Since 2014
Looking for rational exchange rate bubbles
Journal of Economics and Business - SPOUDAI
View Archive Info| Field | Value | |
| Title |
Looking for rational exchange rate bubbles
Looking for rational exchange rate bubbles |
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| Creator |
Κυρίκος, Δημήτρης Γ.
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| Subject |
Τιμή συναλλάγματος; Επιχειρησιακή δαπάνη
Exchange rate; Operational expenditure |
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| Description |
In this paper simple stationarity and cointegration tests are used to check the empirical relevance of exchange rate bubbles for a class of models that either assume purchasing power parity (PPP) or arrive at a PPP-type relationship. While the possibility of bubbles in the dollar/deutschemark and the dollar/ pound exchange rates over the post-1973 free floating period cannot be excluded, the presence of such indeterminacies is not substantiated. Useful extensions of the tests for future research are also suggested. |
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| Publisher |
University of Piraeus
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| Date |
1991-10-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://spoudai.unipi.gr/index.php/spoudai/article/view/983
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| Source |
SPOUDAI - Journal of Economics and Business; Vol 41, No 4 (1991); 390-407
2241-424X 1105-8919 |
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| Language |
eng
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| Relation |
http://spoudai.unipi.gr/index.php/spoudai/article/view/983/1062
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| Rights |
Copyright (c) 1991 SPOUDAI - Journal of Economics and Business
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