Real exchange rates and structural breaks:: evidence for the Spanish peseta

被引：8

作者：

Montañés, A ^{[1
]}

Clemente, J ^{[1
]}

机构：

[1] Fac Ciencias Econ & Empresariales, Dept Analisis Econ, Zaragoza, Spain

来源：

APPLIED ECONOMICS LETTERS | 1999年 / 6卷 / 06期

关键词：

D O I：

10.1080/135048599353050

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper analyses the fulfilment of the long-run PPP hypothesis between the Spanish Peseta and the currencies of the most important trade partners of the Spanish Economy. We show that the bilateral real exchange rate of the Spanish Peseta can be characterized as being stationary around a mean which exhibits some changes in its evolution.

引用

页码：349 / 352

页数：4

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