Cuestas, Juan Carlos; Ordoñez, Javier; Camarero, Mariam - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2007
The aim of this paper is to investigate whether there exists a long run relationship between the real exchange rate and the commodity terms of trade in the so-called ¿Mediterranean¿ or MENA countries. These economies are good candidates for this type of formulation, as they can be considered...