Challenges to Monetary Policy from Financial Globalization: The Case of India High quality books
Challenges to Monetary Policy from Financial Globalization: The Case of India
By:Charles Frederick Kramer,A. Prasad,Hlne Poirson
Published on 2008-05 by International Monetary Fund
The question of how India should adapt monetary policy to ongoing financial globalization has gained prominence with the recent surge in capital inflows. This paper documents the degree to which India has become financially globalized, both in absolute terms and relative to emerging and developed countries. We find that despite a relatively low degree of openness, India's domestic monetary conditions are highly influenced by global factors. We then review the experiences of countries that have adapted to financial globalization, drawing lessons for India. While we find no strong relationship between the degree of stability in monetary conditions and the broad monetary policy regime, our findings suggest that improvements in monetary operations and communication?sometimes prompted by a shift to an IT regime?have helped stabilize broader monetary conditions. In addition, the experience of countries which used non-standard instruments suggests that room to regulate capital flows effectively through capital controls diminishes as financial integration increases.
This Book was ranked at 17 by Google Books for keyword Monetary.
Book ID of Challenges to Monetary Policy from Financial Globalization: The Case of India's Books is z0x4_WlPnJgC, Book which was written byCharles Frederick Kramer,A. Prasad,Hlne Poirsonhave ETAG "Aw9wMx84DHo"
Book which was published by International Monetary Fund since 2008-05 have ISBNs, ISBN 13 Code is and ISBN 10 Code is
Reading Mode in Text Status is false and Reading Mode in Image Status is true
Book which have "43 Pages" is Printed at BOOK under CategoryFinance
This Book was rated by Raters and have average rate at ""
This eBook Maturity (Adult Book) status is NOT_MATURE
Book was written in en
eBook Version Availability Status at PDF is falseand in ePub is false
Book Preview
Comments
Post a Comment