Real exchange rate behaviour: evidence f
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Kul B. Luintel
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Article
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2000
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John Wiley and Sons
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English
โ 263 KB
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