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Black market exchange rates versus official exchange rates in testing purchasing power parity: an examination of the Iranian rial

โœ Scribed by Bahmani-Oskooee, Mohsen

Book ID
120442590
Publisher
Taylor and Francis Group
Year
1993
Tongue
English
Weight
745 KB
Volume
25
Category
Article
ISSN
0003-6846

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## Abstract We examine the purchasing power parity (PPP) hypothesis using a unique panel of monthly data on black market exchange rates for 34 emerging market economies. We apply a large number of recent heterogeneous panel unit root and cointegration tests. Panel unit root tests reject mean revers