Zhang, Tengfei; Li, Tianxiang; Baležentis, Tomas; … - In: Journal of business economics and management 21 (2020) 2, pp. 543-563
The objective of this paper is to test whether the complete pass-through of exchange rate exists when there are almost no transaction costs and in the environment of competitive market. In general, the literature claims that the pass-through of exchange rate is incomplete due to imperfect...
