The Long-Run Relationship Between Real Exchange Rates and Real Interest Rate Differentials : A Panel Study /

This paper empirically examines the long-run relationship between real exchange rates and real interest rate differentials over the recent floating exchange rate period, using a panel cointegration method, with data for a set of industrialized countries. The paper finds evidence of statistically sig...

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Détails bibliographiques
Auteur principal: Nagayasu, Jun
Autres auteurs: MacDonald, Ronald
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 1999.
Collection:IMF Working Papers; Working Paper ; No. 1999/037
Accès en ligne:Full text available on IMF
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100 1 |a Nagayasu, Jun. 
245 1 4 |a The Long-Run Relationship Between Real Exchange Rates and Real Interest Rate Differentials :   |b A Panel Study /  |c Jun Nagayasu, Ronald MacDonald. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1999. 
300 |a 1 online resource (12 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper empirically examines the long-run relationship between real exchange rates and real interest rate differentials over the recent floating exchange rate period, using a panel cointegration method, with data for a set of industrialized countries. The paper finds evidence of statistically significant long-run relationships and plausible point estimates, which contrasts with much existing evidence. The failure of others to establish such relationships may reflect the estimation method they use rather than any inherent deficiency of the fundamentals-based models. 
538 |a Mode of access: Internet 
700 1 |a MacDonald, Ronald. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1999/037 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1999/037/001.1999.issue-037-en.xml  |z IMF e-Library