Research Article
Exchange Rates and Monetary Fundamentals: What Do We Learn from Linear and Nonlinear Regressions?
Table 10
Regime number tests [40].
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| Notes: the threshold effect tests are based on the term of interest rate; 1/2 and 2/3 denote, respectively, the hypothesis test is null hypothesis of 1 regime against 2 regimes and 2 regimes against 3 regimes; figures not in the parenthesis are the test statistics of the -statistic of Hansen [40]; figures in the parenthesis are the simulation-based values for the test statistics. | ||||||||||||||||||