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Testing for two-regime threshold cointegration in the parallel and official markets for foreign currency in Greece

โœ Scribed by Nektarios Aslanidis; Georgios P. Kouretas


Book ID
116423602
Publisher
Elsevier Science
Year
2005
Tongue
English
Weight
199 KB
Volume
22
Category
Article
ISSN
0264-9993

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A cointegration analysis of the official
โœ Georgios P. Kouretas; Leonidas P. Zarangas ๐Ÿ“‚ Article ๐Ÿ“… 1998 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 236 KB ๐Ÿ‘ 2 views

This paper examines the monetary model of exchange rate determination from a long-run perspective in the presence of a 'parallel' or 'black' market for US dollars in Greece using monthly data for the recent float, in four ways. First, unit root tests that maintain both stationarity and nonstationari