Financial Repression and Exchange Rate Management in Developing Countries : Theory and Empirical Evidence for India »
Series: IMF Working Papers
Author(s): Renu Kohli , and Kenneth Kletzer
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2001
Keywords: Financial repression, balance of payments crises, exchange rate, nominal exchange rate, reserve requirements, exchange rate peg, Open Economy Macroeconomics, Macroeconomic Analyses of Economic Development,
Most developing countries have imposed restrictions on domestic and international financial transactions at one time or another. Such restrictions have allowed governments to generate significant proportions of the...