ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Real Exchange Rate, Fiscal Deficits and Capital Flows: Erratum and Addendum

There is a case to be made for rapid progress towards capital account convertibility and a free float of the rupee as the 'fear of floating' is based on the unwanted dirigiste assumption of the omniscience of bureaucrats and the irrationality or ignorance of private agents.

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