Exchange Rate Policy and Modelling in India - Rilegato

Dua, Pami; Ranjan, Rajiv

Rilegato

ISBN 10: 0198077203 ISBN 13: 9780198077206

Casa editrice: OUP India, 2012

Riassunto

Exchange rate fluctuations affect the value of international investment portfolios, competitiveness of exports and imports, value of international reserves, currency value of debt payments, and the cost to tourists in terms of the value of their currency. Movements in exchange rates, therefore, have significant implications for the economy's business cycle, trade, and capital flows. This book provides a comprehensive analysis of the foreign exchange market in India in terms of participants, instruments and the trading platform, as also turnover and forward premia.

The book covers four broad areas: (i) various facets of economic policy with respect to the exchange rate; (ii) the recent global financial crisis and the role of exchange rates therein; (iii) the pattern of capital flows and capital account liberalization; and (iv) modelling and forecasting the exchange rate. The authors contextualize the evolution of the Indian foreign exchange market from a highly regulated market to a deep, liquid, and efficient market in the 1990s, and focus on how large capital flows have impacted the exchange rate policy. More important, they develop a model for the rupee-dollar exchange rate taking into account variables from monetary and micro structure models as well as other variables such as central bank intervention.

Su questo libro

L'autore:

Pami Dua is Professor and Head, Department of Economics, Delhi School of Economics, University of Delhi. Rajiv Ranjan is Director, Department of Economic Analysis and Policy, Reserve Bank of India, Mumbai.

Contenuti:

• 1: Introduction
• 2: Exchange Rate Regimes
• 3: Exchange Rate and Exchange Rate Policy
• 4: Foreign Exchange Market Structure and Turnover
• 5: Manifestations of the Global Financial Crisis
• 6: Approach to Capital Account Liberalization
• 7: Capital Flows and Central Bank Intervention in the Foreign Exchange Market
• 8: Modelling and Forecasting the Exchange Rate
• 9: Concluding Observations
• Annexure
• Data Definition and Sources
• References
• Index

Su questa edizione

• Editore: OUP India
• Data di pubblicazione: 2012
• ISBN 10: 0198077203
• ISBN 13: 9780198077206
• Rilegatura: Copertina rigida
• Numero di pagine: 272