Real Exchange Rate Misalignment : A Panel Co-Integration and Common Factor Analysis

A Panel Co-Integration and Common Factor Analysis

Real Exchange Rate Misalignment : A Panel Co-Integration and Common Factor Analysis
We combine some newly developed panel co-integration techniques and common factor analysis to analyze the behavior of the real exchange rate (RER) in a sample of 64 developing countries. We study the dynamic of the RER with its economic fundamentals: productivity, the terms of trade, openness, and government spending. We derive a number of... READ MORE...

Publication date: August 2005
ISBN 9781451861839
$15.00

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