dc.contributor.author
Bettendorf, Timo
dc.contributor.author
Chen, Wenjuan
dc.date.accessioned
2018-06-08T08:14:13Z
dc.date.available
2012-11-28T21:14:33.863Z
dc.identifier.uri
https://refubium.fu-berlin.de/handle/fub188/19633
dc.identifier.uri
http://dx.doi.org/10.17169/FUDOCS_document_000000015373
dc.description.abstract
There has been mixed evidence regarding the existence of rational bubbles in
the foreign exchange markets. Standard unit root and cointegration tests are
criticized for their low power to detect rational bubbles that periodically
collapse. This paper introduces recently developed sequential unit root tests
into the analysis of exchange rates bubbles. Our results show that
explosiveness in the nominal Sterling-dollar exchange rates is fully explained
by the relative prices of traded goods.
de
dc.relation.ispartofseries
urn:nbn:de:kobv:188-fudocsseries000000000316-8
dc.relation.ispartofseries
urn:nbn:de:kobv:188-fudocsseries000000000006-7
dc.rights.uri
http://www.fu-berlin.de/sites/refubium/rechtliches/Nutzungsbedingungen
dc.subject
exchange rates
dc.subject
rational bubbles
dc.subject
sequential unit root test
dc.subject.ddc
300 Sozialwissenschaften::330 Wirtschaft::337 Weltwirtschaft
dc.title
Are There Bubbles in the Sterling-dollar Exchange Rate?
dc.title.subtitle
New Evidence from Sequential ADF Tests
refubium.affiliation
Wirtschaftswissenschaft
de
refubium.affiliation.other
Volkswirtschaftslehre / Institut für Statistik und Ökonometrie
refubium.mycore.fudocsId
FUDOCS_document_000000015373
refubium.series.issueNumber
2012,21 : Economics
refubium.series.name
Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin
refubium.mycore.derivateId
FUDOCS_derivate_000000002200
dcterms.accessRights.openaire
open access
