FUNDAMENTAL DISTORTIONS PERSIST

Authors
PRASANTH VP SENGUPTA N
Citation
Vp. Prasanth et N. Sengupta, FUNDAMENTAL DISTORTIONS PERSIST, Economic and political weekly, 32(50), 1997, pp. 3174-3180
Citations number
NO
Journal title
Economic and political weekly → ACNP
ISSN journal
00129976
Volume
32
Issue
50
Year of publication
1997
Pages
3174 - 3180
Database
ISI
SICI code
0012-9976(1997)32:50<3174:FDP>2.0.ZU;2-S
Abstract
Recent RBI policy measures, suggesting a reversal of the liberalisatio n path, are a welcome attempt to curb speculation in the domestic fore ign exchange market. Bur they have failed to address the fundamental d istortions that have been created in the financial system.