On the Relationship Between Nominal and Real Effective Exchange Rates in India: Evidence from the ARDL Bounds Tests.
Z Nain, B Kamaiah - IUP Journal of Applied Economics, 2012 - search.ebscohost.com
Z Nain, B Kamaiah
IUP Journal of Applied Economics, 2012•search.ebscohost.comThis study investigates the relationship between nominal and real effective exchange rates.
Both short run and long run relationships between the two are examined by employing
Autoregressive Distributed Lag (ARDL) bounds testing approach to cointegration. The
results of the study reveal that nominal and real exchange rates bear a long-run relationship
(cointegrated), while the error correction results confirm short-run deviations in the
relationship.
Both short run and long run relationships between the two are examined by employing
Autoregressive Distributed Lag (ARDL) bounds testing approach to cointegration. The
results of the study reveal that nominal and real exchange rates bear a long-run relationship
(cointegrated), while the error correction results confirm short-run deviations in the
relationship.
Abstract
This study investigates the relationship between nominal and real effective exchange rates. Both short run and long run relationships between the two are examined by employing Autoregressive Distributed Lag (ARDL) bounds testing approach to cointegration. The results of the study reveal that nominal and real exchange rates bear a long-run relationship (cointegrated), while the error correction results confirm short-run deviations in the relationship.
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