Karabulut, Gokhan; Bilgin, Mehmet Huseyin; Gozgor, Giray - In: Emerging Markets Finance and Trade 49 (2013) S5, pp. 213-227
This paper investigates whether the purchasing power parity (PPP) hypothesis holds in the Czech Republic, Hungary, and Poland by considering currencies of their five largest trading partners. We employ eight panel unit root tests that can be arranged in groups by cross-section independence or...