01627cas a2200241 a 4500 AALejournalIMF001775 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451859768 1018-5941 BD-DhAAL BD-DhAAL Kohli, Renu. Capital Flows and Their Macroeconomic Effects in India / Renu Kohli. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (36 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper documents trends in movement and composition of capital flows into India in a comparative perspective, examines the impact of these flows upon key macroeconomic variables in the economy, and dwells on implications for economic policy. We find that an inflow of foreign capital results in a real appreciation and has a significant impact on domestic money supply. During a capital surge, these effects have been countered through intervention and sterilization. The paper concludes with a discussion on the costs of these policies in the event of a heavy inflow of foreign capital into India. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2001/192 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/192/001.2001.issue-192-en.xml IMF e-Library