Estimation of Exchange Rate Exposure in the Presence of Cross-sectional Dependence
Journal of South Asian Development
Published online on September 18, 2025
Abstract
Journal of South Asian Development, Volume 20, Issue 3, Page 306-331, December 2025.
This article investigates exchange rate exposure (at the firm level and overall) of 211 non-financial firms to four major currencies across two overlapping sample periods employing both static (OLS) and dynamic (ARDL, CS-ARDL) estimation techniques. A ...
This article investigates exchange rate exposure (at the firm level and overall) of 211 non-financial firms to four major currencies across two overlapping sample periods employing both static (OLS) and dynamic (ARDL, CS-ARDL) estimation techniques. A ...