CAFRAL aims to conduct high quality research in areas of banking and finance, particularly in areas of policy interest. Our research areas include financial institutions, sovereign and corporate bond markets, financial networks and stability, behavioral finance, corporate finance, household finance and related areas of macro-finance such as monetary economics and international finance. CAFRAL aims to build capacity in these areas by developing internal data and analytic resources, capabilities, and collaborations with research institutions with similar missions.
We list some of the working papers and publications of current CAFRAL researchers
1. Anatomy Of A Banking Panic
Author(s) Viral Acharya, Abhiman Das, Nirupama Kulkarni and Prachi Mishra Date
Monday, March 25, 2019View PaperAbstract2. Creditor Rights And Allocative Distortions { Evidence From India
Author(s) Nirupama Kulkarni Date
Monday, March 25, 2019View PaperAbstract3. Elimination Of Tax Distortions On Capital Goods Through The VAT And Capital Investments By Financially Constrained Firms: Evidence From Indian States
Author(s) Abhay Aneja, Nirupama Kulkarni and S. K. Ritadhi Date
Monday, March 25, 2019View PaperAbstract4. Who Values Access To College?
Author(s) Kartik Athreya, Felicia Ionescu, Urvi Neelakantan and Ivan Vidangos Date
Monday, February 25, 2019View PaperAbstract5. Consumption And Saving Response To A Tax-Subsidized Saving Policy
Author(s) Sumit Agarwal, Souphala Chomsisengphet, Pulak Ghosh and Man Zhang Date
Friday, February 22, 2019View PaperAbstract6. The Unsettling Behavior Of Exchange Rates Under Inflation Targeting
Author(s) Dr. Paul Beaudry and Dr. Amartya Lahiri Date
Monday, October 01, 2018View PaperAbstract7. Is Better Access To Markets A Substitute For Educated Parents? Evidence From Rural India
Author(s) Reshad N. Ahsan, Arpita Chatterjee and Shahe Emran Date
Saturday, September 01, 2018View PaperAbstract8. Stock Market Participation: The Role Of Human Capital
Author(s) Kartik Athreya, Felicia Ionescu and Urvi Neelakantan, Date
Thursday, August 30, 2018View PaperAbstract9. Multinational Firms, Trade, And The Trade-Comovement Puzzle
Author(s) Dr. Gautham Udupa Date
Tuesday, August 21, 2018View PaperAbstract10. Relationship Bank Behavior During Borrower Distress
Author(s) Yan Li, Ruichang Lu, Anand Srinivasan Date
Friday, March 09, 2018View PaperAbstract11. The Effect Of Government Bank Lending: Evidence From The Financial Crisis In Japan
Author(s) Yupeng Lin, Anand Srinivasan and Takeshi Yamada Date
Wednesday, November 08, 2017View PaperAbstract12. Unintended Consequences Of Government Bailouts: Evidence From Bank-Dependent Borrowers Of Large Banks
Author(s) Yupeng Lin, Xin Liu and Anand Srinivasan Date
Wednesday, November 08, 2017View PaperAbstract13. Bank Dependence And Bank Financing In Corporate M&A
Author(s) Sheng Huang, Ruichang Lu and Anand Srinivasan Date
Wednesday, November 08, 2017View PaperAbstract14. Urbanization, Structural Transformation And Rural-Urban Disparities In China And India
Author(s) Viktoria Hnatkovska and Amartya Lahiri Date
Monday, November 06, 2017View PaperAbstract15. Explaining World Savings
Author(s) Colin Caines and Amartya Lahiri Date
Monday, November 06, 2017View PaperAbstract16. Urban Sprawl And Rural Development: Theory And Evidence From India
Author(s) Viktoria Hnatkovska and Amartya Lahiri Date
Monday, November 06, 2017View PaperAbstract17. Effects Of Demonetization: Evidence From 28 Slum Neighborhoods In Mumbai
Author(s) Deepa Krishnan and Stephan Siegel Date
Tuesday, August 29, 2017View PaperAbstract18. The Effect Of Relationships With Government-Owned Banks On Cash Flow Constraints: Evidence From India
Author(s) Anand Srinivasan and Ashok Thampy Date
Wednesday, July 12, 2017View PaperAbstract19. Loan Delinquency In Banking Systems: How Effective Are Credit Reporting Systems?
Author(s) Jugnu Ansari and Saibal Ghosh Date
Wednesday, June 21, 2017View PaperAbstract20. Are Women Really More Risk-Averse? The Lending Behaviour Of Women-Owned Cooperatives In India
Author(s) Jugnu Ansari and Saibal Ghosh Date
Tuesday, June 20, 2017View PaperAbstract21. Calibration Of Credit Default Probabilities In Discrete Default Intensity And Logit Models
Author(s) Anand Deo, Sandeep Juneja and Akash Kalyani Date
Friday, June 16, 2017View PaperAbstract22. The Progress Of Financial Inclusion In India: Insights From Multiple Waves Of Survey Data
Author(s) Manuela Kristin Günther Date
Monday, June 05, 2017View PaperAbstract23. Inattentive Investors And Mutual Fund-Flows
Author(s) Apoorva Javadekar Date
Friday, April 28, 2017View PaperAbstract24. Underwriting Government Debt Auctions
Author(s) Sudip Gupta, Rangarajan K. Sundaram, Suresh Sundaresan Date
Tuesday, November 08, 2016View PaperAbstract25. Bailouts And Bankruptcies: Corporate Distress, Troubled Debt Restructurings And Equity Stripping
Author(s) Saibal Ghosh, Ashiana Salian Date
Tuesday, November 08, 2016View PaperAbstract26. Are Uniform Pricing Policies Unfair? Mortgage Rates, Credit Rationing, And Regional Inequality
Author(s) Nirupama Kulkarni Date
Wednesday, August 10, 2016View PaperAbstract27. Homeownership And The American Dream - An Analysis Of Intergenerational Mobility EEcts
Author(s) Nirupama Kulkarni and Ulrike Malmendier Date
Wednesday, August 10, 2016View PaperAbstract28. Historical Performance And Risk-Shifting In Mutual Funds
Author(s) Apoorva Javadekar Date
Tuesday, August 02, 2016View PaperAbstract29. Mutual Fund Flows When Manager Has Timing And Picking Skill
Author(s) Apoorva Javadekar Date
Tuesday, August 02, 2016View PaperAbstract30. Dynamic Portfolio Credit Risk And Large Deviations
Author(s) Sandeep Juneja Date
Friday, June 10, 2016View Paper31. Creditor Rights And Relationship Banking: Evidence From A Policy Experiment
Author(s) Gursharan Bhue, Nagpurnanand Prabhala, Prasanna Tantri Date
Tuesday, May 17, 2016View PaperAbstract32. Competition For Underwriting: Implications For Information Production And Insurance
Author(s) Sudip Gupta, Rangarajan K Sundaram, M Suresh Sundaresan Date
Thursday, May 05, 2016View PaperAbstract33. Monetary Policy Under Financial Exclusion
Author(s) Amartya Lahiri, Rajesh Singh Date
Thursday, May 05, 2016View PaperAbstract34. The Transmission Of Monetary Policy Within Banks: Evidence From India
Author(s) Abhiman Das, Prachi Mishra, Nagpurnanand Prabhala Date
Thursday, April 07, 2016View PaperAbstract35. Venture Capital Communities
Author(s) Amit Bubna, Sanjiv R Das, Nagpurnanand Prabhala Date
Saturday, April 02, 2016View PaperAbstract36. Mutual Fund Competition, Managerial Skill, And Alpha Persistence
Author(s) Gerard Hoberg, Nitin Kumar, Nagpurnanand Prabhala Date
Sunday, March 27, 2016View PaperAbstract37. Competition And Momentum Profits
Author(s) Gerard Hoberg, Nitin Kumar, Nagpurnanand Prabhala Date
Sunday, March 27, 2016View PaperAbstract38. Do Programs Mandating Small Business Lending Disincentivize Growth? Evidence From A Policy Experiment
Author(s) Gursharan Bhue, Nagpurnanand Prabhala, Prasanna Tantri Date
Tuesday, March 22, 2016View PaperAbstract39. Monetary Transmission, Ownership And Crisis: How Robust Is The Indian Evidence?
Author(s) Jugnu Ansari, Saibal Ghosh Date
Monday, March 21, 2016View PaperAbstract40. Banking Regulation, Implicit Government Guarantee And Bank Risk Taking Behavior
Author(s) Jugnu Ansari Date
Monday, March 21, 2016View PaperAbstract41. Central Banks And Dynamics Of Bond Market Liquidity
Author(s) Prachi Deuskar, Timothy C Johnson Date
Wednesday, March 02, 2016View PaperAbstract42. The Power Of Shareholder Votes: Evidence From Director Elections
Author(s) Reena Aggarwal, Sandeep Dahiya, Nagpurnanand Prabhala Date
Tuesday, March 01, 2016View PaperAbstract43. Bank Lending, Risk Taking And The Transmission Of Regulatory Policy: Evidence From India
Author(s) Jugnu Ansari Date
Tuesday, September 15, 2015View PaperAbstract44. Determinants Of Commercial Banks’ Loan Pricing: Empirical Analysis Using Dynamic Panel Data Model
Author(s) Jugnu Ansari Date
Thursday, July 30, 2015View PaperAbstract45. CEO-Director Connections And Corporate Fraud: Not Just Whether You Are Connected But How
Author(s) N K Chidambaran, Simi Kedia, Nagpurnanand Prabhala Date
Tuesday, June 30, 2015View PaperAbstract46. Product Diversification And Bank Risk Taking Behavior: An Empirical Evidence From Indian Banking System
Author(s) Jugnu Ansari Date
Tuesday, June 16, 2015View PaperAbstract47. Optimality Of Base Rate System Of Loan Pricing Of A Developing And Emerging Market Economy: An Evaluation
Author(s) Jugnu Ansari, Ashima Goyal Date
Sunday, June 15, 2014View PaperAbstract48. Banks Competition, Managerial Efficiency And The Interest Rate Pass-Through In India
Author(s) Jugnu Ansari, Ashima Goyal Date
Monday, May 05, 2014View PaperAbstract49. Interest Rate Pass-Through And Determinants Of Commercial Banks’ Loan Pricing Decisions In India: Empirical Evidence From Dynamic Panel Data Model
Author(s) Sarat Dhal, Jugnu Ansari Date
Monday, December 02, 2013View PaperAbstract50. A New Measure Of Competition In Indian Loan Markets
Author(s) Jugnu Ansari Publication
International Journal of Finance & Banking Studies Date
Wednesday, September 18, 2013View PaperAbstract51. A Theoretical And Empirical Analysis Of Interest Rate Pass-Through In India With Regulatory Requirements
Author(s) Jugnu Ansari Publication
Beykent University Journal of Social Sciences Date
Tuesday, July 30, 2013View PaperAbstract52. Financial Stability, Economic Growth, Inflation And Monetary Policy Linkages In India: An Empirical Reflection
Author(s) Sarat Dhal, Purnendu Kumar, Jugnu Ansari Publication
Reserve Bank of India Occasional Papers Date
Wednesday, November 30, 2011View PaperAbstract