NO : WP-2017-010 AUTHOR :Taniya Ghosh and Soumya Bhadury TITLE :  Money’s Causal Role in Exchange Rate: Do Divisia Monetary Aggregates Explain More? ABSTRACT : We investigate the predictive power of Divisia monetary aggregates in explaining exchange rate variations for India, Israel, Poland, UK and the US, in the years leading … Continue reading IGIDR Working Paper: Money’s Causal Role in Exchange Rate: Do Divisia Monetary Aggregates Explain More?