The objectives of this paper are to examine the nominal uncovered interest parity hypothesis for three major currencies against the U.S. dollar using the monthly data for the period 1974-89. Forward-looking expectations, interest rate differentials, and risk premia variables are used to test the...

The paper analyses the effects of increased trade exposure on the profitability of firms in Indian industry. While trade reforms are often expected to decrease profit margins as firms struggle to compete in international markets, there is the possibility that increased competition may improve...