The paper examines the evolving role of gold in the light of the current gold rush in India despite the worsening financial crisis across the globe and aggressive inflationary conditions. Economically, gold is a lucrative investment that consistently provides high rate of returns, a hedge...

Employing propensity score reweighting and event-based strategies, we provide evidence that sustained real exchange rate (RER) misalignments have significant effects on economic development: positive on GDP per capita and capital stock in the case of undervaluation, and negative on the capital...

Real exchange rate (RER) is an important instrument for restoring sustainable economic growth in the small open economy with large export share. RER of Ukrainian currency can be explained within the real business cycle (RBC) framework without any forms of nominal rigidities. Fitting Ukrainian...