Series: IMF Working Papers
Author(s): Catriona Purfield
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2007
Keywords: wealth effects, real estate, stock market, commercial real estate, asset markets, financial assets,
This paper examines rising asset prices in India. For the most part, asset prices in India reflect structural factors but the risk of a correction cannot be ruled out. However, at this juncture monetary policy may...