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India's trilemma : financial liberalization, exchange rates and monetary policy

Hutchison, Michael M.; Sengupta, Rajeswari; Singh, Nirvikar - 2010

rates and capital account openness - the trilemma. This paper calculates a trilemma index for India and investigates its …

Persistent link: https://www.econbiz.de/10008698332

Monetary regime switches in India : policy or structure?

Hutchison, Michael M.; Sengupta, Rajeswari; Singh, Nirvikar - 2010

We use a Markov switching model to estimate a time-varying Taylor-type rule for Indian monetary policy conduct. This empirical approach is consistent with statements of Indian monetary policy decision-makers. We find that the conduct of monetary policy over approximately the last two decades can...

Persistent link: https://www.econbiz.de/10003943773

Impact of exchange rate movements on exports : an analysis of Indian non-financial sector firms

Cheung, Yin-Wong; Sengupta, Rajeswari - 2013

Persistent link: https://www.econbiz.de/10009745621

Impact of Exchange Rate Movements on Exports : An Analysis of Indian Non-Financial Sector Firms

Cheung, Yin-Wong - 2013

We explore the real effective exchange rate (REER) effects on the share of exports of Indian non-financial sector firms for the period 2000 to 2010. Our empirical analysis reveals that, on average, there has been a strong and significant negative impact of currency appreciation as well as...

Persistent link: https://www.econbiz.de/10013082620

Dove or Hawk? Characterizing Monetary Policy Regime Switches in India

Hutchison, Michael M. - 2013

regime supported by capital controls. Another major exception is India. It is not clear how to characterize the monetary … regime or identify the nominal monetary anchor in India. Is central bank policy in India following a predictable rule that is … financial liberalization in India? To address these points, we investigate monetary policy regime change in India using a Markov …

Persistent link: https://www.econbiz.de/10013086517

The Financial Trilemma in China and a Comparative Analysis with India

Aizenman, Joshua - 2013

global economic growth-China and India. China's Trilemma configurations are unique relative to other emerging markets in the … for financial integration. In contrast, the Trilemma configurations of India are in line with choices made by other … emerging countries. India like other emerging economies has overtime converged towards a middle ground between the three policy …

Persistent link: https://www.econbiz.de/10013086518