00891pab a2200181 454500 180718b2003 xxu||||| |||| 00| 0 eng d Kapur, Devesh Large foreign currency reserves: insurance for domestic weaknesses and external uncertainties? 2003 p.1047-053. 15 Mar This paper, while attempting to explain India's decision to accumulate high foreign currency reserves, also analyses the resulting political-economy consequences. It is argued that the reserves are both a form of insurance against adverse external shocks as well as compensation for the inability to address long-standing domestic economic problems, a relatively unexplored theme. - Reproduced. Currencies Foreign exchange Patel, Urjit R. Economic and Political Weekly 55808 55808 55808 0 0 0 0 IIPA IIPA 2018-07-19 Volume no: 38, Issue no: 11 AR56253 2018-07-19 2018-07-19 AR