Capital Flow Components and the Real Exchange Rate: Implications for India

Shashank Goel and V. Raveendra Saradhi
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Shashank Goel: Indian Institute of Foreign Trade, India
V. Raveendra Saradhi: Indian Institute of Foreign Trade, India

International Journal of Business and Economics, 2015, vol. 14, issue 2, 179-194

Abstract: This paper analyzes the relationship between the net capital flow components and the real exchange rate in India for the period 1996-1997 to 2012-2013. The empirical results suggest that there is a strong case for further liberalization of foreign direct investment flows, while greater caution is need in liberalization of portfolio and debt creating flows.

Keywords: debt creating flows; foreign direct investment; foreign exchange reserves; foreign portfolio flows; government consumption expenditure; real exchange rate (search for similar items in EconPapers)
JEL-codes: F30 F36 F40 F62 F65 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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