From the early 1990s onwards, India has engaged in policies involving trade liberalisation, strong controls on debt …

India embarked on reintegration with the world economy in the early 1990s. At first, a certain limited opening took …

consumption volatility. Calibration of the model for pre and post financial reform in India provides support for the model's key …

focused on tail events, which yields evidence on these questions. The results, for India, do not suggest that financial …