This note s the real exchange rate behavior observed by Lothian (1998). Specifically, we investigate the volatility of the U.S. dollar relative to other major currencies using d data, and reestimate the real exchange rate using alternative currency baskets. The results confirm Lothian's...

Although the real interest rate parity (RIRP) hypothesis has been extensively tested, there are no conclusive findings. We argue that the mixed findings are a result of the different methods used to calculate the real interest rate. In this article, we examine whether the RIRP holds for four...

This note s the real exchange rate behavior observed by Lothian (1998). Specifically, we investigate the volatility of the U.S. dollar relative to other major currencies using d data, and reestimate the real exchange rate using alternative currency baskets. The results confirm Lothian's...

Prior research has found that countries rich in resources grow slower than countries with few natural resources. This paper re-examines the natural resource curse using updated data. In addition, the robustness of the results to various sample choices is investigated. The resource curse appears...