It takes the average reader and 18 minutes to read Deviations of Exchange Rates from Purchasing Power Parity by Mr.Tamim Bayoumi
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We examine the mean-reverting properties of real exchange rates, by comparing the unit root properties of a group of international real exchange rates with two groups of intra-national real exchange rates. Strikingly, we find that while the international real rates taken as a group appear mean-reverting, the intra-national rates are not. This is consistent with the view that while monetary shocks may be mean-reverting over the medium term, underlying real factors do generate long-term trends in real exchange rates.
Deviations of Exchange Rates from Purchasing Power Parity by Mr.Tamim Bayoumi is 18 pages long, and a total of 4,644 words.
This makes it 6% the length of the average book. It also has 6% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 25 minutes to read Deviations of Exchange Rates from Purchasing Power Parity aloud.
Deviations of Exchange Rates from Purchasing Power Parity is suitable for students ages 6 and up.
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