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India and the Eurozone: a commentary on the political economy of adjustment and correction

Author

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  • Fennell, Shailaja
  • Kaur, Amandeep
  • Singh, Ajit

Abstract

This commentary focuses on the interaction between Eurozone and India with a particular focus on the relationship between changes and economic conditions in these two jurisdictions. In the pre liberalization world, India and the Eurozone were regarded a priori as having little interaction with each other. This story changes with globalization and relatively free capital movements. We highlight some of the important changes which have occurred in the Eurozone and Indian economies and discuss the implications for other regions and countries. The commentary sets out a number of hypotheses and uses broad- brush data to provide the intellectual foundations for our analysis.

Suggested Citation

  • Fennell, Shailaja & Kaur, Amandeep & Singh, Ajit, 2013. "India and the Eurozone: a commentary on the political economy of adjustment and correction," MPRA Paper 53025, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:53025
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    References listed on IDEAS

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    1. Glyn, Andrew & Hughes, Alan & Lipietz, Alan & Sigh, Ajit, "undated". "The Rise and Fall of the Golden Age," WIDER Working Papers 295573, United Nations University, World Institute for Development Economic Research (UNU-WIDER).
    2. Maurice Obstfeld & Kenneth S. Rogoff, 2009. "Global imbalances and the financial crisis: products of common causes," Proceedings, Federal Reserve Bank of San Francisco, issue Oct, pages 131-172.
    3. Raghuram G. Rajan, 2010. "Fault Lines: How Hidden Fractures Still Threaten the World Economy," Economics Books, Princeton University Press, edition 1, number 9111.
    4. Buiter, Willem, 2007. "Lessons from the 2007 Financial Crisis," CEPR Discussion Papers 6596, C.E.P.R. Discussion Papers.
    5. M R Anand & G L Gupta & Ranjan Dash, 2012. "The Euro Zone Crisis and its Dimensions and Implications," Working Papers id:4764, eSocialSciences.
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    Cited by:

    1. Ajit Singh, 2014. "New Developments in the World Economy: A Tough Agenda for MICs (Middle Income Countries)?," Working Papers wp461, Centre for Business Research, University of Cambridge.

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    More about this item

    Keywords

    India; Eurozone; interaction; pre-liberalisation; post-liberalisation; adjustments;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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