000			01049pab a2200157 454500
008			180718b2002 xxu||||| |||| 00| 0 eng d
100			_aKohli, Renu
245			_aReal exchange rate stationarity in managed floats: evidence from India.
260			_c2002
300			_ap.475-82
362			_a2 Feb
520			_aThe paper tests for mean-reversion in real exchange rates for India during the recent float period. Using unit root tests with improved power, we test for stationarity of the real exchange rate, using several definitions of the real exchange rate. We also conduct cointegration and variance ratio tests to complement the evidence from unit root tests. We find evidence of mean-reversion in th real exchange rate series constructed with the consumer price index as deflator, as well as for a series constructed using the ratio of wholesale and consumer price indices to proxy for the shares of tradable and non-tradable goods. - Reproduced.
650			_aExchange rates
773			_aEconomic and Political Weekly
909			_a51201
999			_c51201 _d51201