Table 9 Short-run estimates based on PMG for Turkey
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 | − 0.009002 | 0.000211 | − 42.71297 | 0.0000*** |
D (LEXC)t-1 | − 0.032242 | 0.004929 | − 6.541744 | 0.0345** |
D(LEXC)t-2 | 0.191498 | 0.004822 | 39.71447 | 0.0001*** |
D(LTD) | − 0.004999 | 7.17E-05 | − 69.77593 | 0.0000*** |
D(LTD)t-1 | 0.011487 | 5.33E-05 | 215.4665 | 0.0000*** |
Trend | − 5.82E-06 | 2.15E-10 | − 26,974.36 | 0.0000*** |
Cons | 0.014235 | 0.000416 | 34.25370 | 0.0000*** |