of Bangladesh for the period 1980–2016. To investigate long-run cointegration, this study used the autoregressive … distributed lagged (ARDL) bounds testing approach. In addition, the Granger-causality test is used to identify directional … causality between research variables under the error correction term. Study findings from the ARDL bound testing approach …

foreign exchange markets to see whether there is fractional cointegration between the markets in one trading zone or for one …. Applying a purely semiparametric approach through the whole analysis shows fractional cointegration can only be found for a …