Nonlinear Adjustment towards Purchasing Power Parity in ASEAN Exchange Rates

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Nonlinear Adjustment towards Purchasing Power Parity in ASEAN Exchange Rates

The major finding of this study is that the long run purchasing power parity (PPP) deviations of the major ASEAN exchange rates exhibit nonlinear adjustment which may be characterised by the Smooth Transition Autoregressive (STAR) model. This finding warrants us that policy decision based on inappro...

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Bibliographic Details
Main Authors:	Liew, Venus Khim-Sen, Ahmad Zubaidi, Baharumshah, Lau, Evan
Format:	Article
Language:	English
Published:	IUP Publications 2004
Subjects:	HB Economic Theory
Online Access:	http://ir.unimas.my/id/eprint/18648/ http://ir.unimas.my/id/eprint/18648/7/Nonlinear%20Adjustment%20Purchasing%20Power%20Parity%20Deviations%20%28abstract%29.pdf

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