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The Bretton Woods international financial system, which was in place from roughly 1949 to 1973, is the most significant modern policy experiment to attempt to simultaneously manage international payments, international capital flows, and international currency values. This paper uses an...
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Though the renminbi is not yet convertible, the international monetary regime has already started to move towards a 'multipolar' system, with the dollar, the Chinese currency and the euro as its key likely pillars. This shift corresponds to the long-term evolution of the balance of economic...
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Managing capital flows is the key policy challenge for emerging economies like India in the aftermath of the crisis. In … contrast to other emerging markets who are levying capital controls, India's macro-monetary framework is distinguished by … significant restrictions that help manage inflows. Against this context, the paper characterizes India's capital account …
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financially than the Chinese economy, but China seems to be catching up with India in the wake of the global financial crisis …
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This Working Paper examines India's growth and employment generation performance over the last ten years in the context … achieved on the back of reducing capital expenditures. The Paper reviews the distorted nature of India's labour markets and … recommends legislative and the other steps needed to work around constraints. The need for India to widen its relatively narrow …
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