Holmes, Mark; Otero, Jesús; Panagiotidis, Theodore - In: Open Economies Review 23 (2012) 5, pp. 767-783
The stationarity of OECD real exchange rates over the period 1972–2008 is tested using a panel of 26 member countries. The methodology followed stems from the need to meet several key concerns: (i) the identification of which panel members are stationary; (ii) the presence of cross-sectional...