Purchasing Power Parities in Five East African Countries : Burundi, Kenya, Rwanda, Tanzania, and Uganda /
In a case study of Burundi, Kenya, Rwanda, Tanzania, and Uganda, this paper finds that bilateral real exchange rates revert to a long-term equilibrium in line with purchasing power parities, implying that these countries constitute an integrated trading zone, their markets are interdependent and arb...
| 1. autor: | |
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| Format: | Czasopismo |
| Język: | English |
| Wydane: |
Washington, D.C. :
International Monetary Fund,
1998.
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| Seria: | IMF Working Papers; Working Paper ;
No. 1998/148 |
| Dostęp online: | Full text available on IMF |