Are Asian real exchange rates stationary?
By applying the newly developed nonlinear stationary test advanced by Kapetanios et al. [Journal of Econometrics 112 (2003) 359] in examining the stationary property of 11 Asian real exchange rates, this paper rejects unit root in 8 US dollar-based and 6 Japanese yen-based rates, whereas the augment...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2004
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| Online Access: | http://psasir.upm.edu.my/id/eprint/40288/1/Are%20Asian%20real%20exchange%20rates%20stationary.pdf http://psasir.upm.edu.my/id/eprint/40288/ http://www.sciencedirect.com/science/article/pii/S0165176503003872 |
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