Drine, Imed; Rault, Christophe - In: Revue d’économie du développement 13 (2005) 1, pp. 123-150
examine the main long-run determinants of real exchange rate. We consider here a sample of 45 developing countries, divided … having a reference to assess the degree of distortion of real exchange rate is not as simple as it can be thought with the … PPP concept. The real exchange rate is effectively at the centre of an economic spiral and its value depends on the …