Real Exchange Rate Stabilisation and Managed Floating: Exchange Rate Policy in

Essay specific features

 

Issue:

Business

 

Written by:

Dorothy F

 

Date added:

March 8, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1130

 

Was viewed:

4140 times

 

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Essay content:

This is tempered with purchasing power parity considerations as evidenced by the central bank's response to deviations of the spot rate from moving relative prices' target. This indicates a real exchange rate stabilisation policy by the Indian authorities. Keywords: Exchange rate; intervention; exchange rate management; purchasing power parity; real exchange rate; managed floating; exchange rate target; JEL Classification Nos...
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E 58, F3, F31 * The author is employed by the Reserve Bank of India and currently on deputation to ICRIER. The views expressed here are however, the author's own and not of the institution to which she belongs. The support of Ford Foundation is gratefully acknowledged. I am grateful to John Williamson, Montek Ahluwalia, Michael Melvin, Prof...
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