Real exchange rates and structural breaks: evidence for the Spanish peseta
AbstractThis paper analyses the fulfilment of the long-run PPP hypothesis between the Spanish Peseta and the currencies of the most important trade partners of the Spanish Economy. We show that the bilateral real exchange rate of the Spanish Peseta can be characterized as being stationary around a mean which exhibits some changes in its evolution.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics Letters.
Volume (Year): 6 (1999)
Issue (Month): 6 ()
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