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. The Effect Of Relationships With Government-Owned Banks On Cash Flow Constraints: Evidence From India
Author(s) Anand Srinivasan and Ashok ThampyView PaperAbstract2. Loan Delinquency In Banking Systems: How Effective Are Credit Reporting Systems?
Author(s) Jugnu Ansari and Saibal GhoshView PaperAbstract3. Are Women Really More Risk-Averse? The Lending Behaviour Of Women-Owned Cooperatives In India
Author(s) Jugnu Ansari and Saibal GhoshView PaperAbstract4. Calibration Of Credit Default Probabilities In Discrete Default Intensity And Logit Models
Author(s) Anand Deo, Sandeep Juneja and Akash KalyaniView PaperAbstract5. The Progress Of Financial Inclusion In India: Insights From Multiple Waves Of Survey Data
Author(s) Manuela Kristin GüntherView PaperAbstract6. Inattentive Investors And Mutual Fund-Flows
Author(s) Apoorva JavadekarView PaperAbstract7. Effects Of Demonetization: Evidence From 28 Slum Neighborhoods In Mumbai
Author(s) Deepa Krishnan and Stephan SiegelView PaperAbstract8. Underwriting Government Debt Auctions
Author(s) Sudip Gupta, Rangarajan K. Sundaram, Suresh SundaresanView PaperAbstract9. Bailouts And Bankruptcies: Corporate Distress, Troubled Debt Restructurings And Equity Stripping
Author(s) Saibal Ghosh, Ashiana SalianView PaperAbstract10. Are Uniform Pricing Policies Unfair? Mortgage Rates, Credit Rationing, And Regional Inequality
Author(s) Nirupama KulkarniView PaperAbstract11. Homeownership And The American Dream - An Analysis Of Intergenerational Mobility EEcts
Author(s) Nirupama Kulkarni and Ulrike MalmendierView PaperAbstract12. Dynamic Portfolio Credit Risk And Large Deviations
Author(s) Sandeep JunejaView Paper13. Creditor Rights And Relationship Banking: Evidence From A Policy Experiment
Author(s) Gursharan Bhue, Nagpurnanand Prabhala, Prasanna TantriView PaperAbstract14. Mutual Fund Flows When Manager Has Timing And Picking Skill
Author(s) Apoorva JavadekarView PaperAbstract15. Historical Performance And Risk-Shifting In Mutual Funds
Author(s) Apoorva JavadekarView PaperAbstract16. The Transmission Of Monetary Policy Within Banks: Evidence From India
Author(s) Abhiman Das, Prachi Mishra, Nagpurnanand PrabhalaView PaperAbstract17. Venture Capital Communities
Author(s) Amit Bubna, Sanjiv R Das, Nagpurnanand PrabhalaView PaperAbstract18. Mutual Fund Competition, Managerial Skill, And Alpha Persistence
Author(s) Gerard Hoberg, Nitin Kumar, Nagpurnanand PrabhalaView PaperAbstract19. Competition And Momentum Profits
Author(s) Gerard Hoberg, Nitin Kumar, Nagpurnanand PrabhalaView PaperAbstract20. Do Programs Mandating Small Business Lending Disincentivize Growth? Evidence From A Policy Experiment
Author(s) Gursharan Bhue, Nagpurnanand Prabhala, Prasanna TantriView PaperAbstract21. Monetary Transmission, Ownership And Crisis: How Robust Is The Indian Evidence?
Author(s) Jugnu Ansari, Saibal GhoshView PaperAbstract22. Banking Regulation, Implicit Government Guarantee And Bank Risk Taking Behavior
Author(s) Jugnu AnsariView PaperAbstract23. Central Banks And Dynamics Of Bond Market Liquidity
Author(s) Prachi Deuskar, Timothy C JohnsonView PaperAbstract24. The Power Of Shareholder Votes: Evidence From Director Elections
Author(s) Reena Aggarwal, Sandeep Dahiya, Nagpurnanand PrabhalaView PaperAbstract25. Small Business, Lending Relationships And Crisis: Evidence From Indian Micro Data
Author(s) Saibal Ghosh Publication
Decision IIM-CView PaperAbstract26. Partial Privatization, Lending Relationships And Executive Compensation: Evidence From Indian State-Owned Banks
Author(s) Saibal GhoshView PaperAbstract27. Competition For Underwriting: Implications For Information Production And Insurance
Author(s) Sudip Gupta, Rangarajan K Sundaram, M Suresh SundaresanView PaperAbstract28. Monetary Policy Under Financial Exclusion
Author(s) Amartya Lahiri, Rajesh SinghView PaperAbstract29. Bank Lending, Risk Taking And The Transmission Of Regulatory Policy: Evidence From India
Author(s) Jugnu AnsariView PaperAbstract30. Determinants Of Commercial Banks’ Loan Pricing: Empirical Analysis Using Dynamic Panel Data Model
Author(s) Jugnu AnsariView PaperAbstract31. CEO-Director Connections And Corporate Fraud: Not Just Whether You Are Connected But How
Author(s) N K Chidambaran, Simi Kedia, Nagpurnanand PrabhalaView PaperAbstract32. Product Diversification And Bank Risk Taking Behavior: An Empirical Evidence From Indian Banking System
Author(s) Jugnu AnsariView PaperAbstract33. Macroprudential Regulation And Bank Behaviour: Theory And Evidence From A Quasi-Natural Experiment
Author(s) Saibal Ghosh Publication
Macroeconomics and Finance in Emerging Market EconomiesView PaperAbstractSlides34. Environmental Standards And Political Federalism: Do Labor Legislations Matter?
Author(s) Saibal GhoshView PaperAbstract35. Optimality Of Base Rate System Of Loan Pricing Of A Developing And Emerging Market Economy: An Evaluation
Author(s) Jugnu Ansari, Ashima GoyalView PaperAbstract36. Banks Competition, Managerial Efficiency And The Interest Rate Pass-Through In India
Author(s) Jugnu Ansari, Ashima GoyalView PaperAbstract37. Product Market Threats, Payouts, And Financial Flexibility
Author(s) Gerard Hoberg, Gordon Phillips, Nagpurnanand Prabhala Publication
The Journal of FinanceView PaperAbstract38. Macroprudential Regulation And Bank Performance: Does Ownership Matter?
Author(s) Saibal Ghosh Publication
Journal of Banking RegulationView PaperAbstract39. 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 AnsariView PaperAbstract40. A New Measure Of Competition In Indian Loan Markets
Author(s) Jugnu Ansari Publication
International Journal of Finance & Banking StudiesView PaperAbstract41. 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 SciencesView PaperAbstract42. Do Economic Reforms Matter For Manufacturing Productivity? Evidence From The Indian Experience
Author(s) Saibal GhoshView PaperAbstractSlidesSlides43. Judging Borrowers By The Company They Keep: Friendship Networks And Information Asymmetry In Online Peer-To- Peer Lending
Author(s) Mingfeng Lin, Nagpurnanand Prabhala, Siva Viswanathan Publication
Management ScienceView PaperAbstract44. 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 PapersView PaperAbstract45. Post-Merger Restructuring And The Boundaries Of The Firm
Author(s) Vojislav Maksimovic, Gordon Phillips, Nagpurnanand Prabhala Publication
Journal of Financial Economics 2013View PaperAbstract46. IPOs With And Without Allocation Discretion: Empirical Evidence
Author(s) Amit Bubna, Nagpurnanand Prabhala Publication
Journal of Financial Intermediation 2011View PaperAbstract47. Affiliation And Firm Performance: Evidence From Indian Business Groups
Author(s) Saibal Ghosh Publication
The Manchester SchoolView PaperAbstractSlides48. Financial Deregulation And Profit Efficiency: A Nonparametric Analysis Of Indian Banks
Author(s) Abhiman Das, Saibal Ghosh Publication
Journal of Economics and BusinessView PaperAbstract49. Did Financial Liberalization Ease Financing Constraints? Evidence From Indian Firm-Level Data
Author(s) Saibal GhoshView PaperAbstract50. Competition In Indian Banking
Author(s) A Prasad, Saibal Ghosh Publication
IMF Working PaperView PaperAbstract51. Financial Deregulation And Efficiency: An Empirical Analysis Of Indian Banks During The Post Reform Period
Author(s) Abhiman Das, Saibal GhoshView PaperAbstract