Series: IMF Working Papers
Author(s): Hong Liang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 1998
Keywords: Exchange rate regimes, real exchange rate, volatility, exchange rate, exchange rates, nominal exchange rate
A recent study by Grilli and Kaminsky (1991) argues that real exchange rate (RER) behavior is likely to be dependent on the particular historical period rather than on the nominal exchange rate arrangement itself....