The authors investigate the impact of India's program of economic stabilization and trade liberalization launched in 1991, a year when the country was in the throes of a foreign exchange crisis. The authors address a key policy tradeoff between trade liberalization and fiscal adjustment arising from India's heavy dependence on tariffs for public revenues. They give quantitative expression to how trade liberalization should be coordinated both with...
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INFORMATION
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1998/12/31
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Document de travail de recherche sur les politiques
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WPS2020
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1
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1
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2010/07/01
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Trade liberalization, fiscal adjustment, and exchange rate policy in India
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current account deficit
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