India : Asset Prices and the Macroeconomy

Asset Prices and the Macroeconomy

India : Asset Prices and the Macroeconomy
This paper examines rising asset prices in India. For the most part, asset prices in India reflect structural factors but the risk of a correction cannot be ruled out. However, at this juncture monetary policy may not be the most effective tool to safeguard financial stability because (i) India's economy is undergoing rapid structural change... READ MORE...

Publication date: September 2007
ISBN 9781451867855
$18.00

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