Real interest rate parity in the ASEAN-5 countries : a nonlinear perspective.
This article aims at testing real interest parity (RIP) by using nonlinear unit root tests. The results from Kapetanios et al. (2003) demonstrated that the adjustment of ASEAN-5 real interest rates towards real interest rates in Japan and the US follows a nonlinear (stationary) process. Overall, the...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Routledge
2008
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| Online Access: | http://psasir.upm.edu.my/id/eprint/16434/ http://psasir.upm.edu.my/id/eprint/16434/1/Real%20interest%20rate%20parity%20in%20the%20ASEAN.pdf |
| _version_ | 1848842961723326464 |
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| author | Baharumshah, Ahmad Zubaidi Liew, Venus Khim Sen Hamzah, Nor Aishah |
| author_facet | Baharumshah, Ahmad Zubaidi Liew, Venus Khim Sen Hamzah, Nor Aishah |
| author_sort | Baharumshah, Ahmad Zubaidi |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This article aims at testing real interest parity (RIP) by using nonlinear unit root tests. The results from Kapetanios et al. (2003) demonstrated that the adjustment of ASEAN-5 real interest rates towards real interest rates in Japan and the US follows a nonlinear (stationary) process. Overall, the evidence is in favour of RIP. |
| first_indexed | 2025-11-15T08:07:27Z |
| format | Article |
| id | upm-16434 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T08:07:27Z |
| publishDate | 2008 |
| publisher | Routledge |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-164342015-09-04T08:20:21Z http://psasir.upm.edu.my/id/eprint/16434/ Real interest rate parity in the ASEAN-5 countries : a nonlinear perspective. Baharumshah, Ahmad Zubaidi Liew, Venus Khim Sen Hamzah, Nor Aishah This article aims at testing real interest parity (RIP) by using nonlinear unit root tests. The results from Kapetanios et al. (2003) demonstrated that the adjustment of ASEAN-5 real interest rates towards real interest rates in Japan and the US follows a nonlinear (stationary) process. Overall, the evidence is in favour of RIP. Routledge 2008 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/16434/1/Real%20interest%20rate%20parity%20in%20the%20ASEAN.pdf Baharumshah, Ahmad Zubaidi and Liew, Venus Khim Sen and Hamzah, Nor Aishah (2008) Real interest rate parity in the ASEAN-5 countries : a nonlinear perspective. Applied Economics Letters, 15 (12). pp. 955-958. ISSN 1466-4291 10.1080/13504850600949152 |
| spellingShingle | Baharumshah, Ahmad Zubaidi Liew, Venus Khim Sen Hamzah, Nor Aishah Real interest rate parity in the ASEAN-5 countries : a nonlinear perspective. |
| title | Real interest rate parity in the ASEAN-5 countries : a nonlinear perspective. |
| title_full | Real interest rate parity in the ASEAN-5 countries : a nonlinear perspective. |
| title_fullStr | Real interest rate parity in the ASEAN-5 countries : a nonlinear perspective. |
| title_full_unstemmed | Real interest rate parity in the ASEAN-5 countries : a nonlinear perspective. |
| title_short | Real interest rate parity in the ASEAN-5 countries : a nonlinear perspective. |
| title_sort | real interest rate parity in the asean-5 countries : a nonlinear perspective. |
| url | http://psasir.upm.edu.my/id/eprint/16434/ http://psasir.upm.edu.my/id/eprint/16434/ http://psasir.upm.edu.my/id/eprint/16434/1/Real%20interest%20rate%20parity%20in%20the%20ASEAN.pdf |