The Long-Run Relationship Between Real Exchange Rates and Real Interest Rate Differentials : A Panel Study »
Series: IMF Working Papers
Author(s): Jun Nagayasu , and Ronald MacDonald
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 1999
Keywords: Real exchange rates, real interest rates, panel cointegration, cointegration, exchange rate, exchange rates, real exchange rate
This paper empirically examines the long-run relationship between real exchange rates and real interest rate differentials over the recent floating exchange rate period, using a panel cointegration method, with dat...