A unified approach to testing for mean reversion of exchange rates and prices: The OECD and Latin American cases
type: CreativeWork
description: The present dissertation is a theoretical and empirical investigation regarding the existence of a long-run relationship between exchange rates and prices. It develops a unified approach to test for mean reversion of exchange rates and prices, bringing together the disequilibrium view and the long-run real exchange rate literatures in such a way that not only exchange rates and relative prices are considered, but also the role played by real factors in explaining long-run behavior of exchange rates and prices. In chapters 2 and 3 we developed some empirical tests for mean reversion of exchange rates and prices for OECD and Latin American countries from 1957 to 1997, while in chapter 4 we have restricted our attention to the floating period for selected OECD countries when we have included some real factors into the analysis.
abstract: The present dissertation is a theoretical and empirical investigation regarding the existence of a long-run relationship between exchange rates and prices. It develops a unified approach to test for mean reversion of exchange rates and prices, bringing together the disequilibrium view and the long-run real exchange rate literatures in such a way that not only exchange rates and relative prices are considered, but also the role played by real factors in explaining long-run behavior of exchange rates and prices. In chapters 2 and 3 we developed some empirical tests for mean reversion of exchange rates and prices for OECD and Latin American countries from 1957 to 1997, while in chapter 4 we have restricted our attention to the floating period for selected OECD countries when we have included some real factors into the analysis.
author: Vieira, Flavio Vilela
keywords: Economics, Finance, Theory
date published: 2002-01-01T08:00:00Z
date modified: 2026-07-24T05:21:54Z
provider: University of New Hampshire
publisher: Networked Digital Library of Theses and Dissertations
type: WebPage
source organization: University of New Hampshire