This study investigates whether exchange rate flexibility aids real exchange rate adjustment based on intra-period data … produces faster or slower real exchange rate adjustment than the much less flexible official rate does. Half-life estimates of … adjustment speeds are obtained using fractional time series analysis. We find no systematic evidence that greater exchange rate …

This study investigates whether exchange rate flexibility aids real exchange rate adjustment based on intra-period data … produces faster or slower real exchange rate adjustment than the much less flexible official rate does. Half-life estimates of … adjustment speeds are obtained using fractional time series analysis. We find no systematic evidence that greater exchange rate …

This study investigates whether greater nominal exchange rate flexibility aids real exchange rate adjustment based on … rate produces faster real exchange rate adjustment than the less flexible official rate does. Half-life estimates of … adjustment speeds are obtained from fractional time series analysis. We find no systematic evidence that greater exchange rate …

rate adjustment based on data from dual exchange rates in developing countries. Specifically, we analyze whether the more … flexible parallel market rate produces faster real exchange rate adjustment than the less flexible official rate does. Half …-life estimates of adjustment speeds are obtained from fractional time series analysis. We find no systematic evidence that greater …

considered include New Zealand's experience with a pure float, the use of the theory of optimal currency areas to assess whether … contribution to understanding international monetary problems in the developing world …