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What Determines Real Exchange Rates? The Nordic Countries

โœ Scribed by Anders Bergvall


Book ID
110752670
Publisher
John Wiley and Sons
Year
2004
Tongue
English
Weight
218 KB
Volume
106
Category
Article
ISSN
0347-0520

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Real exchange rates and developing count
โœ Angelos Kanas ๐Ÿ“‚ Article ๐Ÿ“… 2009 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 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