Financial liberalization and the dynamics of inflation, nominal exchange rate and terms of trade

Gupta, Rangan

dc.contributor.author	Gupta, Rangan
dc.date.accessioned	2008-05-26T11:54:59Z
dc.date.available	2008-05-26T11:54:59Z
dc.date.issued	2007
dc.description.abstract	The paper develops a short-run structural model of a small open financially repressed economy with current account convertibility. The analysis shows that the effect of financial liberalization on rate of inflation and the movements of the nominal exchange rate proves ambiguous, and hinges critically on the relative responsiveness of the credit-induced effects on aggregate demand and aggregate supply. This result provides a theoretical explanation to the widely available empirical evidence, indicating such an ambiguity.	en
dc.format.extent	11637 bytes
dc.format.mimetype	application/pdf
dc.identifier.citation	Gupta, R 2007, 'Financial liberalization and the dynamics of inflation, nominal exchange rate and terms of trade', Indian Economic Review, vol. 42, no. 2, pp. 165-176. [http://www.ierdse.org/]	en
dc.identifier.issn	0019-4670
dc.identifier.uri	http://hdl.handle.net/2263/5524
dc.language.iso	en	en
dc.publisher	Delhi School of Economics, University of Delhi	en
dc.rights	Delhi School of Economics, University of Delhi. Copyright has not been cleared yet	en
dc.subject	Financial liberalization	en
dc.subject	Inflation	en
dc.subject	Exchange rate	en
dc.subject	Terms of trade dynamics	en
dc.subject	Small open economy	en
dc.subject.lcsh	Inflation (Finance)	en
dc.subject.lcsh	Foreign exchange rates	en
dc.subject.lcsh	Terms of trade	en
dc.title	Financial liberalization and the dynamics of inflation, nominal exchange rate and terms of trade	en
dc.type	Article	en