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2013-02-28Buch DOI: 10.18452/4452
Are There Bubbles in the Sterling-dollar Exchange Rate?
dc.contributor.authorBettendorf, Timo
dc.contributor.authorChen, Wenjuan
dc.date.accessioned2017-06-16T00:48:51Z
dc.date.available2017-06-16T00:48:51Z
dc.date.created2013-03-18
dc.date.issued2013-02-28
dc.date.submitted2013-02-28
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/5104
dc.description.abstractThere has been mixed evidence regarding the existence of rational bubbles in the foreign exchange markets. This paper introduces recently developed sequential unit root tests into the analysis of exchange rates bubbles. We find strong evidence of explosive behavior in the nominal Sterling-dollar exchange rate. However, this explosive behavior should not be simply interpreted as evidence of rational bubbles, as we show that it might be driven by the relative prices of traded goods.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectexchange rateseng
dc.subjectrational bubbleseng
dc.subjectsequential unit root testeng
dc.subject.ddc310 Statistik
dc.subject.ddc330 Wirtschaft
dc.titleAre There Bubbles in the Sterling-dollar Exchange Rate?
dc.typebook
dc.subtitleNew Evidence from Sequential ADF Tests
dc.identifier.urnurn:nbn:de:kobv:11-100207711
dc.identifier.doihttp://dx.doi.org/10.18452/4452
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages12
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2013
local.edoc.container-issue12
local.edoc.container-year2013
local.edoc.container-erstkatid2195055-6

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