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The Equilibrium Real Exchange Rate: Theory and Evidence for Latin America

Michael Connolly and John Devereux

in Fundamental Determinants of Exchange Rates

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198293064
eISBN:
9780191596940
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198293062.003.0005
Subject:
Economics and Finance, Macro- and Monetary Economics, International

Our empirical results suggest that movements in the equilibrium real exchange rate NATREX for Latin American economies over the period 1960–85 can be explained in terms of growth, openness, and ... More


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