Inflows of capital, exchange rates and balance of payments: the post-liberalisation experience of India

Simple item page
dc.contributor.authorRamakrishna, Gollagari
dc.contributor.authorRena, Ravinder
dc.date.accessioned2014-07-30T12:35:27Z
dc.date.available2014-07-30T12:35:27Z
dc.date.issued2013
dc.description.abstractA review of the analytical literature shows that macroeconomic consequences of financial liberalization are the results of the combined effect of monetary, fiscal as well as trade and exchange rate policies followed by the government of a country. The results of vector error correction estimates show that total inflows of foreign capital are causing imports; and imports are causing inflows of foreign capital. This means that there is a bi-directional relationship between these two variables. This may be due to an increase in the imports in the industries where more and capital flows are coming in. During the period of Capital Account Convertibility (CAC) there is a positive growth in all the macro economic variables studied. Along with growth the variability has also increased. Both FDI and FPI have registered positive growth rates but along with this the variability also has increased. As expected, FPI is more volatile than FDI flows in India.en_US
dc.description.accreditationInternational Bibliography of Social Sciencesen_US
dc.identifier.citationRamakrishna, G. & Rena, R. (2013). Inflows of capital, exchange rates and balance of payments: the post-liberalisation experience of India. The Asian Economic Review, 55(2): 223- 242en_US
dc.identifier.issn0004-4555
dc.identifier.urihttp://hdl.handle.net/10566/1137
dc.language.isoenen_US
dc.privacy.showsubmitterfalse
dc.publisherIndian Institute of Economicsen_US
dc.rightsCopyright Indian Institute of Economics. This is the authors' final version and may be freely used provided that the source is acknowledged.
dc.status.ispeerreviewedtrue
dc.subjectCapital Account Convertibilityen_US
dc.subjectFDIen_US
dc.subjectFPIen_US
dc.subjectFinancial liberalizationen_US
dc.subjectVector Error Correctionen_US
dc.subjectCointegrationen_US
dc.subjectCapital flowsen_US
dc.subjectEconomic growthen_US
dc.titleInflows of capital, exchange rates and balance of payments: the post-liberalisation experience of Indiaen_US
dc.typeArticleen_US

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
RenaExchangeRate2013.pdf
Size:
249.17 KB
Format:
Adobe Portable Document Format
Description:
Author final version
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.55 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

Research Articles (Economics)