Koedijk, Kees (contributor); Tims, Ben (contributor); … - 2004 - [Elektronische Ressource]
whether the log real exchange rate shows mean-reverting
behavior. This is usually done by means of a unit root test. If the … null-hypothesis of a unit root
is rejected, the real exchange rate is mean-reverting and therefore real exchange rates … Portugal appear inconsistent with short-run mean-reverting behavior, as the real
exchange rates for these countries cross …