Mishra, Ritesh Kumar; Sehgal, Sanjay - In: International Journal of Economic Policy in Emerging … 4 (2011) 3, pp. 274-286
This study empirically examines the relationship between nominal exchange rate and prices as postulated by the Purchasing Power Parity (PPP) hypothesis. We have also estimated a panel error correction model to test for Granger causality in the presence of cointegration among the variables. The...