DASH, PRIYADARSHI; NARAYANAN, K. - In: Indian Economic Review 46 (2011) 1, pp. 83-107
This paper attempts to identify the key determinants of foreign exchange reserves in India using Johansen (1995) Maximum-Likelihood Vector Error Correction Model (VECM) on monthly as well as annual data for reserves, imports and nominal exchange rate. The empirical results confirm that there...