Market structure and the persistence of
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Yin-Wong Cheung; Menzie Chinn; Eiji Fujii
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Article
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2001
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John Wiley and Sons
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English
β 179 KB
π 1 views
## Abstract We examine the relationship between market structure and the persistence of US dollarβbased 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