Monetary Policy, Forex Markets and Feedback Under Uncertainity in an Opening Economy

Ashima Goyal, R Ayyappan Nair and Amaresh Samantaraya

Working Papers from eSocialSciences

Abstract: Options for monetary policy arising from interactions between it and Indian foreign exchange (FX) markets. A brief survey covers recent rapid changes providing a snapshot of current microstructure, and of monetary policy institutions. The survey brings out the growing links between money and FX markets, the sophistication and variety of participants and institutions in markets that are now deep and liquid, and policy trilemmas in dealing with large cross border flows in a rapidly growing emerging market, where fundamentals are uncertain. [DRG Study Series No. 32].

Keywords: Indian; foreign exchange; markets; microstructure; FX markets; money; monetary policy; emerging market; economy; volatility; balance sheet; RBI; data sets; exchange rates; Macroeconomic; export; uncertainity; real sector (search for similar items in EconPapers)
Date: 2009-09
New Economics Papers: this item is included in nep-cba, nep-cwa and nep-mon
Note: Institutional Papers
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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