Vijay Joshi
Vijay Joshi is a Fellow of Merton
College, Oxford, and Reader in
Economics, Oxford University. He
has written (with I.M.D. Little) two
major books, India’s Economic Reforms,
1991–2001 (OUP 1996) and India—
Macroeconomics and Political Economy,
1964–1991, (World Bank and OUP
1994). He has also published widely
in scholarly journals and elsewhere.
He has served as Economic Adviser in
the Ministry of Finance, Government
of India, and as Special Adviser to the
Governor, Reserve Bank of India.
Papers Published in World Economics:
Exchange Rate Regimes
This paper argues that (a) for many developing countries, the optimal external
payments regime would be a combination of an intermediate exchange rate with
capital controls and (b) the policy stance and advice of the IMF should reflect
this judgement. The paper uses India as a case study to illustrate its argument.
Read Full Paper >