Error correction model estimation of the Canada-US real exchange rate
Using the error correction model, we link the long-run behavior of the Canada-US real exchange rate to its short-run dynamics. The equilibrium real exchange rate is determined by the energy and non-energy commodity prices over the period 1973Q1-1992Q1. However such a single long-run relationship doe...
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| Format: | Others |
| Language: | en |
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University of Saskatchewan
2008
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| Online Access: | http://library.usask.ca/theses/available/etd-01032008-220745/ |