limited support for a simple arbitrage view. The deviations of real exchange rates and trade from trend are virtually … reversion. Both may, of course, reflect expectations of trade responses, opening an indirect role for incipient arbitrage in …The presence of purchasing power parity is often attributed to the exploitation of arbitrage opportunities in goods …

limited support for a simple arbitrage view. The deviations of real exchange rates and trade from trend are virtually … reversion. Both may, of course, reflect expectations of trade responses, opening an indirect role for incipient arbitrage in …The presence of purchasing power parity is often attributed to the exploitation of arbitrage opportunities in goods …

-the-board declines, entailed increases in tariffs that are proving detrimental to international trade and thereby affecting the Spanish … risks underscore the role of the EU in promoting international trade agreements, such as those recently entered into with …