Deviations of Exchange Rates From Purchasing Power Parity : a Story Featuring Two Monetary Unions /
We examine the mean-reverting properties of real exchange rates, by comparing the unit root properties of a group of international real exchange rates with two groups of intra-national real exchange rates. Strikingly, we find that while the international real rates taken as a group appear mean-rever...
| Main Authors: | , |
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| Other Authors: | , |
| Format: | Book |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1998
Washington, D.C. : 1998 |
| Series: | IMF Working Papers ;
Working Paper No. 98/69 IMF Working Papers ; Working Paper no. 98/69 IMF Working Papers; Working Paper ; No. 1998/069 IMF eLibrary |
| Subjects: |