Nusair, Salah - In: Economic Change and Restructuring 45 (2012) 3, pp. 221-246
We utilize nonlinear models to examine the stationarity of Asian real exchange rates over the period from 1980:10 to 2007:09, using the US, Japan, and China as base countries. We find evidence of nonlinearity in most cases. Contrary to widely-held belief that the behavior of the real exchange...
