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Trends in real exchange rate behavior in selected developing countries (Inglés)

This paper analyzes several aspects of real exchange rate behavior in developing countries. First, it provides a clarifying and comprehensive review of the different definitions of "the" real exchange rate that have appeared in the literature. Second, it discusses in detail alternative measures of real exchange rates and compares the behavior of these different indexes. Third, it provides actual quarterly series of trade weighted effective real exchange...
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