Searching for long-range dependence in real effective exchange rate: towards parity? A fractional approach

After the widespread adoption of flexible exchange rate regime since 1973, the volatility of the exchange rate has increased, as a consequence of greater trade openness and financial integration among countries. Thus, it has become difficult to find concrete evidence of the purchasing power parity...

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Bibliographic Details
Main Authors: André M. Marques, Fábio Pesavento
Format: article
Language:EN
PT
Published: Universidade de São Paulo 2015
Subjects:
Online Access:https://doaj.org/article/9bf30ee5dd2b41adbca2a98704214c17
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