Do exchange rates follow a random walk process in middle eastern countries?

DOI10.1016/S0165-1765(98)00013-5zbMath0899.90042OpenAlexW2058111159WikidataQ126311401 ScholiaQ126311401MaRDI QIDQ1128597

Mohsen Bahmani-Oskooee

Publication date: 13 August 1998

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0165-1765(98)00013-5

zbMATH Keywords

KPSS testMiddle EastPPPADF testreal effective rates

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Statistical methods; economic indices and measures (91B82)

Related Items (4)

Exchange rate overshooting in Turkey ⋮ Do nominal devaluations lead to real devaluations in LDCs? ⋮ Real exchange rate behavior in the Middle East: A re-examination ⋮ German monetary unification and the stability of the German M3 money demand function

Cites Work

• Testing the null hypothesis of stationarity against the alternative of a unit root. How sure are we that economic time series have a unit root?
• Is there a long-run relation between the trade balance and the real effective exchange rate of LDCs!

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