This study applies stationary test with a flexible Fourier function proposed by Enders and Lee (2012) to test the validity of long-run real interest rate parity (RIRP) to assess the non-stationary properties of the real interest rate convergence relative to China for ten East Asian countries. We...

This study applies stationary test with a Fourier function proposed by Enders and Lee (2012) to test the validity of long-run real interest rate parity (RIRP) to assess the non-stationary properties of the real interest rate convergence for twelve Central and Eastern European (CEE) countries. We...

This study applies nonlinear threshold unit-root test to assess the nonstationary properties of the Real Interest Rate Parity (RIRP) for 10 East Asian countries relative to China. We find that nonlinear threshold unit-root test has higher power than linear method suggested by Caner and Hansen...