Holtemöller, Oliver; Mallick, Sushanta - In: Economic Modelling 34 (2013) C, pp. 5-14
Based on 69 sample countries, this paper examines the effect of macroeconomic fundamentals on real effective exchange rates (REER) in these sample countries. Using the misalignment of actual REER from its equilibrium level, we have estimated the factors explaining the extent of currency over- or...
