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アイテムタイプ	紀要論文
タイトル	Did India's Capital Control Regime Insulate It from the Asian Financial Crisis? : Some Preliminary Observations
著者	著者名 SHARMA, Shalendra D.
言語	eng
ISSN	09111247
DOI	https://doi.org/10.15002/00002495
出版者	Institute of Comparative Economic Studies, Hosei University
	法政大学比較経済研究所
雑誌名	Journal of International Economic Studies
巻	18
開始ページ	103
終了ページ	118
発行年	2004-03
著者版フラグ	Version of Record
キーワード	India's economy
	capital controls
	financial crises
	economic liberalization
抄録	While India was not entirely immune to the Asian financial crisis of l997-98, it was less affected by other countries in the region. To what extend India's relatively closed capital account regime insulated it from the financial contagion raging in its midst? This paper illustrates that although India's strong foreign exchange reserves position, the flexible exchange rate policy, the large size of the domestic markets and the relatively weak trade and financial linkages with the international economy were important factors in reducing financial market contagion and trade spillovers, it was India's comprehensive capital control regime which was crucial in reducing the country's external vulnerability.
資源タイプ	Article
書誌レコードID	AA10459262
インデックス	資料タイプ別 ＞ 紀要 ＞ Journal of international economic studies
	201 比較経済研究所 ＞ 紀要 ＞ Journal of international economic studies ＞ 18

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