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Liberalizing Capital Flows: India's Experiences and Policy Issues

Liberalizing Capital Flows: India's Experiences and Policy Issues


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About the Book

This volume is an account of India's financial integration with the world economy which coincides with a period of intense fragility in the global financial environment. The volume analyses the complexities and loopholes in India's reform journey in the face of liberalization of capital movements. It answers several critical questions: What constitutes an appropriate strategy for managing capital inflows in India? What are the major stumbling blocks to complete account convertibility? Is the domestic financial sector ready to face the impact of full capital account liberalization? How do impending macroeconomic reforms like fiscal imbalances constrain further liberalization? In answering these questions, the book provides a positive, strategic, and normative analysis of monetary and financial governance. It identifies dangers to further liberalization unless key constraints limiting monetary policy responses are removed.

Table of Contents:
Foreword; Acknowledgements; 1: Global Trends; 2: India's Capital Liberalization: Evolution, Pace, and Sequencing; 3: Capital Account Liberalization and The Domestic Financial Sector; 4: Exchange Rate and Fiscal Policies; 5: The Impact of Capital Account Liberalization; The Road Ahead; Bibliography

About the Author :
Renu Kohli is Senior Economist, International Monetary Fund, New Delhi


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Product Details
  • ISBN-13: 9780195698206
  • Publisher: OUP India
  • Publisher Imprint: OUP India
  • Sub Title: India's Experiences and Policy Issues
  • ISBN-10: 0195698207
  • Publisher Date: 25 Jun 2008
  • Binding: Paperback


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