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Real exchange rate dynamics in transition economies

✍ Scribed by Fabrizio Coricelli; Boštjan Jazbec

Book ID
117646787
Publisher
Elsevier Science
Year
2004
Tongue
English
Weight
236 KB
Volume
15
Category
Article
ISSN
0954-349X

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## ABSTRACT This article examines the behaviour of the real exchange rates for 18 transition economies using nonlinear models. We find strong evidence of nonlinearities in 16 of the 18 countries. Contrary to widely held belief that the behaviour of real exchange rates should exhibit symmetrical adj