Title of article
Testing efficient market hypothesis for the dollar-sterling gold standard exchange rate 1890-1906: MLE with double truncation
Author/Authors
Goldman، Elena نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2000
Pages
-252
From page
253
To page
0
Abstract
This paper employs quarterly data from the whole of Germany to test the stability of M3 demand for money. The methodology is based on an application of the CUSUM and CUSUMSQ in the context of error-correction modeling and cointegration. The results reveal some instability in M3 money demand function.
Keywords
Gold points , Efficiency , MLE with double truncation , Gold standard , Exchange rates
Journal title
Economics Letters
Serial Year
2000
Journal title
Economics Letters
Record number
21936
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