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dc.contributor.authorPrasad, Eswar S.en_US
dc.date.accessioned2009-01-22en_US
dc.date.accessioned2010-07-07T11:53:32Z-
dc.date.available2010-07-07T11:53:32Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/35578-
dc.description.abstractIn this paper, I analyze India's approach to capital account liberalization through the lens of the new literature on financial globalization. India's authorities have taken a cautious and calibrated path to capital account opening, which has served the economy well in terms of reducing its vulnerability to crises. By now, the capital account has become quite open and reversing this is not a viable option. Moreover, the remaining capital controls are rapidly becoming ineffective, making the debate about capital controls rather moot. Managing de facto financial integration into international capital markets and aligning domestic macroeconomic policies in a manner that maximizes the indirect benefits and reduces the risks is the key challenge now facing India's policymakers on this front.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA discussion papers 3927en_US
dc.subject.jelF3en_US
dc.subject.jelF4en_US
dc.subject.jelO2en_US
dc.subject.ddc330en_US
dc.subject.keywordIndiaen_US
dc.subject.keywordinternational financial integrationen_US
dc.subject.keywordcapital flowsen_US
dc.subject.keywordcapital controlsen_US
dc.subject.stwKapitalverkehrspolitiken_US
dc.subject.stwDeregulierungen_US
dc.subject.stwKapitalmarktliberalisierungen_US
dc.subject.stwInternationaler Finanzmarkten_US
dc.subject.stwIndienen_US
dc.titleIndia's approach to capital account liberalizationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn589806351en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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