Abstract
By applying the newly developed nonlinear stationary test advanced by Kapetanios et al. [Journal of Econometrics 112 (2003) 359] in examining the stationary property of 11 Asian real exchange rates, this paper rejects unit root in 8 US dollar-based and 6 Japanese yen-based rates, whereas the augmented Dickey-Fuller (ADF) test has led to no rejection at all. © 2004 Elsevier B.V. All rights reserved.
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APA
Liew, V. K. S., Baharumshah, A. Z., & Chong, T. T. L. (2004). Are Asian real exchange rates stationary? Economics Letters, 83(3), 313–316. https://doi.org/10.1016/j.econlet.2003.10.021
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