-area currencies. First, using dynamic panel techniques, we estimate an error correction model for the dollar real exchange rate versus …

growth for 21 African countries over the period from 1970 to 2006, using recently developed panel cointegration and causality … cointegration relationship when country groups are considered. …

markets, LIBOR markets have minimal frictions which could lead to rejecting UIP. Using panel unit root test suggested by Palm …, Smeekes, and Urbain (2010) and cointegration techniques by Westerlund (2007), we find that UIP holds for short-term maturities …, when market-specific heterogeneity is controlled for. Furthermore, the estimation results show that the speed of adjustment …

period 1973-2008. We employ a dynamic panel approach to reflect financial and economic integration, and to increase the … estimator of Pesaran (2006) and on Panel Error Correction Models to sort out short- and long-run fiscal developments show that …

and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence …

, using recent bootstrap panel cointegration techniques and SUR methods. We investigate the magnitude of the relationship … panel cointegration tests used allow for within and between correlation, while the SUR results show both positive and …We assess the cointegration relationship between current account and budget balances, and effective real exchange rates …

degrees, the dependence that might prevail across the different units in the panel. In the analysis of cointegration the … hypothesis testing and estimation problems are further complicated by the possibility of cross section cointegration which could …This paper provides a review of the literature on unit roots and cointegration in panels where the time dimension (T …

; assessing panel cointegration; and estimating panel error-correction models. The results show that markets consider budgetary …We study sovereign bond yields in OECD countries with a dynamic panel by checking for cross-section dependence …