Series: IMF Working Papers
Author(s): Tim Callen , and Paul Cashin
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 1999
Keywords: India, capital controls, external sustainability, current account, current account deficit, balance of payments, external liabilities, external borrowing
This paper examines the solvency and sustainability of India's external imbalances and analyzes the optimality of its capital flows. We use three approaches: an intertemporal model of the current account that allow...