Real Exchange Rates and Fundamentals : A Cross-Country Perspective /

This paper employs newly constructed measures for productivity differentials, external imbalances, and commodity terms of trade to estimate a panel cointegrating relationship between real exchange rates and a set of fundamentals for a sample of 48 industrial countries and emerging markets. It finds...

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Detalles Bibliográficos
Autor Principal: Ricci, Luca
Outros autores: Lee, Jaewoo, Milesi-Ferretti, Gian
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2008.
Series:IMF Working Papers; Working Paper ; No. 2008/013
Acceso en liña:Full text available on IMF