000 02248nam a22003974a 4500
001 WPIEA1811999
003 IMF
005 20190408085326.0
006 m o d
007 cr cn|||||||||
008 020129s1999 dcu o i00 0 eng d
020 _a1451859171 :
_c15.00 USD
020 _z9781451859171
022 _a1018-5941
024 7 _a10.5089/9781451859171.001
_2doi
035 _a(IMF)WPIEA1811999
040 _aDcWaIMF
_beng
100 1 _aCallen, Tim.
245 1 0 _aAssessing External Sustainability in India
_h[electronic resource] /
_cTim Callen.
260 _aWashington, D.C. :
_bInternational Monetary Fund,
_c1999.
300 _a1 online resource (30 p.)
490 1 _aIMF Working Papers; Working Paper ;
_vNo. 99/181
520 3 _aThis paper examines the solvency and sustainability of India's external imbalances and analyzes the optimality of its capital flows. We use three approaches: an intertemporal model of the current account that allows for capital controls; a composite model of macroeconomic indicators that yields probabilities of future balance of payments crises; and scenarios that examine the path of the current account consistent with the stabilization of India's external liability-to-GDP ratio. The results indicate that India's intertemporal budget constraint is satisfied and that the path of its current account imbalances is sustainable, with some support for the optimality (given capital controls) of its external borrowing.
588 _aDescription based on print version record.
650 7 _aBalance of Payments
_2imf
650 7 _aCapital Controls
_2imf
650 7 _aCurrent Account Deficit
_2imf
650 7 _aCurrent Account
_2imf
650 7 _aExternal Borrowing
_2imf
650 7 _aExternal Liabilities
_2imf
651 7 _aIndia
_2imf
700 1 _aCashin, Paul.
776 0 8 _iPrint Version:
_aCallen, Tim.
_tAssessing External Sustainability in India
_dWashington, D.C. : International Monetary Fund, 1999.
_z9781451859171
830 0 _aIMF Working Papers; Working Paper ;
_vNo. 99/181
856 4 0 _uhttp://elibrary.imf.org/view/IMF001/00436-9781451859171/00436-9781451859171/00436-9781451859171.xml
_zIMF e-Library
856 4 0 _uhttp://www.imfbookstore.org/IMFORG/9781451859171
_zIMF Book Store
999 _c167421
_d167421