Liberalizing Capital Flows

"This volume is an account of India's financial integration with the world economy which coincides with a period of intense fragility in the global financial environment. India is opening up its capital markets at a time when openness to capital flows is being seriously questioned. The volume analyses the complexities and loopholes in India's reform journey in the face of liberalization of capital movements." "The book will be useful for students, teachers, and policymakers who are interested in the issues of macroeconomic management of the Indian economy."--Jacket.