Title of article
Are Asian real exchange rates stationary?
Author/Authors
Venus Khim-sen Liew، نويسنده , , Ahmad Zubaidi Baharumshah، نويسنده , , Terence Tai-leung Chong، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2004
Pages
4
From page
313
To page
316
Abstract
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 augmented Dickey–Fuller (ADF) test has led to no rejection at all.
Keywords
Mean reversion , Asia , Nonlinear stationary test , ADF test , Real exchange rates
Journal title
Economics Letters
Serial Year
2004
Journal title
Economics Letters
Record number
435424
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