Monetary policy and exchange rate pass-through in India
The paper tests the causality between monetary policy and exchange rate based on data from 1991 onwards as that was when India opened up the economy. According to theory, interest rates are inversely related to exchange rates with the main linkage between them being capital flows. External debt also...
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| Format: | Article |
| Language: | English |
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General Association of Economists from Romania
2020-12-01
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| Series: | Theoretical and Applied Economics |
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| Online Access: |
http://store.ectap.ro/articole/1508.pdf
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