Have economic reforms affected exchange rate pass-through to prices in India?
- 2008
- p.71-79.
- 19 Apr
This paper examines the behaviour of exchange rate pass-through to domestic prices in India after the reforms initiated in the early 1990s. Unlike observed in several countries, it finds a rise in exchange rate pass-through to domestic prices until recent years. Besides economic factors typically associated with economic liberalisation, the persistence of higher inflation is an important factor for the rise in pass-through. - Reproduced.
Exchange rates - India Economic reform - India Economic reform