Evaluating India’s exchange rate regime under global shocks |
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| Authors: | Ashima Goyal |
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| Institution: | Indira Gandhi Institute of Development Research, Mumbai, India |
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| Abstract: | The paper assesses the performance of India’s managed float with respect to maintaining a real competitive exchange rate, its impact on trade, on stability of currency and financial markets, and on inflation. It also derives the current range that balances these three effects. |
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| Keywords: | India exchange rate regime trade stability capital flows inflation |
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