๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Exchange of ideas with developing countries

โœ Scribed by Gerhard Fritz


Book ID
112939795
Publisher
Springer-Verlag
Year
1971
Tongue
English
Weight
275 KB
Volume
6
Category
Article
ISSN
0020-5346

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## Abstract As the real exchange rate of developing countries is especially vulnerable to stochastic events, standard unit root tests do not capture such events adequately. Using a Markov switching extension of the ADF test, which incorporates stochastic regime switching, we address the issue of re