Prof. Jayanth R. Varma's Financial Markets Blog

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Prof. Jayanth R. Varma's Financial Markets Blog, A Blog on Financial Markets and Their Regulation

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Mon, 04 Sep 2006

Capital Account Convertibility 2.0

The Reserve Bank of India (RBI) has published the report of the Committee on Fuller Capital Account Convertibility chaired by S. S. Tarapore. A committee with the same chairman and almost the same set of members gave a report on Capital Account Convertibility to the RBI in 1998. Therefore, in line with phrases like Web 2.0 and Bretton Woods 2.0, I have chosen to call it CAC 2.0.

I resolved not to blog about CAC 2.0 until I had read the report fully. Since the report is over 200 pages long, it was only with great difficulty that I have managed to adhere to this resolve. My first set of comments are as follows:

Posted at 16:22 on Mon, 04 Sep 2006     View/Post Comments (0)     permanent link

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