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Did the Indian Capital Controls Work as a Tool of Macroeconomic Policy?
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Report submitted to the Department of Economic Affairs, Ministry of Finance, Government of IndiaAuthors
Ajay Shah, Ila PatnaikAbstract
In 2010 and 2011, there has been a fresh wave of interest in capital controls. India is one of the few large countries with a complex system of capital controls. These studies assess the extent to which these help achieve goals of macroeconomic and financial policy.