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Capital Flows and Exchange Rate Management: Oxford India Short Introductions
The Oxford India Short Introductions are concise, stimulating, and accessible guides to different aspects of India. Combining authoritative analysis, new ideas, and diverse perspectives, they discuss subjects which are topical yet enduring, as also emerging areas of study and debate.
Integration with the global economy has opened India to cross-border flows of not merely goods and services, but also financial capital. India is now a preferred destination among the emerging market economies for foreign investors. Is this transition necessarily beneficial for the Indian economy? What are its consequences and how is it to be regulated? How has the Indian economy successfully averted a financial crisis in the era of economic liberalization, unlike many other developing economies?
This short introduction provides answers to questions such as these by analysing the basic forces driving capital flows, their impact on the exchange rate, and their implications for foreign reserves and domestic money supply. It will be a vital guide for students of economics, finance, and management, as well as general readers interested in the prospects of the Indian economy.
Integration with the global economy has opened India to cross-border flows of not merely goods and services, but also financial capital. India is now a preferred destination among the emerging market economies for foreign investors. Is this transition necessarily beneficial for the Indian economy? What are its consequences and how is it to be regulated? How has the Indian economy successfully averted a financial crisis in the era of economic liberalization, unlike many other developing economies?
This short introduction provides answers to questions such as these by analysing the basic forces driving capital flows, their impact on the exchange rate, and their implications for foreign reserves and domestic money supply. It will be a vital guide for students of economics, finance, and management, as well as general readers interested in the prospects of the Indian economy.
152 pages, Paperback
First published September 27, 2013
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Displaying 1 - 2 of 2 reviews
June 5, 2017
A good introductory text without unnecessarily complicating the subject by use of terminologies. One would be able to grasp the basic concepts such as -
What are different types of capital flows?
What are different exchange rate system - fixed, floating and managed float.?
How do monetary policy interact with capital flows and exchange rate management? or in other words what is the impossible trinity?
What's the debate around capital account convertibility?
Is India ready for capital account convertibility? If not what steps should be taken first before we embrace unrestricted capital flows?
Role of IMF has also been discussed briefly, so are the examples of Mexican crisis of 1994 and Asian crisis of 1997.
What are different types of capital flows?
What are different exchange rate system - fixed, floating and managed float.?
How do monetary policy interact with capital flows and exchange rate management? or in other words what is the impossible trinity?
What's the debate around capital account convertibility?
Is India ready for capital account convertibility? If not what steps should be taken first before we embrace unrestricted capital flows?
Role of IMF has also been discussed briefly, so are the examples of Mexican crisis of 1994 and Asian crisis of 1997.
September 22, 2018
Interestingly I started reading this book when the rupee-dollar rate was around Rs. 73 and was very much going worse.
To say that it's all about demand-supply will be gross oversimplification.
It's about the factors influencing that demand and supply.
This book is truly amazing for anyone trying to know about capital flows and exchange rate management. It goes very smooth for anyone not aware with the economic terms.
You will be enlightened and excited after reading this and will look for more.
The author made sure that the introductory framework is maintained and has done a brilliant job in doing so.
A must read.
To say that it's all about demand-supply will be gross oversimplification.
It's about the factors influencing that demand and supply.
This book is truly amazing for anyone trying to know about capital flows and exchange rate management. It goes very smooth for anyone not aware with the economic terms.
You will be enlightened and excited after reading this and will look for more.
The author made sure that the introductory framework is maintained and has done a brilliant job in doing so.
A must read.
Displaying 1 - 2 of 2 reviews