Financial Globalisation, Exchange Rates and Capital Controls in Developing Countries.
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 i...
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Format: | Working paper |
Language: | English |
Published: |
RSPAS (ANU)
2003
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