exchange rate in a logarithm, while in the second phase, the cointegration of nominal exchange rate, domestic and foreign price … authors' knowledge, and taking into account Liu (1992), who states that it is more important to check the presence of co-integration … results suggest that all the real exchange rate time series are stationary, additionally, cointegration exists among all the …

long-term dynamics are empirically investigated using the Johansen cointegration test. Econometric analysis is also … cointegration analysis suggest that current account income and expenses are integrated with the cointegrating coefficient less than …

test PPP using Johansen's (1988) multivariate cointegration technique. The cointegration tests are conducted with the …

roots and are highly persistent. The fractional bivariate cointegration tests (see Marinucci and Robinson, 2001) suggest …

This paper investigates the stationarity of East Asian currencies by using a unit root test and cointegration test. We … over the short term by carrying out a unit root test and assess whether cointegration relationships exist over the long … term by carrying out a cointegration test. Based on an empirical analysis of 502 combinations, we find that only one …

employing Fourier unit root tests and a nonparametric rank test for cointegration. Data comprises monthly data on the three …