India's Financial Globalisation
Published By: NIPFP on eSS | Published Date: January, 10 , 2011India embarked on reintegration with the world economy in the early 1990s. At first, a certain limited opening took place emphasizing equity
flows by certain kinds
of foreign investors. This opening has had myriad interesting implications in terms of both microeconomics
and macroeconomics. A dynamic process of change in
the economy and in economic policy then came about,
with a co-evolution between the system of capital controls, macroeconomic policy, and the internationalisation of fi rms including the emergence of Indian multi-nationals. [WorkingPaper2011-79] URL: [http://www.nipfp.org.in/newweb/sites/default/files/wp_2011_79.pdf]
Author(s): Ajay Shah | Posted on: May 10, 2011 | Views(1300) | Download (243)