Volatility of macroeconomic fundamentals and real exchange rate volatility in India: a correlational approach

UNSPECIFIED (2016) Volatility of macroeconomic fundamentals and real exchange rate volatility in India: a correlational approach. Journal of Media and Social Development, 6 (1). pp. 22-28. ISSN 2320-8244

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Abstract

This paper attempts to analyse the impact of the volatility of macroeconomic fundamentals on the volatility of real exchange rate of the Indian rupee for the period 1996-97 to 2015-16. The conditional variances of the variables are used as proxies for the measurement of volatility. The results of the correlation analysis indicate that there is a moderate impact of macroeconomic fundamentals on real exchange rate behaviour. Further, the results of the volatility analysis indicate that the macroeconomic fundamentals and real exchange rate are correlated not only in their level forms, but their volatilities are also correlated.

Item Type: Article
Uncontrolled Keywords: Macroeconomy, Volatility, Indian rupee, Foreign exchange
Subjects: A Arts and Humanities > Economics
Divisions: Department of > Economics and Cooperation
Depositing User: Dr Raju C
Date Deposited: 19 Jul 2021 06:05
Last Modified: 10 Feb 2023 05:19
URI: http://eprints.uni-mysore.ac.in/id/eprint/16868

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