Real Exchange Rate Misalignments

This paper investigates episodes of real exchange rate appreciations and depreciations for a sample of 85 countries, from 1960 to 1998. The equilibrium real exchange rate series are constructed by estimating cointegration vectors with fundamentals, and departures from it are obtained. A Markov Switc...

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Bibliographic details
Main Author: Terra, Cristina T
Format: Paper
Language: English
Place of publication: 2009
Related: THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise
Data of publication: 2009
Series: THEMA Working Papers
Online Access: available in Bonn?
Database: RePEc IDEAS
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