In recent years China has faced an increasing trilemmahow to pursue an independent domestic monetary policy and limit exchange rate flexibility, while at the same time facing large and growing international capital flows. This paper analyzes the impact of the trilemma on China's monetary policy...

India has perceived a decade of portfolio flows and they are gaining more importance in the economy as time passes. In this context, this study attempts to analyze the behavior of some macroeconomic variables in response to Total Capital Inflows in India using monthly data for the period of...