Real exchange rates and developing count
✍
Angelos Kanas
📂
Article
📅
2009
🏛
John Wiley and Sons
🌐
English
⚖ 495 KB
## 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