Financial crisis and exchange rates in emerging economies: An empirical analysis using PPP-UIP-Framework

This paper empirically investigates the effects of 2008 financial crisis on exchange rate determination in PPP-UIP framework for four emerging countries, using monthly date over the period 1981-2012. The results suggest that the recent financial crisis led to change the role of exchange rate determinants in exchange rate determination. The findings also reveal that the effects of financial crisis on the exchange rate are different in all the four emerging economies. The findings of the study are of significant for policy makers in designing effective policies in order to reduce the effects of financial crisis on exchange rates.


Issue Date:
2013
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/245724
Published in:
Business and Economic Horizons, Volume 09, Issue 4
Business and Economic Horizons
Page range:
86-96
Total Pages:
11
JEL Codes:
C39; F29; F31




 Record created 2017-04-01, last modified 2017-05-02

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