This paper empirically examines the post-1991 trade dynamics in India in terms of their impact on foreign exchange reserves by estimating export and import functions for the period from January 1994 to October 2008. Implementing the Johansen (1995) maximum likelihood method of cointegration and...

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...

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...