Cuestas, Juan Carlos; Mourelle, Estefania - Nottingham Trent University, Nottingham Business … - 2008
In this paper we aim at modelling the long run behaviour of the Real Effective Exchange Rates (REER) for a pool of African countries. Not much attention has been paid to this group of countries, in particular, to the existence of nonlinearities in the long run path of such a variable....