Beyond Carry and REER
what do you mean by "In the case of EM, REERs should in theory even rise over time to converge with DMs (rather than mean-revert)." ?
what does the "rise" mean, the best if you can answer on a concrete case.
what do you mean by "In the case of EM, REERs should in theory even rise over time to converge with DMs (rather than mean-revert)." ?
what does the "rise" mean, the best if you can answer on a concrete case.