Research Academy of Social Sciences, vol. 1(1), pages 11-21.

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