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Capital Controls and the National Advantage: India in the 1990s and Beyond

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  • Vijay Joshi

Abstract

Capital controls played a crucial role in insulating India from the East Asian crisis and from volatile capital flows in the 1990s more generally. In the near future, India would be well advised to continue its cautious approach to capital account convertibility. India's experience holds some lessons for other developing countries and for the redesign of the international financial architecture.

Suggested Citation

  • Vijay Joshi, 2001. "Capital Controls and the National Advantage: India in the 1990s and Beyond," Oxford Development Studies, Taylor & Francis Journals, vol. 29(3), pages 305-320.
    • Handle: RePEc:taf:oxdevs:v:29:y:2001:i:3:p:305-320
    DOI: 10.1080/13600810120088886
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    Cited by:

    1. Anil K. Lal & Ronald W. Clement, 2005. "Economic development in India: the role of individual enterprise (and entrepreneurial spirit)," Asia-Pacific Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 12(2), pages 81-99, December.
    2. Vijay Joshi, 2003. "India and the Impossible Trinity," The World Economy, Wiley Blackwell, vol. 26(4), pages 555-583, April.

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