| 000 -LEADER |
|---|
| fixed length control field |
01301pab a2200217 454500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
|---|
| fixed length control field |
180718b2003 xxu||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
|---|
| Personal name |
Lal, Deepak |
| 245 ## - TITLE STATEMENT |
|---|
| Title |
The real exchange rate, fiscal deficits and capital flows India: 1981-2000 |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. |
|---|
| Date of publication, distribution, etc. |
2003 |
| 300 ## - PHYSICAL DESCRIPTION |
|---|
| Extent |
p.4965-976. |
| 362 ## - DATES OF PUBLICATION AND/OR SEQUENTIAL DESIGNATION |
|---|
| Dates of publication and/or sequential designation |
22 Nov |
| 520 ## - SUMMARY, ETC. |
|---|
| Summary, etc. |
India should use the opportunity presented by high reserves and low domestic inflation to now fully open the capital account (with a proviso about borrowing in foreign currency), make the rupee fully convertible and allow it to float freely. For in a world of fluctuating capital flows it is impossible for the authorities to predict, let alone implement, the requisite movements in the nominal exchange rate required for a managed float. If this is done, none of the fears that the authorities seem to have about absorbing capital inflows would be realistic and India could very quickly raise its growth rate, which continues to be suppressed by the misalignment of the real exchange rate. - Reproduced. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Deficit financing - India |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Capital flow - India |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Exchange rates - India |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Exchange rates |
| 700 ## - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
Pant, Devendra Kumar |
| 700 ## - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
Bery, Suman |
| 773 ## - HOST ITEM ENTRY |
|---|
| Main entry heading |
Economic and Political Weekly |
| 909 ## - |
|---|
| -- |
58860 |
