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Assessing Exchange Rate Hypotheses Within Southern Africa
Product Description
This volume focuses on 14 Southern African Development Community (SADC) countries. It features a set of tests of the purchasing power parity theorem (PPP) and the uncovered interest rate parity (UIP) theorem amongst these countries, using time-series econometrics techniques. The analysis employs the full information maximum likelihood multivariate co-integration methodology developed by Johansen (1988, 1991) and Johansen and Juselius (1990, 1991). Of novel interest … More >>
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