Non-linear mean reversion of real exchange rates and purchasing power parity: some evidence from Turkey

Joseph Alba and Donghyun Park

Applied Economics Letters, 2005, vol. 12, issue 11, 701-704

Abstract: Evidence was found of non-linear mean reversion in Turkey's real exchange rates. This suggests that a more complete examination of the empirical validity of PPP requires a joint examination of the non-linearity and non-stationarity of the real exchange rate.

Date: 2005
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DOI: 10.1080/13504850500188133

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