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'...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Purfield, Catriona
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2007.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2007/221
Online Zugang:Full text available on IMF