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 its argument.

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Year of publication:	2003
Authors:	Joshi, Vijay
Institutions:	Crawford School of Public Policy, Australian National University
Subject:	Globalisation \| Exchange rate regimes \| Impossible Trinity \| Capital controls \| India \| East Asian crisis

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Extent:	application/pdf
Series:	Departmental Working Papers.
Type of publication:	Book / Working Paper
Notes:	28 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005057595