01655cas a2200241 a 4500 AALejournalIMF013015 230101c9999 xx r poo 0 0eng d 15.00 USD 9781589064485 1020-7635 BD-DhAAL BD-DhAAL International Monetary Fund. Research Dept. IMF Staff Papers, Volume 52, No. 2. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (224 pages) IMF Staff 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 examines contractionary currency crashes in developing countries. It explores the causes of India's productivity surge around 1980, more than a decade before serious economic reforms were initiated. The paper finds evidence that the trigger may have been an attitudinal shift by the government in the early 1980s that, unlike the reforms of the 1990s, was pro-business rather than pro-market in character, favoring the interests of existing businesses rather than new entrants or consumers. A relatively small shift elicited a large productivity response, because India was far away from its income possibility frontier. Mode of access: Internet IMF Staff Papers; IMF Staff Papers ; No. 2005/002 Full text available on IMF http://elibrary.imf.org/view/journals/024/2005/002/024.2005.issue-002-en.xml IMF e-Library