Field workshop on Financial markets research

11th October 2017
Seanza Conference Hall, Indira Gandhi Institute of Development Research, Mumbai

The field workshop on financial markets research aims to bring together experts in a field to discuss research ideas and policy relevant ques- tions, dedicating time for discussion and presentation. The audience includes academics, participants from the legal and financial industry, policy makers as well as regulators. The research papers will focus on the impact of regu- latory interventions like Securities Transactions Tax and the OTR fee, and distress in housing loans. As always, the workshop has discussions with a policy focus. In this workshop, we have panels that will discuss how currency markets policy should adjust when monetary policy focuses on inflation tar- geting, and defintions of fair market conduct, especially in the age of high frequency trading.

The agenda for the workshop is as follows:

09:30 - 09:55 Registration, Coffee and Tea
09:55 - 10:00 Welcome address
Susan Thomas, IGIDR
10:00 - 11:00 Impact of Securities Transactions Tax on Stock Markets and Market Participants: Evidence From India[presentation]
Deepak Agrawal, Prasanna Tantri and Ramabhadran S Thirumalai, Indian School of Business and K R Subramanyam, University of Southern California
Discussant: Renuka Sane, NIPFP
11:00 - 12:00 Do regulatory hurdles work on algorithmic trading?[presentation]
Nidhi Aggarwal, IIM Udaipur, Venkatesh Panchapagesan, IIM Bangalore and Susan Thomas, IGIDR
Discussant: Hemant Manuj, S. P. Jain Institute of Management and Research
12:00 - 12:10 Break
12:10 - 13:30 Panel: Currency market policy in a inflation targettingregime [presentation]
Presentation: Anjali Sharma, Finance Research Group
Venkatesh Panchapagesan, IIM Bangalore
Bijoor Venkatesh, Almus risk consulting
13:30 - 14:30 Lunch
14:30 - 15:30 Is There Distress in Housing Loan Markets?
Venkatesh Panchapagesan, IIM Bangalore
Discussant: Harsh Vardhan, Bain Consulting
15:30 - 16:30 Impact of India's demonetisation on agricultural markets [presentation]
Nidhi Aggarwal, IIM Udaipur and Sudha Narayanan, IGIDR
Discussant: Kaushik Krishnan, True North
16:30 - 17:00 Break
17:00 - 18:15 Panel: Understanding issues in fair market conduct [presentation]
Presentation: Bhargavi Zaveri, Finance Research Group
Raj Benahalkar, NCDEX
Jayanth R. Varma, IIM Ahmedabad
18:15 - 18:30 Summing up
Susan Thomas, IGIDR

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