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Persistent link: https://www.econbiz.de/10009356140
We find nonlinear mean-reverting tendencies in Southeast Asian currencies by applying the newly developed nonlinear unit root test by Park and Shintani (2005). First, with the U.S. dollar as the numeraire currency, we find that 63% of the real exchange rates of Southeast Asian currencies turn...
Persistent link: https://www.econbiz.de/10014045400