5. Sub-period and Cross-country Analysis (200 words):
Discuss how the relation5. Sub-period and Cross-country Analysis (200 words):
Discuss how the relation between the three factors above and exchange rates have differed over time
by conducting sub-period analysis. For example, is the relation during the 2000-2022 period different
from the relation in earlier years?
Investigate how the relation between the three factors above and exchange rates are similar and
different across India and China. Can these differences be explained by the exchange rate regimes of
these countries? Can they be explained by nation and global events?
