𝔖 Bobbio Scriptorium
✦   LIBER   ✦

The Behavior of Real Interest Rates in Exchange-Rate-Based Stabilization Programs

✍ Scribed by Agenor, Pierre-Richard


Book ID
108533668
Publisher
John Wiley and Sons
Year
1998
Tongue
English
Weight
139 KB
Volume
2
Category
Article
ISSN
1363-6669

No coin nor oath required. For personal study only.


πŸ“œ SIMILAR VOLUMES


The real exchange rate and real interest
✍ Nelson C. Mark; Young-Kyu Moh πŸ“‚ Article πŸ“… 2005 πŸ› John Wiley and Sons 🌐 English βš– 672 KB

Recent empirical work has shown the importance of nonlinear adjustment in the dynamics of real exchange rates and real interest differentials. This work suggests that the tenuous empirical linkage between the real exchange rate and the real interest differential might be strengthened by explicitly a

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.