Research Article
Evaluation of Hot Money Drivers in China: A Structural VAR Approach
| Series | z | Constant, trend, and lags | Stationary |
| P | −3.49 | (C, 0, 3) | Yes | Y | −4.78 | (C, t, 1) | Yes | DAR | −11.02 | (C, 0, 2) | Yes | EER | −13.80 | (C, 0, 0) | Yes | HM | −4.30 | (C, 0, 2) | Yes | VIX | −4.62 | (C, 0, 0) | Yes | FAR | −9.60 | (C, 0, 0) | Yes |
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