Arvind Subramanian, 28 November 2008

It is undeniable that India's foreign exchange reserves have helped in limiting the impact of the crisis. This column suggests that, if the Indian government wants to cushion against all potential capital outflows of a future crisis, reserves of $1 trillion would not seem excessive.

Arvind Subramanian, 01 November 2008

Financially integrated India has been hit by the financial contagion. This column explains what Indian policymakers need to do in order to restore confidence in the financial system and avoid the risks of easing monetary policies. The time has come for the Reserve Bank of India to use its foreign exchange reserves to inject liquidity into the financial system.

Events

CEPR Policy Research