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...
| Autor principal: | |
|---|---|
| Otros Autores: | |
| Formato: | Revista |
| Lenguaje: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
1998.
|
| Colección: | IMF Working Papers; Working Paper ;
No. 1998/069 |
| Acceso en línea: | Full text available on IMF |