Exchange Rates and Transparency

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Presentation transcript:

Exchange Rates and Transparency Sachin Gupta & Payaum Sanatkar

Question Is there a correlation between a country’s level of transparency and their exchange rate regimes? X: Level of Transparency Y: Exchange Rate Regime

Hypothesis Yes.

Literature Page

Broz Exchange Rate Data Method Broz Exchange Rate Data & the HRV Index Stata Analysis: Mean X: .6267901 Mean Y: 2.986979 Fixed (High DV) Floating (Low DV) High Transparency Low Probability Expected Low Transparency Low Propability

Results

Correlation Co-Efficient: Results Correlation Co-Efficient: DV & Transparency: -.3267

Implications International Finance and Trade Predicting future markets and fiscal policy decisions

Case Studies

WE ARE [still trying to figure out Stata] GEORGETOWN!