Nonlinear Adjustment Of Real Exchange Rates Towards Purchasing Power Parity And The Asian Financial Crisis

• المؤلفون الرئيسيون: Liew, Venus Khim-Sen, Ahmad Zubaidi, Baharumshah, Lim, Kian-Ping
• التنسيق: E-Article
• اللغة: English
• منشور في: Universiti Malaysia Sarawak, (UNIMAS) 2005
• الموضوعات: HB Economic Theory
• الوصول للمادة أونلاين: http://ir.unimas.my/id/eprint/18662/1/Vol%206%20no.1%28abs5%29.pdf; http://ir.unimas.my/id/eprint/18662/; http://www.ijbs.unimas.my/index.php/content-abstract/all-issues/16-vol-6-no-1-2005/75-nonlinear-adjustment-of-real-exchange-rates-towards-purchasing-power-parity-and-the-asian-financial-crisis

This paper investigates the underlying dynamics of the adjustment process of the deviations of two selected ASEAN exchange rates from long-run equilibrium level as suggested by the well-known purchasing power parity (PPP) hypothesis. To accomplish this task, we estimate the standard linearity test...