What Explains India's Real Appreciation? /
We examine the evolution of nontradable and tradable prices in the Indian economy over 1980-2002 and find widening differentials: the real exchange rate has been appreciating. This might seem unsurprising, since India's rapid per capita income growth suggests Balassa-Samuelson factors at play....
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| 格式: | 雜誌 |
| 語言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2007.
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| 叢編: | IMF Working Papers; Working Paper ;
No. 2007/268 |
| 在線閱讀: | Full text available on IMF |