Inoue, Takeshi; Hamori, Shigeyuki - In: Economics Bulletin 29 (2009) 4, pp. 2803-2815
This study empirically analyzes the sources of the exchange rate fluctuations in India by employing the structural VAR model. The VAR system consists of three variables, i.e., the nominal exchange rate, the real exchange rate, and the relative output of India and a foreign country. Consistent...