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On European monetary integration and the persistence of real effective exchange rates

✍ Scribed by Robinson Kruse


Book ID
116494873
Publisher
Elsevier Science
Year
2011
Tongue
English
Weight
169 KB
Volume
8
Category
Article
ISSN
1544-6123

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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