-maintaining a real competitive exchange rate, neutralizing inflationary oil shocks, deepening foreign exchange markets and … stabilization. Markets need some guidance to achieve policy objectives. …

The paper defines financial liberalization, distinguishing between liberalization of domestic financial markets and … followed a well thought out sequence whereby full capital account liberalization was to come after deepening domestic markets … markets and better domestic and international regulation is a necessary prerequisite for full convertibility. The direction of …

fosters competition. Entrant firms may strategically differentiate their products to avoid unbridled competition with … case study of the impact of entry deregulation on competition in the Indian banking system. The issue is especially of … interest since entry deregulation has become an important mechanism for generating competition in the banking system in many …