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The aim of this paper is to provide new empirical evidence on the impact of international financialintegration on the long-run Real Exchange Rate (RER) in 39 developing countries belonging to threedifferent geographical regions (Latin America, Asia and MENA). It covers the period 1979-2004,...
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We examine the effects of the Czech National Bank communication, macroeconomic newsand interest rate differential on … bank communicationhas a calming effect on exchange rate volatility. The timing of central bank communicationseems to matter …
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