Did the Indian Capital Controls Work as a Tool of Macroeconomic Policy?
Publication dateJan, 2010
DetailsReport submitted to the Department of Economic Affairs, Ministry of Finance, Government of India
AuthorsAjay Shah, Ila Patnaik
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.