Series: IMF Working Papers
Author(s): Etienne Yehoue , and Gilles Dufrénot
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2005
Keywords: panel co-integration, common factor, exchange rate, real exchange rate, confidence interval, exchange rates, effective exchange rate, International Economics: General, Simulation Methods,
We combine some newly developed panel co-integration techniques and common factor analysis to analyze the behavior of the real exchange rate (RER) in a sample of 64 developing countries. We study the dynamic of the...