The Indian Currency Regime and its Consequences
Since 1993, Indiaâ€™s currency regime is said to be a managed float, a â€œmarket determined exchange rateâ€ in the sense that there is a currency market and the exchange rate is not visibly administratively determined. Many countries that claim to float have a fear of floating. This suggests an investigation into the Indian rupee [NIPFP WP No. 49].
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- 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.
- Ajay Shah & Ila Patnaik, 2007. "India's Experience with Capital Flows: The Elusive Quest for a Sustainable Current Account Deficit," NBER Chapters, in: Capital Controls and Capital Flows in Emerging Economies: Policies, Practices and Consequences, pages 609-644 National Bureau of Economic Research, Inc.
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