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...
| Tác giả chính: | |
|---|---|
| Định dạng: | Tạp chí |
| Ngôn ngữ: | English |
| Được phát hành: |
Washington, D.C. :
International Monetary Fund,
1999.
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| Loạt: | IMF Working Papers; Working Paper ;
No. 1999/079 |
| Truy cập trực tuyến: | Full text available on IMF |