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Keywords: Macroeconomic conditions
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Journal Articles
Journal of Economic Studies (2011) 38 (5): 562–576.
Published: 27 September 2011
...) and the interest rates differential in El Salvador, employment in California, and M2 as a measure of the stance of US monetary policy. These variables are intended to capture macroeconomic conditions in the host and home countries. Findings The study finds that all variables share a common trend and a common...

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