Arbeitspapier
The Consequences of currency intervention in India
Currency management in India has focused on delivering low levels of currency volatility. In earlier years, the implementation of the currency regime was enabled by the presence of capital controls. In recent years, India has made much progress towards capital account convertibility. This paper closely examines India's experience with the implementation of the currency regime in two episodes: 1993-95 and after 2002. We argue that the implementation of the existing currency regime now induces distorted monetary policy and fiscal costs. These costs of implementing the currency regime need to be factored into the choice of currency regime
- Language
-
Englisch
- Bibliographic citation
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Series: Working Paper ; No. 114
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Patnaik, Ila
- Event
-
Veröffentlichung
- (who)
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Indian Council for Research on International Economic Relations (ICRIER)
- (where)
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New Delhi
- (when)
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2003
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Patnaik, Ila
- Indian Council for Research on International Economic Relations (ICRIER)
Time of origin
- 2003
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