1 option
Long-Run Exchange Rate Dynamics : A Panel Data Study / Karl Habermeier, Mario Mesquita.
- Format:
- Book
- Government document
- Author/Creator:
- Habermeier, Karl.
- Series:
- IMF Working Papers; Working Paper ; No. 1999/050
- IMF Working Papers
- Language:
- English
- Physical Description:
- 1 online resource (25 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 1999.
- Language Note:
- English
- Summary:
- Long-run movements of real exchange rates are studied using a panel data set comprising 51 economies. The purchasing power parity hypothesis (PPP) is examined first using unit root tests. It is found that PPP does not hold for the full sample of countries, but it may hold for the advanced economies, as well as open and high-inflation economies. Using the recently developed mean group and pooled mean group estimators, the paper finds support for the Balassa-Samuelson hypothesis in both advanced and developing economies; and for the influence of shifts in the terms of trade.
- Notes:
- Bibliographic Level Mode of Issuance: Monograph
- Description based on print version record.
- ISBN:
- 9786613783585
- 9781462338931
- 1462338933
- 9781452727073
- 1452727074
- 9781281602893
- 1281602892
- 9781451894035
- 1451894031
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.