Title of article :
The long-run behaviour of the real exchange rate: evidence from colonial Pennsylvania
Author/Authors :
Taufiq Choudhry، نويسنده , , Kul B. Luintel، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2001
Abstract :
This paper empirically investigates the time series properties of real exchange rate between Great Britain and colonial Pennsylvania during 1727–1775. Results provide ample evidence of mean-reversion in the real exchange rate.
Keywords :
ARFIMA , exchange rate , Mean-reversion , Fractionally-integrated , Variance ratio
Journal title :
Economics Letters
Journal title :
Economics Letters
