Ghosh, Soumya Kanti

RBI intervention in the Forex market: results from a tobit and logit model using daily data - 2002 - p.2333-348. - 15 Jun

The use of a binary dependent variable framework for estimating the impact of daily forex market interventions by central banks is well known in developed countries. However, there are practically no such studies for developing countries, including India. This paper attempts to model the patterns and consequences of RBI's daily intervention in the forex market in a simple binary dependent variable framework. - Reproduced.


Foreign exchange