| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 963411 | Journal of International Financial Markets, Institutions and Money | 2013 | 18 Pages |
Abstract
⺠We test for Purchasing Power Parity from the ASEAN-5 currencies. ⺠We use unit root tests against flexible nonlinear stationary alternatives. ⺠We select the best nonlinear model from simulated generalized impulse response functions. ⺠Evidence of Purchasing Power Parity is found in all ASEAN-5 cases. ⺠Smooth transition nonlinear models are preferred.
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Authors
Frédérique Bec, Songlin Zeng,