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Decomposing the persistence of real exchange rates

✍ Scribed by Malliaropulos, Dimitrios; Panopoulou, Ekaterini; Pantelidis, Theologos; Pittis, Nikitas


Book ID
111926556
Publisher
Springer-Verlag
Year
2012
Tongue
English
Weight
277 KB
Volume
44
Category
Article
ISSN
0377-7332

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## Abstract We examine the relationship between market structure and the persistence of US dollar‐based sectoral real exchange rates for 14 OECD countries. Our empirical results based on disaggregated data suggest that differences in market structure significantly determine the rates at which devia