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Financial globalisation, exchange rates and capital controls in developing countries

Joshi, Vijay


This paper argues that (i) for many developing countries, the optimal external payments regime would be a combination of an intermediate exchange rate with capital controls and (ii) the policy stance and advice of the IMF should reflect this view. The paper uses India as a case-study to illustrate its argument.

CollectionsANU Research Publications
Date published: 2003
Type: Working/Technical Paper


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