A Note on Nominal and Real Devaluation in Laos. (Downloadable article, 2015) [WorldCat.org]
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A Note on Nominal and Real Devaluation in Laos.

Author: Phouphet Kyophilavong; Muhammad Shahbaz; Gazi Salah Uddin
Publisher: New Delhi : Sage Publications, 2015.
Edition/Format:   Downloadable article : Document   Computer File : English
Publication:Global business review
Summary:
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 devaluation Granger causes real devaluation in the short run and the long run. This finding implies that nominal devaluation leads  Read more...
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Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Article, Computer File
All Authors / Contributors: Phouphet Kyophilavong; Muhammad Shahbaz; Gazi Salah Uddin
ISSN:0972-1509
OCLC Number: 1052054897
Notes: In: Global business review, Vol. 16, no. 2 (2015), p.236-243.
Description: 1 online resource

Abstract:

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 devaluation Granger causes real devaluation in the short run and the long run. This finding implies that nominal devaluation leads to real devaluation.

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