BRICS: Interconnection of Exchange Rate, Balance of Payments and Foreign Exchange Reserve - the Example of India

BRICS: Vzájemné souvislosti měnového kurzu, platební bilance a devizových rezerv - příklad Indie

Jaroslava Durčáková and Ondřej Šíma

Český finanční a účetní časopis, 2015, vol. 2015, issue 1, 6-35

Abstract: The article deals with the exchange rate policy of India in the period 1999-2013. The first part informs about specificity of Indian economy. These features (apart from the Great recession) have brought Indian economy to sluggish growth after 2010. Next part is concentrated on Indian exchange rate policy and forex exchange market. The last part scrutinizes Indian balance of payments. It pays attention to widening current account deficit till 2012. Moreover, the current account deficit has been financed primarily by debt for approximately last five years.

Keywords: India; Exchange rate policy; Balance of payments; Indie; Kurzová politika; Platební bilance (search for similar items in EconPapers)
JEL-codes: E02 E31 F31 F40 (search for similar items in EconPapers)
Date: 2015
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DOI: 10.18267/j.cfuc.434

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