Kim, Yoonbai - In: International Economic Journal 11 (1997) 1, pp. 87-108
This Paper analyzes the role of real disturbances in the real dollar exchange rates of the mark, yen and the pound both during the post-1973 float and in the long-run historical date. The results indicate dominate roles of real shocks in all three exchange rates in the post-1973 float although a...