Emerging Market Concerns: An Indian Perspective
AbstractFrom the perspective of Emerging Market Economies (EMEs) and particularly for that of India, five concerns are expressed. These are: first, timing of exit from the accommodative monetary policy in the context of rising food price-led inflation but still weak growth; second, the possibility of another surge in capital flows, especially if we turn out to be an outlier in withdrawal of monetary stimulus; third, monetary transmission mechanism as it is evolving from the crisis period; fourth, return to fiscal consolidation and quality of fiscal adjustment; and finally, the implications of the efforts towards financial stability on financial inclusion and growth. [Remarks by Dr. D. Subbarao, Governor, Reserve Bank of India at G-30 International Banking Seminar in Istanbul on organized on the occasion of the IMF-World Bank Annual Meetings 2009].
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Bibliographic InfoPaper provided by eSocialSciences in its series Working Papers with number id:2246.
Date of creation: Oct 2009
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India; emerging markets; monetary policy; capital flows; fiscal; adjustments; reserve bank India; financial stability; inclusion; growth; food price; inflation; consolidation;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-10-31 (All new papers)
- NEP-DEV-2009-10-31 (Development)
- NEP-MAC-2009-10-31 (Macroeconomics)
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