Minford, Patrick; Peel, David - In: Open Economies Review 18 (2007) 1, pp. 119-125
real interest rates are equal in general. Our second aim is to discuss the theoretical conditions that have to be met for …The purpose in this note is first to review briefly the empirical results on the relationship between real interest … rates and real exchange rates; this empirical literature provides little support for the hypothesis of Roll that expected …