Japanese Effective Exchange Rates and Determinants : Prices, Real Interest Rates, and Actual and Optimal Current Accounts »
Series: IMF Working Papers
Author(s): Jun Nagayasu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 1998
Keywords: Long-run exchange rates, co-integration, exchange rate, exchange rates, current accounts, equation, statistics
This paper empirically analyzes Japanese long-run exchange rates from several perspectives. Several exchange rate models are considered, including the purchasing power parity, the real interest differential model,...