Table 7 Short-run estimates based on PMG for China
From: COVID-19 pandemic and the exchange rate movements: evidence from six major COVID-19 hot spots
Regressor | Coef | Std. Err | t-Statistic | Prob. |
|---|---|---|---|---|
Dependent variable; Exchange rate | ||||
ECT | − 0.129473 | 0.000876 | − 147.8105 | 0.0000*** |
D (LEXC)t-1 | − 0.133257 | 0.004527 | − 29.43905 | 0.0001*** |
D(LEXC)t-2 | 0.004903 | 0.004090 | 1.198849 | 0.3166 |
D(LTD) | 0.008798 | 5.75E-05 | 152.9587 | 0.0000*** |
D(LTD)t-1 | − 0.006742 | 5.73E-05 | − 117.6824 | 0.0000*** |
Trend | − 7.92E-05 | 3.29E-10 | − 240,992.6 | 0.0000*** |
Cons | 0.189731 | 0.001653 | 114.7837 | 0.0000*** |