South East Asian Monetary Integration : New Evidences from Fractional Cointegration of Real Exchange Rates

  • Gilles de Truchis, Benjamin Keddad
  • Published 2013
We study the long-run relationship of real exchanges rates (RERs) among the ASEAN-5 countries by testing the theory of Generalized Purchasing Power Parity (G-PPP) from the new perspective of fractional cointegration. The long-run co-movements of the RERs are examined by applying a recent estimator of fractional cointegration that consists of a frequency… CONTINUE READING