IMF Staff Country Reports

India: Selected Issues Paper

Publication Date:

March 11, 2015

Electronic Access:

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Summary:

This Selected Issues paper examines how surges in global financial market volatility spill over to emerging market economies (EMs) including India. The results suggest that a surge in global financial market volatility is transmitted very strongly to key macroeconomic and financial variables of EMs, and the extent of its pass-through increases with the depth of external balance-sheet linkages between advanced countries and EMs. The paper also looks at food inflation, which has often been singled out as a key driver of India’s high and persistent inflation.

Series:

Country Report No. 2015/062

Subject:

Deposit rates Financial inclusion Financial markets Financial services Gender Gender diversity Inflation Labor Labor force participation Prices