Real and nominal effective exchange rates for developing countries: 1973:1-1997:3 |
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| Authors: | Mohsen Bahmani-Oskooee Aghdas Mirzai |
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| Institution: | 1. Manpower Research Group, University of Warwick , Warwick , UK;2. Department of Economics , University of Loughborough , Loughborough , UK |
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| Abstract: | The International Monetary Fund construct and publish real and nominal effective exchange rate data, mostly for developed countries. In this paper real and nominal effective rate data for developing countries are constructed. Application of the KPSS test to real effective rate data reveals that PPP holds in most countries. |
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