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OverviewThe present study attempts to explore the dynamic relationship among the real sector, monetary sector and the external sector of the Indian economy under various exchange rate regimes with the secondary time series data of the variables since 1970-71 to 2005-06. Most of the recent studies have tried to explore the dynamics of Impossible Trinity. It has been found that the performance of the variables is relatively better in the liberalized regime where exchange rate is supposed to be relatively flexible. This study argues that the performance of the Indian economy is better during the flexible exchange rate regime, there is not much harm, if the economy goes for such a regime. However, since the heavy capital inflows have a bearing on the price level and exchange rate of the economy, there should be some restrictions on capital inflows, particularly on the portfolio inflows as these capital are fragile and are destabilizing in nature. Furthermore, the country should take steps in promoting foreign direct investment, which may lead to higher economic growth and spread more benefits of growth. Full Product DetailsAuthor: Puspalata Singh , Dukhabandhu SahooPublisher: VDM Verlag Dr. Muller Aktiengesellschaft & Co. KG Imprint: VDM Verlag Dr. Muller Aktiengesellschaft & Co. KG Dimensions: Width: 22.90cm , Height: 0.60cm , Length: 15.20cm Weight: 0.171kg ISBN: 9783639276343ISBN 10: 3639276345 Pages: 108 Publication Date: 22 July 2010 Audience: General/trade , General Format: Paperback Publisher's Status: Active Availability: In Print This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |