Real interest rate parity in the ASEAN-5 countries: a nonlinear perspective

被引：7
|
作者：
Baharumshah, Ahmad Zubaidi [1 ]
Liew, Venus Khim-Sen [2 ]
Hamzah, Nor Aishah [3 ]
机构：
[1] Univ Putra Malaysia, Fac Econ & Management, Serdang, Selangor, Malaysia
[2] Univ Malaysia Sabah, Labuan Sch Int Business & Finance, Kota Kinabalu, Sabah, Malaysia
[3] Univ Malaya, Fac Sci, Inst Math Sci, Kuala Lumpur, Malaysia
来源：
APPLIED ECONOMICS LETTERS | 2008年 / 15卷 / 12期
关键词：
D O I：
10.1080/13504850600949152
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This article aims at testing real interest parity (RIP) by using nonlinear unit root tests. The results from Kapetanios et al. (2003) demonstrated that the adjustment of ASEAN-5 real interest rates towards real interest rates in Japan and the US follows a nonlinear (stationary) process. Overall, the evidence is in favour of RIP.
引用
收藏
页码：955 / 958
页数：4
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