A unified toolbox for testing, monitoring, and dating structural changes is provided for likelihood-based regression models. In particular, least-squares methods for dating breakpoints are extended to maximum likelihood estimation. The usefulness of all techniques is illustrated by assessing the stability of de facto exchange rate regimes. The toolbox is used for investigating the Chinese exchange rate regime after China gave up on a fixed exchange rate to the US dollar in 2005 and tracking the evolution of the Indian exchange rate regime since 1993.
| Original language | English |
|---|
| Place of Publication | Wien |
|---|
| Publication status | Published - 1 Sept 2008 |
|---|
| Series | Research Report Series / Department of Statistics and Mathematics |
|---|
| Number | 70 |
|---|
- Research Report Series / Department of Statistics and Mathematics