Chan, Tze-Haw; Chong, Lee Lee; Khong, Wye Leong Roy - Volkswirtschaftliche Fakultät, … - 2008
Using monthly frequency data from 1981 to 2005, we test for the potential mean reversion of Japan-US real exchange rates using newly improved unit root tests allowing for endogenous (unknown) break(s) in the linear as well as non-linear manner. Both countries have contributed vital proportion in...