Guha-Khasnobis, Basudeb; Ranign, Rajiv - In: Journal of Economic Integration 14 (1999), pp. 114-128
This paper examines the dynamics of the real and nominal exchange rate for India with respect to its major trade … partners, viz., the US, UK, Germany, Japan, France, Canada and Belgium. We test (i) the cross correlations between the nominal … exchange rate and the relative price levels and between the real and nominal exchange rate for short-run analysis (ii) whether …