Macro-economic Management of the Indian Economy: Capital Flows, Interest Rates and Inflation
AbstractThe paper lays out a consistent frame work for monetary management in the context of excess capital inflows. There is an urgent need for developing competitive, open and well regulated markets for (a) long term debt (b) rupee futures and forwards, and (c) interest rate /credit risk products, so that economic agents can hedge their exposure in an efficient market with low transaction costs. [Working Paper No. 2/2007-DEA]
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Bibliographic InfoPaper provided by eSocialSciences in its series Working Papers with number id:1353.
Date of creation: Jan 2008
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monetary transaction competitive; developing; n costs; management; regulated markets;
Other versions of this item:
- Arvind Virmani, 2009. "Macro-economic management of the Indian economy: capital flows, interest rates, and inflation," Macroeconomics and Finance in Emerging Market Economies, Taylor & Francis Journals, vol. 2(2), pages 189-214.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ofair Razin & Susan M. Collins, 1997. "Real Exchange Rate Misalignments and Growth," International Finance 9707001, EconWPA.
- Ricardo Faria, Joao & Leon-Ledesma, Miguel, 2003. "Testing the Balassa-Samuelson effect: Implications for growth and the PPP," Journal of Macroeconomics, Elsevier, vol. 25(2), pages 241-253, June.
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"India’s Experience with Capital Flows: The Elusive Quest for a Sustainable Current Account Deficit,"
in: Capital Controls and Capital Flows in Emerging Economies: Policies, Practices and Consequences, pages 609-644
National Bureau of Economic Research, Inc.
- Ajay Shah & Ila Patnaik, 2005. "India's Experience with Capital Flows: The Elusive Quest for a Sustainable Current Account Deficit," NBER Working Papers 11387, National Bureau of Economic Research, Inc.
- Ofair Razin & Susan M. Collins, 1997. "Real Exchange Rate Misalignments and Growth," NBER Working Papers 6174, National Bureau of Economic Research, Inc.
- João Ricardo Faria & Miguel León-Ledesma, 2000. "Testing the Balassa-Samuelson Effect: Implications for Growth and PPP," Studies in Economics 0008, Department of Economics, University of Kent.
- M.Govinda Rao & Tapas K. Sen & Pratap R Jena, 2008.
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- Gargi Sanati, 2010. "Integration of Indiaâ€™s Financial Markets on the Domestic and International Fronts: An Emperical Analysis of the Post-Liberalisation Period. June 2010," Working Papers id:3097, eSocialSciences.
- Masood, Tariq & Ahmad, Mohd. Izhar, 2009. "Macroeconomic Implications of Capital Inflows in India," MPRA Paper 19299, University Library of Munich, Germany, revised 06 Oct 2009.
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