... samples; onlyKorea, Pakistan, Thailand, and Zimbabwe appear in both.Long-Run CorrelationsFirst we examine the relationships between the averagerate of money growth and the average of the annual ... eliminated Iceland, Maldives, and Morocco from the money market rate sam-ple because although these countries’ interest rate data span at least 14 years, several of their individual yearly observations ... 2001.ReferencesAlvarez, Fernando; Atkeson, Andrew; and Kehoe, Patrick J. Forthcoming. Money, in-terest rates, and exchange rates with endogenously segmented markets. Journal of Political Economy.Alvarez,...