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Rupee Reversals
Rupee Reversals More on Real Exchange Rate, Fiscal Deficits and Capital Flows ASHIMA GOYAL It is instructive to link the comment the Lal, Bery and Pant (2003) (LBP from now on) paper has provoked with the excitement about the recent rupee reversals. The LBP paper got attention maybe partly because it suggested a reversal of a policy theme which has been dominant through the 1990s
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