id	sid	tid	token	lemma	pos
afbr-299	1	1	copyright	copyright	NOUN
afbr-299	1	2	©	©	PROPN
afbr-299	1	3	cc	cc	PROPN
afbr-299	1	4	-	-	PUNCT
afbr-299	1	5	by	by	ADP
afbr-299	1	6	-	-	PUNCT
afbr-299	1	7	nc	nc	PROPN
afbr-299	1	8	2019	2019	NUM
afbr-299	1	9	,	,	PUNCT
afbr-299	1	10	cribfb	cribfb	PROPN
afbr-299	1	11	|	|	ADV
afbr-299	1	12	afbr	afbr	SCONJ
afbr-299	1	13	australian	australian	ADJ
afbr-299	1	14	finance	finance	NOUN
afbr-299	1	15	&	&	CCONJ
afbr-299	1	16	banking	banking	PROPN
afbr-299	1	17	review	review	PROPN
afbr-299	1	18	;	;	PUNCT
afbr-299	1	19	vol	vol	NOUN
afbr-299	1	20	.	.	PROPN
afbr-299	2	1	3	3	NUM
afbr-299	2	2	,	,	PUNCT
afbr-299	2	3	no	no	INTJ
afbr-299	2	4	.	.	NOUN
afbr-299	2	5	1	1	NUM
afbr-299	2	6	;	;	PUNCT
afbr-299	2	7	2019	2019	NUM
afbr-299	2	8	issn	issn	VERB
afbr-299	2	9	2576	2576	NUM
afbr-299	2	10	-	-	SYM
afbr-299	2	11	1196	1196	NUM
afbr-299	2	12	e	e	NOUN
afbr-299	2	13	-	-	PROPN
afbr-299	2	14	issn	issn	ADJ
afbr-299	2	15	2576	2576	NUM
afbr-299	2	16	-	-	PUNCT
afbr-299	2	17	120x	120x	NUM
afbr-299	2	18	published	publish	VERB
afbr-299	2	19	by	by	ADP
afbr-299	2	20	centre	centre	NOUN
afbr-299	2	21	for	for	ADP
afbr-299	2	22	research	research	NOUN
afbr-299	2	23	on	on	ADP
afbr-299	2	24	islamic	islamic	ADJ
afbr-299	2	25	banking	banking	PROPN
afbr-299	2	26	&	&	CCONJ
afbr-299	2	27	finance	finance	PROPN
afbr-299	2	28	and	and	CCONJ
afbr-299	2	29	business	business	NOUN
afbr-299	2	30	,	,	PUNCT
afbr-299	2	31	usa	usa	PROPN
afbr-299	2	32	20	20	NUM
afbr-299	2	33	triangular	triangular	NOUN
afbr-299	2	34	causality	causality	NOUN
afbr-299	2	35	and	and	CCONJ
afbr-299	2	36	controlling	control	VERB
afbr-299	2	37	parallel	parallel	ADJ
afbr-299	2	38	exchange	exchange	NOUN
afbr-299	2	39	market	market	NOUN
afbr-299	2	40	bijan	bijan	NOUN
afbr-299	2	41	bidabad	bidabad	VERB
afbr-299	2	42	1	1	NUM
afbr-299	2	43	abstract	abstract	NOUN
afbr-299	2	44	in	in	ADP
afbr-299	2	45	this	this	DET
afbr-299	2	46	paper	paper	NOUN
afbr-299	2	47	,	,	PUNCT
afbr-299	2	48	the	the	DET
afbr-299	2	49	triangular	triangular	NOUN
afbr-299	2	50	relationship	relationship	NOUN
afbr-299	2	51	of	of	ADP
afbr-299	2	52	money	money	NOUN
afbr-299	2	53	,	,	PUNCT
afbr-299	2	54	price	price	NOUN
afbr-299	2	55	,	,	PUNCT
afbr-299	2	56	and	and	CCONJ
afbr-299	2	57	foreign	foreign	ADJ
afbr-299	2	58	exchange	exchange	NOUN
afbr-299	2	59	in	in	ADP
afbr-299	2	60	a	a	DET
afbr-299	2	61	causality	causality	NOUN
afbr-299	2	62	context	context	NOUN
afbr-299	2	63	are	be	AUX
afbr-299	2	64	studied	study	VERB
afbr-299	2	65	.	.	PUNCT
afbr-299	3	1	it	it	PRON
afbr-299	3	2	is	be	AUX
afbr-299	3	3	concluded	conclude	VERB
afbr-299	3	4	that	that	SCONJ
afbr-299	3	5	regulating	regulate	VERB
afbr-299	3	6	the	the	DET
afbr-299	3	7	exchange	exchange	NOUN
afbr-299	3	8	rate	rate	NOUN
afbr-299	3	9	by	by	ADP
afbr-299	3	10	volume	volume	NOUN
afbr-299	3	11	of	of	ADP
afbr-299	3	12	liquidity	liquidity	NOUN
afbr-299	3	13	in	in	ADP
afbr-299	3	14	a	a	DET
afbr-299	3	15	period	period	NOUN
afbr-299	3	16	of	of	ADP
afbr-299	3	17	less	less	ADJ
afbr-299	3	18	than	than	ADP
afbr-299	3	19	a	a	PRON
afbr-299	3	20	year	year	NOUN
afbr-299	3	21	is	be	AUX
afbr-299	3	22	not	not	PART
afbr-299	3	23	possible	possible	ADJ
afbr-299	3	24	,	,	PUNCT
afbr-299	3	25	but	but	CCONJ
afbr-299	3	26	in	in	ADP
afbr-299	3	27	annual	annual	ADJ
afbr-299	3	28	and	and	CCONJ
afbr-299	3	29	biannual	biannual	ADJ
afbr-299	3	30	analyses	analysis	NOUN
afbr-299	3	31	we	we	PRON
afbr-299	3	32	can	can	AUX
afbr-299	3	33	regulate	regulate	VERB
afbr-299	3	34	the	the	DET
afbr-299	3	35	exchange	exchange	NOUN
afbr-299	3	36	rate	rate	NOUN
afbr-299	3	37	through	through	ADP
afbr-299	3	38	controlling	control	VERB
afbr-299	3	39	the	the	DET
afbr-299	3	40	liquidity	liquidity	NOUN
afbr-299	3	41	.	.	PUNCT
afbr-299	4	1	in	in	ADP
afbr-299	4	2	other	other	ADJ
afbr-299	4	3	words	word	NOUN
afbr-299	4	4	,	,	PUNCT
afbr-299	4	5	in	in	ADP
afbr-299	4	6	the	the	DET
afbr-299	4	7	long	long	ADJ
afbr-299	4	8	run	run	NOUN
afbr-299	4	9	,	,	PUNCT
afbr-299	4	10	the	the	DET
afbr-299	4	11	exchange	exchange	NOUN
afbr-299	4	12	rate	rate	NOUN
afbr-299	4	13	is	be	AUX
afbr-299	4	14	affected	affect	VERB
afbr-299	4	15	by	by	ADP
afbr-299	4	16	liquidity	liquidity	NOUN
afbr-299	4	17	and	and	CCONJ
afbr-299	4	18	price	price	NOUN
afbr-299	4	19	level	level	NOUN
afbr-299	4	20	,	,	PUNCT
afbr-299	4	21	but	but	CCONJ
afbr-299	4	22	in	in	ADP
afbr-299	4	23	the	the	DET
afbr-299	4	24	short	short	ADJ
afbr-299	4	25	run	run	NOUN
afbr-299	4	26	,	,	PUNCT
afbr-299	4	27	the	the	DET
afbr-299	4	28	price	price	NOUN
afbr-299	4	29	level	level	NOUN
afbr-299	4	30	has	have	VERB
afbr-299	4	31	only	only	ADV
afbr-299	4	32	temporary	temporary	ADJ
afbr-299	4	33	effects	effect	NOUN
afbr-299	4	34	on	on	ADP
afbr-299	4	35	the	the	DET
afbr-299	4	36	exchange	exchange	NOUN
afbr-299	4	37	rate	rate	NOUN
afbr-299	4	38	.	.	PUNCT
afbr-299	5	1	the	the	DET
afbr-299	5	2	results	result	NOUN
afbr-299	5	3	of	of	ADP
afbr-299	5	4	the	the	DET
afbr-299	5	5	study	study	NOUN
afbr-299	5	6	show	show	VERB
afbr-299	5	7	that	that	SCONJ
afbr-299	5	8	:	:	PUNCT
afbr-299	5	9	liquidity	liquidity	NOUN
afbr-299	5	10	affects	affect	VERB
afbr-299	5	11	the	the	DET
afbr-299	5	12	exchange	exchange	NOUN
afbr-299	5	13	rate	rate	NOUN
afbr-299	5	14	in	in	ADP
afbr-299	5	15	the	the	DET
afbr-299	5	16	long	long	ADJ
afbr-299	5	17	run	run	NOUN
afbr-299	5	18	;	;	PUNCT
afbr-299	5	19	price	price	NOUN
afbr-299	5	20	affects	affect	VERB
afbr-299	5	21	the	the	DET
afbr-299	5	22	liquidity	liquidity	NOUN
afbr-299	5	23	in	in	ADP
afbr-299	5	24	the	the	DET
afbr-299	5	25	long	long	ADJ
afbr-299	5	26	run	run	NOUN
afbr-299	5	27	;	;	PUNCT
afbr-299	5	28	in	in	ADP
afbr-299	5	29	the	the	DET
afbr-299	5	30	long	long	ADJ
afbr-299	5	31	run	run	NOUN
afbr-299	5	32	,	,	PUNCT
afbr-299	5	33	liquidity	liquidity	NOUN
afbr-299	5	34	and	and	CCONJ
afbr-299	5	35	exchange	exchange	NOUN
afbr-299	5	36	rate	rate	NOUN
afbr-299	5	37	affect	affect	VERB
afbr-299	5	38	prices	price	NOUN
afbr-299	5	39	.	.	PUNCT
afbr-299	6	1	our	our	PRON
afbr-299	6	2	results	result	NOUN
afbr-299	6	3	show	show	VERB
afbr-299	6	4	that	that	SCONJ
afbr-299	6	5	injection	injection	NOUN
afbr-299	6	6	of	of	ADP
afbr-299	6	7	foreign	foreign	ADJ
afbr-299	6	8	exchange	exchange	NOUN
afbr-299	6	9	into	into	ADP
afbr-299	6	10	the	the	DET
afbr-299	6	11	parallel	parallel	ADJ
afbr-299	6	12	exchange	exchange	NOUN
afbr-299	6	13	market	market	NOUN
afbr-299	6	14	with	with	ADP
afbr-299	6	15	different	different	ADJ
afbr-299	6	16	lags	lag	NOUN
afbr-299	6	17	has	have	VERB
afbr-299	6	18	little	little	ADJ
afbr-299	6	19	effects	effect	NOUN
afbr-299	6	20	with	with	ADP
afbr-299	6	21	different	different	ADJ
afbr-299	6	22	directions	direction	NOUN
afbr-299	6	23	on	on	ADP
afbr-299	6	24	the	the	DET
afbr-299	6	25	exchange	exchange	NOUN
afbr-299	6	26	rate	rate	NOUN
afbr-299	6	27	.	.	PUNCT
afbr-299	7	1	the	the	DET
afbr-299	7	2	same	same	ADJ
afbr-299	7	3	result	result	NOUN
afbr-299	7	4	is	be	AUX
afbr-299	7	5	true	true	ADJ
afbr-299	7	6	for	for	ADP
afbr-299	7	7	the	the	DET
afbr-299	7	8	relationship	relationship	NOUN
afbr-299	7	9	between	between	ADP
afbr-299	7	10	liquidity	liquidity	NOUN
afbr-299	7	11	and	and	CCONJ
afbr-299	7	12	dollar	dollar	NOUN
afbr-299	7	13	rate	rate	NOUN
afbr-299	7	14	.	.	PUNCT
afbr-299	8	1	in	in	ADP
afbr-299	8	2	other	other	ADJ
afbr-299	8	3	words	word	NOUN
afbr-299	8	4	,	,	PUNCT
afbr-299	8	5	in	in	ADP
afbr-299	8	6	spite	spite	NOUN
afbr-299	8	7	of	of	ADP
afbr-299	8	8	the	the	DET
afbr-299	8	9	long	long	ADJ
afbr-299	8	10	run	run	NOUN
afbr-299	8	11	relationship	relationship	NOUN
afbr-299	8	12	between	between	ADP
afbr-299	8	13	exchange	exchange	NOUN
afbr-299	8	14	rate	rate	NOUN
afbr-299	8	15	and	and	CCONJ
afbr-299	8	16	liquidity	liquidity	NOUN
afbr-299	8	17	,	,	PUNCT
afbr-299	8	18	we	we	PRON
afbr-299	8	19	can	can	AUX
afbr-299	8	20	not	not	PART
afbr-299	8	21	justify	justify	VERB
afbr-299	8	22	this	this	DET
afbr-299	8	23	relationship	relationship	NOUN
afbr-299	8	24	in	in	ADP
afbr-299	8	25	the	the	DET
afbr-299	8	26	short	short	ADJ
afbr-299	8	27	run	run	NOUN
afbr-299	8	28	.	.	PUNCT
afbr-299	9	1	the	the	DET
afbr-299	9	2	same	same	ADJ
afbr-299	9	3	is	be	AUX
afbr-299	9	4	true	true	ADJ
afbr-299	9	5	with	with	ADP
afbr-299	9	6	the	the	DET
afbr-299	9	7	balance	balance	NOUN
afbr-299	9	8	of	of	ADP
afbr-299	9	9	payments	payment	NOUN
afbr-299	9	10	position	position	NOUN
afbr-299	9	11	and	and	CCONJ
afbr-299	9	12	exchange	exchange	NOUN
afbr-299	9	13	rate	rate	NOUN
afbr-299	9	14	in	in	ADP
afbr-299	9	15	the	the	DET
afbr-299	9	16	short	short	ADJ
afbr-299	9	17	run	run	NOUN
afbr-299	9	18	.	.	PUNCT
afbr-299	10	1	by	by	ADP
afbr-299	10	2	simulating	simulate	VERB
afbr-299	10	3	the	the	DET
afbr-299	10	4	relationship	relationship	NOUN
afbr-299	10	5	between	between	ADP
afbr-299	10	6	injecting	inject	VERB
afbr-299	10	7	(	(	PUNCT
afbr-299	10	8	selling	selling	NOUN
afbr-299	10	9	)	)	PUNCT
afbr-299	10	10	foreign	foreign	ADJ
afbr-299	10	11	exchange	exchange	NOUN
afbr-299	10	12	in	in	ADP
afbr-299	10	13	the	the	DET
afbr-299	10	14	parallel	parallel	ADJ
afbr-299	10	15	exchange	exchange	NOUN
afbr-299	10	16	market	market	NOUN
afbr-299	10	17	,	,	PUNCT
afbr-299	10	18	liquidity	liquidity	NOUN
afbr-299	10	19	and	and	CCONJ
afbr-299	10	20	the	the	DET
afbr-299	10	21	cumulative	cumulative	ADJ
afbr-299	10	22	balance	balance	NOUN
afbr-299	10	23	of	of	ADP
afbr-299	10	24	payments	payment	NOUN
afbr-299	10	25	all	all	ADV
afbr-299	10	26	with	with	ADP
afbr-299	10	27	exchange	exchange	NOUN
afbr-299	10	28	rate	rate	NOUN
afbr-299	10	29	,	,	PUNCT
afbr-299	10	30	we	we	PRON
afbr-299	10	31	can	can	AUX
afbr-299	10	32	conclude	conclude	VERB
afbr-299	10	33	that	that	SCONJ
afbr-299	10	34	in	in	ADP
afbr-299	10	35	the	the	DET
afbr-299	10	36	short	short	ADJ
afbr-299	10	37	run	run	NOUN
afbr-299	10	38	,	,	PUNCT
afbr-299	10	39	regulating	regulate	VERB
afbr-299	10	40	exchange	exchange	NOUN
afbr-299	10	41	rate	rate	NOUN
afbr-299	10	42	by	by	ADP
afbr-299	10	43	instruments	instrument	NOUN
afbr-299	10	44	such	such	ADJ
afbr-299	10	45	as	as	ADP
afbr-299	10	46	selling	sell	VERB
afbr-299	10	47	exchange	exchange	NOUN
afbr-299	10	48	in	in	ADP
afbr-299	10	49	the	the	DET
afbr-299	10	50	parallel	parallel	ADJ
afbr-299	10	51	market	market	NOUN
afbr-299	10	52	or	or	CCONJ
afbr-299	10	53	controlling	control	VERB
afbr-299	10	54	the	the	DET
afbr-299	10	55	liquidity	liquidity	NOUN
afbr-299	10	56	is	be	AUX
afbr-299	10	57	not	not	PART
afbr-299	10	58	possible	possible	ADJ
afbr-299	10	59	,	,	PUNCT
afbr-299	10	60	but	but	CCONJ
afbr-299	10	61	in	in	ADP
afbr-299	10	62	the	the	DET
afbr-299	10	63	long	long	ADJ
afbr-299	10	64	run	run	NOUN
afbr-299	10	65	,	,	PUNCT
afbr-299	10	66	conducting	conduct	VERB
afbr-299	10	67	foreign	foreign	ADJ
afbr-299	10	68	exchange	exchange	NOUN
afbr-299	10	69	sale	sale	NOUN
afbr-299	10	70	policy	policy	NOUN
afbr-299	10	71	and	and	CCONJ
afbr-299	10	72	controlling	control	VERB
afbr-299	10	73	the	the	DET
afbr-299	10	74	liquidity	liquidity	NOUN
afbr-299	10	75	and	and	CCONJ
afbr-299	10	76	the	the	DET
afbr-299	10	77	balance	balance	NOUN
afbr-299	10	78	of	of	ADP
afbr-299	10	79	payments	payment	NOUN
afbr-299	10	80	position	position	NOUN
afbr-299	10	81	can	can	AUX
afbr-299	10	82	control	control	VERB
afbr-299	10	83	the	the	DET
afbr-299	10	84	exchange	exchange	NOUN
afbr-299	10	85	market	market	NOUN
afbr-299	10	86	.	.	PUNCT
afbr-299	11	1	keywords	keyword	NOUN
afbr-299	11	2	:	:	PUNCT
afbr-299	11	3	foreign	foreign	ADJ
afbr-299	11	4	exchange	exchange	NOUN
afbr-299	11	5	,	,	PUNCT
afbr-299	11	6	money	money	NOUN
afbr-299	11	7	supply	supply	NOUN
afbr-299	11	8	targeting	target	VERB
afbr-299	11	9	,	,	PUNCT
afbr-299	11	10	monetary	monetary	ADJ
afbr-299	11	11	policy	policy	NOUN
afbr-299	11	12	,	,	PUNCT
afbr-299	11	13	market	market	NOUN
afbr-299	11	14	control	control	NOUN
afbr-299	11	15	,	,	PUNCT
afbr-299	11	16	exchange	exchange	NOUN
afbr-299	11	17	rate	rate	NOUN
afbr-299	11	18	policy	policy	NOUN
afbr-299	11	19	1	1	NUM
afbr-299	11	20	.	.	PUNCT
afbr-299	12	1	introduction	introduction	NOUN
afbr-299	12	2	all	all	DET
afbr-299	12	3	policies	policy	NOUN
afbr-299	12	4	that	that	PRON
afbr-299	12	5	are	be	AUX
afbr-299	12	6	to	to	PART
afbr-299	12	7	somehow	somehow	ADV
afbr-299	12	8	related	relate	VERB
afbr-299	12	9	to	to	PART
afbr-299	12	10	exchange	exchange	NOUN
afbr-299	12	11	rate	rate	NOUN
afbr-299	12	12	control	control	NOUN
afbr-299	12	13	can	can	AUX
afbr-299	12	14	be	be	AUX
afbr-299	12	15	related	relate	VERB
afbr-299	12	16	to	to	PART
afbr-299	12	17	exchange	exchange	VERB
afbr-299	12	18	rate	rate	NOUN
afbr-299	12	19	targeting	targeting	NOUN
afbr-299	12	20	,	,	PUNCT
afbr-299	12	21	and	and	CCONJ
afbr-299	12	22	most	most	ADJ
afbr-299	12	23	of	of	ADP
afbr-299	12	24	the	the	DET
afbr-299	12	25	economic	economic	ADJ
afbr-299	12	26	policies	policy	NOUN
afbr-299	12	27	are	be	AUX
afbr-299	12	28	to	to	PART
afbr-299	12	29	somehow	somehow	ADV
afbr-299	12	30	related	relate	VERB
afbr-299	12	31	to	to	ADP
afbr-299	12	32	foreign	foreign	ADJ
afbr-299	12	33	exchange	exchange	NOUN
afbr-299	12	34	.	.	PUNCT
afbr-299	13	1	but	but	CCONJ
afbr-299	13	2	at	at	ADP
afbr-299	13	3	this	this	DET
afbr-299	13	4	moment	moment	NOUN
afbr-299	13	5	,	,	PUNCT
afbr-299	13	6	we	we	PRON
afbr-299	13	7	are	be	AUX
afbr-299	13	8	focused	focus	VERB
afbr-299	13	9	on	on	ADP
afbr-299	13	10	the	the	DET
afbr-299	13	11	supply	supply	NOUN
afbr-299	13	12	of	of	ADP
afbr-299	13	13	foreign	foreign	ADJ
afbr-299	13	14	exchange	exchange	NOUN
afbr-299	13	15	for	for	ADP
afbr-299	13	16	controlling	control	VERB
afbr-299	13	17	the	the	DET
afbr-299	13	18	exchange	exchange	NOUN
afbr-299	13	19	rate	rate	NOUN
afbr-299	13	20	.	.	PUNCT
afbr-299	14	1	the	the	DET
afbr-299	14	2	generality	generality	NOUN
afbr-299	14	3	of	of	ADP
afbr-299	14	4	this	this	DET
afbr-299	14	5	discussion	discussion	NOUN
afbr-299	14	6	is	be	AUX
afbr-299	14	7	prevailing	prevail	VERB
afbr-299	14	8	in	in	ADP
afbr-299	14	9	exchange	exchange	NOUN
afbr-299	14	10	rate	rate	NOUN
afbr-299	14	11	management	management	NOUN
afbr-299	14	12	policies	policy	NOUN
afbr-299	14	13	,	,	PUNCT
afbr-299	14	14	but	but	CCONJ
afbr-299	14	15	here	here	ADV
afbr-299	14	16	we	we	PRON
afbr-299	14	17	only	only	ADV
afbr-299	14	18	study	study	VERB
afbr-299	14	19	the	the	DET
afbr-299	14	20	open	open	ADJ
afbr-299	14	21	market	market	NOUN
afbr-299	14	22	policy	policy	NOUN
afbr-299	14	23	conducted	conduct	VERB
afbr-299	14	24	on	on	ADP
afbr-299	14	25	foreign	foreign	ADJ
afbr-299	14	26	exchange	exchange	NOUN
afbr-299	14	27	by	by	ADP
afbr-299	14	28	monetary	monetary	ADJ
afbr-299	14	29	authorities	authority	NOUN
afbr-299	14	30	in	in	ADP
afbr-299	14	31	the	the	DET
afbr-299	14	32	parallel	parallel	ADJ
afbr-299	14	33	market	market	NOUN
afbr-299	14	34	.	.	PUNCT
afbr-299	15	1	this	this	DET
afbr-299	15	2	policy	policy	NOUN
afbr-299	15	3	is	be	AUX
afbr-299	15	4	called	call	VERB
afbr-299	15	5	“	"	PUNCT
afbr-299	15	6	sale	sale	NOUN
afbr-299	15	7	of	of	ADP
afbr-299	15	8	foreign	foreign	ADJ
afbr-299	15	9	exchange	exchange	NOUN
afbr-299	15	10	in	in	ADP
afbr-299	15	11	the	the	DET
afbr-299	15	12	parallel	parallel	ADJ
afbr-299	15	13	(	(	PUNCT
afbr-299	15	14	free	free	ADJ
afbr-299	15	15	)	)	PUNCT
afbr-299	15	16	market	market	NOUN
afbr-299	15	17	”	"	PUNCT
afbr-299	15	18	and	and	CCONJ
afbr-299	15	19	was	be	AUX
afbr-299	15	20	adopted	adopt	VERB
afbr-299	15	21	for	for	ADP
afbr-299	15	22	the	the	DET
afbr-299	15	23	period	period	NOUN
afbr-299	15	24	of	of	ADP
afbr-299	15	25	1989	1989	NUM
afbr-299	15	26	to	to	ADP
afbr-299	15	27	2001	2001	NUM
afbr-299	15	28	.	.	PUNCT
afbr-299	16	1	in	in	ADP
afbr-299	16	2	general	general	ADJ
afbr-299	16	3	,	,	PUNCT
afbr-299	16	4	it	it	PRON
afbr-299	16	5	is	be	AUX
afbr-299	16	6	clear	clear	ADJ
afbr-299	16	7	that	that	SCONJ
afbr-299	16	8	whenever	whenever	SCONJ
afbr-299	16	9	governments	government	NOUN
afbr-299	16	10	try	try	VERB
afbr-299	16	11	to	to	PART
afbr-299	16	12	control	control	VERB
afbr-299	16	13	prices	price	NOUN
afbr-299	16	14	through	through	ADP
afbr-299	16	15	non	non	ADJ
afbr-299	16	16	-	-	ADJ
afbr-299	16	17	economic	economic	ADJ
afbr-299	16	18	measures	measure	NOUN
afbr-299	16	19	which	which	PRON
afbr-299	16	20	are	be	AUX
afbr-299	16	21	in	in	ADP
afbr-299	16	22	confliction	confliction	NOUN
afbr-299	16	23	with	with	ADP
afbr-299	16	24	supply	supply	NOUN
afbr-299	16	25	and	and	CCONJ
afbr-299	16	26	demand	demand	NOUN
afbr-299	16	27	mechanism	mechanism	NOUN
afbr-299	16	28	,	,	PUNCT
afbr-299	16	29	automatically	automatically	ADV
afbr-299	16	30	a	a	DET
afbr-299	16	31	parallel	parallel	ADJ
afbr-299	16	32	market	market	NOUN
afbr-299	16	33	is	be	AUX
afbr-299	16	34	developed	develop	VERB
afbr-299	16	35	.	.	PUNCT
afbr-299	17	1	the	the	DET
afbr-299	17	2	emergence	emergence	NOUN
afbr-299	17	3	of	of	ADP
afbr-299	17	4	the	the	DET
afbr-299	17	5	parallel	parallel	ADJ
afbr-299	17	6	exchange	exchange	NOUN
afbr-299	17	7	market	market	NOUN
afbr-299	17	8	in	in	ADP
afbr-299	17	9	the	the	DET
afbr-299	17	10	previous	previous	ADJ
afbr-299	17	11	two	two	NUM
afbr-299	17	12	decades	decade	NOUN
afbr-299	17	13	is	be	AUX
afbr-299	17	14	not	not	PART
afbr-299	17	15	exempted	exempt	VERB
afbr-299	17	16	from	from	ADP
afbr-299	17	17	this	this	DET
afbr-299	17	18	general	general	ADJ
afbr-299	17	19	rule	rule	NOUN
afbr-299	17	20	.	.	PUNCT
afbr-299	18	1	governments	government	NOUN
afbr-299	18	2	consider	consider	VERB
afbr-299	18	3	parallel	parallel	ADJ
afbr-299	18	4	markets	market	NOUN
afbr-299	18	5	as	as	ADP
afbr-299	18	6	an	an	DET
afbr-299	18	7	obstacle	obstacle	NOUN
afbr-299	18	8	for	for	ADP
afbr-299	18	9	implementing	implement	VERB
afbr-299	18	10	their	their	PRON
afbr-299	18	11	policies	policy	NOUN
afbr-299	18	12	,	,	PUNCT
afbr-299	18	13	but	but	CCONJ
afbr-299	18	14	we	we	PRON
afbr-299	18	15	should	should	AUX
afbr-299	18	16	accept	accept	VERB
afbr-299	18	17	that	that	SCONJ
afbr-299	18	18	parallel	parallel	ADJ
afbr-299	18	19	markets	market	NOUN
afbr-299	18	20	are	be	AUX
afbr-299	18	21	the	the	DET
afbr-299	18	22	results	result	NOUN
afbr-299	18	23	of	of	ADP
afbr-299	18	24	the	the	DET
afbr-299	18	25	government	government	NOUN
afbr-299	18	26	policies	policy	NOUN
afbr-299	18	27	.	.	PUNCT
afbr-299	19	1	in	in	ADP
afbr-299	19	2	other	other	ADJ
afbr-299	19	3	words	word	NOUN
afbr-299	19	4	,	,	PUNCT
afbr-299	19	5	whenever	whenever	SCONJ
afbr-299	19	6	we	we	PRON
afbr-299	19	7	do	do	AUX
afbr-299	19	8	not	not	PART
afbr-299	19	9	follow	follow	VERB
afbr-299	19	10	the	the	DET
afbr-299	19	11	inherent	inherent	ADJ
afbr-299	19	12	rules	rule	NOUN
afbr-299	19	13	of	of	ADP
afbr-299	19	14	economics	economic	NOUN
afbr-299	19	15	,	,	PUNCT
afbr-299	19	16	we	we	PRON
afbr-299	19	17	should	should	AUX
afbr-299	19	18	be	be	AUX
afbr-299	19	19	waiting	wait	VERB
afbr-299	19	20	for	for	ADP
afbr-299	19	21	the	the	DET
afbr-299	19	22	emergence	emergence	NOUN
afbr-299	19	23	parallel	parallel	ADJ
afbr-299	19	24	market	market	NOUN
afbr-299	19	25	in	in	ADP
afbr-299	19	26	the	the	DET
afbr-299	19	27	same	same	ADJ
afbr-299	19	28	field	field	NOUN
afbr-299	19	29	of	of	ADP
afbr-299	19	30	policymaking	policymaking	NOUN
afbr-299	19	31	.	.	PUNCT
afbr-299	20	1	before	before	ADP
afbr-299	20	2	the	the	DET
afbr-299	20	3	revolution	revolution	NOUN
afbr-299	20	4	,	,	PUNCT
afbr-299	20	5	the	the	DET
afbr-299	20	6	foreign	foreign	ADJ
afbr-299	20	7	exchange	exchange	NOUN
afbr-299	20	8	parallel	parallel	NOUN
afbr-299	20	9	market	market	NOUN
afbr-299	20	10	was	be	AUX
afbr-299	20	11	negligible	negligible	ADJ
afbr-299	20	12	.	.	PUNCT
afbr-299	21	1	very	very	ADV
afbr-299	21	2	few	few	ADJ
afbr-299	21	3	amounts	amount	NOUN
afbr-299	21	4	of	of	ADP
afbr-299	21	5	foreign	foreign	ADJ
afbr-299	21	6	exchange	exchange	NOUN
afbr-299	21	7	were	be	AUX
afbr-299	21	8	transacted	transact	VERB
afbr-299	21	9	in	in	ADP
afbr-299	21	10	exchange	exchange	NOUN
afbr-299	21	11	offices	office	NOUN
afbr-299	21	12	at	at	ADP
afbr-299	21	13	a	a	DET
afbr-299	21	14	price	price	NOUN
afbr-299	21	15	which	which	PRON
afbr-299	21	16	followed	follow	VERB
afbr-299	21	17	the	the	DET
afbr-299	21	18	exchange	exchange	NOUN
afbr-299	21	19	rate	rate	NOUN
afbr-299	21	20	of	of	ADP
afbr-299	21	21	the	the	DET
afbr-299	21	22	banking	banking	NOUN
afbr-299	21	23	system	system	NOUN
afbr-299	21	24	,	,	PUNCT
afbr-299	21	25	so	so	SCONJ
afbr-299	21	26	these	these	DET
afbr-299	21	27	exchange	exchange	NOUN
afbr-299	21	28	offices	office	NOUN
afbr-299	21	29	pegged	peg	VERB
afbr-299	21	30	their	their	PRON
afbr-299	21	31	rates	rate	NOUN
afbr-299	21	32	between	between	ADP
afbr-299	21	33	of	of	ADP
afbr-299	21	34	bid	bid	NOUN
afbr-299	21	35	and	and	CCONJ
afbr-299	21	36	offer	offer	VERB
afbr-299	21	37	rates	rate	NOUN
afbr-299	21	38	of	of	ADP
afbr-299	21	39	the	the	DET
afbr-299	21	40	banking	banking	NOUN
afbr-299	21	41	rates	rate	NOUN
afbr-299	21	42	.	.	PUNCT
afbr-299	22	1	in	in	ADP
afbr-299	22	2	other	other	ADJ
afbr-299	22	3	words	word	NOUN
afbr-299	22	4	,	,	PUNCT
afbr-299	22	5	their	their	PRON
afbr-299	22	6	1	1	NUM
afbr-299	22	7	(	(	PUNCT
afbr-299	22	8	b.a	b.a	PROPN
afbr-299	22	9	.	.	PROPN
afbr-299	22	10	,	,	PUNCT
afbr-299	22	11	m.sc	m.sc	PROPN
afbr-299	22	12	.	.	PROPN
afbr-299	22	13	,	,	PUNCT
afbr-299	22	14	ph.d	ph.d	PROPN
afbr-299	22	15	.	.	PROPN
afbr-299	22	16	,	,	PUNCT
afbr-299	22	17	post	post	PROPN
afbr-299	22	18	-	-	ADJ
afbr-299	22	19	doc	doc	NOUN
afbr-299	22	20	.	.	PUNCT
afbr-299	22	21	)	)	PUNCT
afbr-299	22	22	research	research	NOUN
afbr-299	22	23	professor	professor	NOUN
afbr-299	22	24	of	of	ADP
afbr-299	22	25	economics	economic	NOUN
afbr-299	22	26	,	,	PUNCT
afbr-299	22	27	monetary	monetary	NOUN
afbr-299	22	28	and	and	CCONJ
afbr-299	22	29	banking	banking	NOUN
afbr-299	22	30	research	research	PROPN
afbr-299	22	31	academy	academy	PROPN
afbr-299	22	32	,	,	PUNCT
afbr-299	22	33	bidabad@yahoo.com	bidabad@yahoo.com	X
afbr-299	22	34	bijan@bidabad.com	bijan@bidabad.com	X
afbr-299	23	1	http://www.bidabad.com	http://www.bidabad.com	X
afbr-299	23	2	.	.	PUNCT
afbr-299	24	1	this	this	DET
afbr-299	24	2	paper	paper	NOUN
afbr-299	24	3	is	be	AUX
afbr-299	24	4	the	the	DET
afbr-299	24	5	summary	summary	NOUN
afbr-299	24	6	of	of	ADP
afbr-299	24	7	the	the	DET
afbr-299	24	8	project	project	NOUN
afbr-299	24	9	:	:	PUNCT
afbr-299	24	10	bijan	bijan	NOUN
afbr-299	24	11	bidabad	bidabad	NOUN
afbr-299	24	12	,	,	PUNCT
afbr-299	24	13	parallel	parallel	ADJ
afbr-299	24	14	exchange	exchange	NOUN
afbr-299	24	15	market	market	NOUN
afbr-299	24	16	control	control	NOUN
afbr-299	24	17	by	by	ADP
afbr-299	24	18	monetary	monetary	ADJ
afbr-299	24	19	targeting	targeting	NOUN
afbr-299	24	20	and	and	CCONJ
afbr-299	24	21	complementary	complementary	ADJ
afbr-299	24	22	policies	policy	NOUN
afbr-299	24	23	.	.	PUNCT
afbr-299	25	1	monetary	monetary	ADJ
afbr-299	25	2	and	and	CCONJ
afbr-299	25	3	banking	banking	NOUN
afbr-299	25	4	research	research	PROPN
afbr-299	25	5	academy	academy	PROPN
afbr-299	25	6	,	,	PUNCT
afbr-299	25	7	central	central	ADJ
afbr-299	25	8	bank	bank	NOUN
afbr-299	25	9	of	of	ADP
afbr-299	25	10	iran	iran	PROPN
afbr-299	25	11	,	,	PUNCT
afbr-299	25	12	tehran	tehran	PROPN
afbr-299	25	13	,	,	PUNCT
afbr-299	25	14	iran	iran	PROPN
afbr-299	25	15	.	.	PUNCT
afbr-299	26	1	http://www.bidabad.com/doc/exchange-control.pdf	http://www.bidabad.com/doc/exchange-control.pdf	PROPN
afbr-299	26	2	http://www.bidabad.com/	http://www.bidabad.com/	NOUN
afbr-299	27	1	bijan@bidabad.com	bijan@bidabad.com	X
afbr-299	27	2	bidabad@yahoo.com	bidabad@yahoo.com	X
afbr-299	28	1	mailto:bidabad@yahoo.com	mailto:bidabad@yahoo.com	X
afbr-299	28	2	mailto:bijan@bidabad.com	mailto:bijan@bidabad.com	PROPN
afbr-299	28	3	http://www.bidabad.com/	http://www.bidabad.com/	PROPN
afbr-299	29	1	http://www.bidabad.com/doc/exchange-control.pdf	http://www.bidabad.com/doc/exchange-control.pdf	PROPN
afbr-299	29	2	http://www.bidabad.com/	http://www.bidabad.com/	NOUN
afbr-299	29	3	mailto:bijan@bidabad.com	mailto:bijan@bidabad.com	PROPN
afbr-299	29	4	mailto:bidabad@yahoo.com	mailto:bidabad@yahoo.com	X
afbr-299	29	5	mailto:bidabad@yahoo.com	mailto:bidabad@yahoo.com	X
afbr-299	29	6	copyright	copyright	NOUN
afbr-299	29	7	©	©	PROPN
afbr-299	29	8	cc	cc	PROPN
afbr-299	29	9	-	-	PUNCT
afbr-299	29	10	by	by	ADP
afbr-299	29	11	-	-	PUNCT
afbr-299	29	12	nc	nc	PROPN
afbr-299	29	13	2019	2019	NUM
afbr-299	29	14	,	,	PUNCT
afbr-299	29	15	cribfb	cribfb	PROPN
afbr-299	29	16	|	|	ADV
afbr-299	29	17	afbr	afbr	PROPN
afbr-299	29	18	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADJ
afbr-299	29	19	australian	australian	ADJ
afbr-299	29	20	finance	finance	PROPN
afbr-299	29	21	&	&	CCONJ
afbr-299	29	22	banking	banking	PROPN
afbr-299	29	23	review	review	PROPN
afbr-299	29	24	vol	vol	NOUN
afbr-299	29	25	.	.	PROPN
afbr-299	30	1	3	3	NUM
afbr-299	30	2	,	,	PUNCT
afbr-299	30	3	no	no	INTJ
afbr-299	30	4	.	.	NOUN
afbr-299	30	5	1	1	NUM
afbr-299	30	6	;	;	PUNCT
afbr-299	30	7	2019	2019	NUM
afbr-299	30	8	21	21	NUM
afbr-299	30	9	bid	bid	NOUN
afbr-299	30	10	rate	rate	NOUN
afbr-299	30	11	was	be	AUX
afbr-299	30	12	a	a	DET
afbr-299	30	13	little	little	ADJ
afbr-299	30	14	more	more	ADJ
afbr-299	30	15	than	than	ADP
afbr-299	30	16	the	the	DET
afbr-299	30	17	bid	bid	NOUN
afbr-299	30	18	rate	rate	NOUN
afbr-299	30	19	of	of	ADP
afbr-299	30	20	the	the	DET
afbr-299	30	21	banking	banking	NOUN
afbr-299	30	22	system	system	NOUN
afbr-299	30	23	,	,	PUNCT
afbr-299	30	24	and	and	CCONJ
afbr-299	30	25	their	their	PRON
afbr-299	30	26	offer	offer	NOUN
afbr-299	30	27	rate	rate	NOUN
afbr-299	30	28	was	be	AUX
afbr-299	30	29	a	a	DET
afbr-299	30	30	little	little	ADV
afbr-299	30	31	lower	low	ADJ
afbr-299	30	32	than	than	ADP
afbr-299	30	33	the	the	DET
afbr-299	30	34	banking	banking	NOUN
afbr-299	30	35	offer	offer	NOUN
afbr-299	30	36	rates	rate	NOUN
afbr-299	30	37	.	.	PUNCT
afbr-299	31	1	this	this	DET
afbr-299	31	2	method	method	NOUN
afbr-299	31	3	of	of	ADP
afbr-299	31	4	pricing	pricing	NOUN
afbr-299	31	5	helped	help	VERB
afbr-299	31	6	them	they	PRON
afbr-299	31	7	to	to	PART
afbr-299	31	8	survive	survive	VERB
afbr-299	31	9	;	;	PUNCT
afbr-299	31	10	in	in	ADP
afbr-299	31	11	other	other	ADJ
afbr-299	31	12	words	word	NOUN
afbr-299	31	13	,	,	PUNCT
afbr-299	31	14	their	their	PRON
afbr-299	31	15	profit	profit	NOUN
afbr-299	31	16	margin	margin	NOUN
afbr-299	31	17	was	be	AUX
afbr-299	31	18	between	between	ADP
afbr-299	31	19	the	the	DET
afbr-299	31	20	profit	profit	NOUN
afbr-299	31	21	margins	margin	NOUN
afbr-299	31	22	of	of	ADP
afbr-299	31	23	the	the	DET
afbr-299	31	24	banks	bank	NOUN
afbr-299	31	25	.	.	PUNCT
afbr-299	32	1	after	after	ADP
afbr-299	32	2	the	the	DET
afbr-299	32	3	revolution	revolution	NOUN
afbr-299	32	4	,	,	PUNCT
afbr-299	32	5	banks	bank	NOUN
afbr-299	32	6	developed	develop	VERB
afbr-299	32	7	regulations	regulation	NOUN
afbr-299	32	8	on	on	ADP
afbr-299	32	9	exchange	exchange	NOUN
afbr-299	32	10	sale	sale	NOUN
afbr-299	32	11	,	,	PUNCT
afbr-299	32	12	which	which	PRON
afbr-299	32	13	was	be	AUX
afbr-299	32	14	considered	consider	VERB
afbr-299	32	15	as	as	ADP
afbr-299	32	16	a	a	DET
afbr-299	32	17	restriction	restriction	NOUN
afbr-299	32	18	for	for	ADP
afbr-299	32	19	the	the	DET
afbr-299	32	20	supply	supply	NOUN
afbr-299	32	21	of	of	ADP
afbr-299	32	22	foreign	foreign	ADJ
afbr-299	32	23	exchange	exchange	NOUN
afbr-299	32	24	.	.	PUNCT
afbr-299	33	1	the	the	DET
afbr-299	33	2	restricted	restricted	ADJ
afbr-299	33	3	supply	supply	NOUN
afbr-299	33	4	practically	practically	ADV
afbr-299	33	5	pushed	push	VERB
afbr-299	33	6	up	up	ADP
afbr-299	33	7	the	the	DET
afbr-299	33	8	rates	rate	NOUN
afbr-299	33	9	,	,	PUNCT
afbr-299	33	10	but	but	CCONJ
afbr-299	33	11	the	the	DET
afbr-299	33	12	government	government	NOUN
afbr-299	33	13	kept	keep	VERB
afbr-299	33	14	banking	banking	NOUN
afbr-299	33	15	rates	rate	NOUN
afbr-299	33	16	unchanged	unchanged	ADJ
afbr-299	33	17	,	,	PUNCT
afbr-299	33	18	which	which	PRON
afbr-299	33	19	caused	cause	VERB
afbr-299	33	20	to	to	PART
afbr-299	33	21	develop	develop	VERB
afbr-299	33	22	a	a	DET
afbr-299	33	23	parallel	parallel	ADJ
afbr-299	33	24	market	market	NOUN
afbr-299	33	25	with	with	ADP
afbr-299	33	26	higher	high	ADJ
afbr-299	33	27	rates	rate	NOUN
afbr-299	33	28	.	.	PUNCT
afbr-299	34	1	because	because	SCONJ
afbr-299	34	2	of	of	ADP
afbr-299	34	3	the	the	DET
afbr-299	34	4	unordinary	unordinary	ADJ
afbr-299	34	5	conditions	condition	NOUN
afbr-299	34	6	of	of	ADP
afbr-299	34	7	post	post	NOUN
afbr-299	34	8	-	-	NOUN
afbr-299	34	9	revolution	revolution	NOUN
afbr-299	34	10	,	,	PUNCT
afbr-299	34	11	the	the	DET
afbr-299	34	12	gap	gap	NOUN
afbr-299	34	13	between	between	ADP
afbr-299	34	14	the	the	DET
afbr-299	34	15	parallel	parallel	ADJ
afbr-299	34	16	market	market	NOUN
afbr-299	34	17	and	and	CCONJ
afbr-299	34	18	banking	banking	NOUN
afbr-299	34	19	rates	rate	NOUN
afbr-299	34	20	widened	widen	VERB
afbr-299	34	21	.	.	PUNCT
afbr-299	35	1	the	the	DET
afbr-299	35	2	government	government	NOUN
afbr-299	35	3	tried	try	VERB
afbr-299	35	4	several	several	ADJ
afbr-299	35	5	times	time	NOUN
afbr-299	35	6	to	to	PART
afbr-299	35	7	control	control	VERB
afbr-299	35	8	this	this	DET
afbr-299	35	9	market	market	NOUN
afbr-299	35	10	with	with	ADP
afbr-299	35	11	new	new	ADJ
afbr-299	35	12	regulations	regulation	NOUN
afbr-299	35	13	.	.	PUNCT
afbr-299	36	1	the	the	DET
afbr-299	36	2	extent	extent	NOUN
afbr-299	36	3	of	of	ADP
afbr-299	36	4	these	these	DET
afbr-299	36	5	regulations	regulation	NOUN
afbr-299	36	6	went	go	VERB
afbr-299	36	7	so	so	ADV
afbr-299	36	8	far	far	ADV
afbr-299	36	9	to	to	PART
afbr-299	36	10	consider	consider	VERB
afbr-299	36	11	the	the	DET
afbr-299	36	12	dealers	dealer	NOUN
afbr-299	36	13	of	of	ADP
afbr-299	36	14	the	the	DET
afbr-299	36	15	parallel	parallel	ADJ
afbr-299	36	16	market	market	NOUN
afbr-299	36	17	as	as	SCONJ
afbr-299	36	18	trouble	trouble	NOUN
afbr-299	36	19	-	-	PUNCT
afbr-299	36	20	makers	maker	NOUN
afbr-299	36	21	,	,	PUNCT
afbr-299	36	22	or	or	CCONJ
afbr-299	36	23	economic	economic	ADJ
afbr-299	36	24	terrorists	terrorist	NOUN
afbr-299	36	25	and	and	CCONJ
afbr-299	36	26	heavy	heavy	ADJ
afbr-299	36	27	penalties	penalty	NOUN
afbr-299	36	28	were	be	AUX
afbr-299	36	29	developed	develop	VERB
afbr-299	36	30	for	for	ADP
afbr-299	36	31	them	they	PRON
afbr-299	36	32	,	,	PUNCT
afbr-299	36	33	and	and	CCONJ
afbr-299	36	34	police	police	NOUN
afbr-299	36	35	and	and	CCONJ
afbr-299	36	36	security	security	NOUN
afbr-299	36	37	forces	force	NOUN
afbr-299	36	38	were	be	AUX
afbr-299	36	39	used	use	VERB
afbr-299	36	40	against	against	ADP
afbr-299	36	41	this	this	DET
afbr-299	36	42	market	market	NOUN
afbr-299	36	43	,	,	PUNCT
afbr-299	36	44	but	but	CCONJ
afbr-299	36	45	the	the	DET
afbr-299	36	46	government	government	NOUN
afbr-299	36	47	had	have	VERB
afbr-299	36	48	little	little	ADJ
afbr-299	36	49	success	success	NOUN
afbr-299	36	50	in	in	ADP
afbr-299	36	51	eliminating	eliminate	VERB
afbr-299	36	52	this	this	DET
afbr-299	36	53	market	market	NOUN
afbr-299	36	54	.	.	PUNCT
afbr-299	37	1	one	one	NUM
afbr-299	37	2	of	of	ADP
afbr-299	37	3	the	the	DET
afbr-299	37	4	policies	policy	NOUN
afbr-299	37	5	applied	apply	VERB
afbr-299	37	6	against	against	ADP
afbr-299	37	7	this	this	DET
afbr-299	37	8	market	market	NOUN
afbr-299	37	9	was	be	AUX
afbr-299	37	10	government	government	NOUN
afbr-299	37	11	interference	interference	NOUN
afbr-299	37	12	in	in	ADP
afbr-299	37	13	the	the	DET
afbr-299	37	14	market	market	NOUN
afbr-299	37	15	by	by	ADP
afbr-299	37	16	direct	direct	ADJ
afbr-299	37	17	sale	sale	NOUN
afbr-299	37	18	of	of	ADP
afbr-299	37	19	foreign	foreign	ADJ
afbr-299	37	20	exchange	exchange	NOUN
afbr-299	37	21	in	in	ADP
afbr-299	37	22	order	order	NOUN
afbr-299	37	23	to	to	PART
afbr-299	37	24	increase	increase	VERB
afbr-299	37	25	the	the	DET
afbr-299	37	26	supply	supply	NOUN
afbr-299	37	27	and	and	CCONJ
afbr-299	37	28	decrease	decrease	VERB
afbr-299	37	29	the	the	DET
afbr-299	37	30	parallel	parallel	ADJ
afbr-299	37	31	rates	rate	NOUN
afbr-299	37	32	.	.	PUNCT
afbr-299	38	1	this	this	DET
afbr-299	38	2	policy	policy	NOUN
afbr-299	38	3	was	be	AUX
afbr-299	38	4	conducted	conduct	VERB
afbr-299	38	5	in	in	ADP
afbr-299	38	6	several	several	ADJ
afbr-299	38	7	ways	way	NOUN
afbr-299	38	8	so	so	SCONJ
afbr-299	38	9	that	that	SCONJ
afbr-299	38	10	the	the	DET
afbr-299	38	11	banking	banking	NOUN
afbr-299	38	12	system	system	NOUN
afbr-299	38	13	also	also	ADV
afbr-299	38	14	sold	sell	VERB
afbr-299	38	15	foreign	foreign	ADJ
afbr-299	38	16	exchange	exchange	NOUN
afbr-299	38	17	with	with	ADP
afbr-299	38	18	special	special	ADJ
afbr-299	38	19	rates	rate	NOUN
afbr-299	38	20	and	and	CCONJ
afbr-299	38	21	conditions	condition	NOUN
afbr-299	38	22	.	.	PUNCT
afbr-299	39	1	sometimes	sometimes	ADV
afbr-299	39	2	the	the	DET
afbr-299	39	3	central	central	ADJ
afbr-299	39	4	bank	bank	NOUN
afbr-299	39	5	gave	give	VERB
afbr-299	39	6	official	official	ADJ
afbr-299	39	7	permissions	permission	NOUN
afbr-299	39	8	to	to	ADP
afbr-299	39	9	private	private	ADJ
afbr-299	39	10	foreign	foreign	ADJ
afbr-299	39	11	exchange	exchange	NOUN
afbr-299	39	12	offices	office	NOUN
afbr-299	39	13	and	and	CCONJ
afbr-299	39	14	sold	sell	VERB
afbr-299	39	15	foreign	foreign	ADJ
afbr-299	39	16	exchange	exchange	NOUN
afbr-299	39	17	through	through	ADP
afbr-299	39	18	these	these	DET
afbr-299	39	19	offices	office	NOUN
afbr-299	39	20	.	.	PUNCT
afbr-299	40	1	in	in	ADP
afbr-299	40	2	some	some	DET
afbr-299	40	3	exceptional	exceptional	ADJ
afbr-299	40	4	cases	case	NOUN
afbr-299	40	5	,	,	PUNCT
afbr-299	40	6	the	the	DET
afbr-299	40	7	brokers	broker	NOUN
afbr-299	40	8	of	of	ADP
afbr-299	40	9	the	the	DET
afbr-299	40	10	central	central	ADJ
afbr-299	40	11	bank	bank	NOUN
afbr-299	40	12	sold	sell	VERB
afbr-299	40	13	foreign	foreign	ADJ
afbr-299	40	14	exchange	exchange	NOUN
afbr-299	40	15	on	on	ADP
afbr-299	40	16	the	the	DET
afbr-299	40	17	nearby	nearby	ADJ
afbr-299	40	18	main	main	ADJ
afbr-299	40	19	streets	street	NOUN
afbr-299	40	20	.	.	PUNCT
afbr-299	41	1	these	these	DET
afbr-299	41	2	decisions	decision	NOUN
afbr-299	41	3	were	be	AUX
afbr-299	41	4	made	make	VERB
afbr-299	41	5	on	on	ADP
afbr-299	41	6	the	the	DET
afbr-299	41	7	bases	basis	NOUN
afbr-299	41	8	of	of	ADP
afbr-299	41	9	the	the	DET
afbr-299	41	10	analysis	analysis	NOUN
afbr-299	41	11	of	of	ADP
afbr-299	41	12	the	the	DET
afbr-299	41	13	decision	decision	NOUN
afbr-299	41	14	makers	maker	NOUN
afbr-299	41	15	of	of	ADP
afbr-299	41	16	those	those	DET
afbr-299	41	17	days	day	NOUN
afbr-299	41	18	,	,	PUNCT
afbr-299	41	19	but	but	CCONJ
afbr-299	41	20	the	the	DET
afbr-299	41	21	main	main	ADJ
afbr-299	41	22	principle	principle	NOUN
afbr-299	41	23	behind	behind	ADP
afbr-299	41	24	these	these	DET
afbr-299	41	25	decisions	decision	NOUN
afbr-299	41	26	was	be	AUX
afbr-299	41	27	injecting	inject	VERB
afbr-299	41	28	foreign	foreign	ADJ
afbr-299	41	29	exchange	exchange	NOUN
afbr-299	41	30	into	into	ADP
afbr-299	41	31	the	the	DET
afbr-299	41	32	market	market	NOUN
afbr-299	41	33	in	in	ADP
afbr-299	41	34	order	order	NOUN
afbr-299	41	35	to	to	PART
afbr-299	41	36	decrease	decrease	VERB
afbr-299	41	37	the	the	DET
afbr-299	41	38	parallel	parallel	ADJ
afbr-299	41	39	rates	rate	NOUN
afbr-299	41	40	and	and	CCONJ
afbr-299	41	41	achieve	achieve	VERB
afbr-299	41	42	income	income	NOUN
afbr-299	41	43	in	in	ADP
afbr-299	41	44	rial	rial	ADJ
afbr-299	41	45	terms	term	NOUN
afbr-299	41	46	.	.	PUNCT
afbr-299	42	1	the	the	DET
afbr-299	42	2	main	main	ADJ
afbr-299	42	3	precondition	precondition	NOUN
afbr-299	42	4	for	for	ADP
afbr-299	42	5	applying	apply	VERB
afbr-299	42	6	this	this	DET
afbr-299	42	7	policy	policy	NOUN
afbr-299	42	8	is	be	AUX
afbr-299	42	9	the	the	DET
afbr-299	42	10	acceptance	acceptance	NOUN
afbr-299	42	11	of	of	ADP
afbr-299	42	12	an	an	DET
afbr-299	42	13	unofficial	unofficial	ADJ
afbr-299	42	14	foreign	foreign	ADJ
afbr-299	42	15	exchange	exchange	NOUN
afbr-299	42	16	market	market	NOUN
afbr-299	42	17	.	.	PUNCT
afbr-299	43	1	in	in	ADP
afbr-299	43	2	some	some	DET
afbr-299	43	3	years	year	NOUN
afbr-299	43	4	,	,	PUNCT
afbr-299	43	5	the	the	DET
afbr-299	43	6	policymakers	policymaker	NOUN
afbr-299	43	7	were	be	AUX
afbr-299	43	8	so	so	ADV
afbr-299	43	9	radical	radical	ADJ
afbr-299	43	10	that	that	SCONJ
afbr-299	43	11	they	they	PRON
afbr-299	43	12	considered	consider	VERB
afbr-299	43	13	the	the	DET
afbr-299	43	14	dealers	dealer	NOUN
afbr-299	43	15	of	of	ADP
afbr-299	43	16	the	the	DET
afbr-299	43	17	parallel	parallel	ADJ
afbr-299	43	18	market	market	NOUN
afbr-299	43	19	as	as	ADP
afbr-299	43	20	smugglers	smuggler	NOUN
afbr-299	43	21	and	and	CCONJ
afbr-299	43	22	punished	punish	VERB
afbr-299	43	23	them	they	PRON
afbr-299	43	24	very	very	ADV
afbr-299	43	25	severely	severely	ADV
afbr-299	43	26	,	,	PUNCT
afbr-299	43	27	which	which	PRON
afbr-299	43	28	suggests	suggest	VERB
afbr-299	43	29	that	that	SCONJ
afbr-299	43	30	this	this	DET
afbr-299	43	31	policy	policy	NOUN
afbr-299	43	32	was	be	AUX
afbr-299	43	33	not	not	PART
afbr-299	43	34	developed	develop	VERB
afbr-299	43	35	very	very	ADV
afbr-299	43	36	well	well	ADV
afbr-299	43	37	.	.	PUNCT
afbr-299	44	1	we	we	PRON
afbr-299	44	2	should	should	AUX
afbr-299	44	3	accept	accept	VERB
afbr-299	44	4	that	that	SCONJ
afbr-299	44	5	during	during	ADP
afbr-299	44	6	the	the	DET
afbr-299	44	7	scarcity	scarcity	NOUN
afbr-299	44	8	of	of	ADP
afbr-299	44	9	foreign	foreign	ADJ
afbr-299	44	10	exchange	exchange	NOUN
afbr-299	44	11	supply	supply	NOUN
afbr-299	44	12	with	with	ADP
afbr-299	44	13	fixed	fix	VERB
afbr-299	44	14	rate	rate	NOUN
afbr-299	44	15	regime	regime	NOUN
afbr-299	44	16	,	,	PUNCT
afbr-299	44	17	this	this	PRON
afbr-299	44	18	is	be	AUX
afbr-299	44	19	a	a	DET
afbr-299	44	20	natural	natural	ADJ
afbr-299	44	21	phenomenon	phenomenon	NOUN
afbr-299	44	22	,	,	PUNCT
afbr-299	44	23	and	and	CCONJ
afbr-299	44	24	the	the	DET
afbr-299	44	25	market	market	NOUN
afbr-299	44	26	mechanism	mechanism	NOUN
afbr-299	44	27	creates	create	VERB
afbr-299	44	28	it	it	PRON
afbr-299	44	29	automatically	automatically	ADV
afbr-299	44	30	.	.	PUNCT
afbr-299	45	1	the	the	DET
afbr-299	45	2	best	good	ADJ
afbr-299	45	3	method	method	NOUN
afbr-299	45	4	of	of	ADP
afbr-299	45	5	dealing	deal	VERB
afbr-299	45	6	with	with	ADP
afbr-299	45	7	this	this	DET
afbr-299	45	8	market	market	NOUN
afbr-299	45	9	is	be	AUX
afbr-299	45	10	accepting	accept	VERB
afbr-299	45	11	it	it	PRON
afbr-299	45	12	for	for	ADP
afbr-299	45	13	the	the	DET
afbr-299	45	14	first	first	ADJ
afbr-299	45	15	time	time	NOUN
afbr-299	45	16	.	.	PUNCT
afbr-299	46	1	this	this	PRON
afbr-299	46	2	means	mean	VERB
afbr-299	46	3	that	that	SCONJ
afbr-299	46	4	we	we	PRON
afbr-299	46	5	should	should	AUX
afbr-299	46	6	legally	legally	ADV
afbr-299	46	7	accept	accept	VERB
afbr-299	46	8	the	the	DET
afbr-299	46	9	transactions	transaction	NOUN
afbr-299	46	10	through	through	ADP
afbr-299	46	11	this	this	DET
afbr-299	46	12	market	market	NOUN
afbr-299	46	13	and	and	CCONJ
afbr-299	46	14	even	even	ADV
afbr-299	46	15	consider	consider	VERB
afbr-299	46	16	it	it	PRON
afbr-299	46	17	as	as	ADP
afbr-299	46	18	an	an	DET
afbr-299	46	19	economic	economic	ADJ
afbr-299	46	20	activity	activity	NOUN
afbr-299	46	21	and	and	CCONJ
afbr-299	46	22	prevent	prevent	VERB
afbr-299	46	23	any	any	DET
afbr-299	46	24	noise	noise	NOUN
afbr-299	46	25	from	from	ADP
afbr-299	46	26	it	it	PRON
afbr-299	46	27	and	and	CCONJ
afbr-299	46	28	in	in	ADP
afbr-299	46	29	the	the	DET
afbr-299	46	30	next	next	ADJ
afbr-299	46	31	phase	phase	NOUN
afbr-299	46	32	automatically	automatically	ADV
afbr-299	46	33	try	try	VERB
afbr-299	46	34	to	to	PART
afbr-299	46	35	marginalize	marginalize	VERB
afbr-299	46	36	it	it	PRON
afbr-299	46	37	by	by	ADP
afbr-299	46	38	applying	apply	VERB
afbr-299	46	39	policies	policy	NOUN
afbr-299	46	40	and	and	CCONJ
afbr-299	46	41	adopting	adopt	VERB
afbr-299	46	42	reforms	reform	NOUN
afbr-299	46	43	in	in	ADP
afbr-299	46	44	foreign	foreign	ADJ
afbr-299	46	45	exchange	exchange	NOUN
afbr-299	46	46	management	management	NOUN
afbr-299	46	47	.	.	PUNCT
afbr-299	47	1	if	if	SCONJ
afbr-299	47	2	the	the	DET
afbr-299	47	3	foreign	foreign	ADJ
afbr-299	47	4	exchange	exchange	NOUN
afbr-299	47	5	system	system	NOUN
afbr-299	47	6	tends	tend	VERB
afbr-299	47	7	to	to	PART
afbr-299	47	8	unify	unify	VERB
afbr-299	47	9	,	,	PUNCT
afbr-299	47	10	the	the	DET
afbr-299	47	11	management	management	NOUN
afbr-299	47	12	of	of	ADP
afbr-299	47	13	the	the	DET
afbr-299	47	14	system	system	NOUN
afbr-299	47	15	becomes	become	VERB
afbr-299	47	16	transparent	transparent	ADJ
afbr-299	47	17	.	.	PUNCT
afbr-299	48	1	in	in	ADP
afbr-299	48	2	other	other	ADJ
afbr-299	48	3	words	word	NOUN
afbr-299	48	4	,	,	PUNCT
afbr-299	48	5	all	all	DET
afbr-299	48	6	transactions	transaction	NOUN
afbr-299	48	7	of	of	ADP
afbr-299	48	8	goods	good	NOUN
afbr-299	48	9	and	and	CCONJ
afbr-299	48	10	services	service	NOUN
afbr-299	48	11	should	should	AUX
afbr-299	48	12	be	be	AUX
afbr-299	48	13	done	do	VERB
afbr-299	48	14	in	in	ADP
afbr-299	48	15	single	single	ADJ
afbr-299	48	16	rates	rate	NOUN
afbr-299	48	17	,	,	PUNCT
afbr-299	48	18	and	and	CCONJ
afbr-299	48	19	the	the	DET
afbr-299	48	20	rate	rate	NOUN
afbr-299	48	21	of	of	ADP
afbr-299	48	22	the	the	DET
afbr-299	48	23	parallel	parallel	ADJ
afbr-299	48	24	market	market	NOUN
afbr-299	48	25	will	will	AUX
afbr-299	48	26	,	,	PUNCT
afbr-299	48	27	at	at	ADP
afbr-299	48	28	last	last	ADV
afbr-299	48	29	,	,	PUNCT
afbr-299	48	30	be	be	AUX
afbr-299	48	31	within	within	ADP
afbr-299	48	32	the	the	DET
afbr-299	48	33	margins	margin	NOUN
afbr-299	48	34	of	of	ADP
afbr-299	48	35	official	official	ADJ
afbr-299	48	36	rate	rate	NOUN
afbr-299	48	37	fluctuations	fluctuation	NOUN
afbr-299	48	38	.	.	PUNCT
afbr-299	49	1	since	since	SCONJ
afbr-299	49	2	the	the	DET
afbr-299	49	3	prices	price	NOUN
afbr-299	49	4	of	of	ADP
afbr-299	49	5	many	many	ADJ
afbr-299	49	6	items	item	NOUN
afbr-299	49	7	of	of	ADP
afbr-299	49	8	goods	good	NOUN
afbr-299	49	9	and	and	CCONJ
afbr-299	49	10	services	service	NOUN
afbr-299	49	11	are	be	AUX
afbr-299	49	12	affected	affect	VERB
afbr-299	49	13	by	by	ADP
afbr-299	49	14	the	the	DET
afbr-299	49	15	foreign	foreign	ADJ
afbr-299	49	16	exchange	exchange	NOUN
afbr-299	49	17	rate	rate	NOUN
afbr-299	49	18	in	in	ADP
afbr-299	49	19	the	the	DET
afbr-299	49	20	parallel	parallel	ADJ
afbr-299	49	21	market	market	NOUN
afbr-299	49	22	and	and	CCONJ
afbr-299	49	23	its	its	PRON
afbr-299	49	24	fluctuations	fluctuation	NOUN
afbr-299	49	25	will	will	AUX
afbr-299	49	26	cause	cause	VERB
afbr-299	49	27	the	the	DET
afbr-299	49	28	fluctuation	fluctuation	NOUN
afbr-299	49	29	of	of	ADP
afbr-299	49	30	the	the	DET
afbr-299	49	31	prices	price	NOUN
afbr-299	49	32	of	of	ADP
afbr-299	49	33	goods	good	NOUN
afbr-299	49	34	and	and	CCONJ
afbr-299	49	35	services	service	NOUN
afbr-299	49	36	,	,	PUNCT
afbr-299	49	37	the	the	DET
afbr-299	49	38	stabilization	stabilization	NOUN
afbr-299	49	39	of	of	ADP
afbr-299	49	40	the	the	DET
afbr-299	49	41	foreign	foreign	ADJ
afbr-299	49	42	exchange	exchange	NOUN
afbr-299	49	43	rate	rate	NOUN
afbr-299	49	44	in	in	ADP
afbr-299	49	45	the	the	DET
afbr-299	49	46	parallel	parallel	ADJ
afbr-299	49	47	market	market	NOUN
afbr-299	49	48	will	will	AUX
afbr-299	49	49	cause	cause	VERB
afbr-299	49	50	partial	partial	ADJ
afbr-299	49	51	stabilization	stabilization	NOUN
afbr-299	49	52	in	in	ADP
afbr-299	49	53	goods	good	NOUN
afbr-299	49	54	and	and	CCONJ
afbr-299	49	55	services	service	NOUN
afbr-299	49	56	market	market	NOUN
afbr-299	49	57	.	.	PUNCT
afbr-299	50	1	the	the	DET
afbr-299	50	2	injections	injection	NOUN
afbr-299	50	3	of	of	ADP
afbr-299	50	4	foreign	foreign	ADJ
afbr-299	50	5	exchange	exchange	NOUN
afbr-299	50	6	into	into	ADP
afbr-299	50	7	the	the	DET
afbr-299	50	8	parallel	parallel	ADJ
afbr-299	50	9	market	market	NOUN
afbr-299	50	10	for	for	ADP
afbr-299	50	11	stabilization	stabilization	NOUN
afbr-299	50	12	will	will	AUX
afbr-299	50	13	spillover	spillover	VERB
afbr-299	50	14	into	into	ADP
afbr-299	50	15	other	other	ADJ
afbr-299	50	16	markets	market	NOUN
afbr-299	50	17	.	.	PUNCT
afbr-299	51	1	after	after	ADP
afbr-299	51	2	the	the	DET
afbr-299	51	3	revolution	revolution	NOUN
afbr-299	51	4	in	in	ADP
afbr-299	51	5	iran	iran	PROPN
afbr-299	51	6	,	,	PUNCT
afbr-299	51	7	the	the	DET
afbr-299	51	8	volume	volume	NOUN
afbr-299	51	9	of	of	ADP
afbr-299	51	10	money	money	NOUN
afbr-299	51	11	in	in	ADP
afbr-299	51	12	circulation	circulation	NOUN
afbr-299	51	13	has	have	AUX
afbr-299	51	14	had	have	VERB
afbr-299	51	15	an	an	DET
afbr-299	51	16	increasing	increase	VERB
afbr-299	51	17	trend	trend	NOUN
afbr-299	51	18	.	.	PUNCT
afbr-299	52	1	economic	economic	ADJ
afbr-299	52	2	theories	theory	NOUN
afbr-299	52	3	demonstrate	demonstrate	VERB
afbr-299	52	4	that	that	SCONJ
afbr-299	52	5	this	this	DET
afbr-299	52	6	increase	increase	NOUN
afbr-299	52	7	will	will	AUX
afbr-299	52	8	lead	lead	VERB
afbr-299	52	9	to	to	ADP
afbr-299	52	10	depreciation	depreciation	NOUN
afbr-299	52	11	of	of	ADP
afbr-299	52	12	money	money	NOUN
afbr-299	52	13	,	,	PUNCT
afbr-299	52	14	in	in	ADP
afbr-299	52	15	other	other	ADJ
afbr-299	52	16	words	word	NOUN
afbr-299	52	17	,	,	PUNCT
afbr-299	52	18	when	when	SCONJ
afbr-299	52	19	the	the	DET
afbr-299	52	20	volume	volume	NOUN
afbr-299	52	21	of	of	ADP
afbr-299	52	22	rial	rial	NOUN
afbr-299	52	23	is	be	AUX
afbr-299	52	24	increased	increase	VERB
afbr-299	52	25	,	,	PUNCT
afbr-299	52	26	we	we	PRON
afbr-299	52	27	should	should	AUX
afbr-299	52	28	expect	expect	VERB
afbr-299	52	29	that	that	SCONJ
afbr-299	52	30	the	the	DET
afbr-299	52	31	value	value	NOUN
afbr-299	52	32	of	of	ADP
afbr-299	52	33	rial	rial	NOUN
afbr-299	52	34	is	be	AUX
afbr-299	52	35	to	to	PART
afbr-299	52	36	be	be	AUX
afbr-299	52	37	reduced	reduce	VERB
afbr-299	52	38	against	against	ADP
afbr-299	52	39	foreign	foreign	ADJ
afbr-299	52	40	currencies	currency	NOUN
afbr-299	52	41	,	,	PUNCT
afbr-299	52	42	or	or	CCONJ
afbr-299	52	43	its	its	PRON
afbr-299	52	44	parity	parity	NOUN
afbr-299	52	45	rate	rate	NOUN
afbr-299	52	46	decreases	decrease	VERB
afbr-299	52	47	.	.	PUNCT
afbr-299	53	1	we	we	PRON
afbr-299	53	2	have	have	AUX
afbr-299	53	3	practically	practically	ADV
afbr-299	53	4	seen	see	VERB
afbr-299	53	5	this	this	DET
afbr-299	53	6	event	event	NOUN
afbr-299	53	7	in	in	ADP
afbr-299	53	8	the	the	DET
afbr-299	53	9	past	past	ADJ
afbr-299	53	10	few	few	ADJ
afbr-299	53	11	decades	decade	NOUN
afbr-299	53	12	.	.	PUNCT
afbr-299	54	1	the	the	DET
afbr-299	54	2	increase	increase	NOUN
afbr-299	54	3	of	of	ADP
afbr-299	54	4	the	the	DET
afbr-299	54	5	volume	volume	NOUN
afbr-299	54	6	of	of	ADP
afbr-299	54	7	rial	rial	NOUN
afbr-299	54	8	from	from	ADP
afbr-299	54	9	2613	2613	NUM
afbr-299	54	10	billion	billion	NUM
afbr-299	54	11	in	in	ADP
afbr-299	54	12	1996	1996	NUM
afbr-299	54	13	to	to	ADP
afbr-299	54	14	320957	320957	NUM
afbr-299	54	15	billion	billion	NUM
afbr-299	54	16	rials	rial	NOUN
afbr-299	54	17	at	at	ADP
afbr-299	54	18	the	the	DET
afbr-299	54	19	end	end	NOUN
afbr-299	54	20	of	of	ADP
afbr-299	54	21	2001	2001	NUM
afbr-299	54	22	can	can	AUX
afbr-299	54	23	be	be	AUX
afbr-299	54	24	the	the	DET
afbr-299	54	25	main	main	ADJ
afbr-299	54	26	cause	cause	NOUN
afbr-299	54	27	of	of	ADP
afbr-299	54	28	the	the	DET
afbr-299	54	29	increase	increase	NOUN
afbr-299	54	30	of	of	ADP
afbr-299	54	31	parity	parity	NOUN
afbr-299	54	32	rate	rate	NOUN
afbr-299	54	33	of	of	ADP
afbr-299	54	34	american	american	ADJ
afbr-299	54	35	dollar	dollar	NOUN
afbr-299	54	36	from	from	ADP
afbr-299	54	37	70	70	NUM
afbr-299	54	38	rials	rial	NOUN
afbr-299	54	39	to	to	ADP
afbr-299	54	40	8000	8000	NUM
afbr-299	54	41	rials	rial	NOUN
afbr-299	54	42	.	.	PUNCT
afbr-299	55	1	econometric	econometric	ADJ
afbr-299	55	2	researches	research	NOUN
afbr-299	55	3	also	also	ADV
afbr-299	55	4	confirm	confirm	VERB
afbr-299	55	5	this	this	DET
afbr-299	55	6	finding	finding	NOUN
afbr-299	55	7	.	.	PUNCT
afbr-299	56	1	the	the	DET
afbr-299	56	2	policy	policy	NOUN
afbr-299	56	3	of	of	ADP
afbr-299	56	4	selling	sell	VERB
afbr-299	56	5	foreign	foreign	ADJ
afbr-299	56	6	exchange	exchange	NOUN
afbr-299	56	7	in	in	ADP
afbr-299	56	8	the	the	DET
afbr-299	56	9	parallel	parallel	ADJ
afbr-299	56	10	market	market	NOUN
afbr-299	56	11	not	not	PART
afbr-299	56	12	only	only	ADV
afbr-299	56	13	increases	increase	VERB
afbr-299	56	14	the	the	DET
afbr-299	56	15	supply	supply	NOUN
afbr-299	56	16	of	of	ADP
afbr-299	56	17	foreign	foreign	ADJ
afbr-299	56	18	exchange	exchange	NOUN
afbr-299	56	19	,	,	PUNCT
afbr-299	56	20	but	but	CCONJ
afbr-299	56	21	also	also	ADV
afbr-299	56	22	decreases	decrease	VERB
afbr-299	56	23	the	the	DET
afbr-299	56	24	amount	amount	NOUN
afbr-299	56	25	rial	rial	NOUN
afbr-299	56	26	in	in	ADP
afbr-299	56	27	the	the	DET
afbr-299	56	28	market	market	NOUN
afbr-299	56	29	,	,	PUNCT
afbr-299	56	30	both	both	PRON
afbr-299	56	31	of	of	ADP
afbr-299	56	32	which	which	PRON
afbr-299	56	33	will	will	AUX
afbr-299	56	34	strengthen	strengthen	VERB
afbr-299	56	35	the	the	DET
afbr-299	56	36	national	national	ADJ
afbr-299	56	37	currency	currency	NOUN
afbr-299	56	38	.	.	PUNCT
afbr-299	57	1	most	most	ADJ
afbr-299	57	2	of	of	ADP
afbr-299	57	3	the	the	DET
afbr-299	57	4	increases	increase	NOUN
afbr-299	57	5	of	of	ADP
afbr-299	57	6	the	the	DET
afbr-299	57	7	amount	amount	NOUN
afbr-299	57	8	of	of	ADP
afbr-299	57	9	liquidity	liquidity	NOUN
afbr-299	57	10	after	after	SCONJ
afbr-299	57	11	the	the	DET
afbr-299	57	12	revolution	revolution	NOUN
afbr-299	57	13	have	have	AUX
afbr-299	57	14	been	be	AUX
afbr-299	57	15	the	the	DET
afbr-299	57	16	result	result	NOUN
afbr-299	57	17	of	of	ADP
afbr-299	57	18	the	the	DET
afbr-299	57	19	expansion	expansion	NOUN
afbr-299	57	20	of	of	ADP
afbr-299	57	21	monetary	monetary	ADJ
afbr-299	57	22	base	base	NOUN
afbr-299	57	23	through	through	ADP
afbr-299	57	24	the	the	DET
afbr-299	57	25	increases	increase	NOUN
afbr-299	57	26	of	of	ADP
afbr-299	57	27	government	government	NOUN
afbr-299	57	28	sector	sector	NOUN
afbr-299	57	29	debts	debt	NOUN
afbr-299	57	30	to	to	ADP
afbr-299	57	31	the	the	DET
afbr-299	57	32	banking	banking	NOUN
afbr-299	57	33	system	system	NOUN
afbr-299	57	34	.	.	PUNCT
afbr-299	58	1	the	the	DET
afbr-299	58	2	details	detail	NOUN
afbr-299	58	3	of	of	ADP
afbr-299	58	4	this	this	DET
afbr-299	58	5	phenomenon	phenomenon	NOUN
afbr-299	58	6	have	have	AUX
afbr-299	58	7	been	be	AUX
afbr-299	58	8	described	describe	VERB
afbr-299	58	9	in	in	ADP
afbr-299	58	10	several	several	ADJ
afbr-299	58	11	pieces	piece	NOUN
afbr-299	58	12	of	of	ADP
afbr-299	58	13	research	research	NOUN
afbr-299	58	14	,	,	PUNCT
afbr-299	58	15	but	but	CCONJ
afbr-299	58	16	here	here	ADV
afbr-299	58	17	we	we	PRON
afbr-299	58	18	consider	consider	VERB
afbr-299	58	19	that	that	SCONJ
afbr-299	58	20	the	the	DET
afbr-299	58	21	mentioned	mention	VERB
afbr-299	58	22	results	result	NOUN
afbr-299	58	23	are	be	AUX
afbr-299	58	24	sufficient	sufficient	ADJ
afbr-299	58	25	to	to	PART
afbr-299	58	26	be	be	AUX
afbr-299	58	27	used	use	VERB
afbr-299	58	28	and	and	CCONJ
afbr-299	58	29	not	not	PART
afbr-299	58	30	to	to	PART
afbr-299	58	31	be	be	AUX
afbr-299	58	32	retested	reteste	VERB
afbr-299	58	33	.	.	PUNCT
afbr-299	59	1	the	the	DET
afbr-299	59	2	increase	increase	NOUN
afbr-299	59	3	of	of	ADP
afbr-299	59	4	the	the	DET
afbr-299	59	5	government	government	NOUN
afbr-299	59	6	sector	sector	NOUN
afbr-299	59	7	’s	’s	PART
afbr-299	59	8	debt	debt	NOUN
afbr-299	59	9	to	to	ADP
afbr-299	59	10	the	the	DET
afbr-299	59	11	banking	banking	NOUN
afbr-299	59	12	system	system	NOUN
afbr-299	59	13	has	have	AUX
afbr-299	59	14	been	be	AUX
afbr-299	59	15	created	create	VERB
afbr-299	59	16	through	through	ADP
afbr-299	59	17	financing	finance	VERB
afbr-299	59	18	budget	budget	NOUN
afbr-299	59	19	deficit	deficit	NOUN
afbr-299	59	20	by	by	ADP
afbr-299	59	21	borrowing	borrow	VERB
afbr-299	59	22	from	from	ADP
afbr-299	59	23	the	the	DET
afbr-299	59	24	banking	banking	NOUN
afbr-299	59	25	system	system	NOUN
afbr-299	59	26	,	,	PUNCT
afbr-299	59	27	which	which	PRON
afbr-299	59	28	is	be	AUX
afbr-299	59	29	similar	similar	ADJ
afbr-299	59	30	to	to	ADP
afbr-299	59	31	seignorage	seignorage	NOUN
afbr-299	59	32	of	of	ADP
afbr-299	59	33	extra	extra	ADJ
afbr-299	59	34	money	money	NOUN
afbr-299	59	35	by	by	ADP
afbr-299	59	36	expanding	expand	VERB
afbr-299	59	37	the	the	DET
afbr-299	59	38	monetary	monetary	ADJ
afbr-299	59	39	base	base	NOUN
afbr-299	59	40	.	.	PUNCT
afbr-299	60	1	the	the	DET
afbr-299	60	2	policy	policy	NOUN
afbr-299	60	3	of	of	ADP
afbr-299	60	4	selling	sell	VERB
afbr-299	60	5	foreign	foreign	ADJ
afbr-299	60	6	exchange	exchange	NOUN
afbr-299	60	7	in	in	ADP
afbr-299	60	8	the	the	DET
afbr-299	60	9	parallel	parallel	ADJ
afbr-299	60	10	market	market	NOUN
afbr-299	60	11	can	can	AUX
afbr-299	60	12	be	be	AUX
afbr-299	60	13	regarded	regard	VERB
afbr-299	60	14	as	as	ADP
afbr-299	60	15	a	a	DET
afbr-299	60	16	method	method	NOUN
afbr-299	60	17	for	for	ADP
afbr-299	60	18	partially	partially	ADV
afbr-299	60	19	financing	finance	VERB
afbr-299	60	20	the	the	DET
afbr-299	60	21	budget	budget	NOUN
afbr-299	60	22	deficit	deficit	NOUN
afbr-299	60	23	.	.	PUNCT
afbr-299	61	1	in	in	ADP
afbr-299	61	2	this	this	DET
afbr-299	61	3	way	way	NOUN
afbr-299	61	4	,	,	PUNCT
afbr-299	61	5	the	the	DET
afbr-299	61	6	government	government	NOUN
afbr-299	61	7	can	can	AUX
afbr-299	61	8	finance	finance	VERB
afbr-299	61	9	the	the	DET
afbr-299	61	10	budget	budget	NOUN
afbr-299	61	11	deficit	deficit	NOUN
afbr-299	61	12	by	by	ADP
afbr-299	61	13	selling	sell	VERB
afbr-299	61	14	foreign	foreign	ADJ
afbr-299	61	15	exchange	exchange	NOUN
afbr-299	61	16	in	in	ADP
afbr-299	61	17	the	the	DET
afbr-299	61	18	parallel	parallel	ADJ
afbr-299	61	19	market	market	NOUN
afbr-299	61	20	at	at	ADP
afbr-299	61	21	unofficial	unofficial	ADJ
afbr-299	61	22	prices	price	NOUN
afbr-299	61	23	without	without	ADP
afbr-299	61	24	obligation	obligation	NOUN
afbr-299	61	25	of	of	ADP
afbr-299	61	26	borrowing	borrowing	NOUN
afbr-299	61	27	from	from	ADP
afbr-299	61	28	the	the	DET
afbr-299	61	29	banking	banking	NOUN
afbr-299	61	30	system	system	NOUN
afbr-299	61	31	.	.	PUNCT
afbr-299	62	1	in	in	ADP
afbr-299	62	2	other	other	ADJ
afbr-299	62	3	words	word	NOUN
afbr-299	62	4	,	,	PUNCT
afbr-299	62	5	without	without	ADP
afbr-299	62	6	increasing	increase	VERB
afbr-299	62	7	the	the	DET
afbr-299	62	8	liquidity	liquidity	NOUN
afbr-299	62	9	(	(	PUNCT
afbr-299	62	10	in	in	ADP
afbr-299	62	11	spite	spite	NOUN
afbr-299	62	12	of	of	ADP
afbr-299	62	13	borrowing	borrowing	NOUN
afbr-299	62	14	from	from	ADP
afbr-299	62	15	the	the	DET
afbr-299	62	16	banking	banking	NOUN
afbr-299	62	17	system	system	NOUN
afbr-299	62	18	)	)	PUNCT
afbr-299	62	19	,	,	PUNCT
afbr-299	62	20	this	this	DET
afbr-299	62	21	policy	policy	NOUN
afbr-299	62	22	can	can	AUX
afbr-299	62	23	finance	finance	VERB
afbr-299	62	24	the	the	DET
afbr-299	62	25	budget	budget	NOUN
afbr-299	62	26	deficit	deficit	NOUN
afbr-299	62	27	.	.	PUNCT
afbr-299	63	1	price	price	NOUN
afbr-299	63	2	increase	increase	NOUN
afbr-299	63	3	and	and	CCONJ
afbr-299	63	4	inflation	inflation	NOUN
afbr-299	63	5	in	in	ADP
afbr-299	63	6	iran	iran	PROPN
afbr-299	63	7	has	have	VERB
afbr-299	63	8	a	a	DET
afbr-299	63	9	monetary	monetary	ADJ
afbr-299	63	10	source	source	NOUN
afbr-299	63	11	.	.	PUNCT
afbr-299	64	1	many	many	ADJ
afbr-299	64	2	studies	study	NOUN
afbr-299	64	3	confirm	confirm	VERB
afbr-299	64	4	this	this	DET
afbr-299	64	5	hypothesis	hypothesis	NOUN
afbr-299	64	6	.	.	PUNCT
afbr-299	65	1	the	the	DET
afbr-299	65	2	increase	increase	NOUN
afbr-299	65	3	in	in	ADP
afbr-299	65	4	money	money	NOUN
afbr-299	65	5	supply	supply	NOUN
afbr-299	65	6	causes	cause	VERB
afbr-299	65	7	an	an	DET
afbr-299	65	8	increase	increase	NOUN
afbr-299	65	9	in	in	ADP
afbr-299	65	10	general	general	ADJ
afbr-299	65	11	price	price	NOUN
afbr-299	65	12	level	level	NOUN
afbr-299	65	13	instead	instead	ADV
afbr-299	65	14	of	of	ADP
afbr-299	65	15	increasing	increase	VERB
afbr-299	65	16	the	the	DET
afbr-299	65	17	supply	supply	NOUN
afbr-299	65	18	of	of	ADP
afbr-299	65	19	goods	good	NOUN
afbr-299	65	20	and	and	CCONJ
afbr-299	65	21	services	service	NOUN
afbr-299	65	22	in	in	ADP
afbr-299	65	23	the	the	DET
afbr-299	65	24	http://www.cribfb.com/journal/index.php/afbr	http://www.cribfb.com/journal/index.php/afbr	NOUN
afbr-299	65	25	copyright	copyright	NOUN
afbr-299	66	1	©	©	PROPN
afbr-299	66	2	cc	cc	PROPN
afbr-299	66	3	-	-	PUNCT
afbr-299	66	4	by	by	ADP
afbr-299	66	5	-	-	PUNCT
afbr-299	66	6	nc	nc	PROPN
afbr-299	66	7	2019	2019	NUM
afbr-299	66	8	,	,	PUNCT
afbr-299	66	9	cribfb	cribfb	PROPN
afbr-299	66	10	|	|	ADV
afbr-299	66	11	afbr	afbr	PROPN
afbr-299	66	12	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADJ
afbr-299	66	13	australian	australian	ADJ
afbr-299	66	14	finance	finance	PROPN
afbr-299	66	15	&	&	CCONJ
afbr-299	66	16	banking	banking	PROPN
afbr-299	66	17	review	review	PROPN
afbr-299	66	18	vol	vol	NOUN
afbr-299	66	19	.	.	PROPN
afbr-299	67	1	3	3	NUM
afbr-299	67	2	,	,	PUNCT
afbr-299	67	3	no	no	INTJ
afbr-299	67	4	.	.	NOUN
afbr-299	67	5	1	1	NUM
afbr-299	67	6	;	;	PUNCT
afbr-299	67	7	2019	2019	NUM
afbr-299	67	8	22	22	NUM
afbr-299	67	9	economy	economy	NOUN
afbr-299	67	10	.	.	PUNCT
afbr-299	68	1	regarding	regard	VERB
afbr-299	68	2	this	this	DET
afbr-299	68	3	concept	concept	NOUN
afbr-299	68	4	,	,	PUNCT
afbr-299	68	5	it	it	PRON
afbr-299	68	6	could	could	AUX
afbr-299	68	7	be	be	AUX
afbr-299	68	8	said	say	VERB
afbr-299	68	9	that	that	SCONJ
afbr-299	68	10	the	the	DET
afbr-299	68	11	policy	policy	NOUN
afbr-299	68	12	of	of	ADP
afbr-299	68	13	selling	sell	VERB
afbr-299	68	14	foreign	foreign	ADJ
afbr-299	68	15	exchange	exchange	NOUN
afbr-299	68	16	in	in	ADP
afbr-299	68	17	the	the	DET
afbr-299	68	18	parallel	parallel	ADJ
afbr-299	68	19	market	market	NOUN
afbr-299	68	20	will	will	AUX
afbr-299	68	21	decrease	decrease	VERB
afbr-299	68	22	the	the	DET
afbr-299	68	23	price	price	NOUN
afbr-299	68	24	level	level	NOUN
afbr-299	68	25	through	through	ADP
afbr-299	68	26	the	the	DET
afbr-299	68	27	decreasing	decrease	VERB
afbr-299	68	28	foreign	foreign	ADJ
afbr-299	68	29	exchange	exchange	NOUN
afbr-299	68	30	rate	rate	NOUN
afbr-299	68	31	which	which	PRON
afbr-299	68	32	causes	cause	VERB
afbr-299	68	33	to	to	PART
afbr-299	68	34	decrease	decrease	VERB
afbr-299	68	35	the	the	DET
afbr-299	68	36	price	price	NOUN
afbr-299	68	37	of	of	ADP
afbr-299	68	38	imported	import	VERB
afbr-299	68	39	commodities	commodity	NOUN
afbr-299	68	40	which	which	PRON
afbr-299	68	41	use	use	VERB
afbr-299	68	42	foreign	foreign	ADJ
afbr-299	68	43	exchange	exchange	NOUN
afbr-299	68	44	from	from	ADP
afbr-299	68	45	the	the	DET
afbr-299	68	46	parallel	parallel	ADJ
afbr-299	68	47	market	market	NOUN
afbr-299	68	48	sources	source	NOUN
afbr-299	68	49	,	,	PUNCT
afbr-299	68	50	and	and	CCONJ
afbr-299	68	51	also	also	ADV
afbr-299	68	52	through	through	ADP
afbr-299	68	53	decrease	decrease	NOUN
afbr-299	68	54	of	of	ADP
afbr-299	68	55	liquidity	liquidity	NOUN
afbr-299	68	56	which	which	PRON
afbr-299	68	57	has	have	VERB
afbr-299	68	58	a	a	DET
afbr-299	68	59	deflationary	deflationary	ADJ
afbr-299	68	60	effect	effect	NOUN
afbr-299	68	61	.	.	PUNCT
afbr-299	69	1	after	after	ADP
afbr-299	69	2	the	the	DET
afbr-299	69	3	approval	approval	NOUN
afbr-299	69	4	of	of	ADP
afbr-299	69	5	the	the	DET
afbr-299	69	6	usury	usury	NOUN
afbr-299	69	7	-	-	PUNCT
afbr-299	69	8	free	free	ADJ
afbr-299	69	9	banking	banking	NOUN
afbr-299	69	10	law	law	NOUN
afbr-299	69	11	,	,	PUNCT
afbr-299	69	12	since	since	SCONJ
afbr-299	69	13	bond	bond	NOUN
afbr-299	69	14	has	have	VERB
afbr-299	69	15	usury	usury	NOUN
afbr-299	69	16	nature	nature	NOUN
afbr-299	69	17	,	,	PUNCT
afbr-299	69	18	it	it	PRON
afbr-299	69	19	can	can	AUX
afbr-299	69	20	not	not	PART
afbr-299	69	21	be	be	AUX
afbr-299	69	22	applied	apply	VERB
afbr-299	69	23	as	as	ADP
afbr-299	69	24	a	a	DET
afbr-299	69	25	policy	policy	NOUN
afbr-299	69	26	tool	tool	NOUN
afbr-299	69	27	for	for	ADP
afbr-299	69	28	changing	change	VERB
afbr-299	69	29	the	the	DET
afbr-299	69	30	amount	amount	NOUN
afbr-299	69	31	of	of	ADP
afbr-299	69	32	money	money	NOUN
afbr-299	69	33	in	in	ADP
afbr-299	69	34	circulation	circulation	NOUN
afbr-299	69	35	.	.	PUNCT
afbr-299	70	1	in	in	ADP
afbr-299	70	2	the	the	DET
afbr-299	70	3	western	western	ADJ
afbr-299	70	4	economies	economy	NOUN
afbr-299	70	5	,	,	PUNCT
afbr-299	70	6	central	central	ADJ
afbr-299	70	7	banks	bank	NOUN
afbr-299	70	8	conduct	conduct	VERB
afbr-299	70	9	open	open	ADJ
afbr-299	70	10	market	market	NOUN
afbr-299	70	11	operations	operation	NOUN
afbr-299	70	12	by	by	ADP
afbr-299	70	13	buying	buy	VERB
afbr-299	70	14	and	and	CCONJ
afbr-299	70	15	selling	sell	VERB
afbr-299	70	16	bonds	bond	NOUN
afbr-299	70	17	,	,	PUNCT
afbr-299	70	18	and	and	CCONJ
afbr-299	70	19	decrease	decrease	VERB
afbr-299	70	20	or	or	CCONJ
afbr-299	70	21	increase	increase	VERB
afbr-299	70	22	the	the	DET
afbr-299	70	23	amount	amount	NOUN
afbr-299	70	24	of	of	ADP
afbr-299	70	25	money	money	NOUN
afbr-299	70	26	in	in	ADP
afbr-299	70	27	circulation	circulation	NOUN
afbr-299	70	28	and	and	CCONJ
afbr-299	70	29	thereby	thereby	ADV
afbr-299	70	30	,	,	PUNCT
afbr-299	70	31	affect	affect	VERB
afbr-299	70	32	the	the	DET
afbr-299	70	33	interest	interest	NOUN
afbr-299	70	34	rates	rate	NOUN
afbr-299	70	35	and	and	CCONJ
afbr-299	70	36	investment	investment	NOUN
afbr-299	70	37	thereafter	thereafter	ADV
afbr-299	70	38	.	.	PUNCT
afbr-299	71	1	but	but	CCONJ
afbr-299	71	2	as	as	SCONJ
afbr-299	71	3	it	it	PRON
afbr-299	71	4	was	be	AUX
afbr-299	71	5	mentioned	mention	VERB
afbr-299	71	6	earlier	early	ADV
afbr-299	71	7	,	,	PUNCT
afbr-299	71	8	since	since	SCONJ
afbr-299	71	9	it	it	PRON
afbr-299	71	10	is	be	AUX
afbr-299	71	11	not	not	PART
afbr-299	71	12	possible	possible	ADJ
afbr-299	71	13	to	to	PART
afbr-299	71	14	use	use	VERB
afbr-299	71	15	bonds	bond	NOUN
afbr-299	71	16	,	,	PUNCT
afbr-299	71	17	it	it	PRON
afbr-299	71	18	is	be	AUX
afbr-299	71	19	not	not	PART
afbr-299	71	20	possible	possible	ADJ
afbr-299	71	21	to	to	PART
afbr-299	71	22	conduct	conduct	VERB
afbr-299	71	23	open	open	ADJ
afbr-299	71	24	market	market	NOUN
afbr-299	71	25	operations	operation	NOUN
afbr-299	71	26	.	.	PUNCT
afbr-299	72	1	the	the	DET
afbr-299	72	2	government	government	NOUN
afbr-299	72	3	interference	interference	NOUN
afbr-299	72	4	in	in	ADP
afbr-299	72	5	the	the	DET
afbr-299	72	6	parallel	parallel	ADJ
afbr-299	72	7	exchange	exchange	NOUN
afbr-299	72	8	market	market	NOUN
afbr-299	72	9	affects	affect	VERB
afbr-299	72	10	liquidity	liquidity	NOUN
afbr-299	72	11	,	,	PUNCT
afbr-299	72	12	and	and	CCONJ
afbr-299	72	13	if	if	SCONJ
afbr-299	72	14	the	the	DET
afbr-299	72	15	government	government	NOUN
afbr-299	72	16	buys	buy	VERB
afbr-299	72	17	,	,	PUNCT
afbr-299	72	18	as	as	ADV
afbr-299	72	19	well	well	ADV
afbr-299	72	20	as	as	ADP
afbr-299	72	21	selling	sell	VERB
afbr-299	72	22	foreign	foreign	ADJ
afbr-299	72	23	exchange	exchange	NOUN
afbr-299	72	24	in	in	ADP
afbr-299	72	25	this	this	DET
afbr-299	72	26	market	market	NOUN
afbr-299	72	27	,	,	PUNCT
afbr-299	72	28	these	these	DET
afbr-299	72	29	activities	activity	NOUN
afbr-299	72	30	will	will	AUX
afbr-299	72	31	be	be	AUX
afbr-299	72	32	more	more	ADV
afbr-299	72	33	similar	similar	ADJ
afbr-299	72	34	with	with	ADP
afbr-299	72	35	open	open	ADJ
afbr-299	72	36	market	market	NOUN
afbr-299	72	37	operations	operation	NOUN
afbr-299	72	38	,	,	PUNCT
afbr-299	72	39	and	and	CCONJ
afbr-299	72	40	therefore	therefore	ADV
afbr-299	72	41	,	,	PUNCT
afbr-299	72	42	it	it	PRON
afbr-299	72	43	is	be	AUX
afbr-299	72	44	possible	possible	ADJ
afbr-299	72	45	to	to	PART
afbr-299	72	46	affect	affect	VERB
afbr-299	72	47	interest	interest	NOUN
afbr-299	72	48	rate	rate	NOUN
afbr-299	72	49	in	in	ADP
afbr-299	72	50	the	the	DET
afbr-299	72	51	parallel	parallel	ADJ
afbr-299	72	52	market	market	NOUN
afbr-299	72	53	by	by	ADP
afbr-299	72	54	applying	apply	VERB
afbr-299	72	55	this	this	DET
afbr-299	72	56	policy	policy	NOUN
afbr-299	72	57	.	.	PUNCT
afbr-299	73	1	of	of	ADP
afbr-299	73	2	course	course	NOUN
afbr-299	73	3	,	,	PUNCT
afbr-299	73	4	this	this	DET
afbr-299	73	5	kind	kind	NOUN
afbr-299	73	6	of	of	ADP
afbr-299	73	7	operation	operation	NOUN
afbr-299	73	8	is	be	AUX
afbr-299	73	9	not	not	PART
afbr-299	73	10	completely	completely	ADV
afbr-299	73	11	in	in	ADP
afbr-299	73	12	accordance	accordance	NOUN
afbr-299	73	13	with	with	ADP
afbr-299	73	14	open	open	ADJ
afbr-299	73	15	market	market	NOUN
afbr-299	73	16	operation	operation	NOUN
afbr-299	73	17	,	,	PUNCT
afbr-299	73	18	but	but	CCONJ
afbr-299	73	19	when	when	SCONJ
afbr-299	73	20	other	other	ADJ
afbr-299	73	21	monetary	monetary	ADJ
afbr-299	73	22	instruments	instrument	NOUN
afbr-299	73	23	are	be	AUX
afbr-299	73	24	not	not	PART
afbr-299	73	25	efficient	efficient	ADJ
afbr-299	73	26	enough	enough	ADV
afbr-299	73	27	,	,	PUNCT
afbr-299	73	28	or	or	CCONJ
afbr-299	73	29	applicable	applicable	ADJ
afbr-299	73	30	,	,	PUNCT
afbr-299	73	31	this	this	DET
afbr-299	73	32	policy	policy	NOUN
afbr-299	73	33	is	be	AUX
afbr-299	73	34	of	of	ADP
afbr-299	73	35	great	great	ADJ
afbr-299	73	36	help	help	NOUN
afbr-299	73	37	to	to	ADP
afbr-299	73	38	monetary	monetary	ADJ
afbr-299	73	39	authorities	authority	NOUN
afbr-299	73	40	.	.	PUNCT
afbr-299	74	1	after	after	ADP
afbr-299	74	2	this	this	DET
afbr-299	74	3	explanation	explanation	NOUN
afbr-299	74	4	,	,	PUNCT
afbr-299	74	5	we	we	PRON
afbr-299	74	6	return	return	VERB
afbr-299	74	7	to	to	ADP
afbr-299	74	8	the	the	DET
afbr-299	74	9	policy	policy	NOUN
afbr-299	74	10	of	of	ADP
afbr-299	74	11	selling	sell	VERB
afbr-299	74	12	foreign	foreign	ADJ
afbr-299	74	13	exchange	exchange	NOUN
afbr-299	74	14	in	in	ADP
afbr-299	74	15	the	the	DET
afbr-299	74	16	parallel	parallel	ADJ
afbr-299	74	17	market	market	NOUN
afbr-299	74	18	.	.	PUNCT
afbr-299	75	1	this	this	DET
afbr-299	75	2	policy	policy	NOUN
afbr-299	75	3	confirms	confirm	VERB
afbr-299	75	4	the	the	DET
afbr-299	75	5	followings	following	NOUN
afbr-299	75	6	:	:	PUNCT
afbr-299	75	7			X
afbr-299	75	8	the	the	DET
afbr-299	75	9	parallel	parallel	ADJ
afbr-299	75	10	market	market	NOUN
afbr-299	75	11	is	be	AUX
afbr-299	75	12	implicitly	implicitly	ADV
afbr-299	75	13	accepted	accept	VERB
afbr-299	75	14			PUNCT
afbr-299	76	1	it	it	PRON
afbr-299	76	2	is	be	AUX
afbr-299	76	3	a	a	DET
afbr-299	76	4	step	step	NOUN
afbr-299	76	5	towards	towards	ADP
afbr-299	76	6	exchange	exchange	NOUN
afbr-299	76	7	rate	rate	NOUN
afbr-299	76	8	unification	unification	NOUN
afbr-299	76	9			PUNCT
afbr-299	77	1	it	it	PRON
afbr-299	77	2	helps	help	VERB
afbr-299	77	3	to	to	PART
afbr-299	77	4	stabilize	stabilize	VERB
afbr-299	77	5	the	the	DET
afbr-299	77	6	rates	rate	NOUN
afbr-299	77	7	of	of	ADP
afbr-299	77	8	foreign	foreign	ADJ
afbr-299	77	9	exchange	exchange	NOUN
afbr-299	77	10			PUNCT
afbr-299	78	1	it	it	PRON
afbr-299	78	2	decreases	decrease	VERB
afbr-299	78	3	the	the	DET
afbr-299	78	4	amount	amount	NOUN
afbr-299	78	5	of	of	ADP
afbr-299	78	6	available	available	ADJ
afbr-299	78	7	rials	rial	NOUN
afbr-299	78	8	,	,	PUNCT
afbr-299	78	9	and	and	CCONJ
afbr-299	78	10	thereof	thereof	ADV
afbr-299	78	11	strengthens	strengthen	VERB
afbr-299	78	12	the	the	DET
afbr-299	78	13	national	national	ADJ
afbr-299	78	14	currency	currency	NOUN
afbr-299	78	15			PUNCT
afbr-299	79	1	it	it	PRON
afbr-299	79	2	can	can	AUX
afbr-299	79	3	partially	partially	ADV
afbr-299	79	4	finance	finance	VERB
afbr-299	79	5	the	the	DET
afbr-299	79	6	budget	budget	NOUN
afbr-299	79	7	deficit	deficit	NOUN
afbr-299	79	8			PUNCT
afbr-299	80	1	this	this	DET
afbr-299	80	2	policy	policy	NOUN
afbr-299	80	3	has	have	VERB
afbr-299	80	4	deflationary	deflationary	ADJ
afbr-299	80	5	effects	effect	NOUN
afbr-299	80	6			PUNCT
afbr-299	80	7	it	it	PRON
afbr-299	80	8	can	can	AUX
afbr-299	80	9	be	be	AUX
afbr-299	80	10	regarded	regard	VERB
afbr-299	80	11	as	as	ADP
afbr-299	80	12	a	a	DET
afbr-299	80	13	monetary	monetary	ADJ
afbr-299	80	14	tool	tool	NOUN
afbr-299	80	15	for	for	ADP
afbr-299	80	16	open	open	ADJ
afbr-299	80	17	market	market	NOUN
afbr-299	80	18	operations	operation	NOUN
afbr-299	80	19	in	in	ADP
afbr-299	80	20	the	the	DET
afbr-299	80	21	macro	macro	ADJ
afbr-299	80	22	-	-	ADJ
afbr-299	80	23	econometric	econometric	ADJ
afbr-299	80	24	model	model	NOUN
afbr-299	80	25	of	of	ADP
afbr-299	80	26	iran2	iran2	NOUN
afbr-299	80	27	,	,	PUNCT
afbr-299	80	28	the	the	DET
afbr-299	80	29	effect	effect	NOUN
afbr-299	80	30	of	of	ADP
afbr-299	80	31	selling	sell	VERB
afbr-299	80	32	foreign	foreign	ADJ
afbr-299	80	33	exchange	exchange	NOUN
afbr-299	80	34	in	in	ADP
afbr-299	80	35	the	the	DET
afbr-299	80	36	parallel	parallel	ADJ
afbr-299	80	37	market	market	NOUN
afbr-299	80	38	has	have	AUX
afbr-299	80	39	been	be	AUX
afbr-299	80	40	studied	study	VERB
afbr-299	80	41	.	.	PUNCT
afbr-299	81	1	the	the	DET
afbr-299	81	2	calculations	calculation	NOUN
afbr-299	81	3	show	show	VERB
afbr-299	81	4	that	that	SCONJ
afbr-299	81	5	by	by	ADP
afbr-299	81	6	selling	sell	VERB
afbr-299	81	7	foreign	foreign	ADJ
afbr-299	81	8	exchange	exchange	NOUN
afbr-299	81	9	equal	equal	ADJ
afbr-299	81	10	to	to	ADP
afbr-299	81	11	one	one	NUM
afbr-299	81	12	thousand	thousand	NUM
afbr-299	81	13	billion	billion	NUM
afbr-299	81	14	rials	rial	NOUN
afbr-299	81	15	,	,	PUNCT
afbr-299	81	16	the	the	DET
afbr-299	81	17	exchange	exchange	NOUN
afbr-299	81	18	rate	rate	NOUN
afbr-299	81	19	of	of	ADP
afbr-299	81	20	the	the	DET
afbr-299	81	21	parallel	parallel	ADJ
afbr-299	81	22	market	market	NOUN
afbr-299	81	23	decline	decline	NOUN
afbr-299	81	24	will	will	AUX
afbr-299	81	25	be	be	AUX
afbr-299	81	26	65	65	NUM
afbr-299	81	27	rials	rial	NOUN
afbr-299	81	28	.	.	PUNCT
afbr-299	82	1	2	2	NUM
afbr-299	82	2	.	.	NOUN
afbr-299	82	3	time	time	NOUN
afbr-299	82	4	series	series	PROPN
afbr-299	82	5	analysis	analysis	NOUN
afbr-299	82	6	in	in	ADP
afbr-299	82	7	this	this	DET
afbr-299	82	8	section	section	NOUN
afbr-299	82	9	,	,	PUNCT
afbr-299	82	10	we	we	PRON
afbr-299	82	11	test	test	VERB
afbr-299	82	12	the	the	DET
afbr-299	82	13	time	time	NOUN
afbr-299	82	14	series	series	NOUN
afbr-299	82	15	for	for	ADP
afbr-299	82	16	stationarity	stationarity	NOUN
afbr-299	82	17	,	,	PUNCT
afbr-299	82	18	to	to	PART
afbr-299	82	19	be	be	AUX
afbr-299	82	20	used	use	VERB
afbr-299	82	21	in	in	ADP
afbr-299	82	22	the	the	DET
afbr-299	82	23	next	next	ADJ
afbr-299	82	24	sections	section	NOUN
afbr-299	82	25	.	.	PUNCT
afbr-299	83	1	the	the	DET
afbr-299	83	2	following	follow	VERB
afbr-299	83	3	variables	variable	NOUN
afbr-299	83	4	have	have	AUX
afbr-299	83	5	been	be	AUX
afbr-299	83	6	tested	test	VERB
afbr-299	83	7	for	for	ADP
afbr-299	83	8	unit	unit	NOUN
afbr-299	83	9	root	root	NOUN
afbr-299	83	10	.	.	PUNCT
afbr-299	84	1	all	all	DET
afbr-299	84	2	data	datum	NOUN
afbr-299	84	3	are	be	AUX
afbr-299	84	4	monthly	monthly	ADJ
afbr-299	84	5	series	series	NOUN
afbr-299	84	6	.	.	PUNCT
afbr-299	85	1	several	several	ADJ
afbr-299	85	2	tests	test	NOUN
afbr-299	85	3	such	such	ADJ
afbr-299	85	4	as	as	ADP
afbr-299	85	5	df3	df3	ADJ
afbr-299	85	6	and	and	CCONJ
afbr-299	85	7	adf4	adf4	NOUN
afbr-299	85	8	have	have	AUX
afbr-299	85	9	been	be	AUX
afbr-299	85	10	used	use	VERB
afbr-299	85	11	,	,	PUNCT
afbr-299	85	12	and	and	CCONJ
afbr-299	85	13	by	by	ADP
afbr-299	85	14	using	use	VERB
afbr-299	85	15	correlogram	correlogram	NOUN
afbr-299	85	16	,	,	PUNCT
afbr-299	85	17	auto	auto	NOUN
afbr-299	85	18	-	-	PUNCT
afbr-299	85	19	correlation	correlation	NOUN
afbr-299	85	20	,	,	PUNCT
afbr-299	85	21	and	and	CCONJ
afbr-299	85	22	partial	partial	ADJ
afbr-299	85	23	correlation	correlation	NOUN
afbr-299	85	24	,	,	PUNCT
afbr-299	85	25	the	the	DET
afbr-299	85	26	necessary	necessary	ADJ
afbr-299	85	27	differences	difference	NOUN
afbr-299	85	28	were	be	AUX
afbr-299	85	29	extracted	extract	VERB
afbr-299	85	30	to	to	PART
afbr-299	85	31	make	make	VERB
afbr-299	85	32	the	the	DET
afbr-299	85	33	series	series	NOUN
afbr-299	85	34	stationary	stationary	NOUN
afbr-299	85	35	.	.	PUNCT
afbr-299	86	1	tests	test	NOUN
afbr-299	86	2	have	have	AUX
afbr-299	86	3	been	be	AUX
afbr-299	86	4	carried	carry	VERB
afbr-299	86	5	out	out	ADP
afbr-299	86	6	on	on	ADP
afbr-299	86	7	the	the	DET
afbr-299	86	8	followings	following	NOUN
afbr-299	86	9	variables	variable	VERB
afbr-299	86	10	:	:	PUNCT
afbr-299	86	11	1	1	X
afbr-299	86	12	.	.	X
afbr-299	86	13	foreign	foreign	ADJ
afbr-299	86	14	exchange	exchange	NOUN
afbr-299	86	15	rate	rate	NOUN
afbr-299	86	16	2	2	NUM
afbr-299	86	17	.	.	PUNCT
afbr-299	86	18	consumer	consumer	NOUN
afbr-299	86	19	price	price	NOUN
afbr-299	86	20	index	index	NOUN
afbr-299	86	21	3	3	NUM
afbr-299	86	22	.	.	PUNCT
afbr-299	87	1	liquidity	liquidity	NOUN
afbr-299	87	2	(	(	PUNCT
afbr-299	87	3	the	the	DET
afbr-299	87	4	broad	broad	ADJ
afbr-299	87	5	definition	definition	NOUN
afbr-299	87	6	of	of	ADP
afbr-299	87	7	money	money	NOUN
afbr-299	87	8	m2	m2	PROPN
afbr-299	87	9	)	)	PUNCT
afbr-299	87	10	according	accord	VERB
afbr-299	87	11	to	to	ADP
afbr-299	87	12	the	the	DET
afbr-299	87	13	studies	study	NOUN
afbr-299	87	14	,	,	PUNCT
afbr-299	87	15	the	the	DET
afbr-299	87	16	following	follow	VERB
afbr-299	87	17	table	table	NOUN
afbr-299	87	18	has	have	AUX
afbr-299	87	19	been	be	AUX
afbr-299	87	20	prepared	prepare	VERB
afbr-299	87	21	which	which	PRON
afbr-299	87	22	shows	show	VERB
afbr-299	87	23	the	the	DET
afbr-299	87	24	changes	change	NOUN
afbr-299	87	25	for	for	ADP
afbr-299	87	26	making	make	VERB
afbr-299	87	27	the	the	DET
afbr-299	87	28	stationery	stationery	NOUN
afbr-299	87	29	of	of	ADP
afbr-299	87	30	the	the	DET
afbr-299	87	31	variables	variable	NOUN
afbr-299	87	32	variable	variable	ADJ
afbr-299	87	33	changes	change	NOUN
afbr-299	87	34	made	make	VERB
afbr-299	87	35	to	to	PART
afbr-299	87	36	make	make	VERB
afbr-299	87	37	the	the	DET
afbr-299	87	38	series	series	PROPN
afbr-299	87	39	stationary	stationary	PROPN
afbr-299	87	40	exchange	exchange	NOUN
afbr-299	87	41	rate	rate	NOUN
afbr-299	87	42	[	[	X
afbr-299	87	43	d(dollar	d(dollar	ADJ
afbr-299	87	44	)	)	PUNCT
afbr-299	87	45	]	]	PUNCT
afbr-299	88	1	first	first	ADJ
afbr-299	88	2	order	order	NOUN
afbr-299	88	3	difference	difference	NOUN
afbr-299	88	4	consumer	consumer	NOUN
afbr-299	88	5	price	price	NOUN
afbr-299	88	6	index	index	NOUN
afbr-299	88	7	[	[	X
afbr-299	88	8	d(cpi	d(cpi	NOUN
afbr-299	88	9	)	)	PUNCT
afbr-299	88	10	]	]	PUNCT
afbr-299	88	11	first	first	ADJ
afbr-299	88	12	order	order	NOUN
afbr-299	88	13	difference	difference	NOUN
afbr-299	88	14	liquidity	liquidity	NOUN
afbr-299	88	15	dlogm2112	dlogm2112	PROPN
afbr-299	88	16	=	=	SYM
afbr-299	88	17	d(log(m2),1,12	d(log(m2),1,12	PROPN
afbr-299	88	18	)	)	PUNCT
afbr-299	88	19	first	first	ADJ
afbr-299	88	20	order	order	NOUN
afbr-299	88	21	difference	difference	NOUN
afbr-299	88	22	and	and	CCONJ
afbr-299	88	23	12	12	NUM
afbr-299	88	24	months	month	NOUN
afbr-299	88	25	difference	difference	NOUN
afbr-299	88	26	on	on	ADP
afbr-299	88	27	logarithm	logarithm	NOUN
afbr-299	88	28	after	after	ADP
afbr-299	88	29	doing	do	VERB
afbr-299	88	30	changes	change	NOUN
afbr-299	88	31	to	to	PART
afbr-299	88	32	make	make	VERB
afbr-299	88	33	the	the	DET
afbr-299	88	34	series	series	NOUN
afbr-299	88	35	stationary	stationary	NOUN
afbr-299	88	36	,	,	PUNCT
afbr-299	88	37	we	we	PRON
afbr-299	88	38	concluded	conclude	VERB
afbr-299	88	39	that	that	SCONJ
afbr-299	88	40	:	:	PUNCT
afbr-299	88	41	1	1	X
afbr-299	88	42	.	.	X
afbr-299	88	43	the	the	DET
afbr-299	88	44	logarithm	logarithm	NOUN
afbr-299	88	45	of	of	ADP
afbr-299	88	46	most	most	ADJ
afbr-299	88	47	of	of	ADP
afbr-299	88	48	the	the	DET
afbr-299	88	49	series	series	NOUN
afbr-299	88	50	increases	increase	VERB
afbr-299	88	51	stationarity	stationarity	NOUN
afbr-299	88	52	2	2	NUM
afbr-299	88	53	bidabad	bidabad	NOUN
afbr-299	88	54	,	,	PUNCT
afbr-299	88	55	1996	1996	NUM
afbr-299	88	56	.	.	PUNCT
afbr-299	89	1	http://www.bidabad.com/	http://www.bidabad.com/	PROPN
afbr-299	90	1	3	3	NUM
afbr-299	90	2	dickey	dickey	NOUN
afbr-299	90	3	-	-	PUNCT
afbr-299	90	4	fuller	fuller	NOUN
afbr-299	90	5	.	.	PUNCT
afbr-299	91	1	4	4	NUM
afbr-299	91	2	augmented	augment	VERB
afbr-299	91	3	dickey	dickey	NOUN
afbr-299	91	4	-	-	PUNCT
afbr-299	91	5	fuller	fuller	NOUN
afbr-299	91	6	.	.	PUNCT
afbr-299	92	1	http://www.cribfb.com/journal/index.php/afbr	http://www.cribfb.com/journal/index.php/afbr	NOUN
afbr-299	92	2	http://www.bidabad.com/	http://www.bidabad.com/	NOUN
afbr-299	93	1	copyright	copyright	PROPN
afbr-299	93	2	©	©	PROPN
afbr-299	93	3	cc	cc	PROPN
afbr-299	93	4	-	-	PUNCT
afbr-299	93	5	by	by	ADP
afbr-299	93	6	-	-	PUNCT
afbr-299	93	7	nc	nc	PROPN
afbr-299	93	8	2019	2019	NUM
afbr-299	93	9	,	,	PUNCT
afbr-299	93	10	cribfb	cribfb	PROPN
afbr-299	93	11	|	|	ADV
afbr-299	93	12	afbr	afbr	PROPN
afbr-299	93	13	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADJ
afbr-299	93	14	australian	australian	ADJ
afbr-299	93	15	finance	finance	PROPN
afbr-299	93	16	&	&	CCONJ
afbr-299	93	17	banking	banking	PROPN
afbr-299	93	18	review	review	PROPN
afbr-299	93	19	vol	vol	NOUN
afbr-299	93	20	.	.	PROPN
afbr-299	94	1	3	3	NUM
afbr-299	94	2	,	,	PUNCT
afbr-299	94	3	no	no	INTJ
afbr-299	94	4	.	.	NOUN
afbr-299	94	5	1	1	NUM
afbr-299	94	6	;	;	PUNCT
afbr-299	95	1	2019	2019	NUM
afbr-299	95	2	23	23	NUM
afbr-299	95	3	2	2	NUM
afbr-299	95	4	.	.	PUNCT
afbr-299	96	1	some	some	DET
afbr-299	96	2	monetary	monetary	ADJ
afbr-299	96	3	series	series	NOUN
afbr-299	96	4	and	and	CCONJ
afbr-299	96	5	prices	price	NOUN
afbr-299	96	6	needed	need	VERB
afbr-299	96	7	12	12	NUM
afbr-299	96	8	months	month	NOUN
afbr-299	96	9	difference	difference	NOUN
afbr-299	96	10	3	3	NUM
afbr-299	96	11	.	.	PUNCT
afbr-299	97	1	therefore	therefore	ADV
afbr-299	97	2	,	,	PUNCT
afbr-299	97	3	the	the	DET
afbr-299	97	4	following	follow	VERB
afbr-299	97	5	variables	variable	NOUN
afbr-299	97	6	can	can	AUX
afbr-299	97	7	be	be	AUX
afbr-299	97	8	regarded	regard	VERB
afbr-299	97	9	as	as	ADP
afbr-299	97	10	i(1	i(1	PROPN
afbr-299	97	11	)	)	PUNCT
afbr-299	97	12	variables	variable	NOUN
afbr-299	97	13			X
afbr-299	97	14	d(log(dollar	d(log(dollar	ADJ
afbr-299	97	15	)	)	PUNCT
afbr-299	97	16	,	,	PUNCT
afbr-299	97	17	,	,	PUNCT
afbr-299	97	18	12	12	NUM
afbr-299	97	19	)	)	PUNCT
afbr-299	97	20			PART
afbr-299	97	21	d(log(cpi	d(log(cpi	NOUN
afbr-299	97	22	)	)	PUNCT
afbr-299	97	23	,	,	PUNCT
afbr-299	97	24	,	,	PUNCT
afbr-299	97	25	12	12	NUM
afbr-299	97	26	)	)	PUNCT
afbr-299	97	27			NOUN
afbr-299	97	28	d(log(m2	d(log(m2	NOUN
afbr-299	97	29	)	)	PUNCT
afbr-299	97	30	,	,	PUNCT
afbr-299	97	31	,	,	PUNCT
afbr-299	97	32	12	12	NUM
afbr-299	97	33	)	)	PUNCT
afbr-299	97	34	3	3	NUM
afbr-299	97	35	.	.	X
afbr-299	97	36	causality	causality	NOUN
afbr-299	97	37	between	between	ADP
afbr-299	97	38	the	the	DET
afbr-299	97	39	main	main	ADJ
afbr-299	97	40	variables	variable	NOUN
afbr-299	97	41	the	the	DET
afbr-299	97	42	previous	previous	ADJ
afbr-299	97	43	studies	study	NOUN
afbr-299	97	44	and	and	CCONJ
afbr-299	97	45	the	the	DET
afbr-299	97	46	assumptions	assumption	NOUN
afbr-299	97	47	of	of	ADP
afbr-299	97	48	the	the	DET
afbr-299	97	49	present	present	ADJ
afbr-299	97	50	study	study	NOUN
afbr-299	97	51	are	be	AUX
afbr-299	97	52	based	base	VERB
afbr-299	97	53	on	on	ADP
afbr-299	97	54	the	the	DET
afbr-299	97	55	tight	tight	ADJ
afbr-299	97	56	relationship	relationship	NOUN
afbr-299	97	57	between	between	ADP
afbr-299	97	58	monetary	monetary	ADJ
afbr-299	97	59	variables	variable	NOUN
afbr-299	97	60	,	,	PUNCT
afbr-299	97	61	foreign	foreign	ADJ
afbr-299	97	62	exchange	exchange	NOUN
afbr-299	97	63	rate	rate	NOUN
afbr-299	97	64	,	,	PUNCT
afbr-299	97	65	and	and	CCONJ
afbr-299	97	66	prices	price	NOUN
afbr-299	97	67	.	.	PUNCT
afbr-299	98	1	in	in	ADP
afbr-299	98	2	this	this	DET
afbr-299	98	3	section	section	NOUN
afbr-299	98	4	,	,	PUNCT
afbr-299	98	5	we	we	PRON
afbr-299	98	6	use	use	VERB
afbr-299	98	7	causality	causality	NOUN
afbr-299	98	8	tests	test	NOUN
afbr-299	98	9	on	on	ADP
afbr-299	98	10	these	these	DET
afbr-299	98	11	variables	variable	NOUN
afbr-299	98	12	.	.	PUNCT
afbr-299	99	1	in	in	ADP
afbr-299	99	2	other	other	ADJ
afbr-299	99	3	words	word	NOUN
afbr-299	99	4	,	,	PUNCT
afbr-299	99	5	we	we	PRON
afbr-299	99	6	want	want	VERB
afbr-299	99	7	to	to	PART
afbr-299	99	8	test	test	VERB
afbr-299	99	9	the	the	DET
afbr-299	99	10	direction	direction	NOUN
afbr-299	99	11	of	of	ADP
afbr-299	99	12	the	the	DET
afbr-299	99	13	effect	effect	NOUN
afbr-299	99	14	on	on	ADP
afbr-299	99	15	the	the	DET
afbr-299	99	16	foreign	foreign	ADJ
afbr-299	99	17	exchange	exchange	NOUN
afbr-299	99	18	rate	rate	NOUN
afbr-299	99	19	by	by	ADP
afbr-299	99	20	the	the	DET
afbr-299	99	21	monetary	monetary	ADJ
afbr-299	99	22	variable	variable	NOUN
afbr-299	99	23	and	and	CCONJ
afbr-299	99	24	general	general	ADJ
afbr-299	99	25	price	price	NOUN
afbr-299	99	26	level	level	NOUN
afbr-299	99	27	.	.	PUNCT
afbr-299	100	1	by	by	ADP
afbr-299	100	2	the	the	DET
afbr-299	100	3	previous	previous	ADJ
afbr-299	100	4	section	section	NOUN
afbr-299	100	5	,	,	PUNCT
afbr-299	100	6	we	we	PRON
afbr-299	100	7	found	find	VERB
afbr-299	100	8	out	out	ADP
afbr-299	100	9	the	the	DET
afbr-299	100	10	different	different	ADJ
afbr-299	100	11	orders	order	NOUN
afbr-299	100	12	to	to	PART
afbr-299	100	13	make	make	VERB
afbr-299	100	14	the	the	DET
afbr-299	100	15	necessary	necessary	ADJ
afbr-299	100	16	time	time	NOUN
afbr-299	100	17	series	series	PROPN
afbr-299	100	18	stationary	stationary	PROPN
afbr-299	100	19	.	.	PUNCT
afbr-299	101	1	now	now	ADV
afbr-299	101	2	we	we	PRON
afbr-299	101	3	use	use	VERB
afbr-299	101	4	these	these	DET
afbr-299	101	5	results	result	NOUN
afbr-299	101	6	.	.	PUNCT
afbr-299	102	1	before	before	ADP
afbr-299	102	2	evaluating	evaluate	VERB
afbr-299	102	3	the	the	DET
afbr-299	102	4	causality	causality	NOUN
afbr-299	102	5	between	between	ADP
afbr-299	102	6	the	the	DET
afbr-299	102	7	variables	variable	NOUN
afbr-299	102	8	,	,	PUNCT
afbr-299	102	9	in	in	ADP
afbr-299	102	10	order	order	NOUN
afbr-299	102	11	to	to	PART
afbr-299	102	12	find	find	VERB
afbr-299	102	13	the	the	DET
afbr-299	102	14	correct	correct	ADJ
afbr-299	102	15	form	form	NOUN
afbr-299	102	16	of	of	ADP
afbr-299	102	17	granger	granger	PROPN
afbr-299	102	18	relationship	relationship	PROPN
afbr-299	102	19	,	,	PUNCT
afbr-299	102	20	we	we	PRON
afbr-299	102	21	have	have	VERB
afbr-299	102	22	to	to	PART
afbr-299	102	23	check	check	VERB
afbr-299	102	24	for	for	ADP
afbr-299	102	25	their	their	PRON
afbr-299	102	26	co	co	NOUN
afbr-299	102	27	-	-	NOUN
afbr-299	102	28	integration	integration	NOUN
afbr-299	102	29	.	.	PUNCT
afbr-299	103	1	if	if	SCONJ
afbr-299	103	2	the	the	DET
afbr-299	103	3	residual	residual	ADJ
afbr-299	103	4	of	of	ADP
afbr-299	103	5	long	long	ADJ
afbr-299	103	6	term	term	NOUN
afbr-299	103	7	regression	regression	NOUN
afbr-299	103	8	of	of	ADP
afbr-299	103	9	the	the	DET
afbr-299	103	10	two	two	NUM
afbr-299	103	11	variables	variable	NOUN
afbr-299	103	12	are	be	AUX
afbr-299	103	13	stationary	stationary	ADJ
afbr-299	103	14	,	,	PUNCT
afbr-299	103	15	or	or	CCONJ
afbr-299	103	16	in	in	ADP
afbr-299	103	17	other	other	ADJ
afbr-299	103	18	words	word	NOUN
afbr-299	103	19	,	,	PUNCT
afbr-299	103	20	they	they	PRON
afbr-299	103	21	have	have	VERB
afbr-299	103	22	not	not	PART
afbr-299	103	23	a	a	DET
afbr-299	103	24	unit	unit	NOUN
afbr-299	103	25	root	root	NOUN
afbr-299	103	26	,	,	PUNCT
afbr-299	103	27	the	the	DET
afbr-299	103	28	two	two	NUM
afbr-299	103	29	variables	variable	NOUN
afbr-299	103	30	are	be	AUX
afbr-299	103	31	co	co	ADJ
afbr-299	103	32	-	-	VERB
afbr-299	103	33	integrated	integrated	ADJ
afbr-299	103	34	.	.	PUNCT
afbr-299	104	1	if	if	SCONJ
afbr-299	104	2	so	so	ADV
afbr-299	104	3	,	,	PUNCT
afbr-299	104	4	their	their	PRON
afbr-299	104	5	simple	simple	ADJ
afbr-299	104	6	difference	difference	NOUN
afbr-299	104	7	will	will	AUX
afbr-299	104	8	not	not	PART
afbr-299	104	9	be	be	AUX
afbr-299	104	10	enough	enough	ADJ
afbr-299	104	11	for	for	ADP
afbr-299	104	12	regression	regression	NOUN
afbr-299	104	13	,	,	PUNCT
afbr-299	104	14	and	and	CCONJ
afbr-299	104	15	therefore	therefore	ADV
afbr-299	104	16	,	,	PUNCT
afbr-299	104	17	the	the	DET
afbr-299	104	18	model	model	NOUN
afbr-299	104	19	should	should	AUX
afbr-299	104	20	be	be	AUX
afbr-299	104	21	used	use	VERB
afbr-299	104	22	as	as	ADP
afbr-299	104	23	ecm5	ecm5	PROPN
afbr-299	104	24	.	.	PUNCT
afbr-299	105	1	although	although	SCONJ
afbr-299	105	2	this	this	DET
afbr-299	105	3	correction	correction	NOUN
afbr-299	105	4	can	can	AUX
afbr-299	105	5	explain	explain	VERB
afbr-299	105	6	the	the	DET
afbr-299	105	7	short	short	ADJ
afbr-299	105	8	variations	variation	NOUN
afbr-299	105	9	of	of	ADP
afbr-299	105	10	the	the	DET
afbr-299	105	11	model	model	NOUN
afbr-299	105	12	around	around	ADP
afbr-299	105	13	the	the	DET
afbr-299	105	14	long	long	ADJ
afbr-299	105	15	term	term	NOUN
afbr-299	105	16	trend	trend	NOUN
afbr-299	105	17	by	by	ADP
afbr-299	105	18	inserting	insert	VERB
afbr-299	105	19	an	an	DET
afbr-299	105	20	error	error	NOUN
afbr-299	105	21	item	item	NOUN
afbr-299	105	22	which	which	PRON
afbr-299	105	23	has	have	AUX
afbr-299	105	24	been	be	AUX
afbr-299	105	25	obtained	obtain	VERB
afbr-299	105	26	from	from	ADP
afbr-299	105	27	the	the	DET
afbr-299	105	28	long	long	ADJ
afbr-299	105	29	run	run	NOUN
afbr-299	105	30	equation	equation	NOUN
afbr-299	105	31	,	,	PUNCT
afbr-299	105	32	it	it	PRON
afbr-299	105	33	adds	add	VERB
afbr-299	105	34	its	its	PRON
afbr-299	105	35	own	own	ADJ
afbr-299	105	36	problems	problem	NOUN
afbr-299	105	37	to	to	ADP
afbr-299	105	38	the	the	DET
afbr-299	105	39	model	model	NOUN
afbr-299	105	40	.	.	PUNCT
afbr-299	106	1	for	for	ADP
afbr-299	106	2	example	example	NOUN
afbr-299	106	3	,	,	PUNCT
afbr-299	106	4	if	if	SCONJ
afbr-299	106	5	the	the	DET
afbr-299	106	6	specification	specification	NOUN
afbr-299	106	7	of	of	ADP
afbr-299	106	8	the	the	DET
afbr-299	106	9	model	model	NOUN
afbr-299	106	10	is	be	AUX
afbr-299	106	11	not	not	PART
afbr-299	106	12	strictly	strictly	ADV
afbr-299	106	13	supported	support	VERB
afbr-299	106	14	by	by	ADP
afbr-299	106	15	economic	economic	ADJ
afbr-299	106	16	theory	theory	NOUN
afbr-299	106	17	,	,	PUNCT
afbr-299	106	18	the	the	DET
afbr-299	106	19	results	result	NOUN
afbr-299	106	20	of	of	ADP
afbr-299	106	21	the	the	DET
afbr-299	106	22	error	error	NOUN
afbr-299	106	23	correction	correction	NOUN
afbr-299	106	24	model	model	NOUN
afbr-299	106	25	will	will	AUX
afbr-299	106	26	have	have	VERB
afbr-299	106	27	conceptual	conceptual	ADJ
afbr-299	106	28	problems	problem	NOUN
afbr-299	106	29	.	.	PUNCT
afbr-299	107	1	4	4	X
afbr-299	107	2	.	.	X
afbr-299	107	3	theoretical	theoretical	ADJ
afbr-299	107	4	dynamic	dynamic	ADJ
afbr-299	107	5	causality	causality	NOUN
afbr-299	107	6	among	among	ADP
afbr-299	107	7	variables	variable	NOUN
afbr-299	107	8	when	when	SCONJ
afbr-299	107	9	we	we	PRON
afbr-299	107	10	define	define	VERB
afbr-299	107	11	a	a	DET
afbr-299	107	12	regression	regression	NOUN
afbr-299	107	13	,	,	PUNCT
afbr-299	107	14	we	we	PRON
afbr-299	107	15	implicitly	implicitly	ADV
afbr-299	107	16	presuppose	presuppose	VERB
afbr-299	107	17	that	that	SCONJ
afbr-299	107	18	what	what	PRON
afbr-299	107	19	variable	variable	ADJ
afbr-299	107	20	or	or	CCONJ
afbr-299	107	21	variables	variable	NOUN
afbr-299	107	22	explain	explain	VERB
afbr-299	107	23	another	another	DET
afbr-299	107	24	variable	variable	NOUN
afbr-299	107	25	which	which	PRON
afbr-299	107	26	is	be	AUX
afbr-299	107	27	defined	define	VERB
afbr-299	107	28	as	as	ADP
afbr-299	107	29	a	a	DET
afbr-299	107	30	dependent	dependent	ADJ
afbr-299	107	31	variable	variable	NOUN
afbr-299	107	32	.	.	PUNCT
afbr-299	108	1	it	it	PRON
afbr-299	108	2	means	mean	VERB
afbr-299	108	3	that	that	SCONJ
afbr-299	108	4	we	we	PRON
afbr-299	108	5	define	define	VERB
afbr-299	108	6	the	the	DET
afbr-299	108	7	causality	causality	NOUN
afbr-299	108	8	relationship	relationship	NOUN
afbr-299	108	9	in	in	ADP
afbr-299	108	10	which	which	PRON
afbr-299	108	11	,	,	PUNCT
afbr-299	108	12	by	by	ADP
afbr-299	108	13	changing	change	VERB
afbr-299	108	14	a	a	DET
afbr-299	108	15	variable	variable	NOUN
afbr-299	108	16	,	,	PUNCT
afbr-299	108	17	the	the	DET
afbr-299	108	18	dependent	dependent	ADJ
afbr-299	108	19	variable	variable	NOUN
afbr-299	108	20	will	will	AUX
afbr-299	108	21	change	change	VERB
afbr-299	108	22	.	.	PUNCT
afbr-299	109	1	this	this	DET
afbr-299	109	2	causality	causality	NOUN
afbr-299	109	3	relationship	relationship	NOUN
afbr-299	109	4	can	can	AUX
afbr-299	109	5	be	be	AUX
afbr-299	109	6	a	a	DET
afbr-299	109	7	one	one	NUM
afbr-299	109	8	-	-	PUNCT
afbr-299	109	9	way	way	NOUN
afbr-299	109	10	relationship	relationship	NOUN
afbr-299	109	11	or	or	CCONJ
afbr-299	109	12	two	two	NUM
afbr-299	109	13	ways	way	NOUN
afbr-299	109	14	.	.	PUNCT
afbr-299	110	1	if	if	SCONJ
afbr-299	110	2	x	x	PRON
afbr-299	110	3	causes	cause	VERB
afbr-299	110	4	y	y	PROPN
afbr-299	110	5	,	,	PUNCT
afbr-299	110	6	but	but	CCONJ
afbr-299	110	7	y	y	PROPN
afbr-299	110	8	has	have	VERB
afbr-299	110	9	no	no	DET
afbr-299	110	10	effect	effect	NOUN
afbr-299	110	11	on	on	ADP
afbr-299	110	12	x	x	X
afbr-299	110	13	,	,	PUNCT
afbr-299	110	14	it	it	PRON
afbr-299	110	15	is	be	AUX
afbr-299	110	16	a	a	DET
afbr-299	110	17	one	one	NUM
afbr-299	110	18	-	-	PUNCT
afbr-299	110	19	way	way	NOUN
afbr-299	110	20	relationship	relationship	NOUN
afbr-299	110	21	.	.	PUNCT
afbr-299	111	1	but	but	CCONJ
afbr-299	111	2	if	if	SCONJ
afbr-299	111	3	x	x	PRON
afbr-299	111	4	affects	affect	VERB
afbr-299	111	5	y	y	PROPN
afbr-299	111	6	,	,	PUNCT
afbr-299	111	7	and	and	CCONJ
afbr-299	111	8	y	y	PROPN
afbr-299	111	9	affects	affect	VERB
afbr-299	111	10	x	x	PRON
afbr-299	111	11	,	,	PUNCT
afbr-299	111	12	then	then	ADV
afbr-299	111	13	we	we	PRON
afbr-299	111	14	have	have	VERB
afbr-299	111	15	a	a	DET
afbr-299	111	16	two	two	NUM
afbr-299	111	17	-	-	PUNCT
afbr-299	111	18	ways	way	NOUN
afbr-299	111	19	or	or	CCONJ
afbr-299	111	20	polar	polar	ADJ
afbr-299	111	21	relationship	relationship	NOUN
afbr-299	111	22	.	.	PUNCT
afbr-299	112	1	one	one	NUM
afbr-299	112	2	of	of	ADP
afbr-299	112	3	the	the	DET
afbr-299	112	4	methods	method	NOUN
afbr-299	112	5	for	for	ADP
afbr-299	112	6	the	the	DET
afbr-299	112	7	causality	causality	NOUN
afbr-299	112	8	test	test	NOUN
afbr-299	112	9	is	be	AUX
afbr-299	112	10	the	the	DET
afbr-299	112	11	granger	granger	PROPN
afbr-299	112	12	test	test	NOUN
afbr-299	112	13	.	.	PUNCT
afbr-299	113	1	this	this	DET
afbr-299	113	2	test	test	NOUN
afbr-299	113	3	is	be	AUX
afbr-299	113	4	based	base	VERB
afbr-299	113	5	on	on	ADP
afbr-299	113	6	this	this	DET
afbr-299	113	7	concept	concept	NOUN
afbr-299	113	8	that	that	SCONJ
afbr-299	113	9	the	the	DET
afbr-299	113	10	future	future	NOUN
afbr-299	113	11	can	can	AUX
afbr-299	113	12	not	not	PART
afbr-299	113	13	affect	affect	VERB
afbr-299	113	14	the	the	DET
afbr-299	113	15	past	past	NOUN
afbr-299	113	16	or	or	CCONJ
afbr-299	113	17	the	the	DET
afbr-299	113	18	present	present	ADJ
afbr-299	113	19	time	time	NOUN
afbr-299	113	20	.	.	PUNCT
afbr-299	114	1	the	the	DET
afbr-299	114	2	test	test	NOUN
afbr-299	114	3	is	be	AUX
afbr-299	114	4	a	a	DET
afbr-299	114	5	kind	kind	NOUN
afbr-299	114	6	of	of	ADP
afbr-299	114	7	var(k	var(k	NOUN
afbr-299	114	8	)	)	PUNCT
afbr-299	114	9	test	test	NOUN
afbr-299	114	10	:	:	PUNCT
afbr-299	115	1	tjt	tjt	PROPN
afbr-299	116	1	k	k	PROPN
afbr-299	116	2	j	j	PROPN
afbr-299	116	3	jjt	jjt	NOUN
afbr-299	116	4	x	x	PROPN
afbr-299	116	5	j	j	PROPN
afbr-299	116	6	jt	jt	PROPN
afbr-299	116	7	tjt	tjt	PROPN
afbr-299	117	1	k	k	PROPN
afbr-299	117	2	j	j	PROPN
afbr-299	117	3	jjt	jjt	PROPN
afbr-299	118	1	k	k	PROPN
afbr-299	119	1	i	i	PRON
afbr-299	119	2	ijt	ijt	VERB
afbr-299	119	3	eyxax	eyxax	NOUN
afbr-299	119	4	eyxay	eyxay	NOUN
afbr-299	119	5	2	2	NUM
afbr-299	119	6	1	1	NUM
afbr-299	119	7	2	2	NUM
afbr-299	119	8	1	1	NUM
afbr-299	119	9	220	220	NUM
afbr-299	119	10	1	1	NUM
afbr-299	119	11	1	1	NUM
afbr-299	119	12	1	1	NUM
afbr-299	119	13	1	1	NUM
afbr-299	119	14	10	10	NUM
afbr-299	119	15			NOUN
afbr-299	119	16			PROPN
afbr-299	119	17			PROPN
afbr-299	119	18			PROPN
afbr-299	119	19			PROPN
afbr-299	119	20			PROPN
afbr-299	119	21			PROPN
afbr-299	119	22			PROPN
afbr-299	119	23			PROPN
afbr-299	119	24			PROPN
afbr-299	119	25			DET
afbr-299	119	26			ADV
afbr-299	119	27			X
afbr-299	119	28			NOUN
afbr-299	119	29	upon	upon	SCONJ
afbr-299	119	30	the	the	DET
afbr-299	119	31	above	above	ADJ
afbr-299	119	32	equations	equation	NOUN
afbr-299	119	33	,	,	PUNCT
afbr-299	119	34	we	we	PRON
afbr-299	119	35	can	can	AUX
afbr-299	119	36	evaluate	evaluate	VERB
afbr-299	119	37	the	the	DET
afbr-299	119	38	following	follow	VERB
afbr-299	119	39	different	different	ADJ
afbr-299	119	40	cases	case	NOUN
afbr-299	119	41	:	:	PUNCT
afbr-299	120	1	1	1	X
afbr-299	120	2	.	.	X
afbr-299	121	1	if	if	SCONJ
afbr-299	121	2			PROPN
afbr-299	121	3	11	11	VERB
afbr-299	121	4	12	12	NUM
afbr-299	121	5	1	1	NUM
afbr-299	121	6	,	,	PUNCT
afbr-299	121	7	,	,	PUNCT
afbr-299	121	8	...	...	PUNCT
afbr-299	121	9	,	,	PUNCT
afbr-299	121	10	0k	0k	NUM
afbr-299	121	11			X
afbr-299	121	12			X
afbr-299	121	13			NOUN
afbr-299	121	14	and	and	CCONJ
afbr-299	121	15	21	21	NUM
afbr-299	121	16	22	22	NUM
afbr-299	121	17	2	2	NUM
afbr-299	121	18	{	{	PUNCT
afbr-299	121	19	,	,	PUNCT
afbr-299	121	20	,	,	PUNCT
afbr-299	121	21	...	...	PUNCT
afbr-299	121	22	,	,	PUNCT
afbr-299	121	23	}	}	PUNCT
afbr-299	121	24	0k	0k	NUM
afbr-299	121	25			PROPN
afbr-299	121	26			PROPN
afbr-299	121	27			NOUN
afbr-299	121	28	,	,	PUNCT
afbr-299	121	29	there	there	PRON
afbr-299	121	30	is	be	VERB
afbr-299	121	31	a	a	DET
afbr-299	121	32	one	one	NUM
afbr-299	121	33	-	-	PUNCT
afbr-299	121	34	way	way	NOUN
afbr-299	121	35	causality	causality	NOUN
afbr-299	121	36	relationship	relationship	NOUN
afbr-299	121	37	from	from	ADP
afbr-299	121	38	x	x	PUNCT
afbr-299	121	39	to	to	ADP
afbr-299	121	40	y.	y.	PROPN
afbr-299	121	41	2	2	NUM
afbr-299	121	42	.	.	PUNCT
afbr-299	122	1	if	if	SCONJ
afbr-299	122	2			PROPN
afbr-299	122	3	11	11	VERB
afbr-299	122	4	12	12	NUM
afbr-299	122	5	1	1	NUM
afbr-299	122	6	,	,	PUNCT
afbr-299	122	7	,	,	PUNCT
afbr-299	122	8	...	...	PUNCT
afbr-299	122	9	,	,	PUNCT
afbr-299	122	10	0k	0k	NUM
afbr-299	122	11			NOUN
afbr-299	122	12			X
afbr-299	122	13			NUM
afbr-299	122	14	and	and	CCONJ
afbr-299	122	15	21	21	NUM
afbr-299	122	16	22	22	NUM
afbr-299	122	17	2	2	NUM
afbr-299	122	18	{	{	PUNCT
afbr-299	122	19	,	,	PUNCT
afbr-299	122	20	,	,	PUNCT
afbr-299	122	21	...	...	PUNCT
afbr-299	122	22	,	,	PUNCT
afbr-299	122	23	}	}	PUNCT
afbr-299	122	24	0k	0k	NUM
afbr-299	122	25			PROPN
afbr-299	122	26			PROPN
afbr-299	122	27			PROPN
afbr-299	122	28	,	,	PUNCT
afbr-299	122	29	there	there	PRON
afbr-299	122	30	is	be	VERB
afbr-299	122	31	a	a	DET
afbr-299	122	32	one	one	NUM
afbr-299	122	33	-	-	PUNCT
afbr-299	122	34	way	way	NOUN
afbr-299	122	35	causality	causality	NOUN
afbr-299	122	36	relationship	relationship	NOUN
afbr-299	122	37	from	from	ADP
afbr-299	122	38	y	y	PRON
afbr-299	122	39	to	to	PART
afbr-299	122	40	x.	x.	NOUN
afbr-299	123	1	3	3	X
afbr-299	123	2	.	.	PUNCT
afbr-299	124	1	if	if	SCONJ
afbr-299	124	2			PROPN
afbr-299	124	3			PROPN
afbr-299	124	4	0	0	NUM
afbr-299	124	5	,	,	PUNCT
afbr-299	124	6	...	...	PUNCT
afbr-299	124	7	,	,	PUNCT
afbr-299	124	8	,	,	PUNCT
afbr-299	124	9	11211	11211	NUM
afbr-299	124	10	k	k	PROPN
afbr-299	124	11	and	and	CCONJ
afbr-299	124	12	21	21	NUM
afbr-299	124	13	22	22	NUM
afbr-299	124	14	2	2	NUM
afbr-299	124	15	{	{	PUNCT
afbr-299	124	16	,	,	PUNCT
afbr-299	124	17	,	,	PUNCT
afbr-299	124	18	...	...	PUNCT
afbr-299	124	19	,	,	PUNCT
afbr-299	124	20	}	}	PUNCT
afbr-299	125	1	0k	0k	NUM
afbr-299	125	2			PROPN
afbr-299	125	3			PROPN
afbr-299	125	4			PROPN
afbr-299	125	5	,	,	PUNCT
afbr-299	125	6	there	there	PRON
afbr-299	125	7	is	be	VERB
afbr-299	125	8	a	a	DET
afbr-299	125	9	two	two	NUM
afbr-299	125	10	ways	way	NOUN
afbr-299	125	11	causality	causality	NOUN
afbr-299	125	12	relationship	relationship	NOUN
afbr-299	125	13	between	between	ADP
afbr-299	125	14	y	y	PROPN
afbr-299	125	15	and	and	CCONJ
afbr-299	125	16	x.	x.	NOUN
afbr-299	125	17	to	to	PART
afbr-299	125	18	test	test	VERB
afbr-299	125	19	the	the	DET
afbr-299	125	20	above	above	ADJ
afbr-299	125	21	hypothesis	hypothesis	NOUN
afbr-299	125	22	,	,	PUNCT
afbr-299	125	23	we	we	PRON
afbr-299	125	24	use	use	VERB
afbr-299	125	25	f	f	PROPN
afbr-299	125	26	statistics	statistic	NOUN
afbr-299	125	27	.	.	PUNCT
afbr-299	126	1	this	this	DET
afbr-299	126	2	test	test	NOUN
afbr-299	126	3	will	will	AUX
afbr-299	126	4	be	be	AUX
afbr-299	126	5	carried	carry	VERB
afbr-299	126	6	out	out	ADP
afbr-299	126	7	after	after	ADP
afbr-299	126	8	testing	test	VERB
afbr-299	126	9	for	for	ADP
afbr-299	126	10	stationarity	stationarity	NOUN
afbr-299	126	11	and	and	CCONJ
afbr-299	126	12	making	make	VERB
afbr-299	126	13	variables	variable	NOUN
afbr-299	126	14	stationary	stationary	ADJ
afbr-299	126	15	before	before	ADP
afbr-299	126	16	further	further	ADJ
afbr-299	126	17	use	use	NOUN
afbr-299	126	18	.	.	PUNCT
afbr-299	127	1	5	5	NUM
afbr-299	127	2	error	error	NOUN
afbr-299	127	3	correction	correction	NOUN
afbr-299	127	4	model	model	NOUN
afbr-299	127	5	.	.	PUNCT
afbr-299	128	1	http://www.cribfb.com/journal/index.php/afbr	http://www.cribfb.com/journal/index.php/afbr	NOUN
afbr-299	128	2	copyright	copyright	NOUN
afbr-299	129	1	©	©	PROPN
afbr-299	129	2	cc	cc	PROPN
afbr-299	129	3	-	-	PUNCT
afbr-299	129	4	by	by	ADP
afbr-299	129	5	-	-	PUNCT
afbr-299	129	6	nc	nc	PROPN
afbr-299	129	7	2019	2019	NUM
afbr-299	129	8	,	,	PUNCT
afbr-299	129	9	cribfb	cribfb	PROPN
afbr-299	129	10	|	|	ADV
afbr-299	129	11	afbr	afbr	PROPN
afbr-299	129	12	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADJ
afbr-299	129	13	australian	australian	ADJ
afbr-299	129	14	finance	finance	PROPN
afbr-299	129	15	&	&	CCONJ
afbr-299	129	16	banking	banking	PROPN
afbr-299	129	17	review	review	PROPN
afbr-299	129	18	vol	vol	NOUN
afbr-299	129	19	.	.	PROPN
afbr-299	130	1	3	3	NUM
afbr-299	130	2	,	,	PUNCT
afbr-299	130	3	no	no	INTJ
afbr-299	130	4	.	.	NOUN
afbr-299	130	5	1	1	NUM
afbr-299	130	6	;	;	PUNCT
afbr-299	130	7	2019	2019	NUM
afbr-299	130	8	24	24	NUM
afbr-299	130	9	in	in	ADP
afbr-299	130	10	order	order	NOUN
afbr-299	130	11	to	to	PART
afbr-299	130	12	find	find	VERB
afbr-299	130	13	the	the	DET
afbr-299	130	14	causality	causality	NOUN
afbr-299	130	15	relationship	relationship	NOUN
afbr-299	130	16	between	between	ADP
afbr-299	130	17	the	the	DET
afbr-299	130	18	main	main	ADJ
afbr-299	130	19	variables	variable	NOUN
afbr-299	131	1	,	,	PUNCT
afbr-299	131	2	the	the	DET
afbr-299	131	3	triangle	triangle	NOUN
afbr-299	131	4	below	below	ADV
afbr-299	131	5	is	be	AUX
afbr-299	131	6	important	important	ADJ
afbr-299	131	7	.	.	PUNCT
afbr-299	132	1	that	that	PRON
afbr-299	132	2	is	be	AUX
afbr-299	132	3	to	to	PART
afbr-299	132	4	say	say	VERB
afbr-299	132	5	,	,	PUNCT
afbr-299	132	6	we	we	PRON
afbr-299	132	7	want	want	VERB
afbr-299	132	8	to	to	PART
afbr-299	132	9	know	know	VERB
afbr-299	132	10	which	which	PRON
afbr-299	132	11	of	of	ADP
afbr-299	132	12	the	the	DET
afbr-299	132	13	three	three	NUM
afbr-299	132	14	variables	variable	NOUN
afbr-299	132	15	of	of	ADP
afbr-299	132	16	the	the	DET
afbr-299	132	17	foreign	foreign	ADJ
afbr-299	132	18	exchange	exchange	NOUN
afbr-299	132	19	rate	rate	NOUN
afbr-299	132	20	,	,	PUNCT
afbr-299	132	21	price	price	NOUN
afbr-299	132	22	,	,	PUNCT
afbr-299	132	23	and	and	CCONJ
afbr-299	132	24	liquidity	liquidity	NOUN
afbr-299	132	25	is	be	AUX
afbr-299	132	26	the	the	DET
afbr-299	132	27	cause	cause	NOUN
afbr-299	132	28	of	of	ADP
afbr-299	132	29	changes	change	NOUN
afbr-299	132	30	in	in	ADP
afbr-299	132	31	other	other	ADJ
afbr-299	132	32	variables	variable	NOUN
afbr-299	132	33	and	and	CCONJ
afbr-299	132	34	how	how	SCONJ
afbr-299	132	35	deep	deep	ADJ
afbr-299	132	36	this	this	DET
afbr-299	132	37	effect	effect	NOUN
afbr-299	132	38	is	be	AUX
afbr-299	132	39	and	and	CCONJ
afbr-299	132	40	then	then	ADV
afbr-299	132	41	,	,	PUNCT
afbr-299	132	42	find	find	VERB
afbr-299	132	43	out	out	ADP
afbr-299	132	44	which	which	PRON
afbr-299	132	45	variable	variable	ADJ
afbr-299	132	46	works	work	VERB
afbr-299	132	47	as	as	ADP
afbr-299	132	48	a	a	DET
afbr-299	132	49	catalyst	catalyst	NOUN
afbr-299	132	50	.	.	PUNCT
afbr-299	133	1	liquidity	liquidity	NOUN
afbr-299	133	2	foreign	foreign	ADJ
afbr-299	133	3	exchange	exchange	NOUN
afbr-299	133	4	rate	rate	NOUN
afbr-299	133	5	price	price	NOUN
afbr-299	133	6	level	level	NOUN
afbr-299	133	7	5.triangular	5.triangular	NUM
afbr-299	133	8	causality	causality	NOUN
afbr-299	133	9	to	to	PART
afbr-299	133	10	solve	solve	VERB
afbr-299	133	11	the	the	DET
afbr-299	133	12	model	model	NOUN
afbr-299	134	1	,	,	PUNCT
afbr-299	134	2	we	we	PRON
afbr-299	134	3	explain	explain	VERB
afbr-299	134	4	the	the	DET
afbr-299	134	5	triangular	triangular	NOUN
afbr-299	134	6	causality	causality	NOUN
afbr-299	134	7	relationship	relationship	NOUN
afbr-299	134	8	.	.	PUNCT
afbr-299	135	1	we	we	PRON
afbr-299	135	2	want	want	VERB
afbr-299	135	3	to	to	PART
afbr-299	135	4	know	know	VERB
afbr-299	135	5	how	how	SCONJ
afbr-299	135	6	the	the	DET
afbr-299	135	7	three	three	NUM
afbr-299	135	8	variables	variable	NOUN
afbr-299	135	9	,	,	PUNCT
afbr-299	135	10	x	x	X
afbr-299	135	11	,	,	PUNCT
afbr-299	135	12	y	y	PROPN
afbr-299	135	13	,	,	PUNCT
afbr-299	135	14	and	and	CCONJ
afbr-299	135	15	z	z	NOUN
afbr-299	135	16	,	,	PUNCT
afbr-299	135	17	affect	affect	VERB
afbr-299	135	18	each	each	DET
afbr-299	135	19	other	other	ADJ
afbr-299	135	20	.	.	PUNCT
afbr-299	136	1	on	on	ADP
afbr-299	136	2	the	the	DET
afbr-299	136	3	basis	basis	NOUN
afbr-299	136	4	of	of	ADP
afbr-299	136	5	previous	previous	ADJ
afbr-299	136	6	definitions	definition	NOUN
afbr-299	136	7	,	,	PUNCT
afbr-299	136	8	we	we	PRON
afbr-299	136	9	define	define	VERB
afbr-299	136	10	:	:	PUNCT
afbr-299	136	11	1	1	NUM
afbr-299	136	12	.	.	X
afbr-299	136	13	one	one	NUM
afbr-299	136	14	way	way	NOUN
afbr-299	136	15	chain	chain	NOUN
afbr-299	136	16	relationship	relationship	NOUN
afbr-299	136	17	if	if	SCONJ
afbr-299	136	18	:	:	PUNCT
afbr-299	136	19	ax	ax	NOUN
afbr-299	136	20	affects	affect	VERB
afbr-299	136	21	y	y	PROPN
afbr-299	136	22	by	by	ADV
afbr-299	136	23	does	do	AUX
afbr-299	136	24	not	not	PART
afbr-299	136	25	affect	affect	VERB
afbr-299	136	26	x	x	PUNCT
afbr-299	136	27	cy	cy	PROPN
afbr-299	136	28	affects	affect	VERB
afbr-299	136	29	z	z	PROPN
afbr-299	136	30	dz	dz	PROPN
afbr-299	136	31	does	do	AUX
afbr-299	136	32	not	not	PART
afbr-299	136	33	affect	affect	VERB
afbr-299	136	34	t	t	PROPN
afbr-299	136	35	ex	ex	X
afbr-299	136	36	affects	affect	VERB
afbr-299	136	37	z	z	NOUN
afbr-299	136	38	(	(	PUNCT
afbr-299	136	39	through	through	ADP
afbr-299	136	40	y	y	PROPN
afbr-299	136	41	)	)	PUNCT
afbr-299	136	42	fz	fz	NOUN
afbr-299	136	43	does	do	AUX
afbr-299	136	44	not	not	PART
afbr-299	136	45	affect	affect	VERB
afbr-299	136	46	z	z	NOUN
afbr-299	136	47	we	we	PRON
afbr-299	136	48	say	say	VERB
afbr-299	136	49	that	that	SCONJ
afbr-299	136	50	there	there	PRON
afbr-299	136	51	is	be	VERB
afbr-299	136	52	a	a	DET
afbr-299	136	53	one	one	NUM
afbr-299	136	54	-	-	PUNCT
afbr-299	136	55	way	way	NOUN
afbr-299	136	56	relationship	relationship	NOUN
afbr-299	136	57	from	from	ADP
afbr-299	136	58	x	x	PUNCT
afbr-299	136	59	to	to	ADP
afbr-299	136	60	y	y	PROPN
afbr-299	136	61	and	and	CCONJ
afbr-299	136	62	to	to	ADP
afbr-299	136	63	z	z	NOUN
afbr-299	136	64	:	:	PUNCT
afbr-299	136	65	x	x	SYM
afbr-299	136	66	y	y	PROPN
afbr-299	136	67	z	z	PROPN
afbr-299	136	68	for	for	ADP
afbr-299	136	69	example	example	NOUN
afbr-299	136	70	,	,	PUNCT
afbr-299	136	71	rain	rain	NOUN
afbr-299	136	72	(	(	PUNCT
afbr-299	136	73	x	x	X
afbr-299	136	74	)	)	PUNCT
afbr-299	136	75	increases	increase	VERB
afbr-299	136	76	water	water	NOUN
afbr-299	136	77	(	(	PUNCT
afbr-299	136	78	y	y	NOUN
afbr-299	136	79	)	)	PUNCT
afbr-299	136	80	,	,	PUNCT
afbr-299	136	81	and	and	CCONJ
afbr-299	136	82	water	water	NOUN
afbr-299	136	83	grows	grow	VERB
afbr-299	136	84	the	the	DET
afbr-299	136	85	plants	plant	NOUN
afbr-299	136	86	(	(	PUNCT
afbr-299	136	87	z	z	NOUN
afbr-299	136	88	)	)	PUNCT
afbr-299	136	89	.	.	PUNCT
afbr-299	137	1	2	2	X
afbr-299	137	2	.	.	X
afbr-299	137	3	two	two	NUM
afbr-299	137	4	to	to	ADP
afbr-299	137	5	one	one	NUM
afbr-299	137	6	,	,	PUNCT
afbr-299	137	7	one	one	NUM
afbr-299	137	8	-	-	PUNCT
afbr-299	137	9	way	way	NOUN
afbr-299	137	10	relationship	relationship	NOUN
afbr-299	137	11	if	if	SCONJ
afbr-299	137	12	:	:	PUNCT
afbr-299	137	13	ax	ax	NOUN
afbr-299	137	14	does	do	AUX
afbr-299	137	15	not	not	PART
afbr-299	137	16	affect	affect	VERB
afbr-299	137	17	y	y	PROPN
afbr-299	137	18	by	by	ADP
afbr-299	137	19	affects	affect	VERB
afbr-299	137	20	x	x	PROPN
afbr-299	137	21	cx	cx	PROPN
afbr-299	137	22	affects	affect	VERB
afbr-299	137	23	z	z	PROPN
afbr-299	137	24	dz	dz	PROPN
afbr-299	137	25	does	do	AUX
afbr-299	137	26	not	not	PART
afbr-299	137	27	affect	affect	VERB
afbr-299	137	28	x	x	PUNCT
afbr-299	137	29	ey	ey	PRON
afbr-299	137	30	affects	affect	NOUN
afbr-299	137	31	z	z	PROPN
afbr-299	137	32	fz	fz	NOUN
afbr-299	137	33	does	do	AUX
afbr-299	137	34	not	not	PART
afbr-299	137	35	affect	affect	VERB
afbr-299	137	36	y	y	PRON
afbr-299	137	37	we	we	PRON
afbr-299	137	38	say	say	VERB
afbr-299	137	39	both	both	DET
afbr-299	137	40	x	x	X
afbr-299	137	41	and	and	CCONJ
afbr-299	137	42	y	y	PROPN
afbr-299	137	43	affect	affect	VERB
afbr-299	137	44	z	z	NOUN
afbr-299	137	45	:	:	PUNCT
afbr-299	137	46	x	x	SYM
afbr-299	137	47	z	z	X
afbr-299	137	48	y	y	PROPN
afbr-299	137	49	for	for	ADP
afbr-299	137	50	example	example	NOUN
afbr-299	137	51	,	,	PUNCT
afbr-299	137	52	rain	rain	NOUN
afbr-299	137	53	(	(	PUNCT
afbr-299	137	54	x	x	NOUN
afbr-299	137	55	)	)	PUNCT
afbr-299	137	56	and	and	CCONJ
afbr-299	137	57	sunshine	sunshine	NOUN
afbr-299	137	58	(	(	PUNCT
afbr-299	137	59	y	y	NOUN
afbr-299	137	60	)	)	PUNCT
afbr-299	137	61	cause	cause	VERB
afbr-299	137	62	plants	plant	NOUN
afbr-299	137	63	(	(	PUNCT
afbr-299	137	64	z	z	NOUN
afbr-299	137	65	)	)	PUNCT
afbr-299	137	66	grow	grow	VERB
afbr-299	137	67	.	.	PUNCT
afbr-299	138	1	3causality	3causality	NUM
afbr-299	138	2	relationship	relationship	NOUN
afbr-299	138	3	with	with	ADP
afbr-299	138	4	,	,	PUNCT
afbr-299	138	5	or	or	CCONJ
afbr-299	138	6	without	without	ADP
afbr-299	138	7	catalyst	catalyst	NOUN
afbr-299	138	8	,	,	PUNCT
afbr-299	138	9	if	if	SCONJ
afbr-299	138	10	:	:	PUNCT
afbr-299	138	11	http://www.cribfb.com/journal/index.php/afbr	http://www.cribfb.com/journal/index.php/afbr	NOUN
afbr-299	138	12	copyright	copyright	NOUN
afbr-299	139	1	©	©	PROPN
afbr-299	139	2	cc	cc	PROPN
afbr-299	139	3	-	-	PUNCT
afbr-299	139	4	by	by	ADP
afbr-299	139	5	-	-	PUNCT
afbr-299	139	6	nc	nc	PROPN
afbr-299	139	7	2019	2019	NUM
afbr-299	139	8	,	,	PUNCT
afbr-299	139	9	cribfb	cribfb	PROPN
afbr-299	139	10	|	|	ADV
afbr-299	139	11	afbr	afbr	PROPN
afbr-299	139	12	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADJ
afbr-299	139	13	australian	australian	ADJ
afbr-299	139	14	finance	finance	PROPN
afbr-299	139	15	&	&	CCONJ
afbr-299	139	16	banking	banking	PROPN
afbr-299	139	17	review	review	PROPN
afbr-299	139	18	vol	vol	NOUN
afbr-299	139	19	.	.	PROPN
afbr-299	140	1	3	3	NUM
afbr-299	140	2	,	,	PUNCT
afbr-299	140	3	no	no	INTJ
afbr-299	140	4	.	.	NOUN
afbr-299	140	5	1	1	NUM
afbr-299	140	6	;	;	PUNCT
afbr-299	140	7	2019	2019	NUM
afbr-299	140	8	25	25	NUM
afbr-299	140	9	ax	ax	NOUN
afbr-299	140	10	affects	affect	VERB
afbr-299	140	11	y	y	PROPN
afbr-299	140	12	by	by	ADV
afbr-299	140	13	does	do	AUX
afbr-299	140	14	not	not	PART
afbr-299	140	15	affect	affect	VERB
afbr-299	140	16	x	x	PUNCT
afbr-299	140	17	cy	cy	PROPN
afbr-299	140	18	affects	affect	VERB
afbr-299	140	19	z	z	PROPN
afbr-299	140	20	dz	dz	PROPN
afbr-299	140	21	does	do	AUX
afbr-299	140	22	not	not	PART
afbr-299	140	23	affect	affect	VERB
afbr-299	140	24	y	y	PROPN
afbr-299	140	25	ex	ex	X
afbr-299	140	26	affects	affect	VERB
afbr-299	140	27	z	z	NOUN
afbr-299	140	28	(	(	PUNCT
afbr-299	140	29	with	with	ADP
afbr-299	140	30	,	,	PUNCT
afbr-299	140	31	or	or	CCONJ
afbr-299	140	32	without	without	ADP
afbr-299	140	33	catalyst	catalyst	NOUN
afbr-299	140	34	)	)	PUNCT
afbr-299	140	35	fz	fz	PROPN
afbr-299	140	36	does	do	AUX
afbr-299	140	37	not	not	PART
afbr-299	140	38	affect	affect	VERB
afbr-299	140	39	z	z	NOUN
afbr-299	140	40	we	we	PRON
afbr-299	140	41	say	say	VERB
afbr-299	140	42	that	that	SCONJ
afbr-299	140	43	there	there	PRON
afbr-299	140	44	is	be	VERB
afbr-299	140	45	a	a	DET
afbr-299	140	46	one	one	NUM
afbr-299	140	47	-	-	PUNCT
afbr-299	140	48	way	way	NOUN
afbr-299	140	49	relationship	relationship	NOUN
afbr-299	140	50	from	from	ADP
afbr-299	140	51	x	x	PUNCT
afbr-299	140	52	to	to	ADP
afbr-299	140	53	y	y	PROPN
afbr-299	140	54	and	and	CCONJ
afbr-299	140	55	z.	z.	PROPN
afbr-299	140	56	that	that	PRON
afbr-299	140	57	is	be	AUX
afbr-299	140	58	to	to	PART
afbr-299	140	59	say	say	VERB
afbr-299	140	60	:	:	PUNCT
afbr-299	140	61	x	x	SYM
afbr-299	140	62	z	z	X
afbr-299	140	63	y	y	PROPN
afbr-299	140	64	for	for	ADP
afbr-299	140	65	example	example	NOUN
afbr-299	140	66	,	,	PUNCT
afbr-299	140	67	rain	rain	NOUN
afbr-299	140	68	(	(	PUNCT
afbr-299	140	69	x	x	X
afbr-299	140	70	)	)	PUNCT
afbr-299	140	71	causes	cause	VERB
afbr-299	140	72	the	the	DET
afbr-299	140	73	growth	growth	NOUN
afbr-299	140	74	of	of	ADP
afbr-299	140	75	plants	plant	NOUN
afbr-299	140	76	(	(	PUNCT
afbr-299	140	77	z	z	NOUN
afbr-299	140	78	)	)	PUNCT
afbr-299	140	79	and	and	CCONJ
afbr-299	140	80	increase	increase	NOUN
afbr-299	140	81	of	of	ADP
afbr-299	140	82	humidity	humidity	NOUN
afbr-299	140	83	(	(	PUNCT
afbr-299	140	84	y	y	NOUN
afbr-299	140	85	)	)	PUNCT
afbr-299	140	86	,	,	PUNCT
afbr-299	140	87	and	and	CCONJ
afbr-299	140	88	humidity	humidity	NOUN
afbr-299	140	89	(	(	PUNCT
afbr-299	140	90	y	y	NOUN
afbr-299	140	91	)	)	PUNCT
afbr-299	140	92	also	also	ADV
afbr-299	140	93	helps	help	VERB
afbr-299	140	94	the	the	DET
afbr-299	140	95	growth	growth	NOUN
afbr-299	140	96	of	of	ADP
afbr-299	140	97	plants	plant	NOUN
afbr-299	140	98	.	.	PUNCT
afbr-299	141	1	4annular	4annular	NUM
afbr-299	141	2	causality	causality	NOUN
afbr-299	141	3	relationship	relationship	NOUN
afbr-299	141	4	,	,	PUNCT
afbr-299	141	5	if	if	SCONJ
afbr-299	141	6	:	:	PUNCT
afbr-299	141	7	ax	ax	NOUN
afbr-299	141	8	affects	affect	VERB
afbr-299	141	9	y	y	PROPN
afbr-299	141	10	by	by	ADV
afbr-299	141	11	does	do	AUX
afbr-299	141	12	not	not	PART
afbr-299	141	13	affect	affect	VERB
afbr-299	141	14	x	x	PUNCT
afbr-299	141	15	cy	cy	PROPN
afbr-299	141	16	affects	affect	VERB
afbr-299	141	17	z	z	PROPN
afbr-299	141	18	dz	dz	PROPN
afbr-299	141	19	does	do	AUX
afbr-299	141	20	not	not	PART
afbr-299	141	21	affect	affect	VERB
afbr-299	141	22	y	y	PROPN
afbr-299	141	23	ex	ex	PROPN
afbr-299	141	24	does	do	AUX
afbr-299	141	25	not	not	PART
afbr-299	141	26	affect	affect	VERB
afbr-299	141	27	z	z	PROPN
afbr-299	141	28	fz	fz	PROPN
afbr-299	141	29	affects	affect	VERB
afbr-299	141	30	x	x	PUNCT
afbr-299	141	31	x	x	SYM
afbr-299	141	32	z	z	VERB
afbr-299	141	33	y	y	PROPN
afbr-299	141	34	for	for	ADP
afbr-299	141	35	example	example	NOUN
afbr-299	141	36	,	,	PUNCT
afbr-299	141	37	income	income	NOUN
afbr-299	141	38	(	(	PUNCT
afbr-299	141	39	x	x	NOUN
afbr-299	141	40	)	)	PUNCT
afbr-299	141	41	,	,	PUNCT
afbr-299	141	42	causes	cause	VERB
afbr-299	141	43	investment	investment	NOUN
afbr-299	141	44	(	(	PUNCT
afbr-299	141	45	y	y	NOUN
afbr-299	141	46	)	)	PUNCT
afbr-299	141	47	and	and	CCONJ
afbr-299	141	48	investment	investment	NOUN
afbr-299	141	49	(	(	PUNCT
afbr-299	141	50	y	y	NOUN
afbr-299	141	51	)	)	PUNCT
afbr-299	141	52	creates	create	VERB
afbr-299	141	53	employment	employment	NOUN
afbr-299	141	54	(	(	PUNCT
afbr-299	141	55	z	z	NOUN
afbr-299	141	56	)	)	PUNCT
afbr-299	141	57	,	,	PUNCT
afbr-299	141	58	and	and	CCONJ
afbr-299	141	59	employment	employment	NOUN
afbr-299	141	60	again	again	ADV
afbr-299	141	61	creates	create	VERB
afbr-299	141	62	more	more	ADJ
afbr-299	141	63	income	income	NOUN
afbr-299	141	64	(	(	PUNCT
afbr-299	141	65	x	x	NOUN
afbr-299	141	66	)	)	PUNCT
afbr-299	141	67	.	.	PUNCT
afbr-299	142	1	5annular	5annular	NUM
afbr-299	142	2	one	one	NUM
afbr-299	142	3	-	-	PUNCT
afbr-299	142	4	way	way	NOUN
afbr-299	142	5	causality	causality	NOUN
afbr-299	142	6	relationship	relationship	NOUN
afbr-299	142	7	with	with	ADP
afbr-299	142	8	partial	partial	ADJ
afbr-299	142	9	feedback	feedback	NOUN
afbr-299	142	10	,	,	PUNCT
afbr-299	142	11	if	if	SCONJ
afbr-299	142	12	:	:	PUNCT
afbr-299	142	13	ax	ax	NOUN
afbr-299	142	14	affects	affect	VERB
afbr-299	142	15	y	y	PROPN
afbr-299	142	16	by	by	ADV
afbr-299	142	17	does	do	AUX
afbr-299	142	18	not	not	PART
afbr-299	142	19	affect	affect	VERB
afbr-299	142	20	x	x	PUNCT
afbr-299	142	21	cy	cy	PROPN
afbr-299	142	22	affects	affect	VERB
afbr-299	142	23	z	z	PROPN
afbr-299	142	24	dz	dz	PROPN
afbr-299	142	25	affects	affect	VERB
afbr-299	142	26	y	y	PROPN
afbr-299	142	27	http://www.cribfb.com/journal/index.php/afbr	http://www.cribfb.com/journal/index.php/afbr	NOUN
afbr-299	142	28	copyright	copyright	NOUN
afbr-299	143	1	©	©	PROPN
afbr-299	143	2	cc	cc	PROPN
afbr-299	143	3	-	-	PUNCT
afbr-299	143	4	by	by	ADP
afbr-299	143	5	-	-	PUNCT
afbr-299	143	6	nc	nc	PROPN
afbr-299	143	7	2019	2019	NUM
afbr-299	143	8	,	,	PUNCT
afbr-299	143	9	cribfb	cribfb	PROPN
afbr-299	143	10	|	|	ADV
afbr-299	143	11	afbr	afbr	PROPN
afbr-299	143	12	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADJ
afbr-299	143	13	australian	australian	ADJ
afbr-299	143	14	finance	finance	PROPN
afbr-299	143	15	&	&	CCONJ
afbr-299	143	16	banking	banking	PROPN
afbr-299	143	17	review	review	PROPN
afbr-299	143	18	vol	vol	NOUN
afbr-299	143	19	.	.	PROPN
afbr-299	144	1	3	3	NUM
afbr-299	144	2	,	,	PUNCT
afbr-299	144	3	no	no	INTJ
afbr-299	144	4	.	.	NOUN
afbr-299	144	5	1	1	NUM
afbr-299	144	6	;	;	PUNCT
afbr-299	144	7	2019	2019	NUM
afbr-299	144	8	26	26	NUM
afbr-299	144	9	ex	ex	NOUN
afbr-299	144	10	affects	affect	VERB
afbr-299	144	11	z	z	PROPN
afbr-299	144	12	(	(	PUNCT
afbr-299	144	13	indirectly	indirectly	ADV
afbr-299	144	14	)	)	PUNCT
afbr-299	144	15	fz	fz	NOUN
afbr-299	144	16	does	do	AUX
afbr-299	144	17	not	not	PART
afbr-299	144	18	affect	affect	VERB
afbr-299	144	19	x	x	X
afbr-299	144	20	x	x	SYM
afbr-299	144	21	z	z	NOUN
afbr-299	144	22	y	y	PROPN
afbr-299	144	23	6annular	6annular	NUM
afbr-299	144	24	causality	causality	NOUN
afbr-299	144	25	relationship	relationship	NOUN
afbr-299	144	26	with	with	ADP
afbr-299	144	27	complete	complete	ADJ
afbr-299	144	28	feedback	feedback	NOUN
afbr-299	144	29	,	,	PUNCT
afbr-299	144	30	if	if	SCONJ
afbr-299	144	31	:	:	PUNCT
afbr-299	144	32	ax	ax	NOUN
afbr-299	144	33	affects	affect	VERB
afbr-299	144	34	y	y	PROPN
afbr-299	144	35	by	by	ADP
afbr-299	144	36	affects	affect	NOUN
afbr-299	144	37	x	x	X
afbr-299	144	38	cy	cy	PROPN
afbr-299	144	39	affects	affect	VERB
afbr-299	144	40	z	z	PROPN
afbr-299	144	41	dz	dz	PROPN
afbr-299	144	42	affects	affect	VERB
afbr-299	144	43	y	y	PROPN
afbr-299	144	44	ex	ex	X
afbr-299	144	45	affects	affect	VERB
afbr-299	144	46	z	z	NOUN
afbr-299	144	47	(	(	PUNCT
afbr-299	144	48	indirectly	indirectly	ADV
afbr-299	144	49	)	)	PUNCT
afbr-299	144	50	fz	fz	NOUN
afbr-299	144	51	does	do	AUX
afbr-299	144	52	not	not	PART
afbr-299	144	53	affect	affect	VERB
afbr-299	144	54	x	x	PUNCT
afbr-299	144	55	(	(	PUNCT
afbr-299	144	56	indirectly	indirectly	ADV
afbr-299	144	57	)	)	PUNCT
afbr-299	144	58	x	x	PROPN
afbr-299	145	1	y	y	PROPN
afbr-299	145	2	z	z	PROPN
afbr-299	145	3	for	for	ADP
afbr-299	145	4	example	example	NOUN
afbr-299	145	5	,	,	PUNCT
afbr-299	145	6	humidity	humidity	NOUN
afbr-299	145	7	(	(	PUNCT
afbr-299	145	8	x	x	NOUN
afbr-299	145	9	)	)	PUNCT
afbr-299	145	10	causes	cause	VERB
afbr-299	145	11	plants	plant	NOUN
afbr-299	145	12	(	(	PUNCT
afbr-299	145	13	y	y	NOUN
afbr-299	145	14	)	)	PUNCT
afbr-299	145	15	to	to	PART
afbr-299	145	16	grow	grow	VERB
afbr-299	145	17	,	,	PUNCT
afbr-299	145	18	and	and	CCONJ
afbr-299	145	19	the	the	DET
afbr-299	145	20	growth	growth	NOUN
afbr-299	145	21	of	of	ADP
afbr-299	145	22	plants	plant	NOUN
afbr-299	145	23	causes	cause	VERB
afbr-299	145	24	the	the	DET
afbr-299	145	25	increase	increase	NOUN
afbr-299	145	26	of	of	ADP
afbr-299	145	27	humidity	humidity	NOUN
afbr-299	145	28	(	(	PUNCT
afbr-299	145	29	x	x	NOUN
afbr-299	145	30	)	)	PUNCT
afbr-299	145	31	.	.	PUNCT
afbr-299	146	1	but	but	CCONJ
afbr-299	146	2	the	the	DET
afbr-299	146	3	growth	growth	NOUN
afbr-299	146	4	of	of	ADP
afbr-299	146	5	plants	plant	NOUN
afbr-299	146	6	(	(	PUNCT
afbr-299	146	7	y	y	NOUN
afbr-299	146	8	)	)	PUNCT
afbr-299	146	9	creates	create	VERB
afbr-299	146	10	natural	natural	ADJ
afbr-299	146	11	fertilizer	fertilizer	NOUN
afbr-299	146	12	(	(	PUNCT
afbr-299	146	13	z	z	NOUN
afbr-299	146	14	)	)	PUNCT
afbr-299	146	15	,	,	PUNCT
afbr-299	146	16	and	and	CCONJ
afbr-299	146	17	fertilizer	fertilizer	NOUN
afbr-299	146	18	causes	cause	VERB
afbr-299	146	19	more	more	ADJ
afbr-299	146	20	growth	growth	NOUN
afbr-299	146	21	of	of	ADP
afbr-299	146	22	plants	plant	NOUN
afbr-299	146	23	(	(	PUNCT
afbr-299	146	24	y	y	NOUN
afbr-299	146	25	)	)	PUNCT
afbr-299	146	26	,	,	PUNCT
afbr-299	146	27	and	and	CCONJ
afbr-299	146	28	the	the	DET
afbr-299	146	29	creation	creation	NOUN
afbr-299	146	30	of	of	ADP
afbr-299	146	31	natural	natural	ADJ
afbr-299	146	32	fertilizer	fertilizer	NOUN
afbr-299	146	33	also	also	ADV
afbr-299	146	34	directly	directly	ADV
afbr-299	146	35	increases	increase	VERB
afbr-299	146	36	the	the	DET
afbr-299	146	37	humidity	humidity	NOUN
afbr-299	146	38	(	(	PUNCT
afbr-299	146	39	z	z	NOUN
afbr-299	146	40	)	)	PUNCT
afbr-299	146	41	.	.	PUNCT
afbr-299	147	1	7the	7the	NUM
afbr-299	147	2	causality	causality	NOUN
afbr-299	147	3	effect	effect	NOUN
afbr-299	147	4	of	of	ADP
afbr-299	147	5	one	one	NUM
afbr-299	147	6	to	to	ADP
afbr-299	147	7	two	two	NUM
afbr-299	147	8	with	with	ADP
afbr-299	147	9	one	one	NUM
afbr-299	147	10	feedback	feedback	NOUN
afbr-299	147	11	,	,	PUNCT
afbr-299	147	12	if	if	SCONJ
afbr-299	147	13	:	:	PUNCT
afbr-299	147	14	a	a	DET
afbr-299	147	15	x	x	PUNCT
afbr-299	147	16	affects	affect	VERB
afbr-299	147	17	y	y	PROPN
afbr-299	147	18	by	by	ADV
afbr-299	147	19	does	do	AUX
afbr-299	147	20	not	not	PART
afbr-299	147	21	affect	affect	VERB
afbr-299	147	22	x	x	X
afbr-299	147	23	c	c	NOUN
afbr-299	147	24	y	y	PROPN
afbr-299	147	25	affects	affect	VERB
afbr-299	147	26	z	z	NOUN
afbr-299	147	27	dz	dz	PROPN
afbr-299	147	28	affects	affect	VERB
afbr-299	147	29	y	y	PROPN
afbr-299	147	30	e	e	PROPN
afbr-299	147	31	x	x	PUNCT
afbr-299	147	32	affects	affect	VERB
afbr-299	147	33	z	z	PROPN
afbr-299	148	1	f	f	PROPN
afbr-299	148	2	z	z	NOUN
afbr-299	148	3	does	do	AUX
afbr-299	148	4	not	not	PART
afbr-299	148	5	affect	affect	VERB
afbr-299	148	6	x	x	PUNCT
afbr-299	148	7	(	(	PUNCT
afbr-299	148	8	directly	directly	ADV
afbr-299	148	9	)	)	PUNCT
afbr-299	148	10	x	x	SYM
afbr-299	148	11	z	z	VERB
afbr-299	148	12	y	y	PROPN
afbr-299	148	13	8causality	8causality	NUM
afbr-299	148	14	effect	effect	NOUN
afbr-299	148	15	of	of	ADP
afbr-299	148	16	one	one	NUM
afbr-299	148	17	on	on	ADP
afbr-299	148	18	two	two	NUM
afbr-299	148	19	(	(	PUNCT
afbr-299	148	20	with	with	ADP
afbr-299	148	21	two	two	NUM
afbr-299	148	22	feedbacks	feedback	NOUN
afbr-299	148	23	)	)	PUNCT
afbr-299	148	24	,	,	PUNCT
afbr-299	148	25	if	if	SCONJ
afbr-299	148	26	:	:	PUNCT
afbr-299	148	27	ax	ax	NOUN
afbr-299	148	28	affects	affect	VERB
afbr-299	148	29	y	y	PROPN
afbr-299	148	30	by	by	ADP
afbr-299	148	31	affects	affect	NOUN
afbr-299	148	32	x	x	X
afbr-299	148	33	cy	cy	PROPN
afbr-299	148	34	affects	affect	VERB
afbr-299	148	35	z	z	PROPN
afbr-299	148	36	dz	dz	PROPN
afbr-299	148	37	affects	affect	VERB
afbr-299	148	38	y	y	PROPN
afbr-299	148	39	http://www.cribfb.com/journal/index.php/afbr	http://www.cribfb.com/journal/index.php/afbr	NOUN
afbr-299	149	1	copyright	copyright	NOUN
afbr-299	149	2	©	©	PROPN
afbr-299	149	3	cc	cc	PROPN
afbr-299	149	4	-	-	PUNCT
afbr-299	149	5	by	by	ADP
afbr-299	149	6	-	-	PUNCT
afbr-299	149	7	nc	nc	PROPN
afbr-299	149	8	2019	2019	NUM
afbr-299	149	9	,	,	PUNCT
afbr-299	149	10	cribfb	cribfb	PROPN
afbr-299	149	11	|	|	ADV
afbr-299	149	12	afbr	afbr	PROPN
afbr-299	149	13	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADJ
afbr-299	149	14	australian	australian	ADJ
afbr-299	149	15	finance	finance	PROPN
afbr-299	149	16	&	&	CCONJ
afbr-299	149	17	banking	banking	PROPN
afbr-299	149	18	review	review	PROPN
afbr-299	149	19	vol	vol	NOUN
afbr-299	149	20	.	.	PROPN
afbr-299	150	1	3	3	NUM
afbr-299	150	2	,	,	PUNCT
afbr-299	150	3	no	no	INTJ
afbr-299	150	4	.	.	NOUN
afbr-299	150	5	1	1	NUM
afbr-299	150	6	;	;	PUNCT
afbr-299	150	7	2019	2019	NUM
afbr-299	150	8	27	27	NUM
afbr-299	150	9	ex	ex	NOUN
afbr-299	150	10	affects	affect	VERB
afbr-299	150	11	z	z	NOUN
afbr-299	150	12	(	(	PUNCT
afbr-299	150	13	directly	directly	ADV
afbr-299	150	14	)	)	PUNCT
afbr-299	150	15	fz	fz	NOUN
afbr-299	150	16	does	do	AUX
afbr-299	150	17	not	not	PART
afbr-299	150	18	affect	affect	VERB
afbr-299	150	19	x	x	PUNCT
afbr-299	150	20	(	(	PUNCT
afbr-299	150	21	directly	directly	ADV
afbr-299	150	22	)	)	PUNCT
afbr-299	150	23	x	x	SYM
afbr-299	150	24	z	z	PUNCT
afbr-299	150	25	y	y	PROPN
afbr-299	150	26	9annular	9annular	NUM
afbr-299	150	27	causality	causality	NOUN
afbr-299	150	28	effect	effect	NOUN
afbr-299	150	29	with	with	ADP
afbr-299	150	30	one	one	NUM
afbr-299	150	31	feedback	feedback	NOUN
afbr-299	150	32	,	,	PUNCT
afbr-299	150	33	if	if	SCONJ
afbr-299	150	34	:	:	PUNCT
afbr-299	150	35	ax	ax	NOUN
afbr-299	150	36	does	do	AUX
afbr-299	150	37	not	not	PART
afbr-299	150	38	affect	affect	VERB
afbr-299	150	39	y	y	PROPN
afbr-299	150	40	(	(	PUNCT
afbr-299	150	41	directly	directly	ADV
afbr-299	150	42	)	)	PUNCT
afbr-299	150	43	by	by	ADP
afbr-299	150	44	affects	affect	NOUN
afbr-299	150	45	x	x	AUX
afbr-299	150	46	ct	ct	PROPN
afbr-299	150	47	does	do	AUX
afbr-299	150	48	not	not	PART
afbr-299	150	49	affect	affect	VERB
afbr-299	150	50	z	z	NOUN
afbr-299	150	51	(	(	PUNCT
afbr-299	150	52	directly	directly	ADV
afbr-299	150	53	)	)	PUNCT
afbr-299	150	54	dz	dz	PROPN
afbr-299	150	55	affects	affect	VERB
afbr-299	150	56	y	y	PROPN
afbr-299	150	57	ex	ex	X
afbr-299	150	58	affects	affect	VERB
afbr-299	150	59	z	z	NOUN
afbr-299	150	60	(	(	PUNCT
afbr-299	150	61	directly	directly	ADV
afbr-299	150	62	)	)	PUNCT
afbr-299	151	1	f	f	PROPN
afbr-299	151	2	z	z	PROPN
afbr-299	151	3	affects	affect	VERB
afbr-299	151	4	x	x	INTJ
afbr-299	151	5	(	(	PUNCT
afbr-299	151	6	directly	directly	ADV
afbr-299	151	7	)	)	PUNCT
afbr-299	151	8	x	x	SYM
afbr-299	152	1	z	z	PUNCT
afbr-299	152	2	y	y	SYM
afbr-299	152	3	10annular	10annular	NUM
afbr-299	152	4	causality	causality	NOUN
afbr-299	152	5	with	with	ADP
afbr-299	152	6	complete	complete	ADJ
afbr-299	152	7	feedback	feedback	NOUN
afbr-299	152	8	,	,	PUNCT
afbr-299	152	9	if	if	SCONJ
afbr-299	152	10	:	:	PUNCT
afbr-299	152	11	ax	ax	NOUN
afbr-299	152	12	affects	affect	VERB
afbr-299	152	13	y	y	PROPN
afbr-299	152	14	(	(	PUNCT
afbr-299	152	15	direct	direct	ADJ
afbr-299	152	16	and	and	CCONJ
afbr-299	152	17	indirectly	indirectly	ADV
afbr-299	152	18	)	)	PUNCT
afbr-299	152	19	by	by	ADP
afbr-299	152	20	affects	affect	NOUN
afbr-299	152	21	x	x	INTJ
afbr-299	152	22	(	(	PUNCT
afbr-299	152	23	direct	direct	ADJ
afbr-299	152	24	and	and	CCONJ
afbr-299	152	25	indirectly	indirectly	ADV
afbr-299	152	26	)	)	PUNCT
afbr-299	153	1	cy	cy	AUX
afbr-299	153	2	affects	affect	VERB
afbr-299	153	3	z	z	NOUN
afbr-299	153	4	(	(	PUNCT
afbr-299	153	5	direct	direct	ADJ
afbr-299	153	6	and	and	CCONJ
afbr-299	153	7	indirectly	indirectly	ADV
afbr-299	153	8	)	)	PUNCT
afbr-299	153	9	dz	dz	PROPN
afbr-299	153	10	affects	affect	VERB
afbr-299	153	11	y	y	PROPN
afbr-299	153	12	(	(	PUNCT
afbr-299	153	13	direct	direct	ADJ
afbr-299	153	14	and	and	CCONJ
afbr-299	153	15	indirectly	indirectly	ADV
afbr-299	153	16	)	)	PUNCT
afbr-299	154	1	ex	ex	NOUN
afbr-299	154	2	affects	affect	VERB
afbr-299	154	3	z	z	NOUN
afbr-299	154	4	(	(	PUNCT
afbr-299	155	1	direct	direct	ADJ
afbr-299	155	2	and	and	CCONJ
afbr-299	155	3	indirectly	indirectly	ADV
afbr-299	155	4	)	)	PUNCT
afbr-299	155	5	fz	fz	PROPN
afbr-299	155	6	affects	affect	VERB
afbr-299	155	7	x	x	INTJ
afbr-299	155	8	(	(	PUNCT
afbr-299	155	9	direct	direct	ADJ
afbr-299	155	10	and	and	CCONJ
afbr-299	155	11	indirectly	indirectly	ADV
afbr-299	155	12	)	)	PUNCT
afbr-299	155	13	x	x	SYM
afbr-299	155	14	z	z	PUNCT
afbr-299	155	15	y	y	PROPN
afbr-299	155	16	http://www.cribfb.com/journal/index.php/afbr	http://www.cribfb.com/journal/index.php/afbr	NOUN
afbr-299	156	1	copyright	copyright	NOUN
afbr-299	156	2	©	©	PROPN
afbr-299	156	3	cc	cc	PROPN
afbr-299	156	4	-	-	PUNCT
afbr-299	156	5	by	by	ADP
afbr-299	156	6	-	-	PUNCT
afbr-299	156	7	nc	nc	PROPN
afbr-299	156	8	2019	2019	NUM
afbr-299	156	9	,	,	PUNCT
afbr-299	156	10	cribfb	cribfb	PROPN
afbr-299	156	11	|	|	ADV
afbr-299	156	12	afbr	afbr	PROPN
afbr-299	156	13	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADJ
afbr-299	156	14	australian	australian	ADJ
afbr-299	156	15	finance	finance	PROPN
afbr-299	156	16	&	&	CCONJ
afbr-299	156	17	banking	banking	PROPN
afbr-299	156	18	review	review	PROPN
afbr-299	156	19	vol	vol	NOUN
afbr-299	156	20	.	.	PROPN
afbr-299	157	1	3	3	NUM
afbr-299	157	2	,	,	PUNCT
afbr-299	157	3	no	no	INTJ
afbr-299	157	4	.	.	NOUN
afbr-299	157	5	1	1	NUM
afbr-299	157	6	;	;	PUNCT
afbr-299	158	1	2019	2019	NUM
afbr-299	158	2	28	28	NUM
afbr-299	158	3	6	6	NUM
afbr-299	158	4	.	.	PUNCT
afbr-299	159	1	the	the	DET
afbr-299	159	2	dynamic	dynamic	ADJ
afbr-299	159	3	causality	causality	NOUN
afbr-299	159	4	among	among	ADP
afbr-299	159	5	variables	variable	NOUN
afbr-299	159	6	(	(	PUNCT
afbr-299	159	7	practical	practical	ADJ
afbr-299	159	8	)	)	PUNCT
afbr-299	159	9	regarding	regard	VERB
afbr-299	159	10	the	the	DET
afbr-299	159	11	mentioned	mention	VERB
afbr-299	159	12	cases	case	NOUN
afbr-299	159	13	in	in	ADP
afbr-299	159	14	the	the	DET
afbr-299	159	15	previous	previous	ADJ
afbr-299	159	16	section	section	NOUN
afbr-299	159	17	,	,	PUNCT
afbr-299	159	18	by	by	ADP
afbr-299	159	19	using	use	VERB
afbr-299	159	20	the	the	DET
afbr-299	159	21	granger	granger	PROPN
afbr-299	159	22	causality	causality	PROPN
afbr-299	159	23	test	test	NOUN
afbr-299	159	24	,	,	PUNCT
afbr-299	159	25	we	we	PRON
afbr-299	159	26	test	test	VERB
afbr-299	159	27	the	the	DET
afbr-299	159	28	variables	variable	NOUN
afbr-299	159	29	two	two	NUM
afbr-299	159	30	by	by	ADP
afbr-299	159	31	two	two	NUM
afbr-299	159	32	and	and	CCONJ
afbr-299	159	33	with	with	ADP
afbr-299	159	34	different	different	ADJ
afbr-299	159	35	lags	lag	NOUN
afbr-299	159	36	.	.	PUNCT
afbr-299	160	1	the	the	DET
afbr-299	160	2	first	first	ADJ
afbr-299	160	3	group	group	NOUN
afbr-299	160	4	of	of	ADP
afbr-299	160	5	tests	test	NOUN
afbr-299	160	6	includes	include	VERB
afbr-299	160	7	testing	test	VERB
afbr-299	160	8	causality	causality	NOUN
afbr-299	160	9	among	among	ADP
afbr-299	160	10	three	three	NUM
afbr-299	160	11	variables	variable	NOUN
afbr-299	160	12	in	in	ADP
afbr-299	160	13	a	a	DET
afbr-299	160	14	range	range	NOUN
afbr-299	160	15	of	of	ADP
afbr-299	160	16	1	1	NUM
afbr-299	160	17	to	to	PART
afbr-299	160	18	24	24	NUM
afbr-299	160	19	lags	lag	NOUN
afbr-299	160	20	:	:	PUNCT
afbr-299	160	21			X
afbr-299	160	22	the	the	DET
afbr-299	160	23	first	first	ADJ
afbr-299	160	24	order	order	NOUN
afbr-299	160	25	difference	difference	NOUN
afbr-299	160	26	of	of	ADP
afbr-299	160	27	dollar	dollar	NOUN
afbr-299	160	28	rate	rate	NOUN
afbr-299	160	29	series	series	NOUN
afbr-299	160	30	with	with	ADP
afbr-299	160	31	12	12	NUM
afbr-299	160	32	months	month	NOUN
afbr-299	160	33	seasonal	seasonal	ADJ
afbr-299	160	34	adjustment	adjustment	NOUN
afbr-299	160	35	(	(	PUNCT
afbr-299	160	36	dollar	dollar	NOUN
afbr-299	160	37	)	)	PUNCT
afbr-299	160	38			NOUN
afbr-299	161	1	the	the	DET
afbr-299	161	2	first	first	ADJ
afbr-299	161	3	order	order	NOUN
afbr-299	161	4	difference	difference	NOUN
afbr-299	161	5	of	of	ADP
afbr-299	161	6	liquidity	liquidity	NOUN
afbr-299	161	7	with	with	ADP
afbr-299	161	8	12	12	NUM
afbr-299	161	9	months	month	NOUN
afbr-299	161	10	of	of	ADP
afbr-299	161	11	seasonal	seasonal	ADJ
afbr-299	161	12	adjustment	adjustment	NOUN
afbr-299	161	13	(	(	PUNCT
afbr-299	161	14	dm2112	dm2112	PROPN
afbr-299	161	15	)	)	PUNCT
afbr-299	161	16			PART
afbr-299	161	17	the	the	DET
afbr-299	161	18	first	first	ADJ
afbr-299	161	19	order	order	NOUN
afbr-299	161	20	difference	difference	NOUN
afbr-299	161	21	of	of	ADP
afbr-299	161	22	consumer	consumer	NOUN
afbr-299	161	23	price	price	NOUN
afbr-299	161	24	index	index	NOUN
afbr-299	161	25	with	with	ADP
afbr-299	161	26	12	12	NUM
afbr-299	161	27	months	month	NOUN
afbr-299	161	28	seasonal	seasonal	ADJ
afbr-299	161	29	adjustment	adjustment	NOUN
afbr-299	161	30	(	(	PUNCT
afbr-299	161	31	dcpi112	dcpi112	PROPN
afbr-299	161	32	)	)	PUNCT
afbr-299	161	33	the	the	DET
afbr-299	161	34	second	second	ADJ
afbr-299	161	35	group	group	NOUN
afbr-299	161	36	of	of	ADP
afbr-299	161	37	tests	test	NOUN
afbr-299	161	38	is	be	AUX
afbr-299	161	39	similar	similar	ADJ
afbr-299	161	40	to	to	ADP
afbr-299	161	41	the	the	DET
afbr-299	161	42	first	first	ADJ
afbr-299	161	43	group	group	NOUN
afbr-299	161	44	with	with	ADP
afbr-299	161	45	one	one	NUM
afbr-299	161	46	difference	difference	NOUN
afbr-299	161	47	that	that	PRON
afbr-299	161	48	the	the	DET
afbr-299	161	49	logarithms	logarithm	NOUN
afbr-299	161	50	of	of	ADP
afbr-299	161	51	variables	variable	NOUN
afbr-299	161	52	are	be	AUX
afbr-299	161	53	used	use	VERB
afbr-299	161	54	instead	instead	ADV
afbr-299	161	55	of	of	ADP
afbr-299	161	56	the	the	DET
afbr-299	161	57	original	original	ADJ
afbr-299	161	58	ones	one	NOUN
afbr-299	161	59	.	.	PUNCT
afbr-299	162	1	the	the	DET
afbr-299	162	2	summary	summary	NOUN
afbr-299	162	3	of	of	ADP
afbr-299	162	4	the	the	DET
afbr-299	162	5	results	result	NOUN
afbr-299	162	6	of	of	ADP
afbr-299	162	7	these	these	DET
afbr-299	162	8	tests	test	NOUN
afbr-299	162	9	is	be	AUX
afbr-299	162	10	presented	present	VERB
afbr-299	162	11	in	in	ADP
afbr-299	162	12	the	the	DET
afbr-299	162	13	next	next	ADJ
afbr-299	162	14	tables	table	NOUN
afbr-299	162	15	and	and	CCONJ
afbr-299	162	16	diagrams	diagram	NOUN
afbr-299	162	17	.	.	PUNCT
afbr-299	163	1	the	the	DET
afbr-299	163	2	table	table	NOUN
afbr-299	163	3	of	of	ADP
afbr-299	163	4	f	f	PROPN
afbr-299	163	5	statistics	statistics	PROPN
afbr-299	163	6	defines	define	VERB
afbr-299	163	7	the	the	DET
afbr-299	163	8	probability	probability	NOUN
afbr-299	163	9	of	of	ADP
afbr-299	163	10	accepting	accept	VERB
afbr-299	163	11	the	the	DET
afbr-299	163	12	null	null	ADJ
afbr-299	163	13	hypothesis	hypothesis	NOUN
afbr-299	163	14	.	.	PUNCT
afbr-299	164	1	this	this	DET
afbr-299	164	2	hypothesis	hypothesis	NOUN
afbr-299	164	3	is	be	AUX
afbr-299	164	4	defined	define	VERB
afbr-299	164	5	as	as	SCONJ
afbr-299	164	6	follows	follow	VERB
afbr-299	164	7	:	:	PUNCT
afbr-299	164	8	h0	h0	NOUN
afbr-299	164	9	:	:	PUNCT
afbr-299	164	10	the	the	DET
afbr-299	164	11	variable	variable	ADJ
afbr-299	164	12	one	one	NOUN
afbr-299	164	13	is	be	AUX
afbr-299	164	14	not	not	PART
afbr-299	164	15	the	the	DET
afbr-299	164	16	cause	cause	NOUN
afbr-299	164	17	of	of	ADP
afbr-299	164	18	the	the	DET
afbr-299	164	19	second	second	ADJ
afbr-299	164	20	variable	variable	NOUN
afbr-299	164	21	.	.	PUNCT
afbr-299	165	1	h1	h1	PROPN
afbr-299	165	2	:	:	PUNCT
afbr-299	165	3	the	the	DET
afbr-299	165	4	variable	variable	ADJ
afbr-299	165	5	one	one	NOUN
afbr-299	165	6	is	be	AUX
afbr-299	165	7	the	the	DET
afbr-299	165	8	cause	cause	NOUN
afbr-299	165	9	of	of	ADP
afbr-299	165	10	the	the	DET
afbr-299	165	11	second	second	ADJ
afbr-299	165	12	variable	variable	NOUN
afbr-299	165	13	.	.	PUNCT
afbr-299	166	1	if	if	SCONJ
afbr-299	166	2	the	the	DET
afbr-299	166	3	calculated	calculated	ADJ
afbr-299	166	4	f	f	NOUN
afbr-299	166	5	is	be	AUX
afbr-299	166	6	greater	great	ADJ
afbr-299	166	7	than	than	ADP
afbr-299	166	8	f	f	PROPN
afbr-299	166	9	in	in	ADP
afbr-299	166	10	the	the	DET
afbr-299	166	11	table	table	NOUN
afbr-299	166	12	,	,	PUNCT
afbr-299	166	13	we	we	PRON
afbr-299	166	14	reject	reject	VERB
afbr-299	166	15	the	the	DET
afbr-299	166	16	null	null	ADJ
afbr-299	166	17	hypothesis	hypothesis	NOUN
afbr-299	166	18	,	,	PUNCT
afbr-299	166	19	and	and	CCONJ
afbr-299	166	20	if	if	SCONJ
afbr-299	166	21	the	the	DET
afbr-299	166	22	calculated	calculated	ADJ
afbr-299	166	23	f	f	NOUN
afbr-299	166	24	is	be	AUX
afbr-299	166	25	smaller	small	ADJ
afbr-299	166	26	than	than	ADP
afbr-299	166	27	f	f	PROPN
afbr-299	166	28	in	in	ADP
afbr-299	166	29	the	the	DET
afbr-299	166	30	table	table	NOUN
afbr-299	166	31	,	,	PUNCT
afbr-299	166	32	we	we	PRON
afbr-299	166	33	accept	accept	VERB
afbr-299	166	34	the	the	DET
afbr-299	166	35	null	null	ADJ
afbr-299	166	36	hypothesis	hypothesis	NOUN
afbr-299	166	37	.	.	PUNCT
afbr-299	167	1	the	the	DET
afbr-299	167	2	following	follow	VERB
afbr-299	167	3	table	table	NOUN
afbr-299	167	4	gives	give	VERB
afbr-299	167	5	f	f	PROPN
afbr-299	167	6	statistics	statistic	NOUN
afbr-299	167	7	for	for	ADP
afbr-299	167	8	a	a	DET
afbr-299	167	9	large	large	ADJ
afbr-299	167	10	number	number	NOUN
afbr-299	167	11	of	of	ADP
afbr-299	167	12	observations	observation	NOUN
afbr-299	167	13	(	(	PUNCT
afbr-299	167	14	more	more	ADJ
afbr-299	167	15	than	than	ADP
afbr-299	167	16	120	120	NUM
afbr-299	167	17	in	in	ADP
afbr-299	167	18	this	this	DET
afbr-299	167	19	case	case	NOUN
afbr-299	167	20	)	)	PUNCT
afbr-299	167	21	and	and	CCONJ
afbr-299	167	22	the	the	DET
afbr-299	167	23	degree	degree	NOUN
afbr-299	167	24	of	of	ADP
afbr-299	167	25	freedom	freedom	NOUN
afbr-299	167	26	of	of	ADP
afbr-299	167	27	the	the	DET
afbr-299	167	28	denominator	denominator	NOUN
afbr-299	167	29	equal	equal	ADJ
afbr-299	167	30	to	to	ADP
afbr-299	167	31	5	5	NUM
afbr-299	167	32	percent	percent	NOUN
afbr-299	167	33	and	and	CCONJ
afbr-299	167	34	1	1	NUM
afbr-299	167	35	percent	percent	NOUN
afbr-299	167	36	level	level	NOUN
afbr-299	167	37	of	of	ADP
afbr-299	167	38	significance	significance	NOUN
afbr-299	167	39	:	:	PUNCT
afbr-299	167	40	f	f	PROPN
afbr-299	167	41	statistics	statistic	NOUN
afbr-299	167	42	for	for	ADP
afbr-299	167	43	a	a	DET
afbr-299	167	44	number	number	NOUN
afbr-299	167	45	of	of	ADP
afbr-299	167	46	observations	observation	NOUN
afbr-299	167	47	over	over	ADP
afbr-299	167	48	120	120	NUM
afbr-299	167	49	and	and	CCONJ
afbr-299	167	50	degree	degree	NOUN
afbr-299	167	51	of	of	ADP
afbr-299	167	52	freedom	freedom	NOUN
afbr-299	167	53	of	of	ADP
afbr-299	167	54	numerator	numerator	NOUN
afbr-299	167	55	(	(	PUNCT
afbr-299	167	56	lag	lag	PROPN
afbr-299	167	57	)	)	PUNCT
afbr-299	167	58	24	24	NUM
afbr-299	167	59	20	20	NUM
afbr-299	167	60	15	15	NUM
afbr-299	167	61	12	12	NUM
afbr-299	167	62	10	10	NUM
afbr-299	167	63	9	9	NUM
afbr-299	167	64	8	8	NUM
afbr-299	167	65	7	7	NUM
afbr-299	167	66	6	6	NUM
afbr-299	167	67	5	5	NUM
afbr-299	167	68	4	4	NUM
afbr-299	167	69	3	3	NUM
afbr-299	167	70	2	2	NUM
afbr-299	167	71	1	1	NUM
afbr-299	167	72	lags	lag	VERB
afbr-299	167	73	1.52	1.52	NUM
afbr-299	167	74	1.57	1.57	NUM
afbr-299	167	75	1.67	1.67	NUM
afbr-299	167	76	1.75	1.75	NUM
afbr-299	167	77	1.83	1.83	NUM
afbr-299	167	78	1.88	1.88	NUM
afbr-299	167	79	1.94	1.94	NUM
afbr-299	167	80	2.01	2.01	NUM
afbr-299	167	81	2.10	2.10	NUM
afbr-299	167	82	2.21	2.21	NUM
afbr-299	167	83	2.37	2.37	NUM
afbr-299	167	84	2.60	2.60	NUM
afbr-299	167	85	3.00	3.00	NUM
afbr-299	167	86	3.84	3.84	NUM
afbr-299	167	87	5	5	NUM
afbr-299	167	88	%	%	NOUN
afbr-299	167	89	level	level	NOUN
afbr-299	167	90	of	of	ADP
afbr-299	167	91	significance	significance	NOUN
afbr-299	167	92	f	f	PROPN
afbr-299	167	93	1.79	1.79	NUM
afbr-299	167	94	1.88	1.88	NUM
afbr-299	167	95	2.04	2.04	NUM
afbr-299	167	96	2.18	2.18	NUM
afbr-299	167	97	2.32	2.32	NUM
afbr-299	167	98	2.41	2.41	NUM
afbr-299	167	99	2.51	2.51	NUM
afbr-299	167	100	2.64	2.64	NUM
afbr-299	167	101	2.80	2.80	NUM
afbr-299	167	102	3.02	3.02	NUM
afbr-299	167	103	3.32	3.32	NUM
afbr-299	167	104	3.78	3.78	NUM
afbr-299	167	105	4.61	4.61	NUM
afbr-299	167	106	6.63	6.63	NUM
afbr-299	167	107	1	1	NUM
afbr-299	167	108	%	%	NOUN
afbr-299	167	109	level	level	NOUN
afbr-299	167	110	of	of	ADP
afbr-299	167	111	significance	significance	NOUN
afbr-299	167	112	f	f	X
afbr-299	167	113	by	by	ADP
afbr-299	167	114	considering	consider	VERB
afbr-299	167	115	the	the	DET
afbr-299	167	116	next	next	ADJ
afbr-299	167	117	tables	table	NOUN
afbr-299	167	118	and	and	CCONJ
afbr-299	167	119	the	the	DET
afbr-299	167	120	graphs	graph	NOUN
afbr-299	167	121	for	for	ADP
afbr-299	167	122	a	a	DET
afbr-299	167	123	simple	simple	ADJ
afbr-299	167	124	non	non	ADJ
afbr-299	167	125	-	-	ADJ
afbr-299	167	126	logarithmic	logarithmic	ADJ
afbr-299	167	127	model	model	NOUN
afbr-299	167	128	,	,	PUNCT
afbr-299	167	129	we	we	PRON
afbr-299	167	130	conclude	conclude	VERB
afbr-299	167	131	:	:	PUNCT
afbr-299	167	132	1the	1the	PRON
afbr-299	167	133	change	change	NOUN
afbr-299	167	134	in	in	ADP
afbr-299	167	135	dollar	dollar	NOUN
afbr-299	167	136	rate	rate	NOUN
afbr-299	167	137	,	,	PUNCT
afbr-299	167	138	after	after	ADP
afbr-299	167	139	at	at	ADV
afbr-299	167	140	least	least	ADV
afbr-299	167	141	1	1	NUM
afbr-299	167	142	month	month	NOUN
afbr-299	167	143	,	,	PUNCT
afbr-299	167	144	will	will	AUX
afbr-299	167	145	lead	lead	VERB
afbr-299	167	146	to	to	ADP
afbr-299	167	147	a	a	DET
afbr-299	167	148	change	change	NOUN
afbr-299	167	149	in	in	ADP
afbr-299	167	150	liquidity	liquidity	NOUN
afbr-299	167	151	.	.	PUNCT
afbr-299	168	1	2the	2the	DET
afbr-299	168	2	change	change	NOUN
afbr-299	168	3	in	in	ADP
afbr-299	168	4	liquidity	liquidity	NOUN
afbr-299	168	5	will	will	AUX
afbr-299	168	6	affect	affect	VERB
afbr-299	168	7	dollar	dollar	NOUN
afbr-299	168	8	rate	rate	NOUN
afbr-299	168	9	after	after	ADP
afbr-299	168	10	1	1	NUM
afbr-299	168	11	month	month	NOUN
afbr-299	168	12	,	,	PUNCT
afbr-299	168	13	and	and	CCONJ
afbr-299	168	14	its	its	PRON
afbr-299	168	15	further	further	ADJ
afbr-299	168	16	effects	effect	NOUN
afbr-299	168	17	appear	appear	VERB
afbr-299	168	18	after	after	ADP
afbr-299	168	19	9	9	NUM
afbr-299	168	20	to	to	PART
afbr-299	168	21	11	11	NUM
afbr-299	168	22	months	month	NOUN
afbr-299	168	23	and	and	CCONJ
afbr-299	168	24	again	again	ADV
afbr-299	168	25	after	after	SCONJ
afbr-299	168	26	2	2	NUM
afbr-299	168	27	years	year	NOUN
afbr-299	168	28	changes	change	VERB
afbr-299	168	29	the	the	DET
afbr-299	168	30	dollar	dollar	NOUN
afbr-299	168	31	rate	rate	NOUN
afbr-299	168	32	.	.	PUNCT
afbr-299	169	1	3changes	3changes	NUM
afbr-299	169	2	in	in	ADP
afbr-299	169	3	prices	price	NOUN
afbr-299	169	4	affect	affect	VERB
afbr-299	169	5	liquidity	liquidity	NOUN
afbr-299	169	6	after	after	ADP
afbr-299	169	7	a	a	DET
afbr-299	169	8	lag	lag	NOUN
afbr-299	169	9	of	of	ADP
afbr-299	169	10	8	8	NUM
afbr-299	169	11	months	month	NOUN
afbr-299	169	12	to	to	ADP
afbr-299	169	13	2	2	NUM
afbr-299	169	14	years	year	NOUN
afbr-299	169	15	.	.	PUNCT
afbr-299	170	1	4liquidity	4liquidity	NUM
afbr-299	170	2	changes	change	NOUN
afbr-299	170	3	will	will	AUX
afbr-299	170	4	affect	affect	VERB
afbr-299	170	5	prices	price	NOUN
afbr-299	170	6	after	after	ADP
afbr-299	170	7	1	1	NUM
afbr-299	170	8	year	year	NOUN
afbr-299	170	9	.	.	PUNCT
afbr-299	171	1	5price	5price	NUM
afbr-299	171	2	changes	change	NOUN
afbr-299	171	3	affect	affect	VERB
afbr-299	171	4	the	the	DET
afbr-299	171	5	dollar	dollar	NOUN
afbr-299	171	6	rate	rate	NOUN
afbr-299	171	7	after	after	ADP
afbr-299	171	8	1	1	NUM
afbr-299	171	9	month	month	NOUN
afbr-299	171	10	.	.	PUNCT
afbr-299	172	1	6changes	6change	NOUN
afbr-299	172	2	in	in	ADP
afbr-299	172	3	dollar	dollar	NOUN
afbr-299	172	4	rate	rate	NOUN
afbr-299	172	5	affect	affect	VERB
afbr-299	172	6	cpi	cpi	PROPN
afbr-299	172	7	in	in	ADP
afbr-299	172	8	every	every	DET
afbr-299	172	9	lag	lag	NOUN
afbr-299	172	10	.	.	PUNCT
afbr-299	173	1	in	in	ADP
afbr-299	173	2	short	short	ADJ
afbr-299	173	3	,	,	PUNCT
afbr-299	173	4	with	with	ADP
afbr-299	173	5	the	the	DET
afbr-299	173	6	analysis	analysis	NOUN
afbr-299	173	7	of	of	ADP
afbr-299	173	8	the	the	DET
afbr-299	173	9	above	above	ADJ
afbr-299	173	10	conclusions	conclusion	NOUN
afbr-299	173	11	,	,	PUNCT
afbr-299	173	12	at	at	ADP
afbr-299	173	13	95	95	NUM
afbr-299	173	14	%	%	NOUN
afbr-299	173	15	of	of	ADP
afbr-299	173	16	significance	significance	NOUN
afbr-299	173	17	level	level	NOUN
afbr-299	173	18	,	,	PUNCT
afbr-299	173	19	we	we	PRON
afbr-299	173	20	can	can	AUX
afbr-299	173	21	draw	draw	VERB
afbr-299	173	22	the	the	DET
afbr-299	173	23	following	follow	VERB
afbr-299	173	24	diagram	diagram	NOUN
afbr-299	173	25	:	:	PUNCT
afbr-299	173	26	http://www.cribfb.com/journal/index.php/afbr	http://www.cribfb.com/journal/index.php/afbr	NOUN
afbr-299	173	27	copyright	copyright	NOUN
afbr-299	174	1	©	©	PROPN
afbr-299	174	2	cc	cc	PROPN
afbr-299	174	3	-	-	PUNCT
afbr-299	174	4	by	by	ADP
afbr-299	174	5	-	-	PUNCT
afbr-299	174	6	nc	nc	PROPN
afbr-299	174	7	2019	2019	NUM
afbr-299	174	8	,	,	PUNCT
afbr-299	174	9	cribfb	cribfb	PROPN
afbr-299	174	10	|	|	ADV
afbr-299	174	11	afbr	afbr	PROPN
afbr-299	174	12	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADJ
afbr-299	174	13	australian	australian	ADJ
afbr-299	174	14	finance	finance	PROPN
afbr-299	174	15	&	&	CCONJ
afbr-299	174	16	banking	banking	PROPN
afbr-299	174	17	review	review	PROPN
afbr-299	174	18	vol	vol	NOUN
afbr-299	174	19	.	.	PROPN
afbr-299	175	1	3	3	NUM
afbr-299	175	2	,	,	PUNCT
afbr-299	175	3	no	no	INTJ
afbr-299	175	4	.	.	NOUN
afbr-299	175	5	1	1	NUM
afbr-299	175	6	;	;	PUNCT
afbr-299	175	7	2019	2019	NUM
afbr-299	175	8	29	29	NUM
afbr-299	175	9	with	with	ADP
afbr-299	175	10	12	12	NUM
afbr-299	175	11	to	to	PART
afbr-299	175	12	24	24	NUM
afbr-299	175	13	months	month	NOUN
afbr-299	175	14	lag	lag	VERB
afbr-299	175	15	after	after	SCONJ
afbr-299	175	16	9	9	NUM
afbr-299	175	17	to	to	PART
afbr-299	175	18	24	24	NUM
afbr-299	175	19	months	month	NOUN
afbr-299	175	20	lag	lag	VERB
afbr-299	175	21	with	with	ADP
afbr-299	175	22	2	2	NUM
afbr-299	175	23	to	to	PART
afbr-299	175	24	24	24	NUM
afbr-299	175	25	months	month	NOUN
afbr-299	175	26	lag	lag	VERB
afbr-299	175	27	always	always	ADV
afbr-299	175	28	with	with	ADP
afbr-299	175	29	3	3	NUM
afbr-299	175	30	to	to	PART
afbr-299	175	31	5	5	NUM
afbr-299	175	32	months	month	NOUN
afbr-299	175	33	lag	lag	VERB
afbr-299	175	34	with	with	ADP
afbr-299	175	35	23	23	NUM
afbr-299	175	36	to	to	PART
afbr-299	175	37	24	24	NUM
afbr-299	175	38	months	month	NOUN
afbr-299	175	39	lag	lag	VERB
afbr-299	175	40	the	the	DET
afbr-299	175	41	same	same	ADJ
afbr-299	175	42	study	study	NOUN
afbr-299	175	43	regarding	regard	VERB
afbr-299	175	44	the	the	DET
afbr-299	175	45	logarithms	logarithm	NOUN
afbr-299	175	46	of	of	ADP
afbr-299	175	47	the	the	DET
afbr-299	175	48	variables	variable	NOUN
afbr-299	175	49	gives	give	VERB
afbr-299	175	50	the	the	DET
afbr-299	175	51	following	follow	VERB
afbr-299	175	52	conclusions	conclusion	NOUN
afbr-299	175	53	:	:	PUNCT
afbr-299	175	54	1change	1change	NUM
afbr-299	175	55	of	of	ADP
afbr-299	175	56	dollar	dollar	NOUN
afbr-299	175	57	rate	rate	NOUN
afbr-299	175	58	affects	affect	VERB
afbr-299	175	59	liquidity	liquidity	NOUN
afbr-299	175	60	after	after	ADP
afbr-299	175	61	3	3	NUM
afbr-299	175	62	to	to	PART
afbr-299	175	63	5	5	NUM
afbr-299	175	64	months	month	NOUN
afbr-299	175	65	.	.	PUNCT
afbr-299	176	1	2change	2change	NUM
afbr-299	176	2	of	of	ADP
afbr-299	176	3	liquidity	liquidity	NOUN
afbr-299	176	4	does	do	AUX
afbr-299	176	5	not	not	PART
afbr-299	176	6	affect	affect	VERB
afbr-299	176	7	the	the	DET
afbr-299	176	8	dollar	dollar	NOUN
afbr-299	176	9	rate	rate	NOUN
afbr-299	176	10	.	.	PUNCT
afbr-299	177	1	3price	3price	NUM
afbr-299	177	2	changes	change	NOUN
afbr-299	177	3	after	after	ADP
afbr-299	177	4	3	3	NUM
afbr-299	177	5	months	month	NOUN
afbr-299	177	6	affect	affect	VERB
afbr-299	177	7	liquidity	liquidity	NOUN
afbr-299	177	8	.	.	PUNCT
afbr-299	178	1	4liquidity	4liquidity	NOUN
afbr-299	178	2	change	change	NOUN
afbr-299	178	3	does	do	AUX
afbr-299	178	4	not	not	PART
afbr-299	178	5	affect	affect	VERB
afbr-299	178	6	prices	price	NOUN
afbr-299	178	7	.	.	PUNCT
afbr-299	179	1	5price	5price	NUM
afbr-299	179	2	changes	change	NOUN
afbr-299	179	3	after	after	ADP
afbr-299	179	4	6	6	NUM
afbr-299	179	5	to	to	PART
afbr-299	179	6	11	11	NUM
afbr-299	179	7	months	month	NOUN
afbr-299	179	8	and	and	CCONJ
afbr-299	179	9	also	also	ADV
afbr-299	179	10	after	after	ADP
afbr-299	179	11	13	13	NUM
afbr-299	179	12	to	to	PART
afbr-299	179	13	15	15	NUM
afbr-299	179	14	months	month	NOUN
afbr-299	179	15	causes	cause	VERB
afbr-299	179	16	changes	change	NOUN
afbr-299	179	17	in	in	ADP
afbr-299	179	18	the	the	DET
afbr-299	179	19	dollar	dollar	NOUN
afbr-299	179	20	rate	rate	NOUN
afbr-299	179	21	.	.	PUNCT
afbr-299	180	1	6changes	6change	NOUN
afbr-299	180	2	in	in	ADP
afbr-299	180	3	dollar	dollar	NOUN
afbr-299	180	4	rate	rate	NOUN
afbr-299	180	5	causes	cause	VERB
afbr-299	180	6	changes	change	NOUN
afbr-299	180	7	in	in	ADP
afbr-299	180	8	prices	price	NOUN
afbr-299	180	9	after	after	ADP
afbr-299	180	10	11	11	NUM
afbr-299	180	11	months	month	NOUN
afbr-299	180	12	.	.	PUNCT
afbr-299	181	1	in	in	ADP
afbr-299	181	2	short	short	ADJ
afbr-299	181	3	,	,	PUNCT
afbr-299	181	4	the	the	DET
afbr-299	181	5	above	above	ADJ
afbr-299	181	6	conclusions	conclusion	NOUN
afbr-299	181	7	can	can	AUX
afbr-299	181	8	be	be	AUX
afbr-299	181	9	shown	show	VERB
afbr-299	181	10	at	at	ADP
afbr-299	181	11	a	a	DET
afbr-299	181	12	95	95	NUM
afbr-299	181	13	%	%	NOUN
afbr-299	181	14	level	level	NOUN
afbr-299	181	15	of	of	ADP
afbr-299	181	16	significance	significance	NOUN
afbr-299	181	17	in	in	ADP
afbr-299	181	18	the	the	DET
afbr-299	181	19	diagram	diagram	NOUN
afbr-299	181	20	below	below	ADP
afbr-299	181	21	with	with	ADP
afbr-299	181	22	3	3	NUM
afbr-299	181	23	to	to	PART
afbr-299	181	24	5	5	NUM
afbr-299	181	25	months	month	NOUN
afbr-299	181	26	lag	lag	VERB
afbr-299	181	27	liquidity	liquidity	NOUN
afbr-299	181	28	dollar	dollar	NOUN
afbr-299	181	29	rate	rate	NOUN
afbr-299	181	30	prices	price	NOUN
afbr-299	181	31	liquidity	liquidity	NOUN
afbr-299	181	32	dollar	dollar	NOUN
afbr-299	181	33	rate	rate	NOUN
afbr-299	181	34	prices	price	NOUN
afbr-299	181	35	after	after	ADP
afbr-299	181	36	3	3	NUM
afbr-299	181	37	months	month	NOUN
afbr-299	181	38	lag	lag	VERB
afbr-299	181	39	after	after	SCONJ
afbr-299	181	40	6	6	NUM
afbr-299	181	41	to	to	PART
afbr-299	181	42	15	15	NUM
afbr-299	181	43	months	month	NOUN
afbr-299	181	44	lag	lag	VERB
afbr-299	181	45	with	with	ADP
afbr-299	181	46	11	11	NUM
afbr-299	181	47	to	to	PART
afbr-299	181	48	24	24	NUM
afbr-299	181	49	months	month	NOUN
afbr-299	181	50	lag	lag	NOUN
afbr-299	181	51	http://www.cribfb.com/journal/index.php/afbr	http://www.cribfb.com/journal/index.php/afbr	NOUN
afbr-299	181	52	copyright	copyright	NOUN
afbr-299	182	1	©	©	PROPN
afbr-299	182	2	cc	cc	PROPN
afbr-299	182	3	-	-	PUNCT
afbr-299	182	4	by	by	ADP
afbr-299	182	5	-	-	PUNCT
afbr-299	182	6	nc	nc	PROPN
afbr-299	182	7	2019	2019	NUM
afbr-299	182	8	,	,	PUNCT
afbr-299	182	9	cribfb	cribfb	PROPN
afbr-299	182	10	|	|	ADV
afbr-299	182	11	afbr	afbr	PROPN
afbr-299	182	12	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADJ
afbr-299	182	13	australian	australian	ADJ
afbr-299	182	14	finance	finance	PROPN
afbr-299	182	15	&	&	CCONJ
afbr-299	182	16	banking	banking	PROPN
afbr-299	182	17	review	review	PROPN
afbr-299	182	18	vol	vol	NOUN
afbr-299	182	19	.	.	PROPN
afbr-299	183	1	3	3	NUM
afbr-299	183	2	,	,	PUNCT
afbr-299	183	3	no	no	INTJ
afbr-299	183	4	.	.	NOUN
afbr-299	183	5	1	1	NUM
afbr-299	183	6	;	;	PUNCT
afbr-299	183	7	2019	2019	NUM
afbr-299	183	8	30	30	NUM
afbr-299	183	9	adding	add	VERB
afbr-299	183	10	up	up	ADP
afbr-299	183	11	the	the	DET
afbr-299	183	12	above	above	ADJ
afbr-299	183	13	results	result	NOUN
afbr-299	183	14	,	,	PUNCT
afbr-299	183	15	we	we	PRON
afbr-299	183	16	can	can	AUX
afbr-299	183	17	draw	draw	VERB
afbr-299	183	18	the	the	DET
afbr-299	183	19	following	follow	VERB
afbr-299	183	20	diagram	diagram	NOUN
afbr-299	183	21	for	for	ADP
afbr-299	183	22	short	short	ADJ
afbr-299	183	23	term	term	NOUN
afbr-299	183	24	analysis	analysis	NOUN
afbr-299	183	25	:	:	PUNCT
afbr-299	183	26	the	the	DET
afbr-299	183	27	following	follow	VERB
afbr-299	183	28	diagram	diagram	NOUN
afbr-299	183	29	is	be	AUX
afbr-299	183	30	for	for	ADP
afbr-299	183	31	more	more	ADJ
afbr-299	183	32	than	than	ADP
afbr-299	183	33	a	a	PRON
afbr-299	183	34	year	year	NOUN
afbr-299	183	35	analysis	analysis	NOUN
afbr-299	183	36	:	:	PUNCT
afbr-299	183	37	the	the	DET
afbr-299	183	38	above	above	ADJ
afbr-299	183	39	diagrams	diagram	NOUN
afbr-299	183	40	show	show	VERB
afbr-299	183	41	that	that	SCONJ
afbr-299	183	42	foreign	foreign	ADJ
afbr-299	183	43	exchange	exchange	NOUN
afbr-299	183	44	rate	rate	NOUN
afbr-299	183	45	can	can	AUX
afbr-299	183	46	not	not	PART
afbr-299	183	47	be	be	AUX
afbr-299	183	48	regulated	regulate	VERB
afbr-299	183	49	by	by	ADP
afbr-299	183	50	changing	change	VERB
afbr-299	183	51	liquidity	liquidity	NOUN
afbr-299	183	52	in	in	ADP
afbr-299	183	53	less	less	ADJ
afbr-299	183	54	than	than	ADP
afbr-299	183	55	a	a	DET
afbr-299	183	56	month	month	NOUN
afbr-299	183	57	,	,	PUNCT
afbr-299	183	58	and	and	CCONJ
afbr-299	183	59	the	the	DET
afbr-299	183	60	results	result	NOUN
afbr-299	183	61	show	show	VERB
afbr-299	183	62	that	that	SCONJ
afbr-299	183	63	only	only	ADV
afbr-299	183	64	the	the	DET
afbr-299	183	65	general	general	ADJ
afbr-299	183	66	price	price	NOUN
afbr-299	183	67	level	level	NOUN
afbr-299	183	68	can	can	AUX
afbr-299	183	69	affect	affect	VERB
afbr-299	183	70	this	this	DET
afbr-299	183	71	variable	variable	NOUN
afbr-299	183	72	.	.	PUNCT
afbr-299	184	1	but	but	CCONJ
afbr-299	184	2	in	in	ADP
afbr-299	184	3	one	one	NUM
afbr-299	184	4	to	to	ADP
afbr-299	184	5	two	two	NUM
afbr-299	184	6	years	year	NOUN
afbr-299	184	7	of	of	ADP
afbr-299	184	8	analysis	analysis	NOUN
afbr-299	184	9	,	,	PUNCT
afbr-299	184	10	the	the	DET
afbr-299	184	11	foreign	foreign	ADJ
afbr-299	184	12	exchange	exchange	NOUN
afbr-299	184	13	rate	rate	NOUN
afbr-299	184	14	can	can	AUX
afbr-299	184	15	be	be	AUX
afbr-299	184	16	regulated	regulate	VERB
afbr-299	184	17	by	by	ADP
afbr-299	184	18	liquidity	liquidity	NOUN
afbr-299	184	19	control	control	NOUN
afbr-299	184	20	.	.	PUNCT
afbr-299	185	1	in	in	ADP
afbr-299	185	2	other	other	ADJ
afbr-299	185	3	words	word	NOUN
afbr-299	185	4	,	,	PUNCT
afbr-299	185	5	the	the	DET
afbr-299	185	6	long	long	ADJ
afbr-299	185	7	run	run	NOUN
afbr-299	185	8	trend	trend	NOUN
afbr-299	185	9	of	of	ADP
afbr-299	185	10	the	the	DET
afbr-299	185	11	foreign	foreign	ADJ
afbr-299	185	12	exchange	exchange	NOUN
afbr-299	185	13	rate	rate	NOUN
afbr-299	185	14	is	be	AUX
afbr-299	185	15	affected	affect	VERB
afbr-299	185	16	by	by	ADP
afbr-299	185	17	liquidity	liquidity	NOUN
afbr-299	185	18	and	and	CCONJ
afbr-299	185	19	price	price	NOUN
afbr-299	185	20	level	level	NOUN
afbr-299	185	21	changes	change	NOUN
afbr-299	185	22	,	,	PUNCT
afbr-299	185	23	but	but	CCONJ
afbr-299	185	24	since	since	SCONJ
afbr-299	185	25	price	price	NOUN
afbr-299	185	26	changes	change	NOUN
afbr-299	185	27	have	have	VERB
afbr-299	185	28	also	also	ADV
afbr-299	185	29	short	short	ADJ
afbr-299	185	30	term	term	NOUN
afbr-299	185	31	effects	effect	NOUN
afbr-299	185	32	on	on	ADP
afbr-299	185	33	the	the	DET
afbr-299	185	34	foreign	foreign	ADJ
afbr-299	185	35	exchange	exchange	NOUN
afbr-299	185	36	rate	rate	NOUN
afbr-299	185	37	,	,	PUNCT
afbr-299	185	38	therefore	therefore	ADV
afbr-299	185	39	,	,	PUNCT
afbr-299	185	40	we	we	PRON
afbr-299	185	41	can	can	AUX
afbr-299	185	42	change	change	VERB
afbr-299	185	43	this	this	DET
afbr-299	185	44	hypothesis	hypothesis	NOUN
afbr-299	185	45	in	in	ADP
afbr-299	185	46	error	error	NOUN
afbr-299	185	47	correction	correction	NOUN
afbr-299	185	48	model	model	NOUN
afbr-299	185	49	as	as	SCONJ
afbr-299	185	50	follows	follow	VERB
afbr-299	185	51	:	:	PUNCT
afbr-299	186	1	foreign	foreign	ADJ
afbr-299	186	2	exchange	exchange	NOUN
afbr-299	186	3	rate	rate	NOUN
afbr-299	186	4	=	=	SYM
afbr-299	186	5	long	long	ADJ
afbr-299	186	6	term	term	NOUN
afbr-299	186	7	function	function	NOUN
afbr-299	186	8	(	(	PUNCT
afbr-299	186	9	price	price	NOUN
afbr-299	186	10	level	level	NOUN
afbr-299	186	11	,	,	PUNCT
afbr-299	186	12	liquidity	liquidity	NOUN
afbr-299	186	13	)	)	PUNCT
afbr-299	187	1	+	+	NUM
afbr-299	187	2	error	error	NOUN
afbr-299	187	3	if	if	SCONJ
afbr-299	187	4	in	in	ADP
afbr-299	187	5	the	the	DET
afbr-299	187	6	first	first	ADJ
afbr-299	187	7	order	order	NOUN
afbr-299	187	8	stationary	stationary	ADJ
afbr-299	187	9	condition	condition	NOUN
afbr-299	187	10	of	of	ADP
afbr-299	187	11	the	the	DET
afbr-299	187	12	three	three	NUM
afbr-299	187	13	variables	variable	NOUN
afbr-299	187	14	of	of	ADP
afbr-299	187	15	the	the	DET
afbr-299	187	16	foreign	foreign	ADJ
afbr-299	187	17	exchange	exchange	NOUN
afbr-299	187	18	rate	rate	NOUN
afbr-299	187	19	,	,	PUNCT
afbr-299	187	20	liquidity	liquidity	NOUN
afbr-299	187	21	,	,	PUNCT
afbr-299	187	22	and	and	CCONJ
afbr-299	187	23	price	price	NOUN
afbr-299	187	24	level	level	NOUN
afbr-299	187	25	,	,	PUNCT
afbr-299	187	26	the	the	DET
afbr-299	187	27	co	co	ADJ
afbr-299	187	28	-	-	ADJ
afbr-299	187	29	integrated	integrated	ADJ
afbr-299	187	30	regression	regression	NOUN
afbr-299	187	31	creates	create	VERB
afbr-299	187	32	stationary	stationary	ADJ
afbr-299	187	33	error	error	NOUN
afbr-299	187	34	,	,	PUNCT
afbr-299	187	35	we	we	PRON
afbr-299	187	36	follow	follow	VERB
afbr-299	187	37	the	the	DET
afbr-299	187	38	error	error	NOUN
afbr-299	187	39	correction	correction	NOUN
afbr-299	187	40	model	model	NOUN
afbr-299	187	41	.	.	PUNCT
afbr-299	188	1	after	after	ADP
afbr-299	188	2	the	the	DET
afbr-299	188	3	study	study	NOUN
afbr-299	188	4	of	of	ADP
afbr-299	188	5	the	the	DET
afbr-299	188	6	foreign	foreign	ADJ
afbr-299	188	7	exchange	exchange	NOUN
afbr-299	188	8	rate	rate	NOUN
afbr-299	188	9	,	,	PUNCT
afbr-299	188	10	liquidity	liquidity	NOUN
afbr-299	188	11	,	,	PUNCT
afbr-299	188	12	and	and	CCONJ
afbr-299	188	13	price	price	NOUN
afbr-299	188	14	index	index	NOUN
afbr-299	188	15	variables	variable	NOUN
afbr-299	188	16	and	and	CCONJ
afbr-299	188	17	making	make	VERB
afbr-299	188	18	them	they	PRON
afbr-299	188	19	stationary	stationary	ADJ
afbr-299	188	20	,	,	PUNCT
afbr-299	188	21	we	we	PRON
afbr-299	188	22	follow	follow	VERB
afbr-299	188	23	the	the	DET
afbr-299	188	24	model	model	NOUN
afbr-299	188	25	with	with	ADP
afbr-299	188	26	stationary	stationary	ADJ
afbr-299	188	27	variables	variable	NOUN
afbr-299	188	28	.	.	PUNCT
afbr-299	189	1	with	with	ADP
afbr-299	189	2	the	the	DET
afbr-299	189	3	estimation	estimation	NOUN
afbr-299	189	4	of	of	ADP
afbr-299	189	5	long	long	ADJ
afbr-299	189	6	-	-	PUNCT
afbr-299	189	7	run	run	NOUN
afbr-299	189	8	function	function	NOUN
afbr-299	189	9	,	,	PUNCT
afbr-299	189	10	we	we	PRON
afbr-299	189	11	realized	realize	VERB
afbr-299	189	12	that	that	SCONJ
afbr-299	189	13	the	the	DET
afbr-299	189	14	existing	exist	VERB
afbr-299	189	15	co	co	NOUN
afbr-299	189	16	-	-	NOUN
afbr-299	189	17	linearity	linearity	NOUN
afbr-299	189	18	between	between	ADP
afbr-299	189	19	liquidity	liquidity	NOUN
afbr-299	189	20	and	and	CCONJ
afbr-299	189	21	cpi	cpi	NOUN
afbr-299	189	22	,	,	PUNCT
afbr-299	189	23	practically	practically	ADV
afbr-299	189	24	the	the	DET
afbr-299	189	25	obtained	obtain	VERB
afbr-299	189	26	weights	weight	NOUN
afbr-299	189	27	are	be	AUX
afbr-299	189	28	not	not	PART
afbr-299	189	29	as	as	SCONJ
afbr-299	189	30	they	they	PRON
afbr-299	189	31	were	be	AUX
afbr-299	189	32	expected	expect	VERB
afbr-299	189	33	and	and	CCONJ
afbr-299	189	34	therefore	therefore	ADV
afbr-299	189	35	,	,	PUNCT
afbr-299	189	36	it	it	PRON
afbr-299	189	37	is	be	AUX
afbr-299	189	38	not	not	PART
afbr-299	189	39	possible	possible	ADJ
afbr-299	189	40	to	to	PART
afbr-299	189	41	follow	follow	VERB
afbr-299	189	42	error	error	NOUN
afbr-299	189	43	correction	correction	NOUN
afbr-299	189	44	model	model	NOUN
afbr-299	189	45	.	.	PUNCT
afbr-299	190	1	on	on	ADP
afbr-299	190	2	the	the	DET
afbr-299	190	3	basis	basis	NOUN
afbr-299	190	4	of	of	ADP
afbr-299	190	5	obtained	obtain	VERB
afbr-299	190	6	graphs	graph	NOUN
afbr-299	190	7	and	and	CCONJ
afbr-299	190	8	results	result	NOUN
afbr-299	190	9	for	for	ADP
afbr-299	190	10	long	long	ADV
afbr-299	190	11	-	-	PUNCT
afbr-299	190	12	run	run	VERB
afbr-299	190	13	effects	effect	NOUN
afbr-299	190	14	,	,	PUNCT
afbr-299	190	15	we	we	PRON
afbr-299	190	16	consider	consider	VERB
afbr-299	190	17	the	the	DET
afbr-299	190	18	three	three	NUM
afbr-299	190	19	following	follow	VERB
afbr-299	190	20	relationships	relationship	NOUN
afbr-299	190	21	:	:	PUNCT
afbr-299	190	22	eq1	eq1	ADJ
afbr-299	190	23	:	:	PUNCT
afbr-299	190	24	dollar	dollar	NOUN
afbr-299	190	25	=	=	SYM
afbr-299	190	26	c(1)*m2	c(1)*m2	NOUN
afbr-299	190	27	+	+	NOUN
afbr-299	190	28	c(2)*dummy8000	c(2)*dummy8000	VERB
afbr-299	190	29	+	+	NUM
afbr-299	190	30	c(3)*dummy8000*m2	c(3)*dummy8000*m2	NOUN
afbr-299	190	31	+	+	CCONJ
afbr-299	190	32	c(4	c(4	PROPN
afbr-299	190	33	)	)	PUNCT
afbr-299	191	1	+	+	NUM
afbr-299	191	2	reseq1	reseq1	ADJ
afbr-299	191	3	eq2	eq2	NOUN
afbr-299	191	4	:	:	PUNCT
afbr-299	191	5	m2=	m2=	NUM
afbr-299	191	6	c(11)*cpi+c(12	c(11)*cpi+c(12	NOUN
afbr-299	191	7	)	)	PUNCT
afbr-299	192	1	+	+	PROPN
afbr-299	192	2	c(13)*dummy8000+c(14)*dummy8000*cpi+	c(13)*dummy8000+c(14)*dummy8000*cpi+	ADJ
afbr-299	192	3	reseq2	reseq2	PROPN
afbr-299	192	4	eq3	eq3	NOUN
afbr-299	192	5	:	:	PUNCT
afbr-299	193	1	cpi=	cpi=	PROPN
afbr-299	193	2	(	(	PUNCT
afbr-299	193	3	c(21)+c(22)*dummy8000)*dollar+(c(23)+c(24)*dummy8000)*m2	c(21)+c(22)*dummy8000)*dollar+(c(23)+c(24)*dummy8000)*m2	NOUN
afbr-299	193	4	+	+	ADJ
afbr-299	193	5	c(25)+	c(25)+	ADJ
afbr-299	193	6	c(26	c(26	NOUN
afbr-299	193	7	)	)	PUNCT
afbr-299	193	8	*	*	PUNCT
afbr-299	193	9	dummy8000	dummy8000	PROPN
afbr-299	193	10	+	+	CCONJ
afbr-299	193	11	reseq3	reseq3	NOUN
afbr-299	193	12	these	these	DET
afbr-299	193	13	equations	equation	NOUN
afbr-299	193	14	show	show	VERB
afbr-299	193	15	the	the	DET
afbr-299	193	16	mathematical	mathematical	ADJ
afbr-299	193	17	causality	causality	NOUN
afbr-299	193	18	relationship	relationship	NOUN
afbr-299	193	19	between	between	ADP
afbr-299	193	20	our	our	PRON
afbr-299	193	21	variables	variable	NOUN
afbr-299	193	22	.	.	PUNCT
afbr-299	194	1	regarding	regard	VERB
afbr-299	194	2	the	the	DET
afbr-299	194	3	existence	existence	NOUN
afbr-299	194	4	http://www.cribfb.com/journal/index.php/afbr	http://www.cribfb.com/journal/index.php/afbr	NOUN
afbr-299	194	5	copyright	copyright	NOUN
afbr-299	194	6	©	©	PROPN
afbr-299	194	7	cc	cc	PROPN
afbr-299	194	8	-	-	PUNCT
afbr-299	194	9	by	by	ADP
afbr-299	194	10	-	-	PUNCT
afbr-299	194	11	nc	nc	PROPN
afbr-299	194	12	2019	2019	NUM
afbr-299	194	13	,	,	PUNCT
afbr-299	194	14	cribfb	cribfb	PROPN
afbr-299	194	15	|	|	ADV
afbr-299	194	16	afbr	afbr	PROPN
afbr-299	194	17	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADJ
afbr-299	194	18	australian	australian	ADJ
afbr-299	194	19	finance	finance	PROPN
afbr-299	194	20	&	&	CCONJ
afbr-299	194	21	banking	banking	PROPN
afbr-299	194	22	review	review	PROPN
afbr-299	194	23	vol	vol	NOUN
afbr-299	194	24	.	.	PROPN
afbr-299	195	1	3	3	NUM
afbr-299	195	2	,	,	PUNCT
afbr-299	195	3	no	no	INTJ
afbr-299	195	4	.	.	NOUN
afbr-299	195	5	1	1	NUM
afbr-299	195	6	;	;	PUNCT
afbr-299	195	7	2019	2019	NUM
afbr-299	195	8	31	31	NUM
afbr-299	195	9	of	of	ADP
afbr-299	195	10	high	high	ADJ
afbr-299	195	11	co	co	NOUN
afbr-299	195	12	-	-	NOUN
afbr-299	195	13	linearity	linearity	NOUN
afbr-299	195	14	between	between	ADP
afbr-299	195	15	liquidity	liquidity	NOUN
afbr-299	195	16	and	and	CCONJ
afbr-299	195	17	price	price	NOUN
afbr-299	195	18	level	level	NOUN
afbr-299	195	19	,	,	PUNCT
afbr-299	195	20	the	the	DET
afbr-299	195	21	price	price	NOUN
afbr-299	195	22	variable	variable	NOUN
afbr-299	195	23	has	have	AUX
afbr-299	195	24	been	be	AUX
afbr-299	195	25	omitted	omit	VERB
afbr-299	195	26	from	from	ADP
afbr-299	195	27	the	the	DET
afbr-299	195	28	first	first	ADJ
afbr-299	195	29	equation	equation	NOUN
afbr-299	195	30	.	.	PUNCT
afbr-299	196	1	in	in	ADP
afbr-299	196	2	order	order	NOUN
afbr-299	196	3	to	to	PART
afbr-299	196	4	consider	consider	VERB
afbr-299	196	5	the	the	DET
afbr-299	196	6	policies	policy	NOUN
afbr-299	196	7	for	for	ADP
afbr-299	196	8	fixing	fix	VERB
afbr-299	196	9	dollar	dollar	NOUN
afbr-299	196	10	rate	rate	NOUN
afbr-299	196	11	at	at	ADP
afbr-299	196	12	8000	8000	NUM
afbr-299	196	13	rials	rial	NOUN
afbr-299	196	14	,	,	PUNCT
afbr-299	196	15	the	the	DET
afbr-299	196	16	dummy	dummy	ADJ
afbr-299	196	17	variable	variable	NOUN
afbr-299	196	18	“	"	PUNCT
afbr-299	196	19	dummy8000	dummy8000	PROPN
afbr-299	196	20	”	"	PUNCT
afbr-299	196	21	has	have	AUX
afbr-299	196	22	been	be	AUX
afbr-299	196	23	introduced	introduce	VERB
afbr-299	196	24	into	into	ADP
afbr-299	196	25	the	the	DET
afbr-299	196	26	model	model	NOUN
afbr-299	196	27	which	which	PRON
afbr-299	196	28	affects	affect	VERB
afbr-299	196	29	the	the	DET
afbr-299	196	30	intercept	intercept	NOUN
afbr-299	196	31	,	,	PUNCT
afbr-299	196	32	as	as	ADV
afbr-299	196	33	well	well	ADV
afbr-299	196	34	as	as	ADP
afbr-299	196	35	the	the	DET
afbr-299	196	36	slope	slope	NOUN
afbr-299	196	37	.	.	PUNCT
afbr-299	197	1	the	the	DET
afbr-299	197	2	amount	amount	NOUN
afbr-299	197	3	of	of	ADP
afbr-299	197	4	this	this	DET
afbr-299	197	5	dummy	dummy	NOUN
afbr-299	197	6	from	from	ADP
afbr-299	197	7	the	the	DET
afbr-299	197	8	11th	11th	ADJ
afbr-299	197	9	month	month	NOUN
afbr-299	197	10	of	of	ADP
afbr-299	197	11	1998	1998	NUM
afbr-299	197	12	and	and	CCONJ
afbr-299	197	13	afterward	afterward	ADV
afbr-299	197	14	is	be	AUX
afbr-299	197	15	one	one	NUM
afbr-299	197	16	,	,	PUNCT
afbr-299	197	17	and	and	CCONJ
afbr-299	197	18	for	for	ADP
afbr-299	197	19	other	other	ADJ
afbr-299	197	20	times	time	NOUN
afbr-299	197	21	is	be	AUX
afbr-299	197	22	zero	zero	NUM
afbr-299	197	23	.	.	PUNCT
afbr-299	198	1	in	in	ADP
afbr-299	198	2	order	order	NOUN
afbr-299	198	3	to	to	PART
afbr-299	198	4	study	study	VERB
afbr-299	198	5	the	the	DET
afbr-299	198	6	co	co	NOUN
afbr-299	198	7	-	-	NOUN
afbr-299	198	8	integration	integration	NOUN
afbr-299	198	9	and	and	CCONJ
afbr-299	198	10	concluding	conclude	VERB
afbr-299	198	11	whether	whether	SCONJ
afbr-299	198	12	the	the	DET
afbr-299	198	13	mentioned	mention	VERB
afbr-299	198	14	relationships	relationship	NOUN
afbr-299	198	15	are	be	AUX
afbr-299	198	16	long	long	ADJ
afbr-299	198	17	term	term	NOUN
afbr-299	198	18	relationships	relationship	NOUN
afbr-299	198	19	or	or	CCONJ
afbr-299	198	20	not	not	PART
afbr-299	198	21	,	,	PUNCT
afbr-299	198	22	we	we	PRON
afbr-299	198	23	regress	regress	VERB
afbr-299	198	24	the	the	DET
afbr-299	198	25	first	first	ADJ
afbr-299	198	26	order	order	NOUN
afbr-299	198	27	difference	difference	NOUN
afbr-299	198	28	of	of	ADP
afbr-299	198	29	the	the	DET
afbr-299	198	30	residuals	residual	NOUN
afbr-299	198	31	of	of	ADP
afbr-299	198	32	each	each	DET
afbr-299	198	33	regression	regression	NOUN
afbr-299	198	34	to	to	ADP
afbr-299	198	35	its	its	PRON
afbr-299	198	36	own	own	ADJ
afbr-299	198	37	lag	lag	NOUN
afbr-299	198	38	.	.	PUNCT
afbr-299	199	1	in	in	ADP
afbr-299	199	2	this	this	DET
afbr-299	199	3	way	way	NOUN
afbr-299	199	4	,	,	PUNCT
afbr-299	199	5	we	we	PRON
afbr-299	199	6	conduct	conduct	VERB
afbr-299	199	7	the	the	DET
afbr-299	199	8	unit	unit	NOUN
afbr-299	199	9	root	root	NOUN
afbr-299	199	10	test	test	NOUN
afbr-299	199	11	.	.	PUNCT
afbr-299	200	1	the	the	DET
afbr-299	200	2	results	result	NOUN
afbr-299	200	3	of	of	ADP
afbr-299	200	4	these	these	DET
afbr-299	200	5	tests	test	NOUN
afbr-299	200	6	with	with	ADP
afbr-299	200	7	the	the	DET
afbr-299	200	8	study	study	NOUN
afbr-299	200	9	of	of	ADP
afbr-299	200	10	mackinnon	mackinnon	PROPN
afbr-299	200	11	show	show	VERB
afbr-299	200	12	that	that	SCONJ
afbr-299	200	13	all	all	DET
afbr-299	200	14	three	three	NUM
afbr-299	200	15	equations	equation	NOUN
afbr-299	200	16	have	have	VERB
afbr-299	200	17	long	long	ADJ
afbr-299	200	18	term	term	NOUN
afbr-299	200	19	nature	nature	NOUN
afbr-299	200	20	.	.	PUNCT
afbr-299	201	1	in	in	ADP
afbr-299	201	2	other	other	ADJ
afbr-299	201	3	words	word	NOUN
afbr-299	201	4	:	:	PUNCT
afbr-299	201	5			X
afbr-299	201	6	liquidity	liquidity	NOUN
afbr-299	201	7	affects	affect	VERB
afbr-299	201	8	the	the	DET
afbr-299	201	9	foreign	foreign	ADJ
afbr-299	201	10	exchange	exchange	NOUN
afbr-299	201	11	rate	rate	NOUN
afbr-299	201	12	in	in	ADP
afbr-299	201	13	the	the	DET
afbr-299	201	14	long	long	ADJ
afbr-299	201	15	run	run	NOUN
afbr-299	201	16	.	.	PUNCT
afbr-299	202	1			PUNCT
afbr-299	203	1	prices	price	NOUN
afbr-299	203	2	affect	affect	VERB
afbr-299	203	3	liquidity	liquidity	NOUN
afbr-299	203	4	in	in	ADP
afbr-299	203	5	the	the	DET
afbr-299	203	6	long	long	ADJ
afbr-299	203	7	run	run	NOUN
afbr-299	203	8	.	.	PUNCT
afbr-299	204	1			PUNCT
afbr-299	205	1	in	in	ADP
afbr-299	205	2	the	the	DET
afbr-299	205	3	long	long	ADJ
afbr-299	205	4	run	run	NOUN
afbr-299	205	5	,	,	PUNCT
afbr-299	205	6	both	both	CCONJ
afbr-299	205	7	liquidity	liquidity	NOUN
afbr-299	205	8	and	and	CCONJ
afbr-299	205	9	dollar	dollar	NOUN
afbr-299	205	10	rate	rate	NOUN
afbr-299	205	11	affect	affect	VERB
afbr-299	205	12	prices	price	NOUN
afbr-299	205	13	.	.	PUNCT
afbr-299	206	1	7	7	X
afbr-299	206	2	.	.	X
afbr-299	206	3	selling	sell	VERB
afbr-299	206	4	foreign	foreign	ADJ
afbr-299	206	5	exchange	exchange	NOUN
afbr-299	206	6	one	one	NUM
afbr-299	206	7	of	of	ADP
afbr-299	206	8	the	the	DET
afbr-299	206	9	variables	variable	NOUN
afbr-299	206	10	which	which	PRON
afbr-299	206	11	have	have	AUX
afbr-299	206	12	not	not	PART
afbr-299	206	13	been	be	AUX
afbr-299	206	14	used	use	VERB
afbr-299	206	15	here	here	ADV
afbr-299	206	16	is	be	AUX
afbr-299	206	17	the	the	DET
afbr-299	206	18	selling	selling	NOUN
afbr-299	206	19	of	of	ADP
afbr-299	206	20	foreign	foreign	ADJ
afbr-299	206	21	exchange	exchange	NOUN
afbr-299	206	22	in	in	ADP
afbr-299	206	23	the	the	DET
afbr-299	206	24	parallel	parallel	ADJ
afbr-299	206	25	market	market	NOUN
afbr-299	206	26	.	.	PUNCT
afbr-299	207	1	as	as	SCONJ
afbr-299	207	2	it	it	PRON
afbr-299	207	3	was	be	AUX
afbr-299	207	4	mentioned	mention	VERB
afbr-299	207	5	,	,	PUNCT
afbr-299	207	6	the	the	DET
afbr-299	207	7	application	application	NOUN
afbr-299	207	8	of	of	ADP
afbr-299	207	9	this	this	DET
afbr-299	207	10	policy	policy	NOUN
afbr-299	207	11	can	can	AUX
afbr-299	207	12	affect	affect	VERB
afbr-299	207	13	the	the	DET
afbr-299	207	14	monetary	monetary	ADJ
afbr-299	207	15	and	and	CCONJ
afbr-299	207	16	exchange	exchange	NOUN
afbr-299	207	17	sectors	sector	NOUN
afbr-299	207	18	of	of	ADP
afbr-299	207	19	the	the	DET
afbr-299	207	20	economy	economy	NOUN
afbr-299	207	21	.	.	PUNCT
afbr-299	208	1	unfortunately	unfortunately	ADV
afbr-299	208	2	,	,	PUNCT
afbr-299	208	3	the	the	DET
afbr-299	208	4	monthly	monthly	ADJ
afbr-299	208	5	data	datum	NOUN
afbr-299	208	6	for	for	ADP
afbr-299	208	7	this	this	DET
afbr-299	208	8	variable	variable	NOUN
afbr-299	208	9	is	be	AUX
afbr-299	208	10	not	not	PART
afbr-299	208	11	available	available	ADJ
afbr-299	208	12	;	;	PUNCT
afbr-299	208	13	the	the	DET
afbr-299	208	14	annual	annual	ADJ
afbr-299	208	15	data	datum	NOUN
afbr-299	208	16	as	as	ADP
afbr-299	208	17	budget	budget	NOUN
afbr-299	208	18	information	information	NOUN
afbr-299	208	19	is	be	AUX
afbr-299	208	20	available	available	ADJ
afbr-299	208	21	in	in	ADP
afbr-299	208	22	the	the	DET
afbr-299	208	23	central	central	ADJ
afbr-299	208	24	bank	bank	NOUN
afbr-299	208	25	reports	report	NOUN
afbr-299	208	26	.	.	PUNCT
afbr-299	209	1	these	these	DET
afbr-299	209	2	figures	figure	NOUN
afbr-299	209	3	have	have	AUX
afbr-299	209	4	been	be	AUX
afbr-299	209	5	presented	present	VERB
afbr-299	209	6	in	in	ADP
afbr-299	209	7	the	the	DET
afbr-299	209	8	previous	previous	ADJ
afbr-299	209	9	sections	section	NOUN
afbr-299	209	10	of	of	ADP
afbr-299	209	11	this	this	DET
afbr-299	209	12	paper	paper	NOUN
afbr-299	209	13	.	.	PUNCT
afbr-299	210	1	studies	study	NOUN
afbr-299	210	2	show	show	VERB
afbr-299	210	3	the	the	DET
afbr-299	210	4	relationship	relationship	NOUN
afbr-299	210	5	between	between	ADP
afbr-299	210	6	this	this	DET
afbr-299	210	7	variable	variable	NOUN
afbr-299	210	8	and	and	CCONJ
afbr-299	210	9	the	the	DET
afbr-299	210	10	foreign	foreign	ADJ
afbr-299	210	11	exchange	exchange	NOUN
afbr-299	210	12	rate	rate	NOUN
afbr-299	210	13	in	in	ADP
afbr-299	210	14	the	the	DET
afbr-299	210	15	parallel	parallel	ADJ
afbr-299	210	16	market	market	NOUN
afbr-299	210	17	.	.	PUNCT
afbr-299	211	1	the	the	DET
afbr-299	211	2	macro	macro	ADJ
afbr-299	211	3	-	-	ADJ
afbr-299	211	4	econometric	econometric	ADJ
afbr-299	211	5	model	model	NOUN
afbr-299	211	6	of	of	ADP
afbr-299	211	7	iran6	iran6	PROPN
afbr-299	211	8	shows	show	VERB
afbr-299	211	9	that	that	SCONJ
afbr-299	211	10	there	there	PRON
afbr-299	211	11	is	be	VERB
afbr-299	211	12	a	a	DET
afbr-299	211	13	significant	significant	ADJ
afbr-299	211	14	relationship	relationship	NOUN
afbr-299	211	15	between	between	ADP
afbr-299	211	16	selling	sell	VERB
afbr-299	211	17	foreign	foreign	ADJ
afbr-299	211	18	exchange	exchange	NOUN
afbr-299	211	19	in	in	ADP
afbr-299	211	20	the	the	DET
afbr-299	211	21	parallel	parallel	ADJ
afbr-299	211	22	market	market	NOUN
afbr-299	211	23	and	and	CCONJ
afbr-299	211	24	dollar	dollar	NOUN
afbr-299	211	25	rate	rate	NOUN
afbr-299	211	26	in	in	ADP
afbr-299	211	27	that	that	DET
afbr-299	211	28	market	market	NOUN
afbr-299	211	29	.	.	PUNCT
afbr-299	212	1	the	the	DET
afbr-299	212	2	following	follow	VERB
afbr-299	212	3	relationship	relationship	NOUN
afbr-299	212	4	has	have	AUX
afbr-299	212	5	been	be	AUX
afbr-299	212	6	defined	define	VERB
afbr-299	212	7	in	in	ADP
afbr-299	212	8	that	that	DET
afbr-299	212	9	model	model	NOUN
afbr-299	212	10	:	:	PUNCT
afbr-299	212	11	dollar	dollar	NOUN
afbr-299	212	12	rate	rate	NOUN
afbr-299	212	13	=	=	NOUN
afbr-299	212	14	f(selling	f(selle	VERB
afbr-299	212	15	exchange	exchange	NOUN
afbr-299	212	16	in	in	ADP
afbr-299	212	17	parallel	parallel	ADJ
afbr-299	212	18	market	market	NOUN
afbr-299	212	19	,	,	PUNCT
afbr-299	212	20	liquidity	liquidity	NOUN
afbr-299	212	21	,	,	PUNCT
afbr-299	212	22	cumulative	cumulative	ADJ
afbr-299	212	23	balance	balance	NOUN
afbr-299	212	24	of	of	ADP
afbr-299	212	25	payments	payment	NOUN
afbr-299	212	26	)	)	PUNCT
afbr-299	212	27	the	the	DET
afbr-299	212	28	above	above	ADJ
afbr-299	212	29	study	study	NOUN
afbr-299	212	30	showed	show	VERB
afbr-299	212	31	that	that	SCONJ
afbr-299	212	32	it	it	PRON
afbr-299	212	33	is	be	AUX
afbr-299	212	34	not	not	PART
afbr-299	212	35	possible	possible	ADJ
afbr-299	212	36	to	to	PART
afbr-299	212	37	find	find	VERB
afbr-299	212	38	a	a	DET
afbr-299	212	39	significant	significant	ADJ
afbr-299	212	40	relationship	relationship	NOUN
afbr-299	212	41	for	for	ADP
afbr-299	212	42	the	the	DET
afbr-299	212	43	above	above	ADJ
afbr-299	212	44	function	function	NOUN
afbr-299	212	45	in	in	ADP
afbr-299	212	46	the	the	DET
afbr-299	212	47	short	short	ADJ
afbr-299	212	48	run	run	NOUN
afbr-299	212	49	,	,	PUNCT
afbr-299	212	50	even	even	ADV
afbr-299	212	51	though	though	SCONJ
afbr-299	212	52	this	this	DET
afbr-299	212	53	function	function	NOUN
afbr-299	212	54	is	be	AUX
afbr-299	212	55	statistically	statistically	ADV
afbr-299	212	56	satisfactory	satisfactory	ADJ
afbr-299	212	57	.	.	PUNCT
afbr-299	213	1	the	the	DET
afbr-299	213	2	reason	reason	NOUN
afbr-299	213	3	for	for	ADP
afbr-299	213	4	that	that	PRON
afbr-299	213	5	is	be	AUX
afbr-299	213	6	perhaps	perhaps	ADV
afbr-299	213	7	the	the	DET
afbr-299	213	8	lack	lack	NOUN
afbr-299	213	9	of	of	ADP
afbr-299	213	10	monthly	monthly	ADJ
afbr-299	213	11	data	datum	NOUN
afbr-299	213	12	series	series	NOUN
afbr-299	213	13	of	of	ADP
afbr-299	213	14	selling	sell	VERB
afbr-299	213	15	foreign	foreign	ADJ
afbr-299	213	16	exchange	exchange	NOUN
afbr-299	213	17	for	for	ADP
afbr-299	213	18	a	a	DET
afbr-299	213	19	long	long	ADJ
afbr-299	213	20	period	period	NOUN
afbr-299	213	21	.	.	PUNCT
afbr-299	214	1	as	as	SCONJ
afbr-299	214	2	it	it	PRON
afbr-299	214	3	was	be	AUX
afbr-299	214	4	mentioned	mention	VERB
afbr-299	214	5	,	,	PUNCT
afbr-299	214	6	there	there	PRON
afbr-299	214	7	is	be	VERB
afbr-299	214	8	a	a	DET
afbr-299	214	9	long	long	ADJ
afbr-299	214	10	term	term	NOUN
afbr-299	214	11	relationship	relationship	NOUN
afbr-299	214	12	between	between	ADP
afbr-299	214	13	these	these	DET
afbr-299	214	14	variables	variable	NOUN
afbr-299	214	15	;	;	PUNCT
afbr-299	214	16	a	a	DET
afbr-299	214	17	concrete	concrete	ADJ
afbr-299	214	18	short	short	ADJ
afbr-299	214	19	-	-	PUNCT
afbr-299	214	20	run	run	NOUN
afbr-299	214	21	relationship	relationship	NOUN
afbr-299	214	22	has	have	AUX
afbr-299	214	23	not	not	PART
afbr-299	214	24	been	be	AUX
afbr-299	214	25	found	find	VERB
afbr-299	214	26	.	.	PUNCT
afbr-299	215	1	the	the	DET
afbr-299	215	2	cross	cross	NOUN
afbr-299	215	3	-	-	NOUN
afbr-299	215	4	correlogram	correlogram	NOUN
afbr-299	215	5	below	below	ADP
afbr-299	215	6	shows	show	NOUN
afbr-299	215	7	:	:	PUNCT
afbr-299	215	8	selling	sell	VERB
afbr-299	215	9	foreign	foreign	ADJ
afbr-299	215	10	exchange	exchange	NOUN
afbr-299	215	11	with	with	ADP
afbr-299	215	12	different	different	ADJ
afbr-299	215	13	lags	lag	NOUN
afbr-299	215	14	has	have	VERB
afbr-299	215	15	little	little	ADJ
afbr-299	215	16	effects	effect	NOUN
afbr-299	215	17	with	with	ADP
afbr-299	215	18	different	different	ADJ
afbr-299	215	19	directions	direction	NOUN
afbr-299	215	20	on	on	ADP
afbr-299	215	21	the	the	DET
afbr-299	215	22	parity	parity	NOUN
afbr-299	215	23	rate	rate	NOUN
afbr-299	215	24	of	of	ADP
afbr-299	215	25	rial	rial	NOUN
afbr-299	215	26	.	.	PUNCT
afbr-299	216	1	the	the	DET
afbr-299	216	2	next	next	ADJ
afbr-299	216	3	graph	graph	NOUN
afbr-299	216	4	shows	show	VERB
afbr-299	216	5	the	the	DET
afbr-299	216	6	same	same	ADJ
afbr-299	216	7	conclusion	conclusion	NOUN
afbr-299	216	8	for	for	ADP
afbr-299	216	9	the	the	DET
afbr-299	216	10	relationship	relationship	NOUN
afbr-299	216	11	between	between	ADP
afbr-299	216	12	liquidity	liquidity	NOUN
afbr-299	216	13	and	and	CCONJ
afbr-299	216	14	dollar	dollar	NOUN
afbr-299	216	15	rate	rate	NOUN
afbr-299	216	16	.	.	PUNCT
afbr-299	217	1	in	in	ADP
afbr-299	217	2	other	other	ADJ
afbr-299	217	3	words	word	NOUN
afbr-299	217	4	,	,	PUNCT
afbr-299	217	5	in	in	ADP
afbr-299	217	6	spite	spite	NOUN
afbr-299	217	7	of	of	ADP
afbr-299	217	8	the	the	DET
afbr-299	217	9	existence	existence	NOUN
afbr-299	217	10	of	of	ADP
afbr-299	217	11	the	the	DET
afbr-299	217	12	relationship	relationship	NOUN
afbr-299	217	13	in	in	ADP
afbr-299	217	14	the	the	DET
afbr-299	217	15	long	long	ADJ
afbr-299	217	16	run	run	NOUN
afbr-299	217	17	,	,	PUNCT
afbr-299	217	18	it	it	PRON
afbr-299	217	19	is	be	AUX
afbr-299	217	20	not	not	PART
afbr-299	217	21	possible	possible	ADJ
afbr-299	217	22	to	to	PART
afbr-299	217	23	define	define	VERB
afbr-299	217	24	such	such	DET
afbr-299	217	25	a	a	DET
afbr-299	217	26	relationship	relationship	NOUN
afbr-299	217	27	in	in	ADP
afbr-299	217	28	the	the	DET
afbr-299	217	29	short	short	ADJ
afbr-299	217	30	run	run	NOUN
afbr-299	217	31	.	.	PUNCT
afbr-299	218	1	the	the	DET
afbr-299	218	2	same	same	ADJ
afbr-299	218	3	is	be	AUX
afbr-299	218	4	understood	understand	VERB
afbr-299	218	5	for	for	ADP
afbr-299	218	6	the	the	DET
afbr-299	218	7	position	position	NOUN
afbr-299	218	8	of	of	ADP
afbr-299	218	9	balance	balance	NOUN
afbr-299	218	10	of	of	ADP
afbr-299	218	11	payments	payment	NOUN
afbr-299	218	12	and	and	CCONJ
afbr-299	218	13	the	the	DET
afbr-299	218	14	foreign	foreign	ADJ
afbr-299	218	15	exchange	exchange	NOUN
afbr-299	218	16	rate	rate	NOUN
afbr-299	218	17	in	in	ADP
afbr-299	218	18	the	the	DET
afbr-299	218	19	short	short	ADJ
afbr-299	218	20	run	run	NOUN
afbr-299	218	21	.	.	PUNCT
afbr-299	219	1	8	8	X
afbr-299	219	2	.	.	X
afbr-299	219	3	conclusion	conclusion	NOUN
afbr-299	219	4	in	in	ADP
afbr-299	219	5	this	this	DET
afbr-299	219	6	paper	paper	NOUN
afbr-299	219	7	,	,	PUNCT
afbr-299	219	8	our	our	PRON
afbr-299	219	9	goal	goal	NOUN
afbr-299	219	10	was	be	AUX
afbr-299	219	11	to	to	PART
afbr-299	219	12	find	find	VERB
afbr-299	219	13	out	out	ADP
afbr-299	219	14	the	the	DET
afbr-299	219	15	effects	effect	NOUN
afbr-299	219	16	of	of	ADP
afbr-299	219	17	changes	change	NOUN
afbr-299	219	18	in	in	ADP
afbr-299	219	19	money	money	NOUN
afbr-299	219	20	on	on	ADP
afbr-299	219	21	the	the	DET
afbr-299	219	22	foreign	foreign	ADJ
afbr-299	219	23	exchange	exchange	NOUN
afbr-299	219	24	rate	rate	NOUN
afbr-299	219	25	in	in	ADP
afbr-299	219	26	the	the	DET
afbr-299	219	27	short	short	ADJ
afbr-299	219	28	run	run	NOUN
afbr-299	219	29	and	and	CCONJ
afbr-299	219	30	long	long	ADJ
afbr-299	219	31	run	run	NOUN
afbr-299	219	32	.	.	PUNCT
afbr-299	220	1	in	in	ADP
afbr-299	220	2	other	other	ADJ
afbr-299	220	3	words	word	NOUN
afbr-299	220	4	,	,	PUNCT
afbr-299	220	5	we	we	PRON
afbr-299	220	6	were	be	AUX
afbr-299	220	7	looking	look	VERB
afbr-299	220	8	to	to	PART
afbr-299	220	9	find	find	VERB
afbr-299	220	10	out	out	ADP
afbr-299	220	11	if	if	SCONJ
afbr-299	220	12	we	we	PRON
afbr-299	220	13	can	can	AUX
afbr-299	220	14	change	change	VERB
afbr-299	220	15	foreign	foreign	ADJ
afbr-299	220	16	exchange	exchange	NOUN
afbr-299	220	17	rate	rate	NOUN
afbr-299	220	18	by	by	ADP
afbr-299	220	19	changing	change	VERB
afbr-299	220	20	the	the	DET
afbr-299	220	21	liquidity	liquidity	NOUN
afbr-299	220	22	?	?	PUNCT
afbr-299	221	1	on	on	ADP
afbr-299	221	2	the	the	DET
afbr-299	221	3	other	other	ADJ
afbr-299	221	4	hand	hand	NOUN
afbr-299	221	5	,	,	PUNCT
afbr-299	221	6	what	what	PRON
afbr-299	221	7	is	be	AUX
afbr-299	221	8	the	the	DET
afbr-299	221	9	effect	effect	NOUN
afbr-299	221	10	of	of	ADP
afbr-299	221	11	the	the	DET
afbr-299	221	12	price	price	NOUN
afbr-299	221	13	,	,	PUNCT
afbr-299	221	14	which	which	PRON
afbr-299	221	15	has	have	VERB
afbr-299	221	16	an	an	DET
afbr-299	221	17	important	important	ADJ
afbr-299	221	18	catalyst	catalyst	NOUN
afbr-299	221	19	role	role	NOUN
afbr-299	221	20	in	in	ADP
afbr-299	221	21	this	this	DET
afbr-299	221	22	interaction	interaction	NOUN
afbr-299	221	23	?	?	PUNCT
afbr-299	222	1	therefore	therefore	ADV
afbr-299	222	2	,	,	PUNCT
afbr-299	222	3	we	we	PRON
afbr-299	222	4	looked	look	VERB
afbr-299	222	5	for	for	ADP
afbr-299	222	6	the	the	DET
afbr-299	222	7	triangular	triangular	NOUN
afbr-299	222	8	relationship	relationship	NOUN
afbr-299	222	9	between	between	ADP
afbr-299	222	10	money	money	NOUN
afbr-299	222	11	,	,	PUNCT
afbr-299	222	12	prices	price	NOUN
afbr-299	222	13	,	,	PUNCT
afbr-299	222	14	and	and	CCONJ
afbr-299	222	15	foreign	foreign	ADJ
afbr-299	222	16	exchange	exchange	NOUN
afbr-299	222	17	rate	rate	NOUN
afbr-299	222	18	,	,	PUNCT
afbr-299	222	19	through	through	ADP
afbr-299	222	20	which	which	PRON
afbr-299	222	21	we	we	PRON
afbr-299	222	22	can	can	AUX
afbr-299	222	23	reach	reach	VERB
afbr-299	222	24	foreign	foreign	ADJ
afbr-299	222	25	exchange	exchange	NOUN
afbr-299	222	26	rate	rate	NOUN
afbr-299	222	27	control	control	NOUN
afbr-299	222	28	policies	policy	NOUN
afbr-299	222	29	.	.	PUNCT
afbr-299	223	1	calculations	calculation	NOUN
afbr-299	223	2	show	show	VERB
afbr-299	223	3	that	that	SCONJ
afbr-299	223	4	regulating	regulate	VERB
afbr-299	223	5	foreign	foreign	ADJ
afbr-299	223	6	exchange	exchange	NOUN
afbr-299	223	7	rate	rate	NOUN
afbr-299	223	8	by	by	ADP
afbr-299	223	9	changing	change	VERB
afbr-299	223	10	the	the	DET
afbr-299	223	11	amount	amount	NOUN
afbr-299	223	12	of	of	ADP
afbr-299	223	13	liquidity	liquidity	NOUN
afbr-299	223	14	for	for	ADP
afbr-299	223	15	a	a	DET
afbr-299	223	16	period	period	NOUN
afbr-299	223	17	of	of	ADP
afbr-299	223	18	less	less	ADJ
afbr-299	223	19	than	than	ADP
afbr-299	223	20	one	one	NUM
afbr-299	223	21	year	year	NOUN
afbr-299	223	22	is	be	AUX
afbr-299	223	23	not	not	PART
afbr-299	223	24	possible	possible	ADJ
afbr-299	223	25	,	,	PUNCT
afbr-299	223	26	and	and	CCONJ
afbr-299	223	27	only	only	ADV
afbr-299	223	28	the	the	DET
afbr-299	223	29	general	general	ADJ
afbr-299	223	30	level	level	NOUN
afbr-299	223	31	of	of	ADP
afbr-299	223	32	prices	price	NOUN
afbr-299	223	33	can	can	AUX
afbr-299	223	34	affect	affect	VERB
afbr-299	223	35	this	this	DET
afbr-299	223	36	variable	variable	NOUN
afbr-299	223	37	.	.	PUNCT
afbr-299	224	1	but	but	CCONJ
afbr-299	224	2	in	in	ADP
afbr-299	224	3	annual	annual	ADJ
afbr-299	224	4	and	and	CCONJ
afbr-299	224	5	biannual	biannual	ADJ
afbr-299	224	6	analysis	analysis	NOUN
afbr-299	224	7	,	,	PUNCT
afbr-299	224	8	we	we	PRON
afbr-299	224	9	can	can	AUX
afbr-299	224	10	say	say	VERB
afbr-299	224	11	that	that	SCONJ
afbr-299	224	12	the	the	DET
afbr-299	224	13	control	control	NOUN
afbr-299	224	14	of	of	ADP
afbr-299	224	15	the	the	DET
afbr-299	224	16	foreign	foreign	ADJ
afbr-299	224	17	exchange	exchange	NOUN
afbr-299	224	18	rate	rate	NOUN
afbr-299	224	19	can	can	AUX
afbr-299	224	20	be	be	AUX
afbr-299	224	21	achieved	achieve	VERB
afbr-299	224	22	through	through	ADP
afbr-299	224	23	changes	change	NOUN
afbr-299	224	24	in	in	ADP
afbr-299	224	25	liquidity	liquidity	NOUN
afbr-299	224	26	.	.	PUNCT
afbr-299	225	1	in	in	ADP
afbr-299	225	2	other	other	ADJ
afbr-299	225	3	words	word	NOUN
afbr-299	225	4	,	,	PUNCT
afbr-299	225	5	the	the	DET
afbr-299	225	6	long	long	ADJ
afbr-299	225	7	run	run	NOUN
afbr-299	225	8	trend	trend	NOUN
afbr-299	225	9	of	of	ADP
afbr-299	225	10	the	the	DET
afbr-299	225	11	foreign	foreign	ADJ
afbr-299	225	12	exchange	exchange	NOUN
afbr-299	225	13	rate	rate	NOUN
afbr-299	225	14	is	be	AUX
afbr-299	225	15	defined	define	VERB
afbr-299	225	16	by	by	ADP
afbr-299	225	17	liquidity	liquidity	NOUN
afbr-299	225	18	and	and	CCONJ
afbr-299	225	19	price	price	NOUN
afbr-299	225	20	level	level	NOUN
afbr-299	225	21	,	,	PUNCT
afbr-299	225	22	but	but	CCONJ
afbr-299	225	23	prices	price	NOUN
afbr-299	225	24	have	have	VERB
afbr-299	225	25	also	also	ADV
afbr-299	225	26	short	short	ADJ
afbr-299	225	27	term	term	NOUN
afbr-299	225	28	effect	effect	NOUN
afbr-299	225	29	on	on	ADP
afbr-299	225	30	the	the	DET
afbr-299	225	31	dollar	dollar	NOUN
afbr-299	225	32	rate	rate	NOUN
afbr-299	225	33	.	.	PUNCT
afbr-299	226	1	in	in	ADP
afbr-299	226	2	the	the	DET
afbr-299	226	3	co	co	NOUN
afbr-299	226	4	-	-	NOUN
afbr-299	226	5	integration	integration	NOUN
afbr-299	226	6	analysis	analysis	NOUN
afbr-299	226	7	,	,	PUNCT
afbr-299	226	8	we	we	PRON
afbr-299	226	9	checked	check	VERB
afbr-299	226	10	whether	whether	SCONJ
afbr-299	226	11	the	the	DET
afbr-299	226	12	above	above	ADJ
afbr-299	226	13	relationships	relationship	NOUN
afbr-299	226	14	are	be	AUX
afbr-299	226	15	credible	credible	ADJ
afbr-299	226	16	for	for	ADP
afbr-299	226	17	the	the	DET
afbr-299	226	18	long	long	ADJ
afbr-299	226	19	run	run	NOUN
afbr-299	226	20	or	or	CCONJ
afbr-299	226	21	not	not	PART
afbr-299	226	22	.	.	PUNCT
afbr-299	227	1	we	we	PRON
afbr-299	227	2	concluded	conclude	VERB
afbr-299	227	3	that	that	SCONJ
afbr-299	227	4	:	:	PUNCT
afbr-299	227	5			X
afbr-299	228	1	liquidity	liquidity	NOUN
afbr-299	228	2	affects	affect	VERB
afbr-299	228	3	dollar	dollar	NOUN
afbr-299	228	4	rate	rate	NOUN
afbr-299	228	5	in	in	ADP
afbr-299	228	6	the	the	DET
afbr-299	228	7	long	long	ADJ
afbr-299	228	8	run	run	NOUN
afbr-299	228	9			X
afbr-299	228	10	prices	price	NOUN
afbr-299	228	11	affect	affect	VERB
afbr-299	228	12	liquidity	liquidity	NOUN
afbr-299	228	13	in	in	ADP
afbr-299	228	14	the	the	DET
afbr-299	228	15	long	long	ADJ
afbr-299	228	16	run	run	NOUN
afbr-299	228	17			VERB
afbr-299	228	18	in	in	ADP
afbr-299	228	19	the	the	DET
afbr-299	228	20	long	long	ADJ
afbr-299	228	21	run	run	NOUN
afbr-299	228	22	,	,	PUNCT
afbr-299	228	23	liquidity	liquidity	NOUN
afbr-299	228	24	and	and	CCONJ
afbr-299	228	25	dollar	dollar	NOUN
afbr-299	228	26	rate	rate	NOUN
afbr-299	228	27	affect	affect	VERB
afbr-299	228	28	the	the	DET
afbr-299	228	29	price	price	NOUN
afbr-299	228	30	level	level	NOUN
afbr-299	228	31	the	the	DET
afbr-299	228	32	long	long	ADV
afbr-299	228	33	-	-	PUNCT
afbr-299	228	34	run	run	NOUN
afbr-299	228	35	analysis	analysis	NOUN
afbr-299	228	36	with	with	ADP
afbr-299	228	37	annual	annual	ADJ
afbr-299	228	38	data	datum	NOUN
afbr-299	228	39	shows	show	VERB
afbr-299	228	40	that	that	SCONJ
afbr-299	228	41	there	there	PRON
afbr-299	228	42	is	be	VERB
afbr-299	228	43	a	a	DET
afbr-299	228	44	significant	significant	ADJ
afbr-299	228	45	relationship	relationship	NOUN
afbr-299	228	46	between	between	ADP
afbr-299	228	47	selling	sell	VERB
afbr-299	228	48	foreign	foreign	ADJ
afbr-299	228	49	exchange	exchange	NOUN
afbr-299	228	50	in	in	ADP
afbr-299	228	51	the	the	DET
afbr-299	228	52	parallel	parallel	ADJ
afbr-299	228	53	market	market	NOUN
afbr-299	228	54	.	.	PUNCT
afbr-299	229	1	in	in	ADP
afbr-299	229	2	other	other	ADJ
afbr-299	229	3	words	word	NOUN
afbr-299	229	4	,	,	PUNCT
afbr-299	229	5	the	the	DET
afbr-299	229	6	dollar	dollar	NOUN
afbr-299	229	7	rate	rate	NOUN
afbr-299	229	8	is	be	AUX
afbr-299	229	9	a	a	DET
afbr-299	229	10	function	function	NOUN
afbr-299	229	11	of	of	ADP
afbr-299	229	12	the	the	DET
afbr-299	229	13	cumulative	cumulative	ADJ
afbr-299	229	14	balance	balance	NOUN
afbr-299	229	15	of	of	ADP
afbr-299	229	16	payments	payment	NOUN
afbr-299	229	17	,	,	PUNCT
afbr-299	229	18	liquidity	liquidity	NOUN
afbr-299	229	19	,	,	PUNCT
afbr-299	229	20	and	and	CCONJ
afbr-299	229	21	the	the	DET
afbr-299	229	22	amount	amount	NOUN
afbr-299	229	23	of	of	ADP
afbr-299	229	24	dollar	dollar	NOUN
afbr-299	229	25	sold	sell	VERB
afbr-299	229	26	in	in	ADP
afbr-299	229	27	the	the	DET
afbr-299	229	28	parallel	parallel	ADJ
afbr-299	229	29	market	market	NOUN
afbr-299	229	30	.	.	PUNCT
afbr-299	230	1	the	the	DET
afbr-299	230	2	short	short	ADJ
afbr-299	230	3	-	-	PUNCT
afbr-299	230	4	run	run	NOUN
afbr-299	230	5	analysis	analysis	NOUN
afbr-299	230	6	of	of	ADP
afbr-299	230	7	the	the	DET
afbr-299	230	8	relationships	relationship	NOUN
afbr-299	230	9	shows	show	VERB
afbr-299	230	10	that	that	SCONJ
afbr-299	230	11	6	6	NUM
afbr-299	230	12	bidabad	bidabad	NOUN
afbr-299	230	13	,	,	PUNCT
afbr-299	230	14	1996	1996	NUM
afbr-299	230	15	.	.	PUNCT
afbr-299	231	1	http://www.bidabad.com/	http://www.bidabad.com/	PROPN
afbr-299	231	2	http://www.cribfb.com/journal/index.php/afbr	http://www.cribfb.com/journal/index.php/afbr	PROPN
afbr-299	231	3	http://www.bidabad.com/	http://www.bidabad.com/	NOUN
afbr-299	232	1	copyright	copyright	PROPN
afbr-299	232	2	©	©	PROPN
afbr-299	232	3	cc	cc	PROPN
afbr-299	232	4	-	-	PUNCT
afbr-299	232	5	by	by	ADP
afbr-299	232	6	-	-	PUNCT
afbr-299	232	7	nc	nc	PROPN
afbr-299	232	8	2019	2019	NUM
afbr-299	232	9	,	,	PUNCT
afbr-299	232	10	cribfb	cribfb	PROPN
afbr-299	232	11	|	|	ADV
afbr-299	232	12	afbr	afbr	PROPN
afbr-299	232	13	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADJ
afbr-299	232	14	australian	australian	ADJ
afbr-299	232	15	finance	finance	PROPN
afbr-299	232	16	&	&	CCONJ
afbr-299	232	17	banking	banking	PROPN
afbr-299	232	18	review	review	PROPN
afbr-299	232	19	vol	vol	NOUN
afbr-299	232	20	.	.	PROPN
afbr-299	233	1	3	3	NUM
afbr-299	233	2	,	,	PUNCT
afbr-299	233	3	no	no	INTJ
afbr-299	233	4	.	.	NOUN
afbr-299	233	5	1	1	NUM
afbr-299	233	6	;	;	PUNCT
afbr-299	233	7	2019	2019	NUM
afbr-299	233	8	32	32	NUM
afbr-299	233	9	we	we	PRON
afbr-299	233	10	can	can	AUX
afbr-299	233	11	not	not	PART
afbr-299	233	12	find	find	VERB
afbr-299	233	13	a	a	DET
afbr-299	233	14	statistically	statistically	ADV
afbr-299	233	15	significant	significant	ADJ
afbr-299	233	16	relationship	relationship	NOUN
afbr-299	233	17	in	in	ADP
afbr-299	233	18	this	this	DET
afbr-299	233	19	regard	regard	NOUN
afbr-299	233	20	.	.	PUNCT
afbr-299	234	1	in	in	ADP
afbr-299	234	2	other	other	ADJ
afbr-299	234	3	words	word	NOUN
afbr-299	234	4	,	,	PUNCT
afbr-299	234	5	there	there	PRON
afbr-299	234	6	is	be	VERB
afbr-299	234	7	only	only	ADV
afbr-299	234	8	a	a	DET
afbr-299	234	9	long	long	ADV
afbr-299	234	10	-	-	PUNCT
afbr-299	234	11	run	run	NOUN
afbr-299	234	12	relationship	relationship	NOUN
afbr-299	234	13	between	between	ADP
afbr-299	234	14	the	the	DET
afbr-299	234	15	variables	variable	NOUN
afbr-299	234	16	,	,	PUNCT
afbr-299	234	17	and	and	CCONJ
afbr-299	234	18	there	there	PRON
afbr-299	234	19	is	be	VERB
afbr-299	234	20	not	not	PART
afbr-299	234	21	a	a	DET
afbr-299	234	22	clear	clear	ADJ
afbr-299	234	23	short	short	ADJ
afbr-299	234	24	term	term	NOUN
afbr-299	234	25	relationship	relationship	NOUN
afbr-299	234	26	for	for	ADP
afbr-299	234	27	them	they	PRON
afbr-299	234	28	.	.	PUNCT
afbr-299	235	1	the	the	DET
afbr-299	235	2	studies	study	NOUN
afbr-299	235	3	show	show	VERB
afbr-299	235	4	that	that	SCONJ
afbr-299	235	5	selling	sell	VERB
afbr-299	235	6	dollars	dollar	NOUN
afbr-299	235	7	in	in	ADP
afbr-299	235	8	the	the	DET
afbr-299	235	9	market	market	NOUN
afbr-299	235	10	with	with	ADP
afbr-299	235	11	different	different	ADJ
afbr-299	235	12	lags	lag	NOUN
afbr-299	235	13	have	have	VERB
afbr-299	235	14	small	small	ADJ
afbr-299	235	15	effects	effect	NOUN
afbr-299	235	16	on	on	ADP
afbr-299	235	17	the	the	DET
afbr-299	235	18	dollar	dollar	NOUN
afbr-299	235	19	rate	rate	NOUN
afbr-299	235	20	in	in	ADP
afbr-299	235	21	volatile	volatile	ADJ
afbr-299	235	22	directions	direction	NOUN
afbr-299	235	23	.	.	PUNCT
afbr-299	236	1	the	the	DET
afbr-299	236	2	same	same	ADJ
afbr-299	236	3	is	be	AUX
afbr-299	236	4	true	true	ADJ
afbr-299	236	5	with	with	ADP
afbr-299	236	6	the	the	DET
afbr-299	236	7	relationship	relationship	NOUN
afbr-299	236	8	of	of	ADP
afbr-299	236	9	dollar	dollar	NOUN
afbr-299	236	10	rate	rate	NOUN
afbr-299	236	11	and	and	CCONJ
afbr-299	236	12	liquidity	liquidity	NOUN
afbr-299	236	13	.	.	PUNCT
afbr-299	237	1	that	that	PRON
afbr-299	237	2	is	be	AUX
afbr-299	237	3	to	to	PART
afbr-299	237	4	say	say	VERB
afbr-299	237	5	,	,	PUNCT
afbr-299	237	6	in	in	ADP
afbr-299	237	7	spite	spite	NOUN
afbr-299	237	8	of	of	ADP
afbr-299	237	9	the	the	DET
afbr-299	237	10	existence	existence	NOUN
afbr-299	237	11	of	of	ADP
afbr-299	237	12	a	a	DET
afbr-299	237	13	long	long	ADV
afbr-299	237	14	-	-	PUNCT
afbr-299	237	15	run	run	NOUN
afbr-299	237	16	relationship	relationship	NOUN
afbr-299	237	17	between	between	ADP
afbr-299	237	18	dollar	dollar	NOUN
afbr-299	237	19	rate	rate	NOUN
afbr-299	237	20	and	and	CCONJ
afbr-299	237	21	liquidity	liquidity	NOUN
afbr-299	237	22	,	,	PUNCT
afbr-299	237	23	we	we	PRON
afbr-299	237	24	can	can	AUX
afbr-299	237	25	not	not	PART
afbr-299	237	26	find	find	VERB
afbr-299	237	27	this	this	DET
afbr-299	237	28	relationship	relationship	NOUN
afbr-299	237	29	for	for	ADP
afbr-299	237	30	the	the	DET
afbr-299	237	31	short	short	ADJ
afbr-299	237	32	run	run	NOUN
afbr-299	237	33	.	.	PUNCT
afbr-299	238	1	the	the	DET
afbr-299	238	2	same	same	ADJ
afbr-299	238	3	is	be	AUX
afbr-299	238	4	true	true	ADJ
afbr-299	238	5	for	for	ADP
afbr-299	238	6	the	the	DET
afbr-299	238	7	relationship	relationship	NOUN
afbr-299	238	8	between	between	ADP
afbr-299	238	9	the	the	DET
afbr-299	238	10	balance	balance	NOUN
afbr-299	238	11	of	of	ADP
afbr-299	238	12	payments	payment	NOUN
afbr-299	238	13	and	and	CCONJ
afbr-299	238	14	liquidity	liquidity	NOUN
afbr-299	238	15	in	in	ADP
afbr-299	238	16	the	the	DET
afbr-299	238	17	short	short	ADJ
afbr-299	238	18	run	run	NOUN
afbr-299	238	19	.	.	PUNCT
afbr-299	239	1	by	by	ADP
afbr-299	239	2	simulation	simulation	NOUN
afbr-299	239	3	of	of	ADP
afbr-299	239	4	the	the	DET
afbr-299	239	5	amount	amount	NOUN
afbr-299	239	6	of	of	ADP
afbr-299	239	7	foreign	foreign	ADJ
afbr-299	239	8	exchange	exchange	NOUN
afbr-299	239	9	sold	sell	VERB
afbr-299	239	10	in	in	ADP
afbr-299	239	11	the	the	DET
afbr-299	239	12	parallel	parallel	ADJ
afbr-299	239	13	market	market	NOUN
afbr-299	239	14	,	,	PUNCT
afbr-299	239	15	liquidity	liquidity	NOUN
afbr-299	239	16	,	,	PUNCT
afbr-299	239	17	and	and	CCONJ
afbr-299	239	18	cumulative	cumulative	ADJ
afbr-299	239	19	balance	balance	NOUN
afbr-299	239	20	of	of	ADP
afbr-299	239	21	payments	payment	NOUN
afbr-299	239	22	with	with	ADP
afbr-299	239	23	dollar	dollar	NOUN
afbr-299	239	24	rate	rate	NOUN
afbr-299	239	25	,	,	PUNCT
afbr-299	239	26	we	we	PRON
afbr-299	239	27	can	can	AUX
afbr-299	239	28	conclude	conclude	VERB
afbr-299	239	29	that	that	SCONJ
afbr-299	239	30	controlling	control	VERB
afbr-299	239	31	foreign	foreign	ADJ
afbr-299	239	32	exchange	exchange	NOUN
afbr-299	239	33	rate	rate	NOUN
afbr-299	239	34	in	in	ADP
afbr-299	239	35	the	the	DET
afbr-299	239	36	short	short	ADJ
afbr-299	239	37	run	run	NOUN
afbr-299	239	38	by	by	ADP
afbr-299	239	39	using	use	VERB
afbr-299	239	40	tools	tool	NOUN
afbr-299	239	41	such	such	ADJ
afbr-299	239	42	as	as	ADP
afbr-299	239	43	selling	sell	VERB
afbr-299	239	44	foreign	foreign	ADJ
afbr-299	239	45	exchange	exchange	NOUN
afbr-299	239	46	in	in	ADP
afbr-299	239	47	the	the	DET
afbr-299	239	48	parallel	parallel	ADJ
afbr-299	239	49	market	market	NOUN
afbr-299	239	50	or	or	CCONJ
afbr-299	239	51	controlling	control	VERB
afbr-299	239	52	the	the	DET
afbr-299	239	53	liquidity	liquidity	NOUN
afbr-299	239	54	is	be	AUX
afbr-299	239	55	not	not	PART
afbr-299	239	56	possible	possible	ADJ
afbr-299	239	57	,	,	PUNCT
afbr-299	239	58	but	but	CCONJ
afbr-299	239	59	in	in	ADP
afbr-299	239	60	the	the	DET
afbr-299	239	61	long	long	ADJ
afbr-299	239	62	run	run	NOUN
afbr-299	239	63	,	,	PUNCT
afbr-299	239	64	by	by	ADP
afbr-299	239	65	the	the	DET
afbr-299	239	66	policy	policy	NOUN
afbr-299	239	67	of	of	ADP
afbr-299	239	68	selling	sell	VERB
afbr-299	239	69	foreign	foreign	ADJ
afbr-299	239	70	exchange	exchange	NOUN
afbr-299	239	71	and	and	CCONJ
afbr-299	239	72	controlling	control	VERB
afbr-299	239	73	the	the	DET
afbr-299	239	74	liquidity	liquidity	NOUN
afbr-299	239	75	and	and	CCONJ
afbr-299	239	76	the	the	DET
afbr-299	239	77	balance	balance	NOUN
afbr-299	239	78	of	of	ADP
afbr-299	239	79	payments	payment	NOUN
afbr-299	239	80	,	,	PUNCT
afbr-299	239	81	we	we	PRON
afbr-299	239	82	can	can	AUX
afbr-299	239	83	control	control	VERB
afbr-299	239	84	the	the	DET
afbr-299	239	85	foreign	foreign	ADJ
afbr-299	239	86	exchange	exchange	NOUN
afbr-299	239	87	market	market	NOUN
afbr-299	239	88	.	.	PUNCT
afbr-299	240	1	references	reference	NOUN
afbr-299	240	2	bidabad	bidabad	VERB
afbr-299	240	3	,	,	PUNCT
afbr-299	240	4	bijan	bijan	NOUN
afbr-299	240	5	,	,	PUNCT
afbr-299	240	6	general	general	ADJ
afbr-299	240	7	monetary	monetary	ADJ
afbr-299	240	8	equilibrium	equilibrium	NOUN
afbr-299	240	9	.	.	PUNCT
afbr-299	241	1	lap	lap	NOUN
afbr-299	241	2	lambert	lambert	PROPN
afbr-299	241	3	academic	academic	PROPN
afbr-299	241	4	publishing	publishing	NOUN
afbr-299	241	5	,	,	PUNCT
afbr-299	241	6	omniscriptum	omniscriptum	PROPN
afbr-299	241	7	gmbh	gmbh	PROPN
afbr-299	241	8	&	&	CCONJ
afbr-299	241	9	co.	co.	PROPN
afbr-299	241	10	kg	kg	PROPN
afbr-299	241	11	,	,	PUNCT
afbr-299	241	12	isbn	isbn	ADJ
afbr-299	241	13	:	:	PUNCT
afbr-299	241	14	978	978	NUM
afbr-299	241	15	-	-	SYM
afbr-299	241	16	3	3	NUM
afbr-299	241	17	-	-	PUNCT
afbr-299	241	18	659	659	NUM
afbr-299	241	19	-	-	PUNCT
afbr-299	241	20	54045	54045	NUM
afbr-299	241	21	-	-	SYM
afbr-299	241	22	5	5	NUM
afbr-299	241	23	,	,	PUNCT
afbr-299	241	24	spring	spring	NOUN
afbr-299	241	25	2014	2014	NUM
afbr-299	241	26	.	.	PUNCT
afbr-299	242	1	bidabad	bidabad	ADJ
afbr-299	242	2	,	,	PUNCT
afbr-299	242	3	bijan	bijan	NOUN
afbr-299	242	4	,	,	PUNCT
afbr-299	242	5	parallel	parallel	ADJ
afbr-299	242	6	exchange	exchange	NOUN
afbr-299	242	7	market	market	NOUN
afbr-299	242	8	control	control	NOUN
afbr-299	242	9	by	by	ADP
afbr-299	242	10	monetary	monetary	ADJ
afbr-299	242	11	targeting	targeting	NOUN
afbr-299	242	12	and	and	CCONJ
afbr-299	242	13	complementary	complementary	ADJ
afbr-299	242	14	policies	policy	NOUN
afbr-299	242	15	.	.	PUNCT
afbr-299	243	1	monetary	monetary	ADJ
afbr-299	243	2	and	and	CCONJ
afbr-299	243	3	banking	banking	NOUN
afbr-299	243	4	research	research	PROPN
afbr-299	243	5	academy	academy	PROPN
afbr-299	243	6	,	,	PUNCT
afbr-299	243	7	central	central	ADJ
afbr-299	243	8	bank	bank	NOUN
afbr-299	243	9	of	of	ADP
afbr-299	243	10	iran	iran	PROPN
afbr-299	243	11	,	,	PUNCT
afbr-299	243	12	tehran	tehran	PROPN
afbr-299	243	13	,	,	PUNCT
afbr-299	243	14	iran	iran	PROPN
afbr-299	243	15	,	,	PUNCT
afbr-299	243	16	2007	2007	NUM
afbr-299	243	17	.	.	PUNCT
afbr-299	244	1	http://www.bidabad.com/doc/exchange-control.pdf	http://www.bidabad.com/doc/exchange-control.pdf	PROPN
afbr-299	244	2	bidabad	bidabad	NOUN
afbr-299	244	3	,	,	PUNCT
afbr-299	244	4	bijan	bijan	NOUN
afbr-299	244	5	,	,	PUNCT
afbr-299	244	6	and	and	CCONJ
afbr-299	244	7	n.	n.	PROPN
afbr-299	244	8	kalbasi	kalbasi	PROPN
afbr-299	244	9	anaraki	anaraki	PROPN
afbr-299	244	10	,	,	PUNCT
afbr-299	244	11	inflation	inflation	NOUN
afbr-299	244	12	targeting	target	VERB
afbr-299	244	13	:	:	PUNCT
afbr-299	244	14	case	case	NOUN
afbr-299	244	15	study	study	NOUN
afbr-299	244	16	of	of	ADP
afbr-299	244	17	iran	iran	PROPN
afbr-299	244	18	,	,	PUNCT
afbr-299	244	19	paper	paper	NOUN
afbr-299	244	20	prepared	prepare	VERB
afbr-299	244	21	for	for	ADP
afbr-299	244	22	the	the	DET
afbr-299	244	23	second	second	ADJ
afbr-299	244	24	hallescher	hallescher	NOUN
afbr-299	244	25	workshop	workshop	NOUN
afbr-299	244	26	.	.	PUNCT
afbr-299	245	1	http://www.bidabad.com/	http://www.bidabad.com/	PROPN
afbr-299	245	2	rmacdonald	rmacdonald	PROPN
afbr-299	245	3	(	(	PUNCT
afbr-299	245	4	1988	1988	NUM
afbr-299	245	5	)	)	PUNCT
afbr-299	245	6	,	,	PUNCT
afbr-299	245	7	floating	float	VERB
afbr-299	245	8	exchange	exchange	NOUN
afbr-299	245	9	rates	rate	NOUN
afbr-299	245	10	,	,	PUNCT
afbr-299	245	11	theories	theory	NOUN
afbr-299	245	12	and	and	CCONJ
afbr-299	245	13	evidence	evidence	NOUN
afbr-299	245	14	,	,	PUNCT
afbr-299	245	15	unwin	unwin	PROPN
afbr-299	245	16	hyman	hyman	PROPN
afbr-299	245	17	ltd	ltd	PROPN
afbr-299	245	18	.	.	PUNCT
afbr-299	246	1	bernanke	bernanke	PROPN
afbr-299	246	2	,	,	PUNCT
afbr-299	246	3	b.s	b.s	PROPN
afbr-299	246	4	.	.	PROPN
afbr-299	246	5	,	,	PUNCT
afbr-299	246	6	laubach	laubach	PROPN
afbr-299	246	7	,	,	PUNCT
afbr-299	246	8	t.	t.	PROPN
afbr-299	246	9	,	,	PUNCT
afbr-299	246	10	mishkin	mishkin	PROPN
afbr-299	246	11	,	,	PUNCT
afbr-299	246	12	f.s	f.s	PROPN
afbr-299	246	13	.	.	PROPN
afbr-299	246	14	and	and	CCONJ
afbr-299	246	15	posen	posen	PROPN
afbr-299	246	16	a.s	a.s	PROPN
afbr-299	246	17	.	.	PROPN
afbr-299	246	18	(	(	PUNCT
afbr-299	246	19	1999	1999	NUM
afbr-299	246	20	)	)	PUNCT
afbr-299	246	21	,	,	PUNCT
afbr-299	246	22	“	"	PUNCT
afbr-299	246	23	inflation	inflation	NOUN
afbr-299	246	24	targeting	target	VERB
afbr-299	246	25	”	"	PUNCT
afbr-299	246	26	princeton	princeton	PROPN
afbr-299	246	27	:	:	PUNCT
afbr-299	246	28	princeton	princeton	PROPN
afbr-299	246	29	university	university	PROPN
afbr-299	246	30	press	press	NOUN
afbr-299	246	31	.	.	PUNCT
afbr-299	247	1	kumhof	kumhof	NOUN
afbr-299	247	2	,	,	PUNCT
afbr-299	247	3	m.	m.	PROPN
afbr-299	247	4	li	li	PROPN
afbr-299	247	5	,	,	PUNCT
afbr-299	247	6	s.	s.	PROPN
afbr-299	247	7	and	and	CCONJ
afbr-299	247	8	yan	yan	PROPN
afbr-299	247	9	,	,	PUNCT
afbr-299	247	10	i.	i.	PROPN
afbr-299	247	11	(	(	PUNCT
afbr-299	247	12	2001	2001	NUM
afbr-299	247	13	)	)	PUNCT
afbr-299	247	14	,	,	PUNCT
afbr-299	247	15	“	"	PUNCT
afbr-299	247	16	balance	balance	NOUN
afbr-299	247	17	of	of	ADP
afbr-299	247	18	payments	payment	NOUN
afbr-299	247	19	crises	crisis	NOUN
afbr-299	247	20	under	under	ADP
afbr-299	247	21	inflation	inflation	NOUN
afbr-299	247	22	targeting	target	VERB
afbr-299	247	23	”	"	PUNCT
afbr-299	247	24	mimeo	mimeo	NOUN
afbr-299	247	25	,	,	PUNCT
afbr-299	247	26	stanford	stanford	PROPN
afbr-299	247	27	university	university	PROPN
afbr-299	247	28	.	.	PUNCT
afbr-299	248	1	mishkin	mishkin	PROPN
afbr-299	248	2	,	,	PUNCT
afbr-299	248	3	f.s	f.s	PROPN
afbr-299	248	4	.	.	PROPN
afbr-299	248	5	and	and	CCONJ
afbr-299	248	6	schmidt	schmidt	NOUN
afbr-299	248	7	-	-	PUNCT
afbr-299	248	8	hebbel	hebbel	PROPN
afbr-299	248	9	,	,	PUNCT
afbr-299	248	10	k.	k.	PROPN
afbr-299	248	11	(	(	PUNCT
afbr-299	248	12	2001	2001	NUM
afbr-299	248	13	)	)	PUNCT
afbr-299	248	14	“	"	PUNCT
afbr-299	248	15	one	one	NUM
afbr-299	248	16	decade	decade	NOUN
afbr-299	248	17	of	of	ADP
afbr-299	248	18	inflation	inflation	NOUN
afbr-299	248	19	targeting	target	VERB
afbr-299	248	20	in	in	ADP
afbr-299	248	21	the	the	DET
afbr-299	248	22	world	world	NOUN
afbr-299	248	23	:	:	PUNCT
afbr-299	248	24	what	what	PRON
afbr-299	248	25	do	do	AUX
afbr-299	248	26	we	we	PRON
afbr-299	248	27	know	know	VERB
afbr-299	248	28	and	and	CCONJ
afbr-299	248	29	what	what	PRON
afbr-299	248	30	do	do	AUX
afbr-299	248	31	we	we	PRON
afbr-299	248	32	need	need	VERB
afbr-299	248	33	to	to	PART
afbr-299	248	34	know	know	VERB
afbr-299	248	35	?	?	PUNCT
afbr-299	248	36	”	"	PUNCT
afbr-299	248	37	,	,	PUNCT
afbr-299	248	38	nber	nber	PROPN
afbr-299	248	39	8397	8397	NUM
afbr-299	248	40	.	.	PUNCT
afbr-299	249	1	ryan	ryan	PROPN
afbr-299	249	2	,	,	PUNCT
afbr-299	249	3	c.	c.	PROPN
afbr-299	249	4	and	and	CCONJ
afbr-299	249	5	thompson	thompson	PROPN
afbr-299	249	6	,	,	PUNCT
afbr-299	249	7	c.	c.	NOUN
afbr-299	249	8	(	(	PUNCT
afbr-299	249	9	2000	2000	NUM
afbr-299	249	10	)	)	PUNCT
afbr-299	249	11	,	,	PUNCT
afbr-299	249	12	“	"	PUNCT
afbr-299	249	13	inflation	inflation	NOUN
afbr-299	249	14	targeting	targeting	NOUN
afbr-299	249	15	and	and	CCONJ
afbr-299	249	16	exchange	exchange	NOUN
afbr-299	249	17	rate	rate	NOUN
afbr-299	249	18	fluctuations	fluctuation	NOUN
afbr-299	249	19	in	in	ADP
afbr-299	249	20	australia	australia	PROPN
afbr-299	249	21	”	"	PUNCT
afbr-299	249	22	reserve	reserve	PROPN
afbr-299	249	23	bank	bank	PROPN
afbr-299	249	24	of	of	ADP
afbr-299	249	25	australia	australia	PROPN
afbr-299	249	26	,	,	PUNCT
afbr-299	249	27	research	research	NOUN
afbr-299	249	28	discussion	discussion	NOUN
afbr-299	249	29	paper	paper	NOUN
afbr-299	249	30	2000	2000	NUM
afbr-299	249	31	-	-	SYM
afbr-299	249	32	06	06	NUM
afbr-299	249	33	.	.	PUNCT
afbr-299	250	1	jonas	jonas	PROPN
afbr-299	250	2	,	,	PUNCT
afbr-299	250	3	j.	j.	PROPN
afbr-299	250	4	;	;	PUNCT
afbr-299	250	5	f.s.mishkin	f.s.mishkin	PROPN
afbr-299	250	6	(	(	PUNCT
afbr-299	250	7	2003)"inflation	2003)"inflation	NOUN
afbr-299	250	8	targeting	target	VERB
afbr-299	250	9	in	in	ADP
afbr-299	250	10	transition	transition	NOUN
afbr-299	250	11	countries	country	NOUN
afbr-299	250	12	:	:	PUNCT
afbr-299	250	13	experience	experience	NOUN
afbr-299	250	14	and	and	CCONJ
afbr-299	250	15	prospects	prospect	NOUN
afbr-299	250	16	.	.	PUNCT
afbr-299	251	1	national	national	ADJ
afbr-299	251	2	bureau	bureau	PROPN
afbr-299	251	3	of	of	ADP
afbr-299	251	4	economic	economic	ADJ
afbr-299	251	5	research	research	NOUN
afbr-299	251	6	,	,	PUNCT
afbr-299	251	7	working	work	VERB
afbr-299	251	8	paper	paper	NOUN
afbr-299	251	9	9667	9667	NUM
afbr-299	251	10	.	.	PUNCT
afbr-299	252	1	april	april	PROPN
afbr-299	252	2	.	.	PUNCT
afbr-299	253	1	http://www.nber.org/papers/w9667/.	http://www.nber.org/papers/w9667/.	PROPN
afbr-299	253	2	bernanke	bernanke	PROPN
afbr-299	253	3	,	,	PUNCT
afbr-299	253	4	b.s	b.s	PROPN
afbr-299	253	5	.	.	PROPN
afbr-299	253	6	and	and	CCONJ
afbr-299	253	7	f.s	f.s	PROPN
afbr-299	253	8	.	.	PROPN
afbr-299	253	9	mishkin	mishkin	PROPN
afbr-299	253	10	,	,	PUNCT
afbr-299	253	11	"	"	PUNCT
afbr-299	253	12	inflation	inflation	NOUN
afbr-299	253	13	targeting	target	VERB
afbr-299	253	14	:	:	PUNCT
afbr-299	253	15	a	a	DET
afbr-299	253	16	new	new	ADJ
afbr-299	253	17	framework	framework	NOUN
afbr-299	253	18	for	for	ADP
afbr-299	253	19	monetary	monetary	ADJ
afbr-299	253	20	policy	policy	NOUN
afbr-299	253	21	,	,	PUNCT
afbr-299	253	22	journal	journal	NOUN
afbr-299	253	23	of	of	ADP
afbr-299	253	24	economic	economic	ADJ
afbr-299	253	25	perspectives	perspective	NOUN
afbr-299	253	26	,	,	PUNCT
afbr-299	253	27	1997	1997	NUM
afbr-299	253	28	.	.	PUNCT
afbr-299	254	1	bernanke	bernanke	PROPN
afbr-299	254	2	ben	ben	PROPN
afbr-299	254	3	s.	s.	PROPN
afbr-299	254	4	,	,	PUNCT
afbr-299	254	5	laubach	laubach	PROPN
afbr-299	254	6	,	,	PUNCT
afbr-299	254	7	thomas	thomas	PROPN
afbr-299	254	8	,	,	PUNCT
afbr-299	254	9	mishkin	mishkin	PROPN
afbr-299	254	10	fredric	fredric	PROPN
afbr-299	254	11	s.	s.	PROPN
afbr-299	254	12	and	and	CCONJ
afbr-299	254	13	posen	posen	PROPN
afbr-299	254	14	adam	adam	PROPN
afbr-299	254	15	s.	s.	PROPN
afbr-299	254	16	"	"	PUNCT
afbr-299	255	1	inflation	inflation	NOUN
afbr-299	255	2	targeting	target	VERB
afbr-299	255	3	:	:	PUNCT
afbr-299	255	4	lessons	lesson	NOUN
afbr-299	255	5	from	from	ADP
afbr-299	255	6	the	the	DET
afbr-299	255	7	international	international	ADJ
afbr-299	255	8	experience	experience	NOUN
afbr-299	255	9	.	.	PUNCT
afbr-299	256	1	princeton	princeton	PROPN
afbr-299	256	2	,	,	PUNCT
afbr-299	256	3	nj	nj	PROPN
afbr-299	256	4	:	:	PUNCT
afbr-299	256	5	princeton	princeton	PROPN
afbr-299	256	6	university	university	PROPN
afbr-299	256	7	press	press	NOUN
afbr-299	256	8	.	.	PUNCT
afbr-299	257	1	christiano	christiano	PROPN
afbr-299	257	2	,	,	PUNCT
afbr-299	257	3	lawrence	lawrence	PROPN
afbr-299	257	4	j.	j.	PROPN
afbr-299	257	5	,	,	PUNCT
afbr-299	257	6	martin	martin	PROPN
afbr-299	257	7	eichenbaum	eichenbaum	PROPN
afbr-299	257	8	;	;	PUNCT
afbr-299	257	9	charles	charles	PROPN
afbr-299	257	10	l.	l.	PROPN
afbr-299	257	11	evans	evans	PROPN
afbr-299	257	12	,	,	PUNCT
afbr-299	257	13	"	"	PUNCT
afbr-299	257	14	identification	identification	NOUN
afbr-299	257	15	of	of	ADP
afbr-299	257	16	the	the	DET
afbr-299	257	17	effects	effect	NOUN
afbr-299	257	18	of	of	ADP
afbr-299	257	19	monetary	monetary	ADJ
afbr-299	257	20	policy	policy	NOUN
afbr-299	257	21	shocks	shock	NOUN
afbr-299	257	22	,	,	PUNCT
afbr-299	257	23	"	"	PUNCT
afbr-299	257	24	in	in	ADP
afbr-299	257	25	m.i	m.i	PROPN
afbr-299	257	26	.	.	PROPN
afbr-299	257	27	blejer	blejer	PROPN
afbr-299	257	28	et	et	PROPN
afbr-299	257	29	al	al	PROPN
afbr-299	257	30	.	.	PUNCT
afbr-299	258	1	eds	ed	NOUN
afbr-299	258	2	,	,	PUNCT
afbr-299	258	3	financial	financial	ADJ
afbr-299	258	4	factors	factor	NOUN
afbr-299	258	5	in	in	ADP
afbr-299	258	6	economic	economic	ADJ
afbr-299	258	7	stabilization	stabilization	NOUN
afbr-299	258	8	and	and	CCONJ
afbr-299	258	9	growth	growth	NOUN
afbr-299	258	10	.	.	PUNCT
afbr-299	259	1	new	new	PROPN
afbr-299	259	2	york	york	PROPN
afbr-299	259	3	,	,	PUNCT
afbr-299	259	4	cambridge	cambridge	PROPN
afbr-299	259	5	university	university	PROPN
afbr-299	259	6	press	press	NOUN
afbr-299	259	7	,	,	PUNCT
afbr-299	259	8	1996	1996	NUM
afbr-299	259	9	.	.	PUNCT
afbr-299	260	1	mishkin	mishkin	PROPN
afbr-299	260	2	frederic	frederic	PROPN
afbr-299	260	3	s.	s.	PROPN
afbr-299	260	4	,	,	PUNCT
afbr-299	260	5	"	"	PUNCT
afbr-299	260	6	issues	issue	NOUN
afbr-299	260	7	in	in	ADP
afbr-299	260	8	inflation	inflation	NOUN
afbr-299	260	9	targeting	target	VERB
afbr-299	260	10	"	"	PUNCT
afbr-299	260	11	in	in	ADP
afbr-299	260	12	price	price	NOUN
afbr-299	260	13	stability	stability	NOUN
afbr-299	260	14	and	and	CCONJ
afbr-299	260	15	the	the	DET
afbr-299	260	16	long	long	ADV
afbr-299	260	17	-	-	PUNCT
afbr-299	260	18	run	run	NOUN
afbr-299	260	19	target	target	NOUN
afbr-299	260	20	for	for	ADP
afbr-299	260	21	monetary	monetary	ADJ
afbr-299	260	22	policy	policy	NOUN
afbr-299	260	23	,	,	PUNCT
afbr-299	260	24	bank	bank	PROPN
afbr-299	260	25	of	of	ADP
afbr-299	260	26	canada	canada	PROPN
afbr-299	260	27	,	,	PUNCT
afbr-299	260	28	ottawa	ottawa	PROPN
afbr-299	260	29	,	,	PUNCT
afbr-299	260	30	canada	canada	PROPN
afbr-299	260	31	,	,	PUNCT
afbr-299	260	32	2001	2001	NUM
afbr-299	260	33	.	.	PUNCT
afbr-299	261	1	copyrights	copyright	VERB
afbr-299	261	2	copyright	copyright	NOUN
afbr-299	261	3	for	for	ADP
afbr-299	261	4	this	this	DET
afbr-299	261	5	article	article	NOUN
afbr-299	261	6	is	be	AUX
afbr-299	261	7	retained	retain	VERB
afbr-299	261	8	by	by	ADP
afbr-299	261	9	the	the	DET
afbr-299	261	10	author(s	author(s	PROPN
afbr-299	261	11	)	)	PUNCT
afbr-299	261	12	,	,	PUNCT
afbr-299	261	13	with	with	ADP
afbr-299	261	14	first	first	ADJ
afbr-299	261	15	publication	publication	NOUN
afbr-299	261	16	rights	right	NOUN
afbr-299	261	17	granted	grant	VERB
afbr-299	261	18	to	to	ADP
afbr-299	261	19	the	the	DET
afbr-299	261	20	journal	journal	NOUN
afbr-299	261	21	.	.	PUNCT
afbr-299	262	1	this	this	PRON
afbr-299	262	2	is	be	AUX
afbr-299	262	3	an	an	DET
afbr-299	262	4	open	open	ADJ
afbr-299	262	5	-	-	PUNCT
afbr-299	262	6	access	access	NOUN
afbr-299	262	7	article	article	NOUN
afbr-299	262	8	distributed	distribute	VERB
afbr-299	262	9	under	under	ADP
afbr-299	262	10	the	the	DET
afbr-299	262	11	terms	term	NOUN
afbr-299	262	12	and	and	CCONJ
afbr-299	262	13	conditions	condition	NOUN
afbr-299	262	14	of	of	ADP
afbr-299	262	15	the	the	DET
afbr-299	262	16	creative	creative	ADJ
afbr-299	262	17	commons	common	NOUN
afbr-299	262	18	attribution	attribution	NOUN
afbr-299	262	19	license	license	NOUN
afbr-299	262	20	(	(	PUNCT
afbr-299	262	21	http://creativecommons.org/licenses/by/4.0/	http://creativecommons.org/licenses/by/4.0/	PROPN
afbr-299	262	22	)	)	PUNCT
afbr-299	262	23	http://www.cribfb.com/journal/index.php/afbr	http://www.cribfb.com/journal/index.php/afbr	NOUN
afbr-299	262	24	http://www.bidabad.com/doc/exchange-control.pdf	http://www.bidabad.com/doc/exchange-control.pdf	PROPN
afbr-299	262	25	http://www.bidabad.com/	http://www.bidabad.com/	NOUN
afbr-299	263	1	http://www.nber.org/papers/w9667/	http://www.nber.org/papers/w9667/	PRON