Searching for nonlinearities in real exchange rates
نویسندگان
چکیده
منابع مشابه
Nonlinearities and Real Exchange Rate Dynamics
We con...rm the presence of substantial non-linearities in real exchange rate dynamics at the sectoral level. There exists zones where arbitrage is not pro...table because of transaction costs, and thus mean reversion is inexistent. We compute the speed of mean reversion of sector speci...c real exchange rates, conditional on the existence of arbitrage as implied by our non-linear estimations, ...
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ژورنال
عنوان ژورنال: Applied Economics
سال: 2011
ISSN: 0003-6846,1466-4283
DOI: 10.1080/00036840902817797