Currency Unions, Product Introductions, and the Real Exchange Rate
We use a novel data set of online prices of identical goods sold by four large global retailers in dozens of countries to study good-level real exchange rates and their aggregated behavior. First, in contrast to the prior literature, we demonstrate that the law of one price holds very well within cu...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
Oxford University Press,
2014-06-30T12:00:50Z.
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| Subjects: | |
| Online Access: | Get fulltext |