Yan, Ho-Don; Chen, Li-Ju; Tseng, Yi-Heng - In: China Economic Policy Review (CEPR) 03 (2014) 02, pp. 1450010-1
Using samples of 25 emerging market countries (EMCs) and 22 industrial countries (ICs), we derive currency misalignment …–Samuelson effect. We then examine factors affecting currency misalignment by focusing particularly on capital inflows and foreign … of other investment — contribute to enhance currency misalignment through overvaluation. We also find that the resurgence …