The real exchange rate determination: empirical evidence from Malaysia
The large and persistent deviations of nominal exchange rates from their purchasing power parities comprise a key stylized fact in international economics. This paper sheds light on these persistent deviations by combining two disparate strands of empirical work. The first strand focuses on real eco...
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Format: | Article |
Language: | English |
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World Scientific Publishing Co. Pte Ltd.
2014
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Online Access: | https://eprints.ums.edu.my/id/eprint/21395/1/The%20Real%20Exchange%20Rate%20Determination.pdf |