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IMF Staff papers, Volume 42 No. 3.
- Format:
- Book
- Government document
- Author/Creator:
- International Monetary Fund. Research Dept.
- Series:
- IMF Staff Papers; IMF Staff Papers ; No. 1995/003
- IMF Staff Papers
- Language:
- English
- Physical Description:
- 1 online resource (280 pages)
- Other Title:
- Staff Papers Vol 42 No 3
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 1995.
- Summary:
- This paper analyzes long-term exchange rate modeling. The paper reviews the literature that tests for a unit root in real exchange rates and the closely related work on testing for a unit root in the residual from a regression of the nominal exchange rate on relative prices. It argues that the balance of evidence is supportive of the existence of some form of long-term exchange rate relationship. The paper highlights that the form of this relationship, however, does not accord exactly with a traditional representation of the long-term exchange rate.
- Notes:
- Description based on print version record.
- ISBN:
- 9781455276448
- 1455276448
- 9781455252237
- 1455252239
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