Fiscal deficits, expectations and exchange rates
By: D'Souza, Errol.
Material type:
ArticlePublisher: 1999Description: p.963-68.Subject(s): Exchange rates
In:
Economic and Political WeeklySummary: Fiscal deficits that are expected to be reversed at some unknown date in the future cause a real appreciation of the exchange rate along with an expectation of depreciation, a trade deficit, and high domestic interest rates. The expectation of depreciation will have a positive impact on investment provided a time-frame within which the deficit can be credibly reduced is charted and acted on. - Reproduced
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | Volume no: 34, Issue no: 16-17 | Available | AR41016 |
Fiscal deficits that are expected to be reversed at some unknown date in the future cause a real appreciation of the exchange rate along with an expectation of depreciation, a trade deficit, and high domestic interest rates. The expectation of depreciation will have a positive impact on investment provided a time-frame within which the deficit can be credibly reduced is charted and acted on. - Reproduced
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