Non-linear mean reversion of real exchange rates and purchasing power parity: some evidence from Turkey

Evidence was found of non-linear mean reversion in Turkey's real exchange rates. This suggests that a more complete examination of the empirical validity of PPP requires a joint examination of the non-linearity and non-stationarity of the real exchange rate.

MoreLess

Year of publication:	2005
Authors:	Alba, Joseph ; Park, Donghyun
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 12.2005, 11, p. 701-704
Publisher:	Taylor & Francis Journals

More details

Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005435432