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The status of real and financial integration of China, Hong Kong, and Taiwan is investigated using monthly data on one-month interbank rates, exchange rates, and prices. Specifically, the degree of integration is assessed based on the empirical validity of real interest parity, uncovered...
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This paper examines the stability of import and export demand functions for the United States over the 1975q1-2001q2 … period. Using the Johansen maximum likelihood approach, an export demand function is readily identified. In contrast, there … appears to be a structural break in the import demand function in 1995; specifications incorporating this break pass tests for …
Persistent link: https://www.econbiz.de/10013220385
This paper examines the stability of import and export demand functions for the United States over the 1975q1-2001q2 … period. Using the Johansen maximum likelihood approach, an export demand function is readily identified. In contrast, there … appears to be a structural break in the import demand function in 1995; specifications incorporating this break pass tests for …
Persistent link: https://www.econbiz.de/10014062336
This paper examines the stability of import and export demand functions for the United States over the 1975q1-2001q2 …. Using the Johansen maximum likelihood approach, an export demand function is readily identified. In contrast, there appears … to be a structural break in the import demand function in 1995; specifications incorporating this break pass tests for …
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