Monetary Policy, Forex Markets and Feedback Under Uncertainity in an Opening Economy
Published By: RBI on eSS | Published Date: September, 14 , 2009Options for monetary policy arising from interactions
between it and Indian foreign exchange (FX) markets. A brief survey covers
recent rapid changes providing a snapshot of current microstructure,
and of monetary policy institutions. The survey brings out the growing
links between money and FX markets, the sophistication and variety of
participants and institutions in markets that are now deep and liquid,
and policy trilemmas in dealing with large cross border flows in a rapidly
growing emerging market, where fundamentals are uncertain. [DRG Study Series No. 32].
Author(s): Ashima Goyal, R Ayyappan Nair, Amaresh Samantaraya | Posted on: Sep 14, 2009 | Views(1588) | Download (805)