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The relationship between the real exchange rate and balance of payments: empirical evidence for China from cointegration and causality testing

✍ Scribed by Narayan, Paresh Kumar; Smyth, Russell


Book ID
118131544
Publisher
Taylor and Francis Group
Year
2004
Tongue
English
Weight
106 KB
Volume
11
Category
Article
ISSN
1350-4851

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## Abstract This paper investigates the existence of threshold cointegration between real exchange rates and real interest rate differentials. Unlike previous work, which generally fails to find evidence of a long‐run relationship employing linear models, we employ tests of the null hypothesis of n