IJRAR(ISSN 2348 –1269, Print ISSN 2349-5138 ) | UGC Approved Journal | UGC Journal | UGC

International Journal of Research and Analytical Reviews (IJRAR)

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E-ISSN 2348-1269, P- ISSN 2349-5138 | Impact factor: 5.75 | ESTD Year: 2014

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  Published Paper Details:

  Paper Title  

THE DOMINION EFFECT OF BANK CRISIS & EXCHANGE RATE`

  Authors

  Gaurav Singh

  Keywords

Bank, Bank Crisis, USD, INR, PNB

  Abstract


A bank is a place that will lend you money if you can prove that you don't need it. This paper aims to establish causality between a banking crisis and a currency crisis and the extent to which both can be correlated. It specifically focuses on the recent Punjab National Bank scam associating it with the downfall in rupee against the USD. The paper initially studies the aforesaid events individually analyzing their footing and later studying them in unison. During the casualty study, we used the USD INR exchange rate and the stock prices of the PNB bank to study the hypothecated relationship between them. We obtained the currency exchange rates of 60 days pre and post the said scam and the stock prices of the PNB (PNBK) for the same period. On utilization of the statistical tools on the collected variables, it is found that there is a significant relationship between the two. As the scam unearthed, the stock prices of the bank fell whereas the exchange rate rose to beat the previous highs by significant margins. There are many other factors which drive the currency rate fluctuations but the banking sector of an economy is arguably at the center of it. It is quite basic to infer that a significant event of such magnitude in one of the leading private sector banks might have an adverse effect on the currency rates as a considerable part of the banks balance sheet constitutes foreign assets and liabilities.

  Cite this article

  Gaurav Singh,   "THE DOMINION EFFECT OF BANK CRISIS & EXCHANGE RATE`", IJRAR - International Journal of Research and Analytical Reviews (IJRAR), E-ISSN 2348-1269, P- ISSN 2349-5138, Volume.5, Issue 4, Page No pp.251-257, October 2018, Available at : http://www.ijrar.org/IJRAR190I026.pdf  

  IJRAR's Publication Details

  Unique Identification Number - IJRAR190I026

  Paper ID - 192296

  Page Number(s) - 251-257

  Pubished in - Volume 5 | Issue 4 | October 2018

  DOI (Digital Object Identifier) -   

  Publisher Name - IJRAR | www.ijrar.org | E-ISSN 2348-1269, P- ISSN 2349-5138

  E-ISSN 2348-1269, P- ISSN 2349-5138

  Cite this article

  Gaurav Singh,   "THE DOMINION EFFECT OF BANK CRISIS & EXCHANGE RATE`", IJRAR - International Journal of Research and Analytical Reviews (IJRAR), E-ISSN 2348-1269, P- ISSN 2349-5138, Volume.5, Issue 4, Page No pp.251-257, October 2018, Available at : http://www.ijrar.org/IJRAR190I026.pdf

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The IJRAR - International Journal of Research and Analytical Reviews (IJRAR) aims to explore advances in research pertaining to applied, theoretical and experimental Technological studies. The goal is to promote scientific information interchange between researchers, developers, engineers, students, and practitioners working in and around the world.


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