Assaf, Ata - In: Annals of Economics and Finance 7 (2006) 2, pp. 283-294
In this article we test for unit root in real exchange rates during the recent floating exchange rate period. In doing so, we use the unit root tests proposed by Bierens (1997a) and Bierens (1997b) that have drift hypothesis against a very general trend stationarity hypothesis, namely the...