Rey, Serge; Varachaud, Pascal - Volkswirtschaftliche Fakultät, … - 2000
This article examines the PPP hypothesis, i.e. the proposition that the real exchange rates are stationary, in the case … of Europe. For that purpose, we study the statistical properties of 14 European bilateral real exchange rates against the ….e. the stationarity of the real exchange rates. At the most, some mean-reverting processes are verified. Furthermore, general …