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'...

Description complète

Détails bibliographiques
Auteur principal: Purfield, Catriona
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2007.
Collection:IMF Working Papers; Working Paper ; No. 2007/221
Accès en ligne:Full text available on IMF