Rashid, Abdul; Saedan, Mashael Bin - In: Business and Economic Horizons (BEH) 9 (2014) 4, pp. 86-96
This paper empirically 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 recent financial crisis led to change the role of exchange rate...