What I find most heartbreaking and strange lately is the story about the M2 growth rate,” said Bank of Korea Governor Rhee ...

Growing remittance flows to emerging and developing economies may lead to real exchange rate appreciation and weaken their competitiveness. While the empirical literature finds mixed results about the ...

This paper addresses a key puzzle in international finance: whether exchange rates follow a random walk or exhibit predictable patterns. We demonstrate that exchange rates can possess a unit root ...

The survey said that the rupee “is punching below its weight”, but that it “does not hurt” to have an undervalued rupee in the current situation as it offsets to some extent the impact of higher ...