Series: IMF Working Papers
Author(s): Ronald MacDonald , and Tamim Bayoumi
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 1998
Keywords: Exchange rates, stationarity, real exchange rates, exchange rate, real exchange rate, international financial
We examine the mean-reverting properties of real exchange rates, by comparing the unit root properties of a group of international real exchange rates with two groups of intra-national real exchange rates. Striking...