forces that generate inflation in the uncontrolled market, and that cause shrinkage of the controlled economy as resources …

rate regime and economicperformance. The paper argues that adopting a pegged exchange rate canlead to lower inflation, but …

This paper focuses on the role of debt maturity in managing the government’s incentives to use opportunistic inflation … powerful instrument to affect the time profile of the inflation tax base and, hence, to mitigate the distortions introduced by …

This paper analyzes the relationship between inflation tax and the level of government spending in a public finance … inflation tax becomes an increasing function of government spending. Furthermore, the more inefficient the tax collection system …, the larger the increase in the inflation tax for a given increase in government spending. A numerical analysis of the …

This paper explains why sovereign issuers of reserve currencies do not use unexpected inflation to repudiate their … excessive money creation. It is shown that even without policy precommitment or aversion to inflation, the availability of … alternative currencies can support an equilibrium with a finite, time consistent inflation rate …

We show that the presence of nominal non-indexed government debt could give rise to more than one equilibrium inflation …

. Inflation is constraining the room for monetary policy easing. Banks’ capital ratios have fallen slightly, but asset quality … structural reforms, fiscal consolidation, and low inflation are critical for a sustained recovery. …

in terms of the sectoral savings-investment balance. Persistently high inflation is found to have depressed real returns … outward spillovers to and from India. The results show that output shocks emanating in globally systemic countries have … important global effects, but their impact on India is limited. It is found that shocks originating in India have relatively …

This assessment of the implementation of the BCP in India has been completed as part of the Financial Sector Assessment …

This Technical Note examines India's securities market and the regulatory system overseeing the securities market and … market participants. It is based upon a mission to Mumbai, India from March 14 - 31, 2017, conducted as one component of a … occurred in India's securities markets since the last assessment and the changes that have occurred in the regulation of this …