Black Market and Official Exchange Rates: Long-run Equilibrium and Short-run Dynamics
نویسندگان
چکیده
منابع مشابه
Black Market and Official Exchange Rates: Long-run Equilibrium and Short-run Dynamics
This paper provides further empirical results on the relationship between black market and official exchange rates in six emerging economies (Iran, India, Indonesia, Korea, Pakistan, and Thailand). First, it applies both time series techniques and heterogeneous panel methods to test for the existence of a long-run relation between these two types of exchange rates. Second, it tests formally the...
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ژورنال
عنوان ژورنال: Review of International Economics
سال: 2008
ISSN: 0965-7576,1467-9396
DOI: 10.1111/j.1467-9396.2007.00709.x