This study applies the Sequential Panel Selection Method (SPSM) proposed by Chortareas and Kapetanios (2009) to investigate the non-stationary properties of uncovered interest parity (UIP) with the risk premiums of eight East Asian countries relative to China. SPSM can classify the entire panel...

This study applies a stationary test with a Fourier function, proposed by Becker et al. (2006), to test the validity of long-run purchasing power parity (PPP) in fifteen Latin American countries over the period of December 1994 to February 2010. The empirical results from the univariate unit...