Real Exchange Rate Misalignment: Prelude to Crisis?

(0.00)

∆log(OPEN(-1))

0.008083
(0.00)

∆log(GOV(-1))

0.018307
(0.00)

∆log(DCRE(-1))

0.264572
(0.00)

∆log(NEER(-1))

0.034350
(0.00)

∆log(TOT(-2))

-0.023987

(0.00)

∆FLOW(-2)

-0.026870
(0.00)

∆log(OPEN(-2))

0.014910
(0.00)

∆log(GOV(-2))

-0.012399
(0.00)

∆log(DCRE(-2))

0.207265
(0.00)

∆log(NEER(-2))

0.021085
(0.14)

MA(1)

0.546202
(0.00)

R²

0.84

0.90

_{Adj. R}2

0.83

0.80

Root Mean Sqd. Error

0.008

0.006

Mean Absolute Error

0.006

0.004

Mean Absolute % Error

0.140

0.096

Durbin Watson

0.80

1.52

Breusch-Godfrey Stat.

7..00

Probability (B-G)

0.00

White Statistic

53.11

Probability(White)

0.02

ARCH Statistic

5.18

0.31

Probability (ARCH)

0.02

0.57