01689cas a2200241 a 4500 AALejournalIMF009607 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451868142 1018-5941 BD-DhAAL BD-DhAAL Sy, Amadou. Capital Account Convertibility and Risk Management in India / Amadou Sy. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (12 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper takes a closer look at the prudential and regulatory measures needed to prepare India's financial system to manage the risks arising from fuller capital account convertibility (FCAC). The paper contributes to the debate on FCAC in two ways. First, it reviews the potential and existing financial stability challenges to FCAC in India. Second it studies how prudential regulation and supervision is addressing these challenges. The main conclusion is that regulatory and supervisory measures alone are not enough and will need to be complemented by improvements in Indian banks' risk management and further development of the domestic capital markets. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2007/251 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/251/001.2007.issue-251-en.xml IMF e-Library