Series: IMF Working Papers
Author(s): Ratna Sahay , Luis Céspedes , and Paul Cashin
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2002
Keywords: Exchange rate, developing country, real exchange rate, exchange rates, real exchange rates, reer, Open Economy Macroeconomics,
This paper examines whether the real exchange rates of commodity-exporting countries and the real prices of their commodity exports move together over time. Using IMF data on the world prices of 44 commodities and...