𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Disaggregate Real Exchange Rate Behaviour

✍ Scribed by Giorgio Fazio; Peter McAdam; Ronald MacDonald


Publisher
Springer US
Year
2007
Tongue
English
Weight
207 KB
Volume
18
Category
Article
ISSN
0923-7992

No coin nor oath required. For personal study only.


πŸ“œ SIMILAR VOLUMES


Real exchange rate behaviour: evidence f
✍ Kul B. Luintel πŸ“‚ Article πŸ“… 2000 πŸ› John Wiley and Sons 🌐 English βš– 263 KB

The behaviour of real exchange rates (relative to the US dollar) is examined using monthly data obtained from the black markets for foreign exchange of eight Asian developing countries. The data span is 31 years. The black market real exchange rates do not show excess volatility during the recent Β―o

International real interest rate differe
✍ Mark P. Taylor; Lucio Sarno πŸ“‚ Article πŸ“… 2004 πŸ› John Wiley and Sons 🌐 English βš– 115 KB πŸ‘ 1 views

## Abstract According to one strand of the international finance literature, market efficiency implies that the real exchange rate follows a martingale process, in direct conflict with the long‐run absolute purchasing power parity hypothesis, which requires a stationary real exchange rate process.

Real exchange rates and developing count
✍ Angelos Kanas πŸ“‚ Article πŸ“… 2009 πŸ› John Wiley and Sons 🌐 English βš– 495 KB

## Abstract As the real exchange rate of developing countries is especially vulnerable to stochastic events, standard unit root tests do not capture such events adequately. Using a Markov switching extension of the ADF test, which incorporates stochastic regime switching, we address the issue of re