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...

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Xehetasun bibliografikoak
Egile nagusia: MacDonald, Ronald
Beste egile batzuk: Bayoumi, Tamim
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 1998.
Saila:IMF Working Papers; Working Paper ; No. 1998/069
Sarrera elektronikoa:Full text available on IMF