Bouoiyour, Jamal; Rey, Serge - In: African development review 17 (2005) 2, pp. 302-334
The authors study the behavior of the Real Effective Exchange Rate (REER) of the dirham against the European currencies (the EU15), over the period 1960-2000 (annual data). They measure the volatility using standard deviation, and the misalignments as the difference between the actual REER and...
