, especially from EMEs like China, spurring trade tensions and protectionist measures. The paper investigates the conflicting …

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

The question of how India should adapt monetary policy to ongoing financial globalization has gained prominence with … countries that have adapted to financial globalization, drawing lessons for India. While we find no strong relationship between … the recent surge in capital inflows. This paper documents the degree to which India has become financially globalized …

the extent of the link between inflation rates between China and the United States and Japan. It finds only limited … between prices in China and in the United States and Japan, both for food and at the household level for manufactured goods …With China''s share in global trade increasing rapidly, some argued in 2002-03 that China was exporting deflation to …

arrangement. Seen from the foreign economic relations, it is not possible for Japan to own a key-currency independent from the U …

A cross-country comparative analysis shows that there is substantial room for further integration of China into global …, notably the foreign exchange market. Even though the increased integration of China into international capital markets would … increase its exposure to the global financial cycle, the costs in terms of monetary autonomy would not be large given China …

effectiveness of customs in addressing evasion may be better in India than China, although China appears to be catching up over time …We examine the effect of tariff policies on evasion of customs duties, in the context of the trade reform in India of …