{"id":"https://openalex.org/W7130833381","doi":"https://doi.org/10.1111/boer.70049","title":"Real Interest Rate Parity in Latin American Countries: Evidence From New Panel Unit Root Tests","display_name":"Real Interest Rate Parity in Latin American Countries: Evidence From New Panel Unit Root Tests","publication_year":2026,"publication_date":"2026-02-21","ids":{"openalex":"https://openalex.org/W7130833381","doi":"https://doi.org/10.1111/boer.70049"},"language":"en","primary_location":{"id":"doi:10.1111/boer.70049","doi":"https://doi.org/10.1111/boer.70049","is_oa":false,"landing_page_url":"https://doi.org/10.1111/boer.70049","pdf_url":null,"source":{"id":"https://openalex.org/S170913539","display_name":"Bulletin of Economic Research","issn_l":"0307-3378","issn":["0307-3378","1467-8586"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","ki-jl-1","norway-1","poland-40","russia-white-list-3","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":"Bulletin of Economic Research","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5067935840","display_name":"Tolga Omay","orcid":"https://orcid.org/0000-0003-0263-2258","observed_orcids":["https://orcid.org/0000-0003-0263-2258"]},"institutions":[{"id":"https://openalex.org/I45542416","display_name":"Atilim University","ror":"https://ror.org/04pd3v454","country_code":"TR","type":"education","lineage":["https://openalex.org/I45542416"]}],"countries":["TR"],"is_corresponding":false,"raw_author_name":"Tolga Omay","raw_affiliation_strings":["Department of Economics Atilim University  Ankara T\u00fcrkiye"],"raw_orcid":"https://orcid.org/0000-0003-0263-2258","affiliations":[{"raw_affiliation_string":"Department of Economics Atilim University  Ankara T\u00fcrkiye","institution_ids":["https://openalex.org/I45542416"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5024884398","display_name":"Vasif Abioglu","orcid":"https://orcid.org/0000-0002-8217-0702","observed_orcids":["https://orcid.org/0000-0002-8217-0702"]},"institutions":[{"id":"https://openalex.org/I121596126","display_name":"Aksaray University","ror":"https://ror.org/026db3d50","country_code":"TR","type":"education","lineage":["https://openalex.org/I121596126"]}],"countries":["TR"],"is_corresponding":true,"raw_author_name":"Vasif Abioglu","raw_affiliation_strings":["Department of Economics Aksaray University  Aksaray T\u00fcrkiye"],"raw_orcid":"https://orcid.org/0000-0002-8217-0702","affiliations":[{"raw_affiliation_string":"Department of Economics Aksaray University  Aksaray T\u00fcrkiye","institution_ids":["https://openalex.org/I121596126"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5107011111","display_name":"M\u00fcbariz Hasanli","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I101840525","display_name":"Piri Reis University","ror":"https://ror.org/02eq60031","country_code":"TR","type":"education","lineage":["https://openalex.org/I101840525"]}],"countries":["TR"],"is_corresponding":false,"raw_author_name":"M\u00fcbariz Hasanl\u0131","raw_affiliation_strings":["Department of Industrial Engineering Piri Reis University  Istanbul T\u00fcrkiye"],"raw_orcid":"https://orcid.org/0000-0003-0216-9531","affiliations":[{"raw_affiliation_string":"Department of Industrial Engineering Piri Reis University  Istanbul T\u00fcrkiye","institution_ids":["https://openalex.org/I101840525"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5024884398"],"corresponding_institution_ids":["https://openalex.org/I121596126"],"apc_list":{"value":2900,"currency":"USD","value_usd":2900},"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.09019511,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"78","issue":"4","first_page":"715","last_page":"727"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9868000149726868,"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":0.9868000149726868,"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":0.010099999606609344,"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":0.0006000000284984708,"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-interest-rate-parity","display_name":"real interest rate parity","score":0.996999979019165},{"id":"https://openalex.org/keywords/real-interest-rate-differentials","display_name":"real interest rate differentials","score":0.9739999771118164},{"id":"https://openalex.org/keywords/panel-unit-root-tests","display_name":"panel unit root tests","score":0.8700000047683716},{"id":"https://openalex.org/keywords/cross-sectional-dependence","display_name":"cross-sectional dependence","score":0.734000027179718},{"id":"https://openalex.org/keywords/structural-change","display_name":"structural change","score":0.5740000009536743},{"id":"https://openalex.org/keywords/latin-america","display_name":"Latin America","score":0.6600000262260437},{"id":"https://openalex.org/keywords/exchange-rate-determination","display_name":"exchange rate determination","score":0.3700000047683716}],"concepts":[{"id":"https://openalex.org/C195561663","wikidata":"https://www.wikidata.org/wiki/Q1307899","display_name":"Unit root","level":2,"score":0.8432999849319458},{"id":"https://openalex.org/C144341231","wikidata":"https://www.wikidata.org/wiki/Q7887151","display_name":"Unit root test","level":3,"score":0.6646000146865845},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.6474000215530396},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6427000164985657},{"id":"https://openalex.org/C82843974","wikidata":"https://www.wikidata.org/wiki/Q205231","display_name":"Interest rate parity","level":3,"score":0.6092000007629395},{"id":"https://openalex.org/C2777151079","wikidata":"https://www.wikidata.org/wiki/Q141160","display_name":"Parity (physics)","level":2,"score":0.5828999876976013},{"id":"https://openalex.org/C191988596","wikidata":"https://www.wikidata.org/wiki/Q628374","display_name":"Null hypothesis","level":2,"score":0.4733000099658966},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.4625000059604645},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.4284999966621399},{"id":"https://openalex.org/C186008389","wikidata":"https://www.wikidata.org/wiki/Q7625010","display_name":"Structural break","level":2,"score":0.4169999957084656},{"id":"https://openalex.org/C158886217","wikidata":"https://www.wikidata.org/wiki/Q16799549","display_name":"Latin Americans","level":2,"score":0.41679999232292175},{"id":"https://openalex.org/C87007009","wikidata":"https://www.wikidata.org/wiki/Q210832","display_name":"Statistical hypothesis testing","level":2,"score":0.3637999892234802},{"id":"https://openalex.org/C154815372","wikidata":"https://www.wikidata.org/wiki/Q1140421","display_name":"Real interest rate","level":3,"score":0.3237000107765198},{"id":"https://openalex.org/C122637931","wikidata":"https://www.wikidata.org/wiki/Q118084","display_name":"Unit (ring theory)","level":2,"score":0.31459999084472656},{"id":"https://openalex.org/C136236421","wikidata":"https://www.wikidata.org/wiki/Q361213","display_name":"International Fisher effect","level":5,"score":0.2989000082015991},{"id":"https://openalex.org/C120936955","wikidata":"https://www.wikidata.org/wiki/Q2155640","display_name":"Empirical research","level":2,"score":0.28760001063346863},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.287200003862381},{"id":"https://openalex.org/C30087350","wikidata":"https://www.wikidata.org/wiki/Q5459916","display_name":"Floating interest rate","level":3,"score":0.2849000096321106},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.28450000286102295},{"id":"https://openalex.org/C145162277","wikidata":"https://www.wikidata.org/wiki/Q1751675","display_name":"Cointegration","level":2,"score":0.26499998569488525},{"id":"https://openalex.org/C120577422","wikidata":"https://www.wikidata.org/wiki/Q843558","display_name":"Alternative hypothesis","level":3,"score":0.259799987077713},{"id":"https://openalex.org/C113679137","wikidata":"https://www.wikidata.org/wiki/Q10495747","display_name":"Fisher hypothesis","level":4,"score":0.2558000087738037},{"id":"https://openalex.org/C166052673","wikidata":"https://www.wikidata.org/wiki/Q83021","display_name":"Empirical evidence","level":2,"score":0.2508000135421753}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1111/boer.70049","doi":"https://doi.org/10.1111/boer.70049","is_oa":false,"landing_page_url":"https://doi.org/10.1111/boer.70049","pdf_url":null,"source":{"id":"https://openalex.org/S170913539","display_name":"Bulletin of Economic Research","issn_l":"0307-3378","issn":["0307-3378","1467-8586"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","ki-jl-1","norway-1","poland-40","russia-white-list-3","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":"Bulletin of Economic Research","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/17","display_name":"Partnerships for the goals","score":0.5209681391716003}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":34,"referenced_works":["https://openalex.org/W179761604","https://openalex.org/W1662681156","https://openalex.org/W1721162673","https://openalex.org/W1934026049","https://openalex.org/W1977112815","https://openalex.org/W1983662924","https://openalex.org/W1997778139","https://openalex.org/W2031384167","https://openalex.org/W2050108735","https://openalex.org/W2052394819","https://openalex.org/W2060529026","https://openalex.org/W2063003407","https://openalex.org/W2067402622","https://openalex.org/W2094257787","https://openalex.org/W2110842229","https://openalex.org/W2116746639","https://openalex.org/W2129821275","https://openalex.org/W2130014692","https://openalex.org/W2136035800","https://openalex.org/W2136490244","https://openalex.org/W2137422473","https://openalex.org/W2166911879","https://openalex.org/W2744778614","https://openalex.org/W2763269052","https://openalex.org/W2901091463","https://openalex.org/W2902550131","https://openalex.org/W2954269170","https://openalex.org/W3123353535","https://openalex.org/W3123683242","https://openalex.org/W3124091918","https://openalex.org/W3125223102","https://openalex.org/W4229807481","https://openalex.org/W4232948727","https://openalex.org/W4292136300"],"related_works":[],"abstract_inverted_index":{"ABSTRACT":[0],"In":[1],"this":[2,26],"study,":[3],"we":[4,28],"test":[5,108],"the":[6,10,22,42,49,62,66,69,75,81,88,101,104,119,151],"empirical":[7],"validity":[8],"of":[9,32,41,48,77,83,128,153],"real":[11,43,89,120],"interest":[12,44,90,121],"rate":[13,45,91,122],"parity":[14,92,123],"hypothesis":[15,93,124],"for":[16,60,80,97,111,125],"15":[17,129],"Latin":[18,130,154],"American":[19,131,155],"countries":[20,50],"over":[21],"period":[23],"2005\u20132023.":[24],"To":[25],"end,":[27],"employ":[29],"a":[30],"battery":[31],"panel":[33,54,105],"unit":[34,55,78,106],"root":[35,56,79,107],"tests":[36,57],"to":[37],"examine":[38],"stochastic":[39],"properties":[40],"differentials":[46],"(RIDs)":[47],"under":[51],"consideration.":[52],"The":[53],"that":[58,87,109,136],"allow":[59],"both":[61],"cross\u2010sectional":[63],"dependence":[64],"and":[65,142],"nonlinearities":[67],"in":[68,150],"adjustment":[70],"process":[71],"do":[72],"not":[73,95],"reject":[74],"null":[76],"most":[82],"these":[84,98],"countries,":[85],"suggesting":[86],"does":[94],"hold":[96],"countries.":[99,132,156],"On":[100],"other":[102],"hand,":[103],"allows":[110],"smooth":[112],"structural":[113,148],"changes":[114],"produces":[115],"results":[116],"consistent":[117],"with":[118],"12":[126],"out":[127],"These":[133],"findings":[134],"imply":[135],"various":[137],"shocks,":[138],"including":[139],"political,":[140],"economic,":[141],"financial":[143],"upheavals,":[144],"can":[145],"cause":[146],"significant":[147],"shifts":[149],"RIDs":[152]},"counts_by_year":[],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2026-02-22T00:00:00"}