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
Trends and random walks of real exchange rates
β Scribed by Junge, Georg
- Book ID
- 112829894
- Publisher
- Springer
- Year
- 1985
- Tongue
- English
- Weight
- 570 KB
- Volume
- 121
- Category
- Article
- ISSN
- 1610-2924
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