Sekioua, Sofiane; Karanasos, Menelaos - In: Applied Financial Economics 16 (2006) 1-2, pp. 199-211
This study presents additional evidence on the convergence speeds of real exchange rates. Using median unbiased estimation, impulse response analysis and long horizon data sampled annually and monthly, we estimate the speeds at which deviations from purchasing power parity (PPP) die out. Both...