This paper seeks to examine the relative version of Purchasing Power Parity (PPP) for Indian rupee against the currency of its leading trade partners, the US and Great Britain, using quantile regression and semi-parametric wavelet-based regression. These methodologies provide a fresh look into...

We use data set of five Asian countries to estimate the frequency and quantile based relationship between stock price index and exchange rate. We apply simple correlation and wavelet based correlation and in accordance with the portfolio balance effect, we find that the two variables are...