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• W2167020547 abstract "Capital account liberalization in financially repressed economies often leads to a period of rapid capital inflows followed by financial crisis. This paper considers the vulnerability of the Indian economy to financial crises with international financial integration and the policy agenda for further liberalization of capital flows. The legacy of financial repression on fiscal and financial policies poses the primary challenge to stable integration of the domestic financial markets of India with international capital markets. Brief overviews of the theory and experience of liberalization elsewhere and of the recent liberalization by India frame the discussion of the risks of liberalization and sequencing of policy reforms." @default.
• W2167020547 created "2016-06-24" @default.
• W2167020547 creator A5047508022 @default.
• W2167020547 date "2004-07-01" @default.
• W2167020547 modified "2023-09-26" @default.
• W2167020547 title "Liberalizing Capital Flows in India: Financial Repression, Macroeconomic Policy and Gradual Reforms" @default.
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