THE INTEREST-RATE IMBROGLIO - MONETARY AND FISCAL DIMENSIONS

Authors
NACHANE DM KARNIK AV HATEKAR NR
Citation
Dm. Nachane et al., THE INTEREST-RATE IMBROGLIO - MONETARY AND FISCAL DIMENSIONS, Economic and political weekly, 32(20-21), 1997, pp. 1167-1174
Citations number
55
Categorie Soggetti
Political Science
Journal title
Economic and political weekly → ACNP
ISSN journal
00129976
Volume
32
Issue
20-21
Year of publication
1997
Pages
1167 - 1174
Database
ISI
SICI code
0012-9976(1997)32:20-21<1167:TII-MA>2.0.ZU;2-E
Abstract
While it may be debatable whether interest rates in India are free or not, there is no denying that financial liberalisation has taken place on air extensive scale. Equally undeniable seems to be the fact that this liberalisation has been badly managed and is directly responsible for the upward surge in interest rates which occurred in 1995-96 and which continues substantially unabated.