Mean reversion in real exchange rates

@inproceedings{Cheung1993MeanRI,
  title={Mean reversion in real exchange rates},
  author={Yin-wong Cheung and Kon S. Laib},
  year={1993}
}
A modified Dickey-Fuller test, which is approximately uniformly most power invariant, is employed to examine mean reversion in real exchange rates. Results from this test provide a wider and more significant support for mean reversion than the standard Dickey-Fuller test. JEL classification: F31