A Note on Nominal and Real Devaluation in Laos

In this paper, we investigate whether or not nominal devaluation leads to real devaluation in Laos by using the ARDL bounds testing and the Granger causality test in a VECM framework. Our empirical evidence shows that nominal devaluation Granger causes real devaluation in short run and long run. This finding implies that nominal devaluation leads to real devaluation.

MoreLess

Year of publication:	2014-07-09
Authors:	Kyophilavong, Phouphet ; Shahbaz, Muhammad ; Salah Uddin, Gazi

More details

Type of publication:	Book / Working Paper
Language:	English
Notes:	Kyophilavong, Phouphet and Shahbaz, Muhammad and Salah Uddin, Gazi (2014): A Note on Nominal and Real Devaluation in Laos.
Classification:	C1 - Econometric and Statistical Methods: General
Source:	BASE

Persistent link: https://www.econbiz.de/10015243332