What Caused the 1991 Currency Crisis in India?

What Caused the 1991 Currency Crisis in India?
Did real overvaluation contribute to the 1991 currency crisis in India? This paper seeks an answer by constructing the equilibrium real exchange rate, using an error correction model and a technique developed by Gonzalo and Granger (1995). The results are affirmative and the evidence indicates that current account deficits and investor... READ MORE...

Publication date: October 2000
ISBN 9781451857481
$15.00

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