Explosive bubbles in the US-China exchange rate? Evidence from right-tailed unit root tests
(2016)
Journal Article
El Montasser, G., Fry, J., & Apergis, N. (2016). Explosive bubbles in the US-China exchange rate? Evidence from right-tailed unit root tests. China Economic Journal, 9(1), 34-46. https://doi.org/10.1080/17538963.2015.1125591
In this article we apply novel right-tailed unit root (sup Augmented Dickey-Fuller (SADF) and generalized sup ADF) tests to the China–US exchange rate. The empirical results document that the recent financial crisis in 2008 may be preceded by early w... Read More about Explosive bubbles in the US-China exchange rate? Evidence from right-tailed unit root tests.