Aslan, Ozgur; Korap, Levent - In: Applied Economics Letters 16 (2009) 1, pp. 23-27
In our article we employ some contemporaneous panel unit root tests (Maddala and Wu, 1999; Im et al., 2003) to examine whether the real exchange rates are mean reverting. Considering a panel of 26 OECD countries from 1987 to 2006 both using monthly and quarterly observations, we find that assuming a...
