Showing 1 - 10 of 664
Starting in 2004 the Guyanese foreign exchange rate has been remarkably stable relative to earlier periods. This paper explores the reasons for the stability of the rate. First, the degree of concentration in the foreign exchange market has increased, thus making the task of moral suasion...
Persistent link: https://www.econbiz.de/10011110737
Determinants of trade flows have always attracted researchers. In this paper, we model monthly trade flows in India … standard empirical estimations of India’s export supply and import demand functions using data from the Reserve Bank of India …
Persistent link: https://www.econbiz.de/10009246892
The Indian Government changed its exchange rate regime quite a number of times in the first half of the 1990s. From a more or less a fixed exchange rate regime upto early 1992 the exchange rate was fully convertible in the current account by 1995. Between 1990 and 1995 there was a period when...
Persistent link: https://www.econbiz.de/10009022013
Forward exchange rate bias explanation generally falls into two categories – assumption of rational expectation resulting in a risk premium and expectation errors which is systematic. The paper tests the bias in the Indian forward exchange markets using one-month and three month forward...
Persistent link: https://www.econbiz.de/10011111648
aftermath of the Southeast Asian crisis, the limitation of the liberal capital regime for a developing country like India is … often highlighted in the literature. However, the probable impact of introducing KAC on CAB in India generally is discussed … theoretically. Though some of the existing studies in India have earlier focused on this research question, they have done so by …
Persistent link: https://www.econbiz.de/10014194754
The purpose of this paper is to examine the progress in socioeconomic conditions across the major states of India by …
Persistent link: https://www.econbiz.de/10014154852
In recent years there has been a rapid and sustained growth of the service sector in the Indian economy. But unfortunately, while the importance of the services is growing statistical data and other relevant information of the services are abysmally low. There are problems relating to the...
Persistent link: https://www.econbiz.de/10014187326
This paper offers a dynamic model of the foreign exchange market where some investors in the market are more informed than others. By adjusting the proportion of informed investors in the market, it is shown that the disconnect between macroeconomic variables and the exchange rate is sensitive...
Persistent link: https://www.econbiz.de/10009220668
This study explores how shocks in the foreign exchange market influence the allocation of commercial bank assets. A consistent pattern of asset allocation was discovered for Guyanese and Jamaican commercial banks. A positive one standard deviation shock (a surplus) in the foreign exchange market...
Persistent link: https://www.econbiz.de/10009647239
This paper explores the influence of trader (or cambio) market power in determining the foreign exchange market bid-ask spread. In particular, it presents a theoretical model that incorporates the notion of oligopolistic power into the foreign exchange market. The econometric analysis...
Persistent link: https://www.econbiz.de/10005836836