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Using a panel of India's registered manufacturing firms and both economy-wide and firm-level financial data, we … investigate the effects of India's financial liberalization on the productivity of its manufacturing sector in the 1990s and 2000s … sectors. Our results suggest that policies favoring financial liberalization should be pursued further in order for India to …
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The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications …
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Using the "trilemma indexes" developed by Aizenman et al. (2008) that measure the extent of achievement in each of the three policy goals in the trilemma - monetary independence, exchange rate stability, and financial openness - this paper examines how policy configurations affect macroeconomic...
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