Series: IMF Working Papers
Author(s): Emilio Pineda , Paul Cashin , and Yan Sun
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2009
Keywords: Equilibrium real exchange rate, tourism exports, panel estimation, ECCU, exchange rate, real exchange rate, current account, current account balance,
This paper uses three methods to assess movements of real exchange rates in the ECCU over time. First, the purchasing power parity hypothesis is tested and then used to provide a benchmark for equilibrium real exch...