Zhechao (Charles) Liu; Kordzadeh, Nima; Au, Yoris A.; … - College of Business, University of Texas-San Antonio
This paper attempts to shed light on the puzzling finding that the results of applying the conventional or nonlinear unit root tests to the yen real exchange rates (RERs) in some recent studies appear to be rather sensitive to whether or not including the data of recent decade in the studies. It...