Exchange rate of India and its Volatility - Couverture souple

Rajaiah, Jayaraj

 
9783639718843: Exchange rate of India and its Volatility
Couverture souple
ISBN 10 : 3639718844 ISBN 13 : 9783639718843
Editeur : Scholars' Press, 2014

Synopsis

Exchange rate volatility makes export earnings and the costs of intermediate goods uncertain. When prices cannot react to exchange rate fluctuations, profit margins have to absorb such volatility. A high level of exchange rate uncertainty, therefore, makes profits unpredictable and hence weighs on investment. Exchange rate volatility that gives rise to adjustment costs would persist for a protracted period. Investment decisions are changed in response to short term uncertainty in profitability of firms. This book reviews world and Indian exchange rate system. And it mainly studies Indian Rupee's volatility against 20 world currencies. The study employs two univariate models which are symmetric and asymmetric that capture common stylized facts of exchange rate volatility clustering and leverage effect. The empirical results show that the conditional volatility is an explosive process of Indian Rupee against the 20 World currencies. It is also found that the volatility of Indian Rupee is persistent against major currencies of the world.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

Exchange rate volatility makes export earnings and the costs of intermediate goods uncertain. When prices cannot react to exchange rate fluctuations, profit margins have to absorb such volatility. A high level of exchange rate uncertainty, therefore, makes profits unpredictable and hence weighs on investment. Exchange rate volatility that gives rise to adjustment costs would persist for a protracted period. Investment decisions are changed in response to short term uncertainty in profitability of firms. This book reviews world and Indian exchange rate system. And it mainly studies Indian Rupee's volatility against 20 world currencies. The study employs two univariate models which are symmetric and asymmetric that capture common stylized facts of exchange rate volatility clustering and leverage effect. The empirical results show that the conditional volatility is an explosive process of Indian Rupee against the 20 World currencies. It is also found that the volatility of Indian Rupee is persistent against major currencies of the world.

Biographie de l'auteur

The author is a faculty of University of Petroleum & Energy Studies, Dehradun, India. He has completed his PhD on exchange rate volatility and international trade. He has published number of research articles in various journals of national and international repute in the area of international trade, macro finance and applied econometrics.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Scholars' Press
Date d'édition
2014
Langue
anglais
ISBN 10 
3639718844
ISBN 13 
9783639718843
Reliure
Broché
Nombre de pages
80
Coordonnées du fabricant
non disponible
Personne responsable
non disponible