Cerrato, Mario; Kim, Hyunsok - 2009
al. (2002) demonstrates empirically that estimates show stronger
mean reversion when the real exchange rate is below the … as follows. In the next section we
provide an overview of the existing analysis of real exchange rate behaviour, from
the … real exchange rate modeling using
black market exchange rates are contained in section 5. Section 6 concludes the
paper.
4 …