Financial crisis and exchange rates in emerging economies: An empirical analysis using PPP-UIP-Framework

Abdul Rashid ()

Business and Economic Horizons (BEH), 2014, vol. 9, issue 4, 86-96

Abstract: This paper empirically investigates the effects of 2008 financial crisis on exchange rate determination in PPP-UIP framework for four emerging countries, using monthly date over the period 1981-2012. The results suggest that the recent financial crisis led to change the role of exchange rate determinants in exchange rate determination. The findings also reveal that the effects of financial crisis on the exchange rate are different in all the four emerging economies. The findings of the study are of significant for policy makers in designing effective policies in order to reduce the effects of financial crisis on exchange rates.

Keywords: Exchange rates; financial crisis; PPP; UIP; emerging economies (search for similar items in EconPapers)
JEL-codes: C39 F29 F31 (search for similar items in EconPapers)
Date: 2014
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Related works:
Journal Article: Financial crisis and exchange rates in emerging economies: An empirical analysis using PPP-UIP-Framework (2013)
Working Paper: Financial Crisis and Exchange Rates in Emerging Economics: An Empirical Analysis using PPP-UIP-Framework (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:pdc:jrnbeh:v:9:y:2014:i:4:p:86-96

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