Managing the macroeconomy
Subtitle: monetary and exchange rate issues in India
By: Ramkishen S. Rajan, Professor of International Economic Policy,School of Public Policy, George Mason University, USA, Venkataramana Yanamandra (Rama), George Mason University
Contributors: Yanamandra, Venkataramana, 1980-
Publisher: Palgrave Macmillan; Springer
Published: 2015
Place of publication: New York
Language: eng
Number of pages: 227
ISBN-13: 9781137534132
Subjects: Macroeconomics; Foreign exchange rates; BUSINESS & ECONOMICS / Development / Economic Development; Monetary policy; Economic development; BUSINESS & ECONOMICS / Economics / General; BUSINESS & ECONOMICS / Economics / Macroeconomics
Description: "Since the liberalisation of the Indian economy in 1991 the country has experienced sustained current account deficits. These deficits were serviced by a massive influx of capital inflows, made possible by the gradual removal of or reduction in restrictions on foreign investments since 1991. However, things changed with the collapse of Lehman Brothers in September 2008. While a growth slowdown coupled with a deterioration of the current account balance was expected during the global financial crisis, the extent of the negative spillovers to India was striking nonetheless. Though offering many growth-enhancing opportunities, India's ever increasing integration with the world economy has given rise to a host of new challenges in managing the economy, particularly given the absence of any type of global policy coordination. This book sets out to provide an empirical assessment of some of India's crucial policy challenges pertaining to its monetary and external sector management"--
Table of contents: title: Machine generated contents note:; title: Preface and Introduction; title: Acknowledgements; title: 1. Macroeconomic Overview of the Indian Economy; title: 2. Effectiveness of Monetary Policy in India: The Interest Rate Pass-through Channel; title: 3. Understanding Exchange Rate and Reserve Management in India Estimating; title: 4. Impact of Exchange Rate Pass-through to Inflation in India; title: 5. Rupee Movements and India's Trade Balance: Exploring the Existence of a J-Curve; title: 6. External Financing in India: Sources and Types of Foreign Direct Investment (FDI).