Matches in SemOpenAlex for { <https://semopenalex.org/work/W4381684328> ?p ?o ?g. }
Showing items 1 to 59 of
59
with 100 items per page.
- W4381684328 endingPage "417" @default.
- W4381684328 startingPage "417" @default.
- W4381684328 abstract "The exchange rate theories argue that the parity between two currencies is determined by various macro-economic factors prevailing across economies. It is quite interesting to examine what happened to currency exchange rates in a period of inactivity for the overall economies due to COVID-19 outbreak. In this context a study was carried out during the period of turbulence to empirically test whether foreign exchange market in India moves in accordance with the principles of exchange rate theories. The bound test of co-integration (Pesaran,et.al., 2001) was employed to examine the evidence of a long-run relationship between the macroeconomic variables with the exchange rate of hard currencies such as USD, EUR, GBP and JPY against INR. The cross sectional relationship was further validated by using auto regressive distributed lag (ARDL) model. The absolute version of purchasing power parity theory (PPP) is evident in the Indian foreign exchange market as the analysis established a strong integration of Wholesale Price Index (WPI) and Consumer Price Index (CPI) with leading hard currencies such as USD, EUR and JPY. The association of 364 days Treasury bill return (TBR) and government Bond Return (GBR) further confirmed the postulation of Interest Rate Parity (IRP) theory as any increase in interest rate can cause exchange rate depreciation to INR. Results of this study add to the existing literature by confirming the bondage between price levels across the economies and the exchange rates during COVID-19 crisis. The result urges active market intervention from the policymakers even if the economy is not fully functional." @default.
- W4381684328 created "2023-06-23" @default.
- W4381684328 creator A5024417928 @default.
- W4381684328 date "2023-05-22" @default.
- W4381684328 modified "2023-09-25" @default.
- W4381684328 title "Does FX market in India integrated to exchange rate theories? a review amidst COVID-19" @default.
- W4381684328 doi "https://doi.org/10.22201/fca.24488410e.2023.4643" @default.
- W4381684328 hasPublicationYear "2023" @default.
- W4381684328 type Work @default.
- W4381684328 citedByCount "0" @default.
- W4381684328 crossrefType "journal-article" @default.
- W4381684328 hasAuthorship W4381684328A5024417928 @default.
- W4381684328 hasBestOaLocation W43816843281 @default.
- W4381684328 hasConcept C109888216 @default.
- W4381684328 hasConcept C109913693 @default.
- W4381684328 hasConcept C126285488 @default.
- W4381684328 hasConcept C139719470 @default.
- W4381684328 hasConcept C149782125 @default.
- W4381684328 hasConcept C159009313 @default.
- W4381684328 hasConcept C162324750 @default.
- W4381684328 hasConcept C178131030 @default.
- W4381684328 hasConcept C2776988154 @default.
- W4381684328 hasConcept C536366893 @default.
- W4381684328 hasConcept C556758197 @default.
- W4381684328 hasConcept C69048361 @default.
- W4381684328 hasConcept C82843974 @default.
- W4381684328 hasConceptScore W4381684328C109888216 @default.
- W4381684328 hasConceptScore W4381684328C109913693 @default.
- W4381684328 hasConceptScore W4381684328C126285488 @default.
- W4381684328 hasConceptScore W4381684328C139719470 @default.
- W4381684328 hasConceptScore W4381684328C149782125 @default.
- W4381684328 hasConceptScore W4381684328C159009313 @default.
- W4381684328 hasConceptScore W4381684328C162324750 @default.
- W4381684328 hasConceptScore W4381684328C178131030 @default.
- W4381684328 hasConceptScore W4381684328C2776988154 @default.
- W4381684328 hasConceptScore W4381684328C536366893 @default.
- W4381684328 hasConceptScore W4381684328C556758197 @default.
- W4381684328 hasConceptScore W4381684328C69048361 @default.
- W4381684328 hasConceptScore W4381684328C82843974 @default.
- W4381684328 hasIssue "4" @default.
- W4381684328 hasLocation W43816843281 @default.
- W4381684328 hasOpenAccess W4381684328 @default.
- W4381684328 hasPrimaryLocation W43816843281 @default.
- W4381684328 hasRelatedWork W1564548825 @default.
- W4381684328 hasRelatedWork W1604623313 @default.
- W4381684328 hasRelatedWork W2042332540 @default.
- W4381684328 hasRelatedWork W2286951910 @default.
- W4381684328 hasRelatedWork W2964378557 @default.
- W4381684328 hasRelatedWork W2993582087 @default.
- W4381684328 hasRelatedWork W3122429092 @default.
- W4381684328 hasRelatedWork W3122612529 @default.
- W4381684328 hasRelatedWork W3126356238 @default.
- W4381684328 hasRelatedWork W3165569174 @default.
- W4381684328 hasVolume "68" @default.
- W4381684328 isParatext "false" @default.
- W4381684328 isRetracted "false" @default.
- W4381684328 workType "article" @default.