01710cas a2200253 a 4500 AALejournalIMF007566 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451845556 1018-5941 BD-DhAAL BD-DhAAL Nagayasu, Jun. The Long-Run Relationship Between Real Exchange Rates and Real Interest Rate Differentials : A Panel Study / Jun Nagayasu, Ronald MacDonald. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (12 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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 data for a set of industrialized countries. The paper finds evidence of statistically significant long-run relationships and plausible point estimates, which contrasts with much existing evidence. The failure of others to establish such relationships may reflect the estimation method they use rather than any inherent deficiency of the fundamentals-based models. Mode of access: Internet MacDonald, Ronald. IMF Working Papers; Working Paper ; No. 1999/037 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/037/001.1999.issue-037-en.xml IMF e-Library