000			01301pab a2200217 454500
008			180718b2003 xxu||||| |||| 00| 0 eng d
100			_aLal, Deepak
245			_aThe real exchange rate, fiscal deficits and capital flows India: 1981-2000
260			_c2003
300			_ap.4965-976.
362			_a22 Nov
520			_aIndia 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			_aDeficit financing - India
650			_aCapital flow - India
650			_aExchange rates - India
650			_aExchange rates
700			_aPant, Devendra Kumar
700			_aBery, Suman
773			_aEconomic and Political Weekly
909			_a58860
999			_c58860 _d58860