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OverviewExchange rate fluctuations affect the value of international investment portfolios, competitiveness of exports and imports, value of international reserves, currency value of debt payments, and the cost to tourists in terms of the value of their currency. Movements in exchange rates, therefore, have significant implications for the economy's business cycle, trade, and capital flows. This book provides a comprehensive analysis of the foreign exchange market in India in terms of participants, instruments and the trading platform, as also turnover and forward premia. The book covers four broad areas: (i) various facets of economic policy with respect to the exchange rate; (ii) the recent global financial crisis and the role of exchange rates therein; (iii) the pattern of capital flows and capital account liberalization; and (iv) modelling and forecasting the exchange rate. The authors contextualize the evolution of the Indian foreign exchange market from a highly regulated market to a deep, liquid, and efficient market in the 1990s, and focus on how large capital flows have impacted the exchange rate policy. More important, they develop a model for the rupee-dollar exchange rate taking into account variables from monetary and micro structure models as well as other variables such as central bank intervention. Full Product DetailsAuthor: Pami Dua (, University of Delhi) , Rajiv Ranjan (, Reserve Bank of India, Mumbai)Publisher: OUP India Imprint: OUP India Dimensions: Width: 14.50cm , Height: 2.40cm , Length: 22.20cm Weight: 0.440kg ISBN: 9780198077206ISBN 10: 0198077203 Pages: 272 Publication Date: December 2012 Audience: College/higher education , Professional and scholarly , Undergraduate , Postgraduate, Research & Scholarly Format: Hardback Publisher's Status: Active Availability: To order  Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us. Table of Contents1. Introduction ; 2. Exchange Rate Regimes ; 3. Exchange Rate and Exchange Rate Policy ; 4. Foreign Exchange Market Structure and Turnover ; 5. Manifestations of the Global Financial Crisis ; 6. Approach to Capital Account Liberalization ; 7. Capital Flows and Central Bank Intervention in the Foreign Exchange Market ; 8. Modelling and Forecasting the Exchange Rate ; 9. Concluding Observations ; ANNEXURE ; DATA DEFINITION AND SOURCES ; REFERENCES ; INDEXReviewsAuthor InformationPami Dua is Professor and Head, Department of Economics, Delhi School of Economics, University of Delhi. Rajiv Ranjan is Director, Department of Economic Analysis and Policy, Reserve Bank of India, Mumbai. Tab Content 6Author Website:Countries AvailableAll regions |
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