Liberalizing Capital Flows

This volume is an account of India's financial integration with the world economy which coincides with a period of intense fragility in the global financial environment. India is opening up its capital markets at a time when openness to capital flows is being seriously questioned. The volume analyses the complexities and loopholes in India's reform journey in the face of liberalization of capital movements.

Foreword; Acknowledgements; Contents; 1: Global Trends; 2: India's Capital Liberalization: Evolution, Pace, and Sequencing; 3: Capital Account Liberalization and The Domestic Financial Sector; 4: Exchange Rate and Fiscal Policies; 5: The Impact of Capital Account Liberalization; The Road Ahead; Bibliography; Index