Nonlinear Adjustment of ASEAN−5 Real Exchange Rates: Symmetrical or Asymmetrical?
This study examines whether the nonlinear adjustment dynamic of exchange rate to the equilibrium level as documented in Liew et al. (2003, 2004) is symmetrical or asymmetrical. Following the sequential tests as proposed in Teräsvirta and Anderson (1993), this study is able to identify that the US do...
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| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
Economics Bulletin
2004
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/77/1/nonlinear.pdf http://ir.unimas.my/id/eprint/77/ http://www.accessecon.com/pubs/eb/ |
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| Institution: | Universiti Malaysia Sarawak |
| Language: | English |