Exchange rate dynamics of the reforming Vietnam: An evidence of long-run equilibrium

Abstract

VUONG QUAN HOAN G in levels, as well as consumer prices measured as index. Table [11 below presents results of our unit roots tests on univariate time series, in levels and first differences, before moving on to work with the models in focus. The series that are put to test span over the sample of 1986: 01 to 2002: 12; that is the entire'reform period of Vietnam.