Financial Crisis and Exchange Rates In Emerging Economies: an Empirical Analysis Using PPP-UIP-Framework

• Autorzy: Abdul Rashid , Mashael Bin Saedan
• Języki publikacji: EN

Abstrakty

EN

This paper empirically investigates the effects of 2008 financial crisis on exchange rate determination in PPP-UIP framework for four emerging countries, using monthly date over the period 1981-2012. The results suggest that the recent financial crisis led to change the role of exchange rate determinants in exchange rate determination. The findings also reveal that the effects of financial crisis on the exchange rate are different in all the four emerging economies. The findings of the study are of significant for policy makers in designing effective policies in order to reduce the effects of financial crisis on exchange rates.(original abstract)

Słowa kluczowe

EN

Economic crisis; Exchange rates; Emerging markets

PL

Kryzys gospodarczy; Kurs walutowy; Rynki wschodzące

• Czasopismo: Business and Economic Horizons
• Rocznik: 2013
• Numer: vol. 9, iss. 4
• Strony: 86--96

Twórcy

autor

Abdul Rashid

• International Institute of Islamic Economics (IIIE), Islamabad, Pakistan

autor

Mashael Bin Saedan

• Dar al Uloom University, Riyadh, Saudi Arabia

Bibliografia

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Identyfikatory

DOI

10.15208/beh.2013.24