KOHLI, RENU - In: Journal of International Commerce, Economics and Policy … 02 (2011) 02, pp. 351-371
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 characterises India's capital account …