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Emerging Market Concerns: An Indian Perspective


  • D Subbarao


From 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].

Suggested Citation

  • D Subbarao, 2009. "Emerging Market Concerns: An Indian Perspective," Working Papers id:2246, eSocialSciences.
  • Handle: RePEc:ess:wpaper:id:2246
    Note: Institutional Papers

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    1. Abhay Pethe & Mala Lalvani, 2003. "A Fair Plan Approach For Devolution Under The Twelfth Central Finance Commission: Some Suggestions," Department of Economics, University of Mumbai, Mumbai Working Papers 8, Department of Economics, University of Mumbai, Mumbai.
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    4. Abhay Pethe & Mala Lalvani, 2005. "Towards Economic Empowerment Of ULBS In Maharashtra," Department of Economics, University of Mumbai, Mumbai Working Papers 15, Department of Economics, University of Mumbai, Mumbai.
    5. Abhay Pethe & Mala Lalvani, 2005. "A Comparative Study Of Municipal Finances In Maharashtra: Patterns, Problems And Prospects," Department of Economics, University of Mumbai, Mumbai Working Papers 16, Department of Economics, University of Mumbai, Mumbai.
    6. Indira Rajaraman, 2007. "The Political Economy of the Indian Fiscal Federation," India Policy Forum, Global Economy and Development Program, The Brookings Institution, vol. 4(1), pages 1-51.
    7. Charles M. Tiebout, 1961. "An Economic Theory of Fiscal Decentralization," NBER Chapters,in: Public Finances: Needs, Sources, and Utilization, pages 79-96 National Bureau of Economic Research, Inc.
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    India; emerging markets; monetary policy; capital flows; fiscal; adjustments; reserve bank India; financial stability; inclusion; growth; food price; inflation; consolidation;

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