On participating in the international capital market

Abstract

The international capital market as it has been evolving provides an opportunity for developing countrieslike India to attract the required capital inflow for accelerating their pace of development, manage their foreign exchange assets and liabilities to their advantage and develop export capabilities in the field of financial services. Active participation in this market would not only improve their access to the market but also indicate the institutional and policy framework essential for developing effective and efficient domestic financial markets. The possibilities of such participation would be enhanced if the developing countries like India take a constructive stand with regard to the multilateral negotiations in respect of trade in services under the Uruguay Round.Banks&Banking Reform,Economic Theory&Research,Financial Intermediation,Environmental Economics&Policies,Poverty Assessment