Coudert, Virginie; Couharde, Cécile; Mignon, Valérie - In: La Lettre du CEPII (2009) 285
The terms of trade of commodity-exporting countries are directly affected by the large-scale swings of worldwide prices. These terms of trade represent one of the key determinants of the real exchange rates of these economies. By estimating long-term equilibrium exchange rates we can gauge their...
