Evidence on the stationarity of ERM exchange rates

被引：1
|
作者：
Zhou, S [1 ]
机构：
[1] Univ Texas, Dept Econ, San Antonio, TX 78249 USA
来源：
APPLIED ECONOMICS LETTERS | 2003年 / 10卷 / 04期
关键词：
D O I：
10.1080/1350485022000044084
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This article applies standard unit root tests to the spot and forward exchange rates of four core members of the European Monetary System participating in the Exchange Rate Mechanism (ERM). In contrast to the findings of most previous studies, the results show strong evidence of stationarity for the ERM rates, for the period when there were no significant realignments in the rates.
引用
收藏
页码：231 / 233
页数：3
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