expenditures, as in China and India, the impact was magnified. Increases in recurrent expenditure, which were made in Brazil and … India, acted as short-term stimulants; additional public investment, as in China, appears to have had a more lasting impact … integration, resulting in differential magnitude and timing of the crisis impact. For example, coastal states in India were …

expenditures, as in China and India, the impact was magnified. Increases in recurrent expenditure, which were made in Brazil and … India, acted as short-term stimulants; additional public investment, as in China, appears to have had a more lasting impact … integration, resulting in differential magnitude and timing of the crisis impact. For example, coastal states in India were …

expenditures, as in China and India, the impact was magnified. Increases in recurrent expenditure, which were made in Brazil and … India, acted as short-term stimulants; additional public investment, as in China, appears to have had a more lasting impact … integration, resulting in differential magnitude and timing of the crisis impact. For example, coastal states in India were …

instruments of financial repression may be used for exchange rate management. The model is compared to the experience of India, a …