Taguchi, Hiroyuki; Murofushi, Harutaka; Tsuboue, Hironao - In: Economics Bulletin 29 (2009) 4, pp. 2924-2936
This paper examines exchange rate regimes from the viewpoint of the validity of purchasing power parity (PPP). Specifically, we analyze real exchange rate behavior under various classifications of exchange rate arrangement through panel unit root tests, and also investigate the adjustment speed...