| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 963493 | Journal of International Financial Markets, Institutions and Money | 2012 | 15 Pages |
Abstract
⺠This study uses data from 1885 to test for non-linear purchasing power parity. ⺠Testing for structural instability suggests nine breaks in the data. ⺠The non-linear cointegration results suggest cointegration in some segments. ⺠Cointegration and non-linearity are found for fixed but not flexible exchange rates. ⺠This finding is due to intervention being more likely during fixed regimes.
Related Topics
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Economics and Econometrics
Authors
Michail Karoglou, Bruce Morley,