Systematic Movements in Real Exchange Rates in the G-5: Evidence on theIntegration of Internal and External Markets
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Many recent studies have documented the random behavior of real exchange rates. This paper shows that real exchange rates defined for different sectors of an economy move closely together with one another even though each of the sectoral real exchange rates taken alone has a large random component.
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美国国家经济研究局创建时间:
1990-04-01



