{"id":"https://openalex.org/W1993501550","doi":"https://doi.org/10.1080/09603100500378997","title":"Rational speculative bubbles and duration dependence in exchange rates: an analysis of five currencies","display_name":"Rational speculative bubbles and duration dependence in exchange rates: an analysis of five currencies","publication_year":2006,"publication_date":"2006-02-01","ids":{"openalex":"https://openalex.org/W1993501550","doi":"https://doi.org/10.1080/09603100500378997","mag":"1993501550"},"language":"en","primary_location":{"id":"doi:10.1080/09603100500378997","doi":"https://doi.org/10.1080/09603100500378997","is_oa":false,"landing_page_url":"https://doi.org/10.1080/09603100500378997","pdf_url":null,"source":{"id":"https://openalex.org/S35128040","display_name":"Applied Financial Economics","issn_l":"0960-3107","issn":["0960-3107","1466-4305"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1"],"host_organization":"https://openalex.org/P4310321043","host_organization_name":"Chapman and Hall London","host_organization_lineage":["https://openalex.org/P4310321043","https://openalex.org/P4310320584"],"host_organization_lineage_names":["Chapman and Hall London","CRC Press"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Applied Financial Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID1342782_code1209164.pdf?abstractid=1342782","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5061765333","display_name":"Benjamas Jirasakuldech","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I119942576","display_name":"University of the Pacific","ror":"https://ror.org/05ma4gw77","country_code":"US","type":"education","lineage":["https://openalex.org/I119942576"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Benjamas Jirasakuldech","raw_affiliation_strings":["Assistant Professor of Finance, University of the Pacific, Eberhardt School of Business, 3601 Pacific Avenue, Stockton, CA 95211, USA","University of the Pacific (UOP) - Eberhardt School of Business"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Assistant Professor of Finance, University of the Pacific, Eberhardt School of Business, 3601 Pacific Avenue, Stockton, CA 95211, USA","institution_ids":["https://openalex.org/I119942576"]},{"raw_affiliation_string":"University of the Pacific (UOP) - Eberhardt School of Business","institution_ids":["https://openalex.org/I119942576"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5049120390","display_name":"Riza Emekter","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I103703290","display_name":"Sakarya University","ror":"https://ror.org/04ttnw109","country_code":"TR","type":"education","lineage":["https://openalex.org/I103703290"]},{"id":"https://openalex.org/I178605575","display_name":"Robert Morris University","ror":"https://ror.org/03r24vd05","country_code":"US","type":"education","lineage":["https://openalex.org/I178605575"]}],"countries":["TR","US"],"is_corresponding":false,"raw_author_name":"Riza Emekter","raw_affiliation_strings":["Assistant Professor of Finance, Sakarya University, Adapazar\u0131, 54184, Turkey","Robert Morris University ,"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Assistant Professor of Finance, Sakarya University, Adapazar\u0131, 54184, Turkey","institution_ids":["https://openalex.org/I103703290"]},{"raw_affiliation_string":"Robert Morris University ,","institution_ids":["https://openalex.org/I178605575"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5081455697","display_name":"Peter Went","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I131221577","display_name":"Bucknell University","ror":"https://ror.org/00fc1qt65","country_code":"US","type":"education","lineage":["https://openalex.org/I131221577"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Peter Went","raw_affiliation_strings":["Assistant Professor of Finance, Department of Management, Bucknell University, 312 Taylor Hall, Lewisburg, PA 17837, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Assistant Professor of Finance, Department of Management, Bucknell University, 312 Taylor Hall, Lewisburg, PA 17837, USA","institution_ids":["https://openalex.org/I131221577"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5061765333"],"corresponding_institution_ids":["https://openalex.org/I119942576"],"apc_list":null,"apc_paid":null,"fwci":2.0025,"has_fulltext":false,"cited_by_count":13,"citation_normalized_percentile":{"value":0.9019531,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":96},"biblio":{"volume":"16","issue":"3","first_page":"233","last_page":"243"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.7710000276565552,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.7710000276565552,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.13809999823570251,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.06210000067949295,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/exchange-rates","display_name":"exchange rates","score":0.8880000114440918},{"id":"https://openalex.org/keywords/duration-dependence","display_name":"duration dependence","score":0.902999997138977},{"id":"https://openalex.org/keywords/cointegration","display_name":"cointegration","score":0.6399999856948853},{"id":"https://openalex.org/keywords/unit-roots","display_name":"unit roots","score":0.7509999871253967},{"id":"https://openalex.org/keywords/money-supply","display_name":"money supply","score":0.6669999957084656},{"id":"https://openalex.org/keywords/interest-rates","display_name":"interest rates","score":0.800000011920929},{"id":"https://openalex.org/keywords/income","display_name":"income","score":0.7289999723434448},{"id":"https://openalex.org/keywords/fundamental-variables","display_name":"fundamental variables","score":0.6460000276565552},{"id":"https://openalex.org/keywords/pound-sterling","display_name":"British pound","score":0.7300000190734863},{"id":"https://openalex.org/keywords/canadian-dollar","display_name":"Canadian dollar","score":0.996999979019165},{"id":"https://openalex.org/keywords/danish-krone","display_name":"Danish krone","score":0.9929999709129333},{"id":"https://openalex.org/keywords/japanese-yen","display_name":"Japanese yen","score":1.0},{"id":"https://openalex.org/keywords/south-african-rand","display_name":"South African rand","score":0.972000002861023},{"id":"https://openalex.org/keywords/us-dollar","display_name":"US dollar","score":0.9359999895095825}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7410698533058167},{"id":"https://openalex.org/C145162277","wikidata":"https://www.wikidata.org/wiki/Q1751675","display_name":"Cointegration","level":2,"score":0.6758308410644531},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.6362987756729126},{"id":"https://openalex.org/C96016098","wikidata":"https://www.wikidata.org/wiki/Q853949","display_name":"Rational expectations","level":2,"score":0.6359186768531799},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5901035070419312},{"id":"https://openalex.org/C109168655","wikidata":"https://www.wikidata.org/wiki/Q242988","display_name":"Liberian dollar","level":2,"score":0.5708309412002563},{"id":"https://openalex.org/C144341231","wikidata":"https://www.wikidata.org/wiki/Q7887151","display_name":"Unit root test","level":3,"score":0.5097851157188416},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.46439793705940247},{"id":"https://openalex.org/C195561663","wikidata":"https://www.wikidata.org/wiki/Q1307899","display_name":"Unit root","level":2,"score":0.43635204434394836},{"id":"https://openalex.org/C3019931467","wikidata":"https://www.wikidata.org/wiki/Q4917","display_name":"Us dollar","level":3,"score":0.4260687828063965},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.4209052324295044},{"id":"https://openalex.org/C201543015","wikidata":"https://www.wikidata.org/wiki/Q207781","display_name":"Economic bubble","level":2,"score":0.4164654314517975},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.07034489512443542}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1080/09603100500378997","doi":"https://doi.org/10.1080/09603100500378997","is_oa":false,"landing_page_url":"https://doi.org/10.1080/09603100500378997","pdf_url":null,"source":{"id":"https://openalex.org/S35128040","display_name":"Applied Financial Economics","issn_l":"0960-3107","issn":["0960-3107","1466-4305"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1"],"host_organization":"https://openalex.org/P4310321043","host_organization_name":"Chapman and Hall London","host_organization_lineage":["https://openalex.org/P4310321043","https://openalex.org/P4310320584"],"host_organization_lineage_names":["Chapman and Hall London","CRC Press"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Applied Financial Economics","raw_type":"journal-article"},{"id":"mag:1993501550","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID1342782_code1209164.pdf?abstractid=1342782","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},{"id":"pmh:oai:RePEc:taf:apfiec:v:16:y:2006:i:3:p:233-243","doi":null,"is_oa":false,"landing_page_url":"http://www.tandfonline.com/doi/abs/10.1080/09603100500378997","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"mag:1993501550","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID1342782_code1209164.pdf?abstractid=1342782","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/1","score":0.6299999952316284,"display_name":"No poverty"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":57,"referenced_works":["https://openalex.org/W1512777807","https://openalex.org/W1523205359","https://openalex.org/W1565974557","https://openalex.org/W1935955289","https://openalex.org/W1963718736","https://openalex.org/W1963912781","https://openalex.org/W1969080827","https://openalex.org/W1970904011","https://openalex.org/W1971404117","https://openalex.org/W1975776930","https://openalex.org/W1976005694","https://openalex.org/W1987726427","https://openalex.org/W1992924380","https://openalex.org/W1994222472","https://openalex.org/W1999518315","https://openalex.org/W2000046104","https://openalex.org/W2001291929","https://openalex.org/W2004170698","https://openalex.org/W2010644152","https://openalex.org/W2027203344","https://openalex.org/W2028341820","https://openalex.org/W2029939045","https://openalex.org/W2030364571","https://openalex.org/W2037628510","https://openalex.org/W2038621549","https://openalex.org/W2065312444","https://openalex.org/W2070628756","https://openalex.org/W2074158860","https://openalex.org/W2075515293","https://openalex.org/W2080511112","https://openalex.org/W2080532842","https://openalex.org/W2082243547","https://openalex.org/W2082563355","https://openalex.org/W2085697991","https://openalex.org/W2086831870","https://openalex.org/W2087866176","https://openalex.org/W2090199928","https://openalex.org/W2091463666","https://openalex.org/W2094508323","https://openalex.org/W2094926655","https://openalex.org/W2110752212","https://openalex.org/W2114503979","https://openalex.org/W2117755868","https://openalex.org/W2124296331","https://openalex.org/W2132260104","https://openalex.org/W2134057108","https://openalex.org/W2150779817","https://openalex.org/W2151562213","https://openalex.org/W2153562738","https://openalex.org/W2162820171","https://openalex.org/W2736567095","https://openalex.org/W2889627911","https://openalex.org/W2890554530","https://openalex.org/W2891271537","https://openalex.org/W3097267636","https://openalex.org/W3124891153","https://openalex.org/W3125156786"],"related_works":["https://openalex.org/W6987358167","https://openalex.org/W2360622685","https://openalex.org/W7100775597","https://openalex.org/W1503273182","https://openalex.org/W2025486487","https://openalex.org/W2608399169","https://openalex.org/W2213884176","https://openalex.org/W4413399105","https://openalex.org/W2030130836","https://openalex.org/W1516741608"],"abstract_inverted_index":{"We":[0],"investigate":[1],"the":[2,9,13,16,19,22,26,31,40,65,75,80,93],"presence":[3],"of":[4,12,56,70,92],"rational":[5,61,100],"speculative":[6,62,86],"bubbles":[7,102],"in":[8],"exchange":[10,41,76,107],"rates":[11,42,52],"British":[14],"pound,":[15],"Canadian":[17],"dollar,":[18],"Danish":[20],"krone,":[21],"Japanese":[23],"yen":[24],"and":[25,43,50,79],"South":[27],"African":[28],"rand":[29],"against":[30],"US":[32],"dollar.":[33],"The":[34,90],"unit":[35],"root":[36],"test":[37,67,97],"shows":[38],"that":[39,84,99],"fundamental":[44,81],"variables":[45],"\u2013":[46,53],"money":[47],"supply,":[48],"income":[49],"interest":[51],"are":[54],"integrated":[55],"order":[57],"one,":[58],"indicating":[59],"no":[60,85],"bubbles.":[63],"Further,":[64],"cointegration":[66],"indicates":[68],"evidence":[69],"a":[71],"long-run":[72],"relationship":[73],"between":[74],"rate":[77],"series":[78],"variables,":[82],"corroborating":[83],"bubble":[87],"is":[88],"present.":[89],"results":[91],"non-parametric":[94],"duration":[95],"dependence":[96],"suggest":[98],"expectations":[101],"do":[103],"not":[104],"affect":[105],"these":[106],"rates.":[108]},"counts_by_year":[{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2017,"cited_by_count":2},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}
