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REAL EXCHANGE RATE PERSISTENCE: EVIDENCE FROM THE WESTERN OFFSHOOTS

โœ Scribed by MING-JEN CHANG; YI-WEN CHEN


Book ID
115226845
Publisher
John Wiley and Sons
Year
2012
Tongue
English
Weight
224 KB
Volume
80
Category
Article
ISSN
1463-6786

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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 ยฏo