Persistence of real exchange rates in the Central and Eastern European countries

Persistence of real exchange rates in the Central and Eastern European countries

We investigate the mean reversion in real exchange rates for Central and Eastern European countries. We use point and confidence interval estimates from the Phillips et al.’s (2001) local-persistent model as our preferred measures of the persistence of real exchange rates. We find that the adjustme...

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Bibliographic Details
Main Authors: Ahmad Zubaidi Baharumshah, Siew-Voon Soon, Stilianos Fountas, Nurul Sima Mohamad Shariff
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2016-06-01
Series:Journal of Business Economics and Management
Subjects:
half-lives
local persistence
structural breaks
real exchange rate
PPP puzzle
transition economies
Online Access:https://journals.vgtu.lt/index.php/JBEM/article/view/2244

Internet

https://journals.vgtu.lt/index.php/JBEM/article/view/2244

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