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In a study of nine Asia-Pacific countries' real exchange rates, <link rid="b6">Chinn (2000)</link> finds some evidence in support of the <link rid="b1">Balassa (1964)</link> and <link rid="b20">Samuelson (1964)</link> hypothesis. His findings, however, are based on the application of a model containing several potentially restrictive simplifying assumptions to...
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