Parity reversion in real interest rate in the Asian countries: further evidence based on local-persistent model

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Parity reversion in real interest rate in the Asian countries: further evidence based on local-persistent model

This paper examines the validity of real interest parity (RIP) for 10 Asian economies over the period 1977–2012 (quarterly frequency). The evidence based on two-break unit root tests reveals that majority of the real interest rate differentials (RIDs) with respect to Germany and the US are stationar...

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Bibliographic Details
Main Authors:	Baharumshah, Ahmad Zubaidi, Soon, Siew Voon, Hamzah, Nor Aishah
Format:	Article
Language:	English
Published:	Elsevier 2013
Online Access:	http://psasir.upm.edu.my/id/eprint/28300/ http://psasir.upm.edu.my/id/eprint/28300/1/Parity%20reversion%20in%20real%20interest%20rate%20in%20the%20Asian%20countries.pdf

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