Financial Crisis and Exchange Rates in Emerging Economics: An Empirical Analysis using PPP-UIP-Framework

Abdul Rashid () and Mashael Saedan

MPRA Paper from University Library of Munich, Germany

Abstract: This paper empirical 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 impact of recent financial crisis led to change the role of determines of exchange rates in exchange 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 effectives policies in order to reduce the effects of financial crisis on exchange rates.

Keywords: Exchange Rates; Financial Crisis; PPP; UIP (search for similar items in EconPapers)
JEL-codes: E43 E44 F3 F31 (search for similar items in EconPapers)
Date: 2013-08-14
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Financial crisis and exchange rates in emerging economies: An empirical analysis using PPP-UIP-Framework (2014)
Journal Article: Financial crisis and exchange rates in emerging economies: An empirical analysis using PPP-UIP-Framework (2013)
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