000			00891pab a2200181 454500
008			180718b2003 xxu||||| |||| 00| 0 eng d
100			_aKapur, Devesh
245			_aLarge foreign currency reserves: insurance for domestic weaknesses and external uncertainties?
260			_c2003
300			_ap.1047-053.
362			_a15 Mar
520			_aThis 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.
650			_aCurrencies
650			_aForeign exchange
700			_aPatel, Urjit R.
773			_aEconomic and Political Weekly
909			_a55808
999			_c55808 _d55808