Do Hong Kong SAR and China Constitute An Optimal Currency Area? : An Empirical Test of the Generalized Purchasing Power Parity Hypothesis /
The paper explores the behavior of the long-run real exchange rate (RER) of Hong Kong SAR and China by testing the generalized-purchasing power parity hypothesis (G-PPP). The hypothesis argues that if the fundamental variables determining RERs are sufficiently integrated, as in a currency area, the...
| Autor Principal: | |
|---|---|
| Formato: | Revista |
| Idioma: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
1999.
|
| Series: | IMF Working Papers; Working Paper ;
No. 1999/079 |
| Acceso en liña: | Full text available on IMF |