|
EconStor >
United Nations University (UNU) >
World Institute for Development Economics Research (UNU-WIDER), United Nations University >
WIDER Research Papers, United Nations University (UNU) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/63520
|
| | |
| Title: | | The transition from official aid to private capital flows: Implications for a developing country  |
| Authors: | | Kohli, Renu |
| Issue Date: | | 2004 |
| Series/Report no.: | | Research Paper, UNU-WIDER, United Nations University (UNU) 2004/46 |
| Abstract: | | India’s capital account displays a sharp swing in external financing from official assistance to private capital transfers in the 1990s. This paper examines the implications of this transition for the country. An analysis of the private resource transfer reveals that unlike official flows, private capital flows are associated with real exchange rate appreciation, expansion in domestic money supply and stock market growth, liquidity and volatility. The paper concludes with a discussion on the implications of the transition for economic policy. |
| Subjects: | | capital flows capital account real exchange rate foreign exchange reserves intervention money supply sterilization capital controls banking sector stock market |
| JEL: | | E50 E60 F30 F21 |
| ISBN: | | 9291906352 |
| Document Type: | | Working Paper |
| Appears in Collections: | | WIDER Research Papers, United Nations University (UNU)
|
| Files in This Item:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/63520
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|