Exchange rate pass-through patterns are changing – RBI paper

Pass-through in emerging markets is non-linear, asymmetric and falling, the authors find

india-pattern

The extent to which exchange rate fluctuations pass through to prices in emerging markets has changed since the financial crisis, research published by the Reserve Bank of India finds.

Authors Michael Debabrata Patra, Jeevan Kumar Khundrakpam and Joice John draw together several strands of literature on pass-through, which they note has “gained depth and sophistication” in recent years.

They assess the degree of pass-through for 17 “systemic” emerging market economies since 2005, accounting

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: