After the collapse of Bretton-Woods system, it was believed that under flexible exchange rate system nominal exchange rate will adjust instantaneously to reflect movements in prices between two countries. Consequently, Purchasing Power Parity (PPP) will hold continuously. This study examines the...

In the aftermath of the Asian financial crisis, the need for monetary and exchange rate cooperation among the Asian countries has increased considerably. In this context, we attempt to evaluate the potential of an optimum currency area (OCA) for a group of eight East Asian countries. For this...

This paper examines the interrelation between exporting and productivity performance by using a representative sample of Indian manufacturing firms over the period 1994--2006. Specifically, we attempt to test the empirical validity of the learning‐by‐exporting and the self‐selection...

The main aim of this study is to investigate India's demand for international reserve by focusing on the role of national monetary disequilibrium and to present new benchmarks for assessing the adequacy of international reserves. We assessed India's position in terms of reserve adequacy and...

In the backdrop of the recent economic crisis in the European Union, this study attempts to assess the degree of regional integration and the suitability of a monetary union in the East and South-East Asian (ESEA) region. For this purpose, we analyse the issue in a variety of ways. First, a...