Asymmetry dynamics in real exchange rates: new results on East Asian currencies

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Asymmetry dynamics in real exchange rates: new results on East Asian currencies

This paper provides new evidence on the purchasing power parity (PPP) hypothesis in six East Asian countries. Based on nonlinear unit root tests, we discovered that the results are broadly consistent with the fact that real exchange rates (RERs) follow a nonlinear mean reversion process. We presente...

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Bibliographic Details
Main Authors:	Baharumshah, Ahmad Zubaidi, Liew, Venus Khim Sen, Chowdhury, Ibrahim
Format:	Article
Language:	English
Published:	Elsevier 2010
Online Access:	http://psasir.upm.edu.my/id/eprint/13320/ http://psasir.upm.edu.my/id/eprint/13320/1/Asymmetry%20dynamics%20in%20real%20exchange%20rates.pdf

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