Real exchange rates under the gold standard: can they be explained by the trend break model?

We investigate whether real exchange rates under the gold standard can be modeled as stationary around a broken trend. Using both conventional unit root and sequential trend break tests, we clearly reject the unit root null for 14 of the 16 exchange rates studied by Diebold, Husted and Rush ( Journa...

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Veröffentlicht in:	Journal of international money and finance 1995-08, Vol.14 (4), p.539-548
Hauptverfasser:	Culver, Sarah E., Papell, David H.
Format:	Artikel
Sprache:	eng
Schlagworte:	Economic conditions Economic models Foreign exchange Foreign exchange rates Gold standard Hypotheses Manycountries Monetary theory Regression analysis Studies Time series
Online-Zugang:	Volltext
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