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What Caused the 1991 Currency Crisis in India?
By:Valerie Cerra,Sweta Chaman Saxena
Published on 2000-10-01 by International Monetary Fund

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 confidence also played significant roles in the sharp exchange rate depreciation. The ECM model is supported by superior out-of-sample forecast performance versus a random walk model.

This Book was ranked at 34 by Google Books for keyword Currency.

Book ID of What Caused the 1991 Currency Crisis in India?'s Books is b63UKiDA5EAC, Book which was written byValerie Cerra,Sweta Chaman Saxenahave ETAG "rmtO5WvhoEQ"

Book which was published by International Monetary Fund since 2000-10-01 have ISBNs, ISBN 13 Code is and ISBN 10 Code is

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