Financial globalisation, exchange rates and capital controls in developing countries
Description
This paper argues that (i) for many developing countries, the optimal external payments regime would be a combination of an intermediate exchange rate with capital controls and (ii) the policy stance and advice of the IMF should reflect this view. The paper uses India as a case-study to illustrate its argument.
Collections | ANU Research Publications |
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Date published: | 2003 |
Type: | Working/Technical Paper |
URI: | http://hdl.handle.net/1885/40412 http://digitalcollections.anu.edu.au/handle/1885/40412 |
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File | Description | Size | Format | Image |
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wp-econ-2003-19.pdf | 162.34 kB | Adobe PDF |
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