{"id":"https://openalex.org/W2003208975","doi":"https://doi.org/10.1111/1467-9957.00341","title":"Real Exchange Rate Dynamics Under The Current Float: A Re\u2013Examination","display_name":"Real Exchange Rate Dynamics Under The Current Float: A Re\u2013Examination","publication_year":2003,"publication_date":"2003-03-01","ids":{"openalex":"https://openalex.org/W2003208975","doi":"https://doi.org/10.1111/1467-9957.00341","mag":"2003208975"},"language":"en","primary_location":{"id":"doi:10.1111/1467-9957.00341","doi":"https://doi.org/10.1111/1467-9957.00341","is_oa":false,"landing_page_url":"https://doi.org/10.1111/1467-9957.00341","pdf_url":null,"source":{"id":"https://openalex.org/S200838492","display_name":"Manchester School","issn_l":"0025-2034","issn":["0025-2034","1463-6786","1467-9957"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Manchester School","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/manc_341.pdf?abstractid=416801&mirid=3","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5064831467","display_name":"Michael Bleaney","orcid":"https://orcid.org/0000-0003-0588-1700","observed_orcids":["https://orcid.org/0000-0003-0588-1700"]},"institutions":[{"id":"https://openalex.org/I142263535","display_name":"University of Nottingham","ror":"https://ror.org/01ee9ar58","country_code":"GB","type":"education","lineage":["https://openalex.org/I142263535"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Michael Bleaney","raw_affiliation_strings":["University of Nottingham","University of Nottingham - School of Economics"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Nottingham","institution_ids":["https://openalex.org/I142263535"]},{"raw_affiliation_string":"University of Nottingham - School of Economics","institution_ids":["https://openalex.org/I142263535"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5109096831","display_name":"Stephen J. Leybourne","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I142263535","display_name":"University of Nottingham","ror":"https://ror.org/01ee9ar58","country_code":"GB","type":"education","lineage":["https://openalex.org/I142263535"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Stephen J. Leybourne","raw_affiliation_strings":["University of Nottingham"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Nottingham","institution_ids":["https://openalex.org/I142263535"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I142263535"],"apc_list":{"value":3350,"currency":"USD","value_usd":3350},"apc_paid":null,"fwci":2.7086,"has_fulltext":false,"cited_by_count":16,"citation_normalized_percentile":{"value":0.9307099,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":94,"max":96},"biblio":{"volume":"71","issue":"2","first_page":"156","last_page":"171"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9404000043869019,"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":0.9404000043869019,"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/T10503","display_name":"Global Financial Crisis and Policies","score":0.050200000405311584,"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"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0020000000949949026,"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/real-exchange-rate","display_name":"real exchange rate","score":0.9539999961853027},{"id":"https://openalex.org/keywords/floating-exchange-rates","display_name":"exchange rate fluctuations","score":0.6729999780654907},{"id":"https://openalex.org/keywords/augmented-dickey-fuller-test","display_name":"Augmented Dickey-Fuller test","score":0.8040000200271606},{"id":"https://openalex.org/keywords/cross-sectional-dependence","display_name":"cross-sectional dependence","score":0.6769999861717224},{"id":"https://openalex.org/keywords/stationarity","display_name":"stationarity","score":0.6610000133514404},{"id":"https://openalex.org/keywords/out-of-sample-forecasting","display_name":"out-of-sample forecasting","score":0.7210000157356262},{"id":"https://openalex.org/keywords/us-dollar","display_name":"US dollar","score":0.515999972820282}],"concepts":[{"id":"https://openalex.org/C195561663","wikidata":"https://www.wikidata.org/wiki/Q1307899","display_name":"Unit root","level":2,"score":0.8871637582778931},{"id":"https://openalex.org/C2780337265","wikidata":"https://www.wikidata.org/wiki/Q185958","display_name":"Float (project management)","level":2,"score":0.7996045351028442},{"id":"https://openalex.org/C159877910","wikidata":"https://www.wikidata.org/wiki/Q2202883","display_name":"Autoregressive model","level":2,"score":0.7800946831703186},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.7014375329017639},{"id":"https://openalex.org/C191988596","wikidata":"https://www.wikidata.org/wiki/Q628374","display_name":"Null hypothesis","level":2,"score":0.6543092727661133},{"id":"https://openalex.org/C143724316","wikidata":"https://www.wikidata.org/wiki/Q312468","display_name":"Series (stratigraphy)","level":2,"score":0.6195371150970459},{"id":"https://openalex.org/C203763787","wikidata":"https://www.wikidata.org/wiki/Q371029","display_name":"Null (SQL)","level":2,"score":0.5493806600570679},{"id":"https://openalex.org/C3019931467","wikidata":"https://www.wikidata.org/wiki/Q4917","display_name":"Us dollar","level":3,"score":0.5408035516738892},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.5264626145362854},{"id":"https://openalex.org/C2776214188","wikidata":"https://www.wikidata.org/wiki/Q408386","display_name":"Inference","level":2,"score":0.5228112936019897},{"id":"https://openalex.org/C135205223","wikidata":"https://www.wikidata.org/wiki/Q367137","display_name":"Mean reversion","level":2,"score":0.5085445642471313},{"id":"https://openalex.org/C144341231","wikidata":"https://www.wikidata.org/wiki/Q7887151","display_name":"Unit root test","level":3,"score":0.4506823420524597},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.4445628821849823},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4432172477245331},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.42089781165122986},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.40382513403892517},{"id":"https://openalex.org/C145162277","wikidata":"https://www.wikidata.org/wiki/Q1751675","display_name":"Cointegration","level":2,"score":0.1994316279888153},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.19520366191864014},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.08208140730857849},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.06760713458061218},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.0},{"id":"https://openalex.org/C77088390","wikidata":"https://www.wikidata.org/wiki/Q8513","display_name":"Database","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1111/1467-9957.00341","doi":"https://doi.org/10.1111/1467-9957.00341","is_oa":false,"landing_page_url":"https://doi.org/10.1111/1467-9957.00341","pdf_url":null,"source":{"id":"https://openalex.org/S200838492","display_name":"Manchester School","issn_l":"0025-2034","issn":["0025-2034","1463-6786","1467-9957"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Manchester School","raw_type":"journal-article"},{"id":"mag:2003208975","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/Delivery.cfm/manc_341.pdf?abstractid=416801&mirid=3","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:hdl:10068/377721","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10068/377721","pdf_url":null,"source":{"id":"https://openalex.org/S4377196900","display_name":"OpenGrey (Institut de l'Information Scientifique et Technique)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1295345811","host_organization_name":"Institut de l'Information Scientifique et Technique","host_organization_lineage":["https://openalex.org/I1295345811"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"R - Report"}],"best_oa_location":{"id":"mag:2003208975","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/Delivery.cfm/manc_341.pdf?abstractid=416801&mirid=3","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":[{"display_name":"Partnerships for the goals","id":"https://metadata.un.org/sdg/17","score":0.4399999976158142}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":17,"referenced_works":["https://openalex.org/W1572930125","https://openalex.org/W1981822914","https://openalex.org/W1998168489","https://openalex.org/W2001053412","https://openalex.org/W2039600992","https://openalex.org/W2044767606","https://openalex.org/W2049752238","https://openalex.org/W2071313630","https://openalex.org/W2077784031","https://openalex.org/W2081552236","https://openalex.org/W2084700690","https://openalex.org/W2090235951","https://openalex.org/W2090895063","https://openalex.org/W2109027680","https://openalex.org/W2168257636","https://openalex.org/W3121888640","https://openalex.org/W3122766067"],"related_works":["https://openalex.org/W2134715408","https://openalex.org/W2027319873","https://openalex.org/W2130198218","https://openalex.org/W7099179098","https://openalex.org/W1607932820","https://openalex.org/W1997436772","https://openalex.org/W2018711516","https://openalex.org/W2088657812","https://openalex.org/W1983844269","https://openalex.org/W6963872714"],"abstract_inverted_index":{"Augmented":[0],"Dickey\u2013Fuller":[1],"regressions":[2],"on":[3],"pooled":[4],"(but":[5],"not":[6,36],"individual)":[7],"real":[8,62],"exchange":[9,63],"rates":[10,64],"for":[11,24,77],"the":[12,17,30,44,51,66],"post\u20131973":[13],"period":[14],"consistently":[15],"reject":[16],"unit":[18,56,72],"root":[19],"null,":[20],"even":[21],"after":[22],"accounting":[23],"cross\u2013sectional":[25],"dependence.":[26],"The":[27],"inference":[28],"that":[29,60],"series":[31,52],"is":[32,35],"stationary,":[33],"however,":[34],"necessarily":[37],"correct,":[38],"because":[39],"these":[40,82],"tests":[41],"strongly":[42],"over\u2013reject":[43],"null":[45],"in":[46],"certain":[47],"circumstances,":[48],"particularly":[49],"when":[50],"has":[53],"a":[54,70],"stochastic":[55,71],"root.":[57,73],"We":[58],"find":[59],"bilateral":[61],"against":[65],"US":[67],"dollar":[68],"have":[69],"Out\u2013of\u2013sample":[74],"prediction":[75],"exercises":[76],"an":[78],"autoregressive":[79],"model":[80],"confirm":[81],"findings.":[83]},"counts_by_year":[{"year":2013,"cited_by_count":2}],"updated_date":"2026-09-26T08:19:03.415552","created_date":"2016-06-24T00:00:00"}