It takes the average reader and 50 minutes to read Asymmetric Adjustment and Nonlinear Dynamics in Real Exchange Rates by Serineh Najarian
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This paper examines whether deviations from PPP are stationary in the presence of nonlinearity, and whether the adjustment toward PPP is symmetric from above and below. Using alternative nonlinear models, our results support mean reversion and asymmetric adjustment dynamics. We find differences in magnitudes, frequencies, and durations of the deviations of exchange rates from fixed and time-varying thresholds, both between over-appreciations and over-depreciations and between developed and developing countries. In particular, the average cumulative sum of deviations during periods when exchange rates are below forecasts is twice that of the sum during periods of over-appreciation, and is larger for developing than for advanced countries.
Asymmetric Adjustment and Nonlinear Dynamics in Real Exchange Rates by Serineh Najarian is 50 pages long, and a total of 12,500 words.
This makes it 17% the length of the average book. It also has 15% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 8 minutes to read Asymmetric Adjustment and Nonlinear Dynamics in Real Exchange Rates aloud.
Asymmetric Adjustment and Nonlinear Dynamics in Real Exchange Rates is suitable for students ages 8 and up.
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