0 évaluation0% ont trouvé ce document utile (0 vote)
8 vues21 pages
India enacted three new capital controls in 2007 to reduce capital inflows and currency appreciation, increase debt maturity, and reduce market volatility. This paper examines the effectiveness of these controls from historical, empirical, and theoretical perspectives. It finds that the controls did little to change issues from capital inflows because (1) some goals were unattainable, (2) the controls had little real impact despite de jure changes, and (3) the "targeted" nature limited their scope to achieve goals. The paper analyzes the controls' effects on capital flows and their spillover into India's regulatory system.
India enacted three new capital controls in 2007 to reduce capital inflows and currency appreciation, increase debt maturity, and reduce market volatility. This paper examines the effectiven…