A note on nominal and real devaluation in Laos

In this article, we investigate whether or not nominal devaluation leads to real devaluation in Laos by using autoregressive-distributed lag (ARDL) bounds testing and the Granger causality test in a vector error correction model (VECM) framework. Our empirical evidence shows that nominal devaluatio...

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Bibliographic Details
Main Author: Kyophilavong, Phouphet
Format: Article
Language:English
Published: 2015

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