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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Auteurs principaux: | André M. Marques, Fábio Pesavento |
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Format: | article |
Langue: | EN PT |
Publié: |
Universidade de São Paulo
2015
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Accès en ligne: | https://doaj.org/article/9bf30ee5dd2b41adbca2a98704214c17 |
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