Exchange rate misalignment and economic growth in India

Akram, Vaseem and Rath, Badri Narayan and Jahera, JohnS (2017) Exchange rate misalignment and economic growth in India. Journal of Financial Economic Policy. 00-00. ISSN 1757-6385 (In Press)

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Our results find an overvaluation of exchange rate till 2000 and thereafter, undervaluation of exchange rate prevails in India. Further, the result indicates that an increase in exchange rate misalignment leads to a decrease in economic growth and vice-versa. In other way, a positive misalignment (overvaluation) hurts the economic growth and negative misalignment (undervaluation) promote the economic growth. The study contributes to the existing literature by estimating the exchange rate misalignment for India and its impact on economic growth.

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IITH Creators:
IITH CreatorsORCiD
Rath, Badri Narayan
Item Type: Article
Uncontrolled Keywords: exchange rates, economic growth, India
Subjects: Social sciences > Political Science & Economics
Divisions: Department of Liberal Arts
Depositing User: Team Library
Date Deposited: 26 Sep 2017 04:12
Last Modified: 26 Sep 2017 04:12
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