How do extreme global shocks affect foreign portfolio investment? An event study for India

Anick Yaha, Nirvikar Singh, Jean Paul Rabanal

Research output: Contribution to journalArticleResearchpeer-review

5 Citations (Scopus)


Foreign portfolio flows in and out of India are relevant for policymakers, and are often portrayed in the media as having a destabilizing effect on the domestic market. We use an event study approach to examine whether extreme global shocks trigger abnormal responses in foreign equity flows in and out of India, or abnormal responses in the Indian stock market. We do not find strong evidence of abnormal responses, even for the case of the global crisis of 2008.

Original languageEnglish
Pages (from-to)1923-1938
Number of pages16
JournalEmerging Markets Finance and Trade
Issue number8
Publication statusPublished - 3 Aug 2017
Externally publishedYes


  • event study
  • extreme events
  • foreign investors

Cite this