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Determinants of Trade Misinvoicing
Trade misinvoicing should be seen as an element of de facto capital account openness. Traditional explanations for trade misinvoicing—high custom duties and weak domestic economies—are less… Expand
Negotiating the Trilemma: The Indian Experience
Increased integration with the global capital markets in recent years has forced India to negotiate the trilemma, balancing the objectives of monetary independence, exchange rate stability, and… Expand
Does Financial Sector Development Augment Cross-Border Capital Flows?
ABSTRACT The sharp increase in volatility of capital flows in recent years has resulted in many countries altering the regulations governing the flow of foreign capital only to find such changes… Expand
Why Generating Productive Jobs is Essential for Reducing Poverty in India: Evidence from Indian Regions
We investigate the pattern of India’s growth during the last decade, and its implications for poverty reduction. In particular, we focus on the role played by generation of productive employment… Expand
Is India Ready for Inflation Targeting?
Abstract In this paper we analyze the extent to which the current macroeconomic environment in India is suitable for implementation of inflation targeting as a monetary policy strategy, in light of… Expand
Drivers and impact of food inflation in India
ABSTRACT Average food inflation in India during 2006–2013 was one of the highest among emerging market economies, and nearly double the inflation witnessed in India during the previous decade. In… Expand