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
Author: Vijay Joshi

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.

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