A re-examination of the exchange rate overshooting hypothesis: Evidence from Zambia
نویسندگان
چکیده
منابع مشابه
ARDL Approach to the Exchange Rate Overshooting in Taiwan
This paper re-examines Dornbusch’s (1976) sticky-price monetary model to exchange rate determination by employing both conventional Johansen’s (1988, 1990, 1994) maximum likelihood cointegration test and the ARDL Bound test by Pesaran, Shin, and Smith (2001) for the monthly data of Taiwan over the period 1986:01∼2003:04. Ambiguous results are found for the long-run equilibrium relationship betw...
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ژورنال
عنوان ژورنال: Southern African Business Review
سال: 2019
ISSN: 1998-8125
DOI: 10.25159/1998-8125/6060