Preference asymmetry and international reserve accretion in India

Autor:	Vidya Mahambare, Naveen Srinivasan, M. Ramachandran
Rok vydání:	2009
Předmět:	Economics and Econometrics Market economy Depreciation media_common.quotation_subject Economics Rupee Monetary economics Preference (economics) Asymmetry Accretion (finance) media_common
Zdroj:	Applied Economics Letters. 16:1543-1546
ISSN:	1466-4291 1350-4851
Popis:	Reduced-form estimates of the Reserve Bank of India's (RBI) first-order condition indicate that its preferences have been asymmetric with respect to exchange-rate management, with the response to the rate of rupee appreciation being relatively larger than to the rate of rupee depreciation of the same magnitude. This behaviour is shown to account for a sizable fraction of reserve accretion in recent years.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::dc209bee7db05429fa26b0c47572d7a1 https://doi.org/10.1080/13504850701578942 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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