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Capital Account Convertibility In India
Essay specific features
Written by:
Bill S
Date added:
September 8, 2015
Level:
University
Grade:
A
No of pages / words:
6 / 1464
Was viewed:
1644 times
Rating of current essay:
Essay content:
It is associated with changes of ownership in foreign/domestic financial assets and liabilities and embodies the creation and liquidation of claims on, or by, the rest of the world. CAC can be, and is, coexistent with restrictions other than on external payments. It also does not preclude the imposition of monetary/fiscal measures relating to foreign exchange transactions which are of a prudential nature”...
displayed 300 characters
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CAC can be, and is, coexistent with restrictions other than on external payments. It also does not preclude the imposition of monetary/fiscal measures relating to foreign exchange transactions which are of a prudential nature”. So this means that CAC will result in free and unregulated inflow and outflow of Capital funds...
displayed 300 characters
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