Predictable Movements in Yen/DM Exchange Rates /
This paper examines the relevance of PPP, the adjustment channel of real exchange rate and the predictability of the movement in nominal exchange rate by studying the behavior of yen/DM exchange rate, using cointegration method. Results support PPP and find that the real exchange rate is mean-revert...
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| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2000.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 2000/143 |
| 在线阅读: | Full text available on IMF |