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In this paper we have examined the cointegration with German aggregates of real and nominal aggregates and prices in transition-economy candidates for EU membership and with those of countries that have recently joined the EU and with market-economy candidates for EU membership. Based on rolling...
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In a recent survey, Engel (1996) reported conflicting results about the cointegration relationship between the spot and forward exchange rates. Applying rolling cointegration tests to the mark, yen, and Swiss franc with respect to the U.S. dollar for the post-80 period, we find that the...
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