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INSULATION OF INDIA FROM THE EAST ASIAN CRISIS:: AN ANALYSIS.
- Source :
- Singapore Economic Review; Dec2007, Vol. 52 Issue 3, p419-443, 25p, 8 Charts, 10 Graphs
- Publication Year :
- 2007
-
Abstract
- This paper investigates the effects of the East Asian crisis on the Indian economy and exchange rate movements. Despite the contagion effects that profoundly affected the other crisis-hit countries, the Indian economy and the rupee were found less affected. Reforms after the 1990–1991 crisis, control of capital flows, weak economic linkages with crisis-affected countries and stabilization policies that include intervention in the foreign exchange market and tightening of monetary policy are reasons for the insulation of the Indian economy from the crisis. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 02175908
- Volume :
- 52
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Singapore Economic Review
- Publication Type :
- Academic Journal
- Accession number :
- 27809380
- Full Text :
- https://doi.org/10.1142/S0217590807002737