Deviations of Exchange Rates from Purchasing Power Parity : A Story Featuring Two Monetary Unions /

We examine the mean-reverting properties of real exchange rates, by comparing the unit root properties of a group of international real exchange rates with two groups of intra-national real exchange rates. Strikingly, we find that while the international real rates taken as a group appear mean-rever...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: MacDonald, Ronald
مؤلفون آخرون: Bayoumi, Tamim
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 1998.
سلاسل:IMF Working Papers; Working Paper ; No. 1998/069
الوصول للمادة أونلاين:Full text available on IMF