Exchange RAte Dynamics with Financial Repression: A Test of Exchange Rate Models for India

This paper examines the relevance of the monetary approach for exchange rate behaviour in India, unde rthe managed float regime. It finds supprot for purchaisng power parity in traded goods and that the monetary approach provdies a reasonable description of exchange rate behaviour in the period of the float, given the deviation from integration of doemstic goods and assets markets from rest of the world

MoreLess

Year of publication:	2004-05-09
Authors:	Kohli, Renu ; Kletzer, Kenneth
Institutions:	EconWPA
Subject:	exchange rates \| monetary model \| purchasing power parity \| managed floating \| exchange rate policy \| India

More details

Extent:	application/pdf
Series:	International Finance.
Type of publication:	Book / Working Paper
Notes:	Type of Document - pdf; pages: 35 35 pages
Classification:	F3 - International Finance ; F4 - Macroeconomic Aspects of International Trade and Finance
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005408178