This study of stochastic trends in small open economies documents the nonnormal distribution, serial correlation, and nonstationarity of Caribbean exchange rates for the last two decades of the twentieth century. In addition, this study documents clear evidence of co-movement among Caribbean exchange rates for this period especially after the economic reforms of the early 1990s. These findings have important implications for policy makers, managers, investors, and scholars interested in the Caribbean region.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.