This paper tests the random walk hypothesis for the log-dierenced monthly US real exchange rates versus some major currencies. The tests we use are variance ratio test, Durlauf's (1991) spectral domain tests and Andrews and Ploberger's (1996) optimal tests. The variance ratio test is calculated by u
โฆ LIBER โฆ
Testing the PPP hypothesis in bilateral real exchange rates of the Malawi kwacha
โ Scribed by Mangani, Ronald
- Book ID
- 120633780
- Publisher
- Taylor and Francis Group
- Year
- 2012
- Tongue
- English
- Weight
- 114 KB
- Volume
- 19
- Category
- Article
- ISSN
- 1350-4851
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