Exchange RAte Dynamics with Financial Repression: A Test of Exchange Rate Models for India

Renu Kohli () and Kenneth Kletzer

International Finance from University Library of Munich, Germany

Abstract: This paper examines the relevance of the monetary approach for exchange rate behaviour in India, unde rthe managed float regime. It finds supprot for purchaisng power parity in traded goods and that the monetary approach provdies a reasonable description of exchange rate behaviour in the period of the float, given the deviation from integration of doemstic goods and assets markets from rest of the world

Keywords: exchange rates; monetary model, purchasing power parity; managed floating; exchange rate policy; India (search for similar items in EconPapers)
JEL-codes: F3 F4 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2004-05-09
New Economics Papers: this item is included in nep-cwa, nep-fin, nep-ifn and nep-reg
Note: Type of Document - pdf; pages: 35
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpif:0405013

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