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Capital flowsSubscribe to Capital flows

History from Below

Vol. 52, Issue No. 11, 18 Mar, 2017
Murzban Jal

Structure, Consciousness and Social Transformation: The Adivasis in Thane District, Maharashtra and The Subaltern Subject in Structured Historical Process by Denzil Saldhana, New Delhi: Aakar Books, 2015; pp 611 and 108, respectively, ₹1,695 and ₹295.

Governing Capital Flows

Vol. 51, Issue No. 36, 03 Sep, 2016
Sunanda Sen

Ruling Capital: Emerging Markets and the Reregulation of Cross-Border Finance by Kevin P Gallagher; Cornell University, 2015; pp xi +233, $29.95.

IMF's Call for Complacence

Vol. 51, Issue No. 20, 14 May, 2016
C P Chandrasekhar

The International Monetary Fund's World Economic Outlook of April 2016 bodes that emerging market economies, including India, are at risk of sudden capital outflows. The IMF once again makes a case for its conventional, much-discredited tools to manage this risk. To repeat these recommendations, that on many occasions have only worsened crises, is to encourage complacency.

Consequences of the War for Global Economy

Vol. 36, Issue No. 44, 03 Nov, 2001
Sunanda Sen

Unlike the past history of world capitalism when war could be expected to boost demand and real economic growth, the current scene is more complex. Even if the most optimistic expectations of global expansion of demand are fulfilled, government intervention on a much larger scale in the international markets would be required to channel financial flows to the creation of real assets instead of speculative activities. The prospects could be much more dismal if demand fails to pick up.

Decentralisation and Local Accumulation

Vol. 36, Issue No. 28, 14 Jul, 2001
DN

In China the phase of rapid growth was based on agriculture and other on-farm production which both reduced rural poverty and provided surpluses for industrial investment. But agriculture quickly came up against the barrier of diminishing returns - in the absence of technological change - and capital began to be diverted to other, more profitable investment activities. How has this drain of savings from rural to urban areas been reversed?

Capital Account Liberalisation

Vol. 36, Issue No. 16, 21 Apr, 2001
Renu Kohli

The short experience with liberalisation of capital inflows documented in this paper highlights the pressures of a capital surge upon domestic monetary management. It also reveals the additional constraint of fiscal-led monetary expansion in India, which raises aggregate demand and aggravates the inflationary impact of capital inflows. These pressures complicate macroeconomic management as the only variable that can be varied in this scenario to control inflation, or adhere to a monetary target, is domestic private sector credit.

Capital Account Liberalisation

Vol. 36, Issue No. 14-15, 07 Apr, 2001
Renu Kohli

This paper documents trends in capital flows into India in a comparative perspective, examines the impact of these flows on key macroeconomic variables and discusses the implications for economic policy.

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