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Please use this identifier to cite or link to this item: http://hdl.handle.net/2344/866

タイトル: What Explains Real and Nominal Exchange Rate Fluctuations? Evidence from SVAR Analysis for India
著者: Inoue, Takeshi
Hamori, Shigeyuki
井上, 武
羽森, 茂之
キーワード: Exchange Rate
India
RBI
SVAR
India
Foreign Exchange
Issue Date: Oct-2009
出版者: Institute of Developing Economies, JETRO
引用: IDE Discussion Paper. No. 216. 2009. 10
抄録: This study empirically analyzes the sources of the exchange rate fluctuations in India by employing the structural VAR model. The VAR system consists of three variables, i.e., the nominal exchange rate, the real exchange rate, and the relative output of India and a foreign country. Consistent with most previous studies, the empirical evidence demonstrates that real shocks are the main drives of the fluctuations in real and nominal exchange rates, indicating that the central bank cannot maintain the real exchange rate at its desired level over time.
URI: http://hdl.handle.net/2344/866
Appears in Collections:04.IDE Discussion Paper
01.経済、産業(Economy and Industry)/南アジア(South Asian Studies)

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