@techreport{oai:ir.ide.go.jp:00037953,
 author = {Inoue, Takeshi and Hamori, Shigeyuki},
 month = {Oct},
 note = {application/pdf, IDP000216_001, 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.},
 title = {What Explains Real and Nominal Exchange Rate Fluctuations? Evidence from SVAR Analysis for India},
 year = {2009}
}