390-407

• Κυρίκος, Δημήτρης Γ.

In this paper simple stationarity and cointegration tests are used to check the empirical relevance of exchange rate bubbles for a class of models that either assume purchasing power parity (PPP) or arrive at a PPP-type relationship. While the possibility of bubbles in the dollar/deutschemark and the dollar/ pound exchange rates over the post-1973 free floating period cannot be excluded, the presence of such indeterminacies is not substantiated. Useful extensions of the tests for future research are also suggested.

• Economics and Business
• Computer and information sciences

• Economics
• Statistics

Περιέχει πίνακες, σημειώσεις και βιβλιογραφία, I wish to thank J. S. Butler, Robert Rich, and an anonymous referee for very helpful comments and suggestions. Any errors are my own.