Liberalization of Capital Inflows and the Real Exchange Rate in India: A VAR Analysis
The East Asian crisis of 1997-98 and the Mexican crisis of 1994 generated much concern among policy analysts regarding the role of macroeconomic policies in the management of capital inflows. A series of economic reform measures including liberalization of foreign capital inflows were initiated in India since the early nineties. Using the vector autoregression (VAR) method, this paper specifically examines if the external shock generated by capital inflows led to appreciation in the real exchange rate as observed in the East Asian and Latin American countries in the 1990â€™s. [Working Paper No. 351]
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.:
- Calvo, Guillermo A & Mendoza, Enrique G, 1996. "Petty Crime and Cruel Punishment: Lessons from the Mexican Debacle," American Economic Review, American Economic Association, vol. 86(2), pages 170-175, May.
- Sebastian Edwards, 2000.
"Capital Flows, Real Exchange Rates, and Capital Controls: Some Latin American Experiences,"
in: Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies, pages 197-246
National Bureau of Economic Research, Inc.
- Sebastian Edwards, 1998. "Capital Flows, Real Exchange Rates, and Capital Controls: Some Latin American Experiences," NBER Working Papers 6800, National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:ess:wpaper:id:3032. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Padma Prakash)
If references are entirely missing, you can add them using this form.