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- W2058842906 abstract "We examine the effects of the terms of trade and the expected real interest rate differential on the real exchange rate in small, open, developed economies. We employ cointegration analysis to search for long-term linkages. We find that while both the terms of trade and the expected real interest rate differentials affect the real exchange rate in the long run, the role of the terms of trade generally proves more consistent. The speed of adjustment for the expected real interest rate differential in the error-correction model, however, is quantitatively larger than it is for the terms of trade." @default.
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- W2058842906 date "2004-04-13" @default.
- W2058842906 modified "2023-09-24" @default.
- W2058842906 title "The Real Exchange Rate in Small, Open, Developed Economies: Evidence from Cointegration Analysis" @default.
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