id	sid	tid	token	lemma	pos
fueconorg-5485	1	1	facta	facta	PROPN
fueconorg-5485	1	2	universitatis	universitatis	PROPN
fueconorg-5485	1	3	series	series	NOUN
fueconorg-5485	1	4	:	:	PUNCT
fueconorg-5485	1	5	economics	economic	NOUN
fueconorg-5485	1	6	and	and	CCONJ
fueconorg-5485	1	7	organization	organization	NOUN
fueconorg-5485	1	8	vol	vol	NOUN
fueconorg-5485	1	9	.	.	PROPN
fueconorg-5485	2	1	16	16	NUM
fueconorg-5485	2	2	,	,	PUNCT
fueconorg-5485	2	3	no	no	DET
fueconorg-5485	2	4	4	4	NUM
fueconorg-5485	2	5	,	,	PUNCT
fueconorg-5485	2	6	2019	2019	NUM
fueconorg-5485	2	7	,	,	PUNCT
fueconorg-5485	2	8	pp	pp	ADJ
fueconorg-5485	2	9	.	.	PUNCT
fueconorg-5485	3	1	443	443	NUM
fueconorg-5485	3	2	459	459	NUM
fueconorg-5485	3	3	https://doi.org/10.22190/fueo1904443	https://doi.org/10.22190/fueo1904443	NOUN
fueconorg-5485	3	4	m	m	NOUN
fueconorg-5485	3	5	©	©	PROPN
fueconorg-5485	3	6	2019	2019	NUM
fueconorg-5485	3	7	by	by	ADP
fueconorg-5485	3	8	university	university	PROPN
fueconorg-5485	3	9	of	of	ADP
fueconorg-5485	3	10	niš	niš	PROPN
fueconorg-5485	3	11	,	,	PUNCT
fueconorg-5485	3	12	serbia	serbia	PROPN
fueconorg-5485	3	13	|	|	ADV
fueconorg-5485	3	14	creative	creative	ADJ
fueconorg-5485	3	15	commons	common	NOUN
fueconorg-5485	3	16	licence	licence	NOUN
fueconorg-5485	3	17	:	:	PUNCT
fueconorg-5485	3	18	cc	cc	VERB
fueconorg-5485	3	19	by	by	ADP
fueconorg-5485	3	20	-	-	PUNCT
fueconorg-5485	3	21	nc	nc	VERB
fueconorg-5485	3	22	-	-	PUNCT
fueconorg-5485	3	23	nd	nd	ADV
fueconorg-5485	3	24	preliminary	preliminary	ADJ
fueconorg-5485	3	25	communication	communication	NOUN
fueconorg-5485	3	26	causality	causality	NOUN
fueconorg-5485	3	27	between	between	ADP
fueconorg-5485	3	28	exchange	exchange	NOUN
fueconorg-5485	3	29	rates	rate	NOUN
fueconorg-5485	3	30	and	and	CCONJ
fueconorg-5485	3	31	foreign	foreign	ADJ
fueconorg-5485	3	32	exchange	exchange	NOUN
fueconorg-5485	3	33	reserves	reserve	NOUN
fueconorg-5485	3	34	:	:	PUNCT
fueconorg-5485	3	35	serbian	serbian	ADJ
fueconorg-5485	3	36	case	case	NOUN
fueconorg-5485	3	37	1	1	NUM
fueconorg-5485	3	38	udc	udc	NOUN
fueconorg-5485	3	39	339.743(497.11	339.743(497.11	NUM
fueconorg-5485	3	40	)	)	PUNCT
fueconorg-5485	3	41	ivana	ivana	PROPN
fueconorg-5485	3	42	marjanović	marjanović	PROPN
fueconorg-5485	3	43	1	1	NUM
fueconorg-5485	3	44	,	,	PUNCT
fueconorg-5485	3	45	milan	milan	PROPN
fueconorg-5485	3	46	marković	marković	PROPN
fueconorg-5485	3	47	2	2	NUM
fueconorg-5485	3	48	1university	1university	NUM
fueconorg-5485	3	49	of	of	ADP
fueconorg-5485	3	50	niš	niš	NOUN
fueconorg-5485	3	51	,	,	PUNCT
fueconorg-5485	3	52	faculty	faculty	NOUN
fueconorg-5485	3	53	of	of	ADP
fueconorg-5485	3	54	economics	economic	NOUN
fueconorg-5485	3	55	,	,	PUNCT
fueconorg-5485	3	56	niš	niš	NOUN
fueconorg-5485	3	57	,	,	PUNCT
fueconorg-5485	3	58	serbia	serbia	PROPN
fueconorg-5485	3	59	2university	2university	PROPN
fueconorg-5485	3	60	of	of	ADP
fueconorg-5485	3	61	niš	niš	ADP
fueconorg-5485	3	62	,	,	PUNCT
fueconorg-5485	3	63	innovation	innovation	NOUN
fueconorg-5485	3	64	center	center	NOUN
fueconorg-5485	3	65	,	,	PUNCT
fueconorg-5485	3	66	niš	niš	NOUN
fueconorg-5485	3	67	,	,	PUNCT
fueconorg-5485	3	68	serbia	serbia	PROPN
fueconorg-5485	3	69	abstract	abstract	ADJ
fueconorg-5485	3	70	.	.	PUNCT
fueconorg-5485	4	1	the	the	DET
fueconorg-5485	4	2	aim	aim	NOUN
fueconorg-5485	4	3	of	of	ADP
fueconorg-5485	4	4	this	this	DET
fueconorg-5485	4	5	paper	paper	NOUN
fueconorg-5485	4	6	is	be	AUX
fueconorg-5485	4	7	to	to	PART
fueconorg-5485	4	8	determine	determine	VERB
fueconorg-5485	4	9	the	the	DET
fueconorg-5485	4	10	relationship	relationship	NOUN
fueconorg-5485	4	11	between	between	ADP
fueconorg-5485	4	12	the	the	DET
fueconorg-5485	4	13	exchange	exchange	NOUN
fueconorg-5485	4	14	rate	rate	NOUN
fueconorg-5485	4	15	(	(	PUNCT
fueconorg-5485	4	16	nominal	nominal	ADJ
fueconorg-5485	4	17	and	and	CCONJ
fueconorg-5485	4	18	real	real	ADJ
fueconorg-5485	4	19	)	)	PUNCT
fueconorg-5485	4	20	and	and	CCONJ
fueconorg-5485	4	21	foreign	foreign	ADJ
fueconorg-5485	4	22	exchange	exchange	NOUN
fueconorg-5485	4	23	reserves	reserve	NOUN
fueconorg-5485	4	24	based	base	VERB
fueconorg-5485	4	25	on	on	ADP
fueconorg-5485	4	26	monthly	monthly	ADJ
fueconorg-5485	4	27	data	datum	NOUN
fueconorg-5485	4	28	for	for	ADP
fueconorg-5485	4	29	the	the	DET
fueconorg-5485	4	30	period	period	NOUN
fueconorg-5485	4	31	from	from	ADP
fueconorg-5485	4	32	september	september	PROPN
fueconorg-5485	4	33	2006	2006	NUM
fueconorg-5485	4	34	to	to	ADP
fueconorg-5485	4	35	april	april	PROPN
fueconorg-5485	4	36	2019	2019	NUM
fueconorg-5485	4	37	,	,	PUNCT
fueconorg-5485	4	38	using	use	VERB
fueconorg-5485	4	39	unit	unit	NOUN
fueconorg-5485	4	40	root	root	NOUN
fueconorg-5485	4	41	tests	test	NOUN
fueconorg-5485	4	42	and	and	CCONJ
fueconorg-5485	4	43	cointegration	cointegration	NOUN
fueconorg-5485	4	44	tests	test	NOUN
fueconorg-5485	4	45	that	that	PRON
fueconorg-5485	4	46	take	take	VERB
fueconorg-5485	4	47	into	into	ADP
fueconorg-5485	4	48	account	account	NOUN
fueconorg-5485	4	49	the	the	DET
fueconorg-5485	4	50	possibility	possibility	NOUN
fueconorg-5485	4	51	of	of	ADP
fueconorg-5485	4	52	structural	structural	ADJ
fueconorg-5485	4	53	break	break	NOUN
fueconorg-5485	4	54	existence	existence	NOUN
fueconorg-5485	4	55	.	.	PUNCT
fueconorg-5485	5	1	the	the	DET
fueconorg-5485	5	2	results	result	NOUN
fueconorg-5485	5	3	of	of	ADP
fueconorg-5485	5	4	the	the	DET
fueconorg-5485	5	5	causality	causality	NOUN
fueconorg-5485	5	6	test	test	NOUN
fueconorg-5485	5	7	indicate	indicate	VERB
fueconorg-5485	5	8	that	that	SCONJ
fueconorg-5485	5	9	there	there	PRON
fueconorg-5485	5	10	is	be	VERB
fueconorg-5485	5	11	a	a	DET
fueconorg-5485	5	12	long	long	ADJ
fueconorg-5485	5	13	-	-	PUNCT
fueconorg-5485	5	14	term	term	NOUN
fueconorg-5485	5	15	relationship	relationship	NOUN
fueconorg-5485	5	16	between	between	ADP
fueconorg-5485	5	17	the	the	DET
fueconorg-5485	5	18	nominal	nominal	ADJ
fueconorg-5485	5	19	exchange	exchange	NOUN
fueconorg-5485	5	20	rate	rate	NOUN
fueconorg-5485	5	21	and	and	CCONJ
fueconorg-5485	5	22	foreign	foreign	ADJ
fueconorg-5485	5	23	exchange	exchange	NOUN
fueconorg-5485	5	24	reserves	reserve	NOUN
fueconorg-5485	5	25	.	.	PUNCT
fueconorg-5485	6	1	on	on	ADP
fueconorg-5485	6	2	the	the	DET
fueconorg-5485	6	3	other	other	ADJ
fueconorg-5485	6	4	hand	hand	NOUN
fueconorg-5485	6	5	,	,	PUNCT
fueconorg-5485	6	6	the	the	DET
fueconorg-5485	6	7	existence	existence	NOUN
fueconorg-5485	6	8	of	of	ADP
fueconorg-5485	6	9	a	a	DET
fueconorg-5485	6	10	long	long	ADJ
fueconorg-5485	6	11	-	-	PUNCT
fueconorg-5485	6	12	term	term	NOUN
fueconorg-5485	6	13	relationship	relationship	NOUN
fueconorg-5485	6	14	between	between	ADP
fueconorg-5485	6	15	the	the	DET
fueconorg-5485	6	16	real	real	ADJ
fueconorg-5485	6	17	exchange	exchange	NOUN
fueconorg-5485	6	18	rate	rate	NOUN
fueconorg-5485	6	19	and	and	CCONJ
fueconorg-5485	6	20	the	the	DET
fueconorg-5485	6	21	foreign	foreign	ADJ
fueconorg-5485	6	22	exchange	exchange	NOUN
fueconorg-5485	6	23	reserves	reserve	NOUN
fueconorg-5485	6	24	has	have	AUX
fueconorg-5485	6	25	not	not	PART
fueconorg-5485	6	26	been	be	AUX
fueconorg-5485	6	27	confirmed	confirm	VERB
fueconorg-5485	6	28	,	,	PUNCT
fueconorg-5485	6	29	but	but	CCONJ
fueconorg-5485	6	30	there	there	PRON
fueconorg-5485	6	31	is	be	VERB
fueconorg-5485	6	32	a	a	DET
fueconorg-5485	6	33	short	short	ADJ
fueconorg-5485	6	34	-	-	PUNCT
fueconorg-5485	6	35	term	term	NOUN
fueconorg-5485	6	36	causality	causality	NOUN
fueconorg-5485	6	37	,	,	PUNCT
fueconorg-5485	6	38	that	that	ADV
fueconorg-5485	6	39	is	is	ADV
fueconorg-5485	6	40	,	,	PUNCT
fueconorg-5485	6	41	the	the	DET
fueconorg-5485	6	42	real	real	ADJ
fueconorg-5485	6	43	exchange	exchange	NOUN
fueconorg-5485	6	44	rate	rate	NOUN
fueconorg-5485	6	45	granger	granger	NOUN
fueconorg-5485	6	46	-	-	PUNCT
fueconorg-5485	6	47	causes	cause	VERB
fueconorg-5485	6	48	foreign	foreign	ADJ
fueconorg-5485	6	49	exchange	exchange	NOUN
fueconorg-5485	6	50	reserves	reserve	NOUN
fueconorg-5485	6	51	.	.	PUNCT
fueconorg-5485	7	1	key	key	ADJ
fueconorg-5485	7	2	words	word	NOUN
fueconorg-5485	7	3	:	:	PUNCT
fueconorg-5485	7	4	exchange	exchange	NOUN
fueconorg-5485	7	5	rate	rate	NOUN
fueconorg-5485	7	6	,	,	PUNCT
fueconorg-5485	7	7	foreign	foreign	ADJ
fueconorg-5485	7	8	exchange	exchange	NOUN
fueconorg-5485	7	9	reserves	reserve	NOUN
fueconorg-5485	7	10	,	,	PUNCT
fueconorg-5485	7	11	unit	unit	NOUN
fueconorg-5485	7	12	root	root	NOUN
fueconorg-5485	7	13	tests	test	NOUN
fueconorg-5485	7	14	,	,	PUNCT
fueconorg-5485	7	15	cointegration	cointegration	NOUN
fueconorg-5485	7	16	tests	test	NOUN
fueconorg-5485	7	17	,	,	PUNCT
fueconorg-5485	7	18	granger	granger	PROPN
fueconorg-5485	7	19	causality	causality	PROPN
fueconorg-5485	7	20	,	,	PUNCT
fueconorg-5485	7	21	vector	vector	NOUN
fueconorg-5485	7	22	error	error	NOUN
fueconorg-5485	7	23	correction	correction	NOUN
fueconorg-5485	7	24	model	model	NOUN
fueconorg-5485	7	25	jel	jel	PROPN
fueconorg-5485	7	26	classification	classification	PROPN
fueconorg-5485	7	27	:	:	PUNCT
fueconorg-5485	7	28	c22	c22	PROPN
fueconorg-5485	7	29	,	,	PUNCT
fueconorg-5485	7	30	e44	e44	PROPN
fueconorg-5485	7	31	,	,	PUNCT
fueconorg-5485	7	32	f31	f31	PROPN
fueconorg-5485	7	33	1	1	NUM
fueconorg-5485	7	34	.	.	PUNCT
fueconorg-5485	8	1	introduction	introduction	NOUN
fueconorg-5485	8	2	exchange	exchange	NOUN
fueconorg-5485	8	3	rate	rate	NOUN
fueconorg-5485	8	4	is	be	AUX
fueconorg-5485	8	5	one	one	NUM
fueconorg-5485	8	6	of	of	ADP
fueconorg-5485	8	7	the	the	DET
fueconorg-5485	8	8	most	most	ADV
fueconorg-5485	8	9	important	important	ADJ
fueconorg-5485	8	10	determinants	determinant	NOUN
fueconorg-5485	8	11	of	of	ADP
fueconorg-5485	8	12	the	the	DET
fueconorg-5485	8	13	economic	economic	ADJ
fueconorg-5485	8	14	policy	policy	NOUN
fueconorg-5485	8	15	of	of	ADP
fueconorg-5485	8	16	each	each	DET
fueconorg-5485	8	17	country	country	NOUN
fueconorg-5485	8	18	.	.	PUNCT
fueconorg-5485	9	1	although	although	SCONJ
fueconorg-5485	9	2	in	in	ADP
fueconorg-5485	9	3	the	the	DET
fueconorg-5485	9	4	literature	literature	NOUN
fueconorg-5485	9	5	the	the	DET
fueconorg-5485	9	6	most	most	ADV
fueconorg-5485	9	7	frequent	frequent	ADJ
fueconorg-5485	9	8	is	be	AUX
fueconorg-5485	9	9	the	the	DET
fueconorg-5485	9	10	fixed	fix	VERB
fueconorg-5485	9	11	and	and	CCONJ
fueconorg-5485	9	12	floating	float	VERB
fueconorg-5485	9	13	exchange	exchange	NOUN
fueconorg-5485	9	14	rate	rate	NOUN
fueconorg-5485	9	15	,	,	PUNCT
fueconorg-5485	9	16	there	there	PRON
fueconorg-5485	9	17	are	be	VERB
fueconorg-5485	9	18	several	several	ADJ
fueconorg-5485	9	19	regimes	regime	NOUN
fueconorg-5485	9	20	of	of	ADP
fueconorg-5485	9	21	exchange	exchange	NOUN
fueconorg-5485	9	22	rates	rate	NOUN
fueconorg-5485	9	23	between	between	ADP
fueconorg-5485	9	24	them	they	PRON
fueconorg-5485	9	25	.	.	PUNCT
fueconorg-5485	10	1	the	the	DET
fueconorg-5485	10	2	republic	republic	NOUN
fueconorg-5485	10	3	of	of	ADP
fueconorg-5485	10	4	serbia	serbia	PROPN
fueconorg-5485	10	5	has	have	AUX
fueconorg-5485	10	6	opted	opt	VERB
fueconorg-5485	10	7	for	for	ADP
fueconorg-5485	10	8	such	such	DET
fueconorg-5485	10	9	a	a	DET
fueconorg-5485	10	10	regime	regime	NOUN
fueconorg-5485	10	11	,	,	PUNCT
fueconorg-5485	10	12	which	which	PRON
fueconorg-5485	10	13	implies	imply	VERB
fueconorg-5485	10	14	free	free	ADJ
fueconorg-5485	10	15	formation	formation	NOUN
fueconorg-5485	10	16	of	of	ADP
fueconorg-5485	10	17	the	the	DET
fueconorg-5485	10	18	exchange	exchange	NOUN
fueconorg-5485	10	19	rate	rate	NOUN
fueconorg-5485	10	20	on	on	ADP
fueconorg-5485	10	21	the	the	DET
fueconorg-5485	10	22	foreign	foreign	ADJ
fueconorg-5485	10	23	exchange	exchange	NOUN
fueconorg-5485	10	24	market	market	NOUN
fueconorg-5485	10	25	,	,	PUNCT
fueconorg-5485	10	26	but	but	CCONJ
fueconorg-5485	10	27	with	with	ADP
fueconorg-5485	10	28	certain	certain	ADJ
fueconorg-5485	10	29	interventions	intervention	NOUN
fueconorg-5485	10	30	of	of	ADP
fueconorg-5485	10	31	the	the	DET
fueconorg-5485	10	32	national	national	PROPN
fueconorg-5485	10	33	bank	bank	PROPN
fueconorg-5485	10	34	of	of	ADP
fueconorg-5485	10	35	serbia	serbia	PROPN
fueconorg-5485	10	36	.	.	PUNCT
fueconorg-5485	11	1	it	it	PRON
fueconorg-5485	11	2	is	be	AUX
fueconorg-5485	11	3	a	a	DET
fueconorg-5485	11	4	regime	regime	NOUN
fueconorg-5485	11	5	of	of	ADP
fueconorg-5485	11	6	managed	manage	VERB
fueconorg-5485	11	7	floating	float	VERB
fueconorg-5485	11	8	exchange	exchange	NOUN
fueconorg-5485	11	9	rate	rate	NOUN
fueconorg-5485	11	10	.	.	PUNCT
fueconorg-5485	12	1	in	in	ADP
fueconorg-5485	12	2	this	this	DET
fueconorg-5485	12	3	regime	regime	NOUN
fueconorg-5485	12	4	there	there	PRON
fueconorg-5485	12	5	is	be	VERB
fueconorg-5485	12	6	monetary	monetary	ADJ
fueconorg-5485	12	7	independence	independence	NOUN
fueconorg-5485	12	8	,	,	PUNCT
fueconorg-5485	12	9	so	so	SCONJ
fueconorg-5485	12	10	that	that	SCONJ
fueconorg-5485	12	11	the	the	DET
fueconorg-5485	12	12	central	central	ADJ
fueconorg-5485	12	13	bank	bank	NOUN
fueconorg-5485	12	14	can	can	AUX
fueconorg-5485	12	15	influence	influence	VERB
fueconorg-5485	12	16	external	external	ADJ
fueconorg-5485	12	17	shocks	shock	NOUN
fueconorg-5485	12	18	by	by	ADP
fueconorg-5485	12	19	spending	spend	VERB
fueconorg-5485	12	20	foreign	foreign	NOUN
fueconorg-5485	12	21	received	receive	VERB
fueconorg-5485	12	22	july	july	PROPN
fueconorg-5485	12	23	14	14	NUM
fueconorg-5485	12	24	,	,	PUNCT
fueconorg-5485	12	25	2019	2019	NUM
fueconorg-5485	12	26	/	/	SYM
fueconorg-5485	12	27	revised	revise	VERB
fueconorg-5485	12	28	october	october	PROPN
fueconorg-5485	12	29	22	22	NUM
fueconorg-5485	12	30	,	,	PUNCT
fueconorg-5485	12	31	2019	2019	NUM
fueconorg-5485	12	32	/	/	SYM
fueconorg-5485	12	33	accepted	accept	VERB
fueconorg-5485	12	34	october	october	PROPN
fueconorg-5485	12	35	26	26	NUM
fueconorg-5485	12	36	,	,	PUNCT
fueconorg-5485	12	37	2019	2019	NUM
fueconorg-5485	12	38	corresponding	correspond	VERB
fueconorg-5485	12	39	author	author	NOUN
fueconorg-5485	12	40	:	:	PUNCT
fueconorg-5485	12	41	ivana	ivana	PROPN
fueconorg-5485	12	42	marjanović	marjanović	PROPN
fueconorg-5485	12	43	university	university	PROPN
fueconorg-5485	12	44	of	of	ADP
fueconorg-5485	12	45	niš	niš	PROPN
fueconorg-5485	12	46	,	,	PUNCT
fueconorg-5485	12	47	faculty	faculty	NOUN
fueconorg-5485	12	48	of	of	ADP
fueconorg-5485	12	49	economics	economic	NOUN
fueconorg-5485	12	50	,	,	PUNCT
fueconorg-5485	12	51	trg	trg	PROPN
fueconorg-5485	12	52	kralja	kralja	PROPN
fueconorg-5485	12	53	aleksandra	aleksandra	PROPN
fueconorg-5485	12	54	ujedinitelja	ujedinitelja	PROPN
fueconorg-5485	12	55	11	11	NUM
fueconorg-5485	12	56	,	,	PUNCT
fueconorg-5485	12	57	18000	18000	NUM
fueconorg-5485	12	58	niš	niš	NOUN
fueconorg-5485	12	59	,	,	PUNCT
fueconorg-5485	12	60	serbia	serbia	PROPN
fueconorg-5485	12	61	e	e	NOUN
fueconorg-5485	12	62	-	-	NOUN
fueconorg-5485	12	63	mail	mail	NOUN
fueconorg-5485	12	64	:	:	PUNCT
fueconorg-5485	12	65	ivana.veselinovic@eknfak.ni.ac.rs	ivana.veselinovic@eknfak.ni.ac.rs	PRON
fueconorg-5485	12	66	444	444	NUM
fueconorg-5485	12	67	i.	i.	NOUN
fueconorg-5485	12	68	marjanović	marjanović	NOUN
fueconorg-5485	12	69	,	,	PUNCT
fueconorg-5485	12	70	m.	m.	NOUN
fueconorg-5485	12	71	marković	marković	NOUN
fueconorg-5485	12	72	currency	currency	NOUN
fueconorg-5485	12	73	reserves	reserve	NOUN
fueconorg-5485	12	74	.	.	PUNCT
fueconorg-5485	13	1	the	the	DET
fueconorg-5485	13	2	national	national	PROPN
fueconorg-5485	13	3	bank	bank	PROPN
fueconorg-5485	13	4	of	of	ADP
fueconorg-5485	13	5	serbia	serbia	PROPN
fueconorg-5485	13	6	has	have	VERB
fueconorg-5485	13	7	the	the	DET
fueconorg-5485	13	8	task	task	NOUN
fueconorg-5485	13	9	of	of	ADP
fueconorg-5485	13	10	intervening	intervene	VERB
fueconorg-5485	13	11	in	in	ADP
fueconorg-5485	13	12	the	the	DET
fueconorg-5485	13	13	foreign	foreign	ADJ
fueconorg-5485	13	14	exchange	exchange	NOUN
fueconorg-5485	13	15	market	market	NOUN
fueconorg-5485	13	16	mainly	mainly	ADV
fueconorg-5485	13	17	to	to	PART
fueconorg-5485	13	18	prevent	prevent	VERB
fueconorg-5485	13	19	excessive	excessive	ADJ
fueconorg-5485	13	20	daily	daily	ADJ
fueconorg-5485	13	21	oscillations	oscillation	NOUN
fueconorg-5485	13	22	of	of	ADP
fueconorg-5485	13	23	the	the	DET
fueconorg-5485	13	24	nominal	nominal	ADJ
fueconorg-5485	13	25	exchange	exchange	NOUN
fueconorg-5485	13	26	rate	rate	NOUN
fueconorg-5485	13	27	.	.	PUNCT
fueconorg-5485	14	1	this	this	PRON
fueconorg-5485	14	2	is	be	AUX
fueconorg-5485	14	3	to	to	PART
fueconorg-5485	14	4	prevent	prevent	VERB
fueconorg-5485	14	5	possible	possible	ADJ
fueconorg-5485	14	6	speculative	speculative	ADJ
fueconorg-5485	14	7	attacks	attack	NOUN
fueconorg-5485	14	8	since	since	SCONJ
fueconorg-5485	14	9	there	there	PRON
fueconorg-5485	14	10	is	be	VERB
fueconorg-5485	14	11	a	a	DET
fueconorg-5485	14	12	higher	high	ADJ
fueconorg-5485	14	13	degree	degree	NOUN
fueconorg-5485	14	14	of	of	ADP
fueconorg-5485	14	15	uncertainty	uncertainty	NOUN
fueconorg-5485	14	16	due	due	ADP
fueconorg-5485	14	17	to	to	ADP
fueconorg-5485	14	18	a	a	DET
fueconorg-5485	14	19	change	change	NOUN
fueconorg-5485	14	20	in	in	ADP
fueconorg-5485	14	21	the	the	DET
fueconorg-5485	14	22	exchange	exchange	NOUN
fueconorg-5485	14	23	rate	rate	NOUN
fueconorg-5485	14	24	.	.	PUNCT
fueconorg-5485	15	1	if	if	SCONJ
fueconorg-5485	15	2	there	there	PRON
fueconorg-5485	15	3	is	be	VERB
fueconorg-5485	15	4	pressure	pressure	NOUN
fueconorg-5485	15	5	on	on	ADP
fueconorg-5485	15	6	the	the	DET
fueconorg-5485	15	7	foreign	foreign	ADJ
fueconorg-5485	15	8	exchange	exchange	NOUN
fueconorg-5485	15	9	market	market	NOUN
fueconorg-5485	15	10	,	,	PUNCT
fueconorg-5485	15	11	which	which	PRON
fueconorg-5485	15	12	conditioned	condition	VERB
fueconorg-5485	15	13	on	on	ADP
fueconorg-5485	15	14	the	the	DET
fueconorg-5485	15	15	excessive	excessive	ADJ
fueconorg-5485	15	16	growth	growth	NOUN
fueconorg-5485	15	17	of	of	ADP
fueconorg-5485	15	18	the	the	DET
fueconorg-5485	15	19	exchange	exchange	NOUN
fueconorg-5485	15	20	rate	rate	NOUN
fueconorg-5485	15	21	on	on	ADP
fueconorg-5485	15	22	a	a	DET
fueconorg-5485	15	23	daily	daily	ADJ
fueconorg-5485	15	24	basis	basis	NOUN
fueconorg-5485	15	25	,	,	PUNCT
fueconorg-5485	15	26	the	the	DET
fueconorg-5485	15	27	central	central	ADJ
fueconorg-5485	15	28	bank	bank	NOUN
fueconorg-5485	15	29	will	will	AUX
fueconorg-5485	15	30	initiate	initiate	VERB
fueconorg-5485	15	31	the	the	DET
fueconorg-5485	15	32	sale	sale	NOUN
fueconorg-5485	15	33	of	of	ADP
fueconorg-5485	15	34	foreign	foreign	ADJ
fueconorg-5485	15	35	exchange	exchange	NOUN
fueconorg-5485	15	36	,	,	PUNCT
fueconorg-5485	15	37	while	while	SCONJ
fueconorg-5485	15	38	,	,	PUNCT
fueconorg-5485	15	39	if	if	SCONJ
fueconorg-5485	15	40	the	the	DET
fueconorg-5485	15	41	appreciation	appreciation	NOUN
fueconorg-5485	15	42	pressures	pressure	NOUN
fueconorg-5485	15	43	are	be	AUX
fueconorg-5485	15	44	expected	expect	VERB
fueconorg-5485	15	45	,	,	PUNCT
fueconorg-5485	15	46	the	the	DET
fueconorg-5485	15	47	central	central	ADJ
fueconorg-5485	15	48	bank	bank	NOUN
fueconorg-5485	15	49	will	will	AUX
fueconorg-5485	15	50	in	in	ADP
fueconorg-5485	15	51	that	that	DET
fueconorg-5485	15	52	case	case	NOUN
fueconorg-5485	15	53	buy	buy	VERB
fueconorg-5485	15	54	foreign	foreign	ADJ
fueconorg-5485	15	55	currency	currency	NOUN
fueconorg-5485	15	56	on	on	ADP
fueconorg-5485	15	57	the	the	DET
fueconorg-5485	15	58	foreign	foreign	ADJ
fueconorg-5485	15	59	exchange	exchange	NOUN
fueconorg-5485	15	60	market	market	NOUN
fueconorg-5485	15	61	.	.	PUNCT
fueconorg-5485	16	1	such	such	DET
fueconorg-5485	16	2	a	a	DET
fueconorg-5485	16	3	policy	policy	NOUN
fueconorg-5485	16	4	allows	allow	VERB
fueconorg-5485	16	5	for	for	ADP
fueconorg-5485	16	6	a	a	DET
fueconorg-5485	16	7	certain	certain	ADJ
fueconorg-5485	16	8	degree	degree	NOUN
fueconorg-5485	16	9	of	of	ADP
fueconorg-5485	16	10	flexibility	flexibility	NOUN
fueconorg-5485	16	11	for	for	ADP
fueconorg-5485	16	12	the	the	DET
fueconorg-5485	16	13	central	central	ADJ
fueconorg-5485	16	14	bank	bank	NOUN
fueconorg-5485	16	15	and	and	CCONJ
fueconorg-5485	16	16	does	do	AUX
fueconorg-5485	16	17	not	not	PART
fueconorg-5485	16	18	imply	imply	VERB
fueconorg-5485	16	19	directing	direct	VERB
fueconorg-5485	16	20	or	or	CCONJ
fueconorg-5485	16	21	holding	hold	VERB
fueconorg-5485	16	22	a	a	DET
fueconorg-5485	16	23	foreign	foreign	ADJ
fueconorg-5485	16	24	exchange	exchange	NOUN
fueconorg-5485	16	25	rate	rate	NOUN
fueconorg-5485	16	26	in	in	ADP
fueconorg-5485	16	27	certain	certain	ADJ
fueconorg-5485	16	28	oscillation	oscillation	NOUN
fueconorg-5485	16	29	zones	zone	NOUN
fueconorg-5485	16	30	.	.	PUNCT
fueconorg-5485	17	1	in	in	ADP
fueconorg-5485	17	2	addition	addition	NOUN
fueconorg-5485	17	3	to	to	ADP
fueconorg-5485	17	4	maintaining	maintain	VERB
fueconorg-5485	17	5	the	the	DET
fueconorg-5485	17	6	stability	stability	NOUN
fueconorg-5485	17	7	of	of	ADP
fueconorg-5485	17	8	the	the	DET
fueconorg-5485	17	9	foreign	foreign	ADJ
fueconorg-5485	17	10	exchange	exchange	NOUN
fueconorg-5485	17	11	rate	rate	NOUN
fueconorg-5485	17	12	of	of	ADP
fueconorg-5485	17	13	the	the	DET
fueconorg-5485	17	14	dinar	dinar	PROPN
fueconorg-5485	17	15	against	against	ADP
fueconorg-5485	17	16	the	the	DET
fueconorg-5485	17	17	euro	euro	NOUN
fueconorg-5485	17	18	,	,	PUNCT
fueconorg-5485	17	19	the	the	DET
fueconorg-5485	17	20	national	national	PROPN
fueconorg-5485	17	21	bank	bank	PROPN
fueconorg-5485	17	22	of	of	ADP
fueconorg-5485	17	23	serbia	serbia	PROPN
fueconorg-5485	17	24	(	(	PUNCT
fueconorg-5485	17	25	national	national	PROPN
fueconorg-5485	17	26	bank	bank	PROPN
fueconorg-5485	17	27	of	of	ADP
fueconorg-5485	17	28	serbia	serbia	PROPN
fueconorg-5485	17	29	,	,	PUNCT
fueconorg-5485	17	30	2019	2019	NUM
fueconorg-5485	17	31	)	)	PUNCT
fueconorg-5485	17	32	is	be	AUX
fueconorg-5485	17	33	used	use	VERB
fueconorg-5485	17	34	for	for	ADP
fueconorg-5485	17	35	:	:	PUNCT
fueconorg-5485	17	36	the	the	DET
fueconorg-5485	17	37	settlement	settlement	NOUN
fueconorg-5485	17	38	of	of	ADP
fueconorg-5485	17	39	the	the	DET
fueconorg-5485	17	40	obligations	obligation	NOUN
fueconorg-5485	17	41	of	of	ADP
fueconorg-5485	17	42	the	the	DET
fueconorg-5485	17	43	republic	republic	NOUN
fueconorg-5485	17	44	of	of	ADP
fueconorg-5485	17	45	serbia	serbia	PROPN
fueconorg-5485	17	46	towards	towards	ADP
fueconorg-5485	17	47	foreign	foreign	ADJ
fueconorg-5485	17	48	creditors	creditor	NOUN
fueconorg-5485	17	49	,	,	PUNCT
fueconorg-5485	17	50	maintaining	maintain	VERB
fueconorg-5485	17	51	the	the	DET
fueconorg-5485	17	52	stability	stability	NOUN
fueconorg-5485	17	53	of	of	ADP
fueconorg-5485	17	54	the	the	DET
fueconorg-5485	17	55	banking	banking	NOUN
fueconorg-5485	17	56	system	system	NOUN
fueconorg-5485	17	57	and	and	CCONJ
fueconorg-5485	17	58	financing	financing	NOUN
fueconorg-5485	17	59	deficit	deficit	NOUN
fueconorg-5485	17	60	in	in	ADP
fueconorg-5485	17	61	foreign	foreign	ADJ
fueconorg-5485	17	62	trade	trade	NOUN
fueconorg-5485	17	63	.	.	PUNCT
fueconorg-5485	18	1	for	for	ADP
fueconorg-5485	18	2	forecasting	forecast	VERB
fueconorg-5485	18	3	the	the	DET
fueconorg-5485	18	4	future	future	ADJ
fueconorg-5485	18	5	movements	movement	NOUN
fueconorg-5485	18	6	in	in	ADP
fueconorg-5485	18	7	the	the	DET
fueconorg-5485	18	8	exchange	exchange	NOUN
fueconorg-5485	18	9	rates	rate	NOUN
fueconorg-5485	18	10	and	and	CCONJ
fueconorg-5485	18	11	foreign	foreign	ADJ
fueconorg-5485	18	12	exchange	exchange	NOUN
fueconorg-5485	18	13	reserves	reserve	NOUN
fueconorg-5485	18	14	,	,	PUNCT
fueconorg-5485	18	15	and	and	CCONJ
fueconorg-5485	18	16	timely	timely	ADJ
fueconorg-5485	18	17	undertaking	undertaking	NOUN
fueconorg-5485	18	18	of	of	ADP
fueconorg-5485	18	19	corrective	corrective	ADJ
fueconorg-5485	18	20	actions	action	NOUN
fueconorg-5485	18	21	,	,	PUNCT
fueconorg-5485	18	22	it	it	PRON
fueconorg-5485	18	23	is	be	AUX
fueconorg-5485	18	24	desirable	desirable	ADJ
fueconorg-5485	18	25	to	to	PART
fueconorg-5485	18	26	determine	determine	VERB
fueconorg-5485	18	27	the	the	DET
fueconorg-5485	18	28	type	type	NOUN
fueconorg-5485	18	29	and	and	CCONJ
fueconorg-5485	18	30	direction	direction	NOUN
fueconorg-5485	18	31	of	of	ADP
fueconorg-5485	18	32	their	their	PRON
fueconorg-5485	18	33	interdependence	interdependence	NOUN
fueconorg-5485	18	34	.	.	PUNCT
fueconorg-5485	19	1	therefore	therefore	ADV
fueconorg-5485	19	2	,	,	PUNCT
fueconorg-5485	19	3	the	the	DET
fueconorg-5485	19	4	objective	objective	NOUN
fueconorg-5485	19	5	of	of	ADP
fueconorg-5485	19	6	this	this	DET
fueconorg-5485	19	7	paper	paper	NOUN
fueconorg-5485	19	8	is	be	AUX
fueconorg-5485	19	9	to	to	PART
fueconorg-5485	19	10	investigate	investigate	VERB
fueconorg-5485	19	11	the	the	DET
fueconorg-5485	19	12	relationship	relationship	NOUN
fueconorg-5485	19	13	between	between	ADP
fueconorg-5485	19	14	the	the	DET
fueconorg-5485	19	15	exchange	exchange	NOUN
fueconorg-5485	19	16	rates	rate	NOUN
fueconorg-5485	19	17	(	(	PUNCT
fueconorg-5485	19	18	real	real	ADJ
fueconorg-5485	19	19	and	and	CCONJ
fueconorg-5485	19	20	nominal	nominal	ADJ
fueconorg-5485	19	21	)	)	PUNCT
fueconorg-5485	19	22	and	and	CCONJ
fueconorg-5485	19	23	foreign	foreign	ADJ
fueconorg-5485	19	24	exchange	exchange	NOUN
fueconorg-5485	19	25	reserves	reserve	NOUN
fueconorg-5485	19	26	in	in	ADP
fueconorg-5485	19	27	the	the	DET
fueconorg-5485	19	28	republic	republic	NOUN
fueconorg-5485	19	29	of	of	ADP
fueconorg-5485	19	30	serbia	serbia	PROPN
fueconorg-5485	19	31	.	.	PUNCT
fueconorg-5485	20	1	however	however	ADV
fueconorg-5485	20	2	,	,	PUNCT
fueconorg-5485	20	3	when	when	SCONJ
fueconorg-5485	20	4	analysing	analyse	VERB
fueconorg-5485	20	5	economic	economic	ADJ
fueconorg-5485	20	6	time	time	NOUN
fueconorg-5485	20	7	series	series	PROPN
fueconorg-5485	20	8	,	,	PUNCT
fueconorg-5485	20	9	stationarity	stationarity	NOUN
fueconorg-5485	20	10	issues	issue	NOUN
fueconorg-5485	20	11	should	should	AUX
fueconorg-5485	20	12	be	be	AUX
fueconorg-5485	20	13	taken	take	VERB
fueconorg-5485	20	14	into	into	ADP
fueconorg-5485	20	15	consideration	consideration	NOUN
fueconorg-5485	20	16	.	.	PUNCT
fueconorg-5485	21	1	analysis	analysis	NOUN
fueconorg-5485	21	2	of	of	ADP
fueconorg-5485	21	3	time	time	NOUN
fueconorg-5485	21	4	series	series	NOUN
fueconorg-5485	21	5	that	that	PRON
fueconorg-5485	21	6	do	do	AUX
fueconorg-5485	21	7	not	not	PART
fueconorg-5485	21	8	meet	meet	VERB
fueconorg-5485	21	9	the	the	DET
fueconorg-5485	21	10	requirement	requirement	NOUN
fueconorg-5485	21	11	of	of	ADP
fueconorg-5485	21	12	stationarity	stationarity	NOUN
fueconorg-5485	21	13	can	can	AUX
fueconorg-5485	21	14	lead	lead	VERB
fueconorg-5485	21	15	to	to	ADP
fueconorg-5485	21	16	biased	biased	ADJ
fueconorg-5485	21	17	results	result	NOUN
fueconorg-5485	21	18	and	and	CCONJ
fueconorg-5485	21	19	wrong	wrong	ADJ
fueconorg-5485	21	20	conclusions	conclusion	NOUN
fueconorg-5485	21	21	about	about	ADP
fueconorg-5485	21	22	the	the	DET
fueconorg-5485	21	23	results	result	NOUN
fueconorg-5485	21	24	of	of	ADP
fueconorg-5485	21	25	statistical	statistical	ADJ
fueconorg-5485	21	26	testing	testing	NOUN
fueconorg-5485	21	27	.	.	PUNCT
fueconorg-5485	22	1	therefore	therefore	ADV
fueconorg-5485	22	2	,	,	PUNCT
fueconorg-5485	22	3	with	with	ADP
fueconorg-5485	22	4	the	the	DET
fueconorg-5485	22	5	intention	intention	NOUN
fueconorg-5485	22	6	of	of	ADP
fueconorg-5485	22	7	proper	proper	ADJ
fueconorg-5485	22	8	establishment	establishment	NOUN
fueconorg-5485	22	9	of	of	ADP
fueconorg-5485	22	10	the	the	DET
fueconorg-5485	22	11	dependency	dependency	NOUN
fueconorg-5485	22	12	among	among	ADP
fueconorg-5485	22	13	the	the	DET
fueconorg-5485	22	14	time	time	NOUN
fueconorg-5485	22	15	series	series	NOUN
fueconorg-5485	22	16	,	,	PUNCT
fueconorg-5485	22	17	they	they	PRON
fueconorg-5485	22	18	should	should	AUX
fueconorg-5485	22	19	first	first	ADV
fueconorg-5485	22	20	be	be	AUX
fueconorg-5485	22	21	reduced	reduce	VERB
fueconorg-5485	22	22	to	to	ADP
fueconorg-5485	22	23	stationary	stationary	ADJ
fueconorg-5485	22	24	ones	one	NOUN
fueconorg-5485	22	25	.	.	PUNCT
fueconorg-5485	23	1	however	however	ADV
fueconorg-5485	23	2	,	,	PUNCT
fueconorg-5485	23	3	if	if	SCONJ
fueconorg-5485	23	4	the	the	DET
fueconorg-5485	23	5	structural	structural	ADJ
fueconorg-5485	23	6	break	break	NOUN
fueconorg-5485	23	7	is	be	AUX
fueconorg-5485	23	8	present	present	ADJ
fueconorg-5485	23	9	,	,	PUNCT
fueconorg-5485	23	10	traditional	traditional	ADJ
fueconorg-5485	23	11	test	test	NOUN
fueconorg-5485	23	12	may	may	AUX
fueconorg-5485	23	13	be	be	AUX
fueconorg-5485	23	14	biased	bias	VERB
fueconorg-5485	23	15	,	,	PUNCT
fueconorg-5485	23	16	therefore	therefore	ADV
fueconorg-5485	23	17	,	,	PUNCT
fueconorg-5485	23	18	it	it	PRON
fueconorg-5485	23	19	is	be	AUX
fueconorg-5485	23	20	necessary	necessary	ADJ
fueconorg-5485	23	21	to	to	PART
fueconorg-5485	23	22	account	account	VERB
fueconorg-5485	23	23	for	for	ADP
fueconorg-5485	23	24	the	the	DET
fueconorg-5485	23	25	possible	possible	ADJ
fueconorg-5485	23	26	structural	structural	ADJ
fueconorg-5485	23	27	break	break	NOUN
fueconorg-5485	23	28	while	while	SCONJ
fueconorg-5485	23	29	conducting	conduct	VERB
fueconorg-5485	23	30	unit	unit	NOUN
fueconorg-5485	23	31	root	root	NOUN
fueconorg-5485	23	32	tests	test	NOUN
fueconorg-5485	23	33	and	and	CCONJ
fueconorg-5485	23	34	cointegration	cointegration	NOUN
fueconorg-5485	23	35	tests	test	NOUN
fueconorg-5485	23	36	.	.	PUNCT
fueconorg-5485	24	1	for	for	ADP
fueconorg-5485	24	2	that	that	DET
fueconorg-5485	24	3	reason	reason	NOUN
fueconorg-5485	24	4	,	,	PUNCT
fueconorg-5485	24	5	in	in	ADP
fueconorg-5485	24	6	order	order	NOUN
fueconorg-5485	24	7	to	to	PART
fueconorg-5485	24	8	assess	assess	VERB
fueconorg-5485	24	9	interdependence	interdependence	NOUN
fueconorg-5485	24	10	between	between	ADP
fueconorg-5485	24	11	foreign	foreign	ADJ
fueconorg-5485	24	12	exchange	exchange	NOUN
fueconorg-5485	24	13	reserves	reserve	NOUN
fueconorg-5485	24	14	and	and	CCONJ
fueconorg-5485	24	15	exchange	exchange	NOUN
fueconorg-5485	24	16	rate	rate	NOUN
fueconorg-5485	24	17	unit	unit	NOUN
fueconorg-5485	24	18	root	root	NOUN
fueconorg-5485	24	19	tests	test	NOUN
fueconorg-5485	24	20	and	and	CCONJ
fueconorg-5485	24	21	cointegration	cointegration	NOUN
fueconorg-5485	24	22	tests	test	NOUN
fueconorg-5485	24	23	that	that	PRON
fueconorg-5485	24	24	allow	allow	VERB
fueconorg-5485	24	25	for	for	ADP
fueconorg-5485	24	26	a	a	DET
fueconorg-5485	24	27	structural	structural	ADJ
fueconorg-5485	24	28	break	break	NOUN
fueconorg-5485	24	29	will	will	AUX
fueconorg-5485	24	30	be	be	AUX
fueconorg-5485	24	31	applied	apply	VERB
fueconorg-5485	24	32	.	.	PUNCT
fueconorg-5485	25	1	the	the	DET
fueconorg-5485	25	2	paper	paper	NOUN
fueconorg-5485	25	3	is	be	AUX
fueconorg-5485	25	4	structured	structure	VERB
fueconorg-5485	25	5	as	as	SCONJ
fueconorg-5485	25	6	follows	follow	VERB
fueconorg-5485	25	7	:	:	PUNCT
fueconorg-5485	25	8	the	the	DET
fueconorg-5485	25	9	second	second	ADJ
fueconorg-5485	25	10	section	section	NOUN
fueconorg-5485	25	11	discusses	discuss	VERB
fueconorg-5485	25	12	the	the	DET
fueconorg-5485	25	13	theoretical	theoretical	ADJ
fueconorg-5485	25	14	background	background	NOUN
fueconorg-5485	25	15	and	and	CCONJ
fueconorg-5485	25	16	provides	provide	VERB
fueconorg-5485	25	17	a	a	DET
fueconorg-5485	25	18	brief	brief	ADJ
fueconorg-5485	25	19	review	review	NOUN
fueconorg-5485	25	20	of	of	ADP
fueconorg-5485	25	21	previous	previous	ADJ
fueconorg-5485	25	22	research	research	NOUN
fueconorg-5485	25	23	regarding	regard	VERB
fueconorg-5485	25	24	the	the	DET
fueconorg-5485	25	25	relation	relation	NOUN
fueconorg-5485	25	26	of	of	ADP
fueconorg-5485	25	27	foreign	foreign	ADJ
fueconorg-5485	25	28	exchange	exchange	NOUN
fueconorg-5485	25	29	reserves	reserve	NOUN
fueconorg-5485	25	30	and	and	CCONJ
fueconorg-5485	25	31	exchange	exchange	NOUN
fueconorg-5485	25	32	rates	rate	NOUN
fueconorg-5485	25	33	.	.	PUNCT
fueconorg-5485	26	1	the	the	DET
fueconorg-5485	26	2	third	third	ADJ
fueconorg-5485	26	3	section	section	NOUN
fueconorg-5485	26	4	describes	describe	VERB
fueconorg-5485	26	5	the	the	DET
fueconorg-5485	26	6	econometric	econometric	ADJ
fueconorg-5485	26	7	methodology	methodology	NOUN
fueconorg-5485	26	8	used	use	VERB
fueconorg-5485	26	9	for	for	ADP
fueconorg-5485	26	10	the	the	DET
fueconorg-5485	26	11	analysis	analysis	NOUN
fueconorg-5485	26	12	.	.	PUNCT
fueconorg-5485	27	1	the	the	DET
fueconorg-5485	27	2	data	datum	NOUN
fueconorg-5485	27	3	set	set	VERB
fueconorg-5485	27	4	and	and	CCONJ
fueconorg-5485	27	5	empirical	empirical	ADJ
fueconorg-5485	27	6	results	result	NOUN
fueconorg-5485	27	7	are	be	AUX
fueconorg-5485	27	8	presented	present	VERB
fueconorg-5485	27	9	in	in	ADP
fueconorg-5485	27	10	the	the	DET
fueconorg-5485	27	11	fourth	fourth	ADJ
fueconorg-5485	27	12	section	section	NOUN
fueconorg-5485	27	13	.	.	PUNCT
fueconorg-5485	28	1	lastly	lastly	ADV
fueconorg-5485	28	2	,	,	PUNCT
fueconorg-5485	28	3	concluding	conclude	VERB
fueconorg-5485	28	4	remarks	remark	NOUN
fueconorg-5485	28	5	are	be	AUX
fueconorg-5485	28	6	provided	provide	VERB
fueconorg-5485	28	7	.	.	PUNCT
fueconorg-5485	29	1	2	2	X
fueconorg-5485	29	2	.	.	X
fueconorg-5485	29	3	theoretical	theoretical	ADJ
fueconorg-5485	29	4	background	background	NOUN
fueconorg-5485	29	5	in	in	ADP
fueconorg-5485	29	6	the	the	DET
fueconorg-5485	29	7	first	first	ADJ
fueconorg-5485	29	8	decade	decade	NOUN
fueconorg-5485	29	9	of	of	ADP
fueconorg-5485	29	10	the	the	DET
fueconorg-5485	29	11	21st	21st	ADJ
fueconorg-5485	29	12	century	century	NOUN
fueconorg-5485	29	13	,	,	PUNCT
fueconorg-5485	29	14	there	there	PRON
fueconorg-5485	29	15	was	be	VERB
fueconorg-5485	29	16	a	a	DET
fueconorg-5485	29	17	significant	significant	ADJ
fueconorg-5485	29	18	increase	increase	NOUN
fueconorg-5485	29	19	in	in	ADP
fueconorg-5485	29	20	the	the	DET
fueconorg-5485	29	21	amount	amount	NOUN
fueconorg-5485	29	22	of	of	ADP
fueconorg-5485	29	23	foreign	foreign	ADJ
fueconorg-5485	29	24	exchange	exchange	NOUN
fueconorg-5485	29	25	reserves	reserve	NOUN
fueconorg-5485	29	26	held	hold	VERB
fueconorg-5485	29	27	by	by	ADP
fueconorg-5485	29	28	central	central	ADJ
fueconorg-5485	29	29	banks	bank	NOUN
fueconorg-5485	29	30	(	(	PUNCT
fueconorg-5485	29	31	gantt	gantt	NOUN
fueconorg-5485	29	32	,	,	PUNCT
fueconorg-5485	29	33	2010	2010	NUM
fueconorg-5485	29	34	)	)	PUNCT
fueconorg-5485	29	35	.	.	PUNCT
fueconorg-5485	30	1	the	the	DET
fueconorg-5485	30	2	stockpiling	stockpiling	NOUN
fueconorg-5485	30	3	of	of	ADP
fueconorg-5485	30	4	reserves	reserve	NOUN
fueconorg-5485	30	5	is	be	AUX
fueconorg-5485	30	6	the	the	DET
fueconorg-5485	30	7	practice	practice	NOUN
fueconorg-5485	30	8	of	of	ADP
fueconorg-5485	30	9	many	many	ADJ
fueconorg-5485	30	10	countries	country	NOUN
fueconorg-5485	30	11	and	and	CCONJ
fueconorg-5485	30	12	the	the	DET
fueconorg-5485	30	13	question	question	NOUN
fueconorg-5485	30	14	is	be	AUX
fueconorg-5485	30	15	whether	whether	SCONJ
fueconorg-5485	30	16	such	such	ADJ
fueconorg-5485	30	17	policy	policy	NOUN
fueconorg-5485	30	18	is	be	AUX
fueconorg-5485	30	19	justified	justify	VERB
fueconorg-5485	30	20	.	.	PUNCT
fueconorg-5485	31	1	on	on	ADP
fueconorg-5485	31	2	the	the	DET
fueconorg-5485	31	3	one	one	NUM
fueconorg-5485	31	4	hand	hand	NOUN
fueconorg-5485	31	5	,	,	PUNCT
fueconorg-5485	31	6	holding	hold	VERB
fueconorg-5485	31	7	high	high	ADJ
fueconorg-5485	31	8	volume	volume	NOUN
fueconorg-5485	31	9	of	of	ADP
fueconorg-5485	31	10	reserves	reserve	NOUN
fueconorg-5485	31	11	is	be	AUX
fueconorg-5485	31	12	costly	costly	ADJ
fueconorg-5485	31	13	,	,	PUNCT
fueconorg-5485	31	14	while	while	SCONJ
fueconorg-5485	31	15	on	on	ADP
fueconorg-5485	31	16	the	the	DET
fueconorg-5485	31	17	other	other	ADJ
fueconorg-5485	31	18	hand	hand	NOUN
fueconorg-5485	31	19	,	,	PUNCT
fueconorg-5485	31	20	the	the	DET
fueconorg-5485	31	21	cost	cost	NOUN
fueconorg-5485	31	22	of	of	ADP
fueconorg-5485	31	23	holding	hold	VERB
fueconorg-5485	31	24	reserves	reserve	NOUN
fueconorg-5485	31	25	is	be	AUX
fueconorg-5485	31	26	insignificant	insignificant	ADJ
fueconorg-5485	31	27	relative	relative	ADJ
fueconorg-5485	31	28	to	to	ADP
fueconorg-5485	31	29	the	the	DET
fueconorg-5485	31	30	economic	economic	ADJ
fueconorg-5485	31	31	consequences	consequence	NOUN
fueconorg-5485	31	32	of	of	ADP
fueconorg-5485	31	33	a	a	DET
fueconorg-5485	31	34	crisis	crisis	NOUN
fueconorg-5485	31	35	(	(	PUNCT
fueconorg-5485	31	36	aizenman	aizenman	NOUN
fueconorg-5485	31	37	&	&	CCONJ
fueconorg-5485	31	38	marion	marion	PROPN
fueconorg-5485	31	39	,	,	PUNCT
fueconorg-5485	31	40	2003	2003	NUM
fueconorg-5485	31	41	)	)	PUNCT
fueconorg-5485	31	42	.	.	PUNCT
fueconorg-5485	32	1	nowak	nowak	PROPN
fueconorg-5485	32	2	et	et	PROPN
fueconorg-5485	32	3	al	al	PROPN
fueconorg-5485	32	4	.	.	PROPN
fueconorg-5485	33	1	(	(	PUNCT
fueconorg-5485	33	2	2004	2004	NUM
fueconorg-5485	33	3	)	)	PUNCT
fueconorg-5485	33	4	state	state	NOUN
fueconorg-5485	33	5	two	two	NUM
fueconorg-5485	33	6	main	main	ADJ
fueconorg-5485	33	7	benefits	benefit	NOUN
fueconorg-5485	33	8	rising	rise	VERB
fueconorg-5485	33	9	from	from	ADP
fueconorg-5485	33	10	a	a	DET
fueconorg-5485	33	11	high	high	ADJ
fueconorg-5485	33	12	level	level	NOUN
fueconorg-5485	33	13	of	of	ADP
fueconorg-5485	33	14	reserves	reserve	NOUN
fueconorg-5485	33	15	:	:	PUNCT
fueconorg-5485	33	16	i	i	NOUN
fueconorg-5485	33	17	)	)	PUNCT
fueconorg-5485	33	18	reduction	reduction	NOUN
fueconorg-5485	33	19	of	of	ADP
fueconorg-5485	33	20	the	the	DET
fueconorg-5485	33	21	likelihood	likelihood	NOUN
fueconorg-5485	33	22	of	of	ADP
fueconorg-5485	33	23	currency	currency	NOUN
fueconorg-5485	33	24	crises	crisis	NOUN
fueconorg-5485	33	25	or	or	CCONJ
fueconorg-5485	33	26	a	a	DET
fueconorg-5485	33	27	“	"	PUNCT
fueconorg-5485	33	28	sudden	sudden	ADJ
fueconorg-5485	33	29	stop	stop	NOUN
fueconorg-5485	33	30	”	"	PUNCT
fueconorg-5485	33	31	(	(	PUNCT
fueconorg-5485	33	32	an	an	DET
fueconorg-5485	33	33	unexpected	unexpected	ADJ
fueconorg-5485	33	34	reluctance	reluctance	NOUN
fueconorg-5485	33	35	by	by	ADP
fueconorg-5485	33	36	international	international	ADJ
fueconorg-5485	33	37	creditors	creditor	NOUN
fueconorg-5485	33	38	to	to	PART
fueconorg-5485	33	39	renew	renew	VERB
fueconorg-5485	33	40	their	their	PRON
fueconorg-5485	33	41	credit	credit	NOUN
fueconorg-5485	33	42	lines	line	NOUN
fueconorg-5485	33	43	at	at	ADP
fueconorg-5485	33	44	times	time	NOUN
fueconorg-5485	33	45	of	of	ADP
fueconorg-5485	33	46	market	market	NOUN
fueconorg-5485	33	47	uncertainty	uncertainty	NOUN
fueconorg-5485	33	48	)	)	PUNCT
fueconorg-5485	33	49	;	;	PUNCT
fueconorg-5485	33	50	ii	ii	X
fueconorg-5485	33	51	)	)	PUNCT
fueconorg-5485	33	52	lower	low	ADJ
fueconorg-5485	33	53	external	external	ADJ
fueconorg-5485	33	54	borrowing	borrowing	NOUN
fueconorg-5485	33	55	costs	cost	NOUN
fueconorg-5485	33	56	.	.	PUNCT
fueconorg-5485	34	1	causality	causality	NOUN
fueconorg-5485	34	2	between	between	ADP
fueconorg-5485	34	3	exchange	exchange	NOUN
fueconorg-5485	34	4	rates	rate	NOUN
fueconorg-5485	34	5	and	and	CCONJ
fueconorg-5485	34	6	foreign	foreign	ADJ
fueconorg-5485	34	7	exchange	exchange	NOUN
fueconorg-5485	34	8	reserves	reserve	NOUN
fueconorg-5485	34	9	:	:	PUNCT
fueconorg-5485	34	10	serbian	serbian	ADJ
fueconorg-5485	34	11	case	case	NOUN
fueconorg-5485	34	12	445	445	NUM
fueconorg-5485	34	13	the	the	DET
fueconorg-5485	34	14	motivation	motivation	NOUN
fueconorg-5485	34	15	for	for	ADP
fueconorg-5485	34	16	the	the	DET
fueconorg-5485	34	17	enhanced	enhanced	ADJ
fueconorg-5485	34	18	increase	increase	NOUN
fueconorg-5485	34	19	in	in	ADP
fueconorg-5485	34	20	the	the	DET
fueconorg-5485	34	21	level	level	NOUN
fueconorg-5485	34	22	of	of	ADP
fueconorg-5485	34	23	foreign	foreign	ADJ
fueconorg-5485	34	24	exchange	exchange	NOUN
fueconorg-5485	34	25	reserves	reserve	NOUN
fueconorg-5485	34	26	in	in	ADP
fueconorg-5485	34	27	emerging	emerge	VERB
fueconorg-5485	34	28	economies	economy	NOUN
fueconorg-5485	34	29	in	in	ADP
fueconorg-5485	34	30	recent	recent	ADJ
fueconorg-5485	34	31	years	year	NOUN
fueconorg-5485	34	32	was	be	AUX
fueconorg-5485	34	33	twofold	twofold	ADJ
fueconorg-5485	34	34	.	.	PUNCT
fueconorg-5485	35	1	on	on	ADP
fueconorg-5485	35	2	the	the	DET
fueconorg-5485	35	3	one	one	NUM
fueconorg-5485	35	4	hand	hand	NOUN
fueconorg-5485	35	5	,	,	PUNCT
fueconorg-5485	35	6	increasing	increase	VERB
fueconorg-5485	35	7	security	security	NOUN
fueconorg-5485	35	8	in	in	ADP
fueconorg-5485	35	9	the	the	DET
fueconorg-5485	35	10	event	event	NOUN
fueconorg-5485	35	11	of	of	ADP
fueconorg-5485	35	12	a	a	DET
fueconorg-5485	35	13	currency	currency	NOUN
fueconorg-5485	35	14	crisis	crisis	NOUN
fueconorg-5485	35	15	,	,	PUNCT
fueconorg-5485	35	16	while	while	SCONJ
fueconorg-5485	35	17	on	on	ADP
fueconorg-5485	35	18	the	the	DET
fueconorg-5485	35	19	other	other	ADJ
fueconorg-5485	35	20	hand	hand	NOUN
fueconorg-5485	35	21	it	it	PRON
fueconorg-5485	35	22	reflects	reflect	VERB
fueconorg-5485	35	23	the	the	DET
fueconorg-5485	35	24	tendency	tendency	NOUN
fueconorg-5485	35	25	of	of	ADP
fueconorg-5485	35	26	policy	policy	NOUN
fueconorg-5485	35	27	makers	maker	NOUN
fueconorg-5485	35	28	to	to	PART
fueconorg-5485	35	29	prevent	prevent	VERB
fueconorg-5485	35	30	the	the	DET
fueconorg-5485	35	31	appreciation	appreciation	NOUN
fueconorg-5485	35	32	of	of	ADP
fueconorg-5485	35	33	the	the	DET
fueconorg-5485	35	34	exchange	exchange	NOUN
fueconorg-5485	35	35	rate	rate	NOUN
fueconorg-5485	35	36	and	and	CCONJ
fueconorg-5485	35	37	maintain	maintain	VERB
fueconorg-5485	35	38	the	the	DET
fueconorg-5485	35	39	competitiveness	competitiveness	NOUN
fueconorg-5485	35	40	of	of	ADP
fueconorg-5485	35	41	their	their	PRON
fueconorg-5485	35	42	economies	economy	NOUN
fueconorg-5485	35	43	(	(	PUNCT
fueconorg-5485	35	44	krusković	krusković	NOUN
fueconorg-5485	35	45	&	&	CCONJ
fueconorg-5485	35	46	maričić	maričić	PROPN
fueconorg-5485	35	47	,	,	PUNCT
fueconorg-5485	35	48	2015	2015	NUM
fueconorg-5485	35	49	)	)	PUNCT
fueconorg-5485	35	50	.	.	PUNCT
fueconorg-5485	36	1	however	however	ADV
fueconorg-5485	36	2	,	,	PUNCT
fueconorg-5485	36	3	central	central	ADJ
fueconorg-5485	36	4	banks	bank	NOUN
fueconorg-5485	36	5	do	do	AUX
fueconorg-5485	36	6	not	not	PART
fueconorg-5485	36	7	have	have	VERB
fueconorg-5485	36	8	the	the	DET
fueconorg-5485	36	9	ability	ability	NOUN
fueconorg-5485	36	10	to	to	PART
fueconorg-5485	36	11	mount	mount	VERB
fueconorg-5485	36	12	up	up	ADP
fueconorg-5485	36	13	reserves	reserve	NOUN
fueconorg-5485	36	14	indeterminately	indeterminately	ADV
fueconorg-5485	36	15	.	.	PUNCT
fueconorg-5485	37	1	disproportionate	disproportionate	ADJ
fueconorg-5485	37	2	reserve	reserve	NOUN
fueconorg-5485	37	3	stockpiling	stockpiling	NOUN
fueconorg-5485	37	4	involves	involve	VERB
fueconorg-5485	37	5	substantial	substantial	ADJ
fueconorg-5485	37	6	sterilization	sterilization	NOUN
fueconorg-5485	37	7	costs	cost	NOUN
fueconorg-5485	37	8	,	,	PUNCT
fueconorg-5485	37	9	due	due	ADP
fueconorg-5485	37	10	to	to	ADP
fueconorg-5485	37	11	the	the	DET
fueconorg-5485	37	12	negative	negative	ADJ
fueconorg-5485	37	13	spread	spread	NOUN
fueconorg-5485	37	14	between	between	ADP
fueconorg-5485	37	15	the	the	DET
fueconorg-5485	37	16	interest	interest	NOUN
fueconorg-5485	37	17	earned	earn	VERB
fueconorg-5485	37	18	on	on	ADP
fueconorg-5485	37	19	reserves	reserve	NOUN
fueconorg-5485	37	20	and	and	CCONJ
fueconorg-5485	37	21	the	the	DET
fueconorg-5485	37	22	interest	interest	NOUN
fueconorg-5485	37	23	paid	pay	VERB
fueconorg-5485	37	24	on	on	ADP
fueconorg-5485	37	25	the	the	DET
fueconorg-5485	37	26	country	country	NOUN
fueconorg-5485	37	27	’s	’s	PART
fueconorg-5485	37	28	public	public	ADJ
fueconorg-5485	37	29	debt	debt	NOUN
fueconorg-5485	37	30	,	,	PUNCT
fueconorg-5485	37	31	which	which	PRON
fueconorg-5485	37	32	enlarges	enlarge	VERB
fueconorg-5485	37	33	with	with	ADP
fueconorg-5485	37	34	reserve	reserve	NOUN
fueconorg-5485	37	35	accumulation	accumulation	NOUN
fueconorg-5485	37	36	(	(	PUNCT
fueconorg-5485	37	37	gosselin	gosselin	PROPN
fueconorg-5485	37	38	&	&	CCONJ
fueconorg-5485	37	39	parent	parent	PROPN
fueconorg-5485	37	40	,	,	PUNCT
fueconorg-5485	37	41	2005	2005	NUM
fueconorg-5485	37	42	)	)	PUNCT
fueconorg-5485	37	43	.	.	PUNCT
fueconorg-5485	38	1	regarding	regard	VERB
fueconorg-5485	38	2	the	the	DET
fueconorg-5485	38	3	optimal	optimal	ADJ
fueconorg-5485	38	4	level	level	NOUN
fueconorg-5485	38	5	of	of	ADP
fueconorg-5485	38	6	foreign	foreign	ADJ
fueconorg-5485	38	7	exchange	exchange	NOUN
fueconorg-5485	38	8	reserves	reserve	NOUN
fueconorg-5485	38	9	heller	heller	NOUN
fueconorg-5485	38	10	(	(	PUNCT
fueconorg-5485	38	11	1966	1966	NUM
fueconorg-5485	38	12	)	)	PUNCT
fueconorg-5485	38	13	claims	claim	VERB
fueconorg-5485	38	14	that	that	SCONJ
fueconorg-5485	38	15	it	it	PRON
fueconorg-5485	38	16	should	should	AUX
fueconorg-5485	38	17	be	be	AUX
fueconorg-5485	38	18	determined	determine	VERB
fueconorg-5485	38	19	in	in	ADP
fueconorg-5485	38	20	the	the	DET
fueconorg-5485	38	21	way	way	NOUN
fueconorg-5485	38	22	that	that	PRON
fueconorg-5485	38	23	will	will	AUX
fueconorg-5485	38	24	make	make	VERB
fueconorg-5485	38	25	a	a	DET
fueconorg-5485	38	26	balance	balance	NOUN
fueconorg-5485	38	27	between	between	ADP
fueconorg-5485	38	28	the	the	DET
fueconorg-5485	38	29	costs	cost	NOUN
fueconorg-5485	38	30	of	of	ADP
fueconorg-5485	38	31	macroeconomic	macroeconomic	ADJ
fueconorg-5485	38	32	adjustment	adjustment	NOUN
fueconorg-5485	38	33	that	that	PRON
fueconorg-5485	38	34	may	may	AUX
fueconorg-5485	38	35	arise	arise	VERB
fueconorg-5485	38	36	in	in	ADP
fueconorg-5485	38	37	the	the	DET
fueconorg-5485	38	38	situation	situation	NOUN
fueconorg-5485	38	39	of	of	ADP
fueconorg-5485	38	40	a	a	DET
fueconorg-5485	38	41	deficiency	deficiency	NOUN
fueconorg-5485	38	42	of	of	ADP
fueconorg-5485	38	43	reserves	reserve	NOUN
fueconorg-5485	38	44	with	with	ADP
fueconorg-5485	38	45	the	the	DET
fueconorg-5485	38	46	opportunity	opportunity	NOUN
fueconorg-5485	38	47	cost	cost	NOUN
fueconorg-5485	38	48	of	of	ADP
fueconorg-5485	38	49	holding	hold	VERB
fueconorg-5485	38	50	reserves	reserve	NOUN
fueconorg-5485	38	51	.	.	PUNCT
fueconorg-5485	39	1	there	there	PRON
fueconorg-5485	39	2	is	be	VERB
fueconorg-5485	39	3	a	a	DET
fueconorg-5485	39	4	universal	universal	ADJ
fueconorg-5485	39	5	view	view	NOUN
fueconorg-5485	39	6	that	that	SCONJ
fueconorg-5485	39	7	the	the	DET
fueconorg-5485	39	8	reserve	reserve	NOUN
fueconorg-5485	39	9	requirements	requirement	NOUN
fueconorg-5485	39	10	must	must	AUX
fueconorg-5485	39	11	be	be	AUX
fueconorg-5485	39	12	kept	keep	VERB
fueconorg-5485	39	13	at	at	ADP
fueconorg-5485	39	14	an	an	DET
fueconorg-5485	39	15	optimum	optimum	ADJ
fueconorg-5485	39	16	level	level	NOUN
fueconorg-5485	39	17	.	.	PUNCT
fueconorg-5485	40	1	however	however	ADV
fueconorg-5485	40	2	,	,	PUNCT
fueconorg-5485	40	3	this	this	DET
fueconorg-5485	40	4	level	level	NOUN
fueconorg-5485	40	5	can	can	AUX
fueconorg-5485	40	6	be	be	AUX
fueconorg-5485	40	7	determined	determine	VERB
fueconorg-5485	40	8	in	in	ADP
fueconorg-5485	40	9	several	several	ADJ
fueconorg-5485	40	10	ways	way	NOUN
fueconorg-5485	40	11	.	.	PUNCT
fueconorg-5485	41	1	it	it	PRON
fueconorg-5485	41	2	is	be	AUX
fueconorg-5485	41	3	mostly	mostly	ADV
fueconorg-5485	41	4	a	a	DET
fueconorg-5485	41	5	level	level	NOUN
fueconorg-5485	41	6	that	that	PRON
fueconorg-5485	41	7	does	do	AUX
fueconorg-5485	41	8	not	not	PART
fueconorg-5485	41	9	exceed	exceed	VERB
fueconorg-5485	41	10	the	the	DET
fueconorg-5485	41	11	value	value	NOUN
fueconorg-5485	41	12	of	of	ADP
fueconorg-5485	41	13	six	six	NUM
fueconorg-5485	41	14	-	-	PUNCT
fueconorg-5485	41	15	month	month	NOUN
fueconorg-5485	41	16	imports	import	NOUN
fueconorg-5485	41	17	of	of	ADP
fueconorg-5485	41	18	goods	good	NOUN
fueconorg-5485	41	19	and	and	CCONJ
fueconorg-5485	41	20	services	service	NOUN
fueconorg-5485	41	21	,	,	PUNCT
fueconorg-5485	41	22	or	or	CCONJ
fueconorg-5485	41	23	not	not	PART
fueconorg-5485	41	24	lower	low	ADJ
fueconorg-5485	41	25	than	than	ADP
fueconorg-5485	41	26	the	the	DET
fueconorg-5485	41	27	value	value	NOUN
fueconorg-5485	41	28	of	of	ADP
fueconorg-5485	41	29	the	the	DET
fueconorg-5485	41	30	quarterly	quarterly	ADJ
fueconorg-5485	41	31	import	import	NOUN
fueconorg-5485	41	32	.	.	PUNCT
fueconorg-5485	42	1	a	a	DET
fueconorg-5485	42	2	surplus	surplus	NOUN
fueconorg-5485	42	3	or	or	CCONJ
fueconorg-5485	42	4	shortfall	shortfall	NOUN
fueconorg-5485	42	5	in	in	ADP
fueconorg-5485	42	6	these	these	DET
fueconorg-5485	42	7	resources	resource	NOUN
fueconorg-5485	42	8	can	can	AUX
fueconorg-5485	42	9	cause	cause	VERB
fueconorg-5485	42	10	some	some	DET
fueconorg-5485	42	11	repercussions	repercussion	NOUN
fueconorg-5485	42	12	on	on	ADP
fueconorg-5485	42	13	the	the	DET
fueconorg-5485	42	14	national	national	ADJ
fueconorg-5485	42	15	economy	economy	NOUN
fueconorg-5485	42	16	and	and	CCONJ
fueconorg-5485	42	17	make	make	VERB
fueconorg-5485	42	18	it	it	PRON
fueconorg-5485	42	19	more	more	ADV
fueconorg-5485	42	20	difficult	difficult	ADJ
fueconorg-5485	42	21	for	for	ADP
fueconorg-5485	42	22	economic	economic	ADJ
fueconorg-5485	42	23	policy	policy	NOUN
fueconorg-5485	42	24	makers	maker	NOUN
fueconorg-5485	42	25	.	.	PUNCT
fueconorg-5485	43	1	firstly	firstly	ADV
fueconorg-5485	43	2	,	,	PUNCT
fueconorg-5485	43	3	the	the	DET
fueconorg-5485	43	4	low	low	ADJ
fueconorg-5485	43	5	level	level	NOUN
fueconorg-5485	43	6	of	of	ADP
fueconorg-5485	43	7	foreign	foreign	ADJ
fueconorg-5485	43	8	exchange	exchange	NOUN
fueconorg-5485	43	9	reserves	reserve	NOUN
fueconorg-5485	43	10	is	be	AUX
fueconorg-5485	43	11	a	a	DET
fueconorg-5485	43	12	serious	serious	ADJ
fueconorg-5485	43	13	problem	problem	NOUN
fueconorg-5485	43	14	.	.	PUNCT
fueconorg-5485	44	1	they	they	PRON
fueconorg-5485	44	2	are	be	AUX
fueconorg-5485	44	3	limited	limited	ADJ
fueconorg-5485	44	4	,	,	PUNCT
fueconorg-5485	44	5	and	and	CCONJ
fueconorg-5485	44	6	the	the	DET
fueconorg-5485	44	7	transition	transition	NOUN
fueconorg-5485	44	8	below	below	ADP
fueconorg-5485	44	9	their	their	PRON
fueconorg-5485	44	10	minimum	minimum	NOUN
fueconorg-5485	44	11	can	can	AUX
fueconorg-5485	44	12	lead	lead	VERB
fueconorg-5485	44	13	to	to	ADP
fueconorg-5485	44	14	a	a	DET
fueconorg-5485	44	15	reduction	reduction	NOUN
fueconorg-5485	44	16	in	in	ADP
fueconorg-5485	44	17	the	the	DET
fueconorg-5485	44	18	credit	credit	NOUN
fueconorg-5485	44	19	rating	rating	NOUN
fueconorg-5485	44	20	and	and	CCONJ
fueconorg-5485	44	21	the	the	DET
fueconorg-5485	44	22	ability	ability	NOUN
fueconorg-5485	44	23	to	to	PART
fueconorg-5485	44	24	borrow	borrow	VERB
fueconorg-5485	44	25	in	in	ADP
fueconorg-5485	44	26	the	the	DET
fueconorg-5485	44	27	foreign	foreign	ADJ
fueconorg-5485	44	28	market	market	NOUN
fueconorg-5485	44	29	,	,	PUNCT
fueconorg-5485	44	30	and	and	CCONJ
fueconorg-5485	44	31	in	in	ADP
fueconorg-5485	44	32	the	the	DET
fueconorg-5485	44	33	event	event	NOUN
fueconorg-5485	44	34	of	of	ADP
fueconorg-5485	44	35	a	a	DET
fueconorg-5485	44	36	serious	serious	ADJ
fueconorg-5485	44	37	shortfall	shortfall	NOUN
fueconorg-5485	44	38	,	,	PUNCT
fueconorg-5485	44	39	currency	currency	NOUN
fueconorg-5485	44	40	crises	crisis	NOUN
fueconorg-5485	44	41	can	can	AUX
fueconorg-5485	44	42	occur	occur	VERB
fueconorg-5485	44	43	.	.	PUNCT
fueconorg-5485	45	1	however	however	ADV
fueconorg-5485	45	2	,	,	PUNCT
fueconorg-5485	45	3	even	even	ADV
fueconorg-5485	45	4	a	a	DET
fueconorg-5485	45	5	higher	high	ADJ
fueconorg-5485	45	6	level	level	NOUN
fueconorg-5485	45	7	is	be	AUX
fueconorg-5485	45	8	not	not	PART
fueconorg-5485	45	9	a	a	DET
fueconorg-5485	45	10	problem	problem	NOUN
fueconorg-5485	45	11	to	to	PART
fueconorg-5485	45	12	be	be	AUX
fueconorg-5485	45	13	underestimated	underestimate	VERB
fueconorg-5485	45	14	,	,	PUNCT
fueconorg-5485	45	15	especially	especially	ADV
fueconorg-5485	45	16	when	when	SCONJ
fueconorg-5485	45	17	the	the	DET
fueconorg-5485	45	18	country	country	NOUN
fueconorg-5485	45	19	is	be	AUX
fueconorg-5485	45	20	burdened	burden	VERB
fueconorg-5485	45	21	with	with	ADP
fueconorg-5485	45	22	price	price	NOUN
fueconorg-5485	45	23	instability	instability	NOUN
fueconorg-5485	45	24	problems	problem	NOUN
fueconorg-5485	45	25	.	.	PUNCT
fueconorg-5485	46	1	in	in	ADP
fueconorg-5485	46	2	the	the	DET
fueconorg-5485	46	3	absence	absence	NOUN
fueconorg-5485	46	4	of	of	ADP
fueconorg-5485	46	5	reserves	reserve	NOUN
fueconorg-5485	46	6	,	,	PUNCT
fueconorg-5485	46	7	balance	balance	NOUN
fueconorg-5485	46	8	of	of	ADP
fueconorg-5485	46	9	payment	payment	NOUN
fueconorg-5485	46	10	deficits	deficit	NOUN
fueconorg-5485	46	11	would	would	AUX
fueconorg-5485	46	12	have	have	VERB
fueconorg-5485	46	13	to	to	PART
fueconorg-5485	46	14	be	be	AUX
fueconorg-5485	46	15	rectified	rectify	VERB
fueconorg-5485	46	16	through	through	ADP
fueconorg-5485	46	17	(	(	PUNCT
fueconorg-5485	46	18	aizenman	aizenman	NOUN
fueconorg-5485	46	19	et	et	PROPN
fueconorg-5485	46	20	al	al	PROPN
fueconorg-5485	46	21	.	.	PROPN
fueconorg-5485	46	22	,	,	PUNCT
fueconorg-5485	46	23	2012	2012	NUM
fueconorg-5485	46	24	):	):	PUNCT
fueconorg-5485	46	25	a	a	DET
fueconorg-5485	46	26	reduction	reduction	NOUN
fueconorg-5485	46	27	in	in	ADP
fueconorg-5485	46	28	aggregate	aggregate	ADJ
fueconorg-5485	46	29	expenditures	expenditure	NOUN
fueconorg-5485	46	30	,	,	PUNCT
fueconorg-5485	46	31	imposition	imposition	NOUN
fueconorg-5485	46	32	of	of	ADP
fueconorg-5485	46	33	macroeconomic	macroeconomic	ADJ
fueconorg-5485	46	34	adjustment	adjustment	NOUN
fueconorg-5485	46	35	costs	cost	NOUN
fueconorg-5485	46	36	,	,	PUNCT
fueconorg-5485	46	37	and	and	CCONJ
fueconorg-5485	46	38	a	a	DET
fueconorg-5485	46	39	change	change	NOUN
fueconorg-5485	46	40	in	in	ADP
fueconorg-5485	46	41	relative	relative	ADJ
fueconorg-5485	46	42	prices	price	NOUN
fueconorg-5485	46	43	or	or	CCONJ
fueconorg-5485	46	44	“	"	PUNCT
fueconorg-5485	46	45	expenditure	expenditure	NOUN
fueconorg-5485	46	46	switching	switching	NOUN
fueconorg-5485	46	47	”	"	PUNCT
fueconorg-5485	46	48	.	.	PUNCT
fueconorg-5485	47	1	edwards	edwards	PROPN
fueconorg-5485	47	2	(	(	PUNCT
fueconorg-5485	47	3	1983	1983	NUM
fueconorg-5485	47	4	)	)	PUNCT
fueconorg-5485	47	5	claims	claim	NOUN
fueconorg-5485	47	6	,	,	PUNCT
fueconorg-5485	47	7	based	base	VERB
fueconorg-5485	47	8	on	on	ADP
fueconorg-5485	47	9	the	the	DET
fueconorg-5485	47	10	examination	examination	NOUN
fueconorg-5485	47	11	of	of	ADP
fueconorg-5485	47	12	previous	previous	ADJ
fueconorg-5485	47	13	studies	study	NOUN
fueconorg-5485	47	14	,	,	PUNCT
fueconorg-5485	47	15	that	that	SCONJ
fueconorg-5485	47	16	demand	demand	NOUN
fueconorg-5485	47	17	for	for	ADP
fueconorg-5485	47	18	international	international	ADJ
fueconorg-5485	47	19	reserves	reserve	NOUN
fueconorg-5485	47	20	is	be	AUX
fueconorg-5485	47	21	a	a	DET
fueconorg-5485	47	22	function	function	NOUN
fueconorg-5485	47	23	of	of	ADP
fueconorg-5485	47	24	the	the	DET
fueconorg-5485	47	25	scale	scale	NOUN
fueconorg-5485	47	26	of	of	ADP
fueconorg-5485	47	27	the	the	DET
fueconorg-5485	47	28	country	country	NOUN
fueconorg-5485	47	29	(	(	PUNCT
fueconorg-5485	47	30	measured	measure	VERB
fueconorg-5485	47	31	by	by	ADP
fueconorg-5485	47	32	its	its	PRON
fueconorg-5485	47	33	total	total	ADJ
fueconorg-5485	47	34	imports	import	NOUN
fueconorg-5485	47	35	or	or	CCONJ
fueconorg-5485	47	36	total	total	ADJ
fueconorg-5485	47	37	income	income	NOUN
fueconorg-5485	47	38	)	)	PUNCT
fueconorg-5485	47	39	,	,	PUNCT
fueconorg-5485	47	40	the	the	DET
fueconorg-5485	47	41	variability	variability	NOUN
fueconorg-5485	47	42	of	of	ADP
fueconorg-5485	47	43	its	its	PRON
fueconorg-5485	47	44	payments	payment	NOUN
fueconorg-5485	47	45	,	,	PUNCT
fueconorg-5485	47	46	its	its	PRON
fueconorg-5485	47	47	degree	degree	NOUN
fueconorg-5485	47	48	of	of	ADP
fueconorg-5485	47	49	openness	openness	NOUN
fueconorg-5485	47	50	and	and	CCONJ
fueconorg-5485	47	51	the	the	DET
fueconorg-5485	47	52	opportunity	opportunity	NOUN
fueconorg-5485	47	53	cost	cost	NOUN
fueconorg-5485	47	54	of	of	ADP
fueconorg-5485	47	55	holding	hold	VERB
fueconorg-5485	47	56	reserves	reserve	NOUN
fueconorg-5485	47	57	.	.	PUNCT
fueconorg-5485	48	1	the	the	DET
fueconorg-5485	48	2	reserves	reserve	NOUN
fueconorg-5485	48	3	are	be	AUX
fueconorg-5485	48	4	kept	keep	VERB
fueconorg-5485	48	5	to	to	PART
fueconorg-5485	48	6	finance	finance	VERB
fueconorg-5485	48	7	international	international	ADJ
fueconorg-5485	48	8	transactions	transaction	NOUN
fueconorg-5485	48	9	,	,	PUNCT
fueconorg-5485	48	10	and	and	CCONJ
fueconorg-5485	48	11	also	also	ADV
fueconorg-5485	48	12	as	as	ADP
fueconorg-5485	48	13	a	a	DET
fueconorg-5485	48	14	buffer	buffer	NOUN
fueconorg-5485	48	15	stock	stock	NOUN
fueconorg-5485	48	16	to	to	PART
fueconorg-5485	48	17	deal	deal	VERB
fueconorg-5485	48	18	with	with	ADP
fueconorg-5485	48	19	unanticipated	unanticipated	ADJ
fueconorg-5485	48	20	payment	payment	NOUN
fueconorg-5485	48	21	difficulties	difficulty	NOUN
fueconorg-5485	48	22	.	.	PUNCT
fueconorg-5485	49	1	if	if	SCONJ
fueconorg-5485	49	2	the	the	DET
fueconorg-5485	49	3	aspect	aspect	NOUN
fueconorg-5485	49	4	of	of	ADP
fueconorg-5485	49	5	international	international	ADJ
fueconorg-5485	49	6	transaction	transaction	NOUN
fueconorg-5485	49	7	financing	financing	NOUN
fueconorg-5485	49	8	is	be	AUX
fueconorg-5485	49	9	considered	consider	VERB
fueconorg-5485	49	10	,	,	PUNCT
fueconorg-5485	49	11	the	the	DET
fueconorg-5485	49	12	level	level	NOUN
fueconorg-5485	49	13	of	of	ADP
fueconorg-5485	49	14	optimal	optimal	ADJ
fueconorg-5485	49	15	reserves	reserve	NOUN
fueconorg-5485	49	16	depends	depend	VERB
fueconorg-5485	49	17	on	on	ADP
fueconorg-5485	49	18	the	the	DET
fueconorg-5485	49	19	variability	variability	NOUN
fueconorg-5485	49	20	of	of	ADP
fueconorg-5485	49	21	international	international	ADJ
fueconorg-5485	49	22	transactions	transaction	NOUN
fueconorg-5485	49	23	.	.	PUNCT
fueconorg-5485	50	1	as	as	SCONJ
fueconorg-5485	50	2	reserves	reserve	NOUN
fueconorg-5485	50	3	serve	serve	VERB
fueconorg-5485	50	4	as	as	ADP
fueconorg-5485	50	5	buffered	buffer	VERB
fueconorg-5485	50	6	,	,	PUNCT
fueconorg-5485	50	7	whose	whose	DET
fueconorg-5485	50	8	role	role	NOUN
fueconorg-5485	50	9	is	be	AUX
fueconorg-5485	50	10	to	to	PART
fueconorg-5485	50	11	offset	offset	VERB
fueconorg-5485	50	12	fluctuations	fluctuation	NOUN
fueconorg-5485	50	13	in	in	ADP
fueconorg-5485	50	14	international	international	ADJ
fueconorg-5485	50	15	transactions	transaction	NOUN
fueconorg-5485	50	16	,	,	PUNCT
fueconorg-5485	50	17	it	it	PRON
fueconorg-5485	50	18	is	be	AUX
fueconorg-5485	50	19	expected	expect	VERB
fueconorg-5485	50	20	that	that	SCONJ
fueconorg-5485	50	21	the	the	DET
fueconorg-5485	50	22	optimal	optimal	ADJ
fueconorg-5485	50	23	reserve	reserve	NOUN
fueconorg-5485	50	24	stock	stock	NOUN
fueconorg-5485	50	25	is	be	AUX
fueconorg-5485	50	26	positively	positively	ADV
fueconorg-5485	50	27	dependent	dependent	ADJ
fueconorg-5485	50	28	on	on	ADP
fueconorg-5485	50	29	the	the	DET
fueconorg-5485	50	30	magnitude	magnitude	NOUN
fueconorg-5485	50	31	of	of	ADP
fueconorg-5485	50	32	these	these	DET
fueconorg-5485	50	33	fluctuations	fluctuation	NOUN
fueconorg-5485	50	34	(	(	PUNCT
fueconorg-5485	50	35	frenkel	frenkel	PROPN
fueconorg-5485	50	36	&	&	CCONJ
fueconorg-5485	50	37	jovanovic	jovanovic	PROPN
fueconorg-5485	50	38	,	,	PUNCT
fueconorg-5485	50	39	1981	1981	NUM
fueconorg-5485	50	40	)	)	PUNCT
fueconorg-5485	50	41	.	.	PUNCT
fueconorg-5485	51	1	flood	flood	NOUN
fueconorg-5485	51	2	and	and	CCONJ
fueconorg-5485	51	3	marion	marion	PROPN
fueconorg-5485	51	4	(	(	PUNCT
fueconorg-5485	51	5	2002	2002	NUM
fueconorg-5485	51	6	)	)	PUNCT
fueconorg-5485	51	7	state	state	NOUN
fueconorg-5485	51	8	that	that	PRON
fueconorg-5485	51	9	are	be	AUX
fueconorg-5485	51	10	three	three	NUM
fueconorg-5485	51	11	trends	trend	NOUN
fueconorg-5485	51	12	in	in	ADP
fueconorg-5485	51	13	the	the	DET
fueconorg-5485	51	14	international	international	ADJ
fueconorg-5485	51	15	economy	economy	NOUN
fueconorg-5485	51	16	that	that	PRON
fueconorg-5485	51	17	may	may	AUX
fueconorg-5485	51	18	possibly	possibly	ADV
fueconorg-5485	51	19	have	have	VERB
fueconorg-5485	51	20	a	a	DET
fueconorg-5485	51	21	significant	significant	ADJ
fueconorg-5485	51	22	influence	influence	NOUN
fueconorg-5485	51	23	on	on	ADP
fueconorg-5485	51	24	reserve	reserve	NOUN
fueconorg-5485	51	25	holdings	holding	NOUN
fueconorg-5485	51	26	:	:	PUNCT
fueconorg-5485	51	27	1	1	X
fueconorg-5485	51	28	)	)	PUNCT
fueconorg-5485	51	29	increasing	increase	VERB
fueconorg-5485	51	30	capital	capital	NOUN
fueconorg-5485	51	31	mobility	mobility	NOUN
fueconorg-5485	51	32	;	;	PUNCT
fueconorg-5485	51	33	2	2	X
fueconorg-5485	51	34	)	)	PUNCT
fueconorg-5485	51	35	increasing	increase	VERB
fueconorg-5485	51	36	frequency	frequency	NOUN
fueconorg-5485	51	37	and	and	CCONJ
fueconorg-5485	51	38	intensity	intensity	NOUN
fueconorg-5485	51	39	of	of	ADP
fueconorg-5485	51	40	currency	currency	NOUN
fueconorg-5485	51	41	and	and	CCONJ
fueconorg-5485	51	42	financial	financial	ADJ
fueconorg-5485	51	43	crises	crisis	NOUN
fueconorg-5485	51	44	;	;	PUNCT
fueconorg-5485	51	45	and	and	CCONJ
fueconorg-5485	51	46	3	3	X
fueconorg-5485	51	47	)	)	PUNCT
fueconorg-5485	51	48	increasing	increase	VERB
fueconorg-5485	51	49	number	number	NOUN
fueconorg-5485	51	50	of	of	ADP
fueconorg-5485	51	51	countries	country	NOUN
fueconorg-5485	51	52	reporting	report	VERB
fueconorg-5485	51	53	a	a	DET
fueconorg-5485	51	54	switch	switch	NOUN
fueconorg-5485	51	55	to	to	ADP
fueconorg-5485	51	56	flexible	flexible	ADJ
fueconorg-5485	51	57	exchange	exchange	NOUN
fueconorg-5485	51	58	rates	rate	NOUN
fueconorg-5485	51	59	.	.	PUNCT
fueconorg-5485	52	1	a	a	DET
fueconorg-5485	52	2	vast	vast	ADJ
fueconorg-5485	52	3	number	number	NOUN
fueconorg-5485	52	4	of	of	ADP
fueconorg-5485	52	5	research	research	NOUN
fueconorg-5485	52	6	has	have	AUX
fueconorg-5485	52	7	addressed	address	VERB
fueconorg-5485	52	8	the	the	DET
fueconorg-5485	52	9	role	role	NOUN
fueconorg-5485	52	10	of	of	ADP
fueconorg-5485	52	11	reserves	reserve	NOUN
fueconorg-5485	52	12	and	and	CCONJ
fueconorg-5485	52	13	their	their	PRON
fueconorg-5485	52	14	relation	relation	NOUN
fueconorg-5485	52	15	to	to	ADP
fueconorg-5485	52	16	the	the	DET
fueconorg-5485	52	17	exchange	exchange	NOUN
fueconorg-5485	52	18	rate	rate	NOUN
fueconorg-5485	52	19	.	.	PUNCT
fueconorg-5485	53	1	aizenman	aizenman	NOUN
fueconorg-5485	53	2	and	and	CCONJ
fueconorg-5485	53	3	riera	riera	PROPN
fueconorg-5485	53	4	-	-	PUNCT
fueconorg-5485	53	5	crichton	crichton	PROPN
fueconorg-5485	53	6	(	(	PUNCT
fueconorg-5485	53	7	2008	2008	NUM
fueconorg-5485	53	8	)	)	PUNCT
fueconorg-5485	53	9	indicated	indicate	VERB
fueconorg-5485	53	10	that	that	SCONJ
fueconorg-5485	53	11	international	international	ADJ
fueconorg-5485	53	12	reserves	reserve	NOUN
fueconorg-5485	53	13	soften	soften	VERB
fueconorg-5485	53	14	the	the	DET
fueconorg-5485	53	15	influence	influence	NOUN
fueconorg-5485	53	16	of	of	ADP
fueconorg-5485	53	17	terms	term	NOUN
fueconorg-5485	53	18	of	of	ADP
fueconorg-5485	53	19	trade	trade	NOUN
fueconorg-5485	53	20	shocks	shock	NOUN
fueconorg-5485	53	21	on	on	ADP
fueconorg-5485	53	22	the	the	DET
fueconorg-5485	53	23	exchange	exchange	NOUN
fueconorg-5485	53	24	rate	rate	NOUN
fueconorg-5485	53	25	,	,	PUNCT
fueconorg-5485	53	26	and	and	CCONJ
fueconorg-5485	53	27	that	that	SCONJ
fueconorg-5485	53	28	this	this	DET
fueconorg-5485	53	29	effect	effect	NOUN
fueconorg-5485	53	30	is	be	AUX
fueconorg-5485	53	31	important	important	ADJ
fueconorg-5485	53	32	for	for	ADP
fueconorg-5485	53	33	developing	develop	VERB
fueconorg-5485	53	34	but	but	CCONJ
fueconorg-5485	53	35	not	not	PART
fueconorg-5485	53	36	for	for	ADP
fueconorg-5485	53	37	industrial	industrial	ADJ
fueconorg-5485	53	38	countries	country	NOUN
fueconorg-5485	53	39	.	.	PUNCT
fueconorg-5485	54	1	nowak	nowak	PROPN
fueconorg-5485	54	2	et	et	PROPN
fueconorg-5485	54	3	al	al	PROPN
fueconorg-5485	54	4	.	.	PROPN
fueconorg-5485	54	5	(	(	PUNCT
fueconorg-5485	54	6	2004	2004	NUM
fueconorg-5485	54	7	)	)	PUNCT
fueconorg-5485	54	8	investigated	investigate	VERB
fueconorg-5485	54	9	whether	whether	SCONJ
fueconorg-5485	54	10	higher	high	ADJ
fueconorg-5485	54	11	volume	volume	NOUN
fueconorg-5485	54	12	of	of	ADP
fueconorg-5485	54	13	reserves	reserve	NOUN
fueconorg-5485	54	14	may	may	AUX
fueconorg-5485	54	15	decrease	decrease	VERB
fueconorg-5485	54	16	the	the	DET
fueconorg-5485	54	17	volatility	volatility	NOUN
fueconorg-5485	54	18	of	of	ADP
fueconorg-5485	54	19	the	the	DET
fueconorg-5485	54	20	real	real	ADJ
fueconorg-5485	54	21	exchange	exchange	NOUN
fueconorg-5485	54	22	rate	rate	NOUN
fueconorg-5485	54	23	independently	independently	ADV
fueconorg-5485	54	24	of	of	ADP
fueconorg-5485	54	25	the	the	DET
fueconorg-5485	54	26	impact	impact	NOUN
fueconorg-5485	54	27	of	of	ADP
fueconorg-5485	54	28	the	the	DET
fueconorg-5485	54	29	selected	select	VERB
fueconorg-5485	54	30	exchange	exchange	NOUN
fueconorg-5485	54	31	rate	rate	NOUN
fueconorg-5485	54	32	regime	regime	NOUN
fueconorg-5485	54	33	or	or	CCONJ
fueconorg-5485	54	34	of	of	ADP
fueconorg-5485	54	35	the	the	DET
fueconorg-5485	54	36	role	role	NOUN
fueconorg-5485	54	37	of	of	ADP
fueconorg-5485	54	38	foreign	foreign	ADJ
fueconorg-5485	54	39	exchange	exchange	NOUN
fueconorg-5485	54	40	intervention	intervention	NOUN
fueconorg-5485	54	41	,	,	PUNCT
fueconorg-5485	54	42	and	and	CCONJ
fueconorg-5485	54	43	provided	provide	VERB
fueconorg-5485	54	44	the	the	DET
fueconorg-5485	54	45	evidence	evidence	NOUN
fueconorg-5485	54	46	of	of	ADP
fueconorg-5485	54	47	a	a	DET
fueconorg-5485	54	48	negative	negative	ADJ
fueconorg-5485	54	49	non	non	ADJ
fueconorg-5485	54	50	-	-	ADJ
fueconorg-5485	54	51	linear	linear	ADJ
fueconorg-5485	54	52	effect	effect	NOUN
fueconorg-5485	54	53	of	of	ADP
fueconorg-5485	54	54	reserves	reserve	NOUN
fueconorg-5485	54	55	on	on	ADP
fueconorg-5485	54	56	the	the	DET
fueconorg-5485	54	57	short	short	ADJ
fueconorg-5485	54	58	-	-	PUNCT
fueconorg-5485	54	59	term	term	NOUN
fueconorg-5485	54	60	volatility	volatility	NOUN
fueconorg-5485	54	61	of	of	ADP
fueconorg-5485	54	62	the	the	DET
fueconorg-5485	54	63	real	real	ADJ
fueconorg-5485	54	64	effective	effective	ADJ
fueconorg-5485	54	65	exchange	exchange	NOUN
fueconorg-5485	54	66	rate	rate	NOUN
fueconorg-5485	54	67	,	,	PUNCT
fueconorg-5485	54	68	for	for	ADP
fueconorg-5485	54	69	a	a	DET
fueconorg-5485	54	70	sample	sample	NOUN
fueconorg-5485	54	71	of	of	ADP
fueconorg-5485	54	72	446	446	NUM
fueconorg-5485	54	73	i.	i.	NOUN
fueconorg-5485	54	74	marjanović	marjanović	NOUN
fueconorg-5485	54	75	,	,	PUNCT
fueconorg-5485	54	76	m.	m.	NOUN
fueconorg-5485	54	77	marković	marković	NOUN
fueconorg-5485	54	78	emerging	emerge	VERB
fueconorg-5485	54	79	market	market	NOUN
fueconorg-5485	54	80	countries	country	NOUN
fueconorg-5485	54	81	.	.	PUNCT
fueconorg-5485	55	1	adler	adler	PROPN
fueconorg-5485	55	2	et	et	PROPN
fueconorg-5485	55	3	al	al	PROPN
fueconorg-5485	55	4	.	.	PROPN
fueconorg-5485	56	1	(	(	PUNCT
fueconorg-5485	56	2	2019	2019	NUM
fueconorg-5485	56	3	)	)	PUNCT
fueconorg-5485	56	4	examined	examine	VERB
fueconorg-5485	56	5	the	the	DET
fueconorg-5485	56	6	effect	effect	NOUN
fueconorg-5485	56	7	of	of	ADP
fueconorg-5485	56	8	foreign	foreign	ADJ
fueconorg-5485	56	9	exchange	exchange	NOUN
fueconorg-5485	56	10	intervention	intervention	NOUN
fueconorg-5485	56	11	on	on	ADP
fueconorg-5485	56	12	the	the	DET
fueconorg-5485	56	13	level	level	NOUN
fueconorg-5485	56	14	of	of	ADP
fueconorg-5485	56	15	the	the	DET
fueconorg-5485	56	16	exchange	exchange	NOUN
fueconorg-5485	56	17	rate	rate	NOUN
fueconorg-5485	56	18	using	use	VERB
fueconorg-5485	56	19	an	an	DET
fueconorg-5485	56	20	instrumental	instrumental	ADJ
fueconorg-5485	56	21	-	-	PUNCT
fueconorg-5485	56	22	variable	variable	ADJ
fueconorg-5485	56	23	panel	panel	NOUN
fueconorg-5485	56	24	approach	approach	NOUN
fueconorg-5485	56	25	and	and	CCONJ
fueconorg-5485	56	26	discovered	discover	VERB
fueconorg-5485	56	27	that	that	SCONJ
fueconorg-5485	56	28	intervention	intervention	NOUN
fueconorg-5485	56	29	affects	affect	VERB
fueconorg-5485	56	30	the	the	DET
fueconorg-5485	56	31	exchange	exchange	NOUN
fueconorg-5485	56	32	rate	rate	NOUN
fueconorg-5485	56	33	in	in	ADP
fueconorg-5485	56	34	a	a	DET
fueconorg-5485	56	35	meaningful	meaningful	ADJ
fueconorg-5485	56	36	way	way	NOUN
fueconorg-5485	56	37	from	from	ADP
fueconorg-5485	56	38	a	a	DET
fueconorg-5485	56	39	macroeconomic	macroeconomic	ADJ
fueconorg-5485	56	40	perspective	perspective	NOUN
fueconorg-5485	56	41	.	.	PUNCT
fueconorg-5485	57	1	viola	viola	PROPN
fueconorg-5485	57	2	et	et	PROPN
fueconorg-5485	57	3	al	al	PROPN
fueconorg-5485	57	4	.	.	PROPN
fueconorg-5485	58	1	(	(	PUNCT
fueconorg-5485	58	2	2019	2019	NUM
fueconorg-5485	58	3	)	)	PUNCT
fueconorg-5485	58	4	state	state	NOUN
fueconorg-5485	58	5	that	that	PRON
fueconorg-5485	58	6	countries	country	NOUN
fueconorg-5485	58	7	that	that	PRON
fueconorg-5485	58	8	adopt	adopt	VERB
fueconorg-5485	58	9	inflation	inflation	NOUN
fueconorg-5485	58	10	targeting	targeting	NOUN
fueconorg-5485	58	11	and	and	CCONJ
fueconorg-5485	58	12	a	a	DET
fueconorg-5485	58	13	floating	float	VERB
fueconorg-5485	58	14	exchange	exchange	NOUN
fueconorg-5485	58	15	rate	rate	NOUN
fueconorg-5485	58	16	typically	typically	ADV
fueconorg-5485	58	17	intervene	intervene	VERB
fueconorg-5485	58	18	in	in	ADP
fueconorg-5485	58	19	the	the	DET
fueconorg-5485	58	20	foreign	foreign	ADJ
fueconorg-5485	58	21	exchange	exchange	NOUN
fueconorg-5485	58	22	market	market	NOUN
fueconorg-5485	58	23	through	through	ADP
fueconorg-5485	58	24	various	various	ADJ
fueconorg-5485	58	25	mechanisms	mechanism	NOUN
fueconorg-5485	58	26	,	,	PUNCT
fueconorg-5485	58	27	both	both	PRON
fueconorg-5485	58	28	sterilized	sterilize	VERB
fueconorg-5485	58	29	and	and	CCONJ
fueconorg-5485	58	30	non	non	ADJ
fueconorg-5485	58	31	-	-	ADJ
fueconorg-5485	58	32	sterilized	sterilized	ADJ
fueconorg-5485	58	33	,	,	PUNCT
fueconorg-5485	58	34	wherein	wherein	SCONJ
fueconorg-5485	58	35	one	one	NUM
fueconorg-5485	58	36	of	of	ADP
fueconorg-5485	58	37	the	the	DET
fueconorg-5485	58	38	most	most	ADV
fueconorg-5485	58	39	common	common	ADJ
fueconorg-5485	58	40	that	that	PRON
fueconorg-5485	58	41	lead	lead	VERB
fueconorg-5485	58	42	a	a	DET
fueconorg-5485	58	43	central	central	ADJ
fueconorg-5485	58	44	bank	bank	NOUN
fueconorg-5485	58	45	to	to	PART
fueconorg-5485	58	46	intervene	intervene	VERB
fueconorg-5485	58	47	in	in	ADP
fueconorg-5485	58	48	the	the	DET
fueconorg-5485	58	49	foreign	foreign	ADJ
fueconorg-5485	58	50	exchange	exchange	NOUN
fueconorg-5485	58	51	market	market	NOUN
fueconorg-5485	58	52	is	be	AUX
fueconorg-5485	58	53	recomposing	recompose	VERB
fueconorg-5485	58	54	reserves	reserve	NOUN
fueconorg-5485	58	55	and	and	CCONJ
fueconorg-5485	58	56	smoothing	smooth	VERB
fueconorg-5485	58	57	out	out	ADP
fueconorg-5485	58	58	long	long	ADJ
fueconorg-5485	58	59	-	-	PUNCT
fueconorg-5485	58	60	term	term	NOUN
fueconorg-5485	58	61	exchange	exchange	NOUN
fueconorg-5485	58	62	rate	rate	NOUN
fueconorg-5485	58	63	movements	movement	NOUN
fueconorg-5485	58	64	.	.	PUNCT
fueconorg-5485	59	1	volatility	volatility	NOUN
fueconorg-5485	59	2	of	of	ADP
fueconorg-5485	59	3	exchange	exchange	NOUN
fueconorg-5485	59	4	rate	rate	NOUN
fueconorg-5485	59	5	may	may	AUX
fueconorg-5485	59	6	cause	cause	VERB
fueconorg-5485	59	7	difficulties	difficulty	NOUN
fueconorg-5485	59	8	in	in	ADP
fueconorg-5485	59	9	international	international	ADJ
fueconorg-5485	59	10	trade	trade	NOUN
fueconorg-5485	59	11	and	and	CCONJ
fueconorg-5485	59	12	investment	investment	NOUN
fueconorg-5485	59	13	decisions	decision	NOUN
fueconorg-5485	59	14	.	.	PUNCT
fueconorg-5485	60	1	engel	engel	PROPN
fueconorg-5485	60	2	and	and	CCONJ
fueconorg-5485	60	3	hakkio	hakkio	PROPN
fueconorg-5485	60	4	(	(	PUNCT
fueconorg-5485	60	5	1993	1993	NUM
fueconorg-5485	60	6	)	)	PUNCT
fueconorg-5485	60	7	identified	identify	VERB
fueconorg-5485	60	8	changes	change	NOUN
fueconorg-5485	60	9	in	in	ADP
fueconorg-5485	60	10	expectations	expectation	NOUN
fueconorg-5485	60	11	due	due	ADP
fueconorg-5485	60	12	to	to	ADP
fueconorg-5485	60	13	new	new	ADJ
fueconorg-5485	60	14	information	information	NOUN
fueconorg-5485	60	15	,	,	PUNCT
fueconorg-5485	60	16	the	the	DET
fueconorg-5485	60	17	volatility	volatility	NOUN
fueconorg-5485	60	18	of	of	ADP
fueconorg-5485	60	19	market	market	NOUN
fueconorg-5485	60	20	fundamentals	fundamental	NOUN
fueconorg-5485	60	21	and	and	CCONJ
fueconorg-5485	60	22	speculative	speculative	ADJ
fueconorg-5485	60	23	movements	movement	NOUN
fueconorg-5485	60	24	as	as	ADP
fueconorg-5485	60	25	main	main	ADJ
fueconorg-5485	60	26	determinants	determinant	NOUN
fueconorg-5485	60	27	of	of	ADP
fueconorg-5485	60	28	exchange	exchange	NOUN
fueconorg-5485	60	29	rate	rate	NOUN
fueconorg-5485	60	30	volatility	volatility	NOUN
fueconorg-5485	60	31	.	.	PUNCT
fueconorg-5485	61	1	frömmel	frömmel	NOUN
fueconorg-5485	61	2	et	et	PROPN
fueconorg-5485	61	3	al	al	PROPN
fueconorg-5485	61	4	.	.	PROPN
fueconorg-5485	62	1	(	(	PUNCT
fueconorg-5485	62	2	2011	2011	NUM
fueconorg-5485	62	3	)	)	PUNCT
fueconorg-5485	62	4	state	state	NOUN
fueconorg-5485	62	5	that	that	SCONJ
fueconorg-5485	62	6	with	with	ADP
fueconorg-5485	62	7	the	the	DET
fueconorg-5485	62	8	intention	intention	NOUN
fueconorg-5485	62	9	to	to	PART
fueconorg-5485	62	10	influence	influence	VERB
fueconorg-5485	62	11	on	on	ADP
fueconorg-5485	62	12	the	the	DET
fueconorg-5485	62	13	exchange	exchange	NOUN
fueconorg-5485	62	14	rate	rate	NOUN
fueconorg-5485	62	15	changes	change	VERB
fueconorg-5485	62	16	the	the	DET
fueconorg-5485	62	17	central	central	ADJ
fueconorg-5485	62	18	bank	bank	NOUN
fueconorg-5485	62	19	can	can	AUX
fueconorg-5485	62	20	essentially	essentially	ADV
fueconorg-5485	62	21	use	use	VERB
fueconorg-5485	62	22	two	two	NUM
fueconorg-5485	62	23	instruments	instrument	NOUN
fueconorg-5485	62	24	:	:	PUNCT
fueconorg-5485	62	25	foreign	foreign	ADJ
fueconorg-5485	62	26	exchange	exchange	NOUN
fueconorg-5485	62	27	interventions	intervention	NOUN
fueconorg-5485	62	28	and	and	CCONJ
fueconorg-5485	62	29	interest	interest	NOUN
fueconorg-5485	62	30	rate	rate	NOUN
fueconorg-5485	62	31	changes	change	NOUN
fueconorg-5485	62	32	.	.	PUNCT
fueconorg-5485	63	1	several	several	ADJ
fueconorg-5485	63	2	authors	author	NOUN
fueconorg-5485	63	3	have	have	AUX
fueconorg-5485	63	4	examined	examine	VERB
fueconorg-5485	63	5	the	the	DET
fueconorg-5485	63	6	usefulness	usefulness	NOUN
fueconorg-5485	63	7	of	of	ADP
fueconorg-5485	63	8	foreign	foreign	ADJ
fueconorg-5485	63	9	exchange	exchange	NOUN
fueconorg-5485	63	10	interventions	intervention	NOUN
fueconorg-5485	63	11	(	(	PUNCT
fueconorg-5485	63	12	dominguez	dominguez	PROPN
fueconorg-5485	63	13	,	,	PUNCT
fueconorg-5485	63	14	&	&	CCONJ
fueconorg-5485	63	15	frankel	frankel	PROPN
fueconorg-5485	63	16	,	,	PUNCT
fueconorg-5485	63	17	1990	1990	NUM
fueconorg-5485	63	18	;	;	PUNCT
fueconorg-5485	63	19	ito	ito	PROPN
fueconorg-5485	63	20	,	,	PUNCT
fueconorg-5485	63	21	2002	2002	NUM
fueconorg-5485	63	22	;	;	PUNCT
fueconorg-5485	63	23	fatum	fatum	PROPN
fueconorg-5485	63	24	,	,	PUNCT
fueconorg-5485	63	25	&	&	CCONJ
fueconorg-5485	63	26	hutchison	hutchison	PROPN
fueconorg-5485	63	27	,	,	PUNCT
fueconorg-5485	63	28	2003	2003	NUM
fueconorg-5485	63	29	;	;	PUNCT
fueconorg-5485	63	30	neely	neely	PROPN
fueconorg-5485	63	31	,	,	PUNCT
fueconorg-5485	63	32	2005	2005	NUM
fueconorg-5485	63	33	;	;	PUNCT
fueconorg-5485	63	34	basu	basu	PROPN
fueconorg-5485	63	35	,	,	PUNCT
fueconorg-5485	63	36	2012	2012	NUM
fueconorg-5485	63	37	)	)	PUNCT
fueconorg-5485	63	38	.	.	PUNCT
fueconorg-5485	64	1	additionally	additionally	ADV
fueconorg-5485	64	2	,	,	PUNCT
fueconorg-5485	64	3	there	there	PRON
fueconorg-5485	64	4	is	be	VERB
fueconorg-5485	64	5	evidence	evidence	NOUN
fueconorg-5485	64	6	of	of	ADP
fueconorg-5485	64	7	reduction	reduction	NOUN
fueconorg-5485	64	8	of	of	ADP
fueconorg-5485	64	9	volatility	volatility	NOUN
fueconorg-5485	64	10	due	due	ADP
fueconorg-5485	64	11	to	to	ADP
fueconorg-5485	64	12	foreign	foreign	ADJ
fueconorg-5485	64	13	exchange	exchange	NOUN
fueconorg-5485	64	14	interventions	intervention	NOUN
fueconorg-5485	64	15	(	(	PUNCT
fueconorg-5485	64	16	abenoja	abenoja	ADV
fueconorg-5485	64	17	,	,	PUNCT
fueconorg-5485	64	18	2003	2003	NUM
fueconorg-5485	64	19	;	;	PUNCT
fueconorg-5485	64	20	viola	viola	PROPN
fueconorg-5485	64	21	et	et	PROPN
fueconorg-5485	64	22	al	al	PROPN
fueconorg-5485	64	23	.	.	PROPN
fueconorg-5485	64	24	,	,	PUNCT
fueconorg-5485	64	25	2019	2019	NUM
fueconorg-5485	64	26	)	)	PUNCT
fueconorg-5485	64	27	.	.	PUNCT
fueconorg-5485	65	1	serbia	serbia	PROPN
fueconorg-5485	65	2	has	have	AUX
fueconorg-5485	65	3	been	be	AUX
fueconorg-5485	65	4	applying	apply	VERB
fueconorg-5485	65	5	a	a	DET
fueconorg-5485	65	6	managed	manage	VERB
fueconorg-5485	65	7	-	-	PUNCT
fueconorg-5485	65	8	float	float	NOUN
fueconorg-5485	65	9	exchange	exchange	NOUN
fueconorg-5485	65	10	rate	rate	NOUN
fueconorg-5485	65	11	regime	regime	NOUN
fueconorg-5485	65	12	,	,	PUNCT
fueconorg-5485	65	13	and	and	CCONJ
fueconorg-5485	65	14	the	the	DET
fueconorg-5485	65	15	inflation	inflation	NOUN
fueconorg-5485	65	16	targeting	target	VERB
fueconorg-5485	65	17	regime	regime	NOUN
fueconorg-5485	65	18	has	have	AUX
fueconorg-5485	65	19	been	be	AUX
fueconorg-5485	65	20	in	in	ADP
fueconorg-5485	65	21	place	place	NOUN
fueconorg-5485	65	22	since	since	SCONJ
fueconorg-5485	65	23	2009	2009	NUM
fueconorg-5485	65	24	.	.	PUNCT
fueconorg-5485	66	1	under	under	ADP
fueconorg-5485	66	2	the	the	DET
fueconorg-5485	66	3	inflation	inflation	NOUN
fueconorg-5485	66	4	-	-	PUNCT
fueconorg-5485	66	5	targeting	target	VERB
fueconorg-5485	66	6	and	and	CCONJ
fueconorg-5485	66	7	managedfloat	managedfloat	NOUN
fueconorg-5485	66	8	framework	framework	NOUN
fueconorg-5485	66	9	,	,	PUNCT
fueconorg-5485	66	10	market	market	NOUN
fueconorg-5485	66	11	forces	force	NOUN
fueconorg-5485	66	12	are	be	AUX
fueconorg-5485	66	13	allowed	allow	VERB
fueconorg-5485	66	14	to	to	PART
fueconorg-5485	66	15	determine	determine	VERB
fueconorg-5485	66	16	the	the	DET
fueconorg-5485	66	17	value	value	NOUN
fueconorg-5485	66	18	of	of	ADP
fueconorg-5485	66	19	the	the	DET
fueconorg-5485	66	20	currency	currency	NOUN
fueconorg-5485	66	21	which	which	PRON
fueconorg-5485	66	22	reflect	reflect	VERB
fueconorg-5485	66	23	demand	demand	NOUN
fueconorg-5485	66	24	and	and	CCONJ
fueconorg-5485	66	25	supply	supply	NOUN
fueconorg-5485	66	26	for	for	ADP
fueconorg-5485	66	27	that	that	DET
fueconorg-5485	66	28	currency	currency	NOUN
fueconorg-5485	66	29	in	in	ADP
fueconorg-5485	66	30	the	the	DET
fueconorg-5485	66	31	foreign	foreign	ADJ
fueconorg-5485	66	32	exchange	exchange	NOUN
fueconorg-5485	66	33	markets	market	NOUN
fueconorg-5485	66	34	(	(	PUNCT
fueconorg-5485	66	35	bouraoui	bouraoui	NOUN
fueconorg-5485	66	36	&	&	CCONJ
fueconorg-5485	66	37	phisuthtiwatcharavong	phisuthtiwatcharavong	PROPN
fueconorg-5485	66	38	,	,	PUNCT
fueconorg-5485	66	39	2015	2015	NUM
fueconorg-5485	66	40	)	)	PUNCT
fueconorg-5485	66	41	.	.	PUNCT
fueconorg-5485	67	1	the	the	DET
fueconorg-5485	67	2	joint	joint	ADJ
fueconorg-5485	67	3	movements	movement	NOUN
fueconorg-5485	67	4	in	in	ADP
fueconorg-5485	67	5	eur	eur	PROPN
fueconorg-5485	67	6	/	/	SYM
fueconorg-5485	67	7	rsd	rsd	NOUN
fueconorg-5485	67	8	exchange	exchange	NOUN
fueconorg-5485	67	9	rate	rate	NOUN
fueconorg-5485	67	10	and	and	CCONJ
fueconorg-5485	67	11	foreign	foreign	ADJ
fueconorg-5485	67	12	exchange	exchange	NOUN
fueconorg-5485	67	13	interventions	intervention	NOUN
fueconorg-5485	67	14	of	of	ADP
fueconorg-5485	67	15	the	the	DET
fueconorg-5485	67	16	national	national	PROPN
fueconorg-5485	67	17	bank	bank	PROPN
fueconorg-5485	67	18	of	of	ADP
fueconorg-5485	67	19	serbia	serbia	PROPN
fueconorg-5485	67	20	are	be	AUX
fueconorg-5485	67	21	presented	present	VERB
fueconorg-5485	67	22	in	in	ADP
fueconorg-5485	67	23	figure	figure	NOUN
fueconorg-5485	67	24	1	1	NUM
fueconorg-5485	67	25	.	.	PUNCT
fueconorg-5485	67	26	fig	fig	NOUN
fueconorg-5485	67	27	.	.	PUNCT
fueconorg-5485	68	1	1	1	NUM
fueconorg-5485	68	2	movements	movement	NOUN
fueconorg-5485	68	3	in	in	ADP
fueconorg-5485	68	4	eur	eur	PROPN
fueconorg-5485	68	5	/	/	SYM
fueconorg-5485	68	6	rsd	rsd	NOUN
fueconorg-5485	68	7	exchange	exchange	NOUN
fueconorg-5485	68	8	rate	rate	NOUN
fueconorg-5485	68	9	and	and	CCONJ
fueconorg-5485	68	10	nbs	nbs	PROPN
fueconorg-5485	68	11	foreign	foreign	PROPN
fueconorg-5485	68	12	exchange	exchange	NOUN
fueconorg-5485	68	13	interventions	intervention	NOUN
fueconorg-5485	68	14	(	(	PUNCT
fueconorg-5485	68	15	on	on	ADP
fueconorg-5485	68	16	a	a	DET
fueconorg-5485	68	17	daily	daily	ADJ
fueconorg-5485	68	18	basis	basis	NOUN
fueconorg-5485	68	19	)	)	PUNCT
fueconorg-5485	68	20	source	source	NOUN
fueconorg-5485	68	21	:	:	PUNCT
fueconorg-5485	68	22	authors	author	NOUN
fueconorg-5485	68	23	presentation	presentation	NOUN
fueconorg-5485	68	24	based	base	VERB
fueconorg-5485	68	25	on	on	ADP
fueconorg-5485	68	26	the	the	DET
fueconorg-5485	68	27	data	datum	NOUN
fueconorg-5485	68	28	of	of	ADP
fueconorg-5485	68	29	the	the	DET
fueconorg-5485	68	30	national	national	PROPN
fueconorg-5485	68	31	bank	bank	PROPN
fueconorg-5485	68	32	of	of	ADP
fueconorg-5485	68	33	serbia	serbia	PROPN
fueconorg-5485	68	34	,	,	PUNCT
fueconorg-5485	68	35	2019b	2019b	NUM
fueconorg-5485	68	36	.	.	PUNCT
fueconorg-5485	69	1	regarding	regard	VERB
fueconorg-5485	69	2	factors	factor	NOUN
fueconorg-5485	69	3	that	that	PRON
fueconorg-5485	69	4	determine	determine	VERB
fueconorg-5485	69	5	the	the	DET
fueconorg-5485	69	6	level	level	NOUN
fueconorg-5485	69	7	of	of	ADP
fueconorg-5485	69	8	foreign	foreign	ADJ
fueconorg-5485	69	9	exchange	exchange	NOUN
fueconorg-5485	69	10	reserves	reserve	NOUN
fueconorg-5485	69	11	,	,	PUNCT
fueconorg-5485	69	12	in	in	ADP
fueconorg-5485	69	13	addition	addition	NOUN
fueconorg-5485	69	14	to	to	ADP
fueconorg-5485	69	15	the	the	DET
fueconorg-5485	69	16	balance	balance	NOUN
fueconorg-5485	69	17	of	of	ADP
fueconorg-5485	69	18	payments	payment	NOUN
fueconorg-5485	69	19	,	,	PUNCT
fueconorg-5485	69	20	an	an	DET
fueconorg-5485	69	21	important	important	ADJ
fueconorg-5485	69	22	determinant	determinant	NOUN
fueconorg-5485	69	23	of	of	ADP
fueconorg-5485	69	24	foreign	foreign	ADJ
fueconorg-5485	69	25	exchange	exchange	NOUN
fueconorg-5485	69	26	reserves	reserve	NOUN
fueconorg-5485	69	27	is	be	AUX
fueconorg-5485	69	28	the	the	DET
fueconorg-5485	69	29	applied	apply	VERB
fueconorg-5485	69	30	exchange	exchange	NOUN
fueconorg-5485	69	31	rate	rate	NOUN
fueconorg-5485	69	32	regime	regime	NOUN
fueconorg-5485	69	33	.	.	PUNCT
fueconorg-5485	70	1	it	it	PRON
fueconorg-5485	70	2	depends	depend	VERB
fueconorg-5485	70	3	on	on	ADP
fueconorg-5485	70	4	the	the	DET
fueconorg-5485	70	5	movement	movement	NOUN
fueconorg-5485	70	6	of	of	ADP
fueconorg-5485	70	7	a	a	DET
fueconorg-5485	70	8	set	set	NOUN
fueconorg-5485	70	9	of	of	ADP
fueconorg-5485	70	10	macroeconomic	macroeconomic	ADJ
fueconorg-5485	70	11	causality	causality	NOUN
fueconorg-5485	70	12	between	between	ADP
fueconorg-5485	70	13	exchange	exchange	NOUN
fueconorg-5485	70	14	rates	rate	NOUN
fueconorg-5485	70	15	and	and	CCONJ
fueconorg-5485	70	16	foreign	foreign	ADJ
fueconorg-5485	70	17	exchange	exchange	NOUN
fueconorg-5485	70	18	reserves	reserve	NOUN
fueconorg-5485	70	19	:	:	PUNCT
fueconorg-5485	70	20	serbian	serbian	ADJ
fueconorg-5485	70	21	case	case	NOUN
fueconorg-5485	70	22	447	447	NUM
fueconorg-5485	70	23	variables	variable	NOUN
fueconorg-5485	70	24	over	over	ADP
fueconorg-5485	70	25	time	time	NOUN
fueconorg-5485	70	26	(	(	PUNCT
fueconorg-5485	70	27	inflation	inflation	NOUN
fueconorg-5485	70	28	,	,	PUNCT
fueconorg-5485	70	29	certain	certain	ADJ
fueconorg-5485	70	30	transmission	transmission	NOUN
fueconorg-5485	70	31	channels	channel	NOUN
fueconorg-5485	70	32	,	,	PUNCT
fueconorg-5485	70	33	euroization	euroization	NOUN
fueconorg-5485	70	34	of	of	ADP
fueconorg-5485	70	35	the	the	DET
fueconorg-5485	70	36	economy	economy	NOUN
fueconorg-5485	70	37	,	,	PUNCT
fueconorg-5485	70	38	labour	labour	NOUN
fueconorg-5485	70	39	flexibility	flexibility	NOUN
fueconorg-5485	70	40	)	)	PUNCT
fueconorg-5485	70	41	.	.	PUNCT
fueconorg-5485	71	1	economies	economy	NOUN
fueconorg-5485	71	2	with	with	ADP
fueconorg-5485	71	3	internal	internal	ADJ
fueconorg-5485	71	4	problems	problem	NOUN
fueconorg-5485	71	5	and	and	CCONJ
fueconorg-5485	71	6	high	high	ADJ
fueconorg-5485	71	7	inflation	inflation	NOUN
fueconorg-5485	71	8	rates	rate	NOUN
fueconorg-5485	71	9	are	be	AUX
fueconorg-5485	71	10	generally	generally	ADV
fueconorg-5485	71	11	opting	opt	VERB
fueconorg-5485	71	12	for	for	ADP
fueconorg-5485	71	13	the	the	DET
fueconorg-5485	71	14	fixed	fix	VERB
fueconorg-5485	71	15	exchange	exchange	NOUN
fueconorg-5485	71	16	rate	rate	NOUN
fueconorg-5485	71	17	regime	regime	NOUN
fueconorg-5485	71	18	,	,	PUNCT
fueconorg-5485	71	19	while	while	SCONJ
fueconorg-5485	71	20	countries	country	NOUN
fueconorg-5485	71	21	that	that	PRON
fueconorg-5485	71	22	have	have	VERB
fueconorg-5485	71	23	a	a	DET
fueconorg-5485	71	24	balance	balance	NOUN
fueconorg-5485	71	25	of	of	ADP
fueconorg-5485	71	26	payments	payment	NOUN
fueconorg-5485	71	27	problem	problem	NOUN
fueconorg-5485	71	28	choose	choose	VERB
fueconorg-5485	71	29	a	a	DET
fueconorg-5485	71	30	floating	float	VERB
fueconorg-5485	71	31	exchange	exchange	NOUN
fueconorg-5485	71	32	rate	rate	NOUN
fueconorg-5485	71	33	.	.	PUNCT
fueconorg-5485	72	1	in	in	ADP
fueconorg-5485	72	2	a	a	DET
fueconorg-5485	72	3	fixed	fix	VERB
fueconorg-5485	72	4	exchange	exchange	NOUN
fueconorg-5485	72	5	rate	rate	NOUN
fueconorg-5485	72	6	regime	regime	NOUN
fueconorg-5485	72	7	,	,	PUNCT
fueconorg-5485	72	8	the	the	DET
fueconorg-5485	72	9	central	central	ADJ
fueconorg-5485	72	10	bank	bank	NOUN
fueconorg-5485	72	11	is	be	AUX
fueconorg-5485	72	12	obliged	oblige	VERB
fueconorg-5485	72	13	to	to	PART
fueconorg-5485	72	14	defend	defend	VERB
fueconorg-5485	72	15	the	the	DET
fueconorg-5485	72	16	established	establish	VERB
fueconorg-5485	72	17	level	level	NOUN
fueconorg-5485	72	18	of	of	ADP
fueconorg-5485	72	19	the	the	DET
fueconorg-5485	72	20	exchange	exchange	NOUN
fueconorg-5485	72	21	rate	rate	NOUN
fueconorg-5485	72	22	.	.	PUNCT
fueconorg-5485	73	1	the	the	DET
fueconorg-5485	73	2	sustainability	sustainability	NOUN
fueconorg-5485	73	3	of	of	ADP
fueconorg-5485	73	4	this	this	DET
fueconorg-5485	73	5	regime	regime	NOUN
fueconorg-5485	73	6	depends	depend	VERB
fueconorg-5485	73	7	on	on	ADP
fueconorg-5485	73	8	the	the	DET
fueconorg-5485	73	9	value	value	NOUN
fueconorg-5485	73	10	of	of	ADP
fueconorg-5485	73	11	available	available	ADJ
fueconorg-5485	73	12	foreign	foreign	ADJ
fueconorg-5485	73	13	exchange	exchange	NOUN
fueconorg-5485	73	14	reserves	reserve	NOUN
fueconorg-5485	73	15	.	.	PUNCT
fueconorg-5485	74	1	with	with	ADP
fueconorg-5485	74	2	the	the	DET
fueconorg-5485	74	3	floating	float	VERB
fueconorg-5485	74	4	exchange	exchange	NOUN
fueconorg-5485	74	5	rate	rate	NOUN
fueconorg-5485	74	6	regime	regime	NOUN
fueconorg-5485	74	7	,	,	PUNCT
fueconorg-5485	74	8	there	there	PRON
fueconorg-5485	74	9	is	be	VERB
fueconorg-5485	74	10	no	no	DET
fueconorg-5485	74	11	obligation	obligation	NOUN
fueconorg-5485	74	12	on	on	ADP
fueconorg-5485	74	13	the	the	DET
fueconorg-5485	74	14	central	central	ADJ
fueconorg-5485	74	15	bank	bank	NOUN
fueconorg-5485	74	16	to	to	PART
fueconorg-5485	74	17	maintain	maintain	VERB
fueconorg-5485	74	18	a	a	DET
fueconorg-5485	74	19	certain	certain	ADJ
fueconorg-5485	74	20	level	level	NOUN
fueconorg-5485	74	21	of	of	ADP
fueconorg-5485	74	22	the	the	DET
fueconorg-5485	74	23	exchange	exchange	NOUN
fueconorg-5485	74	24	rate	rate	NOUN
fueconorg-5485	74	25	,	,	PUNCT
fueconorg-5485	74	26	and	and	CCONJ
fueconorg-5485	74	27	the	the	DET
fueconorg-5485	74	28	degree	degree	NOUN
fueconorg-5485	74	29	and	and	CCONJ
fueconorg-5485	74	30	number	number	NOUN
fueconorg-5485	74	31	of	of	ADP
fueconorg-5485	74	32	foreign	foreign	ADJ
fueconorg-5485	74	33	exchange	exchange	NOUN
fueconorg-5485	74	34	interventions	intervention	NOUN
fueconorg-5485	74	35	is	be	AUX
fueconorg-5485	74	36	lower	low	ADJ
fueconorg-5485	74	37	.	.	PUNCT
fueconorg-5485	75	1	foreign	foreign	ADJ
fueconorg-5485	75	2	exchange	exchange	NOUN
fueconorg-5485	75	3	reserves	reserve	NOUN
fueconorg-5485	75	4	in	in	ADP
fueconorg-5485	75	5	this	this	DET
fueconorg-5485	75	6	case	case	NOUN
fueconorg-5485	75	7	fluctuate	fluctuate	NOUN
fueconorg-5485	75	8	less	less	ADJ
fueconorg-5485	75	9	,	,	PUNCT
fueconorg-5485	75	10	but	but	CCONJ
fueconorg-5485	75	11	since	since	SCONJ
fueconorg-5485	75	12	in	in	ADP
fueconorg-5485	75	13	this	this	DET
fueconorg-5485	75	14	exchange	exchange	NOUN
fueconorg-5485	75	15	rate	rate	NOUN
fueconorg-5485	75	16	regime	regime	NOUN
fueconorg-5485	75	17	it	it	PRON
fueconorg-5485	75	18	is	be	AUX
fueconorg-5485	75	19	possible	possible	ADJ
fueconorg-5485	75	20	for	for	SCONJ
fueconorg-5485	75	21	currency	currency	NOUN
fueconorg-5485	75	22	crises	crisis	NOUN
fueconorg-5485	75	23	to	to	PART
fueconorg-5485	75	24	emerge	emerge	VERB
fueconorg-5485	75	25	due	due	ADP
fueconorg-5485	75	26	to	to	ADP
fueconorg-5485	75	27	the	the	DET
fueconorg-5485	75	28	formed	form	VERB
fueconorg-5485	75	29	negative	negative	ADJ
fueconorg-5485	75	30	expectations	expectation	NOUN
fueconorg-5485	75	31	of	of	ADP
fueconorg-5485	75	32	market	market	NOUN
fueconorg-5485	75	33	entities	entity	NOUN
fueconorg-5485	75	34	,	,	PUNCT
fueconorg-5485	75	35	their	their	PRON
fueconorg-5485	75	36	level	level	NOUN
fueconorg-5485	75	37	will	will	AUX
fueconorg-5485	75	38	depend	depend	VERB
fueconorg-5485	75	39	on	on	ADP
fueconorg-5485	75	40	the	the	DET
fueconorg-5485	75	41	successful	successful	ADJ
fueconorg-5485	75	42	conduct	conduct	NOUN
fueconorg-5485	75	43	of	of	ADP
fueconorg-5485	75	44	economic	economic	ADJ
fueconorg-5485	75	45	policy	policy	NOUN
fueconorg-5485	75	46	.	.	PUNCT
fueconorg-5485	76	1	the	the	DET
fueconorg-5485	76	2	level	level	NOUN
fueconorg-5485	76	3	and	and	CCONJ
fueconorg-5485	76	4	movement	movement	NOUN
fueconorg-5485	76	5	of	of	ADP
fueconorg-5485	76	6	foreign	foreign	ADJ
fueconorg-5485	76	7	exchange	exchange	NOUN
fueconorg-5485	76	8	reserves	reserve	NOUN
fueconorg-5485	76	9	is	be	AUX
fueconorg-5485	76	10	shown	show	VERB
fueconorg-5485	76	11	in	in	ADP
fueconorg-5485	76	12	figure	figure	NOUN
fueconorg-5485	76	13	2	2	NUM
fueconorg-5485	76	14	.	.	PUNCT
fueconorg-5485	76	15	fig	fig	NOUN
fueconorg-5485	76	16	.	.	PUNCT
fueconorg-5485	77	1	2	2	NUM
fueconorg-5485	77	2	evolution	evolution	NOUN
fueconorg-5485	77	3	of	of	ADP
fueconorg-5485	77	4	foreign	foreign	ADJ
fueconorg-5485	77	5	exchange	exchange	NOUN
fueconorg-5485	77	6	reserves	reserve	NOUN
fueconorg-5485	77	7	of	of	ADP
fueconorg-5485	77	8	the	the	DET
fueconorg-5485	77	9	national	national	PROPN
fueconorg-5485	77	10	bank	bank	PROPN
fueconorg-5485	77	11	of	of	ADP
fueconorg-5485	77	12	serbia	serbia	PROPN
fueconorg-5485	77	13	in	in	ADP
fueconorg-5485	77	14	the	the	DET
fueconorg-5485	77	15	period	period	NOUN
fueconorg-5485	77	16	from	from	ADP
fueconorg-5485	77	17	september	september	PROPN
fueconorg-5485	77	18	2005	2005	NUM
fueconorg-5485	77	19	to	to	ADP
fueconorg-5485	77	20	april	april	PROPN
fueconorg-5485	77	21	2019	2019	NUM
fueconorg-5485	77	22	source	source	NOUN
fueconorg-5485	77	23	:	:	PUNCT
fueconorg-5485	77	24	authors	author	NOUN
fueconorg-5485	77	25	’	’	PART
fueconorg-5485	77	26	presentation	presentation	NOUN
fueconorg-5485	77	27	based	base	VERB
fueconorg-5485	77	28	on	on	ADP
fueconorg-5485	77	29	the	the	DET
fueconorg-5485	77	30	data	datum	NOUN
fueconorg-5485	77	31	of	of	ADP
fueconorg-5485	77	32	the	the	DET
fueconorg-5485	77	33	national	national	PROPN
fueconorg-5485	77	34	bank	bank	PROPN
fueconorg-5485	77	35	of	of	ADP
fueconorg-5485	77	36	serbia	serbia	PROPN
fueconorg-5485	77	37	,	,	PUNCT
fueconorg-5485	77	38	2019a	2019a	NUM
fueconorg-5485	77	39	.	.	PUNCT
fueconorg-5485	78	1	the	the	DET
fueconorg-5485	78	2	level	level	NOUN
fueconorg-5485	78	3	of	of	ADP
fueconorg-5485	78	4	the	the	DET
fueconorg-5485	78	5	exchange	exchange	NOUN
fueconorg-5485	78	6	rate	rate	NOUN
fueconorg-5485	78	7	in	in	ADP
fueconorg-5485	78	8	the	the	DET
fueconorg-5485	78	9	regime	regime	NOUN
fueconorg-5485	78	10	of	of	ADP
fueconorg-5485	78	11	floating	float	VERB
fueconorg-5485	78	12	exchange	exchange	NOUN
fueconorg-5485	78	13	rate	rate	NOUN
fueconorg-5485	78	14	is	be	AUX
fueconorg-5485	78	15	formed	form	VERB
fueconorg-5485	78	16	on	on	ADP
fueconorg-5485	78	17	the	the	DET
fueconorg-5485	78	18	basis	basis	NOUN
fueconorg-5485	78	19	of	of	ADP
fueconorg-5485	78	20	supply	supply	NOUN
fueconorg-5485	78	21	and	and	CCONJ
fueconorg-5485	78	22	demand	demand	NOUN
fueconorg-5485	78	23	in	in	ADP
fueconorg-5485	78	24	the	the	DET
fueconorg-5485	78	25	foreign	foreign	ADJ
fueconorg-5485	78	26	exchange	exchange	NOUN
fueconorg-5485	78	27	market	market	NOUN
fueconorg-5485	78	28	.	.	PUNCT
fueconorg-5485	79	1	certainly	certainly	ADV
fueconorg-5485	79	2	,	,	PUNCT
fueconorg-5485	79	3	foreign	foreign	ADJ
fueconorg-5485	79	4	trade	trade	NOUN
fueconorg-5485	79	5	flows	flow	NOUN
fueconorg-5485	79	6	(	(	PUNCT
fueconorg-5485	79	7	exports	export	NOUN
fueconorg-5485	79	8	and	and	CCONJ
fueconorg-5485	79	9	imports	import	NOUN
fueconorg-5485	79	10	of	of	ADP
fueconorg-5485	79	11	goods	good	NOUN
fueconorg-5485	79	12	and	and	CCONJ
fueconorg-5485	79	13	services	service	NOUN
fueconorg-5485	79	14	)	)	PUNCT
fueconorg-5485	79	15	are	be	AUX
fueconorg-5485	79	16	the	the	DET
fueconorg-5485	79	17	most	most	ADV
fueconorg-5485	79	18	significant	significant	ADJ
fueconorg-5485	79	19	factors	factor	NOUN
fueconorg-5485	79	20	in	in	ADP
fueconorg-5485	79	21	exchange	exchange	NOUN
fueconorg-5485	79	22	rate	rate	NOUN
fueconorg-5485	79	23	formation	formation	NOUN
fueconorg-5485	79	24	.	.	PUNCT
fueconorg-5485	80	1	next	next	ADV
fueconorg-5485	80	2	,	,	PUNCT
fueconorg-5485	80	3	inflation	inflation	NOUN
fueconorg-5485	80	4	is	be	AUX
fueconorg-5485	80	5	one	one	NUM
fueconorg-5485	80	6	of	of	ADP
fueconorg-5485	80	7	the	the	DET
fueconorg-5485	80	8	important	important	ADJ
fueconorg-5485	80	9	factors	factor	NOUN
fueconorg-5485	80	10	,	,	PUNCT
fueconorg-5485	80	11	as	as	SCONJ
fueconorg-5485	80	12	is	be	AUX
fueconorg-5485	80	13	the	the	DET
fueconorg-5485	80	14	inflow	inflow	NOUN
fueconorg-5485	80	15	and	and	CCONJ
fueconorg-5485	80	16	outflow	outflow	NOUN
fueconorg-5485	80	17	of	of	ADP
fueconorg-5485	80	18	remittances	remittance	NOUN
fueconorg-5485	80	19	from	from	ADP
fueconorg-5485	80	20	abroad	abroad	ADV
fueconorg-5485	80	21	.	.	PUNCT
fueconorg-5485	81	1	in	in	ADP
fueconorg-5485	81	2	addition	addition	NOUN
fueconorg-5485	81	3	,	,	PUNCT
fueconorg-5485	81	4	capital	capital	NOUN
fueconorg-5485	81	5	transactions	transaction	NOUN
fueconorg-5485	81	6	(	(	PUNCT
fueconorg-5485	81	7	foreign	foreign	ADJ
fueconorg-5485	81	8	direct	direct	ADJ
fueconorg-5485	81	9	investment	investment	NOUN
fueconorg-5485	81	10	,	,	PUNCT
fueconorg-5485	81	11	portfolio	portfolio	NOUN
fueconorg-5485	81	12	investment	investment	NOUN
fueconorg-5485	81	13	)	)	PUNCT
fueconorg-5485	81	14	have	have	VERB
fueconorg-5485	81	15	a	a	DET
fueconorg-5485	81	16	strong	strong	ADJ
fueconorg-5485	81	17	impact	impact	NOUN
fueconorg-5485	81	18	,	,	PUNCT
fueconorg-5485	81	19	primarily	primarily	ADV
fueconorg-5485	81	20	in	in	ADP
fueconorg-5485	81	21	developing	develop	VERB
fueconorg-5485	81	22	countries	country	NOUN
fueconorg-5485	81	23	.	.	PUNCT
fueconorg-5485	82	1	finally	finally	ADV
fueconorg-5485	82	2	,	,	PUNCT
fueconorg-5485	82	3	one	one	NUM
fueconorg-5485	82	4	of	of	ADP
fueconorg-5485	82	5	the	the	DET
fueconorg-5485	82	6	factors	factor	NOUN
fueconorg-5485	82	7	is	be	AUX
fueconorg-5485	82	8	the	the	DET
fueconorg-5485	82	9	intervention	intervention	NOUN
fueconorg-5485	82	10	of	of	ADP
fueconorg-5485	82	11	monetary	monetary	ADJ
fueconorg-5485	82	12	authorities	authority	NOUN
fueconorg-5485	82	13	in	in	ADP
fueconorg-5485	82	14	order	order	NOUN
fueconorg-5485	82	15	to	to	PART
fueconorg-5485	82	16	mitigate	mitigate	VERB
fueconorg-5485	82	17	smaller	small	ADJ
fueconorg-5485	82	18	or	or	CCONJ
fueconorg-5485	82	19	larger	large	ADJ
fueconorg-5485	82	20	fluctuations	fluctuation	NOUN
fueconorg-5485	82	21	in	in	ADP
fueconorg-5485	82	22	the	the	DET
fueconorg-5485	82	23	foreign	foreign	ADJ
fueconorg-5485	82	24	exchange	exchange	NOUN
fueconorg-5485	82	25	market	market	NOUN
fueconorg-5485	82	26	,	,	PUNCT
fueconorg-5485	82	27	in	in	ADP
fueconorg-5485	82	28	regimes	regime	NOUN
fueconorg-5485	82	29	other	other	ADJ
fueconorg-5485	82	30	than	than	ADP
fueconorg-5485	82	31	purely	purely	ADV
fueconorg-5485	82	32	floating	float	VERB
fueconorg-5485	82	33	exchange	exchange	NOUN
fueconorg-5485	82	34	rates	rate	NOUN
fueconorg-5485	82	35	.	.	PUNCT
fueconorg-5485	83	1	other	other	ADJ
fueconorg-5485	83	2	factors	factor	NOUN
fueconorg-5485	83	3	include	include	VERB
fueconorg-5485	83	4	interest	interest	NOUN
fueconorg-5485	83	5	rate	rate	NOUN
fueconorg-5485	83	6	,	,	PUNCT
fueconorg-5485	83	7	national	national	ADJ
fueconorg-5485	83	8	income	income	NOUN
fueconorg-5485	83	9	,	,	PUNCT
fueconorg-5485	83	10	investor	investor	NOUN
fueconorg-5485	83	11	expectations	expectation	NOUN
fueconorg-5485	83	12	,	,	PUNCT
fueconorg-5485	83	13	and	and	CCONJ
fueconorg-5485	83	14	the	the	DET
fueconorg-5485	83	15	state	state	NOUN
fueconorg-5485	83	16	of	of	ADP
fueconorg-5485	83	17	the	the	DET
fueconorg-5485	83	18	world	world	NOUN
fueconorg-5485	83	19	economy	economy	NOUN
fueconorg-5485	83	20	.	.	PUNCT
fueconorg-5485	84	1	on	on	ADP
fueconorg-5485	84	2	the	the	DET
fueconorg-5485	84	3	other	other	ADJ
fueconorg-5485	84	4	hand	hand	NOUN
fueconorg-5485	84	5	,	,	PUNCT
fueconorg-5485	84	6	the	the	DET
fueconorg-5485	84	7	causal	causal	ADJ
fueconorg-5485	84	8	relationship	relationship	NOUN
fueconorg-5485	84	9	between	between	ADP
fueconorg-5485	84	10	the	the	DET
fueconorg-5485	84	11	exchange	exchange	NOUN
fueconorg-5485	84	12	rate	rate	NOUN
fueconorg-5485	84	13	and	and	CCONJ
fueconorg-5485	84	14	the	the	DET
fueconorg-5485	84	15	foreign	foreign	ADJ
fueconorg-5485	84	16	exchange	exchange	NOUN
fueconorg-5485	84	17	reserves	reserve	NOUN
fueconorg-5485	84	18	is	be	AUX
fueconorg-5485	84	19	not	not	PART
fueconorg-5485	84	20	a	a	DET
fueconorg-5485	84	21	common	common	ADJ
fueconorg-5485	84	22	topic	topic	NOUN
fueconorg-5485	84	23	of	of	ADP
fueconorg-5485	84	24	research	research	NOUN
fueconorg-5485	84	25	,	,	PUNCT
fueconorg-5485	84	26	and	and	CCONJ
fueconorg-5485	84	27	there	there	PRON
fueconorg-5485	84	28	are	be	VERB
fueconorg-5485	84	29	only	only	ADV
fueconorg-5485	84	30	a	a	DET
fueconorg-5485	84	31	few	few	ADJ
fueconorg-5485	84	32	studies	study	NOUN
fueconorg-5485	84	33	that	that	PRON
fueconorg-5485	84	34	have	have	AUX
fueconorg-5485	84	35	dealt	deal	VERB
fueconorg-5485	84	36	with	with	ADP
fueconorg-5485	84	37	the	the	DET
fueconorg-5485	84	38	examination	examination	NOUN
fueconorg-5485	84	39	of	of	ADP
fueconorg-5485	84	40	the	the	DET
fueconorg-5485	84	41	short	short	ADJ
fueconorg-5485	84	42	-	-	PUNCT
fueconorg-5485	84	43	term	term	NOUN
fueconorg-5485	84	44	and	and	CCONJ
fueconorg-5485	84	45	long	long	ADJ
fueconorg-5485	84	46	-	-	PUNCT
fueconorg-5485	84	47	term	term	NOUN
fueconorg-5485	84	48	relationship	relationship	NOUN
fueconorg-5485	84	49	between	between	ADP
fueconorg-5485	84	50	the	the	DET
fueconorg-5485	84	51	stated	state	VERB
fueconorg-5485	84	52	variables	variable	NOUN
fueconorg-5485	84	53	.	.	PUNCT
fueconorg-5485	85	1	448	448	NUM
fueconorg-5485	85	2	i.	i.	NOUN
fueconorg-5485	85	3	marjanović	marjanović	NOUN
fueconorg-5485	85	4	,	,	PUNCT
fueconorg-5485	85	5	m.	m.	NOUN
fueconorg-5485	85	6	marković	marković	PROPN
fueconorg-5485	85	7	gokhale	gokhale	PROPN
fueconorg-5485	85	8	and	and	CCONJ
fueconorg-5485	85	9	raju	raju	PROPN
fueconorg-5485	85	10	(	(	PUNCT
fueconorg-5485	85	11	2013	2013	NUM
fueconorg-5485	85	12	)	)	PUNCT
fueconorg-5485	85	13	have	have	AUX
fueconorg-5485	85	14	investigated	investigate	VERB
fueconorg-5485	85	15	causality	causality	NOUN
fueconorg-5485	85	16	among	among	ADP
fueconorg-5485	85	17	exchange	exchange	NOUN
fueconorg-5485	85	18	rate	rate	NOUN
fueconorg-5485	85	19	and	and	CCONJ
fueconorg-5485	85	20	foreign	foreign	ADJ
fueconorg-5485	85	21	exchange	exchange	NOUN
fueconorg-5485	85	22	reserves	reserve	NOUN
fueconorg-5485	85	23	in	in	ADP
fueconorg-5485	85	24	india	india	PROPN
fueconorg-5485	85	25	using	use	VERB
fueconorg-5485	85	26	a	a	DET
fueconorg-5485	85	27	time	time	NOUN
fueconorg-5485	85	28	series	series	PROPN
fueconorg-5485	85	29	data	datum	NOUN
fueconorg-5485	85	30	during	during	ADP
fueconorg-5485	85	31	the	the	DET
fueconorg-5485	85	32	period	period	NOUN
fueconorg-5485	85	33	between	between	ADP
fueconorg-5485	85	34	1980	1980	NUM
fueconorg-5485	85	35	and	and	CCONJ
fueconorg-5485	85	36	2010	2010	NUM
fueconorg-5485	85	37	.	.	PUNCT
fueconorg-5485	86	1	their	their	PRON
fueconorg-5485	86	2	intention	intention	NOUN
fueconorg-5485	86	3	was	be	AUX
fueconorg-5485	86	4	to	to	PART
fueconorg-5485	86	5	determine	determine	VERB
fueconorg-5485	86	6	the	the	DET
fueconorg-5485	86	7	influence	influence	NOUN
fueconorg-5485	86	8	of	of	ADP
fueconorg-5485	86	9	foreign	foreign	ADJ
fueconorg-5485	86	10	exchange	exchange	NOUN
fueconorg-5485	86	11	reserves	reserve	NOUN
fueconorg-5485	86	12	on	on	ADP
fueconorg-5485	86	13	the	the	DET
fueconorg-5485	86	14	exchange	exchange	NOUN
fueconorg-5485	86	15	rate	rate	NOUN
fueconorg-5485	86	16	using	use	VERB
fueconorg-5485	86	17	the	the	DET
fueconorg-5485	86	18	unit	unit	NOUN
fueconorg-5485	86	19	root	root	NOUN
fueconorg-5485	86	20	test	test	NOUN
fueconorg-5485	86	21	,	,	PUNCT
fueconorg-5485	86	22	johansson	johansson	PROPN
fueconorg-5485	86	23	cointegration	cointegration	PROPN
fueconorg-5485	86	24	test	test	NOUN
fueconorg-5485	86	25	and	and	CCONJ
fueconorg-5485	86	26	vector	vector	NOUN
fueconorg-5485	86	27	auto	auto	NOUN
fueconorg-5485	86	28	regression	regression	NOUN
fueconorg-5485	86	29	(	(	PUNCT
fueconorg-5485	86	30	var	var	NOUN
fueconorg-5485	86	31	)	)	PUNCT
fueconorg-5485	86	32	.	.	PUNCT
fueconorg-5485	87	1	the	the	DET
fueconorg-5485	87	2	results	result	NOUN
fueconorg-5485	87	3	of	of	ADP
fueconorg-5485	87	4	their	their	PRON
fueconorg-5485	87	5	study	study	NOUN
fueconorg-5485	87	6	indicate	indicate	VERB
fueconorg-5485	87	7	that	that	SCONJ
fueconorg-5485	87	8	there	there	PRON
fueconorg-5485	87	9	is	be	VERB
fueconorg-5485	87	10	no	no	DET
fueconorg-5485	87	11	long	long	ADJ
fueconorg-5485	87	12	and	and	CCONJ
fueconorg-5485	87	13	short	short	ADJ
fueconorg-5485	87	14	-	-	PUNCT
fueconorg-5485	87	15	term	term	NOUN
fueconorg-5485	87	16	relation	relation	NOUN
fueconorg-5485	87	17	between	between	ADP
fueconorg-5485	87	18	exchange	exchange	NOUN
fueconorg-5485	87	19	rate	rate	NOUN
fueconorg-5485	87	20	and	and	CCONJ
fueconorg-5485	87	21	foreign	foreign	ADJ
fueconorg-5485	87	22	exchange	exchange	NOUN
fueconorg-5485	87	23	reserves	reserve	NOUN
fueconorg-5485	87	24	.	.	PUNCT
fueconorg-5485	88	1	bearing	bear	VERB
fueconorg-5485	88	2	in	in	ADP
fueconorg-5485	88	3	mind	mind	NOUN
fueconorg-5485	88	4	that	that	SCONJ
fueconorg-5485	88	5	india	india	PROPN
fueconorg-5485	88	6	has	have	AUX
fueconorg-5485	88	7	managed	manage	VERB
fueconorg-5485	88	8	floating	float	VERB
fueconorg-5485	88	9	exchange	exchange	NOUN
fueconorg-5485	88	10	rate	rate	NOUN
fueconorg-5485	88	11	system	system	NOUN
fueconorg-5485	88	12	they	they	PRON
fueconorg-5485	88	13	conclude	conclude	VERB
fueconorg-5485	88	14	that	that	SCONJ
fueconorg-5485	88	15	foreign	foreign	ADJ
fueconorg-5485	88	16	exchange	exchange	NOUN
fueconorg-5485	88	17	reserve	reserve	NOUN
fueconorg-5485	88	18	accumulation	accumulation	NOUN
fueconorg-5485	88	19	in	in	ADP
fueconorg-5485	88	20	india	india	PROPN
fueconorg-5485	88	21	could	could	AUX
fueconorg-5485	88	22	have	have	AUX
fueconorg-5485	88	23	been	be	AUX
fueconorg-5485	88	24	carried	carry	VERB
fueconorg-5485	88	25	out	out	ADP
fueconorg-5485	88	26	with	with	ADP
fueconorg-5485	88	27	the	the	DET
fueconorg-5485	88	28	aim	aim	NOUN
fueconorg-5485	88	29	of	of	ADP
fueconorg-5485	88	30	providing	provide	VERB
fueconorg-5485	88	31	an	an	DET
fueconorg-5485	88	32	adequate	adequate	ADJ
fueconorg-5485	88	33	response	response	NOUN
fueconorg-5485	88	34	to	to	ADP
fueconorg-5485	88	35	the	the	DET
fueconorg-5485	88	36	possible	possible	ADJ
fueconorg-5485	88	37	currency	currency	NOUN
fueconorg-5485	88	38	crisis	crisis	NOUN
fueconorg-5485	88	39	rather	rather	ADV
fueconorg-5485	88	40	than	than	ADP
fueconorg-5485	88	41	a	a	DET
fueconorg-5485	88	42	tool	tool	NOUN
fueconorg-5485	88	43	for	for	ADP
fueconorg-5485	88	44	regulating	regulate	VERB
fueconorg-5485	88	45	the	the	DET
fueconorg-5485	88	46	exchange	exchange	NOUN
fueconorg-5485	88	47	rate	rate	NOUN
fueconorg-5485	88	48	.	.	PUNCT
fueconorg-5485	89	1	kim	kim	PROPN
fueconorg-5485	89	2	(	(	PUNCT
fueconorg-5485	89	3	2003	2003	NUM
fueconorg-5485	89	4	)	)	PUNCT
fueconorg-5485	89	5	has	have	AUX
fueconorg-5485	89	6	developed	develop	VERB
fueconorg-5485	89	7	the	the	DET
fueconorg-5485	89	8	structural	structural	ADJ
fueconorg-5485	89	9	var	var	NOUN
fueconorg-5485	89	10	model	model	NOUN
fueconorg-5485	89	11	to	to	PART
fueconorg-5485	89	12	inspect	inspect	VERB
fueconorg-5485	89	13	together	together	ADV
fueconorg-5485	89	14	the	the	DET
fueconorg-5485	89	15	effects	effect	NOUN
fueconorg-5485	89	16	of	of	ADP
fueconorg-5485	89	17	foreign	foreign	ADJ
fueconorg-5485	89	18	exchange	exchange	NOUN
fueconorg-5485	89	19	intervention	intervention	NOUN
fueconorg-5485	89	20	and	and	CCONJ
fueconorg-5485	89	21	conventional	conventional	ADJ
fueconorg-5485	89	22	monetary	monetary	ADJ
fueconorg-5485	89	23	policy	policy	NOUN
fueconorg-5485	89	24	on	on	ADP
fueconorg-5485	89	25	the	the	DET
fueconorg-5485	89	26	exchange	exchange	NOUN
fueconorg-5485	89	27	rate	rate	NOUN
fueconorg-5485	89	28	.	.	PUNCT
fueconorg-5485	90	1	the	the	DET
fueconorg-5485	90	2	results	result	NOUN
fueconorg-5485	90	3	of	of	ADP
fueconorg-5485	90	4	the	the	DET
fueconorg-5485	90	5	study	study	NOUN
fueconorg-5485	90	6	specify	specify	VERB
fueconorg-5485	90	7	that	that	SCONJ
fueconorg-5485	90	8	foreign	foreign	ADJ
fueconorg-5485	90	9	exchange	exchange	NOUN
fueconorg-5485	90	10	intervention	intervention	NOUN
fueconorg-5485	90	11	has	have	VERB
fueconorg-5485	90	12	considerable	considerable	ADJ
fueconorg-5485	90	13	influence	influence	NOUN
fueconorg-5485	90	14	on	on	ADP
fueconorg-5485	90	15	the	the	DET
fueconorg-5485	90	16	exchange	exchange	NOUN
fueconorg-5485	90	17	rate	rate	NOUN
fueconorg-5485	90	18	and	and	CCONJ
fueconorg-5485	90	19	responds	respond	VERB
fueconorg-5485	90	20	to	to	PART
fueconorg-5485	90	21	stabilize	stabilize	VERB
fueconorg-5485	90	22	the	the	DET
fueconorg-5485	90	23	exchange	exchange	NOUN
fueconorg-5485	90	24	rate	rate	NOUN
fueconorg-5485	90	25	.	.	PUNCT
fueconorg-5485	91	1	bayat	bayat	VERB
fueconorg-5485	91	2	et	et	PROPN
fueconorg-5485	91	3	al	al	PROPN
fueconorg-5485	91	4	.	.	PROPN
fueconorg-5485	92	1	(	(	PUNCT
fueconorg-5485	92	2	2014	2014	NUM
fueconorg-5485	92	3	)	)	PUNCT
fueconorg-5485	92	4	have	have	AUX
fueconorg-5485	92	5	analysed	analyse	VERB
fueconorg-5485	92	6	exchange	exchange	NOUN
fueconorg-5485	92	7	rates	rate	NOUN
fueconorg-5485	92	8	and	and	CCONJ
fueconorg-5485	92	9	foreign	foreign	ADJ
fueconorg-5485	92	10	exchange	exchange	NOUN
fueconorg-5485	92	11	reserves	reserve	NOUN
fueconorg-5485	92	12	in	in	ADP
fueconorg-5485	92	13	turkey	turkey	NOUN
fueconorg-5485	92	14	using	use	VERB
fueconorg-5485	92	15	nonlinear	nonlinear	ADJ
fueconorg-5485	92	16	and	and	CCONJ
fueconorg-5485	92	17	frequency	frequency	NOUN
fueconorg-5485	92	18	domain	domain	NOUN
fueconorg-5485	92	19	causality	causality	NOUN
fueconorg-5485	92	20	approach	approach	NOUN
fueconorg-5485	92	21	during	during	ADP
fueconorg-5485	92	22	the	the	DET
fueconorg-5485	92	23	period	period	NOUN
fueconorg-5485	92	24	from	from	ADP
fueconorg-5485	92	25	january	january	PROPN
fueconorg-5485	92	26	2003	2003	NUM
fueconorg-5485	92	27	until	until	ADP
fueconorg-5485	92	28	january	january	PROPN
fueconorg-5485	92	29	2014	2014	NUM
fueconorg-5485	92	30	.	.	PUNCT
fueconorg-5485	93	1	their	their	PRON
fueconorg-5485	93	2	findings	finding	NOUN
fueconorg-5485	93	3	reveal	reveal	VERB
fueconorg-5485	93	4	that	that	SCONJ
fueconorg-5485	93	5	there	there	PRON
fueconorg-5485	93	6	is	be	VERB
fueconorg-5485	93	7	a	a	DET
fueconorg-5485	93	8	nonlinear	nonlinear	ADJ
fueconorg-5485	93	9	cointegration	cointegration	NOUN
fueconorg-5485	93	10	between	between	ADP
fueconorg-5485	93	11	analysed	analyse	VERB
fueconorg-5485	93	12	variable	variable	NOUN
fueconorg-5485	93	13	and	and	CCONJ
fueconorg-5485	93	14	that	that	SCONJ
fueconorg-5485	93	15	causality	causality	NOUN
fueconorg-5485	93	16	is	be	AUX
fueconorg-5485	93	17	running	run	VERB
fueconorg-5485	93	18	from	from	ADP
fueconorg-5485	93	19	nominal	nominal	ADJ
fueconorg-5485	93	20	and	and	CCONJ
fueconorg-5485	93	21	real	real	ADJ
fueconorg-5485	93	22	exchange	exchange	NOUN
fueconorg-5485	93	23	rate	rate	NOUN
fueconorg-5485	93	24	to	to	ADP
fueconorg-5485	93	25	foreign	foreign	ADJ
fueconorg-5485	93	26	exchange	exchange	NOUN
fueconorg-5485	93	27	reserves	reserve	NOUN
fueconorg-5485	93	28	.	.	PUNCT
fueconorg-5485	94	1	kasman	kasman	NOUN
fueconorg-5485	94	2	and	and	CCONJ
fueconorg-5485	94	3	ayhan	ayhan	PROPN
fueconorg-5485	94	4	(	(	PUNCT
fueconorg-5485	94	5	2008	2008	NUM
fueconorg-5485	94	6	)	)	PUNCT
fueconorg-5485	94	7	have	have	AUX
fueconorg-5485	94	8	examined	examine	VERB
fueconorg-5485	94	9	the	the	DET
fueconorg-5485	94	10	association	association	NOUN
fueconorg-5485	94	11	between	between	ADP
fueconorg-5485	94	12	exchange	exchange	NOUN
fueconorg-5485	94	13	rates	rate	NOUN
fueconorg-5485	94	14	and	and	CCONJ
fueconorg-5485	94	15	foreign	foreign	ADJ
fueconorg-5485	94	16	exchange	exchange	NOUN
fueconorg-5485	94	17	reserves	reserve	NOUN
fueconorg-5485	94	18	in	in	ADP
fueconorg-5485	94	19	turkey	turkey	NOUN
fueconorg-5485	94	20	,	,	PUNCT
fueconorg-5485	94	21	on	on	ADP
fueconorg-5485	94	22	the	the	DET
fueconorg-5485	94	23	basis	basis	NOUN
fueconorg-5485	94	24	of	of	ADP
fueconorg-5485	94	25	monthly	monthly	ADJ
fueconorg-5485	94	26	data	datum	NOUN
fueconorg-5485	94	27	during	during	ADP
fueconorg-5485	94	28	the	the	DET
fueconorg-5485	94	29	period	period	NOUN
fueconorg-5485	94	30	from	from	ADP
fueconorg-5485	94	31	january	january	PROPN
fueconorg-5485	94	32	1982	1982	NUM
fueconorg-5485	94	33	until	until	ADP
fueconorg-5485	94	34	november	november	PROPN
fueconorg-5485	94	35	2005	2005	NUM
fueconorg-5485	94	36	using	use	VERB
fueconorg-5485	94	37	unit	unit	NOUN
fueconorg-5485	94	38	root	root	NOUN
fueconorg-5485	94	39	and	and	CCONJ
fueconorg-5485	94	40	cointegration	cointegration	NOUN
fueconorg-5485	94	41	tests	test	NOUN
fueconorg-5485	94	42	,	,	PUNCT
fueconorg-5485	94	43	which	which	PRON
fueconorg-5485	94	44	allow	allow	VERB
fueconorg-5485	94	45	for	for	ADP
fueconorg-5485	94	46	structural	structural	ADJ
fueconorg-5485	94	47	breaks	break	NOUN
fueconorg-5485	94	48	.	.	PUNCT
fueconorg-5485	95	1	their	their	PRON
fueconorg-5485	95	2	results	result	NOUN
fueconorg-5485	95	3	reveal	reveal	VERB
fueconorg-5485	95	4	the	the	DET
fueconorg-5485	95	5	existence	existence	NOUN
fueconorg-5485	95	6	of	of	ADP
fueconorg-5485	95	7	a	a	DET
fueconorg-5485	95	8	long	long	ADV
fueconorg-5485	95	9	-	-	PUNCT
fueconorg-5485	95	10	run	run	NOUN
fueconorg-5485	95	11	relationship	relationship	NOUN
fueconorg-5485	95	12	between	between	ADP
fueconorg-5485	95	13	foreign	foreign	ADJ
fueconorg-5485	95	14	exchange	exchange	NOUN
fueconorg-5485	95	15	reserves	reserve	NOUN
fueconorg-5485	95	16	and	and	CCONJ
fueconorg-5485	95	17	exchange	exchange	NOUN
fueconorg-5485	95	18	rates	rate	NOUN
fueconorg-5485	95	19	and	and	CCONJ
fueconorg-5485	95	20	that	that	SCONJ
fueconorg-5485	95	21	the	the	DET
fueconorg-5485	95	22	both	both	CCONJ
fueconorg-5485	95	23	long	long	ADJ
fueconorg-5485	95	24	and	and	CCONJ
fueconorg-5485	95	25	short	short	ADJ
fueconorg-5485	95	26	-	-	PUNCT
fueconorg-5485	95	27	run	run	NOUN
fueconorg-5485	95	28	causality	causality	NOUN
fueconorg-5485	95	29	is	be	AUX
fueconorg-5485	95	30	running	run	VERB
fueconorg-5485	95	31	from	from	ADP
fueconorg-5485	95	32	foreign	foreign	ADJ
fueconorg-5485	95	33	exchange	exchange	NOUN
fueconorg-5485	95	34	reserves	reserve	NOUN
fueconorg-5485	95	35	to	to	ADP
fueconorg-5485	95	36	real	real	ADJ
fueconorg-5485	95	37	effective	effective	ADJ
fueconorg-5485	95	38	exchange	exchange	NOUN
fueconorg-5485	95	39	rate	rate	NOUN
fueconorg-5485	95	40	.	.	PUNCT
fueconorg-5485	96	1	concerning	concern	VERB
fueconorg-5485	96	2	the	the	DET
fueconorg-5485	96	3	relationship	relationship	NOUN
fueconorg-5485	96	4	between	between	ADP
fueconorg-5485	96	5	nominal	nominal	ADJ
fueconorg-5485	96	6	exchange	exchange	NOUN
fueconorg-5485	96	7	rate	rate	NOUN
fueconorg-5485	96	8	and	and	CCONJ
fueconorg-5485	96	9	foreign	foreign	ADJ
fueconorg-5485	96	10	exchange	exchange	NOUN
fueconorg-5485	96	11	reserves	reserve	NOUN
fueconorg-5485	96	12	,	,	PUNCT
fueconorg-5485	96	13	the	the	DET
fueconorg-5485	96	14	results	result	NOUN
fueconorg-5485	96	15	indicate	indicate	VERB
fueconorg-5485	96	16	that	that	SCONJ
fueconorg-5485	96	17	in	in	ADP
fueconorg-5485	96	18	the	the	DET
fueconorg-5485	96	19	long	long	ADV
fueconorg-5485	96	20	-	-	PUNCT
fueconorg-5485	96	21	run	run	VERB
fueconorg-5485	96	22	nominal	nominal	ADJ
fueconorg-5485	96	23	exchange	exchange	NOUN
fueconorg-5485	96	24	rate	rate	NOUN
fueconorg-5485	96	25	granger	granger	PROPN
fueconorg-5485	96	26	cause	cause	VERB
fueconorg-5485	96	27	foreign	foreign	ADJ
fueconorg-5485	96	28	exchange	exchange	NOUN
fueconorg-5485	96	29	reserves	reserve	NOUN
fueconorg-5485	96	30	.	.	PUNCT
fueconorg-5485	97	1	regarding	regard	VERB
fueconorg-5485	97	2	methodology	methodology	NOUN
fueconorg-5485	97	3	used	use	VERB
fueconorg-5485	97	4	in	in	ADP
fueconorg-5485	97	5	the	the	DET
fueconorg-5485	97	6	studies	study	NOUN
fueconorg-5485	97	7	related	relate	VERB
fueconorg-5485	97	8	to	to	ADP
fueconorg-5485	97	9	the	the	DET
fueconorg-5485	97	10	exchange	exchange	NOUN
fueconorg-5485	97	11	rate	rate	NOUN
fueconorg-5485	97	12	relation	relation	NOUN
fueconorg-5485	97	13	to	to	ADP
fueconorg-5485	97	14	some	some	DET
fueconorg-5485	97	15	other	other	ADJ
fueconorg-5485	97	16	variables	variable	NOUN
fueconorg-5485	97	17	,	,	PUNCT
fueconorg-5485	97	18	few	few	ADJ
fueconorg-5485	97	19	studies	study	NOUN
fueconorg-5485	97	20	took	take	VERB
fueconorg-5485	97	21	into	into	ADP
fueconorg-5485	97	22	account	account	NOUN
fueconorg-5485	97	23	possible	possible	ADJ
fueconorg-5485	97	24	structural	structural	ADJ
fueconorg-5485	97	25	break	break	NOUN
fueconorg-5485	97	26	during	during	ADP
fueconorg-5485	97	27	the	the	DET
fueconorg-5485	97	28	period	period	NOUN
fueconorg-5485	97	29	of	of	ADP
fueconorg-5485	97	30	the	the	DET
fueconorg-5485	97	31	analysis	analysis	NOUN
fueconorg-5485	97	32	(	(	PUNCT
fueconorg-5485	97	33	dropsy	dropsy	NOUN
fueconorg-5485	97	34	,	,	PUNCT
fueconorg-5485	97	35	1996	1996	NUM
fueconorg-5485	97	36	;	;	PUNCT
fueconorg-5485	98	1	baum	baum	PROPN
fueconorg-5485	98	2	et	et	PROPN
fueconorg-5485	98	3	al	al	PROPN
fueconorg-5485	98	4	.	.	PROPN
fueconorg-5485	98	5	,	,	PUNCT
fueconorg-5485	98	6	1999	1999	NUM
fueconorg-5485	98	7	;	;	PUNCT
fueconorg-5485	98	8	granger	granger	PROPN
fueconorg-5485	98	9	et	et	PROPN
fueconorg-5485	98	10	al	al	PROPN
fueconorg-5485	98	11	.	.	PROPN
fueconorg-5485	98	12	2000	2000	NUM
fueconorg-5485	98	13	;	;	PUNCT
fueconorg-5485	98	14	kočenda	kočenda	PROPN
fueconorg-5485	98	15	,	,	PUNCT
fueconorg-5485	98	16	2005	2005	NUM
fueconorg-5485	98	17	;	;	PUNCT
fueconorg-5485	98	18	akinboade	akinboade	PROPN
fueconorg-5485	98	19	&	&	CCONJ
fueconorg-5485	98	20	makina	makina	PROPN
fueconorg-5485	98	21	,	,	PUNCT
fueconorg-5485	98	22	2006	2006	NUM
fueconorg-5485	98	23	;	;	PUNCT
fueconorg-5485	98	24	rapach	rapach	PROPN
fueconorg-5485	98	25	&	&	CCONJ
fueconorg-5485	98	26	strauss	strauss	PROPN
fueconorg-5485	98	27	,	,	PUNCT
fueconorg-5485	98	28	2008	2008	NUM
fueconorg-5485	98	29	;	;	PUNCT
fueconorg-5485	98	30	byrne	byrne	PROPN
fueconorg-5485	98	31	&	&	CCONJ
fueconorg-5485	98	32	nagayasu	nagayasu	PROPN
fueconorg-5485	98	33	,	,	PUNCT
fueconorg-5485	98	34	2010	2010	NUM
fueconorg-5485	98	35	;	;	PUNCT
fueconorg-5485	98	36	chowdhury	chowdhury	PROPN
fueconorg-5485	98	37	,	,	PUNCT
fueconorg-5485	98	38	2012	2012	NUM
fueconorg-5485	98	39	;	;	PUNCT
fueconorg-5485	98	40	you	you	PRON
fueconorg-5485	98	41	&	&	CCONJ
fueconorg-5485	98	42	sarantis	sarantis	PROPN
fueconorg-5485	98	43	,	,	PUNCT
fueconorg-5485	98	44	2012	2012	NUM
fueconorg-5485	98	45	;	;	PUNCT
fueconorg-5485	98	46	mensi	mensi	PROPN
fueconorg-5485	98	47	et	et	PROPN
fueconorg-5485	98	48	al	al	PROPN
fueconorg-5485	98	49	.	.	PROPN
fueconorg-5485	98	50	,	,	PUNCT
fueconorg-5485	98	51	2015	2015	NUM
fueconorg-5485	98	52	;	;	PUNCT
fueconorg-5485	98	53	ahmad	ahmad	PROPN
fueconorg-5485	98	54	&	&	CCONJ
fueconorg-5485	98	55	aworinde	aworinde	NOUN
fueconorg-5485	98	56	,	,	PUNCT
fueconorg-5485	98	57	2016	2016	NUM
fueconorg-5485	98	58	;	;	PUNCT
fueconorg-5485	98	59	ojede	ojede	PROPN
fueconorg-5485	98	60	&	&	CCONJ
fueconorg-5485	98	61	lam	lam	PROPN
fueconorg-5485	98	62	,	,	PUNCT
fueconorg-5485	98	63	2017	2017	NUM
fueconorg-5485	98	64	;	;	PUNCT
fueconorg-5485	98	65	salisu	salisu	PROPN
fueconorg-5485	98	66	et	et	PROPN
fueconorg-5485	98	67	al	al	PROPN
fueconorg-5485	98	68	.	.	PROPN
fueconorg-5485	98	69	,	,	PUNCT
fueconorg-5485	98	70	2019	2019	NUM
fueconorg-5485	98	71	)	)	PUNCT
fueconorg-5485	98	72	.	.	PUNCT
fueconorg-5485	99	1	failure	failure	NOUN
fueconorg-5485	99	2	to	to	PART
fueconorg-5485	99	3	consider	consider	VERB
fueconorg-5485	99	4	a	a	DET
fueconorg-5485	99	5	possible	possible	ADJ
fueconorg-5485	99	6	structural	structural	ADJ
fueconorg-5485	99	7	break	break	NOUN
fueconorg-5485	99	8	can	can	AUX
fueconorg-5485	99	9	lead	lead	VERB
fueconorg-5485	99	10	to	to	ADP
fueconorg-5485	99	11	inadequate	inadequate	ADJ
fueconorg-5485	99	12	conclusions	conclusion	NOUN
fueconorg-5485	99	13	and	and	CCONJ
fueconorg-5485	99	14	,	,	PUNCT
fueconorg-5485	99	15	consequently	consequently	ADV
fueconorg-5485	99	16	,	,	PUNCT
fueconorg-5485	99	17	to	to	ADP
fueconorg-5485	99	18	the	the	DET
fueconorg-5485	99	19	wrong	wrong	ADJ
fueconorg-5485	99	20	recommendations	recommendation	NOUN
fueconorg-5485	99	21	.	.	PUNCT
fueconorg-5485	100	1	therefore	therefore	ADV
fueconorg-5485	100	2	,	,	PUNCT
fueconorg-5485	100	3	in	in	ADP
fueconorg-5485	100	4	this	this	DET
fueconorg-5485	100	5	paper	paper	NOUN
fueconorg-5485	100	6	the	the	DET
fueconorg-5485	100	7	tests	test	NOUN
fueconorg-5485	100	8	that	that	PRON
fueconorg-5485	100	9	take	take	VERB
fueconorg-5485	100	10	into	into	ADP
fueconorg-5485	100	11	account	account	NOUN
fueconorg-5485	100	12	possible	possible	ADJ
fueconorg-5485	100	13	structural	structural	ADJ
fueconorg-5485	100	14	break	break	NOUN
fueconorg-5485	100	15	will	will	AUX
fueconorg-5485	100	16	be	be	AUX
fueconorg-5485	100	17	applied	apply	VERB
fueconorg-5485	100	18	to	to	PART
fueconorg-5485	100	19	assess	assess	VERB
fueconorg-5485	100	20	interdependence	interdependence	NOUN
fueconorg-5485	100	21	between	between	ADP
fueconorg-5485	100	22	foreign	foreign	ADJ
fueconorg-5485	100	23	exchange	exchange	NOUN
fueconorg-5485	100	24	reserves	reserve	NOUN
fueconorg-5485	100	25	and	and	CCONJ
fueconorg-5485	100	26	exchange	exchange	NOUN
fueconorg-5485	100	27	rate	rate	NOUN
fueconorg-5485	100	28	.	.	PUNCT
fueconorg-5485	101	1	we	we	PRON
fueconorg-5485	101	2	expect	expect	VERB
fueconorg-5485	101	3	that	that	SCONJ
fueconorg-5485	101	4	the	the	DET
fueconorg-5485	101	5	results	result	NOUN
fueconorg-5485	101	6	will	will	AUX
fueconorg-5485	101	7	indicate	indicate	VERB
fueconorg-5485	101	8	that	that	SCONJ
fueconorg-5485	101	9	there	there	PRON
fueconorg-5485	101	10	is	be	VERB
fueconorg-5485	101	11	causality	causality	NOUN
fueconorg-5485	101	12	between	between	ADP
fueconorg-5485	101	13	the	the	DET
fueconorg-5485	101	14	analysed	analyse	VERB
fueconorg-5485	101	15	variables	variable	NOUN
fueconorg-5485	101	16	,	,	PUNCT
fueconorg-5485	101	17	directed	direct	VERB
fueconorg-5485	101	18	from	from	ADP
fueconorg-5485	101	19	the	the	DET
fueconorg-5485	101	20	foreign	foreign	ADJ
fueconorg-5485	101	21	exchange	exchange	NOUN
fueconorg-5485	101	22	reserves	reserve	NOUN
fueconorg-5485	101	23	towards	towards	ADP
fueconorg-5485	101	24	the	the	DET
fueconorg-5485	101	25	exchange	exchange	NOUN
fueconorg-5485	101	26	rate	rate	NOUN
fueconorg-5485	101	27	.	.	PUNCT
fueconorg-5485	102	1	for	for	ADP
fueconorg-5485	102	2	that	that	DET
fueconorg-5485	102	3	purpose	purpose	NOUN
fueconorg-5485	102	4	,	,	PUNCT
fueconorg-5485	102	5	the	the	DET
fueconorg-5485	102	6	following	follow	VERB
fueconorg-5485	102	7	hypotheses	hypothesis	NOUN
fueconorg-5485	102	8	were	be	AUX
fueconorg-5485	102	9	developed	develop	VERB
fueconorg-5485	102	10	:	:	PUNCT
fueconorg-5485	102	11	h1	h1	NOUN
fueconorg-5485	102	12	:	:	PUNCT
fueconorg-5485	102	13	there	there	PRON
fueconorg-5485	102	14	is	be	VERB
fueconorg-5485	102	15	no	no	DET
fueconorg-5485	102	16	long	long	ADV
fueconorg-5485	102	17	-	-	PUNCT
fueconorg-5485	102	18	run	run	NOUN
fueconorg-5485	102	19	relationship	relationship	NOUN
fueconorg-5485	102	20	between	between	ADP
fueconorg-5485	102	21	the	the	DET
fueconorg-5485	102	22	real	real	ADJ
fueconorg-5485	102	23	exchange	exchange	NOUN
fueconorg-5485	102	24	rate	rate	NOUN
fueconorg-5485	102	25	and	and	CCONJ
fueconorg-5485	102	26	foreign	foreign	ADJ
fueconorg-5485	102	27	exchange	exchange	NOUN
fueconorg-5485	102	28	reserves	reserve	NOUN
fueconorg-5485	102	29	;	;	PUNCT
fueconorg-5485	102	30	h2	h2	NOUN
fueconorg-5485	102	31	:	:	PUNCT
fueconorg-5485	102	32	there	there	PRON
fueconorg-5485	102	33	is	be	VERB
fueconorg-5485	102	34	no	no	DET
fueconorg-5485	102	35	long	long	ADV
fueconorg-5485	102	36	-	-	PUNCT
fueconorg-5485	102	37	run	run	NOUN
fueconorg-5485	102	38	relationship	relationship	NOUN
fueconorg-5485	102	39	between	between	ADP
fueconorg-5485	102	40	the	the	DET
fueconorg-5485	102	41	nominal	nominal	ADJ
fueconorg-5485	102	42	exchange	exchange	NOUN
fueconorg-5485	102	43	rate	rate	NOUN
fueconorg-5485	102	44	and	and	CCONJ
fueconorg-5485	102	45	foreign	foreign	ADJ
fueconorg-5485	102	46	exchange	exchange	NOUN
fueconorg-5485	102	47	reserves	reserve	NOUN
fueconorg-5485	102	48	;	;	PUNCT
fueconorg-5485	102	49	h3	h3	NOUN
fueconorg-5485	102	50	:	:	PUNCT
fueconorg-5485	102	51	there	there	PRON
fueconorg-5485	102	52	is	be	VERB
fueconorg-5485	102	53	no	no	DET
fueconorg-5485	102	54	short	short	ADJ
fueconorg-5485	102	55	-	-	PUNCT
fueconorg-5485	102	56	run	run	NOUN
fueconorg-5485	102	57	relationship	relationship	NOUN
fueconorg-5485	102	58	between	between	ADP
fueconorg-5485	102	59	the	the	DET
fueconorg-5485	102	60	real	real	ADJ
fueconorg-5485	102	61	exchange	exchange	NOUN
fueconorg-5485	102	62	rate	rate	NOUN
fueconorg-5485	102	63	and	and	CCONJ
fueconorg-5485	102	64	foreign	foreign	ADJ
fueconorg-5485	102	65	exchange	exchange	NOUN
fueconorg-5485	102	66	reserves	reserve	NOUN
fueconorg-5485	102	67	;	;	PUNCT
fueconorg-5485	102	68	h4	h4	NOUN
fueconorg-5485	102	69	:	:	PUNCT
fueconorg-5485	102	70	there	there	PRON
fueconorg-5485	102	71	is	be	VERB
fueconorg-5485	102	72	no	no	DET
fueconorg-5485	102	73	short	short	ADJ
fueconorg-5485	102	74	-	-	PUNCT
fueconorg-5485	102	75	run	run	NOUN
fueconorg-5485	102	76	relationship	relationship	NOUN
fueconorg-5485	102	77	between	between	ADP
fueconorg-5485	102	78	the	the	DET
fueconorg-5485	102	79	nominal	nominal	ADJ
fueconorg-5485	102	80	exchange	exchange	NOUN
fueconorg-5485	102	81	rate	rate	NOUN
fueconorg-5485	102	82	and	and	CCONJ
fueconorg-5485	102	83	foreign	foreign	ADJ
fueconorg-5485	102	84	exchange	exchange	NOUN
fueconorg-5485	102	85	reserves	reserve	NOUN
fueconorg-5485	102	86	.	.	PUNCT
fueconorg-5485	103	1	causality	causality	NOUN
fueconorg-5485	103	2	between	between	ADP
fueconorg-5485	103	3	exchange	exchange	NOUN
fueconorg-5485	103	4	rates	rate	NOUN
fueconorg-5485	103	5	and	and	CCONJ
fueconorg-5485	103	6	foreign	foreign	ADJ
fueconorg-5485	103	7	exchange	exchange	NOUN
fueconorg-5485	103	8	reserves	reserve	NOUN
fueconorg-5485	103	9	:	:	PUNCT
fueconorg-5485	103	10	serbian	serbian	ADJ
fueconorg-5485	103	11	case	case	NOUN
fueconorg-5485	103	12	449	449	NUM
fueconorg-5485	103	13	3	3	NUM
fueconorg-5485	103	14	.	.	PUNCT
fueconorg-5485	103	15	methodology	methodology	NOUN
fueconorg-5485	103	16	in	in	ADP
fueconorg-5485	103	17	order	order	NOUN
fueconorg-5485	103	18	to	to	PART
fueconorg-5485	103	19	examine	examine	VERB
fueconorg-5485	103	20	the	the	DET
fueconorg-5485	103	21	existence	existence	NOUN
fueconorg-5485	103	22	and	and	CCONJ
fueconorg-5485	103	23	nature	nature	NOUN
fueconorg-5485	103	24	of	of	ADP
fueconorg-5485	103	25	the	the	DET
fueconorg-5485	103	26	relationship	relationship	NOUN
fueconorg-5485	103	27	between	between	ADP
fueconorg-5485	103	28	the	the	DET
fueconorg-5485	103	29	exchange	exchange	NOUN
fueconorg-5485	103	30	rate	rate	NOUN
fueconorg-5485	103	31	and	and	CCONJ
fueconorg-5485	103	32	the	the	DET
fueconorg-5485	103	33	foreign	foreign	ADJ
fueconorg-5485	103	34	exchange	exchange	NOUN
fueconorg-5485	103	35	reserves	reserve	NOUN
fueconorg-5485	103	36	,	,	PUNCT
fueconorg-5485	103	37	a	a	DET
fueconorg-5485	103	38	three	three	NUM
fueconorg-5485	103	39	-	-	PUNCT
fueconorg-5485	103	40	step	step	NOUN
fueconorg-5485	103	41	methodology	methodology	NOUN
fueconorg-5485	103	42	proposed	propose	VERB
fueconorg-5485	103	43	by	by	ADP
fueconorg-5485	103	44	kasman	kasman	NOUN
fueconorg-5485	103	45	and	and	CCONJ
fueconorg-5485	103	46	ayhan	ayhan	PROPN
fueconorg-5485	103	47	(	(	PUNCT
fueconorg-5485	103	48	2008	2008	NUM
fueconorg-5485	103	49	)	)	PUNCT
fueconorg-5485	103	50	will	will	AUX
fueconorg-5485	103	51	be	be	AUX
fueconorg-5485	103	52	applied	apply	VERB
fueconorg-5485	103	53	.	.	PUNCT
fueconorg-5485	104	1	in	in	ADP
fueconorg-5485	104	2	the	the	DET
fueconorg-5485	104	3	first	first	ADJ
fueconorg-5485	104	4	step	step	NOUN
fueconorg-5485	104	5	,	,	PUNCT
fueconorg-5485	104	6	using	use	VERB
fueconorg-5485	104	7	the	the	DET
fueconorg-5485	104	8	zivot	zivot	PROPN
fueconorg-5485	104	9	-	-	PUNCT
fueconorg-5485	104	10	andrews	andrews	PROPN
fueconorg-5485	104	11	unit	unit	NOUN
fueconorg-5485	104	12	root	root	PROPN
fueconorg-5485	104	13	test	test	NOUN
fueconorg-5485	104	14	the	the	DET
fueconorg-5485	104	15	level	level	NOUN
fueconorg-5485	104	16	of	of	ADP
fueconorg-5485	104	17	integration	integration	NOUN
fueconorg-5485	104	18	of	of	ADP
fueconorg-5485	104	19	time	time	NOUN
fueconorg-5485	104	20	series	series	NOUN
fueconorg-5485	104	21	in	in	ADP
fueconorg-5485	104	22	situations	situation	NOUN
fueconorg-5485	104	23	where	where	SCONJ
fueconorg-5485	104	24	there	there	PRON
fueconorg-5485	104	25	is	be	VERB
fueconorg-5485	104	26	an	an	DET
fueconorg-5485	104	27	indefinite	indefinite	ADJ
fueconorg-5485	104	28	structural	structural	ADJ
fueconorg-5485	104	29	breakdown	breakdown	NOUN
fueconorg-5485	104	30	will	will	AUX
fueconorg-5485	104	31	be	be	AUX
fueconorg-5485	104	32	examined	examine	VERB
fueconorg-5485	104	33	.	.	PUNCT
fueconorg-5485	105	1	the	the	DET
fueconorg-5485	105	2	second	second	ADJ
fueconorg-5485	105	3	step	step	NOUN
fueconorg-5485	105	4	of	of	ADP
fueconorg-5485	105	5	the	the	DET
fueconorg-5485	105	6	analysis	analysis	NOUN
fueconorg-5485	105	7	is	be	AUX
fueconorg-5485	105	8	dedicated	dedicate	VERB
fueconorg-5485	105	9	to	to	ADP
fueconorg-5485	105	10	examining	examine	VERB
fueconorg-5485	105	11	the	the	DET
fueconorg-5485	105	12	existence	existence	NOUN
fueconorg-5485	105	13	of	of	ADP
fueconorg-5485	105	14	cointegration	cointegration	NOUN
fueconorg-5485	105	15	in	in	ADP
fueconorg-5485	105	16	a	a	DET
fueconorg-5485	105	17	situation	situation	NOUN
fueconorg-5485	105	18	where	where	SCONJ
fueconorg-5485	105	19	there	there	PRON
fueconorg-5485	105	20	is	be	VERB
fueconorg-5485	105	21	an	an	DET
fueconorg-5485	105	22	unsteadiness	unsteadiness	NOUN
fueconorg-5485	105	23	in	in	ADP
fueconorg-5485	105	24	long	long	ADJ
fueconorg-5485	105	25	-	-	PUNCT
fueconorg-5485	105	26	term	term	NOUN
fueconorg-5485	105	27	relations	relation	NOUN
fueconorg-5485	105	28	using	use	VERB
fueconorg-5485	105	29	gregory	gregory	PROPN
fueconorg-5485	105	30	and	and	CCONJ
fueconorg-5485	105	31	hansen	hansen	PROPN
fueconorg-5485	105	32	cointegration	cointegration	PROPN
fueconorg-5485	105	33	test	test	NOUN
fueconorg-5485	105	34	.	.	PUNCT
fueconorg-5485	106	1	in	in	ADP
fueconorg-5485	106	2	the	the	DET
fueconorg-5485	106	3	final	final	ADJ
fueconorg-5485	106	4	step	step	NOUN
fueconorg-5485	106	5	,	,	PUNCT
fueconorg-5485	106	6	causality	causality	NOUN
fueconorg-5485	106	7	is	be	AUX
fueconorg-5485	106	8	tested	test	VERB
fueconorg-5485	106	9	using	use	VERB
fueconorg-5485	106	10	a	a	DET
fueconorg-5485	106	11	granger	granger	PROPN
fueconorg-5485	106	12	causality	causality	NOUN
fueconorg-5485	106	13	test	test	NOUN
fueconorg-5485	106	14	.	.	PUNCT
fueconorg-5485	107	1	3.1	3.1	NUM
fueconorg-5485	107	2	.	.	PUNCT
fueconorg-5485	107	3	unit	unit	NOUN
fueconorg-5485	107	4	root	root	PROPN
fueconorg-5485	107	5	test	test	NOUN
fueconorg-5485	107	6	the	the	DET
fueconorg-5485	107	7	traditional	traditional	ADJ
fueconorg-5485	107	8	unit	unit	NOUN
fueconorg-5485	107	9	root	root	NOUN
fueconorg-5485	107	10	tests	test	NOUN
fueconorg-5485	107	11	,	,	PUNCT
fueconorg-5485	107	12	such	such	ADJ
fueconorg-5485	107	13	as	as	ADP
fueconorg-5485	107	14	adf	adf	PROPN
fueconorg-5485	107	15	unit	unit	NOUN
fueconorg-5485	107	16	root	root	PROPN
fueconorg-5485	107	17	test	test	NOUN
fueconorg-5485	107	18	,	,	PUNCT
fueconorg-5485	107	19	may	may	AUX
fueconorg-5485	107	20	lead	lead	VERB
fueconorg-5485	107	21	to	to	ADP
fueconorg-5485	107	22	invalid	invalid	ADJ
fueconorg-5485	107	23	conclusions	conclusion	NOUN
fueconorg-5485	107	24	in	in	ADP
fueconorg-5485	107	25	situations	situation	NOUN
fueconorg-5485	107	26	where	where	SCONJ
fueconorg-5485	107	27	there	there	PRON
fueconorg-5485	107	28	is	be	VERB
fueconorg-5485	107	29	a	a	DET
fueconorg-5485	107	30	structural	structural	ADJ
fueconorg-5485	107	31	break	break	NOUN
fueconorg-5485	107	32	.	.	PUNCT
fueconorg-5485	108	1	such	such	ADJ
fueconorg-5485	108	2	assumptions	assumption	NOUN
fueconorg-5485	108	3	are	be	AUX
fueconorg-5485	108	4	firstly	firstly	ADV
fueconorg-5485	108	5	stated	state	VERB
fueconorg-5485	108	6	by	by	ADP
fueconorg-5485	108	7	perron	perron	PROPN
fueconorg-5485	108	8	(	(	PUNCT
fueconorg-5485	108	9	1989	1989	NUM
fueconorg-5485	108	10	)	)	PUNCT
fueconorg-5485	108	11	.	.	PUNCT
fueconorg-5485	109	1	he	he	PRON
fueconorg-5485	109	2	has	have	AUX
fueconorg-5485	109	3	created	create	VERB
fueconorg-5485	109	4	a	a	DET
fueconorg-5485	109	5	unit	unit	NOUN
fueconorg-5485	109	6	root	root	NOUN
fueconorg-5485	109	7	test	test	NOUN
fueconorg-5485	109	8	which	which	PRON
fueconorg-5485	109	9	takes	take	VERB
fueconorg-5485	109	10	into	into	ADP
fueconorg-5485	109	11	the	the	DET
fueconorg-5485	109	12	consideration	consideration	NOUN
fueconorg-5485	109	13	possibility	possibility	NOUN
fueconorg-5485	109	14	of	of	ADP
fueconorg-5485	109	15	a	a	DET
fueconorg-5485	109	16	single	single	ADJ
fueconorg-5485	109	17	external	external	ADJ
fueconorg-5485	109	18	structural	structural	ADJ
fueconorg-5485	109	19	break	break	NOUN
fueconorg-5485	109	20	(	(	PUNCT
fueconorg-5485	109	21	umit	umit	NOUN
fueconorg-5485	109	22	,	,	PUNCT
fueconorg-5485	109	23	2016	2016	NUM
fueconorg-5485	109	24	)	)	PUNCT
fueconorg-5485	109	25	.	.	PUNCT
fueconorg-5485	110	1	yet	yet	ADV
fueconorg-5485	110	2	,	,	PUNCT
fueconorg-5485	110	3	the	the	DET
fueconorg-5485	110	4	flaw	flaw	NOUN
fueconorg-5485	110	5	of	of	ADP
fueconorg-5485	110	6	the	the	DET
fueconorg-5485	110	7	proposed	propose	VERB
fueconorg-5485	110	8	test	test	NOUN
fueconorg-5485	110	9	is	be	AUX
fueconorg-5485	110	10	that	that	SCONJ
fueconorg-5485	110	11	it	it	PRON
fueconorg-5485	110	12	requires	require	VERB
fueconorg-5485	110	13	the	the	DET
fueconorg-5485	110	14	moment	moment	NOUN
fueconorg-5485	110	15	of	of	ADP
fueconorg-5485	110	16	structural	structural	ADJ
fueconorg-5485	110	17	break	break	NOUN
fueconorg-5485	110	18	to	to	PART
fueconorg-5485	110	19	be	be	AUX
fueconorg-5485	110	20	predefined	predefine	VERB
fueconorg-5485	110	21	and	and	CCONJ
fueconorg-5485	110	22	in	in	ADP
fueconorg-5485	110	23	situations	situation	NOUN
fueconorg-5485	110	24	where	where	SCONJ
fueconorg-5485	110	25	that	that	DET
fueconorg-5485	110	26	moment	moment	NOUN
fueconorg-5485	110	27	is	be	AUX
fueconorg-5485	110	28	not	not	PART
fueconorg-5485	110	29	accurately	accurately	ADV
fueconorg-5485	110	30	determined	determine	VERB
fueconorg-5485	110	31	,	,	PUNCT
fueconorg-5485	110	32	the	the	DET
fueconorg-5485	110	33	wrong	wrong	ADJ
fueconorg-5485	110	34	results	result	NOUN
fueconorg-5485	110	35	may	may	AUX
fueconorg-5485	110	36	occur	occur	VERB
fueconorg-5485	110	37	.	.	PUNCT
fueconorg-5485	111	1	bearing	bear	VERB
fueconorg-5485	111	2	in	in	ADP
fueconorg-5485	111	3	mind	mind	NOUN
fueconorg-5485	111	4	the	the	DET
fueconorg-5485	111	5	shortcomings	shortcoming	NOUN
fueconorg-5485	111	6	of	of	ADP
fueconorg-5485	111	7	the	the	DET
fueconorg-5485	111	8	perron	perron	PROPN
fueconorg-5485	111	9	’s	’s	PART
fueconorg-5485	111	10	test	test	NOUN
fueconorg-5485	111	11	,	,	PUNCT
fueconorg-5485	111	12	zivot	zivot	PROPN
fueconorg-5485	111	13	and	and	CCONJ
fueconorg-5485	111	14	andrews	andrews	PROPN
fueconorg-5485	111	15	(	(	PUNCT
fueconorg-5485	111	16	1992	1992	NUM
fueconorg-5485	111	17	)	)	PUNCT
fueconorg-5485	111	18	have	have	AUX
fueconorg-5485	111	19	developed	develop	VERB
fueconorg-5485	111	20	a	a	DET
fueconorg-5485	111	21	test	test	NOUN
fueconorg-5485	111	22	that	that	PRON
fueconorg-5485	111	23	takes	take	VERB
fueconorg-5485	111	24	into	into	ADP
fueconorg-5485	111	25	account	account	NOUN
fueconorg-5485	111	26	the	the	DET
fueconorg-5485	111	27	existence	existence	NOUN
fueconorg-5485	111	28	of	of	ADP
fueconorg-5485	111	29	a	a	DET
fueconorg-5485	111	30	single	single	ADJ
fueconorg-5485	111	31	structural	structural	ADJ
fueconorg-5485	111	32	break	break	NOUN
fueconorg-5485	111	33	which	which	PRON
fueconorg-5485	111	34	can	can	AUX
fueconorg-5485	111	35	be	be	AUX
fueconorg-5485	111	36	designated	designate	VERB
fueconorg-5485	111	37	internally	internally	ADV
fueconorg-5485	111	38	.	.	PUNCT
fueconorg-5485	112	1	the	the	DET
fueconorg-5485	112	2	zivot	zivot	PROPN
fueconorg-5485	112	3	and	and	CCONJ
fueconorg-5485	112	4	andrews	andrews	PROPN
fueconorg-5485	112	5	test	test	NOUN
fueconorg-5485	112	6	detects	detect	NOUN
fueconorg-5485	112	7	endogenously	endogenously	ADV
fueconorg-5485	112	8	the	the	DET
fueconorg-5485	112	9	moment	moment	NOUN
fueconorg-5485	112	10	of	of	ADP
fueconorg-5485	112	11	the	the	DET
fueconorg-5485	112	12	particular	particular	ADJ
fueconorg-5485	112	13	most	most	ADV
fueconorg-5485	112	14	important	important	ADJ
fueconorg-5485	112	15	structural	structural	ADJ
fueconorg-5485	112	16	break	break	NOUN
fueconorg-5485	112	17	in	in	ADP
fueconorg-5485	112	18	each	each	DET
fueconorg-5485	112	19	time	time	NOUN
fueconorg-5485	112	20	series	series	PROPN
fueconorg-5485	112	21	tested	test	VERB
fueconorg-5485	112	22	(	(	PUNCT
fueconorg-5485	112	23	waheed	waheed	PROPN
fueconorg-5485	112	24	et	et	PROPN
fueconorg-5485	112	25	al	al	PROPN
fueconorg-5485	112	26	.	.	PROPN
fueconorg-5485	112	27	2006	2006	NUM
fueconorg-5485	112	28	)	)	PUNCT
fueconorg-5485	112	29	.	.	PUNCT
fueconorg-5485	113	1	the	the	DET
fueconorg-5485	113	2	critical	critical	ADJ
fueconorg-5485	113	3	values	value	NOUN
fueconorg-5485	113	4	in	in	ADP
fueconorg-5485	113	5	zivot	zivot	PROPN
fueconorg-5485	113	6	and	and	CCONJ
fueconorg-5485	113	7	andrews	andrews	PROPN
fueconorg-5485	113	8	test	test	NOUN
fueconorg-5485	113	9	diverge	diverge	NOUN
fueconorg-5485	113	10	from	from	ADP
fueconorg-5485	113	11	the	the	DET
fueconorg-5485	113	12	ones	one	NOUN
fueconorg-5485	113	13	provided	provide	VERB
fueconorg-5485	113	14	by	by	ADP
fueconorg-5485	113	15	perron	perron	PROPN
fueconorg-5485	113	16	(	(	PUNCT
fueconorg-5485	113	17	glynn	glynn	PROPN
fueconorg-5485	113	18	et	et	PROPN
fueconorg-5485	113	19	al	al	PROPN
fueconorg-5485	113	20	.	.	PROPN
fueconorg-5485	113	21	2007	2007	NUM
fueconorg-5485	113	22	)	)	PUNCT
fueconorg-5485	113	23	.	.	PUNCT
fueconorg-5485	114	1	the	the	DET
fueconorg-5485	114	2	null	null	ADJ
fueconorg-5485	114	3	hypothesis	hypothesis	NOUN
fueconorg-5485	114	4	of	of	ADP
fueconorg-5485	114	5	a	a	DET
fueconorg-5485	114	6	unit	unit	NOUN
fueconorg-5485	114	7	root	root	NOUN
fueconorg-5485	114	8	with	with	ADP
fueconorg-5485	114	9	a	a	DET
fueconorg-5485	114	10	break	break	NOUN
fueconorg-5485	114	11	is	be	AUX
fueconorg-5485	114	12	rejected	reject	VERB
fueconorg-5485	114	13	if	if	SCONJ
fueconorg-5485	114	14	the	the	DET
fueconorg-5485	114	15	computed	compute	VERB
fueconorg-5485	114	16	t	t	PROPN
fueconorg-5485	114	17	statistics	statistic	NOUN
fueconorg-5485	114	18	exceed	exceed	VERB
fueconorg-5485	114	19	the	the	DET
fueconorg-5485	114	20	critical	critical	ADJ
fueconorg-5485	114	21	values	value	NOUN
fueconorg-5485	114	22	of	of	ADP
fueconorg-5485	114	23	zivot	zivot	PROPN
fueconorg-5485	114	24	and	and	CCONJ
fueconorg-5485	114	25	andrews	andrews	PROPN
fueconorg-5485	114	26	test	test	NOUN
fueconorg-5485	114	27	in	in	ADP
fueconorg-5485	114	28	absolute	absolute	ADJ
fueconorg-5485	114	29	terms	term	NOUN
fueconorg-5485	114	30	.	.	PUNCT
fueconorg-5485	115	1	there	there	PRON
fueconorg-5485	115	2	are	be	VERB
fueconorg-5485	115	3	three	three	NUM
fueconorg-5485	115	4	models	model	NOUN
fueconorg-5485	115	5	of	of	ADP
fueconorg-5485	115	6	zivot	zivot	PROPN
fueconorg-5485	115	7	and	and	CCONJ
fueconorg-5485	115	8	andrews	andrews	PROPN
fueconorg-5485	115	9	test	test	PROPN
fueconorg-5485	115	10	(	(	PUNCT
fueconorg-5485	115	11	waheed	waheed	PROPN
fueconorg-5485	115	12	et	et	PROPN
fueconorg-5485	115	13	al	al	PROPN
fueconorg-5485	115	14	.	.	PROPN
fueconorg-5485	115	15	2006	2006	NUM
fueconorg-5485	115	16	):	):	PUNCT
fueconorg-5485	115	17			X
fueconorg-5485	115	18	model	model	NOUN
fueconorg-5485	115	19	a	a	X
fueconorg-5485	115	20	:	:	PUNCT
fueconorg-5485	115	21	allows	allow	VERB
fueconorg-5485	115	22	a	a	DET
fueconorg-5485	115	23	one	one	NUM
fueconorg-5485	115	24	-	-	PUNCT
fueconorg-5485	115	25	time	time	NOUN
fueconorg-5485	115	26	shift	shift	NOUN
fueconorg-5485	115	27	in	in	ADP
fueconorg-5485	115	28	the	the	DET
fueconorg-5485	115	29	series	series	NOUN
fueconorg-5485	115	30	level	level	NOUN
fueconorg-5485	115	31	;	;	PUNCT
fueconorg-5485	115	32			X
fueconorg-5485	115	33	model	model	PROPN
fueconorg-5485	115	34	b	b	NOUN
fueconorg-5485	115	35	:	:	PUNCT
fueconorg-5485	115	36	allows	allow	VERB
fueconorg-5485	115	37	for	for	ADP
fueconorg-5485	115	38	a	a	DET
fueconorg-5485	115	39	one	one	NUM
fueconorg-5485	115	40	-	-	PUNCT
fueconorg-5485	115	41	time	time	NOUN
fueconorg-5485	115	42	shift	shift	NOUN
fueconorg-5485	115	43	in	in	ADP
fueconorg-5485	115	44	the	the	DET
fueconorg-5485	115	45	slope	slope	NOUN
fueconorg-5485	115	46	of	of	ADP
fueconorg-5485	115	47	the	the	DET
fueconorg-5485	115	48	trend	trend	NOUN
fueconorg-5485	115	49	function	function	NOUN
fueconorg-5485	115	50	;	;	PUNCT
fueconorg-5485	115	51			X
fueconorg-5485	115	52	model	model	NOUN
fueconorg-5485	115	53	c	c	NOUN
fueconorg-5485	115	54	:	:	PUNCT
fueconorg-5485	115	55	represents	represent	VERB
fueconorg-5485	115	56	a	a	DET
fueconorg-5485	115	57	combination	combination	NOUN
fueconorg-5485	115	58	of	of	ADP
fueconorg-5485	115	59	previous	previous	ADJ
fueconorg-5485	115	60	models	model	NOUN
fueconorg-5485	115	61	.	.	PUNCT
fueconorg-5485	116	1	3.2	3.2	NUM
fueconorg-5485	116	2	.	.	PUNCT
fueconorg-5485	117	1	cointegration	cointegration	NOUN
fueconorg-5485	117	2	tests	test	VERB
fueconorg-5485	117	3	economic	economic	ADJ
fueconorg-5485	117	4	time	time	NOUN
fueconorg-5485	117	5	series	series	PROPN
fueconorg-5485	117	6	most	most	ADV
fueconorg-5485	117	7	often	often	ADV
fueconorg-5485	117	8	has	have	VERB
fueconorg-5485	117	9	a	a	DET
fueconorg-5485	117	10	stochastic	stochastic	ADJ
fueconorg-5485	117	11	trend	trend	NOUN
fueconorg-5485	117	12	,	,	PUNCT
fueconorg-5485	117	13	that	that	ADV
fueconorg-5485	117	14	is	is	ADV
fueconorg-5485	117	15	,	,	PUNCT
fueconorg-5485	117	16	it	it	PRON
fueconorg-5485	117	17	moves	move	VERB
fueconorg-5485	117	18	unpredictably	unpredictably	ADV
fueconorg-5485	117	19	over	over	ADP
fueconorg-5485	117	20	time	time	NOUN
fueconorg-5485	117	21	.	.	PUNCT
fueconorg-5485	118	1	the	the	DET
fueconorg-5485	118	2	term	term	NOUN
fueconorg-5485	118	3	of	of	ADP
fueconorg-5485	118	4	cointegration	cointegration	NOUN
fueconorg-5485	118	5	relates	relate	VERB
fueconorg-5485	118	6	to	to	ADP
fueconorg-5485	118	7	non	non	ADJ
fueconorg-5485	118	8	-	-	ADJ
fueconorg-5485	118	9	stationary	stationary	ADJ
fueconorg-5485	118	10	time	time	NOUN
fueconorg-5485	118	11	series	series	NOUN
fueconorg-5485	118	12	,	,	PUNCT
fueconorg-5485	118	13	among	among	ADP
fueconorg-5485	118	14	which	which	PRON
fueconorg-5485	118	15	there	there	PRON
fueconorg-5485	118	16	is	be	VERB
fueconorg-5485	118	17	such	such	DET
fueconorg-5485	118	18	a	a	DET
fueconorg-5485	118	19	linear	linear	ADJ
fueconorg-5485	118	20	combination	combination	NOUN
fueconorg-5485	118	21	that	that	PRON
fueconorg-5485	118	22	is	be	AUX
fueconorg-5485	118	23	stationary	stationary	ADJ
fueconorg-5485	118	24	(	(	PUNCT
fueconorg-5485	118	25	kovačić	kovačić	NOUN
fueconorg-5485	118	26	,	,	PUNCT
fueconorg-5485	118	27	1995	1995	NUM
fueconorg-5485	118	28	)	)	PUNCT
fueconorg-5485	118	29	.	.	PUNCT
fueconorg-5485	119	1	in	in	ADP
fueconorg-5485	119	2	other	other	ADJ
fueconorg-5485	119	3	words	word	NOUN
fueconorg-5485	119	4	,	,	PUNCT
fueconorg-5485	119	5	the	the	DET
fueconorg-5485	119	6	term	term	NOUN
fueconorg-5485	119	7	cointegration	cointegration	NOUN
fueconorg-5485	119	8	indicates	indicate	VERB
fueconorg-5485	119	9	the	the	DET
fueconorg-5485	119	10	stationarity	stationarity	NOUN
fueconorg-5485	119	11	of	of	ADP
fueconorg-5485	119	12	a	a	DET
fueconorg-5485	119	13	linear	linear	ADJ
fueconorg-5485	119	14	combination	combination	NOUN
fueconorg-5485	119	15	of	of	ADP
fueconorg-5485	119	16	separately	separately	ADV
fueconorg-5485	119	17	nonstationary	nonstationary	ADJ
fueconorg-5485	119	18	time	time	NOUN
fueconorg-5485	119	19	series	series	NOUN
fueconorg-5485	119	20	.	.	PUNCT
fueconorg-5485	120	1	from	from	ADP
fueconorg-5485	120	2	an	an	DET
fueconorg-5485	120	3	economic	economic	ADJ
fueconorg-5485	120	4	point	point	NOUN
fueconorg-5485	120	5	of	of	ADP
fueconorg-5485	120	6	view	view	NOUN
fueconorg-5485	120	7	,	,	PUNCT
fueconorg-5485	120	8	two	two	NUM
fueconorg-5485	120	9	time	time	NOUN
fueconorg-5485	120	10	series	series	NOUN
fueconorg-5485	120	11	will	will	AUX
fueconorg-5485	120	12	be	be	AUX
fueconorg-5485	120	13	cointegrated	cointegrate	VERB
fueconorg-5485	120	14	if	if	SCONJ
fueconorg-5485	120	15	there	there	PRON
fueconorg-5485	120	16	is	be	VERB
fueconorg-5485	120	17	a	a	DET
fueconorg-5485	120	18	long	long	ADJ
fueconorg-5485	120	19	-	-	PUNCT
fueconorg-5485	120	20	term	term	NOUN
fueconorg-5485	120	21	equilibrium	equilibrium	NOUN
fueconorg-5485	120	22	relationship	relationship	NOUN
fueconorg-5485	120	23	between	between	ADP
fueconorg-5485	120	24	them	they	PRON
fueconorg-5485	120	25	.	.	PUNCT
fueconorg-5485	121	1	cointegration	cointegration	NOUN
fueconorg-5485	121	2	was	be	AUX
fueconorg-5485	121	3	first	first	ADV
fueconorg-5485	121	4	investigated	investigate	VERB
fueconorg-5485	121	5	in	in	ADP
fueconorg-5485	121	6	works	work	NOUN
fueconorg-5485	121	7	by	by	ADP
fueconorg-5485	121	8	granger	granger	PROPN
fueconorg-5485	121	9	(	(	PUNCT
fueconorg-5485	121	10	1983	1983	NUM
fueconorg-5485	121	11	)	)	PUNCT
fueconorg-5485	121	12	,	,	PUNCT
fueconorg-5485	121	13	granger	granger	PROPN
fueconorg-5485	121	14	and	and	CCONJ
fueconorg-5485	121	15	weiss	weiss	PROPN
fueconorg-5485	121	16	(	(	PUNCT
fueconorg-5485	121	17	1983	1983	NUM
fueconorg-5485	121	18	)	)	PUNCT
fueconorg-5485	121	19	and	and	CCONJ
fueconorg-5485	121	20	engle	engle	PROPN
fueconorg-5485	121	21	and	and	CCONJ
fueconorg-5485	121	22	granger	granger	PROPN
fueconorg-5485	121	23	(	(	PUNCT
fueconorg-5485	121	24	1987	1987	NUM
fueconorg-5485	121	25	)	)	PUNCT
fueconorg-5485	121	26	.	.	PUNCT
fueconorg-5485	122	1	these	these	DET
fueconorg-5485	122	2	works	work	NOUN
fueconorg-5485	122	3	provide	provide	VERB
fueconorg-5485	122	4	an	an	DET
fueconorg-5485	122	5	adequate	adequate	ADJ
fueconorg-5485	122	6	basis	basis	NOUN
fueconorg-5485	122	7	for	for	ADP
fueconorg-5485	122	8	analysing	analyse	VERB
fueconorg-5485	122	9	long	long	ADJ
fueconorg-5485	122	10	-	-	PUNCT
fueconorg-5485	122	11	term	term	NOUN
fueconorg-5485	122	12	and	and	CCONJ
fueconorg-5485	122	13	short	short	ADJ
fueconorg-5485	122	14	-	-	PUNCT
fueconorg-5485	122	15	term	term	NOUN
fueconorg-5485	122	16	economic	economic	ADJ
fueconorg-5485	122	17	relationships	relationship	NOUN
fueconorg-5485	122	18	.	.	PUNCT
fueconorg-5485	123	1	the	the	DET
fueconorg-5485	123	2	conventional	conventional	ADJ
fueconorg-5485	123	3	cointegration	cointegration	NOUN
fueconorg-5485	123	4	test	test	NOUN
fueconorg-5485	123	5	examines	examine	VERB
fueconorg-5485	123	6	the	the	DET
fueconorg-5485	123	7	null	null	ADJ
fueconorg-5485	123	8	hypothesis	hypothesis	NOUN
fueconorg-5485	123	9	of	of	ADP
fueconorg-5485	123	10	no	no	DET
fueconorg-5485	123	11	cointegration	cointegration	NOUN
fueconorg-5485	123	12	through	through	ADP
fueconorg-5485	123	13	examining	examine	VERB
fueconorg-5485	123	14	the	the	DET
fueconorg-5485	123	15	null	null	NOUN
fueconorg-5485	123	16	of	of	ADP
fueconorg-5485	123	17	a	a	DET
fueconorg-5485	123	18	unit	unit	NOUN
fueconorg-5485	123	19	root	root	NOUN
fueconorg-5485	123	20	in	in	ADP
fueconorg-5485	123	21	the	the	DET
fueconorg-5485	123	22	residuals	residual	NOUN
fueconorg-5485	123	23	,	,	PUNCT
fueconorg-5485	123	24	and	and	CCONJ
fueconorg-5485	123	25	if	if	SCONJ
fueconorg-5485	123	26	the	the	DET
fueconorg-5485	123	27	null	null	NOUN
fueconorg-5485	123	28	of	of	ADP
fueconorg-5485	123	29	a	a	DET
fueconorg-5485	123	30	unit	unit	NOUN
fueconorg-5485	123	31	root	root	NOUN
fueconorg-5485	123	32	is	be	AUX
fueconorg-5485	123	33	not	not	PART
fueconorg-5485	123	34	accepted	accept	VERB
fueconorg-5485	123	35	,	,	PUNCT
fueconorg-5485	123	36	the	the	DET
fueconorg-5485	123	37	null	null	NOUN
fueconorg-5485	123	38	of	of	ADP
fueconorg-5485	123	39	no	no	DET
fueconorg-5485	123	40	cointegration	cointegration	NOUN
fueconorg-5485	123	41	is	be	AUX
fueconorg-5485	123	42	also	also	ADV
fueconorg-5485	123	43	not	not	PART
fueconorg-5485	123	44	accepted	accept	VERB
fueconorg-5485	123	45	(	(	PUNCT
fueconorg-5485	123	46	phillips	phillip	NOUN
fueconorg-5485	123	47	&	&	CCONJ
fueconorg-5485	123	48	ouliaris	ouliaris	PROPN
fueconorg-5485	123	49	,	,	PUNCT
fueconorg-5485	123	50	1990	1990	NUM
fueconorg-5485	123	51	)	)	PUNCT
fueconorg-5485	123	52	.	.	PUNCT
fueconorg-5485	124	1	however	however	ADV
fueconorg-5485	124	2	,	,	PUNCT
fueconorg-5485	124	3	most	most	ADJ
fueconorg-5485	124	4	of	of	ADP
fueconorg-5485	124	5	the	the	DET
fueconorg-5485	124	6	conventional	conventional	ADJ
fueconorg-5485	124	7	cointegration	cointegration	NOUN
fueconorg-5485	124	8	tests	test	NOUN
fueconorg-5485	124	9	,	,	PUNCT
fueconorg-5485	124	10	such	such	ADJ
fueconorg-5485	124	11	as	as	ADP
fueconorg-5485	124	12	engle	engle	PROPN
fueconorg-5485	124	13	and	and	CCONJ
fueconorg-5485	124	14	granger	granger	PROPN
fueconorg-5485	124	15	test	test	PROPN
fueconorg-5485	124	16	and	and	CCONJ
fueconorg-5485	124	17	johansen	johansen	PROPN
fueconorg-5485	124	18	test	test	PROPN
fueconorg-5485	124	19	,	,	PUNCT
fueconorg-5485	124	20	do	do	AUX
fueconorg-5485	124	21	not	not	PART
fueconorg-5485	124	22	consider	consider	VERB
fueconorg-5485	124	23	the	the	DET
fueconorg-5485	124	24	possibility	possibility	NOUN
fueconorg-5485	124	25	of	of	ADP
fueconorg-5485	124	26	structural	structural	ADJ
fueconorg-5485	124	27	breaks	break	NOUN
fueconorg-5485	124	28	in	in	ADP
fueconorg-5485	124	29	the	the	DET
fueconorg-5485	124	30	long	long	ADJ
fueconorg-5485	124	31	-	-	PUNCT
fueconorg-5485	124	32	run	run	NOUN
fueconorg-5485	124	33	relationship	relationship	NOUN
fueconorg-5485	124	34	,	,	PUNCT
fueconorg-5485	124	35	450	450	NUM
fueconorg-5485	124	36	i.	i.	NOUN
fueconorg-5485	124	37	marjanović	marjanović	NOUN
fueconorg-5485	124	38	,	,	PUNCT
fueconorg-5485	124	39	m.	m.	NOUN
fueconorg-5485	124	40	marković	marković	NOUN
fueconorg-5485	124	41	meaning	mean	VERB
fueconorg-5485	124	42	that	that	SCONJ
fueconorg-5485	124	43	such	such	ADJ
fueconorg-5485	124	44	test	test	NOUN
fueconorg-5485	124	45	presumes	presume	VERB
fueconorg-5485	124	46	that	that	SCONJ
fueconorg-5485	124	47	the	the	DET
fueconorg-5485	124	48	cointegrating	cointegrate	VERB
fueconorg-5485	124	49	vectors	vector	NOUN
fueconorg-5485	124	50	do	do	AUX
fueconorg-5485	124	51	not	not	PART
fueconorg-5485	124	52	fluctuate	fluctuate	VERB
fueconorg-5485	124	53	over	over	ADP
fueconorg-5485	124	54	time	time	NOUN
fueconorg-5485	124	55	(	(	PUNCT
fueconorg-5485	124	56	ndoricimpa	ndoricimpa	PROPN
fueconorg-5485	124	57	,	,	PUNCT
fueconorg-5485	124	58	2013	2013	NUM
fueconorg-5485	124	59	)	)	PUNCT
fueconorg-5485	124	60	.	.	PUNCT
fueconorg-5485	125	1	in	in	ADP
fueconorg-5485	125	2	order	order	NOUN
fueconorg-5485	125	3	to	to	PART
fueconorg-5485	125	4	address	address	VERB
fueconorg-5485	125	5	these	these	DET
fueconorg-5485	125	6	shortcomings	shortcoming	NOUN
fueconorg-5485	125	7	of	of	ADP
fueconorg-5485	125	8	conventional	conventional	ADJ
fueconorg-5485	125	9	tests	test	NOUN
fueconorg-5485	125	10	,	,	PUNCT
fueconorg-5485	125	11	gregory	gregory	PROPN
fueconorg-5485	125	12	and	and	CCONJ
fueconorg-5485	125	13	hansen	hansen	PROPN
fueconorg-5485	125	14	(	(	PUNCT
fueconorg-5485	125	15	1996	1996	NUM
fueconorg-5485	125	16	)	)	PUNCT
fueconorg-5485	125	17	have	have	AUX
fueconorg-5485	125	18	developed	develop	VERB
fueconorg-5485	125	19	cointegration	cointegration	NOUN
fueconorg-5485	125	20	test	test	NOUN
fueconorg-5485	125	21	that	that	PRON
fueconorg-5485	125	22	takes	take	VERB
fueconorg-5485	125	23	into	into	ADP
fueconorg-5485	125	24	account	account	NOUN
fueconorg-5485	125	25	the	the	DET
fueconorg-5485	125	26	possibility	possibility	NOUN
fueconorg-5485	125	27	of	of	ADP
fueconorg-5485	125	28	a	a	DET
fueconorg-5485	125	29	single	single	ADJ
fueconorg-5485	125	30	structural	structural	ADJ
fueconorg-5485	125	31	break	break	NOUN
fueconorg-5485	125	32	that	that	PRON
fueconorg-5485	125	33	can	can	AUX
fueconorg-5485	125	34	be	be	AUX
fueconorg-5485	125	35	considered	consider	VERB
fueconorg-5485	125	36	as	as	ADP
fueconorg-5485	125	37	an	an	DET
fueconorg-5485	125	38	extension	extension	NOUN
fueconorg-5485	125	39	of	of	ADP
fueconorg-5485	125	40	the	the	DET
fueconorg-5485	125	41	engle	engle	PROPN
fueconorg-5485	125	42	and	and	CCONJ
fueconorg-5485	125	43	granger	granger	PROPN
fueconorg-5485	125	44	twostep	twostep	PROPN
fueconorg-5485	125	45	test	test	NOUN
fueconorg-5485	125	46	(	(	PUNCT
fueconorg-5485	125	47	liu	liu	PROPN
fueconorg-5485	125	48	&	&	CCONJ
fueconorg-5485	125	49	wan	wan	PROPN
fueconorg-5485	125	50	,	,	PUNCT
fueconorg-5485	125	51	2012	2012	NUM
fueconorg-5485	125	52	)	)	PUNCT
fueconorg-5485	125	53	.	.	PUNCT
fueconorg-5485	126	1	gregory	gregory	PROPN
fueconorg-5485	126	2	and	and	CCONJ
fueconorg-5485	126	3	hansen	hansen	PROPN
fueconorg-5485	126	4	(	(	PUNCT
fueconorg-5485	126	5	1996	1996	NUM
fueconorg-5485	126	6	)	)	PUNCT
fueconorg-5485	126	7	propose	propose	VERB
fueconorg-5485	126	8	four	four	NUM
fueconorg-5485	126	9	different	different	ADJ
fueconorg-5485	126	10	models	model	NOUN
fueconorg-5485	126	11	in	in	ADP
fueconorg-5485	126	12	order	order	NOUN
fueconorg-5485	126	13	to	to	PART
fueconorg-5485	126	14	account	account	VERB
fueconorg-5485	126	15	for	for	ADP
fueconorg-5485	126	16	the	the	DET
fueconorg-5485	126	17	single	single	ADJ
fueconorg-5485	126	18	endogenous	endogenous	ADJ
fueconorg-5485	126	19	break	break	NOUN
fueconorg-5485	126	20	(	(	PUNCT
fueconorg-5485	126	21	ndoricimpa	ndoricimpa	PROPN
fueconorg-5485	126	22	,	,	PUNCT
fueconorg-5485	126	23	2013	2013	NUM
fueconorg-5485	126	24	):	):	PUNCT
fueconorg-5485	126	25			X
fueconorg-5485	126	26	model	model	NOUN
fueconorg-5485	126	27	1	1	NUM
fueconorg-5485	126	28	:	:	PUNCT
fueconorg-5485	126	29	level	level	NOUN
fueconorg-5485	126	30	shift	shift	NOUN
fueconorg-5485	126	31	–	–	PUNCT
fueconorg-5485	126	32	the	the	DET
fueconorg-5485	126	33	structural	structural	ADJ
fueconorg-5485	126	34	break	break	NOUN
fueconorg-5485	126	35	influences	influence	NOUN
fueconorg-5485	126	36	only	only	ADV
fueconorg-5485	126	37	on	on	ADP
fueconorg-5485	126	38	the	the	DET
fueconorg-5485	126	39	intercept	intercept	NOUN
fueconorg-5485	126	40	;	;	PUNCT
fueconorg-5485	126	41			X
fueconorg-5485	126	42	model	model	NOUN
fueconorg-5485	126	43	2	2	NUM
fueconorg-5485	126	44	:	:	PUNCT
fueconorg-5485	126	45	level	level	NOUN
fueconorg-5485	126	46	shift	shift	NOUN
fueconorg-5485	126	47	with	with	ADP
fueconorg-5485	126	48	trend	trend	NOUN
fueconorg-5485	126	49	–	–	PUNCT
fueconorg-5485	126	50	the	the	DET
fueconorg-5485	126	51	structural	structural	ADJ
fueconorg-5485	126	52	break	break	NOUN
fueconorg-5485	126	53	influences	influence	VERB
fueconorg-5485	126	54	only	only	ADV
fueconorg-5485	126	55	the	the	DET
fueconorg-5485	126	56	intercept	intercept	NOUN
fueconorg-5485	126	57	but	but	CCONJ
fueconorg-5485	126	58	the	the	DET
fueconorg-5485	126	59	model	model	NOUN
fueconorg-5485	126	60	encompasses	encompass	VERB
fueconorg-5485	126	61	a	a	DET
fueconorg-5485	126	62	trend	trend	NOUN
fueconorg-5485	126	63	.	.	PUNCT
fueconorg-5485	127	1			PROPN
fueconorg-5485	127	2	model	model	NOUN
fueconorg-5485	127	3	3	3	NUM
fueconorg-5485	127	4	:	:	PUNCT
fueconorg-5485	127	5	regime	regime	NOUN
fueconorg-5485	127	6	shift	shift	NOUN
fueconorg-5485	127	7	–	–	PUNCT
fueconorg-5485	127	8	the	the	DET
fueconorg-5485	127	9	structural	structural	ADJ
fueconorg-5485	127	10	break	break	NOUN
fueconorg-5485	127	11	influences	influence	VERB
fueconorg-5485	127	12	the	the	DET
fueconorg-5485	127	13	intercept	intercept	NOUN
fueconorg-5485	127	14	and	and	CCONJ
fueconorg-5485	127	15	the	the	DET
fueconorg-5485	127	16	slope	slope	NOUN
fueconorg-5485	127	17	coefficient	coefficient	NOUN
fueconorg-5485	127	18	,	,	PUNCT
fueconorg-5485	127	19	jointly	jointly	ADV
fueconorg-5485	127	20	.	.	PUNCT
fueconorg-5485	128	1			PROPN
fueconorg-5485	128	2	model	model	NOUN
fueconorg-5485	128	3	4	4	NUM
fueconorg-5485	128	4	:	:	PUNCT
fueconorg-5485	128	5	regime	regime	NOUN
fueconorg-5485	128	6	shift	shift	NOUN
fueconorg-5485	128	7	with	with	ADP
fueconorg-5485	128	8	trend	trend	NOUN
fueconorg-5485	128	9	–	–	PUNCT
fueconorg-5485	128	10	the	the	DET
fueconorg-5485	128	11	structural	structural	ADJ
fueconorg-5485	128	12	break	break	NOUN
fueconorg-5485	128	13	influences	influence	VERB
fueconorg-5485	128	14	the	the	DET
fueconorg-5485	128	15	intercept	intercept	NOUN
fueconorg-5485	128	16	,	,	PUNCT
fueconorg-5485	128	17	the	the	DET
fueconorg-5485	128	18	slope	slope	NOUN
fueconorg-5485	128	19	coefficient	coefficient	NOUN
fueconorg-5485	128	20	and	and	CCONJ
fueconorg-5485	128	21	the	the	DET
fueconorg-5485	128	22	trend	trend	NOUN
fueconorg-5485	128	23	function	function	NOUN
fueconorg-5485	128	24	.	.	PUNCT
fueconorg-5485	129	1	3.3	3.3	NUM
fueconorg-5485	129	2	.	.	PUNCT
fueconorg-5485	130	1	causality	causality	NOUN
fueconorg-5485	130	2	test	test	NOUN
fueconorg-5485	130	3	the	the	DET
fueconorg-5485	130	4	presence	presence	NOUN
fueconorg-5485	130	5	of	of	ADP
fueconorg-5485	130	6	cointegration	cointegration	NOUN
fueconorg-5485	130	7	shows	show	VERB
fueconorg-5485	130	8	the	the	DET
fueconorg-5485	130	9	existence	existence	NOUN
fueconorg-5485	130	10	of	of	ADP
fueconorg-5485	130	11	a	a	DET
fueconorg-5485	130	12	long	long	ADV
fueconorg-5485	130	13	-	-	PUNCT
fueconorg-5485	130	14	run	run	NOUN
fueconorg-5485	130	15	relationship	relationship	NOUN
fueconorg-5485	130	16	between	between	ADP
fueconorg-5485	130	17	variables	variable	NOUN
fueconorg-5485	130	18	.	.	PUNCT
fueconorg-5485	131	1	on	on	ADP
fueconorg-5485	131	2	the	the	DET
fueconorg-5485	131	3	other	other	ADJ
fueconorg-5485	131	4	hand	hand	NOUN
fueconorg-5485	131	5	,	,	PUNCT
fueconorg-5485	131	6	the	the	DET
fueconorg-5485	131	7	absence	absence	NOUN
fueconorg-5485	131	8	of	of	ADP
fueconorg-5485	131	9	the	the	DET
fueconorg-5485	131	10	cointegration	cointegration	NOUN
fueconorg-5485	131	11	between	between	ADP
fueconorg-5485	131	12	two	two	NUM
fueconorg-5485	131	13	time	time	NOUN
fueconorg-5485	131	14	series	series	NOUN
fueconorg-5485	131	15	in	in	ADP
fueconorg-5485	131	16	the	the	DET
fueconorg-5485	131	17	long	long	ADJ
fueconorg-5485	131	18	run	run	NOUN
fueconorg-5485	131	19	,	,	PUNCT
fueconorg-5485	131	20	does	do	AUX
fueconorg-5485	131	21	not	not	PART
fueconorg-5485	131	22	mean	mean	VERB
fueconorg-5485	131	23	that	that	SCONJ
fueconorg-5485	131	24	there	there	PRON
fueconorg-5485	131	25	is	be	VERB
fueconorg-5485	131	26	no	no	DET
fueconorg-5485	131	27	short	short	ADJ
fueconorg-5485	131	28	-	-	PUNCT
fueconorg-5485	131	29	run	run	NOUN
fueconorg-5485	131	30	causal	causal	ADJ
fueconorg-5485	131	31	interrelationship	interrelationship	NOUN
fueconorg-5485	131	32	(	(	PUNCT
fueconorg-5485	131	33	lodha	lodha	PROPN
fueconorg-5485	131	34	,	,	PUNCT
fueconorg-5485	131	35	2017	2017	NUM
fueconorg-5485	131	36	)	)	PUNCT
fueconorg-5485	131	37	.	.	PUNCT
fueconorg-5485	132	1	short	short	ADJ
fueconorg-5485	132	2	-	-	PUNCT
fueconorg-5485	132	3	run	run	NOUN
fueconorg-5485	132	4	interrelationship	interrelationship	NOUN
fueconorg-5485	132	5	can	can	AUX
fueconorg-5485	132	6	be	be	AUX
fueconorg-5485	132	7	inspected	inspect	VERB
fueconorg-5485	132	8	by	by	ADP
fueconorg-5485	132	9	performing	perform	VERB
fueconorg-5485	132	10	the	the	DET
fueconorg-5485	132	11	granger	granger	PROPN
fueconorg-5485	132	12	causality	causality	NOUN
fueconorg-5485	132	13	test	test	NOUN
fueconorg-5485	132	14	.	.	PUNCT
fueconorg-5485	133	1	in	in	ADP
fueconorg-5485	133	2	the	the	DET
fueconorg-5485	133	3	literature	literature	NOUN
fueconorg-5485	133	4	,	,	PUNCT
fueconorg-5485	133	5	one	one	PRON
fueconorg-5485	133	6	can	can	AUX
fueconorg-5485	133	7	find	find	VERB
fueconorg-5485	133	8	the	the	DET
fueconorg-5485	133	9	definition	definition	NOUN
fueconorg-5485	133	10	of	of	ADP
fueconorg-5485	133	11	granger	granger	PROPN
fueconorg-5485	133	12	's	's	PART
fueconorg-5485	133	13	causality	causality	NOUN
fueconorg-5485	133	14	stating	state	VERB
fueconorg-5485	133	15	that	that	SCONJ
fueconorg-5485	133	16	x	x	PRON
fueconorg-5485	133	17	causes	cause	VERB
fueconorg-5485	133	18	y	y	PROPN
fueconorg-5485	133	19	in	in	ADP
fueconorg-5485	133	20	granger	granger	PROPN
fueconorg-5485	133	21	's	's	PART
fueconorg-5485	133	22	sense	sense	NOUN
fueconorg-5485	133	23	if	if	SCONJ
fueconorg-5485	133	24	the	the	DET
fueconorg-5485	133	25	present	present	ADJ
fueconorg-5485	133	26	value	value	NOUN
fueconorg-5485	133	27	of	of	ADP
fueconorg-5485	133	28	the	the	DET
fueconorg-5485	133	29	variable	variable	ADJ
fueconorg-5485	133	30	y	y	PROPN
fueconorg-5485	133	31	can	can	AUX
fueconorg-5485	133	32	be	be	AUX
fueconorg-5485	133	33	predicted	predict	VERB
fueconorg-5485	133	34	with	with	ADP
fueconorg-5485	133	35	greater	great	ADJ
fueconorg-5485	133	36	accuracy	accuracy	NOUN
fueconorg-5485	133	37	using	use	VERB
fueconorg-5485	133	38	the	the	DET
fueconorg-5485	133	39	past	past	ADJ
fueconorg-5485	133	40	values	value	NOUN
fueconorg-5485	133	41	of	of	ADP
fueconorg-5485	133	42	the	the	DET
fueconorg-5485	133	43	variable	variable	ADJ
fueconorg-5485	133	44	x	x	NOUN
fueconorg-5485	133	45	,	,	PUNCT
fueconorg-5485	133	46	and	and	CCONJ
fueconorg-5485	133	47	not	not	PART
fueconorg-5485	133	48	only	only	ADV
fueconorg-5485	133	49	the	the	DET
fueconorg-5485	133	50	past	past	ADJ
fueconorg-5485	133	51	values	value	NOUN
fueconorg-5485	133	52	of	of	ADP
fueconorg-5485	133	53	the	the	DET
fueconorg-5485	133	54	variable	variable	ADJ
fueconorg-5485	133	55	y	y	PROPN
fueconorg-5485	133	56	,	,	PUNCT
fueconorg-5485	133	57	with	with	ADP
fueconorg-5485	133	58	other	other	ADJ
fueconorg-5485	133	59	conditions	condition	NOUN
fueconorg-5485	133	60	unchanged	unchanged	ADJ
fueconorg-5485	133	61	(	(	PUNCT
fueconorg-5485	133	62	watson	watson	PROPN
fueconorg-5485	133	63	&	&	CCONJ
fueconorg-5485	133	64	teelucksingh	teelucksingh	PROPN
fueconorg-5485	133	65	,	,	PUNCT
fueconorg-5485	133	66	2002	2002	NUM
fueconorg-5485	133	67	)	)	PUNCT
fueconorg-5485	133	68	.	.	PUNCT
fueconorg-5485	134	1	granger	granger	PROPN
fueconorg-5485	134	2	causality	causality	PROPN
fueconorg-5485	134	3	test	test	NOUN
fueconorg-5485	134	4	was	be	AUX
fueconorg-5485	134	5	originally	originally	ADV
fueconorg-5485	134	6	developed	develop	VERB
fueconorg-5485	134	7	to	to	PART
fueconorg-5485	134	8	identify	identify	VERB
fueconorg-5485	134	9	the	the	DET
fueconorg-5485	134	10	impact	impact	NOUN
fueconorg-5485	134	11	of	of	ADP
fueconorg-5485	134	12	one	one	NUM
fueconorg-5485	134	13	time	time	NOUN
fueconorg-5485	134	14	series	series	NOUN
fueconorg-5485	134	15	on	on	ADP
fueconorg-5485	134	16	the	the	DET
fueconorg-5485	134	17	other	other	ADJ
fueconorg-5485	134	18	.	.	PUNCT
fueconorg-5485	135	1	granger	granger	PROPN
fueconorg-5485	135	2	causality	causality	PROPN
fueconorg-5485	135	3	test	test	NOUN
fueconorg-5485	135	4	is	be	AUX
fueconorg-5485	135	5	based	base	VERB
fueconorg-5485	135	6	on	on	ADP
fueconorg-5485	135	7	two	two	NUM
fueconorg-5485	135	8	basic	basic	ADJ
fueconorg-5485	135	9	principles	principle	NOUN
fueconorg-5485	135	10	(	(	PUNCT
fueconorg-5485	135	11	granger	granger	NOUN
fueconorg-5485	135	12	,	,	PUNCT
fueconorg-5485	135	13	1969	1969	NUM
fueconorg-5485	135	14	):	):	PUNCT
fueconorg-5485	135	15			VERB
fueconorg-5485	135	16	the	the	DET
fueconorg-5485	135	17	cause	cause	NOUN
fueconorg-5485	135	18	occurs	occur	VERB
fueconorg-5485	135	19	before	before	ADP
fueconorg-5485	135	20	the	the	DET
fueconorg-5485	135	21	effect	effect	NOUN
fueconorg-5485	135	22	;	;	PUNCT
fueconorg-5485	135	23			CCONJ
fueconorg-5485	135	24	cause	cause	NOUN
fueconorg-5485	135	25	creates	create	VERB
fueconorg-5485	135	26	unique	unique	ADJ
fueconorg-5485	135	27	changes	change	NOUN
fueconorg-5485	135	28	to	to	ADP
fueconorg-5485	135	29	the	the	DET
fueconorg-5485	135	30	effect	effect	NOUN
fueconorg-5485	135	31	,	,	PUNCT
fueconorg-5485	135	32	that	that	ADV
fueconorg-5485	135	33	is	is	ADV
fueconorg-5485	135	34	,	,	PUNCT
fueconorg-5485	135	35	the	the	DET
fueconorg-5485	135	36	causal	causal	ADJ
fueconorg-5485	135	37	series	series	NOUN
fueconorg-5485	135	38	contains	contain	VERB
fueconorg-5485	135	39	unique	unique	ADJ
fueconorg-5485	135	40	information	information	NOUN
fueconorg-5485	135	41	about	about	ADP
fueconorg-5485	135	42	the	the	DET
fueconorg-5485	135	43	time	time	NOUN
fueconorg-5485	135	44	series	series	NOUN
fueconorg-5485	135	45	which	which	PRON
fueconorg-5485	135	46	it	it	PRON
fueconorg-5485	135	47	affects	affect	VERB
fueconorg-5485	135	48	,	,	PUNCT
fueconorg-5485	135	49	which	which	PRON
fueconorg-5485	135	50	are	be	AUX
fueconorg-5485	135	51	not	not	PART
fueconorg-5485	135	52	available	available	ADJ
fueconorg-5485	135	53	otherwise	otherwise	ADV
fueconorg-5485	135	54	.	.	PUNCT
fueconorg-5485	136	1	the	the	DET
fueconorg-5485	136	2	causality	causality	NOUN
fueconorg-5485	136	3	test	test	NOUN
fueconorg-5485	136	4	application	application	NOUN
fueconorg-5485	136	5	is	be	AUX
fueconorg-5485	136	6	determined	determine	VERB
fueconorg-5485	136	7	by	by	ADP
fueconorg-5485	136	8	the	the	DET
fueconorg-5485	136	9	fact	fact	NOUN
fueconorg-5485	136	10	whether	whether	SCONJ
fueconorg-5485	136	11	there	there	PRON
fueconorg-5485	136	12	is	be	VERB
fueconorg-5485	136	13	cointegration	cointegration	NOUN
fueconorg-5485	136	14	between	between	ADP
fueconorg-5485	136	15	variables	variable	NOUN
fueconorg-5485	136	16	or	or	CCONJ
fueconorg-5485	136	17	not	not	PART
fueconorg-5485	136	18	(	(	PUNCT
fueconorg-5485	136	19	kasman	kasman	PROPN
fueconorg-5485	136	20	&	&	CCONJ
fueconorg-5485	136	21	ayhan	ayhan	PROPN
fueconorg-5485	136	22	,	,	PUNCT
fueconorg-5485	136	23	2008	2008	NUM
fueconorg-5485	136	24	)	)	PUNCT
fueconorg-5485	136	25	.	.	PUNCT
fueconorg-5485	137	1	if	if	SCONJ
fueconorg-5485	137	2	there	there	PRON
fueconorg-5485	137	3	is	be	VERB
fueconorg-5485	137	4	a	a	DET
fueconorg-5485	137	5	cointegration	cointegration	NOUN
fueconorg-5485	137	6	then	then	ADV
fueconorg-5485	137	7	a	a	DET
fueconorg-5485	137	8	vector	vector	NOUN
fueconorg-5485	137	9	error	error	NOUN
fueconorg-5485	137	10	correction	correction	NOUN
fueconorg-5485	137	11	model	model	NOUN
fueconorg-5485	137	12	(	(	PUNCT
fueconorg-5485	137	13	vecm	vecm	NOUN
fueconorg-5485	137	14	)	)	PUNCT
fueconorg-5485	137	15	should	should	AUX
fueconorg-5485	137	16	be	be	AUX
fueconorg-5485	137	17	applied	apply	VERB
fueconorg-5485	137	18	to	to	PART
fueconorg-5485	137	19	determine	determine	VERB
fueconorg-5485	137	20	the	the	DET
fueconorg-5485	137	21	long	long	ADJ
fueconorg-5485	137	22	and	and	CCONJ
fueconorg-5485	137	23	the	the	DET
fueconorg-5485	137	24	short	short	ADJ
fueconorg-5485	137	25	-	-	PUNCT
fueconorg-5485	137	26	run	run	NOUN
fueconorg-5485	137	27	relationship	relationship	NOUN
fueconorg-5485	137	28	between	between	ADP
fueconorg-5485	137	29	variables	variable	NOUN
fueconorg-5485	137	30	,	,	PUNCT
fueconorg-5485	137	31	and	and	CCONJ
fueconorg-5485	137	32	if	if	SCONJ
fueconorg-5485	137	33	there	there	PRON
fueconorg-5485	137	34	is	be	VERB
fueconorg-5485	137	35	no	no	DET
fueconorg-5485	137	36	cointegration	cointegration	NOUN
fueconorg-5485	137	37	,	,	PUNCT
fueconorg-5485	137	38	the	the	DET
fueconorg-5485	137	39	vector	vector	NOUN
fueconorg-5485	137	40	autoregression	autoregression	NOUN
fueconorg-5485	137	41	model	model	NOUN
fueconorg-5485	137	42	(	(	PUNCT
fueconorg-5485	137	43	var	var	NOUN
fueconorg-5485	137	44	)	)	PUNCT
fueconorg-5485	137	45	should	should	AUX
fueconorg-5485	137	46	be	be	AUX
fueconorg-5485	137	47	used	use	VERB
fueconorg-5485	137	48	.	.	PUNCT
fueconorg-5485	138	1	4	4	X
fueconorg-5485	138	2	.	.	X
fueconorg-5485	138	3	data	datum	NOUN
fueconorg-5485	138	4	and	and	CCONJ
fueconorg-5485	138	5	analysis	analysis	NOUN
fueconorg-5485	138	6	the	the	DET
fueconorg-5485	138	7	time	time	NOUN
fueconorg-5485	138	8	series	series	PROPN
fueconorg-5485	138	9	data	data	PROPN
fueconorg-5485	138	10	for	for	ADP
fueconorg-5485	138	11	the	the	DET
fueconorg-5485	138	12	nominal	nominal	ADJ
fueconorg-5485	138	13	exchange	exchange	NOUN
fueconorg-5485	138	14	rate	rate	NOUN
fueconorg-5485	138	15	and	and	CCONJ
fueconorg-5485	138	16	foreign	foreign	ADJ
fueconorg-5485	138	17	exchange	exchange	NOUN
fueconorg-5485	138	18	reserves	reserve	NOUN
fueconorg-5485	138	19	for	for	ADP
fueconorg-5485	138	20	the	the	DET
fueconorg-5485	138	21	period	period	NOUN
fueconorg-5485	138	22	from	from	ADP
fueconorg-5485	138	23	september	september	PROPN
fueconorg-5485	138	24	2005	2005	NUM
fueconorg-5485	138	25	until	until	ADP
fueconorg-5485	138	26	april	april	PROPN
fueconorg-5485	138	27	2019	2019	NUM
fueconorg-5485	138	28	were	be	AUX
fueconorg-5485	138	29	collected	collect	VERB
fueconorg-5485	138	30	from	from	ADP
fueconorg-5485	138	31	the	the	DET
fueconorg-5485	138	32	national	national	PROPN
fueconorg-5485	138	33	bank	bank	PROPN
fueconorg-5485	138	34	of	of	ADP
fueconorg-5485	138	35	serbia	serbia	PROPN
fueconorg-5485	138	36	database	database	NOUN
fueconorg-5485	138	37	in	in	ADP
fueconorg-5485	138	38	order	order	NOUN
fueconorg-5485	138	39	to	to	PART
fueconorg-5485	138	40	examine	examine	VERB
fueconorg-5485	138	41	the	the	DET
fueconorg-5485	138	42	existence	existence	NOUN
fueconorg-5485	138	43	and	and	CCONJ
fueconorg-5485	138	44	nature	nature	NOUN
fueconorg-5485	138	45	of	of	ADP
fueconorg-5485	138	46	the	the	DET
fueconorg-5485	138	47	relationship	relationship	NOUN
fueconorg-5485	138	48	between	between	ADP
fueconorg-5485	138	49	the	the	DET
fueconorg-5485	138	50	exchange	exchange	NOUN
fueconorg-5485	138	51	rate	rate	NOUN
fueconorg-5485	138	52	(	(	PUNCT
fueconorg-5485	138	53	nominal	nominal	ADJ
fueconorg-5485	138	54	and	and	CCONJ
fueconorg-5485	138	55	real	real	ADJ
fueconorg-5485	138	56	)	)	PUNCT
fueconorg-5485	138	57	and	and	CCONJ
fueconorg-5485	138	58	foreign	foreign	ADJ
fueconorg-5485	138	59	exchange	exchange	NOUN
fueconorg-5485	138	60	reserves	reserve	NOUN
fueconorg-5485	138	61	.	.	PUNCT
fueconorg-5485	139	1	the	the	DET
fueconorg-5485	139	2	real	real	ADJ
fueconorg-5485	139	3	exchange	exchange	NOUN
fueconorg-5485	139	4	rate	rate	NOUN
fueconorg-5485	139	5	is	be	AUX
fueconorg-5485	139	6	obtained	obtain	VERB
fueconorg-5485	139	7	using	use	VERB
fueconorg-5485	139	8	the	the	DET
fueconorg-5485	139	9	equation	equation	NOUN
fueconorg-5485	139	10	:	:	PUNCT
fueconorg-5485	139	11	*	*	PUNCT
fueconorg-5485	139	12	eu	eu	PROPN
fueconorg-5485	139	13	ser	ser	PROPN
fueconorg-5485	139	14	p	p	PROPN
fueconorg-5485	139	15	rer	rer	PROPN
fueconorg-5485	139	16	ner	ner	NOUN
fueconorg-5485	139	17	p	p	PROPN
fueconorg-5485	139	18			PROPN
fueconorg-5485	139	19	,	,	PUNCT
fueconorg-5485	139	20	(	(	PUNCT
fueconorg-5485	139	21	1	1	X
fueconorg-5485	139	22	)	)	PUNCT
fueconorg-5485	139	23	causality	causality	NOUN
fueconorg-5485	139	24	between	between	ADP
fueconorg-5485	139	25	exchange	exchange	NOUN
fueconorg-5485	139	26	rates	rate	NOUN
fueconorg-5485	139	27	and	and	CCONJ
fueconorg-5485	139	28	foreign	foreign	ADJ
fueconorg-5485	139	29	exchange	exchange	NOUN
fueconorg-5485	139	30	reserves	reserve	NOUN
fueconorg-5485	139	31	:	:	PUNCT
fueconorg-5485	139	32	serbian	serbian	ADJ
fueconorg-5485	139	33	case	case	NOUN
fueconorg-5485	139	34	451	451	NUM
fueconorg-5485	139	35	where	where	SCONJ
fueconorg-5485	139	36	ner	ner	NOUN
fueconorg-5485	139	37	signifies	signify	VERB
fueconorg-5485	139	38	the	the	DET
fueconorg-5485	139	39	nominal	nominal	ADJ
fueconorg-5485	139	40	exchange	exchange	NOUN
fueconorg-5485	139	41	rate	rate	NOUN
fueconorg-5485	139	42	,	,	PUNCT
fueconorg-5485	139	43	peu	peu	NOUN
fueconorg-5485	139	44	and	and	CCONJ
fueconorg-5485	139	45	pser	pser	NOUN
fueconorg-5485	139	46	symbolize	symbolize	NOUN
fueconorg-5485	139	47	consumer	consumer	NOUN
fueconorg-5485	139	48	price	price	NOUN
fueconorg-5485	139	49	indexes	index	NOUN
fueconorg-5485	139	50	in	in	ADP
fueconorg-5485	139	51	the	the	DET
fueconorg-5485	139	52	eu	eu	PROPN
fueconorg-5485	139	53	and	and	CCONJ
fueconorg-5485	139	54	serbia	serbia	PROPN
fueconorg-5485	139	55	,	,	PUNCT
fueconorg-5485	139	56	respectively	respectively	ADV
fueconorg-5485	139	57	.	.	PUNCT
fueconorg-5485	140	1	the	the	DET
fueconorg-5485	140	2	first	first	ADJ
fueconorg-5485	140	3	step	step	NOUN
fueconorg-5485	140	4	in	in	ADP
fueconorg-5485	140	5	the	the	DET
fueconorg-5485	140	6	analysis	analysis	NOUN
fueconorg-5485	140	7	is	be	AUX
fueconorg-5485	140	8	to	to	PART
fueconorg-5485	140	9	test	test	VERB
fueconorg-5485	140	10	the	the	DET
fueconorg-5485	140	11	stationary	stationary	NOUN
fueconorg-5485	140	12	of	of	ADP
fueconorg-5485	140	13	time	time	NOUN
fueconorg-5485	140	14	series	series	NOUN
fueconorg-5485	140	15	and	and	CCONJ
fueconorg-5485	140	16	to	to	PART
fueconorg-5485	140	17	determine	determine	VERB
fueconorg-5485	140	18	the	the	DET
fueconorg-5485	140	19	order	order	NOUN
fueconorg-5485	140	20	of	of	ADP
fueconorg-5485	140	21	integration	integration	NOUN
fueconorg-5485	140	22	in	in	ADP
fueconorg-5485	140	23	the	the	DET
fueconorg-5485	140	24	case	case	NOUN
fueconorg-5485	140	25	of	of	ADP
fueconorg-5485	140	26	nonstationary	nonstationary	ADJ
fueconorg-5485	140	27	series	series	NOUN
fueconorg-5485	140	28	.	.	PUNCT
fueconorg-5485	141	1	for	for	ADP
fueconorg-5485	141	2	that	that	DET
fueconorg-5485	141	3	purpose	purpose	NOUN
fueconorg-5485	141	4	,	,	PUNCT
fueconorg-5485	141	5	the	the	DET
fueconorg-5485	141	6	augmented	augment	VERB
fueconorg-5485	141	7	dickey	dickey	PROPN
fueconorg-5485	141	8	–	–	PUNCT
fueconorg-5485	141	9	fuller	full	ADJ
fueconorg-5485	141	10	unit	unit	NOUN
fueconorg-5485	141	11	root	root	PROPN
fueconorg-5485	141	12	test	test	NOUN
fueconorg-5485	141	13	(	(	PUNCT
fueconorg-5485	141	14	adf	adf	NOUN
fueconorg-5485	141	15	)	)	PUNCT
fueconorg-5485	141	16	has	have	AUX
fueconorg-5485	141	17	been	be	AUX
fueconorg-5485	141	18	applied	apply	VERB
fueconorg-5485	141	19	and	and	CCONJ
fueconorg-5485	141	20	the	the	DET
fueconorg-5485	141	21	results	result	NOUN
fueconorg-5485	141	22	are	be	AUX
fueconorg-5485	141	23	presented	present	VERB
fueconorg-5485	141	24	in	in	ADP
fueconorg-5485	141	25	the	the	DET
fueconorg-5485	141	26	table	table	NOUN
fueconorg-5485	141	27	1	1	NUM
fueconorg-5485	141	28	.	.	PUNCT
fueconorg-5485	142	1	according	accord	VERB
fueconorg-5485	142	2	to	to	ADP
fueconorg-5485	142	3	the	the	DET
fueconorg-5485	142	4	obtained	obtain	VERB
fueconorg-5485	142	5	value	value	NOUN
fueconorg-5485	142	6	of	of	ADP
fueconorg-5485	142	7	test	test	NOUN
fueconorg-5485	142	8	statistics	statistic	NOUN
fueconorg-5485	142	9	it	it	PRON
fueconorg-5485	142	10	can	can	AUX
fueconorg-5485	142	11	be	be	AUX
fueconorg-5485	142	12	determined	determine	VERB
fueconorg-5485	142	13	that	that	SCONJ
fueconorg-5485	142	14	all	all	DET
fueconorg-5485	142	15	analysed	analyse	VERB
fueconorg-5485	142	16	time	time	NOUN
fueconorg-5485	142	17	series	series	NOUN
fueconorg-5485	142	18	are	be	AUX
fueconorg-5485	142	19	not	not	PART
fueconorg-5485	142	20	level	level	NOUN
fueconorg-5485	142	21	stationary	stationary	NOUN
fueconorg-5485	142	22	.	.	PUNCT
fueconorg-5485	143	1	on	on	ADP
fueconorg-5485	143	2	the	the	DET
fueconorg-5485	143	3	other	other	ADJ
fueconorg-5485	143	4	hand	hand	NOUN
fueconorg-5485	143	5	,	,	PUNCT
fueconorg-5485	143	6	their	their	PRON
fueconorg-5485	143	7	first	first	ADJ
fueconorg-5485	143	8	differences	difference	NOUN
fueconorg-5485	143	9	are	be	AUX
fueconorg-5485	143	10	stationary	stationary	ADJ
fueconorg-5485	143	11	.	.	PUNCT
fueconorg-5485	143	12	table	table	NOUN
fueconorg-5485	143	13	1	1	NUM
fueconorg-5485	143	14	calculated	calculate	VERB
fueconorg-5485	143	15	adf	adf	PROPN
fueconorg-5485	143	16	statistics	statistics	PROPN
fueconorg-5485	143	17	nominal	nominal	PROPN
fueconorg-5485	143	18	exchange	exchange	NOUN
fueconorg-5485	143	19	rate	rate	NOUN
fueconorg-5485	143	20	real	real	ADJ
fueconorg-5485	143	21	exchange	exchange	NOUN
fueconorg-5485	143	22	rate	rate	NOUN
fueconorg-5485	143	23	foreign	foreign	ADJ
fueconorg-5485	143	24	exchange	exchange	NOUN
fueconorg-5485	143	25	reserves	reserve	NOUN
fueconorg-5485	143	26	no	no	DET
fueconorg-5485	143	27	trend	trend	NOUN
fueconorg-5485	143	28	trend	trend	NOUN
fueconorg-5485	143	29	no	no	DET
fueconorg-5485	143	30	trend	trend	NOUN
fueconorg-5485	143	31	trend	trend	NOUN
fueconorg-5485	143	32	no	no	DET
fueconorg-5485	143	33	trend	trend	NOUN
fueconorg-5485	143	34	trend	trend	NOUN
fueconorg-5485	143	35	level	level	NOUN
fueconorg-5485	143	36	-1.538	-1.538	PUNCT
fueconorg-5485	143	37	-1.337	-1.337	X
fueconorg-5485	143	38	-3.104	-3.104	PUNCT
fueconorg-5485	143	39	-3.117	-3.117	NUM
fueconorg-5485	143	40	-2.864	-2.864	NUM
fueconorg-5485	143	41	-3.355	-3.355	PUNCT
fueconorg-5485	143	42	first	first	ADJ
fueconorg-5485	143	43	difference	difference	NOUN
fueconorg-5485	143	44	-13.496	-13.496	PUNCT
fueconorg-5485	143	45	-13.607	-13.607	PROPN
fueconorg-5485	143	46	-12.908	-12.908	PROPN
fueconorg-5485	144	1	-12.865	-12.865	PUNCT
fueconorg-5485	144	2	-11.330	-11.330	PROPN
fueconorg-5485	144	3	-11.312	-11.312	PUNCT
fueconorg-5485	144	4	source	source	NOUN
fueconorg-5485	144	5	:	:	PUNCT
fueconorg-5485	144	6	authors	author	NOUN
fueconorg-5485	144	7	’	’	PART
fueconorg-5485	144	8	calculation	calculation	NOUN
fueconorg-5485	144	9	note	note	NOUN
fueconorg-5485	144	10	:	:	PUNCT
fueconorg-5485	144	11	optimal	optimal	ADJ
fueconorg-5485	144	12	number	number	NOUN
fueconorg-5485	144	13	of	of	ADP
fueconorg-5485	144	14	lags	lag	NOUN
fueconorg-5485	144	15	revealed	reveal	VERB
fueconorg-5485	144	16	based	base	VERB
fueconorg-5485	144	17	on	on	ADP
fueconorg-5485	144	18	aic	aic	PROPN
fueconorg-5485	144	19	;	;	PUNCT
fueconorg-5485	144	20	critical	critical	ADJ
fueconorg-5485	144	21	values	value	NOUN
fueconorg-5485	144	22	are	be	AUX
fueconorg-5485	144	23	(	(	PUNCT
fueconorg-5485	144	24	mackinnon	mackinnon	PROPN
fueconorg-5485	144	25	,	,	PUNCT
fueconorg-5485	144	26	1991	1991	NUM
fueconorg-5485	144	27	):	):	PUNCT
fueconorg-5485	144	28	-3.493	-3.493	X
fueconorg-5485	144	29	(	(	PUNCT
fueconorg-5485	144	30	99	99	NUM
fueconorg-5485	144	31	%	%	NOUN
fueconorg-5485	144	32	)	)	PUNCT
fueconorg-5485	144	33	and	and	CCONJ
fueconorg-5485	144	34	-4.023	-4.023	NUM
fueconorg-5485	144	35	(	(	PUNCT
fueconorg-5485	144	36	99	99	NUM
fueconorg-5485	144	37	%	%	NOUN
fueconorg-5485	144	38	)	)	PUNCT
fueconorg-5485	144	39	with	with	ADP
fueconorg-5485	144	40	no	no	DET
fueconorg-5485	144	41	trend	trend	NOUN
fueconorg-5485	144	42	and	and	CCONJ
fueconorg-5485	144	43	with	with	ADP
fueconorg-5485	144	44	trend	trend	NOUN
fueconorg-5485	144	45	,	,	PUNCT
fueconorg-5485	144	46	in	in	ADP
fueconorg-5485	144	47	that	that	DET
fueconorg-5485	144	48	order	order	NOUN
fueconorg-5485	144	49	however	however	ADV
fueconorg-5485	144	50	,	,	PUNCT
fueconorg-5485	144	51	the	the	DET
fueconorg-5485	144	52	existence	existence	NOUN
fueconorg-5485	144	53	of	of	ADP
fueconorg-5485	144	54	structural	structural	ADJ
fueconorg-5485	144	55	break	break	NOUN
fueconorg-5485	144	56	reduces	reduce	VERB
fueconorg-5485	144	57	the	the	DET
fueconorg-5485	144	58	power	power	NOUN
fueconorg-5485	144	59	of	of	ADP
fueconorg-5485	144	60	the	the	DET
fueconorg-5485	144	61	adf	adf	PROPN
fueconorg-5485	144	62	test	test	NOUN
fueconorg-5485	144	63	(	(	PUNCT
fueconorg-5485	144	64	kasman	kasman	PROPN
fueconorg-5485	144	65	&	&	CCONJ
fueconorg-5485	144	66	ayhan	ayhan	PROPN
fueconorg-5485	144	67	,	,	PUNCT
fueconorg-5485	144	68	2008	2008	NUM
fueconorg-5485	144	69	)	)	PUNCT
fueconorg-5485	144	70	.	.	PUNCT
fueconorg-5485	145	1	therefore	therefore	ADV
fueconorg-5485	145	2	,	,	PUNCT
fueconorg-5485	145	3	to	to	PART
fueconorg-5485	145	4	detect	detect	VERB
fueconorg-5485	145	5	potential	potential	ADJ
fueconorg-5485	145	6	structural	structural	ADJ
fueconorg-5485	145	7	break	break	NOUN
fueconorg-5485	145	8	the	the	DET
fueconorg-5485	145	9	zivot	zivot	PROPN
fueconorg-5485	145	10	and	and	CCONJ
fueconorg-5485	145	11	andrews	andrews	PROPN
fueconorg-5485	145	12	test	test	NOUN
fueconorg-5485	145	13	has	have	AUX
fueconorg-5485	145	14	been	be	AUX
fueconorg-5485	145	15	applied	apply	VERB
fueconorg-5485	145	16	and	and	CCONJ
fueconorg-5485	145	17	the	the	DET
fueconorg-5485	145	18	obtained	obtain	VERB
fueconorg-5485	145	19	results	result	NOUN
fueconorg-5485	145	20	are	be	AUX
fueconorg-5485	145	21	presented	present	VERB
fueconorg-5485	145	22	in	in	ADP
fueconorg-5485	145	23	table	table	NOUN
fueconorg-5485	145	24	2	2	NUM
fueconorg-5485	145	25	.	.	PUNCT
fueconorg-5485	146	1	the	the	DET
fueconorg-5485	146	2	results	result	NOUN
fueconorg-5485	146	3	endorse	endorse	VERB
fueconorg-5485	146	4	results	result	NOUN
fueconorg-5485	146	5	obtained	obtain	VERB
fueconorg-5485	146	6	by	by	ADP
fueconorg-5485	146	7	adf	adf	PROPN
fueconorg-5485	146	8	test	test	NOUN
fueconorg-5485	146	9	.	.	PUNCT
fueconorg-5485	147	1	hence	hence	ADV
fueconorg-5485	147	2	,	,	PUNCT
fueconorg-5485	147	3	all	all	DET
fueconorg-5485	147	4	time	time	NOUN
fueconorg-5485	147	5	series	series	PROPN
fueconorg-5485	147	6	are	be	AUX
fueconorg-5485	147	7	i	i	PRON
fueconorg-5485	147	8	(	(	PUNCT
fueconorg-5485	147	9	1	1	NUM
fueconorg-5485	147	10	)	)	PUNCT
fueconorg-5485	147	11	.	.	PUNCT
fueconorg-5485	148	1	one	one	NUM
fueconorg-5485	148	2	of	of	ADP
fueconorg-5485	148	3	the	the	DET
fueconorg-5485	148	4	research	research	NOUN
fueconorg-5485	148	5	assumptions	assumption	NOUN
fueconorg-5485	148	6	is	be	AUX
fueconorg-5485	148	7	that	that	SCONJ
fueconorg-5485	148	8	the	the	DET
fueconorg-5485	148	9	periods	period	NOUN
fueconorg-5485	148	10	of	of	ADP
fueconorg-5485	148	11	the	the	DET
fueconorg-5485	148	12	identified	identify	VERB
fueconorg-5485	148	13	structural	structural	ADJ
fueconorg-5485	148	14	break	break	NOUN
fueconorg-5485	148	15	will	will	AUX
fueconorg-5485	148	16	coincide	coincide	VERB
fueconorg-5485	148	17	with	with	ADP
fueconorg-5485	148	18	the	the	DET
fueconorg-5485	148	19	periods	period	NOUN
fueconorg-5485	148	20	of	of	ADP
fueconorg-5485	148	21	the	the	DET
fueconorg-5485	148	22	financial	financial	ADJ
fueconorg-5485	148	23	and	and	CCONJ
fueconorg-5485	148	24	economic	economic	ADJ
fueconorg-5485	148	25	crises	crisis	NOUN
fueconorg-5485	148	26	in	in	ADP
fueconorg-5485	148	27	the	the	DET
fueconorg-5485	148	28	republic	republic	NOUN
fueconorg-5485	148	29	of	of	ADP
fueconorg-5485	148	30	serbia	serbia	PROPN
fueconorg-5485	148	31	.	.	PUNCT
fueconorg-5485	149	1	since	since	SCONJ
fueconorg-5485	149	2	the	the	DET
fueconorg-5485	149	3	third	third	ADJ
fueconorg-5485	149	4	model	model	NOUN
fueconorg-5485	149	5	which	which	PRON
fueconorg-5485	149	6	includes	include	VERB
fueconorg-5485	149	7	both	both	PRON
fueconorg-5485	149	8	,	,	PUNCT
fueconorg-5485	149	9	the	the	DET
fueconorg-5485	149	10	single	single	ADJ
fueconorg-5485	149	11	shift	shift	NOUN
fueconorg-5485	149	12	in	in	ADP
fueconorg-5485	149	13	the	the	DET
fueconorg-5485	149	14	intercept	intercept	NOUN
fueconorg-5485	149	15	and	and	CCONJ
fueconorg-5485	149	16	the	the	DET
fueconorg-5485	149	17	trend	trend	NOUN
fueconorg-5485	149	18	,	,	PUNCT
fueconorg-5485	149	19	is	be	AUX
fueconorg-5485	149	20	the	the	DET
fueconorg-5485	149	21	most	most	ADV
fueconorg-5485	149	22	restrictive	restrictive	ADJ
fueconorg-5485	149	23	,	,	PUNCT
fueconorg-5485	149	24	this	this	DET
fueconorg-5485	149	25	model	model	NOUN
fueconorg-5485	149	26	is	be	AUX
fueconorg-5485	149	27	tested	test	VERB
fueconorg-5485	149	28	first	first	ADV
fueconorg-5485	149	29	,	,	PUNCT
fueconorg-5485	149	30	and	and	CCONJ
fueconorg-5485	149	31	if	if	SCONJ
fueconorg-5485	149	32	there	there	PRON
fueconorg-5485	149	33	the	the	DET
fueconorg-5485	149	34	null	null	NOUN
fueconorg-5485	149	35	is	be	AUX
fueconorg-5485	149	36	rejected	reject	VERB
fueconorg-5485	149	37	,	,	PUNCT
fueconorg-5485	149	38	then	then	ADV
fueconorg-5485	149	39	other	other	ADJ
fueconorg-5485	149	40	two	two	NUM
fueconorg-5485	149	41	models	model	NOUN
fueconorg-5485	149	42	are	be	AUX
fueconorg-5485	149	43	tested	test	VERB
fueconorg-5485	149	44	.	.	PUNCT
fueconorg-5485	150	1	the	the	DET
fueconorg-5485	150	2	results	result	NOUN
fueconorg-5485	150	3	of	of	ADP
fueconorg-5485	150	4	the	the	DET
fueconorg-5485	150	5	zivot	zivot	PROPN
fueconorg-5485	150	6	-	-	PUNCT
fueconorg-5485	150	7	andrews	andrews	PROPN
fueconorg-5485	150	8	unit	unit	NOUN
fueconorg-5485	150	9	root	root	PROPN
fueconorg-5485	150	10	test	test	NOUN
fueconorg-5485	150	11	indicate	indicate	VERB
fueconorg-5485	150	12	that	that	DET
fueconorg-5485	150	13	nominal	nominal	ADJ
fueconorg-5485	150	14	exchange	exchange	NOUN
fueconorg-5485	150	15	rate	rate	NOUN
fueconorg-5485	150	16	,	,	PUNCT
fueconorg-5485	150	17	real	real	ADJ
fueconorg-5485	150	18	exchange	exchange	NOUN
fueconorg-5485	150	19	rate	rate	NOUN
fueconorg-5485	150	20	and	and	CCONJ
fueconorg-5485	150	21	foreign	foreign	ADJ
fueconorg-5485	150	22	exchange	exchange	NOUN
fueconorg-5485	150	23	reserves	reserve	NOUN
fueconorg-5485	150	24	show	show	VERB
fueconorg-5485	150	25	that	that	SCONJ
fueconorg-5485	150	26	the	the	DET
fueconorg-5485	150	27	estimated	estimate	VERB
fueconorg-5485	150	28	break	break	NOUN
fueconorg-5485	150	29	occurred	occur	VERB
fueconorg-5485	150	30	in	in	ADP
fueconorg-5485	150	31	the	the	DET
fueconorg-5485	150	32	february	february	PROPN
fueconorg-5485	150	33	2012	2012	NUM
fueconorg-5485	150	34	,	,	PUNCT
fueconorg-5485	150	35	december	december	PROPN
fueconorg-5485	150	36	2008	2008	NUM
fueconorg-5485	150	37	and	and	CCONJ
fueconorg-5485	150	38	may	may	PROPN
fueconorg-5485	150	39	2009	2009	NUM
fueconorg-5485	150	40	,	,	PUNCT
fueconorg-5485	150	41	respectively	respectively	ADV
fueconorg-5485	150	42	,	,	PUNCT
fueconorg-5485	150	43	which	which	PRON
fueconorg-5485	150	44	is	be	AUX
fueconorg-5485	150	45	consistent	consistent	ADJ
fueconorg-5485	150	46	with	with	ADP
fueconorg-5485	150	47	the	the	DET
fueconorg-5485	150	48	stated	state	VERB
fueconorg-5485	150	49	assumption	assumption	NOUN
fueconorg-5485	150	50	.	.	PUNCT
fueconorg-5485	151	1	this	this	PRON
fueconorg-5485	151	2	is	be	AUX
fueconorg-5485	151	3	also	also	ADV
fueconorg-5485	151	4	consistent	consistent	ADJ
fueconorg-5485	151	5	with	with	ADP
fueconorg-5485	151	6	the	the	DET
fueconorg-5485	151	7	assumption	assumption	NOUN
fueconorg-5485	151	8	that	that	SCONJ
fueconorg-5485	151	9	the	the	DET
fueconorg-5485	151	10	structural	structural	ADJ
fueconorg-5485	151	11	breaks	break	NOUN
fueconorg-5485	151	12	occur	occur	VERB
fueconorg-5485	151	13	due	due	ADJ
fueconorg-5485	151	14	to	to	ADP
fueconorg-5485	151	15	political	political	ADJ
fueconorg-5485	151	16	or	or	CCONJ
fueconorg-5485	151	17	economic	economic	ADJ
fueconorg-5485	151	18	factors	factor	NOUN
fueconorg-5485	151	19	related	relate	VERB
fueconorg-5485	151	20	to	to	ADP
fueconorg-5485	151	21	the	the	DET
fueconorg-5485	151	22	specific	specific	ADJ
fueconorg-5485	151	23	country	country	NOUN
fueconorg-5485	151	24	.	.	PUNCT
fueconorg-5485	152	1	table	table	NOUN
fueconorg-5485	152	2	2	2	NUM
fueconorg-5485	152	3	zivot	zivot	PROPN
fueconorg-5485	152	4	-	-	PUNCT
fueconorg-5485	152	5	andrews	andrews	PROPN
fueconorg-5485	152	6	unit	unit	NOUN
fueconorg-5485	152	7	root	root	PROPN
fueconorg-5485	152	8	test	test	NOUN
fueconorg-5485	152	9	nominal	nominal	PROPN
fueconorg-5485	152	10	exchange	exchange	NOUN
fueconorg-5485	152	11	rate	rate	NOUN
fueconorg-5485	152	12	real	real	ADJ
fueconorg-5485	152	13	exchange	exchange	NOUN
fueconorg-5485	152	14	rate	rate	NOUN
fueconorg-5485	152	15	foreign	foreign	ADJ
fueconorg-5485	152	16	exchange	exchange	NOUN
fueconorg-5485	152	17	reserves	reserve	NOUN
fueconorg-5485	152	18	break	break	VERB
fueconorg-5485	152	19	point	point	NOUN
fueconorg-5485	152	20	2012m2	2012m2	NUM
fueconorg-5485	153	1	2008m12	2008m12	NUM
fueconorg-5485	153	2	2009m5	2009m5	NUM
fueconorg-5485	153	3	minimum	minimum	NOUN
fueconorg-5485	153	4	t	t	PROPN
fueconorg-5485	153	5	-	-	PUNCT
fueconorg-5485	153	6	statistic	statistic	NOUN
fueconorg-5485	153	7	-4.150	-4.150	X
fueconorg-5485	153	8	-4.639	-4.639	PROPN
fueconorg-5485	153	9	-4.768	-4.768	NUM
fueconorg-5485	153	10	lags	lag	VERB
fueconorg-5485	153	11	3	3	NUM
fueconorg-5485	153	12	3	3	NUM
fueconorg-5485	153	13	3	3	NUM
fueconorg-5485	153	14	source	source	NOUN
fueconorg-5485	153	15	:	:	PUNCT
fueconorg-5485	153	16	authors	author	NOUN
fueconorg-5485	153	17	’	’	PART
fueconorg-5485	153	18	calculation	calculation	NOUN
fueconorg-5485	153	19	note	note	NOUN
fueconorg-5485	153	20	:	:	PUNCT
fueconorg-5485	153	21	optimal	optimal	ADJ
fueconorg-5485	153	22	number	number	NOUN
fueconorg-5485	153	23	of	of	ADP
fueconorg-5485	153	24	lags	lag	NOUN
fueconorg-5485	153	25	obtained	obtain	VERB
fueconorg-5485	153	26	based	base	VERB
fueconorg-5485	153	27	on	on	ADP
fueconorg-5485	153	28	aic	aic	PROPN
fueconorg-5485	153	29	;	;	PUNCT
fueconorg-5485	153	30	critical	critical	ADJ
fueconorg-5485	153	31	values	value	NOUN
fueconorg-5485	153	32	are	be	AUX
fueconorg-5485	153	33	:	:	PUNCT
fueconorg-5485	153	34	1	1	NUM
fueconorg-5485	153	35	%	%	NOUN
fueconorg-5485	153	36	:	:	PUNCT
fueconorg-5485	154	1	-5.57	-5.57	ADJ
fueconorg-5485	154	2	,	,	PUNCT
fueconorg-5485	154	3	5	5	NUM
fueconorg-5485	154	4	%	%	NOUN
fueconorg-5485	154	5	:	:	PUNCT
fueconorg-5485	154	6	-5.08	-5.08	NOUN
fueconorg-5485	154	7	,	,	PUNCT
fueconorg-5485	154	8	10	10	NUM
fueconorg-5485	154	9	%	%	NOUN
fueconorg-5485	154	10	:	:	PUNCT
fueconorg-5485	154	11	-4.82	-4.82	ADJ
fueconorg-5485	154	12	the	the	DET
fueconorg-5485	154	13	structural	structural	ADJ
fueconorg-5485	154	14	breaks	break	NOUN
fueconorg-5485	154	15	detected	detect	VERB
fueconorg-5485	154	16	in	in	ADP
fueconorg-5485	154	17	the	the	DET
fueconorg-5485	154	18	december	december	PROPN
fueconorg-5485	154	19	2008	2008	NUM
fueconorg-5485	154	20	and	and	CCONJ
fueconorg-5485	154	21	may	may	AUX
fueconorg-5485	154	22	2009	2009	NUM
fueconorg-5485	154	23	were	be	AUX
fueconorg-5485	154	24	caused	cause	VERB
fueconorg-5485	154	25	by	by	ADP
fueconorg-5485	154	26	instability	instability	NOUN
fueconorg-5485	154	27	due	due	ADP
fueconorg-5485	154	28	to	to	ADP
fueconorg-5485	154	29	the	the	DET
fueconorg-5485	154	30	effects	effect	NOUN
fueconorg-5485	154	31	of	of	ADP
fueconorg-5485	154	32	the	the	DET
fueconorg-5485	154	33	global	global	ADJ
fueconorg-5485	154	34	economic	economic	ADJ
fueconorg-5485	154	35	and	and	CCONJ
fueconorg-5485	154	36	financial	financial	ADJ
fueconorg-5485	154	37	crisis	crisis	NOUN
fueconorg-5485	154	38	.	.	PUNCT
fueconorg-5485	155	1	firstly	firstly	ADV
fueconorg-5485	155	2	,	,	PUNCT
fueconorg-5485	155	3	the	the	DET
fueconorg-5485	155	4	negative	negative	ADJ
fueconorg-5485	155	5	effects	effect	NOUN
fueconorg-5485	155	6	of	of	ADP
fueconorg-5485	155	7	the	the	DET
fueconorg-5485	155	8	crisis	crisis	NOUN
fueconorg-5485	155	9	were	be	AUX
fueconorg-5485	155	10	transferred	transfer	VERB
fueconorg-5485	155	11	from	from	ADP
fueconorg-5485	155	12	abroad	abroad	ADV
fueconorg-5485	155	13	which	which	PRON
fueconorg-5485	155	14	has	have	AUX
fueconorg-5485	155	15	resulted	result	VERB
fueconorg-5485	155	16	in	in	ADP
fueconorg-5485	155	17	the	the	DET
fueconorg-5485	155	18	occurrence	occurrence	NOUN
fueconorg-5485	155	19	of	of	ADP
fueconorg-5485	155	20	deflation	deflation	NOUN
fueconorg-5485	155	21	,	,	PUNCT
fueconorg-5485	155	22	leading	lead	VERB
fueconorg-5485	155	23	to	to	ADP
fueconorg-5485	155	24	an	an	DET
fueconorg-5485	155	25	increase	increase	NOUN
fueconorg-5485	155	26	in	in	ADP
fueconorg-5485	155	27	the	the	DET
fueconorg-5485	155	28	real	real	ADJ
fueconorg-5485	155	29	exchange	exchange	NOUN
fueconorg-5485	155	30	rate	rate	NOUN
fueconorg-5485	155	31	.	.	PUNCT
fueconorg-5485	156	1	secondly	secondly	ADV
fueconorg-5485	156	2	,	,	PUNCT
fueconorg-5485	156	3	after	after	ADP
fueconorg-5485	156	4	several	several	ADJ
fueconorg-5485	156	5	months	month	NOUN
fueconorg-5485	156	6	452	452	NUM
fueconorg-5485	156	7	i.	i.	NOUN
fueconorg-5485	156	8	marjanović	marjanović	NOUN
fueconorg-5485	156	9	,	,	PUNCT
fueconorg-5485	156	10	m.	m.	NOUN
fueconorg-5485	156	11	marković	marković	VERB
fueconorg-5485	156	12	the	the	DET
fueconorg-5485	156	13	recovery	recovery	NOUN
fueconorg-5485	156	14	started	start	VERB
fueconorg-5485	156	15	in	in	ADP
fueconorg-5485	156	16	terms	term	NOUN
fueconorg-5485	156	17	of	of	ADP
fueconorg-5485	156	18	transferring	transfer	VERB
fueconorg-5485	156	19	positive	positive	ADJ
fueconorg-5485	156	20	effects	effect	NOUN
fueconorg-5485	156	21	from	from	ADP
fueconorg-5485	156	22	abroad	abroad	ADV
fueconorg-5485	156	23	,	,	PUNCT
fueconorg-5485	156	24	which	which	PRON
fueconorg-5485	156	25	improved	improve	VERB
fueconorg-5485	156	26	the	the	DET
fueconorg-5485	156	27	current	current	ADJ
fueconorg-5485	156	28	account	account	NOUN
fueconorg-5485	156	29	balance	balance	NOUN
fueconorg-5485	156	30	and	and	CCONJ
fueconorg-5485	156	31	suddenly	suddenly	ADV
fueconorg-5485	156	32	increased	increase	VERB
fueconorg-5485	156	33	foreign	foreign	ADJ
fueconorg-5485	156	34	exchange	exchange	NOUN
fueconorg-5485	156	35	reserves	reserve	NOUN
fueconorg-5485	156	36	.	.	PUNCT
fueconorg-5485	157	1	the	the	DET
fueconorg-5485	157	2	structural	structural	ADJ
fueconorg-5485	157	3	break	break	NOUN
fueconorg-5485	157	4	in	in	ADP
fueconorg-5485	157	5	february	february	PROPN
fueconorg-5485	157	6	2012	2012	NUM
fueconorg-5485	157	7	had	have	VERB
fueconorg-5485	157	8	a	a	DET
fueconorg-5485	157	9	different	different	ADJ
fueconorg-5485	157	10	character	character	NOUN
fueconorg-5485	157	11	and	and	CCONJ
fueconorg-5485	157	12	was	be	AUX
fueconorg-5485	157	13	caused	cause	VERB
fueconorg-5485	157	14	by	by	ADP
fueconorg-5485	157	15	internal	internal	ADJ
fueconorg-5485	157	16	economic	economic	ADJ
fueconorg-5485	157	17	problems	problem	NOUN
fueconorg-5485	157	18	(	(	PUNCT
fueconorg-5485	157	19	first	first	ADV
fueconorg-5485	157	20	of	of	ADP
fueconorg-5485	157	21	all	all	PRON
fueconorg-5485	157	22	,	,	PUNCT
fueconorg-5485	157	23	inflation	inflation	NOUN
fueconorg-5485	157	24	)	)	PUNCT
fueconorg-5485	157	25	.	.	PUNCT
fueconorg-5485	158	1	since	since	SCONJ
fueconorg-5485	158	2	the	the	DET
fueconorg-5485	158	3	unit	unit	NOUN
fueconorg-5485	158	4	root	root	NOUN
fueconorg-5485	158	5	test	test	NOUN
fueconorg-5485	158	6	have	have	AUX
fueconorg-5485	158	7	revealed	reveal	VERB
fueconorg-5485	158	8	that	that	SCONJ
fueconorg-5485	158	9	all	all	DET
fueconorg-5485	158	10	analysed	analyse	VERB
fueconorg-5485	158	11	time	time	NOUN
fueconorg-5485	158	12	series	series	NOUN
fueconorg-5485	158	13	are	be	AUX
fueconorg-5485	158	14	i	i	PRON
fueconorg-5485	158	15	(	(	PUNCT
fueconorg-5485	158	16	1	1	NUM
fueconorg-5485	158	17	)	)	PUNCT
fueconorg-5485	158	18	,	,	PUNCT
fueconorg-5485	158	19	it	it	PRON
fueconorg-5485	158	20	is	be	AUX
fueconorg-5485	158	21	necessary	necessary	ADJ
fueconorg-5485	158	22	to	to	PART
fueconorg-5485	158	23	perform	perform	VERB
fueconorg-5485	158	24	further	further	ADJ
fueconorg-5485	158	25	analysis	analysis	NOUN
fueconorg-5485	158	26	in	in	ADP
fueconorg-5485	158	27	terms	term	NOUN
fueconorg-5485	158	28	of	of	ADP
fueconorg-5485	158	29	cointegration	cointegration	NOUN
fueconorg-5485	158	30	testing	testing	NOUN
fueconorg-5485	158	31	.	.	PUNCT
fueconorg-5485	159	1	the	the	DET
fueconorg-5485	159	2	cointegration	cointegration	NOUN
fueconorg-5485	159	3	testing	testing	NOUN
fueconorg-5485	159	4	will	will	AUX
fueconorg-5485	159	5	be	be	AUX
fueconorg-5485	159	6	conducted	conduct	VERB
fueconorg-5485	159	7	in	in	ADP
fueconorg-5485	159	8	two	two	NUM
fueconorg-5485	159	9	steps	step	NOUN
fueconorg-5485	159	10	.	.	PUNCT
fueconorg-5485	160	1	in	in	ADP
fueconorg-5485	160	2	the	the	DET
fueconorg-5485	160	3	first	first	ADJ
fueconorg-5485	160	4	step	step	NOUN
fueconorg-5485	160	5	conventional	conventional	ADJ
fueconorg-5485	160	6	engle	engle	NOUN
fueconorg-5485	160	7	-	-	PUNCT
fueconorg-5485	160	8	granger	granger	PROPN
fueconorg-5485	160	9	cointegration	cointegration	PROPN
fueconorg-5485	160	10	test	test	NOUN
fueconorg-5485	160	11	(	(	PUNCT
fueconorg-5485	160	12	engle	engle	PROPN
fueconorg-5485	160	13	&	&	CCONJ
fueconorg-5485	160	14	granger	granger	PROPN
fueconorg-5485	160	15	,	,	PUNCT
fueconorg-5485	160	16	1987	1987	NUM
fueconorg-5485	160	17	)	)	PUNCT
fueconorg-5485	160	18	will	will	AUX
fueconorg-5485	160	19	be	be	AUX
fueconorg-5485	160	20	applied	apply	VERB
fueconorg-5485	160	21	which	which	PRON
fueconorg-5485	160	22	does	do	AUX
fueconorg-5485	160	23	not	not	PART
fueconorg-5485	160	24	take	take	VERB
fueconorg-5485	160	25	into	into	ADP
fueconorg-5485	160	26	account	account	NOUN
fueconorg-5485	160	27	structural	structural	ADJ
fueconorg-5485	160	28	break	break	NOUN
fueconorg-5485	160	29	.	.	PUNCT
fueconorg-5485	161	1	the	the	DET
fueconorg-5485	161	2	obtained	obtain	VERB
fueconorg-5485	161	3	results	result	NOUN
fueconorg-5485	161	4	are	be	AUX
fueconorg-5485	161	5	presented	present	VERB
fueconorg-5485	161	6	in	in	ADP
fueconorg-5485	161	7	table	table	NOUN
fueconorg-5485	161	8	3	3	NUM
fueconorg-5485	161	9	and	and	CCONJ
fueconorg-5485	161	10	indicate	indicate	VERB
fueconorg-5485	161	11	that	that	SCONJ
fueconorg-5485	161	12	the	the	DET
fueconorg-5485	161	13	null	null	ADJ
fueconorg-5485	161	14	hypothesis	hypothesis	NOUN
fueconorg-5485	161	15	of	of	ADP
fueconorg-5485	161	16	no	no	DET
fueconorg-5485	161	17	cointegration	cointegration	NOUN
fueconorg-5485	161	18	can	can	AUX
fueconorg-5485	161	19	not	not	PART
fueconorg-5485	161	20	be	be	AUX
fueconorg-5485	161	21	rejected	reject	VERB
fueconorg-5485	161	22	at	at	ADP
fueconorg-5485	161	23	the	the	DET
fueconorg-5485	161	24	1	1	NUM
fueconorg-5485	161	25	%	%	NOUN
fueconorg-5485	161	26	level	level	NOUN
fueconorg-5485	161	27	.	.	PUNCT
fueconorg-5485	162	1	therefore	therefore	ADV
fueconorg-5485	162	2	,	,	PUNCT
fueconorg-5485	162	3	analysed	analyse	VERB
fueconorg-5485	162	4	time	time	NOUN
fueconorg-5485	162	5	series	series	NOUN
fueconorg-5485	162	6	in	in	ADP
fueconorg-5485	162	7	all	all	DET
fueconorg-5485	162	8	models	model	NOUN
fueconorg-5485	162	9	are	be	AUX
fueconorg-5485	162	10	not	not	PART
fueconorg-5485	162	11	cointegrated	cointegrate	VERB
fueconorg-5485	162	12	.	.	PUNCT
fueconorg-5485	163	1	table	table	NOUN
fueconorg-5485	163	2	3	3	NUM
fueconorg-5485	163	3	engle	engle	NOUN
fueconorg-5485	163	4	–	–	PUNCT
fueconorg-5485	163	5	granger	granger	NOUN
fueconorg-5485	163	6	cointegration	cointegration	NOUN
fueconorg-5485	163	7	test	test	NOUN
fueconorg-5485	163	8	models	model	NOUN
fueconorg-5485	163	9	adf	adf	PROPN
fueconorg-5485	163	10	lags	lag	VERB
fueconorg-5485	163	11	fer=+ner+	fer=+ner+	PROPN
fueconorg-5485	163	12	-3.963	-3.963	NUM
fueconorg-5485	163	13	3	3	NUM
fueconorg-5485	164	1	ner=+fer+	ner=+fer+	ADJ
fueconorg-5485	164	2	-3.383	-3.383	PUNCT
fueconorg-5485	164	3	3	3	NUM
fueconorg-5485	164	4	fer=+rer+	fer=+rer+	ADJ
fueconorg-5485	164	5	-2.206	-2.206	PUNCT
fueconorg-5485	164	6	3	3	NUM
fueconorg-5485	164	7	rer=+fer+	rer=+fer+	ADJ
fueconorg-5485	164	8	-3.745	-3.745	NOUN
fueconorg-5485	164	9	3	3	NUM
fueconorg-5485	164	10	source	source	NOUN
fueconorg-5485	164	11	:	:	PUNCT
fueconorg-5485	164	12	authors	author	NOUN
fueconorg-5485	164	13	’	’	PART
fueconorg-5485	164	14	calculation	calculation	NOUN
fueconorg-5485	164	15	note	note	NOUN
fueconorg-5485	164	16	:	:	PUNCT
fueconorg-5485	164	17	critical	critical	ADJ
fueconorg-5485	164	18	values	value	NOUN
fueconorg-5485	164	19	are	be	AUX
fueconorg-5485	164	20	:	:	PUNCT
fueconorg-5485	164	21	-3.970	-3.970	X
fueconorg-5485	164	22	(	(	PUNCT
fueconorg-5485	164	23	99	99	NUM
fueconorg-5485	164	24	%	%	NOUN
fueconorg-5485	164	25	)	)	PUNCT
fueconorg-5485	164	26	,	,	PUNCT
fueconorg-5485	164	27	-3.377	-3.377	CCONJ
fueconorg-5485	164	28	(	(	PUNCT
fueconorg-5485	164	29	95	95	NUM
fueconorg-5485	164	30	%	%	NOUN
fueconorg-5485	164	31	)	)	PUNCT
fueconorg-5485	164	32	,	,	PUNCT
fueconorg-5485	164	33	-3.073	-3.073	PUNCT
fueconorg-5485	164	34	(	(	PUNCT
fueconorg-5485	164	35	90	90	NUM
fueconorg-5485	164	36	%	%	NOUN
fueconorg-5485	164	37	)	)	PUNCT
fueconorg-5485	164	38	kasman	kasman	NOUN
fueconorg-5485	164	39	and	and	CCONJ
fueconorg-5485	164	40	ayhan	ayhan	PROPN
fueconorg-5485	164	41	(	(	PUNCT
fueconorg-5485	164	42	2008	2008	NUM
fueconorg-5485	164	43	)	)	PUNCT
fueconorg-5485	164	44	state	state	NOUN
fueconorg-5485	164	45	that	that	SCONJ
fueconorg-5485	164	46	in	in	ADP
fueconorg-5485	164	47	the	the	DET
fueconorg-5485	164	48	situation	situation	NOUN
fueconorg-5485	164	49	when	when	SCONJ
fueconorg-5485	164	50	conventional	conventional	ADJ
fueconorg-5485	164	51	cointegration	cointegration	NOUN
fueconorg-5485	164	52	tests	test	NOUN
fueconorg-5485	164	53	fail	fail	VERB
fueconorg-5485	164	54	to	to	PART
fueconorg-5485	164	55	reject	reject	VERB
fueconorg-5485	164	56	the	the	DET
fueconorg-5485	164	57	null	null	ADJ
fueconorg-5485	164	58	hypothesis	hypothesis	NOUN
fueconorg-5485	164	59	of	of	ADP
fueconorg-5485	164	60	no	no	DET
fueconorg-5485	164	61	cointegration	cointegration	NOUN
fueconorg-5485	164	62	and	and	CCONJ
fueconorg-5485	164	63	gregory	gregory	PROPN
fueconorg-5485	164	64	-	-	PUNCT
fueconorg-5485	164	65	hansen	hansen	PROPN
fueconorg-5485	164	66	procedure	procedure	NOUN
fueconorg-5485	164	67	rejects	reject	VERB
fueconorg-5485	164	68	the	the	DET
fueconorg-5485	164	69	null	null	NOUN
fueconorg-5485	164	70	,	,	PUNCT
fueconorg-5485	164	71	it	it	PRON
fueconorg-5485	164	72	indicates	indicate	VERB
fueconorg-5485	164	73	the	the	DET
fueconorg-5485	164	74	presence	presence	NOUN
fueconorg-5485	164	75	of	of	ADP
fueconorg-5485	164	76	the	the	DET
fueconorg-5485	164	77	structural	structural	ADJ
fueconorg-5485	164	78	shift	shift	NOUN
fueconorg-5485	164	79	in	in	ADP
fueconorg-5485	164	80	the	the	DET
fueconorg-5485	164	81	long	long	ADV
fueconorg-5485	164	82	-	-	PUNCT
fueconorg-5485	164	83	run	run	VERB
fueconorg-5485	164	84	co	co	NOUN
fueconorg-5485	164	85	-	-	NOUN
fueconorg-5485	164	86	movements	movement	NOUN
fueconorg-5485	164	87	between	between	ADP
fueconorg-5485	164	88	analysed	analyse	VERB
fueconorg-5485	164	89	time	time	NOUN
fueconorg-5485	164	90	series	series	NOUN
fueconorg-5485	164	91	.	.	PUNCT
fueconorg-5485	165	1	therefore	therefore	ADV
fueconorg-5485	165	2	,	,	PUNCT
fueconorg-5485	165	3	in	in	ADP
fueconorg-5485	165	4	the	the	DET
fueconorg-5485	165	5	second	second	ADJ
fueconorg-5485	165	6	step	step	NOUN
fueconorg-5485	165	7	,	,	PUNCT
fueconorg-5485	165	8	a	a	DET
fueconorg-5485	165	9	gregory	gregory	PROPN
fueconorg-5485	165	10	-	-	PUNCT
fueconorg-5485	165	11	hansen	hansen	PROPN
fueconorg-5485	165	12	test	test	PROPN
fueconorg-5485	165	13	was	be	AUX
fueconorg-5485	165	14	applied	apply	VERB
fueconorg-5485	165	15	in	in	ADP
fueconorg-5485	165	16	order	order	NOUN
fueconorg-5485	165	17	to	to	PART
fueconorg-5485	165	18	consider	consider	VERB
fueconorg-5485	165	19	possible	possible	ADJ
fueconorg-5485	165	20	structural	structural	ADJ
fueconorg-5485	165	21	shift	shift	NOUN
fueconorg-5485	165	22	during	during	ADP
fueconorg-5485	165	23	examination	examination	NOUN
fueconorg-5485	165	24	of	of	ADP
fueconorg-5485	165	25	the	the	DET
fueconorg-5485	165	26	cointegration	cointegration	NOUN
fueconorg-5485	165	27	existence	existence	NOUN
fueconorg-5485	165	28	(	(	PUNCT
fueconorg-5485	165	29	gregory	gregory	PROPN
fueconorg-5485	165	30	&	&	CCONJ
fueconorg-5485	165	31	hansen	hansen	PROPN
fueconorg-5485	165	32	,	,	PUNCT
fueconorg-5485	165	33	1996	1996	NUM
fueconorg-5485	165	34	)	)	PUNCT
fueconorg-5485	165	35	.	.	PUNCT
fueconorg-5485	166	1	the	the	DET
fueconorg-5485	166	2	results	result	NOUN
fueconorg-5485	166	3	are	be	AUX
fueconorg-5485	166	4	presented	present	VERB
fueconorg-5485	166	5	in	in	ADP
fueconorg-5485	166	6	the	the	DET
fueconorg-5485	166	7	table	table	NOUN
fueconorg-5485	166	8	4	4	NUM
fueconorg-5485	166	9	.	.	PUNCT
fueconorg-5485	167	1	first	first	ADJ
fueconorg-5485	167	2	panel	panel	NOUN
fueconorg-5485	167	3	examines	examine	VERB
fueconorg-5485	167	4	the	the	DET
fueconorg-5485	167	5	relationship	relationship	NOUN
fueconorg-5485	167	6	between	between	ADP
fueconorg-5485	167	7	foreign	foreign	ADJ
fueconorg-5485	167	8	exchange	exchange	NOUN
fueconorg-5485	167	9	reserves	reserve	NOUN
fueconorg-5485	167	10	and	and	CCONJ
fueconorg-5485	167	11	nominal	nominal	ADJ
fueconorg-5485	167	12	exchange	exchange	NOUN
fueconorg-5485	167	13	rate	rate	NOUN
fueconorg-5485	167	14	,	,	PUNCT
fueconorg-5485	167	15	where	where	SCONJ
fueconorg-5485	167	16	foreign	foreign	ADJ
fueconorg-5485	167	17	exchange	exchange	NOUN
fueconorg-5485	167	18	reserves	reserve	NOUN
fueconorg-5485	167	19	represent	represent	VERB
fueconorg-5485	167	20	dependent	dependent	ADJ
fueconorg-5485	167	21	variable	variable	NOUN
fueconorg-5485	167	22	.	.	PUNCT
fueconorg-5485	168	1	the	the	DET
fueconorg-5485	168	2	first	first	ADJ
fueconorg-5485	168	3	and	and	CCONJ
fueconorg-5485	168	4	the	the	DET
fueconorg-5485	168	5	second	second	ADJ
fueconorg-5485	168	6	model	model	NOUN
fueconorg-5485	168	7	detect	detect	VERB
fueconorg-5485	168	8	the	the	DET
fueconorg-5485	168	9	presence	presence	NOUN
fueconorg-5485	168	10	of	of	ADP
fueconorg-5485	168	11	cointegration	cointegration	NOUN
fueconorg-5485	168	12	,	,	PUNCT
fueconorg-5485	168	13	which	which	PRON
fueconorg-5485	168	14	is	be	AUX
fueconorg-5485	168	15	not	not	PART
fueconorg-5485	168	16	discovered	discover	VERB
fueconorg-5485	168	17	by	by	ADP
fueconorg-5485	168	18	the	the	DET
fueconorg-5485	168	19	conventional	conventional	ADJ
fueconorg-5485	168	20	cointegration	cointegration	NOUN
fueconorg-5485	168	21	test	test	NOUN
fueconorg-5485	168	22	.	.	PUNCT
fueconorg-5485	169	1	second	second	ADJ
fueconorg-5485	169	2	panel	panel	NOUN
fueconorg-5485	169	3	investigates	investigate	VERB
fueconorg-5485	169	4	the	the	DET
fueconorg-5485	169	5	relationship	relationship	NOUN
fueconorg-5485	169	6	between	between	ADP
fueconorg-5485	169	7	nominal	nominal	ADJ
fueconorg-5485	169	8	exchange	exchange	NOUN
fueconorg-5485	169	9	rate	rate	NOUN
fueconorg-5485	169	10	and	and	CCONJ
fueconorg-5485	169	11	foreign	foreign	ADJ
fueconorg-5485	169	12	exchange	exchange	NOUN
fueconorg-5485	169	13	reserves	reserve	NOUN
fueconorg-5485	169	14	,	,	PUNCT
fueconorg-5485	169	15	where	where	SCONJ
fueconorg-5485	169	16	the	the	DET
fueconorg-5485	169	17	nominal	nominal	ADJ
fueconorg-5485	169	18	exchange	exchange	NOUN
fueconorg-5485	169	19	rate	rate	NOUN
fueconorg-5485	169	20	is	be	AUX
fueconorg-5485	169	21	the	the	DET
fueconorg-5485	169	22	dependent	dependent	ADJ
fueconorg-5485	169	23	variable	variable	NOUN
fueconorg-5485	169	24	.	.	PUNCT
fueconorg-5485	170	1	the	the	DET
fueconorg-5485	170	2	test	test	NOUN
fueconorg-5485	170	3	results	result	NOUN
fueconorg-5485	170	4	of	of	ADP
fueconorg-5485	170	5	the	the	DET
fueconorg-5485	170	6	model	model	NOUN
fueconorg-5485	170	7	that	that	PRON
fueconorg-5485	170	8	allows	allow	VERB
fueconorg-5485	170	9	for	for	ADP
fueconorg-5485	170	10	regime	regime	NOUN
fueconorg-5485	170	11	switch	switch	NOUN
fueconorg-5485	170	12	do	do	AUX
fueconorg-5485	170	13	not	not	PART
fueconorg-5485	170	14	support	support	VERB
fueconorg-5485	170	15	the	the	DET
fueconorg-5485	170	16	results	result	NOUN
fueconorg-5485	170	17	obtained	obtain	VERB
fueconorg-5485	170	18	by	by	ADP
fueconorg-5485	170	19	conventional	conventional	ADJ
fueconorg-5485	170	20	cointegration	cointegration	NOUN
fueconorg-5485	170	21	test	test	NOUN
fueconorg-5485	170	22	of	of	ADP
fueconorg-5485	170	23	no	no	DET
fueconorg-5485	170	24	cointegration	cointegration	NOUN
fueconorg-5485	170	25	.	.	PUNCT
fueconorg-5485	171	1	therefore	therefore	ADV
fueconorg-5485	171	2	,	,	PUNCT
fueconorg-5485	171	3	there	there	PRON
fueconorg-5485	171	4	is	be	VERB
fueconorg-5485	171	5	a	a	DET
fueconorg-5485	171	6	long	long	ADV
fueconorg-5485	171	7	-	-	PUNCT
fueconorg-5485	171	8	run	run	NOUN
fueconorg-5485	171	9	relationship	relationship	NOUN
fueconorg-5485	171	10	between	between	ADP
fueconorg-5485	171	11	nominal	nominal	ADJ
fueconorg-5485	171	12	exchange	exchange	NOUN
fueconorg-5485	171	13	rate	rate	NOUN
fueconorg-5485	171	14	and	and	CCONJ
fueconorg-5485	171	15	foreign	foreign	ADJ
fueconorg-5485	171	16	exchange	exchange	NOUN
fueconorg-5485	171	17	reserves	reserve	NOUN
fueconorg-5485	171	18	.	.	PUNCT
fueconorg-5485	172	1	third	third	ADJ
fueconorg-5485	172	2	panel	panel	NOUN
fueconorg-5485	172	3	inspects	inspect	VERB
fueconorg-5485	172	4	the	the	DET
fueconorg-5485	172	5	association	association	NOUN
fueconorg-5485	172	6	between	between	ADP
fueconorg-5485	172	7	foreign	foreign	ADJ
fueconorg-5485	172	8	exchange	exchange	NOUN
fueconorg-5485	172	9	reserves	reserve	NOUN
fueconorg-5485	172	10	and	and	CCONJ
fueconorg-5485	172	11	real	real	ADJ
fueconorg-5485	172	12	exchange	exchange	NOUN
fueconorg-5485	172	13	rate	rate	NOUN
fueconorg-5485	172	14	,	,	PUNCT
fueconorg-5485	172	15	where	where	SCONJ
fueconorg-5485	172	16	foreign	foreign	ADJ
fueconorg-5485	172	17	exchange	exchange	NOUN
fueconorg-5485	172	18	reserves	reserve	NOUN
fueconorg-5485	172	19	represent	represent	VERB
fueconorg-5485	172	20	dependent	dependent	ADJ
fueconorg-5485	172	21	variable	variable	NOUN
fueconorg-5485	172	22	.	.	PUNCT
fueconorg-5485	173	1	the	the	DET
fueconorg-5485	173	2	results	result	NOUN
fueconorg-5485	173	3	indicate	indicate	VERB
fueconorg-5485	173	4	the	the	DET
fueconorg-5485	173	5	existence	existence	NOUN
fueconorg-5485	173	6	of	of	ADP
fueconorg-5485	173	7	a	a	DET
fueconorg-5485	173	8	long	long	ADV
fueconorg-5485	173	9	-	-	PUNCT
fueconorg-5485	173	10	run	run	NOUN
fueconorg-5485	173	11	relationship	relationship	NOUN
fueconorg-5485	173	12	between	between	ADP
fueconorg-5485	173	13	analysed	analyse	VERB
fueconorg-5485	173	14	variables	variable	NOUN
fueconorg-5485	173	15	.	.	PUNCT
fueconorg-5485	174	1	fourth	fourth	ADJ
fueconorg-5485	174	2	panel	panel	NOUN
fueconorg-5485	174	3	inspects	inspect	VERB
fueconorg-5485	174	4	the	the	DET
fueconorg-5485	174	5	association	association	NOUN
fueconorg-5485	174	6	between	between	ADP
fueconorg-5485	174	7	the	the	DET
fueconorg-5485	174	8	real	real	ADJ
fueconorg-5485	174	9	exchange	exchange	NOUN
fueconorg-5485	174	10	rate	rate	NOUN
fueconorg-5485	174	11	and	and	CCONJ
fueconorg-5485	174	12	foreign	foreign	ADJ
fueconorg-5485	174	13	exchange	exchange	NOUN
fueconorg-5485	174	14	reserves	reserve	NOUN
fueconorg-5485	174	15	,	,	PUNCT
fueconorg-5485	174	16	where	where	SCONJ
fueconorg-5485	174	17	the	the	DET
fueconorg-5485	174	18	real	real	ADJ
fueconorg-5485	174	19	exchange	exchange	NOUN
fueconorg-5485	174	20	rate	rate	NOUN
fueconorg-5485	174	21	is	be	AUX
fueconorg-5485	174	22	the	the	DET
fueconorg-5485	174	23	dependent	dependent	ADJ
fueconorg-5485	174	24	variable	variable	NOUN
fueconorg-5485	174	25	.	.	PUNCT
fueconorg-5485	175	1	the	the	DET
fueconorg-5485	175	2	results	result	NOUN
fueconorg-5485	175	3	for	for	ADP
fueconorg-5485	175	4	all	all	DET
fueconorg-5485	175	5	models	model	NOUN
fueconorg-5485	175	6	support	support	VERB
fueconorg-5485	175	7	the	the	DET
fueconorg-5485	175	8	results	result	NOUN
fueconorg-5485	175	9	obtained	obtain	VERB
fueconorg-5485	175	10	by	by	ADP
fueconorg-5485	175	11	the	the	DET
fueconorg-5485	175	12	conventional	conventional	ADJ
fueconorg-5485	175	13	cointegration	cointegration	NOUN
fueconorg-5485	175	14	test	test	NOUN
fueconorg-5485	175	15	of	of	ADP
fueconorg-5485	175	16	no	no	DET
fueconorg-5485	175	17	cointegration	cointegration	NOUN
fueconorg-5485	175	18	.	.	PUNCT
fueconorg-5485	176	1	causality	causality	NOUN
fueconorg-5485	176	2	between	between	ADP
fueconorg-5485	176	3	exchange	exchange	NOUN
fueconorg-5485	176	4	rates	rate	NOUN
fueconorg-5485	176	5	and	and	CCONJ
fueconorg-5485	176	6	foreign	foreign	ADJ
fueconorg-5485	176	7	exchange	exchange	NOUN
fueconorg-5485	176	8	reserves	reserve	NOUN
fueconorg-5485	176	9	:	:	PUNCT
fueconorg-5485	176	10	serbian	serbian	ADJ
fueconorg-5485	176	11	case	case	NOUN
fueconorg-5485	176	12	453	453	NUM
fueconorg-5485	176	13	table	table	NOUN
fueconorg-5485	176	14	4	4	NUM
fueconorg-5485	176	15	gregory	gregory	PROPN
fueconorg-5485	176	16	-	-	PUNCT
fueconorg-5485	176	17	hansen	hansen	PROPN
fueconorg-5485	176	18	cointegration	cointegration	PROPN
fueconorg-5485	176	19	test	test	NOUN
fueconorg-5485	176	20	models	model	NOUN
fueconorg-5485	176	21	adf	adf	PROPN
fueconorg-5485	176	22	bp	bp	PROPN
fueconorg-5485	176	23	zt	zt	PROPN
fueconorg-5485	176	24	bp	bp	PROPN
fueconorg-5485	176	25	z	z	PROPN
fueconorg-5485	176	26	bp	bp	PROPN
fueconorg-5485	176	27	lags	lag	VERB
fueconorg-5485	176	28	panel	panel	NOUN
fueconorg-5485	176	29	a	a	DET
fueconorg-5485	176	30	:	:	PUNCT
fueconorg-5485	176	31	fer=+ner+	fer=+ner+	ADJ
fueconorg-5485	176	32	level	level	NOUN
fueconorg-5485	176	33	-4.50	-4.50	NOUN
fueconorg-5485	176	34	*	*	PUNCT
fueconorg-5485	176	35	*	*	PUNCT
fueconorg-5485	176	36	*	*	PUNCT
fueconorg-5485	176	37	2010m3	2010m3	NUM
fueconorg-5485	176	38	-4.89	-4.89	NOUN
fueconorg-5485	176	39	*	*	NOUN
fueconorg-5485	176	40	*	*	NOUN
fueconorg-5485	176	41	2009m9	2009m9	PROPN
fueconorg-5485	176	42	-36.38	-36.38	NOUN
fueconorg-5485	176	43	*	*	PUNCT
fueconorg-5485	176	44	*	*	PUNCT
fueconorg-5485	176	45	*	*	AUX
fueconorg-5485	176	46	2009m9	2009m9	ADJ
fueconorg-5485	176	47	3	3	NUM
fueconorg-5485	176	48	trend	trend	NOUN
fueconorg-5485	176	49	-5.17	-5.17	NOUN
fueconorg-5485	176	50	*	*	PROPN
fueconorg-5485	176	51	*	*	PROPN
fueconorg-5485	176	52	2009m8	2009m8	NOUN
fueconorg-5485	176	53	-5.56	-5.56	NOUN
fueconorg-5485	176	54	*	*	VERB
fueconorg-5485	176	55	2009m9	2009m9	ADJ
fueconorg-5485	176	56	-44.55	-44.55	NOUN
fueconorg-5485	176	57	*	*	NOUN
fueconorg-5485	176	58	*	*	PUNCT
fueconorg-5485	176	59	*	*	AUX
fueconorg-5485	176	60	2009m9	2009m9	ADJ
fueconorg-5485	176	61	3	3	NUM
fueconorg-5485	176	62	regime	regime	NOUN
fueconorg-5485	176	63	-4.71	-4.71	NOUN
fueconorg-5485	176	64	*	*	NOUN
fueconorg-5485	176	65	*	*	PROPN
fueconorg-5485	176	66	*	*	X
fueconorg-5485	176	67	2014m2	2014m2	NUM
fueconorg-5485	176	68	-4.95	-4.95	NOUN
fueconorg-5485	176	69	*	*	PUNCT
fueconorg-5485	176	70	*	*	PROPN
fueconorg-5485	176	71	*	*	PROPN
fueconorg-5485	176	72	2009m8	2009m8	NOUN
fueconorg-5485	176	73	-37.68	-37.68	PROPN
fueconorg-5485	176	74	2009m8	2009m8	NOUN
fueconorg-5485	176	75	3	3	NUM
fueconorg-5485	176	76	regime	regime	NOUN
fueconorg-5485	176	77	trend	trend	NOUN
fueconorg-5485	176	78	-4.95	-4.95	ADJ
fueconorg-5485	177	1	2009m8	2009m8	NOUN
fueconorg-5485	177	2	-5.25	-5.25	NUM
fueconorg-5485	177	3	2009m9	2009m9	PROPN
fueconorg-5485	177	4	-44.13	-44.13	PROPN
fueconorg-5485	177	5	2009m9	2009m9	NOUN
fueconorg-5485	177	6	0	0	NUM
fueconorg-5485	177	7	panel	panel	NOUN
fueconorg-5485	177	8	b	b	NOUN
fueconorg-5485	177	9	:	:	PUNCT
fueconorg-5485	177	10	ner=+fer+	ner=+fer+	ADJ
fueconorg-5485	177	11	level	level	NOUN
fueconorg-5485	177	12	-4.24	-4.24	NOUN
fueconorg-5485	177	13	2012m11	2012m11	NUM
fueconorg-5485	177	14	-3.32	-3.32	X
fueconorg-5485	177	15	2012m9	2012m9	PROPN
fueconorg-5485	177	16	-17.65	-17.65	SYM
fueconorg-5485	177	17	2012m9	2012m9	ADJ
fueconorg-5485	177	18	3	3	NUM
fueconorg-5485	177	19	trend	trend	NOUN
fueconorg-5485	177	20	-3.86	-3.86	NOUN
fueconorg-5485	177	21	2009m8	2009m8	NOUN
fueconorg-5485	177	22	-3.85	-3.85	NUM
fueconorg-5485	177	23	2009m8	2009m8	NOUN
fueconorg-5485	177	24	-27.74	-27.74	PROPN
fueconorg-5485	178	1	2009m8	2009m8	NOUN
fueconorg-5485	178	2	0	0	NUM
fueconorg-5485	178	3	regime	regime	NOUN
fueconorg-5485	178	4	-4.82	-4.82	VERB
fueconorg-5485	178	5	*	*	PUNCT
fueconorg-5485	178	6	*	*	PUNCT
fueconorg-5485	178	7	*	*	PROPN
fueconorg-5485	178	8	2014m1	2014m1	NUM
fueconorg-5485	178	9	-4.71	-4.71	NUM
fueconorg-5485	178	10	*	*	PUNCT
fueconorg-5485	178	11	*	*	PUNCT
fueconorg-5485	178	12	*	*	PUNCT
fueconorg-5485	178	13	2014m3	2014m3	NUM
fueconorg-5485	178	14	-23.64	-23.64	X
fueconorg-5485	178	15	2014m3	2014m3	NUM
fueconorg-5485	178	16	3	3	NUM
fueconorg-5485	178	17	regime	regime	NOUN
fueconorg-5485	178	18	trend	trend	NOUN
fueconorg-5485	178	19	-4.21	-4.21	VERB
fueconorg-5485	178	20	2017m1	2017m1	SYM
fueconorg-5485	178	21	-3.89	-3.89	NOUN
fueconorg-5485	178	22	2009m9	2009m9	NOUN
fueconorg-5485	179	1	-28.18	-28.18	PUNCT
fueconorg-5485	179	2	2009m9	2009m9	ADJ
fueconorg-5485	179	3	3	3	NUM
fueconorg-5485	179	4	panel	panel	NOUN
fueconorg-5485	179	5	c	c	NOUN
fueconorg-5485	179	6	:	:	PUNCT
fueconorg-5485	179	7	fer=+rer+	fer=+rer+	ADJ
fueconorg-5485	179	8	level	level	NOUN
fueconorg-5485	179	9	-5.03	-5.03	NOUN
fueconorg-5485	179	10	*	*	NOUN
fueconorg-5485	179	11	*	*	PROPN
fueconorg-5485	179	12	2009m8	2009m8	NUM
fueconorg-5485	179	13	-5.36	-5.36	NOUN
fueconorg-5485	179	14	*	*	PUNCT
fueconorg-5485	179	15	2009m9	2009m9	NOUN
fueconorg-5485	179	16	-44.02	-44.02	PUNCT
fueconorg-5485	179	17	*	*	PUNCT
fueconorg-5485	179	18	*	*	PUNCT
fueconorg-5485	179	19	2009m9	2009m9	ADJ
fueconorg-5485	179	20	0	0	NUM
fueconorg-5485	179	21	trend	trend	NOUN
fueconorg-5485	179	22	-4.98	-4.98	NOUN
fueconorg-5485	179	23	*	*	PUNCT
fueconorg-5485	179	24	*	*	PUNCT
fueconorg-5485	179	25	*	*	PUNCT
fueconorg-5485	179	26	2009m8	2009m8	NUM
fueconorg-5485	179	27	-5.34	-5.34	NOUN
fueconorg-5485	179	28	*	*	NOUN
fueconorg-5485	179	29	*	*	PUNCT
fueconorg-5485	179	30	2009m9	2009m9	ADJ
fueconorg-5485	179	31	-43.44	-43.44	NOUN
fueconorg-5485	179	32	*	*	PUNCT
fueconorg-5485	179	33	*	*	PUNCT
fueconorg-5485	179	34	*	*	PUNCT
fueconorg-5485	179	35	2009m9	2009m9	ADJ
fueconorg-5485	179	36	0	0	NUM
fueconorg-5485	179	37	regime	regime	NOUN
fueconorg-5485	179	38	-5.04	-5.04	NOUN
fueconorg-5485	179	39	*	*	PROPN
fueconorg-5485	179	40	*	*	PROPN
fueconorg-5485	179	41	2009m8	2009m8	NUM
fueconorg-5485	179	42	-5.31	-5.31	NUM
fueconorg-5485	179	43	*	*	PUNCT
fueconorg-5485	179	44	*	*	PUNCT
fueconorg-5485	179	45	2009m9	2009m9	ADJ
fueconorg-5485	179	46	-44.71	-44.71	PUNCT
fueconorg-5485	179	47	*	*	PUNCT
fueconorg-5485	179	48	*	*	PUNCT
fueconorg-5485	179	49	*	*	PUNCT
fueconorg-5485	179	50	2009m9	2009m9	ADJ
fueconorg-5485	179	51	0	0	NUM
fueconorg-5485	179	52	regime	regime	NOUN
fueconorg-5485	179	53	trend	trend	NOUN
fueconorg-5485	179	54	-4.93	-4.93	NUM
fueconorg-5485	179	55	2009m8	2009m8	NOUN
fueconorg-5485	179	56	-5.15	-5.15	NUM
fueconorg-5485	179	57	2009m8	2009m8	PROPN
fueconorg-5485	179	58	42.99	42.99	NUM
fueconorg-5485	179	59	2009m8	2009m8	NOUN
fueconorg-5485	179	60	0	0	NUM
fueconorg-5485	180	1	panel	panel	NOUN
fueconorg-5485	181	1	d	d	NOUN
fueconorg-5485	181	2	:	:	PUNCT
fueconorg-5485	181	3	rer=+fer+	rer=+fer+	VERB
fueconorg-5485	181	4	level	level	NOUN
fueconorg-5485	181	5	-4.43	-4.43	NUM
fueconorg-5485	181	6	2009m6	2009m6	NUM
fueconorg-5485	181	7	-3.93	-3.93	NUM
fueconorg-5485	181	8	2009m8	2009m8	NOUN
fueconorg-5485	181	9	-28.23	-28.23	PROPN
fueconorg-5485	181	10	2009m8	2009m8	NOUN
fueconorg-5485	181	11	3	3	NUM
fueconorg-5485	181	12	trend	trend	NOUN
fueconorg-5485	182	1	-4.88	-4.88	NUM
fueconorg-5485	182	2	2009m6	2009m6	NUM
fueconorg-5485	182	3	-4.31	-4.31	NUM
fueconorg-5485	182	4	2009m8	2009m8	NOUN
fueconorg-5485	182	5	-33.17	-33.17	PROPN
fueconorg-5485	182	6	2009m8	2009m8	NOUN
fueconorg-5485	182	7	3	3	NUM
fueconorg-5485	182	8	regime	regime	NOUN
fueconorg-5485	182	9	-4.30	-4.30	VERB
fueconorg-5485	182	10	2017m5	2017m5	NUM
fueconorg-5485	183	1	-3.89	-3.89	NOUN
fueconorg-5485	183	2	2009m8	2009m8	NOUN
fueconorg-5485	183	3	-28.03	-28.03	PROPN
fueconorg-5485	183	4	2009m8	2009m8	NOUN
fueconorg-5485	183	5	3	3	NUM
fueconorg-5485	183	6	regime	regime	NOUN
fueconorg-5485	183	7	trend	trend	NOUN
fueconorg-5485	183	8	-4.97	-4.97	NOUN
fueconorg-5485	183	9	2009m2	2009m2	NUM
fueconorg-5485	183	10	-4.39	-4.39	NUM
fueconorg-5485	183	11	2008m12	2008m12	NUM
fueconorg-5485	183	12	-34.66	-34.66	SYM
fueconorg-5485	183	13	2008m12	2008m12	NUM
fueconorg-5485	183	14	3	3	NUM
fueconorg-5485	183	15	source	source	NOUN
fueconorg-5485	183	16	:	:	PUNCT
fueconorg-5485	183	17	authors	author	NOUN
fueconorg-5485	183	18	’	’	PART
fueconorg-5485	183	19	calculation	calculation	NOUN
fueconorg-5485	183	20	note	note	NOUN
fueconorg-5485	183	21	:	:	PUNCT
fueconorg-5485	183	22	⁎	⁎	NUM
fueconorg-5485	183	23	,	,	PUNCT
fueconorg-5485	183	24	⁎⁎	⁎⁎	PROPN
fueconorg-5485	183	25	and	and	CCONJ
fueconorg-5485	183	26	⁎⁎⁎	⁎⁎⁎	NOUN
fueconorg-5485	183	27	indicate	indicate	VERB
fueconorg-5485	183	28	significance	significance	NOUN
fueconorg-5485	183	29	at	at	ADP
fueconorg-5485	183	30	1	1	NUM
fueconorg-5485	183	31	%	%	NOUN
fueconorg-5485	183	32	,	,	PUNCT
fueconorg-5485	183	33	5	5	NUM
fueconorg-5485	183	34	%	%	NOUN
fueconorg-5485	183	35	and	and	CCONJ
fueconorg-5485	183	36	10	10	NUM
fueconorg-5485	183	37	%	%	NOUN
fueconorg-5485	183	38	,	,	PUNCT
fueconorg-5485	183	39	in	in	ADP
fueconorg-5485	183	40	that	that	DET
fueconorg-5485	183	41	order	order	NOUN
fueconorg-5485	183	42	the	the	DET
fueconorg-5485	183	43	gregory	gregory	PROPN
fueconorg-5485	183	44	-	-	PUNCT
fueconorg-5485	183	45	hansen	hansen	PROPN
fueconorg-5485	183	46	cointegration	cointegration	PROPN
fueconorg-5485	183	47	test	test	NOUN
fueconorg-5485	183	48	results	result	NOUN
fueconorg-5485	183	49	disclose	disclose	VERB
fueconorg-5485	183	50	that	that	SCONJ
fueconorg-5485	183	51	different	different	ADJ
fueconorg-5485	183	52	model	model	NOUN
fueconorg-5485	183	53	assumptions	assumption	NOUN
fueconorg-5485	183	54	reveal	reveal	VERB
fueconorg-5485	183	55	different	different	ADJ
fueconorg-5485	183	56	time	time	NOUN
fueconorg-5485	183	57	points	point	NOUN
fueconorg-5485	183	58	of	of	ADP
fueconorg-5485	183	59	structural	structural	ADJ
fueconorg-5485	183	60	break	break	NOUN
fueconorg-5485	183	61	.	.	PUNCT
fueconorg-5485	184	1	yet	yet	ADV
fueconorg-5485	184	2	,	,	PUNCT
fueconorg-5485	184	3	most	most	ADJ
fueconorg-5485	184	4	of	of	ADP
fueconorg-5485	184	5	the	the	DET
fueconorg-5485	184	6	break	break	NOUN
fueconorg-5485	184	7	points	point	NOUN
fueconorg-5485	184	8	have	have	AUX
fueconorg-5485	184	9	been	be	AUX
fueconorg-5485	184	10	detected	detect	VERB
fueconorg-5485	184	11	in	in	ADP
fueconorg-5485	184	12	the	the	DET
fueconorg-5485	184	13	second	second	ADJ
fueconorg-5485	184	14	half	half	NOUN
fueconorg-5485	184	15	of	of	ADP
fueconorg-5485	184	16	2009	2009	NUM
fueconorg-5485	184	17	.	.	PUNCT
fueconorg-5485	185	1	in	in	ADP
fueconorg-5485	185	2	that	that	DET
fueconorg-5485	185	3	period	period	NOUN
fueconorg-5485	185	4	,	,	PUNCT
fueconorg-5485	185	5	the	the	DET
fueconorg-5485	185	6	basic	basic	ADJ
fueconorg-5485	185	7	macroeconomic	macroeconomic	ADJ
fueconorg-5485	185	8	indicators	indicator	NOUN
fueconorg-5485	185	9	specify	specify	VERB
fueconorg-5485	185	10	the	the	DET
fueconorg-5485	185	11	recovery	recovery	NOUN
fueconorg-5485	185	12	of	of	ADP
fueconorg-5485	185	13	the	the	DET
fueconorg-5485	185	14	republic	republic	NOUN
fueconorg-5485	185	15	of	of	ADP
fueconorg-5485	185	16	serbia	serbia	PROPN
fueconorg-5485	185	17	from	from	ADP
fueconorg-5485	185	18	the	the	DET
fueconorg-5485	185	19	global	global	ADJ
fueconorg-5485	185	20	economic	economic	ADJ
fueconorg-5485	185	21	crisis	crisis	NOUN
fueconorg-5485	185	22	and	and	CCONJ
fueconorg-5485	185	23	transition	transition	NOUN
fueconorg-5485	185	24	into	into	ADP
fueconorg-5485	185	25	a	a	DET
fueconorg-5485	185	26	state	state	NOUN
fueconorg-5485	185	27	of	of	ADP
fueconorg-5485	185	28	macroeconomic	macroeconomic	ADJ
fueconorg-5485	185	29	stability	stability	NOUN
fueconorg-5485	185	30	.	.	PUNCT
fueconorg-5485	186	1	hence	hence	ADV
fueconorg-5485	186	2	,	,	PUNCT
fueconorg-5485	186	3	it	it	PRON
fueconorg-5485	186	4	may	may	AUX
fueconorg-5485	186	5	be	be	AUX
fueconorg-5485	186	6	considered	consider	VERB
fueconorg-5485	186	7	that	that	SCONJ
fueconorg-5485	186	8	the	the	DET
fueconorg-5485	186	9	recovery	recovery	NOUN
fueconorg-5485	186	10	from	from	ADP
fueconorg-5485	186	11	the	the	DET
fueconorg-5485	186	12	global	global	ADJ
fueconorg-5485	186	13	economic	economic	ADJ
fueconorg-5485	186	14	crisis	crisis	NOUN
fueconorg-5485	186	15	made	make	VERB
fueconorg-5485	186	16	the	the	DET
fueconorg-5485	186	17	long	long	ADJ
fueconorg-5485	186	18	-	-	PUNCT
fueconorg-5485	186	19	term	term	NOUN
fueconorg-5485	186	20	mechanism	mechanism	NOUN
fueconorg-5485	186	21	between	between	ADP
fueconorg-5485	186	22	serbian	serbian	ADJ
fueconorg-5485	186	23	foreign	foreign	ADJ
fueconorg-5485	186	24	exchange	exchange	NOUN
fueconorg-5485	186	25	reserves	reserve	NOUN
fueconorg-5485	186	26	and	and	CCONJ
fueconorg-5485	186	27	exchange	exchange	NOUN
fueconorg-5485	186	28	rates	rate	NOUN
fueconorg-5485	186	29	fundamentally	fundamentally	ADV
fueconorg-5485	186	30	change	change	VERB
fueconorg-5485	186	31	.	.	PUNCT
fueconorg-5485	187	1	in	in	ADP
fueconorg-5485	187	2	order	order	NOUN
fueconorg-5485	187	3	to	to	PART
fueconorg-5485	187	4	determine	determine	VERB
fueconorg-5485	187	5	the	the	DET
fueconorg-5485	187	6	causality	causality	NOUN
fueconorg-5485	187	7	in	in	ADP
fueconorg-5485	187	8	the	the	DET
fueconorg-5485	187	9	presence	presence	NOUN
fueconorg-5485	187	10	of	of	ADP
fueconorg-5485	187	11	cointegration	cointegration	NOUN
fueconorg-5485	187	12	,	,	PUNCT
fueconorg-5485	187	13	it	it	PRON
fueconorg-5485	187	14	is	be	AUX
fueconorg-5485	187	15	necessary	necessary	ADJ
fueconorg-5485	187	16	to	to	PART
fueconorg-5485	187	17	apply	apply	VERB
fueconorg-5485	187	18	vecm	vecm	NOUN
fueconorg-5485	187	19	,	,	PUNCT
fueconorg-5485	187	20	which	which	PRON
fueconorg-5485	187	21	encompasses	encompass	VERB
fueconorg-5485	187	22	an	an	DET
fueconorg-5485	187	23	error	error	NOUN
fueconorg-5485	187	24	correction	correction	NOUN
fueconorg-5485	187	25	term	term	NOUN
fueconorg-5485	187	26	in	in	ADP
fueconorg-5485	187	27	order	order	NOUN
fueconorg-5485	187	28	to	to	PART
fueconorg-5485	187	29	describe	describe	VERB
fueconorg-5485	187	30	the	the	DET
fueconorg-5485	187	31	shortrun	shortrun	NOUN
fueconorg-5485	187	32	deviancies	deviancie	NOUN
fueconorg-5485	187	33	of	of	ADP
fueconorg-5485	187	34	series	series	NOUN
fueconorg-5485	187	35	from	from	ADP
fueconorg-5485	187	36	their	their	PRON
fueconorg-5485	187	37	long	long	ADJ
fueconorg-5485	187	38	-	-	PUNCT
fueconorg-5485	187	39	run	run	VERB
fueconorg-5485	187	40	equilibrium	equilibrium	NOUN
fueconorg-5485	187	41	path	path	NOUN
fueconorg-5485	187	42	.	.	PUNCT
fueconorg-5485	188	1	on	on	ADP
fueconorg-5485	188	2	the	the	DET
fueconorg-5485	188	3	other	other	ADJ
fueconorg-5485	188	4	hand	hand	NOUN
fueconorg-5485	188	5	,	,	PUNCT
fueconorg-5485	188	6	when	when	SCONJ
fueconorg-5485	188	7	cointegration	cointegration	NOUN
fueconorg-5485	188	8	is	be	AUX
fueconorg-5485	188	9	not	not	PART
fueconorg-5485	188	10	present	present	ADJ
fueconorg-5485	188	11	a	a	DET
fueconorg-5485	188	12	var	var	NOUN
fueconorg-5485	188	13	model	model	NOUN
fueconorg-5485	188	14	can	can	AUX
fueconorg-5485	188	15	be	be	AUX
fueconorg-5485	188	16	applied	apply	VERB
fueconorg-5485	188	17	in	in	ADP
fueconorg-5485	188	18	order	order	NOUN
fueconorg-5485	188	19	to	to	PART
fueconorg-5485	188	20	determine	determine	VERB
fueconorg-5485	188	21	granger	granger	PROPN
fueconorg-5485	188	22	causality	causality	NOUN
fueconorg-5485	188	23	between	between	ADP
fueconorg-5485	188	24	variables	variable	NOUN
fueconorg-5485	188	25	.	.	PUNCT
fueconorg-5485	189	1	moreover	moreover	ADV
fueconorg-5485	189	2	,	,	PUNCT
fueconorg-5485	189	3	there	there	PRON
fueconorg-5485	189	4	is	be	VERB
fueconorg-5485	189	5	a	a	DET
fueconorg-5485	189	6	need	need	NOUN
fueconorg-5485	189	7	to	to	PART
fueconorg-5485	189	8	identify	identify	VERB
fueconorg-5485	189	9	the	the	DET
fueconorg-5485	189	10	number	number	NOUN
fueconorg-5485	189	11	of	of	ADP
fueconorg-5485	189	12	lags	lag	NOUN
fueconorg-5485	189	13	to	to	PART
fueconorg-5485	189	14	be	be	AUX
fueconorg-5485	189	15	included	include	VERB
fueconorg-5485	189	16	in	in	ADP
fueconorg-5485	189	17	the	the	DET
fueconorg-5485	189	18	model	model	NOUN
fueconorg-5485	189	19	,	,	PUNCT
fueconorg-5485	189	20	with	with	ADP
fueconorg-5485	189	21	the	the	DET
fueconorg-5485	189	22	aim	aim	NOUN
fueconorg-5485	189	23	of	of	ADP
fueconorg-5485	189	24	adjusting	adjust	VERB
fueconorg-5485	189	25	to	to	ADP
fueconorg-5485	189	26	the	the	DET
fueconorg-5485	189	27	vecm	vecm	NOUN
fueconorg-5485	189	28	model	model	NOUN
fueconorg-5485	189	29	.	.	PUNCT
fueconorg-5485	190	1	lütkepohl	lütkepohl	PROPN
fueconorg-5485	190	2	(	(	PUNCT
fueconorg-5485	190	3	2005	2005	NUM
fueconorg-5485	190	4	)	)	PUNCT
fueconorg-5485	190	5	states	state	VERB
fueconorg-5485	190	6	that	that	SCONJ
fueconorg-5485	190	7	hannan	hannan	PROPN
fueconorg-5485	190	8	–	–	PUNCT
fueconorg-5485	190	9	quinn	quinn	NOUN
fueconorg-5485	190	10	information	information	NOUN
fueconorg-5485	190	11	criterion	criterion	NOUN
fueconorg-5485	190	12	(	(	PUNCT
fueconorg-5485	190	13	hqic	hqic	NOUN
fueconorg-5485	190	14	)	)	PUNCT
fueconorg-5485	190	15	and	and	CCONJ
fueconorg-5485	190	16	schwarz	schwarz	PROPN
fueconorg-5485	190	17	’s	’s	PART
fueconorg-5485	190	18	bayesian	bayesian	NOUN
fueconorg-5485	190	19	information	information	NOUN
fueconorg-5485	190	20	criterion	criterion	NOUN
fueconorg-5485	190	21	(	(	PUNCT
fueconorg-5485	190	22	sbic	sbic	ADJ
fueconorg-5485	190	23	)	)	PUNCT
fueconorg-5485	190	24	give	give	VERB
fueconorg-5485	190	25	consistent	consistent	ADJ
fueconorg-5485	190	26	estimations	estimation	NOUN
fueconorg-5485	190	27	of	of	ADP
fueconorg-5485	190	28	the	the	DET
fueconorg-5485	190	29	true	true	ADJ
fueconorg-5485	190	30	lag	lag	NOUN
fueconorg-5485	190	31	length	length	NOUN
fueconorg-5485	190	32	,	,	PUNCT
fueconorg-5485	190	33	compared	compare	VERB
fueconorg-5485	190	34	to	to	ADP
fueconorg-5485	190	35	final	final	ADJ
fueconorg-5485	190	36	prediction	prediction	NOUN
fueconorg-5485	190	37	error	error	NOUN
fueconorg-5485	190	38	(	(	PUNCT
fueconorg-5485	190	39	fpe	fpe	PROPN
fueconorg-5485	190	40	)	)	PUNCT
fueconorg-5485	190	41	and	and	CCONJ
fueconorg-5485	190	42	akaike	akaike	PROPN
fueconorg-5485	190	43	's	's	PART
fueconorg-5485	190	44	information	information	NOUN
fueconorg-5485	190	45	criterion	criterion	NOUN
fueconorg-5485	190	46	(	(	PUNCT
fueconorg-5485	190	47	aic	aic	PROPN
fueconorg-5485	190	48	)	)	PUNCT
fueconorg-5485	190	49	which	which	PRON
fueconorg-5485	190	50	overestimate	overestimate	VERB
fueconorg-5485	190	51	the	the	DET
fueconorg-5485	190	52	true	true	ADJ
fueconorg-5485	190	53	lag	lag	NOUN
fueconorg-5485	190	54	length	length	NOUN
fueconorg-5485	190	55	in	in	ADP
fueconorg-5485	190	56	the	the	DET
fueconorg-5485	190	57	infinite	infinite	ADJ
fueconorg-5485	190	58	sample	sample	NOUN
fueconorg-5485	190	59	.	.	PUNCT
fueconorg-5485	191	1	however	however	ADV
fueconorg-5485	191	2	,	,	PUNCT
fueconorg-5485	191	3	there	there	PRON
fueconorg-5485	191	4	is	be	VERB
fueconorg-5485	191	5	no	no	DET
fueconorg-5485	191	6	notation	notation	NOUN
fueconorg-5485	191	7	what	what	PRON
fueconorg-5485	191	8	can	can	AUX
fueconorg-5485	191	9	be	be	AUX
fueconorg-5485	191	10	considered	consider	VERB
fueconorg-5485	191	11	as	as	ADP
fueconorg-5485	191	12	a	a	DET
fueconorg-5485	191	13	finite	finite	ADJ
fueconorg-5485	191	14	sample	sample	NOUN
fueconorg-5485	191	15	,	,	PUNCT
fueconorg-5485	191	16	therefore	therefore	ADV
fueconorg-5485	191	17	,	,	PUNCT
fueconorg-5485	191	18	since	since	SCONJ
fueconorg-5485	191	19	most	most	ADJ
fueconorg-5485	191	20	of	of	ADP
fueconorg-5485	191	21	the	the	DET
fueconorg-5485	191	22	studies	study	NOUN
fueconorg-5485	191	23	apply	apply	VERB
fueconorg-5485	191	24	aic	aic	PROPN
fueconorg-5485	191	25	in	in	ADP
fueconorg-5485	191	26	the	the	DET
fueconorg-5485	191	27	optimal	optimal	ADJ
fueconorg-5485	191	28	lag	lag	NOUN
fueconorg-5485	191	29	selection	selection	NOUN
fueconorg-5485	191	30	,	,	PUNCT
fueconorg-5485	191	31	the	the	DET
fueconorg-5485	191	32	authors	author	NOUN
fueconorg-5485	191	33	will	will	AUX
fueconorg-5485	191	34	utilize	utilize	VERB
fueconorg-5485	191	35	that	that	DET
fueconorg-5485	191	36	information	information	NOUN
fueconorg-5485	191	37	criterion	criterion	NOUN
fueconorg-5485	191	38	in	in	ADP
fueconorg-5485	191	39	the	the	DET
fueconorg-5485	191	40	further	further	ADJ
fueconorg-5485	191	41	course	course	NOUN
fueconorg-5485	191	42	of	of	ADP
fueconorg-5485	191	43	the	the	DET
fueconorg-5485	191	44	analysis	analysis	NOUN
fueconorg-5485	191	45	.	.	PUNCT
fueconorg-5485	192	1	454	454	NUM
fueconorg-5485	192	2	i.	i.	NOUN
fueconorg-5485	192	3	marjanović	marjanović	NOUN
fueconorg-5485	192	4	,	,	PUNCT
fueconorg-5485	192	5	m.	m.	NOUN
fueconorg-5485	192	6	marković	marković	NOUN
fueconorg-5485	192	7	for	for	ADP
fueconorg-5485	192	8	the	the	DET
fueconorg-5485	192	9	model	model	NOUN
fueconorg-5485	192	10	that	that	PRON
fueconorg-5485	192	11	examines	examine	VERB
fueconorg-5485	192	12	the	the	DET
fueconorg-5485	192	13	relationship	relationship	NOUN
fueconorg-5485	192	14	between	between	ADP
fueconorg-5485	192	15	foreign	foreign	ADJ
fueconorg-5485	192	16	exchange	exchange	NOUN
fueconorg-5485	192	17	reserves	reserve	NOUN
fueconorg-5485	192	18	and	and	CCONJ
fueconorg-5485	192	19	nominal	nominal	ADJ
fueconorg-5485	192	20	exchange	exchange	NOUN
fueconorg-5485	192	21	rate	rate	NOUN
fueconorg-5485	192	22	,	,	PUNCT
fueconorg-5485	192	23	where	where	SCONJ
fueconorg-5485	192	24	foreign	foreign	ADJ
fueconorg-5485	192	25	exchange	exchange	NOUN
fueconorg-5485	192	26	reserves	reserve	NOUN
fueconorg-5485	192	27	represent	represent	VERB
fueconorg-5485	192	28	dependant	dependant	ADJ
fueconorg-5485	192	29	variable	variable	NOUN
fueconorg-5485	192	30	,	,	PUNCT
fueconorg-5485	192	31	the	the	DET
fueconorg-5485	192	32	results	result	NOUN
fueconorg-5485	192	33	of	of	ADP
fueconorg-5485	192	34	vecm	vecm	NOUN
fueconorg-5485	192	35	are	be	AUX
fueconorg-5485	192	36	presented	present	VERB
fueconorg-5485	192	37	in	in	ADP
fueconorg-5485	192	38	table	table	NOUN
fueconorg-5485	192	39	5	5	NUM
fueconorg-5485	192	40	.	.	PUNCT
fueconorg-5485	192	41	table	table	NOUN
fueconorg-5485	192	42	5	5	NUM
fueconorg-5485	192	43	vector	vector	NOUN
fueconorg-5485	192	44	error	error	NOUN
fueconorg-5485	192	45	-	-	PUNCT
fueconorg-5485	192	46	correction	correction	NOUN
fueconorg-5485	192	47	model	model	NOUN
fueconorg-5485	192	48	:	:	PUNCT
fueconorg-5485	192	49	long	long	ADJ
fueconorg-5485	192	50	and	and	CCONJ
fueconorg-5485	192	51	short	short	ADJ
fueconorg-5485	192	52	-	-	PUNCT
fueconorg-5485	192	53	run	run	NOUN
fueconorg-5485	192	54	causality	causality	NOUN
fueconorg-5485	192	55	between	between	ADP
fueconorg-5485	192	56	foreign	foreign	ADJ
fueconorg-5485	192	57	exchange	exchange	NOUN
fueconorg-5485	192	58	reserves	reserve	NOUN
fueconorg-5485	192	59	and	and	CCONJ
fueconorg-5485	192	60	nominal	nominal	ADJ
fueconorg-5485	192	61	exchange	exchange	NOUN
fueconorg-5485	192	62	rate	rate	NOUN
fueconorg-5485	192	63	coef	coef	PROPN
fueconorg-5485	192	64	.	.	PUNCT
fueconorg-5485	193	1	std.err	std.err	NOUN
fueconorg-5485	193	2	.	.	PUNCT
fueconorg-5485	194	1	z	z	NOUN
fueconorg-5485	194	2	p>|z|	p>|z|	VERB
fueconorg-5485	194	3	95	95	NUM
fueconorg-5485	194	4	%	%	NOUN
fueconorg-5485	194	5	conf	conf	NOUN
fueconorg-5485	194	6	.	.	PUNCT
fueconorg-5485	195	1	interval	interval	NOUN
fueconorg-5485	195	2	ectt-1	ectt-1	ADP
fueconorg-5485	195	3	-.085	-.085	NOUN
fueconorg-5485	195	4	.037	.037	NUM
fueconorg-5485	195	5	-2.33	-2.33	PROPN
fueconorg-5485	195	6	0.020	0.020	NUM
fueconorg-5485	195	7	-.158	-.158	PROPN
fueconorg-5485	195	8	-.013	-.013	NOUN
fueconorg-5485	195	9	fert-1	fert-1	PROPN
fueconorg-5485	195	10	.076	.076	NUM
fueconorg-5485	195	11	.081	.081	NUM
fueconorg-5485	195	12	0.94	0.94	NUM
fueconorg-5485	195	13	0.348	0.348	NUM
fueconorg-5485	195	14	-.083	-.083	NOUN
fueconorg-5485	195	15	.235	.235	NUM
fueconorg-5485	196	1	fert-2	fert-2	INTJ
fueconorg-5485	196	2	-.052	-.052	NUM
fueconorg-5485	196	3	.081	.081	NUM
fueconorg-5485	196	4	-0.64	-0.64	NUM
fueconorg-5485	196	5	0.522	0.522	NUM
fueconorg-5485	196	6	-.212	-.212	PROPN
fueconorg-5485	196	7	.108	.108	NUM
fueconorg-5485	197	1	nert-1	nert-1	PROPN
fueconorg-5485	197	2	-.115	-.115	PROPN
fueconorg-5485	197	3	.122	.122	NUM
fueconorg-5485	198	1	-0.95	-0.95	NOUN
fueconorg-5485	198	2	0.344	0.344	NUM
fueconorg-5485	198	3	-.353	-.353	PROPN
fueconorg-5485	198	4	.123	.123	NUM
fueconorg-5485	199	1	nert-2	nert-2	INTJ
fueconorg-5485	199	2	-.442	-.442	PROPN
fueconorg-5485	199	3	.121	.121	NUM
fueconorg-5485	199	4	-3.65	-3.65	ADP
fueconorg-5485	199	5	0.000	0.000	NUM
fueconorg-5485	199	6	-.680	-.680	ADV
fueconorg-5485	199	7	-.205	-.205	NOUN
fueconorg-5485	199	8	constant	constant	ADJ
fueconorg-5485	199	9	.003	.003	NUM
fueconorg-5485	199	10	.002	.002	NUM
fueconorg-5485	199	11	1.12	1.12	NUM
fueconorg-5485	199	12	0.265	0.265	NUM
fueconorg-5485	199	13	-.002	-.002	NOUN
fueconorg-5485	199	14	.007	.007	NUM
fueconorg-5485	199	15	source	source	NOUN
fueconorg-5485	199	16	:	:	PUNCT
fueconorg-5485	199	17	authors	author	NOUN
fueconorg-5485	199	18	’	’	PART
fueconorg-5485	199	19	calculation	calculation	NOUN
fueconorg-5485	199	20	note	note	NOUN
fueconorg-5485	199	21	:	:	PUNCT
fueconorg-5485	199	22	ectt-1	ectt-1	PROPN
fueconorg-5485	199	23	–	–	PUNCT
fueconorg-5485	199	24	lagged	lag	VERB
fueconorg-5485	199	25	error	error	NOUN
fueconorg-5485	199	26	correction	correction	NOUN
fueconorg-5485	199	27	term	term	NOUN
fueconorg-5485	199	28	,	,	PUNCT
fueconorg-5485	199	29	fert-1	fert-1	AUX
fueconorg-5485	199	30	first	first	ADV
fueconorg-5485	199	31	lagged	lag	VERB
fueconorg-5485	199	32	difference	difference	NOUN
fueconorg-5485	199	33	of	of	ADP
fueconorg-5485	199	34	foreign	foreign	ADJ
fueconorg-5485	199	35	exchange	exchange	NOUN
fueconorg-5485	199	36	reserves	reserve	NOUN
fueconorg-5485	199	37	value	value	NOUN
fueconorg-5485	199	38	,	,	PUNCT
fueconorg-5485	199	39	fert-2	fert-2	PROPN
fueconorg-5485	199	40	second	second	ADJ
fueconorg-5485	199	41	lagged	lag	VERB
fueconorg-5485	199	42	difference	difference	NOUN
fueconorg-5485	199	43	of	of	ADP
fueconorg-5485	199	44	foreign	foreign	ADJ
fueconorg-5485	199	45	exchange	exchange	NOUN
fueconorg-5485	199	46	reserves	reserve	NOUN
fueconorg-5485	199	47	value	value	NOUN
fueconorg-5485	199	48	,	,	PUNCT
fueconorg-5485	199	49	nert-1	nert-1	ADP
fueconorg-5485	199	50	first	first	ADV
fueconorg-5485	199	51	lagged	lag	VERB
fueconorg-5485	199	52	difference	difference	NOUN
fueconorg-5485	199	53	of	of	ADP
fueconorg-5485	199	54	nominal	nominal	ADJ
fueconorg-5485	199	55	exchange	exchange	NOUN
fueconorg-5485	199	56	rate	rate	NOUN
fueconorg-5485	199	57	value	value	NOUN
fueconorg-5485	199	58	,	,	PUNCT
fueconorg-5485	199	59	nert-2	nert-2	PRON
fueconorg-5485	199	60	second	second	ADV
fueconorg-5485	199	61	lagged	lag	VERB
fueconorg-5485	199	62	difference	difference	NOUN
fueconorg-5485	199	63	of	of	ADP
fueconorg-5485	199	64	nominal	nominal	ADJ
fueconorg-5485	199	65	exchange	exchange	NOUN
fueconorg-5485	199	66	rate	rate	NOUN
fueconorg-5485	199	67	value	value	NOUN
fueconorg-5485	199	68	the	the	DET
fueconorg-5485	199	69	validity	validity	NOUN
fueconorg-5485	199	70	of	of	ADP
fueconorg-5485	199	71	the	the	DET
fueconorg-5485	199	72	model	model	NOUN
fueconorg-5485	199	73	is	be	AUX
fueconorg-5485	199	74	confirmed	confirm	VERB
fueconorg-5485	199	75	by	by	ADP
fueconorg-5485	199	76	the	the	DET
fueconorg-5485	199	77	lagged	lag	VERB
fueconorg-5485	199	78	error	error	NOUN
fueconorg-5485	199	79	correction	correction	NOUN
fueconorg-5485	199	80	term	term	NOUN
fueconorg-5485	199	81	(	(	PUNCT
fueconorg-5485	199	82	ectt-1	ectt-1	PROPN
fueconorg-5485	199	83	)	)	PUNCT
fueconorg-5485	199	84	,	,	PUNCT
fueconorg-5485	199	85	since	since	SCONJ
fueconorg-5485	199	86	it	it	PRON
fueconorg-5485	199	87	meets	meet	VERB
fueconorg-5485	199	88	two	two	NUM
fueconorg-5485	199	89	necessary	necessary	ADJ
fueconorg-5485	199	90	conditions	condition	NOUN
fueconorg-5485	199	91	:	:	PUNCT
fueconorg-5485	199	92	it	it	PRON
fueconorg-5485	199	93	is	be	AUX
fueconorg-5485	199	94	significant	significant	ADJ
fueconorg-5485	199	95	and	and	CCONJ
fueconorg-5485	199	96	has	have	VERB
fueconorg-5485	199	97	a	a	DET
fueconorg-5485	199	98	negative	negative	ADJ
fueconorg-5485	199	99	sign	sign	NOUN
fueconorg-5485	199	100	.	.	PUNCT
fueconorg-5485	200	1	hence	hence	ADV
fueconorg-5485	200	2	,	,	PUNCT
fueconorg-5485	200	3	in	in	ADP
fueconorg-5485	200	4	the	the	DET
fueconorg-5485	200	5	long	long	ADV
fueconorg-5485	200	6	-	-	PUNCT
fueconorg-5485	200	7	run	run	VERB
fueconorg-5485	200	8	nominal	nominal	ADJ
fueconorg-5485	200	9	exchange	exchange	NOUN
fueconorg-5485	200	10	rate	rate	NOUN
fueconorg-5485	200	11	granger	granger	NOUN
fueconorg-5485	200	12	-	-	PUNCT
fueconorg-5485	200	13	cause	cause	VERB
fueconorg-5485	200	14	foreign	foreign	ADJ
fueconorg-5485	200	15	exchange	exchange	NOUN
fueconorg-5485	200	16	reserves	reserve	NOUN
fueconorg-5485	200	17	.	.	PUNCT
fueconorg-5485	201	1	the	the	DET
fueconorg-5485	201	2	error	error	NOUN
fueconorg-5485	201	3	correction	correction	NOUN
fueconorg-5485	201	4	term	term	NOUN
fueconorg-5485	201	5	suggests	suggest	VERB
fueconorg-5485	201	6	that	that	SCONJ
fueconorg-5485	201	7	the	the	DET
fueconorg-5485	201	8	adjustment	adjustment	NOUN
fueconorg-5485	201	9	of	of	ADP
fueconorg-5485	201	10	foreign	foreign	ADJ
fueconorg-5485	201	11	exchange	exchange	NOUN
fueconorg-5485	201	12	reserves	reserve	NOUN
fueconorg-5485	201	13	to	to	ADP
fueconorg-5485	201	14	changes	change	NOUN
fueconorg-5485	201	15	in	in	ADP
fueconorg-5485	201	16	the	the	DET
fueconorg-5485	201	17	nominal	nominal	ADJ
fueconorg-5485	201	18	exchange	exchange	NOUN
fueconorg-5485	201	19	rate	rate	NOUN
fueconorg-5485	201	20	is	be	AUX
fueconorg-5485	201	21	slow	slow	ADJ
fueconorg-5485	201	22	,	,	PUNCT
fueconorg-5485	201	23	since	since	SCONJ
fueconorg-5485	201	24	the	the	DET
fueconorg-5485	201	25	value	value	NOUN
fueconorg-5485	201	26	of	of	ADP
fueconorg-5485	201	27	ectt-1	ectt-1	PROPN
fueconorg-5485	201	28	is	be	AUX
fueconorg-5485	201	29	relatively	relatively	ADV
fueconorg-5485	201	30	small	small	ADJ
fueconorg-5485	201	31	(	(	PUNCT
fueconorg-5485	201	32	-0.085	-0.085	NUM
fueconorg-5485	201	33	)	)	PUNCT
fueconorg-5485	201	34	.	.	PUNCT
fueconorg-5485	202	1	the	the	DET
fueconorg-5485	202	2	short	short	ADJ
fueconorg-5485	202	3	-	-	PUNCT
fueconorg-5485	202	4	run	run	NOUN
fueconorg-5485	202	5	influence	influence	NOUN
fueconorg-5485	202	6	can	can	AUX
fueconorg-5485	202	7	be	be	AUX
fueconorg-5485	202	8	evaluated	evaluate	VERB
fueconorg-5485	202	9	based	base	VERB
fueconorg-5485	202	10	on	on	ADP
fueconorg-5485	202	11	the	the	DET
fueconorg-5485	202	12	coefficients	coefficient	NOUN
fueconorg-5485	202	13	of	of	ADP
fueconorg-5485	202	14	lagged	lag	VERB
fueconorg-5485	202	15	differenced	differenced	ADJ
fueconorg-5485	202	16	terms	term	NOUN
fueconorg-5485	202	17	.	.	PUNCT
fueconorg-5485	203	1	it	it	PRON
fueconorg-5485	203	2	can	can	AUX
fueconorg-5485	203	3	be	be	AUX
fueconorg-5485	203	4	noticed	notice	VERB
fueconorg-5485	203	5	that	that	SCONJ
fueconorg-5485	203	6	the	the	DET
fueconorg-5485	203	7	value	value	NOUN
fueconorg-5485	203	8	of	of	ADP
fueconorg-5485	203	9	the	the	DET
fueconorg-5485	203	10	nominal	nominal	ADJ
fueconorg-5485	203	11	exchange	exchange	NOUN
fueconorg-5485	203	12	rate	rate	NOUN
fueconorg-5485	203	13	is	be	AUX
fueconorg-5485	203	14	significantly	significantly	ADV
fueconorg-5485	203	15	influenced	influence	VERB
fueconorg-5485	203	16	only	only	ADV
fueconorg-5485	203	17	by	by	ADP
fueconorg-5485	203	18	the	the	DET
fueconorg-5485	203	19	nert-2	nert-2	ADJ
fueconorg-5485	203	20	variable	variable	NOUN
fueconorg-5485	203	21	,	,	PUNCT
fueconorg-5485	203	22	meaning	mean	VERB
fueconorg-5485	203	23	that	that	SCONJ
fueconorg-5485	203	24	past	past	ADJ
fueconorg-5485	203	25	values	value	NOUN
fueconorg-5485	203	26	of	of	ADP
fueconorg-5485	203	27	nominal	nominal	ADJ
fueconorg-5485	203	28	exchange	exchange	NOUN
fueconorg-5485	203	29	rate	rate	NOUN
fueconorg-5485	203	30	(	(	PUNCT
fueconorg-5485	203	31	two	two	NUM
fueconorg-5485	203	32	month	month	NOUN
fueconorg-5485	203	33	prior	prior	ADV
fueconorg-5485	203	34	the	the	DET
fueconorg-5485	203	35	estimation	estimation	NOUN
fueconorg-5485	203	36	)	)	PUNCT
fueconorg-5485	203	37	have	have	VERB
fueconorg-5485	203	38	statistically	statistically	ADV
fueconorg-5485	203	39	significant	significant	ADJ
fueconorg-5485	203	40	influence	influence	NOUN
fueconorg-5485	203	41	on	on	ADP
fueconorg-5485	203	42	the	the	DET
fueconorg-5485	203	43	current	current	ADJ
fueconorg-5485	203	44	value	value	NOUN
fueconorg-5485	203	45	of	of	ADP
fueconorg-5485	203	46	nominal	nominal	ADJ
fueconorg-5485	203	47	exchange	exchange	NOUN
fueconorg-5485	203	48	rate	rate	NOUN
fueconorg-5485	203	49	.	.	PUNCT
fueconorg-5485	204	1	regarding	regard	VERB
fueconorg-5485	204	2	the	the	DET
fueconorg-5485	204	3	model	model	NOUN
fueconorg-5485	204	4	that	that	PRON
fueconorg-5485	204	5	examines	examine	VERB
fueconorg-5485	204	6	the	the	DET
fueconorg-5485	204	7	relationship	relationship	NOUN
fueconorg-5485	204	8	between	between	ADP
fueconorg-5485	204	9	the	the	DET
fueconorg-5485	204	10	nominal	nominal	ADJ
fueconorg-5485	204	11	exchange	exchange	NOUN
fueconorg-5485	204	12	rate	rate	NOUN
fueconorg-5485	204	13	and	and	CCONJ
fueconorg-5485	204	14	foreign	foreign	ADJ
fueconorg-5485	204	15	exchange	exchange	NOUN
fueconorg-5485	204	16	reserves	reserve	NOUN
fueconorg-5485	204	17	,	,	PUNCT
fueconorg-5485	204	18	where	where	SCONJ
fueconorg-5485	204	19	nominal	nominal	ADJ
fueconorg-5485	204	20	exchange	exchange	NOUN
fueconorg-5485	204	21	rate	rate	NOUN
fueconorg-5485	204	22	represents	represent	VERB
fueconorg-5485	204	23	dependant	dependant	ADJ
fueconorg-5485	204	24	variable	variable	NOUN
fueconorg-5485	204	25	,	,	PUNCT
fueconorg-5485	204	26	the	the	DET
fueconorg-5485	204	27	results	result	NOUN
fueconorg-5485	204	28	of	of	ADP
fueconorg-5485	204	29	vecm	vecm	NOUN
fueconorg-5485	204	30	are	be	AUX
fueconorg-5485	204	31	presented	present	VERB
fueconorg-5485	204	32	in	in	ADP
fueconorg-5485	204	33	table	table	NOUN
fueconorg-5485	204	34	6	6	NUM
fueconorg-5485	204	35	.	.	PUNCT
fueconorg-5485	205	1	the	the	DET
fueconorg-5485	205	2	lagged	lag	VERB
fueconorg-5485	205	3	error	error	NOUN
fueconorg-5485	205	4	correction	correction	NOUN
fueconorg-5485	205	5	term	term	NOUN
fueconorg-5485	205	6	table	table	NOUN
fueconorg-5485	205	7	6	6	NUM
fueconorg-5485	205	8	vector	vector	NOUN
fueconorg-5485	205	9	error	error	NOUN
fueconorg-5485	205	10	-	-	PUNCT
fueconorg-5485	205	11	correction	correction	NOUN
fueconorg-5485	205	12	model	model	NOUN
fueconorg-5485	205	13	:	:	PUNCT
fueconorg-5485	205	14	long	long	ADJ
fueconorg-5485	205	15	and	and	CCONJ
fueconorg-5485	205	16	short	short	ADJ
fueconorg-5485	205	17	-	-	PUNCT
fueconorg-5485	205	18	run	run	NOUN
fueconorg-5485	205	19	causality	causality	NOUN
fueconorg-5485	205	20	between	between	ADP
fueconorg-5485	205	21	nominal	nominal	ADJ
fueconorg-5485	205	22	exchange	exchange	NOUN
fueconorg-5485	205	23	rate	rate	NOUN
fueconorg-5485	205	24	and	and	CCONJ
fueconorg-5485	205	25	foreign	foreign	ADJ
fueconorg-5485	205	26	exchange	exchange	NOUN
fueconorg-5485	205	27	reserves	reserve	NOUN
fueconorg-5485	205	28	coef	coef	PROPN
fueconorg-5485	205	29	.	.	PUNCT
fueconorg-5485	206	1	std.err	std.err	NOUN
fueconorg-5485	206	2	.	.	PUNCT
fueconorg-5485	207	1	z	z	NOUN
fueconorg-5485	207	2	p>|z|	p>|z|	VERB
fueconorg-5485	207	3	95	95	NUM
fueconorg-5485	207	4	%	%	NOUN
fueconorg-5485	207	5	conf	conf	NOUN
fueconorg-5485	207	6	.	.	PUNCT
fueconorg-5485	208	1	interval	interval	NOUN
fueconorg-5485	208	2	ectt-1	ectt-1	PROPN
fueconorg-5485	208	3	-.0389	-.0389	NOUN
fueconorg-5485	208	4	0.147	0.147	NUM
fueconorg-5485	208	5	-2.64	-2.64	NUM
fueconorg-5485	208	6	0.008	0.008	NUM
fueconorg-5485	208	7	-.0678	-.0678	PUNCT
fueconorg-5485	209	1	-.010	-.010	PROPN
fueconorg-5485	209	2	nert-1	nert-1	PROPN
fueconorg-5485	209	3	-.109	-.109	PROPN
fueconorg-5485	209	4	.082	.082	NUM
fueconorg-5485	209	5	-1.32	-1.32	NUM
fueconorg-5485	209	6	0.185	0.185	NUM
fueconorg-5485	209	7	-.271	-.271	NOUN
fueconorg-5485	209	8	.052	.052	NUM
fueconorg-5485	210	1	nert-2	nert-2	ADJ
fueconorg-5485	210	2	.084	.084	NUM
fueconorg-5485	210	3	.082	.082	NUM
fueconorg-5485	211	1	1.02	1.02	NUM
fueconorg-5485	211	2	0.308	0.308	NUM
fueconorg-5485	211	3	-.077	-.077	PROPN
fueconorg-5485	211	4	.245	.245	NUM
fueconorg-5485	211	5	fert-1	fert-1	PROPN
fueconorg-5485	211	6	-.055	-.055	PROPN
fueconorg-5485	211	7	.055	.055	NUM
fueconorg-5485	211	8	-1.00	-1.00	NUM
fueconorg-5485	211	9	0.316	0.316	NUM
fueconorg-5485	211	10	-.163	-.163	PROPN
fueconorg-5485	211	11	.053	.053	NUM
fueconorg-5485	212	1	fert-2	fert-2	PROPN
fueconorg-5485	212	2	.021	.021	NUM
fueconorg-5485	212	3	.055	.055	NUM
fueconorg-5485	212	4	0.38	0.38	NUM
fueconorg-5485	212	5	0.703	0.703	NUM
fueconorg-5485	212	6	-.087	-.087	AUX
fueconorg-5485	212	7	.129	.129	NUM
fueconorg-5485	212	8	constant	constant	ADJ
fueconorg-5485	212	9	.004	.004	NUM
fueconorg-5485	212	10	.002	.002	NUM
fueconorg-5485	212	11	2.13	2.13	NUM
fueconorg-5485	212	12	0.033	0.033	NUM
fueconorg-5485	212	13	.0003	.0003	NUM
fueconorg-5485	212	14	.007	.007	NUM
fueconorg-5485	212	15	source	source	NOUN
fueconorg-5485	212	16	:	:	PUNCT
fueconorg-5485	212	17	authors	author	NOUN
fueconorg-5485	212	18	’	’	PART
fueconorg-5485	212	19	calculation	calculation	NOUN
fueconorg-5485	212	20	note	note	NOUN
fueconorg-5485	212	21	:	:	PUNCT
fueconorg-5485	212	22	ectt-1	ectt-1	PROPN
fueconorg-5485	212	23	–	–	PUNCT
fueconorg-5485	212	24	lagged	lag	VERB
fueconorg-5485	212	25	error	error	NOUN
fueconorg-5485	212	26	correction	correction	NOUN
fueconorg-5485	212	27	term	term	NOUN
fueconorg-5485	212	28	,	,	PUNCT
fueconorg-5485	212	29	fert-1	fert-1	AUX
fueconorg-5485	212	30	first	first	ADV
fueconorg-5485	212	31	lagged	lag	VERB
fueconorg-5485	212	32	difference	difference	NOUN
fueconorg-5485	212	33	of	of	ADP
fueconorg-5485	212	34	foreign	foreign	ADJ
fueconorg-5485	212	35	exchange	exchange	NOUN
fueconorg-5485	212	36	reserves	reserve	NOUN
fueconorg-5485	212	37	value	value	NOUN
fueconorg-5485	212	38	,	,	PUNCT
fueconorg-5485	212	39	fert-2	fert-2	PROPN
fueconorg-5485	212	40	second	second	ADJ
fueconorg-5485	212	41	lagged	lag	VERB
fueconorg-5485	212	42	difference	difference	NOUN
fueconorg-5485	212	43	of	of	ADP
fueconorg-5485	212	44	foreign	foreign	ADJ
fueconorg-5485	212	45	exchange	exchange	NOUN
fueconorg-5485	212	46	reserves	reserve	NOUN
fueconorg-5485	212	47	value	value	NOUN
fueconorg-5485	212	48	,	,	PUNCT
fueconorg-5485	212	49	nert-1	nert-1	ADP
fueconorg-5485	212	50	first	first	ADV
fueconorg-5485	212	51	lagged	lag	VERB
fueconorg-5485	212	52	difference	difference	NOUN
fueconorg-5485	212	53	of	of	ADP
fueconorg-5485	212	54	nominal	nominal	ADJ
fueconorg-5485	212	55	exchange	exchange	NOUN
fueconorg-5485	212	56	rate	rate	NOUN
fueconorg-5485	212	57	value	value	NOUN
fueconorg-5485	212	58	,	,	PUNCT
fueconorg-5485	212	59	nert-2	nert-2	PRON
fueconorg-5485	212	60	second	second	ADV
fueconorg-5485	212	61	lagged	lag	VERB
fueconorg-5485	212	62	difference	difference	NOUN
fueconorg-5485	212	63	of	of	ADP
fueconorg-5485	212	64	nominal	nominal	ADJ
fueconorg-5485	212	65	exchange	exchange	NOUN
fueconorg-5485	212	66	rate	rate	NOUN
fueconorg-5485	212	67	value	value	NOUN
fueconorg-5485	212	68	causality	causality	NOUN
fueconorg-5485	212	69	between	between	ADP
fueconorg-5485	212	70	exchange	exchange	NOUN
fueconorg-5485	212	71	rates	rate	NOUN
fueconorg-5485	212	72	and	and	CCONJ
fueconorg-5485	212	73	foreign	foreign	ADJ
fueconorg-5485	212	74	exchange	exchange	NOUN
fueconorg-5485	212	75	reserves	reserve	NOUN
fueconorg-5485	212	76	:	:	PUNCT
fueconorg-5485	212	77	serbian	serbian	ADJ
fueconorg-5485	212	78	case	case	NOUN
fueconorg-5485	212	79	455	455	NUM
fueconorg-5485	212	80	in	in	ADP
fueconorg-5485	212	81	this	this	DET
fueconorg-5485	212	82	model	model	NOUN
fueconorg-5485	212	83	is	be	AUX
fueconorg-5485	212	84	significant	significant	ADJ
fueconorg-5485	212	85	at	at	ADP
fueconorg-5485	212	86	the	the	DET
fueconorg-5485	212	87	1	1	NUM
fueconorg-5485	212	88	%	%	NOUN
fueconorg-5485	212	89	level	level	NOUN
fueconorg-5485	212	90	with	with	ADP
fueconorg-5485	212	91	a	a	DET
fueconorg-5485	212	92	negative	negative	ADJ
fueconorg-5485	212	93	sign	sign	NOUN
fueconorg-5485	212	94	,	,	PUNCT
fueconorg-5485	212	95	signifying	signify	VERB
fueconorg-5485	212	96	that	that	SCONJ
fueconorg-5485	212	97	in	in	ADP
fueconorg-5485	212	98	the	the	DET
fueconorg-5485	212	99	long	long	ADV
fueconorg-5485	212	100	-	-	PUNCT
fueconorg-5485	212	101	run	run	VERB
fueconorg-5485	212	102	,	,	PUNCT
fueconorg-5485	212	103	foreign	foreign	ADJ
fueconorg-5485	212	104	exchange	exchange	NOUN
fueconorg-5485	212	105	reserves	reserve	NOUN
fueconorg-5485	212	106	granger	granger	NOUN
fueconorg-5485	212	107	-	-	PUNCT
fueconorg-5485	212	108	cause	cause	VERB
fueconorg-5485	212	109	the	the	DET
fueconorg-5485	212	110	nominal	nominal	ADJ
fueconorg-5485	212	111	exchange	exchange	NOUN
fueconorg-5485	212	112	rate	rate	NOUN
fueconorg-5485	212	113	.	.	PUNCT
fueconorg-5485	213	1	however	however	ADV
fueconorg-5485	213	2	,	,	PUNCT
fueconorg-5485	213	3	since	since	SCONJ
fueconorg-5485	213	4	the	the	DET
fueconorg-5485	213	5	value	value	NOUN
fueconorg-5485	213	6	of	of	ADP
fueconorg-5485	213	7	the	the	DET
fueconorg-5485	213	8	error	error	NOUN
fueconorg-5485	213	9	correction	correction	NOUN
fueconorg-5485	213	10	term	term	NOUN
fueconorg-5485	213	11	is	be	AUX
fueconorg-5485	213	12	rather	rather	ADV
fueconorg-5485	213	13	small	small	ADJ
fueconorg-5485	213	14	(	(	PUNCT
fueconorg-5485	213	15	−0.0389	−0.0389	NOUN
fueconorg-5485	213	16	)	)	PUNCT
fueconorg-5485	213	17	,	,	PUNCT
fueconorg-5485	213	18	the	the	DET
fueconorg-5485	213	19	adjustment	adjustment	NOUN
fueconorg-5485	213	20	of	of	ADP
fueconorg-5485	213	21	nominal	nominal	ADJ
fueconorg-5485	213	22	exchange	exchange	NOUN
fueconorg-5485	213	23	rate	rate	NOUN
fueconorg-5485	213	24	to	to	ADP
fueconorg-5485	213	25	the	the	DET
fueconorg-5485	213	26	changes	change	NOUN
fueconorg-5485	213	27	in	in	ADP
fueconorg-5485	213	28	foreign	foreign	ADJ
fueconorg-5485	213	29	exchange	exchange	NOUN
fueconorg-5485	213	30	reserves	reserve	NOUN
fueconorg-5485	213	31	is	be	AUX
fueconorg-5485	213	32	relatively	relatively	ADV
fueconorg-5485	213	33	slow	slow	ADJ
fueconorg-5485	213	34	.	.	PUNCT
fueconorg-5485	214	1	based	base	VERB
fueconorg-5485	214	2	on	on	ADP
fueconorg-5485	214	3	the	the	DET
fueconorg-5485	214	4	values	value	NOUN
fueconorg-5485	214	5	of	of	ADP
fueconorg-5485	214	6	the	the	DET
fueconorg-5485	214	7	lagged	lag	VERB
fueconorg-5485	214	8	differenced	differenced	ADJ
fueconorg-5485	214	9	terms	term	NOUN
fueconorg-5485	214	10	,	,	PUNCT
fueconorg-5485	214	11	it	it	PRON
fueconorg-5485	214	12	can	can	AUX
fueconorg-5485	214	13	be	be	AUX
fueconorg-5485	214	14	concluded	conclude	VERB
fueconorg-5485	214	15	that	that	SCONJ
fueconorg-5485	214	16	there	there	PRON
fueconorg-5485	214	17	is	be	VERB
fueconorg-5485	214	18	no	no	DET
fueconorg-5485	214	19	statistically	statistically	ADV
fueconorg-5485	214	20	significant	significant	ADJ
fueconorg-5485	214	21	influence	influence	NOUN
fueconorg-5485	214	22	of	of	ADP
fueconorg-5485	214	23	past	past	ADJ
fueconorg-5485	214	24	values	value	NOUN
fueconorg-5485	214	25	of	of	ADP
fueconorg-5485	214	26	nominal	nominal	ADJ
fueconorg-5485	214	27	exchange	exchange	NOUN
fueconorg-5485	214	28	rate	rate	NOUN
fueconorg-5485	214	29	nor	nor	CCONJ
fueconorg-5485	214	30	foreign	foreign	ADJ
fueconorg-5485	214	31	exchange	exchange	NOUN
fueconorg-5485	214	32	reserves	reserve	NOUN
fueconorg-5485	214	33	on	on	ADP
fueconorg-5485	214	34	the	the	DET
fueconorg-5485	214	35	current	current	ADJ
fueconorg-5485	214	36	value	value	NOUN
fueconorg-5485	214	37	of	of	ADP
fueconorg-5485	214	38	the	the	DET
fueconorg-5485	214	39	nominal	nominal	ADJ
fueconorg-5485	214	40	exchange	exchange	NOUN
fueconorg-5485	214	41	rate	rate	NOUN
fueconorg-5485	214	42	.	.	PUNCT
fueconorg-5485	215	1	concerning	concern	VERB
fueconorg-5485	215	2	the	the	DET
fueconorg-5485	215	3	model	model	NOUN
fueconorg-5485	215	4	which	which	PRON
fueconorg-5485	215	5	examines	examine	VERB
fueconorg-5485	215	6	the	the	DET
fueconorg-5485	215	7	long	long	ADV
fueconorg-5485	215	8	-	-	PUNCT
fueconorg-5485	215	9	run	run	NOUN
fueconorg-5485	215	10	relationship	relationship	NOUN
fueconorg-5485	215	11	between	between	ADP
fueconorg-5485	215	12	foreign	foreign	ADJ
fueconorg-5485	215	13	exchange	exchange	NOUN
fueconorg-5485	215	14	reserves	reserve	NOUN
fueconorg-5485	215	15	(	(	PUNCT
fueconorg-5485	215	16	as	as	ADP
fueconorg-5485	215	17	dependant	dependant	ADJ
fueconorg-5485	215	18	variable	variable	NOUN
fueconorg-5485	215	19	)	)	PUNCT
fueconorg-5485	215	20	and	and	CCONJ
fueconorg-5485	215	21	the	the	DET
fueconorg-5485	215	22	real	real	ADJ
fueconorg-5485	215	23	exchange	exchange	NOUN
fueconorg-5485	215	24	rate	rate	NOUN
fueconorg-5485	215	25	,	,	PUNCT
fueconorg-5485	215	26	the	the	DET
fueconorg-5485	215	27	error	error	NOUN
fueconorg-5485	215	28	correction	correction	NOUN
fueconorg-5485	215	29	term	term	NOUN
fueconorg-5485	215	30	is	be	AUX
fueconorg-5485	215	31	negative	negative	ADJ
fueconorg-5485	215	32	-0.0002634	-0.0002634	NOUN
fueconorg-5485	215	33	,	,	PUNCT
fueconorg-5485	215	34	but	but	CCONJ
fueconorg-5485	215	35	statistically	statistically	ADV
fueconorg-5485	215	36	insignificant	insignificant	ADJ
fueconorg-5485	215	37	(	(	PUNCT
fueconorg-5485	215	38	p	p	NOUN
fueconorg-5485	215	39	value	value	NOUN
fueconorg-5485	215	40	is	be	AUX
fueconorg-5485	215	41	0.952	0.952	NUM
fueconorg-5485	215	42	)	)	PUNCT
fueconorg-5485	215	43	,	,	PUNCT
fueconorg-5485	215	44	meaning	mean	VERB
fueconorg-5485	215	45	that	that	SCONJ
fueconorg-5485	215	46	there	there	PRON
fueconorg-5485	215	47	is	be	VERB
fueconorg-5485	215	48	no	no	DET
fueconorg-5485	215	49	long	long	ADV
fueconorg-5485	215	50	-	-	PUNCT
fueconorg-5485	215	51	run	run	NOUN
fueconorg-5485	215	52	relationship	relationship	NOUN
fueconorg-5485	215	53	between	between	ADP
fueconorg-5485	215	54	variables	variable	NOUN
fueconorg-5485	215	55	in	in	ADP
fueconorg-5485	215	56	this	this	DET
fueconorg-5485	215	57	model	model	NOUN
fueconorg-5485	215	58	.	.	PUNCT
fueconorg-5485	216	1	therefore	therefore	ADV
fueconorg-5485	216	2	,	,	PUNCT
fueconorg-5485	216	3	their	their	PRON
fueconorg-5485	216	4	short	short	ADJ
fueconorg-5485	216	5	-	-	PUNCT
fueconorg-5485	216	6	run	run	NOUN
fueconorg-5485	216	7	relation	relation	NOUN
fueconorg-5485	216	8	will	will	AUX
fueconorg-5485	216	9	be	be	AUX
fueconorg-5485	216	10	examined	examine	VERB
fueconorg-5485	216	11	using	use	VERB
fueconorg-5485	216	12	a	a	DET
fueconorg-5485	216	13	granger	granger	PROPN
fueconorg-5485	216	14	causality	causality	NOUN
fueconorg-5485	216	15	test	test	NOUN
fueconorg-5485	216	16	.	.	PUNCT
fueconorg-5485	217	1	also	also	ADV
fueconorg-5485	217	2	,	,	PUNCT
fueconorg-5485	217	3	since	since	SCONJ
fueconorg-5485	217	4	the	the	DET
fueconorg-5485	217	5	cointegration	cointegration	NOUN
fueconorg-5485	217	6	tests	test	NOUN
fueconorg-5485	217	7	have	have	AUX
fueconorg-5485	217	8	not	not	PART
fueconorg-5485	217	9	discovered	discover	VERB
fueconorg-5485	217	10	cointegration	cointegration	NOUN
fueconorg-5485	217	11	between	between	ADP
fueconorg-5485	217	12	the	the	DET
fueconorg-5485	217	13	real	real	ADJ
fueconorg-5485	217	14	exchange	exchange	NOUN
fueconorg-5485	217	15	rate	rate	NOUN
fueconorg-5485	217	16	(	(	PUNCT
fueconorg-5485	217	17	as	as	ADP
fueconorg-5485	217	18	a	a	DET
fueconorg-5485	217	19	dependant	dependant	NOUN
fueconorg-5485	217	20	)	)	PUNCT
fueconorg-5485	217	21	and	and	CCONJ
fueconorg-5485	217	22	foreign	foreign	ADJ
fueconorg-5485	217	23	exchange	exchange	NOUN
fueconorg-5485	217	24	reserves	reserve	NOUN
fueconorg-5485	217	25	,	,	PUNCT
fueconorg-5485	217	26	their	their	PRON
fueconorg-5485	217	27	short	short	ADJ
fueconorg-5485	217	28	-	-	PUNCT
fueconorg-5485	217	29	run	run	NOUN
fueconorg-5485	217	30	relation	relation	NOUN
fueconorg-5485	217	31	will	will	AUX
fueconorg-5485	217	32	also	also	ADV
fueconorg-5485	217	33	be	be	AUX
fueconorg-5485	217	34	tested	test	VERB
fueconorg-5485	217	35	using	use	VERB
fueconorg-5485	217	36	a	a	DET
fueconorg-5485	217	37	granger	granger	PROPN
fueconorg-5485	217	38	causality	causality	NOUN
fueconorg-5485	217	39	test	test	NOUN
fueconorg-5485	217	40	.	.	PUNCT
fueconorg-5485	218	1	table	table	NOUN
fueconorg-5485	218	2	7	7	NUM
fueconorg-5485	218	3	granger	granger	NOUN
fueconorg-5485	218	4	causality	causality	PROPN
fueconorg-5485	218	5	test	test	NOUN
fueconorg-5485	218	6	dependent	dependent	ADJ
fueconorg-5485	218	7	variable	variable	ADJ
fueconorg-5485	218	8	independent	independent	ADJ
fueconorg-5485	218	9	variable	variable	ADJ
fueconorg-5485	218	10	fer	fer	NOUN
fueconorg-5485	218	11	rer	rer	INTJ
fueconorg-5485	219	1	rer	rer	DET
fueconorg-5485	219	2	1.1523	1.1523	NUM
fueconorg-5485	219	3	(	(	PUNCT
fueconorg-5485	219	4	0.3188	0.3188	NUM
fueconorg-5485	219	5	)	)	PUNCT
fueconorg-5485	219	6	fer	fer	NOUN
fueconorg-5485	219	7	4.5834	4.5834	NUM
fueconorg-5485	219	8	(	(	PUNCT
fueconorg-5485	219	9	0.0118	0.0118	NUM
fueconorg-5485	219	10	)	)	PUNCT
fueconorg-5485	219	11	source	source	NOUN
fueconorg-5485	219	12	:	:	PUNCT
fueconorg-5485	219	13	authors	author	NOUN
fueconorg-5485	219	14	’	’	PART
fueconorg-5485	219	15	calculation	calculation	NOUN
fueconorg-5485	219	16	note	note	NOUN
fueconorg-5485	219	17	:	:	PUNCT
fueconorg-5485	220	1	p	p	X
fueconorg-5485	220	2	-	-	PUNCT
fueconorg-5485	220	3	value	value	NOUN
fueconorg-5485	220	4	in	in	ADP
fueconorg-5485	220	5	parenthesis	parenthesis	NOUN
fueconorg-5485	220	6	the	the	DET
fueconorg-5485	220	7	f	f	NOUN
fueconorg-5485	220	8	-	-	PUNCT
fueconorg-5485	220	9	statistics	statistic	NOUN
fueconorg-5485	220	10	indicates	indicate	VERB
fueconorg-5485	220	11	that	that	SCONJ
fueconorg-5485	220	12	there	there	PRON
fueconorg-5485	220	13	is	be	VERB
fueconorg-5485	220	14	a	a	DET
fueconorg-5485	220	15	short	short	ADJ
fueconorg-5485	220	16	-	-	PUNCT
fueconorg-5485	220	17	run	run	NOUN
fueconorg-5485	220	18	causality	causality	NOUN
fueconorg-5485	220	19	running	run	VERB
fueconorg-5485	220	20	from	from	ADP
fueconorg-5485	220	21	real	real	ADJ
fueconorg-5485	220	22	exchange	exchange	NOUN
fueconorg-5485	220	23	rate	rate	NOUN
fueconorg-5485	220	24	towards	towards	ADP
fueconorg-5485	220	25	foreign	foreign	ADJ
fueconorg-5485	220	26	exchange	exchange	NOUN
fueconorg-5485	220	27	reserves	reserve	NOUN
fueconorg-5485	220	28	.	.	PUNCT
fueconorg-5485	221	1	on	on	ADP
fueconorg-5485	221	2	the	the	DET
fueconorg-5485	221	3	other	other	ADJ
fueconorg-5485	221	4	hand	hand	NOUN
fueconorg-5485	221	5	,	,	PUNCT
fueconorg-5485	221	6	foreign	foreign	ADJ
fueconorg-5485	221	7	exchange	exchange	NOUN
fueconorg-5485	221	8	reserves	reserve	NOUN
fueconorg-5485	221	9	do	do	VERB
fueconorg-5485	221	10	not	not	PART
fueconorg-5485	221	11	granger	granger	NOUN
fueconorg-5485	221	12	-	-	PUNCT
fueconorg-5485	221	13	cause	cause	VERB
fueconorg-5485	221	14	real	real	ADJ
fueconorg-5485	221	15	exchange	exchange	NOUN
fueconorg-5485	221	16	rate	rate	NOUN
fueconorg-5485	221	17	.	.	PUNCT
fueconorg-5485	222	1	therefore	therefore	ADV
fueconorg-5485	222	2	,	,	PUNCT
fueconorg-5485	222	3	concerning	concern	VERB
fueconorg-5485	222	4	the	the	DET
fueconorg-5485	222	5	relationship	relationship	NOUN
fueconorg-5485	222	6	between	between	ADP
fueconorg-5485	222	7	foreign	foreign	ADJ
fueconorg-5485	222	8	exchange	exchange	NOUN
fueconorg-5485	222	9	reserves	reserve	NOUN
fueconorg-5485	222	10	and	and	CCONJ
fueconorg-5485	222	11	the	the	DET
fueconorg-5485	222	12	real	real	ADJ
fueconorg-5485	222	13	exchange	exchange	NOUN
fueconorg-5485	222	14	rate	rate	NOUN
fueconorg-5485	222	15	,	,	PUNCT
fueconorg-5485	222	16	there	there	PRON
fueconorg-5485	222	17	is	be	VERB
fueconorg-5485	222	18	no	no	DET
fueconorg-5485	222	19	long	long	ADV
fueconorg-5485	222	20	-	-	PUNCT
fueconorg-5485	222	21	run	run	NOUN
fueconorg-5485	222	22	interdependence	interdependence	NOUN
fueconorg-5485	222	23	,	,	PUNCT
fueconorg-5485	222	24	and	and	CCONJ
fueconorg-5485	222	25	first	first	ADJ
fueconorg-5485	222	26	hypothesis	hypothesis	NOUN
fueconorg-5485	222	27	can	can	AUX
fueconorg-5485	222	28	not	not	PART
fueconorg-5485	222	29	be	be	AUX
fueconorg-5485	222	30	rejected	reject	VERB
fueconorg-5485	222	31	.	.	PUNCT
fueconorg-5485	223	1	regarding	regard	VERB
fueconorg-5485	223	2	their	their	PRON
fueconorg-5485	223	3	short	short	ADJ
fueconorg-5485	223	4	-	-	PUNCT
fueconorg-5485	223	5	run	run	NOUN
fueconorg-5485	223	6	dynamics	dynamic	NOUN
fueconorg-5485	223	7	,	,	PUNCT
fueconorg-5485	223	8	the	the	DET
fueconorg-5485	223	9	granger	granger	NOUN
fueconorg-5485	223	10	-	-	PUNCT
fueconorg-5485	223	11	causality	causality	NOUN
fueconorg-5485	223	12	test	test	NOUN
fueconorg-5485	223	13	has	have	AUX
fueconorg-5485	223	14	detected	detect	VERB
fueconorg-5485	223	15	causality	causality	NOUN
fueconorg-5485	223	16	in	in	ADP
fueconorg-5485	223	17	one	one	NUM
fueconorg-5485	223	18	direction	direction	NOUN
fueconorg-5485	223	19	,	,	PUNCT
fueconorg-5485	223	20	from	from	ADP
fueconorg-5485	223	21	real	real	ADJ
fueconorg-5485	223	22	exchange	exchange	NOUN
fueconorg-5485	223	23	rate	rate	NOUN
fueconorg-5485	223	24	towards	towards	ADP
fueconorg-5485	223	25	foreign	foreign	ADJ
fueconorg-5485	223	26	exchange	exchange	NOUN
fueconorg-5485	223	27	reserves	reserve	NOUN
fueconorg-5485	223	28	.	.	PUNCT
fueconorg-5485	224	1	hence	hence	ADV
fueconorg-5485	224	2	,	,	PUNCT
fueconorg-5485	224	3	the	the	DET
fueconorg-5485	224	4	third	third	ADJ
fueconorg-5485	224	5	hypothesis	hypothesis	NOUN
fueconorg-5485	224	6	is	be	AUX
fueconorg-5485	224	7	rejected	reject	VERB
fueconorg-5485	224	8	.	.	PUNCT
fueconorg-5485	225	1	relating	relate	VERB
fueconorg-5485	225	2	to	to	ADP
fueconorg-5485	225	3	the	the	DET
fueconorg-5485	225	4	relationship	relationship	NOUN
fueconorg-5485	225	5	between	between	ADP
fueconorg-5485	225	6	foreign	foreign	ADJ
fueconorg-5485	225	7	exchange	exchange	NOUN
fueconorg-5485	225	8	reserves	reserve	NOUN
fueconorg-5485	225	9	and	and	CCONJ
fueconorg-5485	225	10	nominal	nominal	ADJ
fueconorg-5485	225	11	exchange	exchange	NOUN
fueconorg-5485	225	12	rate	rate	NOUN
fueconorg-5485	225	13	there	there	PRON
fueconorg-5485	225	14	is	be	VERB
fueconorg-5485	225	15	evidence	evidence	NOUN
fueconorg-5485	225	16	of	of	ADP
fueconorg-5485	225	17	long	long	ADJ
fueconorg-5485	225	18	-	-	PUNCT
fueconorg-5485	225	19	run	run	NOUN
fueconorg-5485	225	20	interdependence	interdependence	NOUN
fueconorg-5485	225	21	,	,	PUNCT
fueconorg-5485	225	22	meaning	mean	VERB
fueconorg-5485	225	23	that	that	SCONJ
fueconorg-5485	225	24	the	the	DET
fueconorg-5485	225	25	second	second	ADJ
fueconorg-5485	225	26	hypothesis	hypothesis	NOUN
fueconorg-5485	225	27	is	be	AUX
fueconorg-5485	225	28	rejected	reject	VERB
fueconorg-5485	225	29	.	.	PUNCT
fueconorg-5485	226	1	however	however	ADV
fueconorg-5485	226	2	,	,	PUNCT
fueconorg-5485	226	3	the	the	DET
fueconorg-5485	226	4	values	value	NOUN
fueconorg-5485	226	5	of	of	ADP
fueconorg-5485	226	6	the	the	DET
fueconorg-5485	226	7	coefficients	coefficient	NOUN
fueconorg-5485	226	8	of	of	ADP
fueconorg-5485	226	9	lagged	lag	VERB
fueconorg-5485	226	10	differenced	differenced	ADJ
fueconorg-5485	226	11	terms	term	NOUN
fueconorg-5485	226	12	indicate	indicate	VERB
fueconorg-5485	226	13	that	that	SCONJ
fueconorg-5485	226	14	there	there	PRON
fueconorg-5485	226	15	is	be	VERB
fueconorg-5485	226	16	no	no	DET
fueconorg-5485	226	17	short	short	ADJ
fueconorg-5485	226	18	-	-	PUNCT
fueconorg-5485	226	19	run	run	NOUN
fueconorg-5485	226	20	causality	causality	NOUN
fueconorg-5485	226	21	between	between	ADP
fueconorg-5485	226	22	these	these	DET
fueconorg-5485	226	23	variables	variable	NOUN
fueconorg-5485	226	24	.	.	PUNCT
fueconorg-5485	227	1	hence	hence	ADV
fueconorg-5485	227	2	,	,	PUNCT
fueconorg-5485	227	3	the	the	DET
fueconorg-5485	227	4	fourth	fourth	ADJ
fueconorg-5485	227	5	hypothesis	hypothesis	NOUN
fueconorg-5485	227	6	can	can	AUX
fueconorg-5485	227	7	not	not	PART
fueconorg-5485	227	8	be	be	AUX
fueconorg-5485	227	9	rejected	reject	VERB
fueconorg-5485	227	10	.	.	PUNCT
fueconorg-5485	228	1	despite	despite	SCONJ
fueconorg-5485	228	2	expectations	expectation	NOUN
fueconorg-5485	228	3	,	,	PUNCT
fueconorg-5485	228	4	based	base	VERB
fueconorg-5485	228	5	on	on	ADP
fueconorg-5485	228	6	the	the	DET
fueconorg-5485	228	7	previous	previous	ADJ
fueconorg-5485	228	8	literature	literature	PROPN
fueconorg-5485	228	9	review	review	NOUN
fueconorg-5485	228	10	,	,	PUNCT
fueconorg-5485	228	11	that	that	SCONJ
fueconorg-5485	228	12	exchange	exchange	NOUN
fueconorg-5485	228	13	rate	rate	NOUN
fueconorg-5485	228	14	fluctuations	fluctuation	NOUN
fueconorg-5485	228	15	are	be	AUX
fueconorg-5485	228	16	caused	cause	VERB
fueconorg-5485	228	17	by	by	ADP
fueconorg-5485	228	18	the	the	DET
fueconorg-5485	228	19	movement	movement	NOUN
fueconorg-5485	228	20	of	of	ADP
fueconorg-5485	228	21	foreign	foreign	ADJ
fueconorg-5485	228	22	exchange	exchange	NOUN
fueconorg-5485	228	23	reserves	reserve	NOUN
fueconorg-5485	228	24	,	,	PUNCT
fueconorg-5485	228	25	the	the	DET
fueconorg-5485	228	26	results	result	NOUN
fueconorg-5485	228	27	indicate	indicate	VERB
fueconorg-5485	228	28	that	that	SCONJ
fueconorg-5485	228	29	,	,	PUNCT
fueconorg-5485	228	30	in	in	ADP
fueconorg-5485	228	31	the	the	DET
fueconorg-5485	228	32	case	case	NOUN
fueconorg-5485	228	33	of	of	ADP
fueconorg-5485	228	34	the	the	DET
fueconorg-5485	228	35	republic	republic	NOUN
fueconorg-5485	228	36	of	of	ADP
fueconorg-5485	228	37	serbia	serbia	PROPN
fueconorg-5485	228	38	,	,	PUNCT
fueconorg-5485	228	39	there	there	PRON
fueconorg-5485	228	40	is	be	VERB
fueconorg-5485	228	41	no	no	DET
fueconorg-5485	228	42	causality	causality	NOUN
fueconorg-5485	228	43	in	in	ADP
fueconorg-5485	228	44	this	this	DET
fueconorg-5485	228	45	direction	direction	NOUN
fueconorg-5485	228	46	,	,	PUNCT
fueconorg-5485	228	47	but	but	CCONJ
fueconorg-5485	228	48	rather	rather	ADV
fueconorg-5485	228	49	there	there	PRON
fueconorg-5485	228	50	is	be	VERB
fueconorg-5485	228	51	a	a	DET
fueconorg-5485	228	52	causality	causality	NOUN
fueconorg-5485	228	53	directed	direct	VERB
fueconorg-5485	228	54	from	from	ADP
fueconorg-5485	228	55	the	the	DET
fueconorg-5485	228	56	exchange	exchange	NOUN
fueconorg-5485	228	57	rate	rate	NOUN
fueconorg-5485	228	58	(	(	PUNCT
fueconorg-5485	228	59	real	real	ADJ
fueconorg-5485	228	60	exchange	exchange	NOUN
fueconorg-5485	228	61	rate	rate	NOUN
fueconorg-5485	228	62	in	in	ADP
fueconorg-5485	228	63	shortterm	shortterm	PROPN
fueconorg-5485	228	64	and	and	CCONJ
fueconorg-5485	228	65	nominal	nominal	ADJ
fueconorg-5485	228	66	exchange	exchange	NOUN
fueconorg-5485	228	67	rate	rate	NOUN
fueconorg-5485	228	68	in	in	ADP
fueconorg-5485	228	69	the	the	DET
fueconorg-5485	228	70	long	long	ADJ
fueconorg-5485	228	71	-	-	PUNCT
fueconorg-5485	228	72	term	term	NOUN
fueconorg-5485	228	73	)	)	PUNCT
fueconorg-5485	228	74	to	to	ADP
fueconorg-5485	228	75	foreign	foreign	ADJ
fueconorg-5485	228	76	exchange	exchange	NOUN
fueconorg-5485	228	77	reserves	reserve	NOUN
fueconorg-5485	228	78	.	.	PUNCT
fueconorg-5485	229	1	as	as	SCONJ
fueconorg-5485	229	2	there	there	PRON
fueconorg-5485	229	3	is	be	VERB
fueconorg-5485	229	4	a	a	DET
fueconorg-5485	229	5	significant	significant	ADJ
fueconorg-5485	229	6	long	long	ADJ
fueconorg-5485	229	7	-	-	PUNCT
fueconorg-5485	229	8	term	term	NOUN
fueconorg-5485	229	9	relationship	relationship	NOUN
fueconorg-5485	229	10	between	between	ADP
fueconorg-5485	229	11	foreign	foreign	ADJ
fueconorg-5485	229	12	exchange	exchange	NOUN
fueconorg-5485	229	13	reserves	reserve	NOUN
fueconorg-5485	229	14	and	and	CCONJ
fueconorg-5485	229	15	the	the	DET
fueconorg-5485	229	16	nominal	nominal	ADJ
fueconorg-5485	229	17	exchange	exchange	NOUN
fueconorg-5485	229	18	rate	rate	NOUN
fueconorg-5485	229	19	,	,	PUNCT
fueconorg-5485	229	20	the	the	DET
fueconorg-5485	229	21	accumulation	accumulation	NOUN
fueconorg-5485	229	22	of	of	ADP
fueconorg-5485	229	23	foreign	foreign	ADJ
fueconorg-5485	229	24	exchange	exchange	NOUN
fueconorg-5485	229	25	reserves	reserve	NOUN
fueconorg-5485	229	26	is	be	AUX
fueconorg-5485	229	27	more	more	ADJ
fueconorg-5485	229	28	than	than	ADP
fueconorg-5485	229	29	456	456	NUM
fueconorg-5485	229	30	i.	i.	NOUN
fueconorg-5485	229	31	marjanović	marjanović	NOUN
fueconorg-5485	229	32	,	,	PUNCT
fueconorg-5485	229	33	m.	m.	NOUN
fueconorg-5485	229	34	marković	marković	NOUN
fueconorg-5485	229	35	necessary	necessary	ADJ
fueconorg-5485	229	36	to	to	PART
fueconorg-5485	229	37	mitigate	mitigate	VERB
fueconorg-5485	229	38	the	the	DET
fueconorg-5485	229	39	negative	negative	ADJ
fueconorg-5485	229	40	effects	effect	NOUN
fueconorg-5485	229	41	of	of	ADP
fueconorg-5485	229	42	future	future	ADJ
fueconorg-5485	229	43	crises	crisis	NOUN
fueconorg-5485	229	44	on	on	ADP
fueconorg-5485	229	45	the	the	DET
fueconorg-5485	229	46	exchange	exchange	NOUN
fueconorg-5485	229	47	rate	rate	NOUN
fueconorg-5485	229	48	and	and	CCONJ
fueconorg-5485	229	49	for	for	ADP
fueconorg-5485	229	50	the	the	DET
fueconorg-5485	229	51	sustainability	sustainability	NOUN
fueconorg-5485	229	52	of	of	ADP
fueconorg-5485	229	53	the	the	DET
fueconorg-5485	229	54	managed	manage	VERB
fueconorg-5485	229	55	exchange	exchange	NOUN
fueconorg-5485	229	56	rate	rate	NOUN
fueconorg-5485	229	57	regime	regime	NOUN
fueconorg-5485	229	58	.	.	PUNCT
fueconorg-5485	230	1	the	the	DET
fueconorg-5485	230	2	stockpiling	stockpiling	NOUN
fueconorg-5485	230	3	of	of	ADP
fueconorg-5485	230	4	foreign	foreign	ADJ
fueconorg-5485	230	5	exchange	exchange	NOUN
fueconorg-5485	230	6	reserves	reserve	NOUN
fueconorg-5485	230	7	may	may	AUX
fueconorg-5485	230	8	also	also	ADV
fueconorg-5485	230	9	reflect	reflect	VERB
fueconorg-5485	230	10	the	the	DET
fueconorg-5485	230	11	aspirations	aspiration	NOUN
fueconorg-5485	230	12	to	to	PART
fueconorg-5485	230	13	improve	improve	VERB
fueconorg-5485	230	14	serbia	serbia	PROPN
fueconorg-5485	230	15	's	's	PART
fueconorg-5485	230	16	credit	credit	NOUN
fueconorg-5485	230	17	rating	rating	NOUN
fueconorg-5485	230	18	in	in	ADP
fueconorg-5485	230	19	order	order	NOUN
fueconorg-5485	230	20	to	to	PART
fueconorg-5485	230	21	attract	attract	VERB
fueconorg-5485	230	22	foreign	foreign	ADJ
fueconorg-5485	230	23	direct	direct	ADJ
fueconorg-5485	230	24	investment	investment	NOUN
fueconorg-5485	230	25	and	and	CCONJ
fueconorg-5485	230	26	portfolio	portfolio	NOUN
fueconorg-5485	230	27	investments	investment	NOUN
fueconorg-5485	230	28	.	.	PUNCT
fueconorg-5485	231	1	low	low	ADJ
fueconorg-5485	231	2	inflation	inflation	NOUN
fueconorg-5485	231	3	,	,	PUNCT
fueconorg-5485	231	4	which	which	PRON
fueconorg-5485	231	5	is	be	AUX
fueconorg-5485	231	6	a	a	DET
fueconorg-5485	231	7	long	long	ADJ
fueconorg-5485	231	8	standing	standing	NOUN
fueconorg-5485	231	9	result	result	NOUN
fueconorg-5485	231	10	of	of	ADP
fueconorg-5485	231	11	the	the	DET
fueconorg-5485	231	12	implementation	implementation	NOUN
fueconorg-5485	231	13	of	of	ADP
fueconorg-5485	231	14	the	the	DET
fueconorg-5485	231	15	inflation	inflation	NOUN
fueconorg-5485	231	16	targeting	target	VERB
fueconorg-5485	231	17	strategy	strategy	NOUN
fueconorg-5485	231	18	,	,	PUNCT
fueconorg-5485	231	19	as	as	ADV
fueconorg-5485	231	20	well	well	ADV
fueconorg-5485	231	21	as	as	ADP
fueconorg-5485	231	22	the	the	DET
fueconorg-5485	231	23	improvement	improvement	NOUN
fueconorg-5485	231	24	of	of	ADP
fueconorg-5485	231	25	the	the	DET
fueconorg-5485	231	26	economic	economic	ADJ
fueconorg-5485	231	27	and	and	CCONJ
fueconorg-5485	231	28	fiscal	fiscal	ADJ
fueconorg-5485	231	29	situation	situation	NOUN
fueconorg-5485	231	30	,	,	PUNCT
fueconorg-5485	231	31	are	be	AUX
fueconorg-5485	231	32	domestic	domestic	ADJ
fueconorg-5485	231	33	factors	factor	NOUN
fueconorg-5485	231	34	that	that	PRON
fueconorg-5485	231	35	,	,	PUNCT
fueconorg-5485	231	36	on	on	ADP
fueconorg-5485	231	37	the	the	DET
fueconorg-5485	231	38	other	other	ADJ
fueconorg-5485	231	39	hand	hand	NOUN
fueconorg-5485	231	40	,	,	PUNCT
fueconorg-5485	231	41	will	will	AUX
fueconorg-5485	231	42	enable	enable	VERB
fueconorg-5485	231	43	a	a	DET
fueconorg-5485	231	44	stable	stable	ADJ
fueconorg-5485	231	45	exchange	exchange	NOUN
fueconorg-5485	231	46	rate	rate	NOUN
fueconorg-5485	231	47	and	and	CCONJ
fueconorg-5485	231	48	preserve	preserve	VERB
fueconorg-5485	231	49	an	an	DET
fueconorg-5485	231	50	adequate	adequate	ADJ
fueconorg-5485	231	51	level	level	NOUN
fueconorg-5485	231	52	of	of	ADP
fueconorg-5485	231	53	foreign	foreign	ADJ
fueconorg-5485	231	54	exchange	exchange	NOUN
fueconorg-5485	231	55	reserves	reserve	NOUN
fueconorg-5485	231	56	in	in	ADP
fueconorg-5485	231	57	the	the	DET
fueconorg-5485	231	58	event	event	NOUN
fueconorg-5485	231	59	of	of	ADP
fueconorg-5485	231	60	potential	potential	ADJ
fueconorg-5485	231	61	external	external	ADJ
fueconorg-5485	231	62	shocks	shock	NOUN
fueconorg-5485	231	63	,	,	PUNCT
fueconorg-5485	231	64	thereby	thereby	ADV
fueconorg-5485	231	65	increasing	increase	VERB
fueconorg-5485	231	66	resilience	resilience	NOUN
fueconorg-5485	231	67	to	to	ADP
fueconorg-5485	231	68	future	future	ADJ
fueconorg-5485	231	69	currency	currency	NOUN
fueconorg-5485	231	70	crisis	crisis	NOUN
fueconorg-5485	231	71	.	.	PUNCT
fueconorg-5485	232	1	5	5	X
fueconorg-5485	232	2	.	.	X
fueconorg-5485	232	3	conclusion	conclusion	NOUN
fueconorg-5485	232	4	the	the	DET
fueconorg-5485	232	5	aim	aim	NOUN
fueconorg-5485	232	6	of	of	ADP
fueconorg-5485	232	7	this	this	DET
fueconorg-5485	232	8	paper	paper	NOUN
fueconorg-5485	232	9	was	be	AUX
fueconorg-5485	232	10	to	to	PART
fueconorg-5485	232	11	provide	provide	VERB
fueconorg-5485	232	12	a	a	DET
fueconorg-5485	232	13	comprehensive	comprehensive	ADJ
fueconorg-5485	232	14	analysis	analysis	NOUN
fueconorg-5485	232	15	of	of	ADP
fueconorg-5485	232	16	the	the	DET
fueconorg-5485	232	17	co	co	NOUN
fueconorg-5485	232	18	-	-	NOUN
fueconorg-5485	232	19	movement	movement	NOUN
fueconorg-5485	232	20	between	between	ADP
fueconorg-5485	232	21	the	the	DET
fueconorg-5485	232	22	exchange	exchange	NOUN
fueconorg-5485	232	23	rates	rate	NOUN
fueconorg-5485	232	24	(	(	PUNCT
fueconorg-5485	232	25	real	real	ADJ
fueconorg-5485	232	26	and	and	CCONJ
fueconorg-5485	232	27	nominal	nominal	ADJ
fueconorg-5485	232	28	)	)	PUNCT
fueconorg-5485	232	29	and	and	CCONJ
fueconorg-5485	232	30	foreign	foreign	ADJ
fueconorg-5485	232	31	exchange	exchange	NOUN
fueconorg-5485	232	32	reserves	reserve	NOUN
fueconorg-5485	232	33	.	.	PUNCT
fueconorg-5485	233	1	most	most	ADJ
fueconorg-5485	233	2	of	of	ADP
fueconorg-5485	233	3	the	the	DET
fueconorg-5485	233	4	conventional	conventional	ADJ
fueconorg-5485	233	5	cointegration	cointegration	NOUN
fueconorg-5485	233	6	approaches	approach	VERB
fueconorg-5485	233	7	disregard	disregard	VERB
fueconorg-5485	233	8	the	the	DET
fueconorg-5485	233	9	possibility	possibility	NOUN
fueconorg-5485	233	10	of	of	ADP
fueconorg-5485	233	11	structural	structural	ADJ
fueconorg-5485	233	12	break	break	NOUN
fueconorg-5485	233	13	,	,	PUNCT
fueconorg-5485	233	14	which	which	PRON
fueconorg-5485	233	15	could	could	AUX
fueconorg-5485	233	16	result	result	VERB
fueconorg-5485	233	17	in	in	ADP
fueconorg-5485	233	18	mistaken	mistaken	ADJ
fueconorg-5485	233	19	conclusion	conclusion	NOUN
fueconorg-5485	233	20	.	.	PUNCT
fueconorg-5485	234	1	therefore	therefore	ADV
fueconorg-5485	234	2	,	,	PUNCT
fueconorg-5485	234	3	the	the	DET
fueconorg-5485	234	4	research	research	NOUN
fueconorg-5485	234	5	methodology	methodology	NOUN
fueconorg-5485	234	6	took	take	VERB
fueconorg-5485	234	7	into	into	ADP
fueconorg-5485	234	8	account	account	NOUN
fueconorg-5485	234	9	the	the	DET
fueconorg-5485	234	10	possible	possible	ADJ
fueconorg-5485	234	11	structural	structural	ADJ
fueconorg-5485	234	12	break	break	NOUN
fueconorg-5485	234	13	,	,	PUNCT
fueconorg-5485	234	14	in	in	ADP
fueconorg-5485	234	15	order	order	NOUN
fueconorg-5485	234	16	to	to	PART
fueconorg-5485	234	17	avoid	avoid	VERB
fueconorg-5485	234	18	biased	biased	ADJ
fueconorg-5485	234	19	results	result	NOUN
fueconorg-5485	234	20	.	.	PUNCT
fueconorg-5485	235	1	the	the	DET
fueconorg-5485	235	2	paper	paper	NOUN
fueconorg-5485	235	3	focused	focus	VERB
fueconorg-5485	235	4	on	on	ADP
fueconorg-5485	235	5	the	the	DET
fueconorg-5485	235	6	long	long	ADJ
fueconorg-5485	235	7	and	and	CCONJ
fueconorg-5485	235	8	the	the	DET
fueconorg-5485	235	9	short	short	ADJ
fueconorg-5485	235	10	-	-	PUNCT
fueconorg-5485	235	11	run	run	NOUN
fueconorg-5485	235	12	relationship	relationship	NOUN
fueconorg-5485	235	13	between	between	ADP
fueconorg-5485	235	14	exchange	exchange	NOUN
fueconorg-5485	235	15	rate	rate	NOUN
fueconorg-5485	235	16	and	and	CCONJ
fueconorg-5485	235	17	foreign	foreign	ADJ
fueconorg-5485	235	18	exchange	exchange	NOUN
fueconorg-5485	235	19	reserves	reserve	NOUN
fueconorg-5485	235	20	.	.	PUNCT
fueconorg-5485	236	1	the	the	DET
fueconorg-5485	236	2	results	result	NOUN
fueconorg-5485	236	3	revealed	reveal	VERB
fueconorg-5485	236	4	that	that	SCONJ
fueconorg-5485	236	5	all	all	DET
fueconorg-5485	236	6	analyzed	analyze	VERB
fueconorg-5485	236	7	variables	variable	NOUN
fueconorg-5485	236	8	were	be	AUX
fueconorg-5485	236	9	nonstationary	nonstationary	ADJ
fueconorg-5485	236	10	at	at	ADP
fueconorg-5485	236	11	level	level	NOUN
fueconorg-5485	236	12	,	,	PUNCT
fueconorg-5485	236	13	but	but	CCONJ
fueconorg-5485	236	14	stationary	stationary	ADJ
fueconorg-5485	236	15	at	at	ADP
fueconorg-5485	236	16	first	first	ADJ
fueconorg-5485	236	17	difference	difference	NOUN
fueconorg-5485	236	18	,	,	PUNCT
fueconorg-5485	236	19	and	and	CCONJ
fueconorg-5485	236	20	that	that	SCONJ
fueconorg-5485	236	21	there	there	PRON
fueconorg-5485	236	22	was	be	VERB
fueconorg-5485	236	23	a	a	DET
fueconorg-5485	236	24	single	single	ADJ
fueconorg-5485	236	25	structural	structural	ADJ
fueconorg-5485	236	26	break	break	NOUN
fueconorg-5485	236	27	in	in	ADP
fueconorg-5485	236	28	the	the	DET
fueconorg-5485	236	29	series	series	NOUN
fueconorg-5485	236	30	,	,	PUNCT
fueconorg-5485	236	31	which	which	PRON
fueconorg-5485	236	32	coincides	coincide	VERB
fueconorg-5485	236	33	with	with	ADP
fueconorg-5485	236	34	the	the	DET
fueconorg-5485	236	35	periods	period	NOUN
fueconorg-5485	236	36	of	of	ADP
fueconorg-5485	236	37	financial	financial	ADJ
fueconorg-5485	236	38	and	and	CCONJ
fueconorg-5485	236	39	economic	economic	ADJ
fueconorg-5485	236	40	crises	crisis	NOUN
fueconorg-5485	236	41	in	in	ADP
fueconorg-5485	236	42	the	the	DET
fueconorg-5485	236	43	republic	republic	NOUN
fueconorg-5485	236	44	of	of	ADP
fueconorg-5485	236	45	serbia	serbia	PROPN
fueconorg-5485	236	46	.	.	PUNCT
fueconorg-5485	237	1	conventional	conventional	ADJ
fueconorg-5485	237	2	cointegration	cointegration	NOUN
fueconorg-5485	237	3	test	test	NOUN
fueconorg-5485	237	4	(	(	PUNCT
fueconorg-5485	237	5	engle	engle	NOUN
fueconorg-5485	237	6	-	-	PUNCT
fueconorg-5485	237	7	granger	granger	PROPN
fueconorg-5485	237	8	test	test	NOUN
fueconorg-5485	237	9	)	)	PUNCT
fueconorg-5485	237	10	have	have	AUX
fueconorg-5485	237	11	not	not	PART
fueconorg-5485	237	12	detected	detect	VERB
fueconorg-5485	237	13	cointegration	cointegration	NOUN
fueconorg-5485	237	14	between	between	ADP
fueconorg-5485	237	15	analyzed	analyze	VERB
fueconorg-5485	237	16	variables	variable	NOUN
fueconorg-5485	237	17	.	.	PUNCT
fueconorg-5485	238	1	however	however	ADV
fueconorg-5485	238	2	,	,	PUNCT
fueconorg-5485	238	3	gregory	gregory	PROPN
fueconorg-5485	238	4	-	-	PUNCT
fueconorg-5485	238	5	hansen	hansen	PROPN
fueconorg-5485	238	6	test	test	PROPN
fueconorg-5485	238	7	,	,	PUNCT
fueconorg-5485	238	8	which	which	PRON
fueconorg-5485	238	9	allows	allow	VERB
fueconorg-5485	238	10	for	for	ADP
fueconorg-5485	238	11	a	a	DET
fueconorg-5485	238	12	single	single	ADJ
fueconorg-5485	238	13	shift	shift	NOUN
fueconorg-5485	238	14	in	in	ADP
fueconorg-5485	238	15	the	the	DET
fueconorg-5485	238	16	series	series	NOUN
fueconorg-5485	238	17	,	,	PUNCT
fueconorg-5485	238	18	has	have	AUX
fueconorg-5485	238	19	detected	detect	VERB
fueconorg-5485	238	20	the	the	DET
fueconorg-5485	238	21	existence	existence	NOUN
fueconorg-5485	238	22	of	of	ADP
fueconorg-5485	238	23	cointegration	cointegration	NOUN
fueconorg-5485	238	24	.	.	PUNCT
fueconorg-5485	239	1	the	the	DET
fueconorg-5485	239	2	causality	causality	NOUN
fueconorg-5485	239	3	tests	test	NOUN
fueconorg-5485	239	4	have	have	AUX
fueconorg-5485	239	5	proven	prove	VERB
fueconorg-5485	239	6	the	the	DET
fueconorg-5485	239	7	existence	existence	NOUN
fueconorg-5485	239	8	of	of	ADP
fueconorg-5485	239	9	a	a	DET
fueconorg-5485	239	10	long	long	ADV
fueconorg-5485	239	11	-	-	PUNCT
fueconorg-5485	239	12	run	run	NOUN
fueconorg-5485	239	13	interdependence	interdependence	NOUN
fueconorg-5485	239	14	between	between	ADP
fueconorg-5485	239	15	foreign	foreign	ADJ
fueconorg-5485	239	16	exchange	exchange	NOUN
fueconorg-5485	239	17	reserves	reserve	NOUN
fueconorg-5485	239	18	and	and	CCONJ
fueconorg-5485	239	19	nominal	nominal	ADJ
fueconorg-5485	239	20	exchange	exchange	NOUN
fueconorg-5485	239	21	rate	rate	NOUN
fueconorg-5485	239	22	.	.	PUNCT
fueconorg-5485	240	1	conversely	conversely	ADV
fueconorg-5485	240	2	,	,	PUNCT
fueconorg-5485	240	3	there	there	PRON
fueconorg-5485	240	4	was	be	VERB
fueconorg-5485	240	5	no	no	DET
fueconorg-5485	240	6	evidence	evidence	NOUN
fueconorg-5485	240	7	of	of	ADP
fueconorg-5485	240	8	long	long	ADV
fueconorg-5485	240	9	-	-	PUNCT
fueconorg-5485	240	10	run	run	NOUN
fueconorg-5485	240	11	interdependence	interdependence	NOUN
fueconorg-5485	240	12	between	between	ADP
fueconorg-5485	240	13	foreign	foreign	ADJ
fueconorg-5485	240	14	exchange	exchange	NOUN
fueconorg-5485	240	15	reserves	reserve	NOUN
fueconorg-5485	240	16	and	and	CCONJ
fueconorg-5485	240	17	the	the	DET
fueconorg-5485	240	18	real	real	ADJ
fueconorg-5485	240	19	exchange	exchange	NOUN
fueconorg-5485	240	20	rate	rate	NOUN
fueconorg-5485	240	21	.	.	PUNCT
fueconorg-5485	241	1	yet	yet	ADV
fueconorg-5485	241	2	,	,	PUNCT
fueconorg-5485	241	3	the	the	DET
fueconorg-5485	241	4	results	result	NOUN
fueconorg-5485	241	5	of	of	ADP
fueconorg-5485	241	6	granger	granger	NOUN
fueconorg-5485	241	7	-	-	PUNCT
fueconorg-5485	241	8	causality	causality	NOUN
fueconorg-5485	241	9	test	test	NOUN
fueconorg-5485	241	10	indicated	indicate	VERB
fueconorg-5485	241	11	that	that	SCONJ
fueconorg-5485	241	12	there	there	PRON
fueconorg-5485	241	13	was	be	VERB
fueconorg-5485	241	14	unidirectional	unidirectional	ADJ
fueconorg-5485	241	15	short	short	ADJ
fueconorg-5485	241	16	-	-	PUNCT
fueconorg-5485	241	17	run	run	NOUN
fueconorg-5485	241	18	causality	causality	NOUN
fueconorg-5485	241	19	,	,	PUNCT
fueconorg-5485	241	20	from	from	ADP
fueconorg-5485	241	21	real	real	ADJ
fueconorg-5485	241	22	exchange	exchange	NOUN
fueconorg-5485	241	23	rate	rate	NOUN
fueconorg-5485	241	24	towards	towards	ADP
fueconorg-5485	241	25	foreign	foreign	ADJ
fueconorg-5485	241	26	exchange	exchange	NOUN
fueconorg-5485	241	27	reserves	reserve	NOUN
fueconorg-5485	241	28	.	.	PUNCT
fueconorg-5485	242	1	this	this	DET
fueconorg-5485	242	2	causality	causality	NOUN
fueconorg-5485	242	3	indicates	indicate	VERB
fueconorg-5485	242	4	that	that	SCONJ
fueconorg-5485	242	5	the	the	DET
fueconorg-5485	242	6	prediction	prediction	NOUN
fueconorg-5485	242	7	of	of	ADP
fueconorg-5485	242	8	the	the	DET
fueconorg-5485	242	9	future	future	ADJ
fueconorg-5485	242	10	values	value	NOUN
fueconorg-5485	242	11	of	of	ADP
fueconorg-5485	242	12	foreign	foreign	ADJ
fueconorg-5485	242	13	exchange	exchange	NOUN
fueconorg-5485	242	14	reserves	reserve	NOUN
fueconorg-5485	242	15	would	would	AUX
fueconorg-5485	242	16	be	be	AUX
fueconorg-5485	242	17	better	well	ADJ
fueconorg-5485	242	18	if	if	SCONJ
fueconorg-5485	242	19	the	the	DET
fueconorg-5485	242	20	past	past	ADJ
fueconorg-5485	242	21	values	value	NOUN
fueconorg-5485	242	22	of	of	ADP
fueconorg-5485	242	23	real	real	ADJ
fueconorg-5485	242	24	exchange	exchange	NOUN
fueconorg-5485	242	25	rate	rate	NOUN
fueconorg-5485	242	26	are	be	AUX
fueconorg-5485	242	27	also	also	ADV
fueconorg-5485	242	28	considered	consider	VERB
fueconorg-5485	242	29	.	.	PUNCT
fueconorg-5485	243	1	this	this	DET
fueconorg-5485	243	2	paper	paper	NOUN
fueconorg-5485	243	3	contributes	contribute	VERB
fueconorg-5485	243	4	to	to	ADP
fueconorg-5485	243	5	the	the	DET
fueconorg-5485	243	6	literature	literature	NOUN
fueconorg-5485	243	7	on	on	ADP
fueconorg-5485	243	8	the	the	DET
fueconorg-5485	243	9	interdependence	interdependence	NOUN
fueconorg-5485	243	10	between	between	ADP
fueconorg-5485	243	11	exchange	exchange	NOUN
fueconorg-5485	243	12	rates	rate	NOUN
fueconorg-5485	243	13	and	and	CCONJ
fueconorg-5485	243	14	foreign	foreign	ADJ
fueconorg-5485	243	15	exchange	exchange	NOUN
fueconorg-5485	243	16	reserves	reserve	NOUN
fueconorg-5485	243	17	in	in	ADP
fueconorg-5485	243	18	the	the	DET
fueconorg-5485	243	19	developing	develop	VERB
fueconorg-5485	243	20	countries	country	NOUN
fueconorg-5485	243	21	,	,	PUNCT
fueconorg-5485	243	22	on	on	ADP
fueconorg-5485	243	23	an	an	DET
fueconorg-5485	243	24	example	example	NOUN
fueconorg-5485	243	25	of	of	ADP
fueconorg-5485	243	26	the	the	DET
fueconorg-5485	243	27	republic	republic	NOUN
fueconorg-5485	243	28	of	of	ADP
fueconorg-5485	243	29	serbia	serbia	PROPN
fueconorg-5485	243	30	.	.	PUNCT
fueconorg-5485	244	1	however	however	ADV
fueconorg-5485	244	2	,	,	PUNCT
fueconorg-5485	244	3	the	the	DET
fueconorg-5485	244	4	research	research	NOUN
fueconorg-5485	244	5	faces	face	VERB
fueconorg-5485	244	6	some	some	DET
fueconorg-5485	244	7	limitations	limitation	NOUN
fueconorg-5485	244	8	.	.	PUNCT
fueconorg-5485	245	1	the	the	DET
fueconorg-5485	245	2	first	first	ADJ
fueconorg-5485	245	3	limitation	limitation	NOUN
fueconorg-5485	245	4	concerns	concern	VERB
fueconorg-5485	245	5	the	the	DET
fueconorg-5485	245	6	methodology	methodology	NOUN
fueconorg-5485	245	7	applied	apply	VERB
fueconorg-5485	245	8	.	.	PUNCT
fueconorg-5485	246	1	the	the	DET
fueconorg-5485	246	2	results	result	NOUN
fueconorg-5485	246	3	of	of	ADP
fueconorg-5485	246	4	the	the	DET
fueconorg-5485	246	5	analysis	analysis	NOUN
fueconorg-5485	246	6	are	be	AUX
fueconorg-5485	246	7	affected	affect	VERB
fueconorg-5485	246	8	by	by	ADP
fueconorg-5485	246	9	the	the	DET
fueconorg-5485	246	10	applied	apply	VERB
fueconorg-5485	246	11	lag	lag	NOUN
fueconorg-5485	246	12	length	length	NOUN
fueconorg-5485	246	13	,	,	PUNCT
fueconorg-5485	246	14	and	and	CCONJ
fueconorg-5485	246	15	since	since	SCONJ
fueconorg-5485	246	16	there	there	PRON
fueconorg-5485	246	17	are	be	VERB
fueconorg-5485	246	18	various	various	ADJ
fueconorg-5485	246	19	methods	method	NOUN
fueconorg-5485	246	20	for	for	ADP
fueconorg-5485	246	21	determination	determination	NOUN
fueconorg-5485	246	22	of	of	ADP
fueconorg-5485	246	23	the	the	DET
fueconorg-5485	246	24	lag	lag	NOUN
fueconorg-5485	246	25	length	length	NOUN
fueconorg-5485	246	26	,	,	PUNCT
fueconorg-5485	246	27	it	it	PRON
fueconorg-5485	246	28	is	be	AUX
fueconorg-5485	246	29	possible	possible	ADJ
fueconorg-5485	246	30	that	that	SCONJ
fueconorg-5485	246	31	the	the	DET
fueconorg-5485	246	32	application	application	NOUN
fueconorg-5485	246	33	of	of	ADP
fueconorg-5485	246	34	different	different	ADJ
fueconorg-5485	246	35	information	information	NOUN
fueconorg-5485	246	36	criterion	criterion	NOUN
fueconorg-5485	246	37	would	would	AUX
fueconorg-5485	246	38	indicate	indicate	VERB
fueconorg-5485	246	39	different	different	ADJ
fueconorg-5485	246	40	lag	lag	NOUN
fueconorg-5485	246	41	length	length	NOUN
fueconorg-5485	246	42	which	which	PRON
fueconorg-5485	246	43	could	could	AUX
fueconorg-5485	246	44	result	result	VERB
fueconorg-5485	246	45	in	in	ADP
fueconorg-5485	246	46	different	different	ADJ
fueconorg-5485	246	47	conclusions	conclusion	NOUN
fueconorg-5485	246	48	.	.	PUNCT
fueconorg-5485	247	1	the	the	DET
fueconorg-5485	247	2	second	second	ADJ
fueconorg-5485	247	3	limitation	limitation	NOUN
fueconorg-5485	247	4	concerns	concern	VERB
fueconorg-5485	247	5	the	the	DET
fueconorg-5485	247	6	scope	scope	NOUN
fueconorg-5485	247	7	of	of	ADP
fueconorg-5485	247	8	the	the	DET
fueconorg-5485	247	9	study	study	NOUN
fueconorg-5485	247	10	,	,	PUNCT
fueconorg-5485	247	11	since	since	SCONJ
fueconorg-5485	247	12	there	there	PRON
fueconorg-5485	247	13	may	may	AUX
fueconorg-5485	247	14	be	be	AUX
fueconorg-5485	247	15	some	some	DET
fueconorg-5485	247	16	other	other	ADJ
fueconorg-5485	247	17	macroeconomic	macroeconomic	ADJ
fueconorg-5485	247	18	variables	variable	NOUN
fueconorg-5485	247	19	whose	whose	DET
fueconorg-5485	247	20	influence	influence	NOUN
fueconorg-5485	247	21	was	be	AUX
fueconorg-5485	247	22	not	not	PART
fueconorg-5485	247	23	taken	take	VERB
fueconorg-5485	247	24	into	into	ADP
fueconorg-5485	247	25	consideration	consideration	NOUN
fueconorg-5485	247	26	.	.	PUNCT
fueconorg-5485	248	1	in	in	ADP
fueconorg-5485	248	2	order	order	NOUN
fueconorg-5485	248	3	to	to	PART
fueconorg-5485	248	4	respond	respond	VERB
fueconorg-5485	248	5	to	to	ADP
fueconorg-5485	248	6	these	these	DET
fueconorg-5485	248	7	limitations	limitation	NOUN
fueconorg-5485	248	8	,	,	PUNCT
fueconorg-5485	248	9	research	research	NOUN
fueconorg-5485	248	10	can	can	AUX
fueconorg-5485	248	11	be	be	AUX
fueconorg-5485	248	12	extended	extend	VERB
fueconorg-5485	248	13	in	in	ADP
fueconorg-5485	248	14	various	various	ADJ
fueconorg-5485	248	15	directions	direction	NOUN
fueconorg-5485	248	16	.	.	PUNCT
fueconorg-5485	249	1	firstly	firstly	ADV
fueconorg-5485	249	2	,	,	PUNCT
fueconorg-5485	249	3	some	some	DET
fueconorg-5485	249	4	new	new	ADJ
fueconorg-5485	249	5	macroeconomic	macroeconomic	ADJ
fueconorg-5485	249	6	variables	variable	NOUN
fueconorg-5485	249	7	can	can	AUX
fueconorg-5485	249	8	be	be	AUX
fueconorg-5485	249	9	introduced	introduce	VERB
fueconorg-5485	249	10	into	into	ADP
fueconorg-5485	249	11	the	the	DET
fueconorg-5485	249	12	analysis	analysis	NOUN
fueconorg-5485	249	13	.	.	PUNCT
fueconorg-5485	250	1	secondly	secondly	ADV
fueconorg-5485	250	2	,	,	PUNCT
fueconorg-5485	250	3	it	it	PRON
fueconorg-5485	250	4	is	be	AUX
fueconorg-5485	250	5	possible	possible	ADJ
fueconorg-5485	250	6	to	to	PART
fueconorg-5485	250	7	examine	examine	VERB
fueconorg-5485	250	8	the	the	DET
fueconorg-5485	250	9	impact	impact	NOUN
fueconorg-5485	250	10	of	of	ADP
fueconorg-5485	250	11	lag	lag	NOUN
fueconorg-5485	250	12	length	length	NOUN
fueconorg-5485	250	13	determined	determine	VERB
fueconorg-5485	250	14	by	by	ADP
fueconorg-5485	250	15	different	different	ADJ
fueconorg-5485	250	16	information	information	NOUN
fueconorg-5485	250	17	criteria	criterion	NOUN
fueconorg-5485	250	18	on	on	ADP
fueconorg-5485	250	19	the	the	DET
fueconorg-5485	250	20	obtained	obtain	VERB
fueconorg-5485	250	21	results	result	NOUN
fueconorg-5485	250	22	.	.	PUNCT
fueconorg-5485	251	1	causality	causality	NOUN
fueconorg-5485	251	2	between	between	ADP
fueconorg-5485	251	3	exchange	exchange	NOUN
fueconorg-5485	251	4	rates	rate	NOUN
fueconorg-5485	251	5	and	and	CCONJ
fueconorg-5485	251	6	foreign	foreign	ADJ
fueconorg-5485	251	7	exchange	exchange	NOUN
fueconorg-5485	251	8	reserves	reserve	NOUN
fueconorg-5485	251	9	:	:	PUNCT
fueconorg-5485	251	10	serbian	serbian	ADJ
fueconorg-5485	251	11	case	case	NOUN
fueconorg-5485	251	12	457	457	NUM
fueconorg-5485	251	13	acknowledgement	acknowledgement	NOUN
fueconorg-5485	251	14	:	:	PUNCT
fueconorg-5485	251	15	the	the	DET
fueconorg-5485	251	16	paper	paper	NOUN
fueconorg-5485	251	17	is	be	AUX
fueconorg-5485	251	18	a	a	DET
fueconorg-5485	251	19	part	part	NOUN
fueconorg-5485	251	20	of	of	ADP
fueconorg-5485	251	21	the	the	DET
fueconorg-5485	251	22	research	research	NOUN
fueconorg-5485	251	23	done	do	VERB
fueconorg-5485	251	24	within	within	ADP
fueconorg-5485	251	25	the	the	DET
fueconorg-5485	251	26	project	project	NOUN
fueconorg-5485	251	27	no	no	NOUN
fueconorg-5485	251	28	.	.	NOUN
fueconorg-5485	251	29	179066	179066	NUM
fueconorg-5485	251	30	,	,	PUNCT
fueconorg-5485	251	31	titled	title	VERB
fueconorg-5485	251	32	“	"	PUNCT
fueconorg-5485	251	33	improving	improve	VERB
fueconorg-5485	251	34	the	the	DET
fueconorg-5485	251	35	competitiveness	competitiveness	NOUN
fueconorg-5485	251	36	of	of	ADP
fueconorg-5485	251	37	the	the	DET
fueconorg-5485	251	38	public	public	ADJ
fueconorg-5485	251	39	and	and	CCONJ
fueconorg-5485	251	40	private	private	ADJ
fueconorg-5485	251	41	sector	sector	NOUN
fueconorg-5485	251	42	by	by	ADP
fueconorg-5485	251	43	networking	network	VERB
fueconorg-5485	251	44	competencies	competency	NOUN
fueconorg-5485	251	45	in	in	ADP
fueconorg-5485	251	46	the	the	DET
fueconorg-5485	251	47	process	process	NOUN
fueconorg-5485	251	48	of	of	ADP
fueconorg-5485	251	49	the	the	DET
fueconorg-5485	251	50	european	european	ADJ
fueconorg-5485	251	51	integration	integration	NOUN
fueconorg-5485	251	52	of	of	ADP
fueconorg-5485	251	53	serbia	serbia	PROPN
fueconorg-5485	251	54	”	"	PUNCT
fueconorg-5485	251	55	,	,	PUNCT
fueconorg-5485	251	56	financed	finance	VERB
fueconorg-5485	251	57	by	by	ADP
fueconorg-5485	251	58	the	the	DET
fueconorg-5485	251	59	ministry	ministry	PROPN
fueconorg-5485	251	60	of	of	ADP
fueconorg-5485	251	61	education	education	PROPN
fueconorg-5485	251	62	,	,	PUNCT
fueconorg-5485	251	63	science	science	NOUN
fueconorg-5485	251	64	and	and	CCONJ
fueconorg-5485	251	65	technological	technological	ADJ
fueconorg-5485	251	66	development	development	NOUN
fueconorg-5485	251	67	.	.	PUNCT
fueconorg-5485	252	1	references	reference	NOUN
fueconorg-5485	252	2	abenoja	abenoja	ADV
fueconorg-5485	252	3	,	,	PUNCT
fueconorg-5485	252	4	z.	z.	PROPN
fueconorg-5485	252	5	(	(	PUNCT
fueconorg-5485	252	6	2003	2003	NUM
fueconorg-5485	252	7	)	)	PUNCT
fueconorg-5485	252	8	.	.	PUNCT
fueconorg-5485	253	1	foreign	foreign	ADJ
fueconorg-5485	253	2	exchange	exchange	NOUN
fueconorg-5485	253	3	market	market	NOUN
fueconorg-5485	253	4	intervention	intervention	NOUN
fueconorg-5485	253	5	:	:	PUNCT
fueconorg-5485	253	6	a	a	DET
fueconorg-5485	253	7	short	short	ADJ
fueconorg-5485	253	8	review	review	NOUN
fueconorg-5485	253	9	of	of	ADP
fueconorg-5485	253	10	transmission	transmission	NOUN
fueconorg-5485	253	11	channels	channel	NOUN
fueconorg-5485	253	12	and	and	CCONJ
fueconorg-5485	253	13	practices	practice	NOUN
fueconorg-5485	253	14	.	.	PUNCT
fueconorg-5485	254	1	bangko	bangko	PROPN
fueconorg-5485	254	2	sentral	sentral	PROPN
fueconorg-5485	254	3	review	review	PROPN
fueconorg-5485	254	4	,	,	PUNCT
fueconorg-5485	254	5	5	5	NUM
fueconorg-5485	254	6	(	(	PUNCT
fueconorg-5485	254	7	2	2	NUM
fueconorg-5485	254	8	)	)	PUNCT
fueconorg-5485	254	9	,	,	PUNCT
fueconorg-5485	254	10	1–25	1–25	PROPN
fueconorg-5485	254	11	.	.	PUNCT
fueconorg-5485	255	1	adler	adler	PROPN
fueconorg-5485	255	2	,	,	PUNCT
fueconorg-5485	255	3	g.	g.	PROPN
fueconorg-5485	255	4	,	,	PUNCT
fueconorg-5485	255	5	lisack	lisack	NOUN
fueconorg-5485	255	6	,	,	PUNCT
fueconorg-5485	255	7	n.	n.	PROPN
fueconorg-5485	255	8	&	&	CCONJ
fueconorg-5485	255	9	mano	mano	PROPN
fueconorg-5485	255	10	,	,	PUNCT
fueconorg-5485	255	11	r.	r.	PROPN
fueconorg-5485	255	12	(	(	PUNCT
fueconorg-5485	255	13	2019	2019	NUM
fueconorg-5485	255	14	)	)	PUNCT
fueconorg-5485	255	15	.	.	PUNCT
fueconorg-5485	256	1	unveiling	unveil	VERB
fueconorg-5485	256	2	the	the	DET
fueconorg-5485	256	3	effects	effect	NOUN
fueconorg-5485	256	4	of	of	ADP
fueconorg-5485	256	5	foreign	foreign	ADJ
fueconorg-5485	256	6	exchange	exchange	NOUN
fueconorg-5485	256	7	intervention	intervention	NOUN
fueconorg-5485	256	8	:	:	PUNCT
fueconorg-5485	256	9	a	a	DET
fueconorg-5485	256	10	panel	panel	NOUN
fueconorg-5485	256	11	approach	approach	NOUN
fueconorg-5485	256	12	.	.	PUNCT
fueconorg-5485	257	1	emerging	emerge	VERB
fueconorg-5485	257	2	markets	market	NOUN
fueconorg-5485	257	3	review	review	NOUN
fueconorg-5485	257	4	,	,	PUNCT
fueconorg-5485	257	5	1–40	1–40	PROPN
fueconorg-5485	257	6	.	.	PUNCT
fueconorg-5485	258	1	https://doi.org/10.1016/j.ememar.2019.100620	https://doi.org/10.1016/j.ememar.2019.100620	PROPN
fueconorg-5485	258	2	ahmad	ahmad	PROPN
fueconorg-5485	258	3	,	,	PUNCT
fueconorg-5485	258	4	a.	a.	PROPN
fueconorg-5485	258	5	h.	h.	PROPN
fueconorg-5485	258	6	,	,	PUNCT
fueconorg-5485	258	7	&	&	CCONJ
fueconorg-5485	258	8	aworinde	aworinde	PROPN
fueconorg-5485	258	9	,	,	PUNCT
fueconorg-5485	258	10	o.	o.	PROPN
fueconorg-5485	258	11	b.	b.	PROPN
fueconorg-5485	258	12	(	(	PUNCT
fueconorg-5485	258	13	2016	2016	NUM
fueconorg-5485	258	14	)	)	PUNCT
fueconorg-5485	258	15	.	.	PUNCT
fueconorg-5485	259	1	the	the	DET
fueconorg-5485	259	2	role	role	NOUN
fueconorg-5485	259	3	of	of	ADP
fueconorg-5485	259	4	structural	structural	ADJ
fueconorg-5485	259	5	breaks	break	NOUN
fueconorg-5485	259	6	,	,	PUNCT
fueconorg-5485	259	7	nonlinearity	nonlinearity	NOUN
fueconorg-5485	259	8	and	and	CCONJ
fueconorg-5485	259	9	asymmetric	asymmetric	ADJ
fueconorg-5485	259	10	adjustments	adjustment	NOUN
fueconorg-5485	259	11	in	in	ADP
fueconorg-5485	259	12	african	african	ADJ
fueconorg-5485	259	13	bilateral	bilateral	ADJ
fueconorg-5485	259	14	real	real	ADJ
fueconorg-5485	259	15	exchange	exchange	NOUN
fueconorg-5485	259	16	rates	rate	NOUN
fueconorg-5485	259	17	.	.	PUNCT
fueconorg-5485	260	1	international	international	ADJ
fueconorg-5485	260	2	review	review	NOUN
fueconorg-5485	260	3	of	of	ADP
fueconorg-5485	260	4	economics	economics	PROPN
fueconorg-5485	260	5	&	&	CCONJ
fueconorg-5485	260	6	finance	finance	PROPN
fueconorg-5485	260	7	,	,	PUNCT
fueconorg-5485	260	8	45	45	NUM
fueconorg-5485	260	9	,	,	PUNCT
fueconorg-5485	260	10	144–159	144–159	NUM
fueconorg-5485	260	11	.	.	PUNCT
fueconorg-5485	260	12	aizenman	aizenman	NOUN
fueconorg-5485	260	13	,	,	PUNCT
fueconorg-5485	260	14	j.	j.	PROPN
fueconorg-5485	260	15	&	&	CCONJ
fueconorg-5485	260	16	marion	marion	PROPN
fueconorg-5485	260	17	,	,	PUNCT
fueconorg-5485	260	18	n.	n.	PROPN
fueconorg-5485	260	19	(	(	PUNCT
fueconorg-5485	260	20	2003	2003	NUM
fueconorg-5485	260	21	)	)	PUNCT
fueconorg-5485	260	22	.	.	PUNCT
fueconorg-5485	261	1	the	the	DET
fueconorg-5485	261	2	high	high	ADJ
fueconorg-5485	261	3	demand	demand	NOUN
fueconorg-5485	261	4	for	for	ADP
fueconorg-5485	261	5	international	international	ADJ
fueconorg-5485	261	6	reserves	reserve	NOUN
fueconorg-5485	261	7	in	in	ADP
fueconorg-5485	261	8	the	the	DET
fueconorg-5485	261	9	far	far	ADJ
fueconorg-5485	261	10	east	east	NOUN
fueconorg-5485	261	11	:	:	PUNCT
fueconorg-5485	261	12	what	what	PRON
fueconorg-5485	261	13	is	be	AUX
fueconorg-5485	261	14	going	go	VERB
fueconorg-5485	261	15	on	on	ADP
fueconorg-5485	261	16	?	?	PUNCT
fueconorg-5485	261	17	.	.	PUNCT
fueconorg-5485	262	1	journal	journal	PROPN
fueconorg-5485	262	2	of	of	ADP
fueconorg-5485	262	3	the	the	DET
fueconorg-5485	262	4	japanese	japanese	ADJ
fueconorg-5485	262	5	and	and	CCONJ
fueconorg-5485	262	6	international	international	ADJ
fueconorg-5485	262	7	economies	economy	NOUN
fueconorg-5485	262	8	,	,	PUNCT
fueconorg-5485	262	9	17	17	NUM
fueconorg-5485	262	10	(	(	PUNCT
fueconorg-5485	262	11	3	3	NUM
fueconorg-5485	262	12	)	)	PUNCT
fueconorg-5485	262	13	,	,	PUNCT
fueconorg-5485	262	14	370–400	370–400	NUM
fueconorg-5485	262	15	.	.	PUNCT
fueconorg-5485	263	1	https://doi.org/10.1016/s08891583(03)00008-x	https://doi.org/10.1016/s08891583(03)00008-x	PROPN
fueconorg-5485	263	2	aizenman	aizenman	NOUN
fueconorg-5485	263	3	,	,	PUNCT
fueconorg-5485	263	4	j.	j.	PROPN
fueconorg-5485	263	5	&	&	CCONJ
fueconorg-5485	263	6	riera	riera	PROPN
fueconorg-5485	263	7	-	-	PUNCT
fueconorg-5485	263	8	crichton	crichton	PROPN
fueconorg-5485	263	9	,	,	PUNCT
fueconorg-5485	263	10	d.	d.	PROPN
fueconorg-5485	263	11	(	(	PUNCT
fueconorg-5485	263	12	2008	2008	NUM
fueconorg-5485	263	13	)	)	PUNCT
fueconorg-5485	263	14	.	.	PUNCT
fueconorg-5485	264	1	real	real	ADJ
fueconorg-5485	264	2	exchange	exchange	NOUN
fueconorg-5485	264	3	rate	rate	NOUN
fueconorg-5485	264	4	and	and	CCONJ
fueconorg-5485	264	5	international	international	ADJ
fueconorg-5485	264	6	reserves	reserve	NOUN
fueconorg-5485	264	7	in	in	ADP
fueconorg-5485	264	8	an	an	DET
fueconorg-5485	264	9	era	era	NOUN
fueconorg-5485	264	10	of	of	ADP
fueconorg-5485	264	11	growing	grow	VERB
fueconorg-5485	264	12	financial	financial	ADJ
fueconorg-5485	264	13	and	and	CCONJ
fueconorg-5485	264	14	trade	trade	NOUN
fueconorg-5485	264	15	integration	integration	NOUN
fueconorg-5485	264	16	.	.	PUNCT
fueconorg-5485	265	1	the	the	DET
fueconorg-5485	265	2	review	review	NOUN
fueconorg-5485	265	3	of	of	ADP
fueconorg-5485	265	4	economics	economic	NOUN
fueconorg-5485	265	5	and	and	CCONJ
fueconorg-5485	265	6	statistics	statistic	NOUN
fueconorg-5485	265	7	,	,	PUNCT
fueconorg-5485	265	8	90	90	NUM
fueconorg-5485	265	9	(	(	PUNCT
fueconorg-5485	265	10	4	4	NUM
fueconorg-5485	265	11	)	)	PUNCT
fueconorg-5485	265	12	,	,	PUNCT
fueconorg-5485	265	13	812–815	812–815	NUM
fueconorg-5485	265	14	.	.	PUNCT
fueconorg-5485	266	1	https://doi.org/10.3386/w12363	https://doi.org/10.3386/w12363	NUM
fueconorg-5485	266	2	aizenman	aizenman	NOUN
fueconorg-5485	266	3	,	,	PUNCT
fueconorg-5485	266	4	j.	j.	PROPN
fueconorg-5485	266	5	,	,	PUNCT
fueconorg-5485	266	6	edwards	edwards	PROPN
fueconorg-5485	266	7	,	,	PUNCT
fueconorg-5485	266	8	s.	s.	PROPN
fueconorg-5485	266	9	&	&	CCONJ
fueconorg-5485	266	10	riera	riera	PROPN
fueconorg-5485	266	11	-	-	PUNCT
fueconorg-5485	266	12	crichton	crichton	PROPN
fueconorg-5485	266	13	,	,	PUNCT
fueconorg-5485	266	14	d.	d.	PROPN
fueconorg-5485	266	15	(	(	PUNCT
fueconorg-5485	266	16	2012	2012	NUM
fueconorg-5485	266	17	)	)	PUNCT
fueconorg-5485	266	18	.	.	PUNCT
fueconorg-5485	267	1	adjustment	adjustment	NOUN
fueconorg-5485	267	2	patterns	pattern	NOUN
fueconorg-5485	267	3	to	to	ADP
fueconorg-5485	267	4	commodity	commodity	NOUN
fueconorg-5485	267	5	terms	term	NOUN
fueconorg-5485	267	6	of	of	ADP
fueconorg-5485	267	7	trade	trade	NOUN
fueconorg-5485	267	8	shocks	shock	NOUN
fueconorg-5485	267	9	:	:	PUNCT
fueconorg-5485	267	10	the	the	DET
fueconorg-5485	267	11	role	role	NOUN
fueconorg-5485	267	12	of	of	ADP
fueconorg-5485	267	13	exchange	exchange	NOUN
fueconorg-5485	267	14	rate	rate	NOUN
fueconorg-5485	267	15	and	and	CCONJ
fueconorg-5485	267	16	international	international	ADJ
fueconorg-5485	267	17	reserves	reserve	NOUN
fueconorg-5485	267	18	policies	policy	NOUN
fueconorg-5485	267	19	.	.	PUNCT
fueconorg-5485	268	1	journal	journal	PROPN
fueconorg-5485	268	2	of	of	ADP
fueconorg-5485	268	3	international	international	ADJ
fueconorg-5485	268	4	money	money	NOUN
fueconorg-5485	268	5	and	and	CCONJ
fueconorg-5485	268	6	finance	finance	NOUN
fueconorg-5485	268	7	,	,	PUNCT
fueconorg-5485	268	8	31	31	NUM
fueconorg-5485	268	9	(	(	PUNCT
fueconorg-5485	268	10	8)	8)	NUM
fueconorg-5485	268	11	,	,	PUNCT
fueconorg-5485	268	12	1990–2016	1990–2016	NUM
fueconorg-5485	268	13	.	.	PUNCT
fueconorg-5485	269	1	https://doi.org/10.1016/j.jimonfin.2012.05.003	https://doi.org/10.1016/j.jimonfin.2012.05.003	PROPN
fueconorg-5485	269	2	akinboade	akinboade	PROPN
fueconorg-5485	269	3	,	,	PUNCT
fueconorg-5485	269	4	o.a	o.a	PROPN
fueconorg-5485	269	5	.	.	PROPN
fueconorg-5485	269	6	&	&	CCONJ
fueconorg-5485	269	7	makina	makina	PROPN
fueconorg-5485	269	8	,	,	PUNCT
fueconorg-5485	269	9	d.	d.	PROPN
fueconorg-5485	269	10	(	(	PUNCT
fueconorg-5485	269	11	2006	2006	NUM
fueconorg-5485	269	12	)	)	PUNCT
fueconorg-5485	269	13	.	.	PUNCT
fueconorg-5485	270	1	mean	mean	VERB
fueconorg-5485	270	2	reversion	reversion	NOUN
fueconorg-5485	270	3	and	and	CCONJ
fueconorg-5485	270	4	structural	structural	ADJ
fueconorg-5485	270	5	breaks	break	NOUN
fueconorg-5485	270	6	in	in	ADP
fueconorg-5485	270	7	real	real	ADJ
fueconorg-5485	270	8	exchange	exchange	NOUN
fueconorg-5485	270	9	rates	rate	NOUN
fueconorg-5485	270	10	:	:	PUNCT
fueconorg-5485	270	11	south	south	ADJ
fueconorg-5485	270	12	african	african	ADJ
fueconorg-5485	270	13	evidence	evidence	NOUN
fueconorg-5485	270	14	.	.	PUNCT
fueconorg-5485	271	1	applied	apply	VERB
fueconorg-5485	271	2	financial	financial	ADJ
fueconorg-5485	271	3	economics	economic	NOUN
fueconorg-5485	271	4	,	,	PUNCT
fueconorg-5485	271	5	16	16	NUM
fueconorg-5485	271	6	(	(	PUNCT
fueconorg-5485	271	7	4	4	NUM
fueconorg-5485	271	8	)	)	PUNCT
fueconorg-5485	271	9	,	,	PUNCT
fueconorg-5485	271	10	347–358	347–358	NUM
fueconorg-5485	271	11	.	.	PUNCT
fueconorg-5485	271	12	https://doi.org/10.1080/09603100500401260	https://doi.org/10.1080/09603100500401260	NUM
fueconorg-5485	271	13	basu	basu	PROPN
fueconorg-5485	271	14	,	,	PUNCT
fueconorg-5485	271	15	k.	k.	PROPN
fueconorg-5485	271	16	(	(	PUNCT
fueconorg-5485	271	17	2012	2012	NUM
fueconorg-5485	271	18	)	)	PUNCT
fueconorg-5485	271	19	.	.	PUNCT
fueconorg-5485	272	1	how	how	SCONJ
fueconorg-5485	272	2	to	to	PART
fueconorg-5485	272	3	devalue	devalue	VERB
fueconorg-5485	272	4	exchange	exchange	NOUN
fueconorg-5485	272	5	rates	rate	NOUN
fueconorg-5485	272	6	,	,	PUNCT
fueconorg-5485	272	7	without	without	ADP
fueconorg-5485	272	8	building	build	VERB
fueconorg-5485	272	9	up	up	ADP
fueconorg-5485	272	10	reserves	reserve	NOUN
fueconorg-5485	272	11	:	:	PUNCT
fueconorg-5485	272	12	strategic	strategic	ADJ
fueconorg-5485	272	13	theory	theory	NOUN
fueconorg-5485	272	14	for	for	ADP
fueconorg-5485	272	15	central	central	ADJ
fueconorg-5485	272	16	banking	banking	NOUN
fueconorg-5485	272	17	.	.	PUNCT
fueconorg-5485	273	1	economics	economic	NOUN
fueconorg-5485	273	2	letters	letter	NOUN
fueconorg-5485	273	3	,	,	PUNCT
fueconorg-5485	273	4	117	117	NUM
fueconorg-5485	273	5	(	(	PUNCT
fueconorg-5485	273	6	3	3	NUM
fueconorg-5485	273	7	)	)	PUNCT
fueconorg-5485	273	8	,	,	PUNCT
fueconorg-5485	273	9	758–761	758–761	NUM
fueconorg-5485	273	10	.	.	PUNCT
fueconorg-5485	274	1	https://doi.org/10.1016/j.econlet.2011.12.069	https://doi.org/10.1016/j.econlet.2011.12.069	PROPN
fueconorg-5485	274	2	baum	baum	PROPN
fueconorg-5485	274	3	,	,	PUNCT
fueconorg-5485	274	4	c.f	c.f	PROPN
fueconorg-5485	274	5	.	.	PROPN
fueconorg-5485	274	6	,	,	PUNCT
fueconorg-5485	274	7	barkoulas	barkoulas	PROPN
fueconorg-5485	274	8	,	,	PUNCT
fueconorg-5485	274	9	j.t	j.t	PROPN
fueconorg-5485	274	10	.	.	PROPN
fueconorg-5485	274	11	&	&	CCONJ
fueconorg-5485	274	12	caglayan	caglayan	PROPN
fueconorg-5485	274	13	,	,	PUNCT
fueconorg-5485	274	14	m.	m.	NOUN
fueconorg-5485	274	15	(	(	PUNCT
fueconorg-5485	274	16	1999	1999	NUM
fueconorg-5485	274	17	)	)	PUNCT
fueconorg-5485	274	18	.	.	PUNCT
fueconorg-5485	275	1	long	long	ADJ
fueconorg-5485	275	2	memory	memory	NOUN
fueconorg-5485	275	3	or	or	CCONJ
fueconorg-5485	275	4	structural	structural	ADJ
fueconorg-5485	275	5	breaks	break	NOUN
fueconorg-5485	275	6	:	:	PUNCT
fueconorg-5485	275	7	can	can	AUX
fueconorg-5485	275	8	either	either	CCONJ
fueconorg-5485	275	9	explain	explain	VERB
fueconorg-5485	275	10	nonstationary	nonstationary	ADJ
fueconorg-5485	275	11	real	real	ADJ
fueconorg-5485	275	12	exchange	exchange	NOUN
fueconorg-5485	275	13	rates	rate	NOUN
fueconorg-5485	275	14	under	under	ADP
fueconorg-5485	275	15	the	the	DET
fueconorg-5485	275	16	current	current	ADJ
fueconorg-5485	275	17	float	float	NOUN
fueconorg-5485	275	18	?	?	PUNCT
fueconorg-5485	275	19	.	.	PUNCT
fueconorg-5485	276	1	journal	journal	PROPN
fueconorg-5485	276	2	of	of	ADP
fueconorg-5485	276	3	international	international	ADJ
fueconorg-5485	276	4	financial	financial	ADJ
fueconorg-5485	276	5	markets	market	NOUN
fueconorg-5485	276	6	,	,	PUNCT
fueconorg-5485	276	7	institutions	institution	NOUN
fueconorg-5485	276	8	and	and	CCONJ
fueconorg-5485	276	9	money	money	NOUN
fueconorg-5485	276	10	,	,	PUNCT
fueconorg-5485	276	11	9	9	NUM
fueconorg-5485	276	12	(	(	PUNCT
fueconorg-5485	276	13	4	4	NUM
fueconorg-5485	276	14	)	)	PUNCT
fueconorg-5485	276	15	,	,	PUNCT
fueconorg-5485	276	16	359–376	359–376	NUM
fueconorg-5485	276	17	.	.	PUNCT
fueconorg-5485	277	1	https://doi.org/10.1016/s1042-4431(99)00018-9	https://doi.org/10.1016/s1042-4431(99)00018-9	PROPN
fueconorg-5485	277	2	bayat	bayat	NOUN
fueconorg-5485	277	3	,	,	PUNCT
fueconorg-5485	277	4	t.	t.	PROPN
fueconorg-5485	277	5	,	,	PUNCT
fueconorg-5485	277	6	senturk	senturk	NOUN
fueconorg-5485	277	7	,	,	PUNCT
fueconorg-5485	277	8	m.	m.	PROPN
fueconorg-5485	277	9	&	&	CCONJ
fueconorg-5485	277	10	kayhan	kayhan	PROPN
fueconorg-5485	277	11	,	,	PUNCT
fueconorg-5485	277	12	s.	s.	PROPN
fueconorg-5485	277	13	(	(	PUNCT
fueconorg-5485	277	14	2014	2014	NUM
fueconorg-5485	277	15	)	)	PUNCT
fueconorg-5485	277	16	.	.	PUNCT
fueconorg-5485	278	1	exchange	exchange	NOUN
fueconorg-5485	278	2	rates	rate	NOUN
fueconorg-5485	278	3	and	and	CCONJ
fueconorg-5485	278	4	foreign	foreign	ADJ
fueconorg-5485	278	5	exchange	exchange	NOUN
fueconorg-5485	278	6	reserves	reserve	NOUN
fueconorg-5485	278	7	in	in	ADP
fueconorg-5485	278	8	turkey	turkey	NOUN
fueconorg-5485	278	9	:	:	PUNCT
fueconorg-5485	278	10	nonlinear	nonlinear	ADJ
fueconorg-5485	278	11	and	and	CCONJ
fueconorg-5485	278	12	frequency	frequency	NOUN
fueconorg-5485	278	13	domain	domain	NOUN
fueconorg-5485	278	14	causality	causality	NOUN
fueconorg-5485	278	15	approach	approach	NOUN
fueconorg-5485	278	16	.	.	PUNCT
fueconorg-5485	279	1	theoretical	theoretical	ADJ
fueconorg-5485	279	2	&	&	CCONJ
fueconorg-5485	279	3	applied	applied	ADJ
fueconorg-5485	279	4	economics	economic	NOUN
fueconorg-5485	279	5	,	,	PUNCT
fueconorg-5485	279	6	21	21	NUM
fueconorg-5485	279	7	(	(	PUNCT
fueconorg-5485	279	8	11	11	NUM
fueconorg-5485	279	9	)	)	PUNCT
fueconorg-5485	279	10	,	,	PUNCT
fueconorg-5485	279	11	83–92	83–92	NUM
fueconorg-5485	279	12	.	.	PUNCT
fueconorg-5485	280	1	bouraoui	bouraoui	PROPN
fueconorg-5485	280	2	,	,	PUNCT
fueconorg-5485	280	3	t.	t.	PROPN
fueconorg-5485	280	4	&	&	CCONJ
fueconorg-5485	280	5	phisuthtiwatcharavong	phisuthtiwatcharavong	PROPN
fueconorg-5485	280	6	,	,	PUNCT
fueconorg-5485	280	7	a.	a.	NOUN
fueconorg-5485	280	8	(	(	PUNCT
fueconorg-5485	280	9	2015	2015	NUM
fueconorg-5485	280	10	)	)	PUNCT
fueconorg-5485	280	11	.	.	PUNCT
fueconorg-5485	281	1	on	on	ADP
fueconorg-5485	281	2	the	the	DET
fueconorg-5485	281	3	determinants	determinant	NOUN
fueconorg-5485	281	4	of	of	ADP
fueconorg-5485	281	5	the	the	DET
fueconorg-5485	281	6	thb	thb	PROPN
fueconorg-5485	281	7	/	/	SYM
fueconorg-5485	281	8	usd	usd	NOUN
fueconorg-5485	281	9	exchange	exchange	NOUN
fueconorg-5485	281	10	rate	rate	NOUN
fueconorg-5485	281	11	.	.	PUNCT
fueconorg-5485	282	1	procedia	procedia	NOUN
fueconorg-5485	282	2	economics	economic	NOUN
fueconorg-5485	282	3	and	and	CCONJ
fueconorg-5485	282	4	finance	finance	NOUN
fueconorg-5485	282	5	,	,	PUNCT
fueconorg-5485	282	6	30	30	NUM
fueconorg-5485	282	7	,	,	PUNCT
fueconorg-5485	282	8	137–145	137–145	NUM
fueconorg-5485	282	9	.	.	PUNCT
fueconorg-5485	283	1	https://doi.org/10.1016/s2212-5671(15)01277-0	https://doi.org/10.1016/s2212-5671(15)01277-0	PROPN
fueconorg-5485	283	2	byrne	byrne	PROPN
fueconorg-5485	283	3	,	,	PUNCT
fueconorg-5485	283	4	j.p	j.p	PROPN
fueconorg-5485	283	5	.	.	PROPN
fueconorg-5485	283	6	&	&	CCONJ
fueconorg-5485	283	7	nagayasu	nagayasu	PROPN
fueconorg-5485	283	8	,	,	PUNCT
fueconorg-5485	283	9	j.	j.	PROPN
fueconorg-5485	283	10	(	(	PUNCT
fueconorg-5485	283	11	2010	2010	NUM
fueconorg-5485	283	12	)	)	PUNCT
fueconorg-5485	283	13	.	.	PUNCT
fueconorg-5485	284	1	structural	structural	ADJ
fueconorg-5485	284	2	breaks	break	NOUN
fueconorg-5485	284	3	in	in	ADP
fueconorg-5485	284	4	the	the	DET
fueconorg-5485	284	5	real	real	ADJ
fueconorg-5485	284	6	exchange	exchange	NOUN
fueconorg-5485	284	7	rate	rate	NOUN
fueconorg-5485	284	8	and	and	CCONJ
fueconorg-5485	284	9	real	real	ADJ
fueconorg-5485	284	10	interest	interest	NOUN
fueconorg-5485	284	11	rate	rate	NOUN
fueconorg-5485	284	12	relationship	relationship	NOUN
fueconorg-5485	284	13	.	.	PUNCT
fueconorg-5485	285	1	global	global	ADJ
fueconorg-5485	285	2	finance	finance	PROPN
fueconorg-5485	285	3	journal	journal	NOUN
fueconorg-5485	285	4	,	,	PUNCT
fueconorg-5485	285	5	21	21	NUM
fueconorg-5485	285	6	(	(	PUNCT
fueconorg-5485	285	7	2	2	NUM
fueconorg-5485	285	8	)	)	PUNCT
fueconorg-5485	285	9	,	,	PUNCT
fueconorg-5485	285	10	138–151	138–151	NUM
fueconorg-5485	285	11	.	.	PUNCT
fueconorg-5485	286	1	https://doi.org/10.1016/j.gfj.2010.06.002	https://doi.org/10.1016/j.gfj.2010.06.002	PROPN
fueconorg-5485	286	2	chowdhury	chowdhury	PROPN
fueconorg-5485	286	3	,	,	PUNCT
fueconorg-5485	286	4	k.	k.	PROPN
fueconorg-5485	286	5	(	(	PUNCT
fueconorg-5485	286	6	2012	2012	NUM
fueconorg-5485	286	7	)	)	PUNCT
fueconorg-5485	286	8	.	.	PUNCT
fueconorg-5485	287	1	modelling	model	VERB
fueconorg-5485	287	2	the	the	DET
fueconorg-5485	287	3	dynamics	dynamic	NOUN
fueconorg-5485	287	4	,	,	PUNCT
fueconorg-5485	287	5	structural	structural	ADJ
fueconorg-5485	287	6	breaks	break	NOUN
fueconorg-5485	287	7	and	and	CCONJ
fueconorg-5485	287	8	the	the	DET
fueconorg-5485	287	9	determinants	determinant	NOUN
fueconorg-5485	287	10	of	of	ADP
fueconorg-5485	287	11	the	the	DET
fueconorg-5485	287	12	real	real	ADJ
fueconorg-5485	287	13	exchange	exchange	NOUN
fueconorg-5485	287	14	rate	rate	NOUN
fueconorg-5485	287	15	of	of	ADP
fueconorg-5485	287	16	australia	australia	PROPN
fueconorg-5485	287	17	.	.	PUNCT
fueconorg-5485	288	1	journal	journal	PROPN
fueconorg-5485	288	2	of	of	ADP
fueconorg-5485	288	3	international	international	ADJ
fueconorg-5485	288	4	financial	financial	ADJ
fueconorg-5485	288	5	markets	market	NOUN
fueconorg-5485	288	6	,	,	PUNCT
fueconorg-5485	288	7	institutions	institution	NOUN
fueconorg-5485	288	8	and	and	CCONJ
fueconorg-5485	288	9	money	money	NOUN
fueconorg-5485	288	10	,	,	PUNCT
fueconorg-5485	288	11	22	22	NUM
fueconorg-5485	288	12	(	(	PUNCT
fueconorg-5485	288	13	2	2	NUM
fueconorg-5485	288	14	)	)	PUNCT
fueconorg-5485	288	15	,	,	PUNCT
fueconorg-5485	288	16	343–358	343–358	NUM
fueconorg-5485	288	17	.	.	PUNCT
fueconorg-5485	289	1	https://doi.org/10.1016/j.intfin.2011.10.004	https://doi.org/10.1016/j.intfin.2011.10.004	PROPN
fueconorg-5485	289	2	dominguez	dominguez	PROPN
fueconorg-5485	289	3	,	,	PUNCT
fueconorg-5485	289	4	k.	k.	PROPN
fueconorg-5485	289	5	&	&	CCONJ
fueconorg-5485	289	6	frankel	frankel	PROPN
fueconorg-5485	289	7	,	,	PUNCT
fueconorg-5485	289	8	j.a	j.a	PROPN
fueconorg-5485	289	9	.	.	PROPN
fueconorg-5485	289	10	(	(	PUNCT
fueconorg-5485	289	11	1990	1990	NUM
fueconorg-5485	289	12	)	)	PUNCT
fueconorg-5485	289	13	.	.	PUNCT
fueconorg-5485	290	1	does	do	AUX
fueconorg-5485	290	2	foreign	foreign	ADJ
fueconorg-5485	290	3	exchange	exchange	NOUN
fueconorg-5485	290	4	intervention	intervention	NOUN
fueconorg-5485	290	5	work	work	NOUN
fueconorg-5485	290	6	?	?	PUNCT
fueconorg-5485	290	7	.	.	PUNCT
fueconorg-5485	291	1	peterson	peterson	PROPN
fueconorg-5485	291	2	institute	institute	PROPN
fueconorg-5485	291	3	press	press	PROPN
fueconorg-5485	291	4	:	:	PUNCT
fueconorg-5485	291	5	all	all	DET
fueconorg-5485	291	6	books	book	NOUN
fueconorg-5485	291	7	.	.	PUNCT
fueconorg-5485	292	1	dropsy	dropsy	PROPN
fueconorg-5485	292	2	,	,	PUNCT
fueconorg-5485	292	3	v.	v.	CCONJ
fueconorg-5485	292	4	(	(	PUNCT
fueconorg-5485	292	5	1996	1996	NUM
fueconorg-5485	292	6	)	)	PUNCT
fueconorg-5485	292	7	.	.	PUNCT
fueconorg-5485	293	1	real	real	ADJ
fueconorg-5485	293	2	exchange	exchange	NOUN
fueconorg-5485	293	3	rates	rate	NOUN
fueconorg-5485	293	4	and	and	CCONJ
fueconorg-5485	293	5	structural	structural	ADJ
fueconorg-5485	293	6	breaks	break	NOUN
fueconorg-5485	293	7	.	.	PUNCT
fueconorg-5485	294	1	applied	apply	VERB
fueconorg-5485	294	2	economics	economic	NOUN
fueconorg-5485	294	3	,	,	PUNCT
fueconorg-5485	294	4	28	28	NUM
fueconorg-5485	294	5	(	(	PUNCT
fueconorg-5485	294	6	2	2	NUM
fueconorg-5485	294	7	)	)	PUNCT
fueconorg-5485	294	8	,	,	PUNCT
fueconorg-5485	294	9	209–219	209–219	NUM
fueconorg-5485	294	10	.	.	PUNCT
fueconorg-5485	295	1	https://doi.org/10.1080/000368496328849	https://doi.org/10.1080/000368496328849	PROPN
fueconorg-5485	295	2	edwards	edwards	PROPN
fueconorg-5485	295	3	,	,	PUNCT
fueconorg-5485	295	4	s.	s.	PROPN
fueconorg-5485	295	5	(	(	PUNCT
fueconorg-5485	295	6	1983	1983	NUM
fueconorg-5485	295	7	)	)	PUNCT
fueconorg-5485	295	8	.	.	PUNCT
fueconorg-5485	296	1	the	the	DET
fueconorg-5485	296	2	demand	demand	NOUN
fueconorg-5485	296	3	for	for	ADP
fueconorg-5485	296	4	international	international	ADJ
fueconorg-5485	296	5	reserves	reserve	NOUN
fueconorg-5485	296	6	and	and	CCONJ
fueconorg-5485	296	7	exchange	exchange	NOUN
fueconorg-5485	296	8	rate	rate	NOUN
fueconorg-5485	296	9	adjustments	adjustment	NOUN
fueconorg-5485	296	10	:	:	PUNCT
fueconorg-5485	296	11	thecase	thecase	NOUN
fueconorg-5485	296	12	of	of	ADP
fueconorg-5485	296	13	ldcs	ldc	NOUN
fueconorg-5485	296	14	,	,	PUNCT
fueconorg-5485	296	15	1964–1972	1964–1972	NUM
fueconorg-5485	296	16	.	.	PUNCT
fueconorg-5485	297	1	https://doi.org/10.3386/w1063	https://doi.org/10.3386/w1063	NUM
fueconorg-5485	297	2	engel	engel	PROPN
fueconorg-5485	297	3	,	,	PUNCT
fueconorg-5485	297	4	c.	c.	PROPN
fueconorg-5485	297	5	&	&	CCONJ
fueconorg-5485	297	6	hakkio	hakkio	PROPN
fueconorg-5485	297	7	,	,	PUNCT
fueconorg-5485	297	8	c.s	c.s	PROPN
fueconorg-5485	297	9	.	.	PROPN
fueconorg-5485	297	10	(	(	PUNCT
fueconorg-5485	297	11	1993	1993	NUM
fueconorg-5485	297	12	)	)	PUNCT
fueconorg-5485	297	13	.	.	PUNCT
fueconorg-5485	298	1	exchange	exchange	NOUN
fueconorg-5485	298	2	rate	rate	NOUN
fueconorg-5485	298	3	regimes	regime	NOUN
fueconorg-5485	298	4	and	and	CCONJ
fueconorg-5485	298	5	volatility	volatility	NOUN
fueconorg-5485	298	6	.	.	PUNCT
fueconorg-5485	299	1	economic	economic	ADJ
fueconorg-5485	299	2	review	review	PROPN
fueconorg-5485	299	3	-	-	PUNCT
fueconorg-5485	299	4	federal	federal	PROPN
fueconorg-5485	299	5	reserve	reserve	PROPN
fueconorg-5485	299	6	bank	bank	PROPN
fueconorg-5485	299	7	of	of	ADP
fueconorg-5485	299	8	kansas	kansas	PROPN
fueconorg-5485	299	9	city	city	PROPN
fueconorg-5485	299	10	,	,	PUNCT
fueconorg-5485	299	11	78	78	NUM
fueconorg-5485	299	12	,	,	PUNCT
fueconorg-5485	299	13	43–43	43–43	PROPN
fueconorg-5485	299	14	.	.	PUNCT
fueconorg-5485	299	15	engle	engle	PROPN
fueconorg-5485	299	16	,	,	PUNCT
fueconorg-5485	299	17	r.f	r.f	PROPN
fueconorg-5485	299	18	.	.	PROPN
fueconorg-5485	299	19	&	&	CCONJ
fueconorg-5485	299	20	granger	granger	PROPN
fueconorg-5485	299	21	,	,	PUNCT
fueconorg-5485	299	22	c.w	c.w	PROPN
fueconorg-5485	299	23	.	.	PROPN
fueconorg-5485	299	24	(	(	PUNCT
fueconorg-5485	299	25	1987	1987	NUM
fueconorg-5485	299	26	)	)	PUNCT
fueconorg-5485	299	27	.	.	PUNCT
fueconorg-5485	300	1	co	co	NOUN
fueconorg-5485	300	2	-	-	NOUN
fueconorg-5485	300	3	integration	integration	NOUN
fueconorg-5485	300	4	and	and	CCONJ
fueconorg-5485	300	5	error	error	NOUN
fueconorg-5485	300	6	correction	correction	NOUN
fueconorg-5485	300	7	:	:	PUNCT
fueconorg-5485	300	8	representation	representation	NOUN
fueconorg-5485	300	9	,	,	PUNCT
fueconorg-5485	300	10	estimation	estimation	NOUN
fueconorg-5485	300	11	,	,	PUNCT
fueconorg-5485	300	12	and	and	CCONJ
fueconorg-5485	300	13	testing	testing	NOUN
fueconorg-5485	300	14	.	.	PUNCT
fueconorg-5485	301	1	econometrica	econometrica	PROPN
fueconorg-5485	301	2	:	:	PUNCT
fueconorg-5485	301	3	journal	journal	NOUN
fueconorg-5485	301	4	of	of	ADP
fueconorg-5485	301	5	the	the	DET
fueconorg-5485	301	6	econometric	econometric	ADJ
fueconorg-5485	301	7	society	society	NOUN
fueconorg-5485	301	8	,	,	PUNCT
fueconorg-5485	301	9	251–276	251–276	NUM
fueconorg-5485	301	10	.	.	PUNCT
fueconorg-5485	302	1	https://doi.org/10.2307/1913236	https://doi.org/10.2307/1913236	PROPN
fueconorg-5485	302	2	fatum	fatum	PROPN
fueconorg-5485	302	3	,	,	PUNCT
fueconorg-5485	302	4	r.	r.	PROPN
fueconorg-5485	302	5	&	&	CCONJ
fueconorg-5485	302	6	m.	m.	PROPN
fueconorg-5485	302	7	hutchison	hutchison	PROPN
fueconorg-5485	302	8	,	,	PUNCT
fueconorg-5485	302	9	m.	m.	NOUN
fueconorg-5485	302	10	(	(	PUNCT
fueconorg-5485	302	11	2003	2003	NUM
fueconorg-5485	302	12	)	)	PUNCT
fueconorg-5485	302	13	.	.	PUNCT
fueconorg-5485	303	1	is	be	AUX
fueconorg-5485	303	2	sterilised	sterilise	VERB
fueconorg-5485	303	3	foreign	foreign	ADJ
fueconorg-5485	303	4	exchange	exchange	NOUN
fueconorg-5485	303	5	intervention	intervention	NOUN
fueconorg-5485	303	6	effective	effective	ADJ
fueconorg-5485	303	7	after	after	ADV
fueconorg-5485	303	8	all	all	ADV
fueconorg-5485	303	9	?	?	PUNCT
fueconorg-5485	304	1	an	an	DET
fueconorg-5485	304	2	event	event	NOUN
fueconorg-5485	304	3	study	study	NOUN
fueconorg-5485	304	4	approach	approach	NOUN
fueconorg-5485	304	5	.	.	PUNCT
fueconorg-5485	305	1	the	the	DET
fueconorg-5485	305	2	economic	economic	ADJ
fueconorg-5485	305	3	journal	journal	NOUN
fueconorg-5485	305	4	,	,	PUNCT
fueconorg-5485	305	5	113	113	NUM
fueconorg-5485	305	6	(	(	PUNCT
fueconorg-5485	305	7	487	487	NUM
fueconorg-5485	305	8	)	)	PUNCT
fueconorg-5485	305	9	,	,	PUNCT
fueconorg-5485	305	10	390–411	390–411	NUM
fueconorg-5485	305	11	.	.	PUNCT
fueconorg-5485	306	1	https://doi.org/10.1111/1468-0297.00122	https://doi.org/10.1111/1468-0297.00122	NOUN
fueconorg-5485	306	2	flood	flood	PROPN
fueconorg-5485	306	3	,	,	PUNCT
fueconorg-5485	306	4	p.	p.	PROPN
fueconorg-5485	306	5	&	&	CCONJ
fueconorg-5485	306	6	marion	marion	PROPN
fueconorg-5485	306	7	,	,	PUNCT
fueconorg-5485	306	8	n.	n.	PROPN
fueconorg-5485	306	9	(	(	PUNCT
fueconorg-5485	306	10	2002	2002	NUM
fueconorg-5485	306	11	)	)	PUNCT
fueconorg-5485	306	12	.	.	PUNCT
fueconorg-5485	307	1	holding	hold	VERB
fueconorg-5485	307	2	international	international	ADJ
fueconorg-5485	307	3	reserves	reserve	NOUN
fueconorg-5485	307	4	in	in	ADP
fueconorg-5485	307	5	an	an	DET
fueconorg-5485	307	6	era	era	NOUN
fueconorg-5485	307	7	of	of	ADP
fueconorg-5485	307	8	high	high	ADJ
fueconorg-5485	307	9	capability	capability	NOUN
fueconorg-5485	307	10	mobility	mobility	NOUN
fueconorg-5485	307	11	.	.	PUNCT
fueconorg-5485	308	1	imf	imf	PROPN
fueconorg-5485	308	2	working	working	PROPN
fueconorg-5485	308	3	paper	paper	NOUN
fueconorg-5485	308	4	,	,	PUNCT
fueconorg-5485	308	5	international	international	ADJ
fueconorg-5485	308	6	monetary	monetary	ADJ
fueconorg-5485	308	7	fund	fund	NOUN
fueconorg-5485	308	8	wp/02/62	wp/02/62	PROPN
fueconorg-5485	308	9	.	.	PUNCT
fueconorg-5485	309	1	frenkel	frenkel	PROPN
fueconorg-5485	309	2	,	,	PUNCT
fueconorg-5485	309	3	j.a	j.a	PROPN
fueconorg-5485	309	4	.	.	PROPN
fueconorg-5485	309	5	&	&	CCONJ
fueconorg-5485	309	6	jovanovic	jovanovic	PROPN
fueconorg-5485	309	7	,	,	PUNCT
fueconorg-5485	309	8	b.	b.	PROPN
fueconorg-5485	309	9	(	(	PUNCT
fueconorg-5485	309	10	1981	1981	NUM
fueconorg-5485	309	11	)	)	PUNCT
fueconorg-5485	309	12	.	.	PUNCT
fueconorg-5485	310	1	optimal	optimal	ADJ
fueconorg-5485	310	2	international	international	ADJ
fueconorg-5485	310	3	reserves	reserve	NOUN
fueconorg-5485	310	4	:	:	PUNCT
fueconorg-5485	310	5	a	a	DET
fueconorg-5485	310	6	stochastic	stochastic	ADJ
fueconorg-5485	310	7	framework	framework	NOUN
fueconorg-5485	310	8	.	.	PUNCT
fueconorg-5485	311	1	the	the	DET
fueconorg-5485	311	2	economic	economic	ADJ
fueconorg-5485	311	3	journal	journal	NOUN
fueconorg-5485	311	4	,	,	PUNCT
fueconorg-5485	311	5	91	91	NUM
fueconorg-5485	311	6	(	(	PUNCT
fueconorg-5485	311	7	362	362	NUM
fueconorg-5485	311	8	)	)	PUNCT
fueconorg-5485	311	9	,	,	PUNCT
fueconorg-5485	311	10	507–514	507–514	NUM
fueconorg-5485	311	11	.	.	PUNCT
fueconorg-5485	311	12	https://doi.org/10.2307/2232599	https://doi.org/10.2307/2232599	ADP
fueconorg-5485	311	13	458	458	NUM
fueconorg-5485	311	14	i.	i.	NOUN
fueconorg-5485	311	15	marjanović	marjanović	NOUN
fueconorg-5485	311	16	,	,	PUNCT
fueconorg-5485	311	17	m.	m.	NOUN
fueconorg-5485	311	18	marković	marković	PROPN
fueconorg-5485	311	19	frömmel	frömmel	NOUN
fueconorg-5485	311	20	,	,	PUNCT
fueconorg-5485	311	21	m.	m.	NOUN
fueconorg-5485	311	22	,	,	PUNCT
fueconorg-5485	311	23	garabedian	garabedian	NOUN
fueconorg-5485	311	24	,	,	PUNCT
fueconorg-5485	311	25	g.	g.	PROPN
fueconorg-5485	311	26	&	&	CCONJ
fueconorg-5485	311	27	schobert	schobert	PROPN
fueconorg-5485	311	28	,	,	PUNCT
fueconorg-5485	311	29	f.	f.	PROPN
fueconorg-5485	311	30	(	(	PUNCT
fueconorg-5485	311	31	2011	2011	NUM
fueconorg-5485	311	32	)	)	PUNCT
fueconorg-5485	311	33	.	.	PUNCT
fueconorg-5485	312	1	monetary	monetary	ADJ
fueconorg-5485	312	2	policy	policy	NOUN
fueconorg-5485	312	3	rules	rule	NOUN
fueconorg-5485	312	4	in	in	ADP
fueconorg-5485	312	5	central	central	ADJ
fueconorg-5485	312	6	and	and	CCONJ
fueconorg-5485	312	7	eastern	eastern	ADJ
fueconorg-5485	312	8	european	european	ADJ
fueconorg-5485	312	9	countries	country	NOUN
fueconorg-5485	312	10	:	:	PUNCT
fueconorg-5485	312	11	does	do	AUX
fueconorg-5485	312	12	the	the	DET
fueconorg-5485	312	13	exchange	exchange	NOUN
fueconorg-5485	312	14	rate	rate	NOUN
fueconorg-5485	312	15	matter	matter	NOUN
fueconorg-5485	312	16	?	?	PUNCT
fueconorg-5485	312	17	.	.	PUNCT
fueconorg-5485	313	1	journal	journal	PROPN
fueconorg-5485	313	2	of	of	ADP
fueconorg-5485	313	3	macroeconomics	macroeconomic	NOUN
fueconorg-5485	313	4	,	,	PUNCT
fueconorg-5485	313	5	33	33	NUM
fueconorg-5485	313	6	(	(	PUNCT
fueconorg-5485	313	7	4	4	NUM
fueconorg-5485	313	8	)	)	PUNCT
fueconorg-5485	313	9	,	,	PUNCT
fueconorg-5485	313	10	807–818	807–818	NUM
fueconorg-5485	313	11	.	.	PUNCT
fueconorg-5485	314	1	https://doi.org/10.1016/j.jmacro.2011.05.003	https://doi.org/10.1016/j.jmacro.2011.05.003	ADJ
fueconorg-5485	314	2	gantt	gantt	NOUN
fueconorg-5485	314	3	,	,	PUNCT
fueconorg-5485	314	4	r.p	r.p	PROPN
fueconorg-5485	314	5	.	.	PROPN
fueconorg-5485	314	6	(	(	PUNCT
fueconorg-5485	314	7	2010	2010	NUM
fueconorg-5485	314	8	)	)	PUNCT
fueconorg-5485	314	9	.	.	PUNCT
fueconorg-5485	315	1	central	central	PROPN
fueconorg-5485	315	2	bank	bank	PROPN
fueconorg-5485	315	3	holdings	holding	NOUN
fueconorg-5485	315	4	of	of	ADP
fueconorg-5485	315	5	foreign	foreign	ADJ
fueconorg-5485	315	6	exchange	exchange	NOUN
fueconorg-5485	315	7	reserves	reserve	NOUN
fueconorg-5485	315	8	:	:	PUNCT
fueconorg-5485	315	9	why	why	SCONJ
fueconorg-5485	315	10	have	have	AUX
fueconorg-5485	315	11	they	they	PRON
fueconorg-5485	315	12	grown	grow	VERB
fueconorg-5485	315	13	so	so	ADV
fueconorg-5485	315	14	fast	fast	ADV
fueconorg-5485	315	15	?	?	PUNCT
fueconorg-5485	316	1	(	(	PUNCT
fueconorg-5485	316	2	doctoral	doctoral	ADJ
fueconorg-5485	316	3	dissertation	dissertation	NOUN
fueconorg-5485	316	4	,	,	PUNCT
fueconorg-5485	316	5	montana	montana	PROPN
fueconorg-5485	316	6	state	state	PROPN
fueconorg-5485	316	7	university	university	PROPN
fueconorg-5485	316	8	-	-	PUNCT
fueconorg-5485	316	9	bozeman	bozeman	NOUN
fueconorg-5485	316	10	,	,	PUNCT
fueconorg-5485	316	11	college	college	NOUN
fueconorg-5485	316	12	of	of	ADP
fueconorg-5485	316	13	agriculture	agriculture	NOUN
fueconorg-5485	316	14	)	)	PUNCT
fueconorg-5485	316	15	.	.	PUNCT
fueconorg-5485	317	1	glynn	glynn	PROPN
fueconorg-5485	317	2	,	,	PUNCT
fueconorg-5485	317	3	j.	j.	PROPN
fueconorg-5485	317	4	,	,	PUNCT
fueconorg-5485	317	5	perera	perera	PROPN
fueconorg-5485	317	6	,	,	PUNCT
fueconorg-5485	317	7	n.	n.	PROPN
fueconorg-5485	317	8	&	&	CCONJ
fueconorg-5485	317	9	verma	verma	PROPN
fueconorg-5485	317	10	,	,	PUNCT
fueconorg-5485	317	11	r.	r.	PROPN
fueconorg-5485	317	12	(	(	PUNCT
fueconorg-5485	317	13	2007	2007	NUM
fueconorg-5485	317	14	)	)	PUNCT
fueconorg-5485	317	15	.	.	PUNCT
fueconorg-5485	318	1	unit	unit	NOUN
fueconorg-5485	318	2	root	root	NOUN
fueconorg-5485	318	3	tests	test	NOUN
fueconorg-5485	318	4	and	and	CCONJ
fueconorg-5485	318	5	structural	structural	ADJ
fueconorg-5485	318	6	breaks	break	NOUN
fueconorg-5485	318	7	:	:	PUNCT
fueconorg-5485	318	8	a	a	DET
fueconorg-5485	318	9	survey	survey	NOUN
fueconorg-5485	318	10	with	with	ADP
fueconorg-5485	318	11	applications	application	NOUN
fueconorg-5485	318	12	.	.	PUNCT
fueconorg-5485	319	1	journal	journal	NOUN
fueconorg-5485	319	2	of	of	ADP
fueconorg-5485	319	3	quantitative	quantitative	ADJ
fueconorg-5485	319	4	methods	method	NOUN
fueconorg-5485	319	5	for	for	ADP
fueconorg-5485	319	6	economics	economic	NOUN
fueconorg-5485	319	7	and	and	CCONJ
fueconorg-5485	319	8	business	business	NOUN
fueconorg-5485	319	9	administration	administration	NOUN
fueconorg-5485	319	10	,	,	PUNCT
fueconorg-5485	319	11	3	3	NUM
fueconorg-5485	319	12	(	(	PUNCT
fueconorg-5485	319	13	1	1	NUM
fueconorg-5485	319	14	)	)	PUNCT
fueconorg-5485	319	15	,	,	PUNCT
fueconorg-5485	319	16	63	63	NUM
fueconorg-5485	319	17	-	-	SYM
fueconorg-5485	319	18	79	79	NUM
fueconorg-5485	319	19	.	.	PUNCT
fueconorg-5485	320	1	gokhale	gokhale	PROPN
fueconorg-5485	320	2	,	,	PUNCT
fueconorg-5485	320	3	m.s	m.s	PROPN
fueconorg-5485	320	4	.	.	PROPN
fueconorg-5485	320	5	&	&	CCONJ
fueconorg-5485	320	6	raju	raju	PROPN
fueconorg-5485	320	7	,	,	PUNCT
fueconorg-5485	320	8	j.r	j.r	PROPN
fueconorg-5485	320	9	.	.	PROPN
fueconorg-5485	320	10	(	(	PUNCT
fueconorg-5485	320	11	2013	2013	NUM
fueconorg-5485	320	12	)	)	PUNCT
fueconorg-5485	320	13	.	.	PUNCT
fueconorg-5485	321	1	causality	causality	NOUN
fueconorg-5485	321	2	between	between	ADP
fueconorg-5485	321	3	exchange	exchange	NOUN
fueconorg-5485	321	4	rate	rate	NOUN
fueconorg-5485	321	5	and	and	CCONJ
fueconorg-5485	321	6	foreign	foreign	ADJ
fueconorg-5485	321	7	exchange	exchange	NOUN
fueconorg-5485	321	8	reserves	reserve	NOUN
fueconorg-5485	321	9	in	in	ADP
fueconorg-5485	321	10	the	the	DET
fueconorg-5485	321	11	indian	indian	ADJ
fueconorg-5485	321	12	context	context	NOUN
fueconorg-5485	321	13	.	.	PUNCT
fueconorg-5485	322	1	global	global	ADJ
fueconorg-5485	322	2	journal	journal	PROPN
fueconorg-5485	322	3	of	of	ADP
fueconorg-5485	322	4	management	management	NOUN
fueconorg-5485	322	5	and	and	CCONJ
fueconorg-5485	322	6	business	business	NOUN
fueconorg-5485	322	7	research	research	NOUN
fueconorg-5485	322	8	.	.	PUNCT
fueconorg-5485	323	1	gosselin	gosselin	PROPN
fueconorg-5485	323	2	,	,	PUNCT
fueconorg-5485	323	3	m.a	m.a	PROPN
fueconorg-5485	323	4	.	.	PROPN
fueconorg-5485	323	5	&	&	CCONJ
fueconorg-5485	323	6	parent	parent	PROPN
fueconorg-5485	323	7	,	,	PUNCT
fueconorg-5485	323	8	n.	n.	NOUN
fueconorg-5485	323	9	(	(	PUNCT
fueconorg-5485	323	10	2005	2005	NUM
fueconorg-5485	323	11	)	)	PUNCT
fueconorg-5485	323	12	.	.	PUNCT
fueconorg-5485	324	1	an	an	DET
fueconorg-5485	324	2	empirical	empirical	ADJ
fueconorg-5485	324	3	analysis	analysis	NOUN
fueconorg-5485	324	4	of	of	ADP
fueconorg-5485	324	5	foreign	foreign	ADJ
fueconorg-5485	324	6	exchange	exchange	NOUN
fueconorg-5485	324	7	reserves	reserve	NOUN
fueconorg-5485	324	8	in	in	ADP
fueconorg-5485	324	9	emerging	emerge	VERB
fueconorg-5485	324	10	asia	asia	PROPN
fueconorg-5485	324	11	(	(	PUNCT
fueconorg-5485	324	12	pp	pp	PROPN
fueconorg-5485	324	13	.	.	PUNCT
fueconorg-5485	324	14	4–6	4–6	X
fueconorg-5485	324	15	)	)	PUNCT
fueconorg-5485	324	16	.	.	PUNCT
fueconorg-5485	325	1	montreal	montreal	PROPN
fueconorg-5485	325	2	,	,	PUNCT
fueconorg-5485	325	3	quebec	quebec	PROPN
fueconorg-5485	325	4	:	:	PUNCT
fueconorg-5485	325	5	bank	bank	PROPN
fueconorg-5485	325	6	of	of	ADP
fueconorg-5485	325	7	canada	canada	PROPN
fueconorg-5485	325	8	.	.	PUNCT
fueconorg-5485	326	1	granger	granger	PROPN
fueconorg-5485	326	2	,	,	PUNCT
fueconorg-5485	326	3	c.w	c.w	PROPN
fueconorg-5485	326	4	.	.	PROPN
fueconorg-5485	326	5	&	&	CCONJ
fueconorg-5485	326	6	weiss	weiss	PROPN
fueconorg-5485	326	7	,	,	PUNCT
fueconorg-5485	326	8	a.a	a.a	PROPN
fueconorg-5485	326	9	.	.	PROPN
fueconorg-5485	326	10	(	(	PUNCT
fueconorg-5485	326	11	1983	1983	NUM
fueconorg-5485	326	12	)	)	PUNCT
fueconorg-5485	326	13	.	.	PUNCT
fueconorg-5485	327	1	time	time	NOUN
fueconorg-5485	327	2	series	series	PROPN
fueconorg-5485	327	3	analysis	analysis	NOUN
fueconorg-5485	327	4	of	of	ADP
fueconorg-5485	327	5	error	error	NOUN
fueconorg-5485	327	6	-	-	PUNCT
fueconorg-5485	327	7	correction	correction	NOUN
fueconorg-5485	327	8	models	model	NOUN
fueconorg-5485	327	9	.	.	PUNCT
fueconorg-5485	328	1	in	in	ADP
fueconorg-5485	328	2	studies	study	NOUN
fueconorg-5485	328	3	in	in	ADP
fueconorg-5485	328	4	econometrics	econometric	NOUN
fueconorg-5485	328	5	,	,	PUNCT
fueconorg-5485	328	6	time	time	NOUN
fueconorg-5485	328	7	series	series	NOUN
fueconorg-5485	328	8	,	,	PUNCT
fueconorg-5485	328	9	and	and	CCONJ
fueconorg-5485	328	10	multivariate	multivariate	NOUN
fueconorg-5485	328	11	statistics	statistic	NOUN
fueconorg-5485	328	12	(	(	PUNCT
fueconorg-5485	328	13	pp	pp	ADJ
fueconorg-5485	328	14	.	.	PUNCT
fueconorg-5485	328	15	255–278	255–278	NUM
fueconorg-5485	328	16	)	)	PUNCT
fueconorg-5485	328	17	.	.	PUNCT
fueconorg-5485	329	1	academic	academic	ADJ
fueconorg-5485	329	2	press	press	NOUN
fueconorg-5485	329	3	.	.	PUNCT
fueconorg-5485	330	1	https://doi.org/10.1016/b978-0-12-3987501.50018-8	https://doi.org/10.1016/b978-0-12-3987501.50018-8	PROPN
fueconorg-5485	330	2	granger	granger	PROPN
fueconorg-5485	330	3	,	,	PUNCT
fueconorg-5485	330	4	c.w	c.w	PROPN
fueconorg-5485	330	5	.	.	PROPN
fueconorg-5485	330	6	(	(	PUNCT
fueconorg-5485	330	7	1969	1969	NUM
fueconorg-5485	330	8	)	)	PUNCT
fueconorg-5485	330	9	.	.	PUNCT
fueconorg-5485	331	1	investigating	investigate	VERB
fueconorg-5485	331	2	causal	causal	ADJ
fueconorg-5485	331	3	relations	relation	NOUN
fueconorg-5485	331	4	by	by	ADP
fueconorg-5485	331	5	econometric	econometric	ADJ
fueconorg-5485	331	6	models	model	NOUN
fueconorg-5485	331	7	and	and	CCONJ
fueconorg-5485	331	8	cross	cross	ADJ
fueconorg-5485	331	9	-	-	ADJ
fueconorg-5485	331	10	spectral	spectral	ADJ
fueconorg-5485	331	11	methods	method	NOUN
fueconorg-5485	331	12	.	.	PUNCT
fueconorg-5485	332	1	econometrica	econometrica	PROPN
fueconorg-5485	332	2	:	:	PUNCT
fueconorg-5485	332	3	journal	journal	NOUN
fueconorg-5485	332	4	of	of	ADP
fueconorg-5485	332	5	the	the	DET
fueconorg-5485	332	6	econometric	econometric	ADJ
fueconorg-5485	332	7	society	society	NOUN
fueconorg-5485	332	8	,	,	PUNCT
fueconorg-5485	332	9	424–438	424–438	NUM
fueconorg-5485	332	10	.	.	PUNCT
fueconorg-5485	333	1	https://doi.org/10.2307/1912791	https://doi.org/10.2307/1912791	NOUN
fueconorg-5485	333	2	granger	granger	PROPN
fueconorg-5485	333	3	,	,	PUNCT
fueconorg-5485	333	4	c.w	c.w	PROPN
fueconorg-5485	333	5	.	.	PROPN
fueconorg-5485	333	6	(	(	PUNCT
fueconorg-5485	333	7	1983	1983	NUM
fueconorg-5485	333	8	)	)	PUNCT
fueconorg-5485	333	9	.	.	PUNCT
fueconorg-5485	334	1	co	co	VERB
fueconorg-5485	334	2	-	-	ADJ
fueconorg-5485	334	3	integrated	integrated	ADJ
fueconorg-5485	334	4	variables	variable	NOUN
fueconorg-5485	334	5	and	and	CCONJ
fueconorg-5485	334	6	error	error	NOUN
fueconorg-5485	334	7	-	-	PUNCT
fueconorg-5485	334	8	correcting	correct	VERB
fueconorg-5485	334	9	models	model	NOUN
fueconorg-5485	334	10	(	(	PUNCT
fueconorg-5485	334	11	doctoral	doctoral	ADJ
fueconorg-5485	334	12	dissertation	dissertation	NOUN
fueconorg-5485	334	13	,	,	PUNCT
fueconorg-5485	334	14	discussion	discussion	NOUN
fueconorg-5485	334	15	paper	paper	NOUN
fueconorg-5485	334	16	83–13	83–13	PROPN
fueconorg-5485	334	17	.	.	PUNCT
fueconorg-5485	334	18	department	department	NOUN
fueconorg-5485	334	19	of	of	ADP
fueconorg-5485	334	20	economics	economic	NOUN
fueconorg-5485	334	21	,	,	PUNCT
fueconorg-5485	334	22	university	university	NOUN
fueconorg-5485	334	23	of	of	ADP
fueconorg-5485	334	24	california	california	PROPN
fueconorg-5485	334	25	at	at	ADP
fueconorg-5485	334	26	san	san	PROPN
fueconorg-5485	334	27	diego	diego	PROPN
fueconorg-5485	334	28	)	)	PUNCT
fueconorg-5485	334	29	.	.	PUNCT
fueconorg-5485	335	1	granger	granger	PROPN
fueconorg-5485	335	2	,	,	PUNCT
fueconorg-5485	335	3	c.w	c.w	PROPN
fueconorg-5485	335	4	.	.	PROPN
fueconorg-5485	335	5	,	,	PUNCT
fueconorg-5485	335	6	huangb	huangb	NOUN
fueconorg-5485	335	7	,	,	PUNCT
fueconorg-5485	335	8	b.n	b.n	PROPN
fueconorg-5485	335	9	.	.	PROPN
fueconorg-5485	335	10	&	&	CCONJ
fueconorg-5485	335	11	yang	yang	PROPN
fueconorg-5485	335	12	,	,	PUNCT
fueconorg-5485	335	13	c.w	c.w	PROPN
fueconorg-5485	335	14	.	.	PROPN
fueconorg-5485	335	15	(	(	PUNCT
fueconorg-5485	335	16	2000	2000	NUM
fueconorg-5485	335	17	)	)	PUNCT
fueconorg-5485	335	18	.	.	PUNCT
fueconorg-5485	336	1	a	a	DET
fueconorg-5485	336	2	bivariate	bivariate	ADJ
fueconorg-5485	336	3	causality	causality	NOUN
fueconorg-5485	336	4	between	between	ADP
fueconorg-5485	336	5	stock	stock	NOUN
fueconorg-5485	336	6	prices	price	NOUN
fueconorg-5485	336	7	and	and	CCONJ
fueconorg-5485	336	8	exchange	exchange	NOUN
fueconorg-5485	336	9	rates	rate	NOUN
fueconorg-5485	336	10	:	:	PUNCT
fueconorg-5485	336	11	evidence	evidence	NOUN
fueconorg-5485	336	12	from	from	ADP
fueconorg-5485	336	13	recent	recent	ADJ
fueconorg-5485	336	14	asianflu	asianflu	ADJ
fueconorg-5485	336	15	.	.	PUNCT
fueconorg-5485	337	1	the	the	DET
fueconorg-5485	337	2	quarterly	quarterly	ADJ
fueconorg-5485	337	3	review	review	NOUN
fueconorg-5485	337	4	of	of	ADP
fueconorg-5485	337	5	economics	economic	NOUN
fueconorg-5485	337	6	and	and	CCONJ
fueconorg-5485	337	7	finance	finance	NOUN
fueconorg-5485	337	8	,	,	PUNCT
fueconorg-5485	337	9	40	40	NUM
fueconorg-5485	337	10	(	(	PUNCT
fueconorg-5485	337	11	3	3	NUM
fueconorg-5485	337	12	)	)	PUNCT
fueconorg-5485	337	13	,	,	PUNCT
fueconorg-5485	337	14	337–354	337–354	NUM
fueconorg-5485	337	15	.	.	PUNCT
fueconorg-5485	338	1	https://doi.org/10.1016/s1062-9769(00)00042-9	https://doi.org/10.1016/s1062-9769(00)00042-9	PROPN
fueconorg-5485	338	2	gregory	gregory	PROPN
fueconorg-5485	338	3	,	,	PUNCT
fueconorg-5485	338	4	a.w	a.w	PROPN
fueconorg-5485	338	5	.	.	PROPN
fueconorg-5485	338	6	&	&	CCONJ
fueconorg-5485	338	7	hansen	hansen	PROPN
fueconorg-5485	338	8	,	,	PUNCT
fueconorg-5485	338	9	b.e	b.e	PROPN
fueconorg-5485	338	10	.	.	PROPN
fueconorg-5485	338	11	(	(	PUNCT
fueconorg-5485	338	12	1996	1996	NUM
fueconorg-5485	338	13	)	)	PUNCT
fueconorg-5485	338	14	.	.	PUNCT
fueconorg-5485	339	1	residual	residual	ADJ
fueconorg-5485	339	2	-	-	PUNCT
fueconorg-5485	339	3	based	base	VERB
fueconorg-5485	339	4	tests	test	NOUN
fueconorg-5485	339	5	for	for	ADP
fueconorg-5485	339	6	cointegration	cointegration	NOUN
fueconorg-5485	339	7	in	in	ADP
fueconorg-5485	339	8	models	model	NOUN
fueconorg-5485	339	9	with	with	ADP
fueconorg-5485	339	10	regime	regime	NOUN
fueconorg-5485	339	11	shifts	shift	NOUN
fueconorg-5485	339	12	.	.	PUNCT
fueconorg-5485	340	1	journal	journal	NOUN
fueconorg-5485	340	2	of	of	ADP
fueconorg-5485	340	3	econometrics	econometric	NOUN
fueconorg-5485	340	4	,	,	PUNCT
fueconorg-5485	340	5	70	70	NUM
fueconorg-5485	340	6	(	(	PUNCT
fueconorg-5485	340	7	1	1	NUM
fueconorg-5485	340	8	)	)	PUNCT
fueconorg-5485	340	9	,	,	PUNCT
fueconorg-5485	340	10	99–126	99–126	PROPN
fueconorg-5485	340	11	.	.	PUNCT
fueconorg-5485	341	1	https://doi.org/10.1016/0304-4076(69)41685-7	https://doi.org/10.1016/0304-4076(69)41685-7	PROPN
fueconorg-5485	341	2	heller	heller	NOUN
fueconorg-5485	341	3	,	,	PUNCT
fueconorg-5485	341	4	h.r	h.r	PROPN
fueconorg-5485	341	5	.	.	PROPN
fueconorg-5485	341	6	(	(	PUNCT
fueconorg-5485	341	7	1966	1966	NUM
fueconorg-5485	341	8	)	)	PUNCT
fueconorg-5485	341	9	.	.	PUNCT
fueconorg-5485	342	1	optimal	optimal	ADJ
fueconorg-5485	342	2	international	international	ADJ
fueconorg-5485	342	3	reserves	reserve	NOUN
fueconorg-5485	342	4	.	.	PUNCT
fueconorg-5485	343	1	the	the	DET
fueconorg-5485	343	2	economic	economic	ADJ
fueconorg-5485	343	3	journal	journal	NOUN
fueconorg-5485	343	4	,	,	PUNCT
fueconorg-5485	343	5	76	76	NUM
fueconorg-5485	343	6	(	(	PUNCT
fueconorg-5485	343	7	302	302	NUM
fueconorg-5485	343	8	)	)	PUNCT
fueconorg-5485	343	9	,	,	PUNCT
fueconorg-5485	343	10	296–311	296–311	NUM
fueconorg-5485	343	11	.	.	PUNCT
fueconorg-5485	344	1	https://doi.org/10.2307/2229716	https://doi.org/10.2307/2229716	PROPN
fueconorg-5485	344	2	ito	ito	PROPN
fueconorg-5485	344	3	,	,	PUNCT
fueconorg-5485	344	4	t.	t.	PROPN
fueconorg-5485	344	5	(	(	PUNCT
fueconorg-5485	344	6	2002	2002	NUM
fueconorg-5485	344	7	)	)	PUNCT
fueconorg-5485	344	8	.	.	PUNCT
fueconorg-5485	344	9	is	be	AUX
fueconorg-5485	344	10	foreign	foreign	ADJ
fueconorg-5485	344	11	exchange	exchange	NOUN
fueconorg-5485	344	12	intervention	intervention	NOUN
fueconorg-5485	344	13	effective	effective	ADJ
fueconorg-5485	344	14	?	?	PUNCT
fueconorg-5485	344	15	:	:	PUNCT
fueconorg-5485	345	1	the	the	DET
fueconorg-5485	345	2	japanese	japanese	ADJ
fueconorg-5485	345	3	experiences	experience	NOUN
fueconorg-5485	345	4	in	in	ADP
fueconorg-5485	345	5	the	the	DET
fueconorg-5485	345	6	1990s	1990s	NUM
fueconorg-5485	345	7	(	(	PUNCT
fueconorg-5485	345	8	no	no	INTJ
fueconorg-5485	345	9	.	.	PUNCT
fueconorg-5485	345	10	w8914	w8914	PROPN
fueconorg-5485	345	11	)	)	PUNCT
fueconorg-5485	345	12	.	.	PUNCT
fueconorg-5485	346	1	national	national	PROPN
fueconorg-5485	346	2	bureau	bureau	PROPN
fueconorg-5485	346	3	of	of	ADP
fueconorg-5485	346	4	economic	economic	ADJ
fueconorg-5485	346	5	research	research	NOUN
fueconorg-5485	346	6	.	.	PUNCT
fueconorg-5485	347	1	https://doi.org/10.3386/w8914	https://doi.org/10.3386/w8914	NUM
fueconorg-5485	347	2	kasman	kasman	NOUN
fueconorg-5485	347	3	,	,	PUNCT
fueconorg-5485	347	4	a.	a.	PROPN
fueconorg-5485	347	5	&	&	CCONJ
fueconorg-5485	347	6	ayhan	ayhan	PROPN
fueconorg-5485	347	7	,	,	PUNCT
fueconorg-5485	347	8	d.	d.	PROPN
fueconorg-5485	347	9	(	(	PUNCT
fueconorg-5485	347	10	2008	2008	NUM
fueconorg-5485	347	11	)	)	PUNCT
fueconorg-5485	347	12	.	.	PUNCT
fueconorg-5485	348	1	foreign	foreign	ADJ
fueconorg-5485	348	2	exchange	exchange	NOUN
fueconorg-5485	348	3	reserves	reserve	NOUN
fueconorg-5485	348	4	and	and	CCONJ
fueconorg-5485	348	5	exchange	exchange	NOUN
fueconorg-5485	348	6	rates	rate	NOUN
fueconorg-5485	348	7	in	in	ADP
fueconorg-5485	348	8	turkey	turkey	PROPN
fueconorg-5485	348	9	:	:	PUNCT
fueconorg-5485	348	10	structural	structural	ADJ
fueconorg-5485	348	11	breaks	break	NOUN
fueconorg-5485	348	12	,	,	PUNCT
fueconorg-5485	348	13	unit	unit	NOUN
fueconorg-5485	348	14	roots	root	NOUN
fueconorg-5485	348	15	and	and	CCONJ
fueconorg-5485	348	16	cointegration	cointegration	NOUN
fueconorg-5485	348	17	.	.	PUNCT
fueconorg-5485	349	1	economic	economic	ADJ
fueconorg-5485	349	2	modelling	modelling	NOUN
fueconorg-5485	349	3	,	,	PUNCT
fueconorg-5485	349	4	25	25	NUM
fueconorg-5485	349	5	(	(	PUNCT
fueconorg-5485	349	6	1	1	NUM
fueconorg-5485	349	7	)	)	PUNCT
fueconorg-5485	349	8	,	,	PUNCT
fueconorg-5485	349	9	83–92	83–92	NUM
fueconorg-5485	349	10	.	.	PUNCT
fueconorg-5485	350	1	https://doi.org/10.1016/j.econmod.2007.04.010	https://doi.org/10.1016/j.econmod.2007.04.010	PROPN
fueconorg-5485	350	2	kim	kim	PROPN
fueconorg-5485	350	3	,	,	PUNCT
fueconorg-5485	350	4	s.	s.	PROPN
fueconorg-5485	350	5	(	(	PUNCT
fueconorg-5485	350	6	2003	2003	NUM
fueconorg-5485	350	7	)	)	PUNCT
fueconorg-5485	350	8	.	.	PUNCT
fueconorg-5485	351	1	monetary	monetary	ADJ
fueconorg-5485	351	2	policy	policy	NOUN
fueconorg-5485	351	3	,	,	PUNCT
fueconorg-5485	351	4	foreign	foreign	ADJ
fueconorg-5485	351	5	exchange	exchange	NOUN
fueconorg-5485	351	6	intervention	intervention	NOUN
fueconorg-5485	351	7	,	,	PUNCT
fueconorg-5485	351	8	and	and	CCONJ
fueconorg-5485	351	9	the	the	DET
fueconorg-5485	351	10	exchange	exchange	NOUN
fueconorg-5485	351	11	rate	rate	NOUN
fueconorg-5485	351	12	in	in	ADP
fueconorg-5485	351	13	a	a	DET
fueconorg-5485	351	14	unifying	unifying	ADJ
fueconorg-5485	351	15	framework	framework	NOUN
fueconorg-5485	351	16	.	.	PUNCT
fueconorg-5485	352	1	journal	journal	NOUN
fueconorg-5485	352	2	of	of	ADP
fueconorg-5485	352	3	international	international	ADJ
fueconorg-5485	352	4	economics	economic	NOUN
fueconorg-5485	352	5	,	,	PUNCT
fueconorg-5485	352	6	60	60	NUM
fueconorg-5485	352	7	(	(	PUNCT
fueconorg-5485	352	8	2	2	NUM
fueconorg-5485	352	9	)	)	PUNCT
fueconorg-5485	352	10	,	,	PUNCT
fueconorg-5485	352	11	355–386	355–386	NUM
fueconorg-5485	352	12	.	.	PUNCT
fueconorg-5485	353	1	https://doi.org/10.1016/s00221996(02)00028-4	https://doi.org/10.1016/s00221996(02)00028-4	PROPN
fueconorg-5485	353	2	kočenda	kočenda	PROPN
fueconorg-5485	353	3	,	,	PUNCT
fueconorg-5485	353	4	e.	e.	PROPN
fueconorg-5485	353	5	(	(	PUNCT
fueconorg-5485	353	6	2005	2005	NUM
fueconorg-5485	353	7	)	)	PUNCT
fueconorg-5485	353	8	.	.	PUNCT
fueconorg-5485	354	1	beware	beware	VERB
fueconorg-5485	354	2	of	of	ADP
fueconorg-5485	354	3	breaks	break	NOUN
fueconorg-5485	354	4	in	in	ADP
fueconorg-5485	354	5	exchange	exchange	NOUN
fueconorg-5485	354	6	rates	rate	NOUN
fueconorg-5485	354	7	:	:	PUNCT
fueconorg-5485	354	8	evidence	evidence	NOUN
fueconorg-5485	354	9	from	from	ADP
fueconorg-5485	354	10	european	european	ADJ
fueconorg-5485	354	11	transition	transition	NOUN
fueconorg-5485	354	12	countries	country	NOUN
fueconorg-5485	354	13	.	.	PUNCT
fueconorg-5485	355	1	economic	economic	ADJ
fueconorg-5485	355	2	systems	system	NOUN
fueconorg-5485	355	3	,	,	PUNCT
fueconorg-5485	355	4	29	29	NUM
fueconorg-5485	355	5	(	(	PUNCT
fueconorg-5485	355	6	3	3	NUM
fueconorg-5485	355	7	)	)	PUNCT
fueconorg-5485	355	8	,	,	PUNCT
fueconorg-5485	355	9	307–324	307–324	NUM
fueconorg-5485	355	10	.	.	PUNCT
fueconorg-5485	356	1	https://doi.org/10.1016/j.ecosys.2005.02.006	https://doi.org/10.1016/j.ecosys.2005.02.006	ADJ
fueconorg-5485	356	2	kovačić	kovačić	PROPN
fueconorg-5485	356	3	z.	z.	PROPN
fueconorg-5485	356	4	(	(	PUNCT
fueconorg-5485	356	5	1995	1995	NUM
fueconorg-5485	356	6	)	)	PUNCT
fueconorg-5485	356	7	.	.	PUNCT
fueconorg-5485	357	1	time	time	NOUN
fueconorg-5485	357	2	series	series	PROPN
fueconorg-5485	357	3	analysis	analysis	NOUN
fueconorg-5485	357	4	(	(	PUNCT
fueconorg-5485	357	5	in	in	ADP
fueconorg-5485	357	6	serbian	serbian	ADJ
fueconorg-5485	357	7	)	)	PUNCT
fueconorg-5485	357	8	,	,	PUNCT
fueconorg-5485	357	9	university	university	NOUN
fueconorg-5485	357	10	of	of	ADP
fueconorg-5485	357	11	belgrade	belgrade	PROPN
fueconorg-5485	357	12	,	,	PUNCT
fueconorg-5485	357	13	faculty	faculty	NOUN
fueconorg-5485	357	14	of	of	ADP
fueconorg-5485	357	15	economics	economic	NOUN
fueconorg-5485	357	16	.	.	PUNCT
fueconorg-5485	358	1	krusković	krusković	NOUN
fueconorg-5485	358	2	,	,	PUNCT
fueconorg-5485	358	3	b.	b.	PROPN
fueconorg-5485	358	4	d.	d.	PROPN
fueconorg-5485	358	5	&	&	CCONJ
fueconorg-5485	358	6	maričić	maričić	PROPN
fueconorg-5485	358	7	,	,	PUNCT
fueconorg-5485	358	8	t.	t.	PROPN
fueconorg-5485	358	9	(	(	PUNCT
fueconorg-5485	358	10	2015	2015	NUM
fueconorg-5485	358	11	)	)	PUNCT
fueconorg-5485	358	12	.	.	PUNCT
fueconorg-5485	359	1	empirical	empirical	ADJ
fueconorg-5485	359	2	analysis	analysis	NOUN
fueconorg-5485	359	3	of	of	ADP
fueconorg-5485	359	4	the	the	DET
fueconorg-5485	359	5	impact	impact	NOUN
fueconorg-5485	359	6	of	of	ADP
fueconorg-5485	359	7	foreign	foreign	ADJ
fueconorg-5485	359	8	exchange	exchange	NOUN
fueconorg-5485	359	9	reserves	reserve	NOUN
fueconorg-5485	359	10	to	to	ADP
fueconorg-5485	359	11	economic	economic	ADJ
fueconorg-5485	359	12	growth	growth	NOUN
fueconorg-5485	359	13	in	in	ADP
fueconorg-5485	359	14	emerging	emerge	VERB
fueconorg-5485	359	15	economics	economic	NOUN
fueconorg-5485	359	16	.	.	PUNCT
fueconorg-5485	360	1	applied	apply	VERB
fueconorg-5485	360	2	economics	economic	NOUN
fueconorg-5485	360	3	and	and	CCONJ
fueconorg-5485	360	4	finance	finance	NOUN
fueconorg-5485	360	5	,	,	PUNCT
fueconorg-5485	360	6	2	2	NUM
fueconorg-5485	360	7	(	(	PUNCT
fueconorg-5485	360	8	1	1	NUM
fueconorg-5485	360	9	)	)	PUNCT
fueconorg-5485	360	10	,	,	PUNCT
fueconorg-5485	360	11	102–109	102–109	NUM
fueconorg-5485	360	12	.	.	PUNCT
fueconorg-5485	361	1	https://doi.org/10.11114/aef.v2i1.653	https://doi.org/10.11114/aef.v2i1.653	PROPN
fueconorg-5485	361	2	liu	liu	PROPN
fueconorg-5485	361	3	,	,	PUNCT
fueconorg-5485	361	4	l.	l.	PROPN
fueconorg-5485	361	5	&	&	CCONJ
fueconorg-5485	361	6	wan	wan	PROPN
fueconorg-5485	361	7	,	,	PUNCT
fueconorg-5485	361	8	j.	j.	PROPN
fueconorg-5485	361	9	(	(	PUNCT
fueconorg-5485	361	10	2012	2012	NUM
fueconorg-5485	361	11	)	)	PUNCT
fueconorg-5485	361	12	.	.	PUNCT
fueconorg-5485	362	1	the	the	DET
fueconorg-5485	362	2	relationships	relationship	NOUN
fueconorg-5485	362	3	between	between	ADP
fueconorg-5485	362	4	shanghai	shanghai	PROPN
fueconorg-5485	362	5	stock	stock	NOUN
fueconorg-5485	362	6	market	market	NOUN
fueconorg-5485	362	7	and	and	CCONJ
fueconorg-5485	362	8	cny	cny	PROPN
fueconorg-5485	362	9	/	/	SYM
fueconorg-5485	362	10	usd	usd	NOUN
fueconorg-5485	362	11	exchange	exchange	NOUN
fueconorg-5485	362	12	rate	rate	NOUN
fueconorg-5485	362	13	:	:	PUNCT
fueconorg-5485	362	14	new	new	ADJ
fueconorg-5485	362	15	evidence	evidence	NOUN
fueconorg-5485	362	16	based	base	VERB
fueconorg-5485	362	17	on	on	ADP
fueconorg-5485	362	18	cross	cross	ADJ
fueconorg-5485	362	19	-	-	ADJ
fueconorg-5485	362	20	correlation	correlation	ADJ
fueconorg-5485	362	21	analysis	analysis	NOUN
fueconorg-5485	362	22	,	,	PUNCT
fueconorg-5485	362	23	structural	structural	ADJ
fueconorg-5485	362	24	cointegration	cointegration	NOUN
fueconorg-5485	362	25	and	and	CCONJ
fueconorg-5485	362	26	nonlinear	nonlinear	ADJ
fueconorg-5485	362	27	causality	causality	NOUN
fueconorg-5485	362	28	test	test	NOUN
fueconorg-5485	362	29	.	.	PUNCT
fueconorg-5485	363	1	physica	physica	VERB
fueconorg-5485	363	2	a	a	DET
fueconorg-5485	363	3	:	:	PUNCT
fueconorg-5485	363	4	statistical	statistical	ADJ
fueconorg-5485	363	5	mechanics	mechanic	NOUN
fueconorg-5485	363	6	and	and	CCONJ
fueconorg-5485	363	7	its	its	PRON
fueconorg-5485	363	8	applications	application	NOUN
fueconorg-5485	363	9	,	,	PUNCT
fueconorg-5485	363	10	391	391	NUM
fueconorg-5485	363	11	(	(	PUNCT
fueconorg-5485	363	12	23	23	NUM
fueconorg-5485	363	13	)	)	PUNCT
fueconorg-5485	363	14	,	,	PUNCT
fueconorg-5485	363	15	6051–6059	6051–6059	NUM
fueconorg-5485	363	16	.	.	PUNCT
fueconorg-5485	364	1	https://doi.org/10.1016/j.physa.2012.07.036	https://doi.org/10.1016/j.physa.2012.07.036	PROPN
fueconorg-5485	364	2	lodha	lodha	PROPN
fueconorg-5485	364	3	,	,	PUNCT
fueconorg-5485	364	4	s.	s.	PROPN
fueconorg-5485	364	5	(	(	PUNCT
fueconorg-5485	364	6	2017	2017	NUM
fueconorg-5485	364	7	)	)	PUNCT
fueconorg-5485	364	8	.	.	PUNCT
fueconorg-5485	365	1	a	a	DET
fueconorg-5485	365	2	cointegration	cointegration	NOUN
fueconorg-5485	365	3	and	and	CCONJ
fueconorg-5485	365	4	causation	causation	NOUN
fueconorg-5485	365	5	study	study	NOUN
fueconorg-5485	365	6	of	of	ADP
fueconorg-5485	365	7	gold	gold	NOUN
fueconorg-5485	365	8	prices	price	NOUN
fueconorg-5485	365	9	,	,	PUNCT
fueconorg-5485	365	10	crude	crude	ADJ
fueconorg-5485	365	11	oil	oil	NOUN
fueconorg-5485	365	12	prices	price	NOUN
fueconorg-5485	365	13	and	and	CCONJ
fueconorg-5485	365	14	exchange	exchange	NOUN
fueconorg-5485	365	15	rates	rate	NOUN
fueconorg-5485	365	16	.	.	PUNCT
fueconorg-5485	366	1	iup	iup	PROPN
fueconorg-5485	366	2	journal	journal	PROPN
fueconorg-5485	366	3	of	of	ADP
fueconorg-5485	366	4	financial	financial	ADJ
fueconorg-5485	366	5	risk	risk	NOUN
fueconorg-5485	366	6	management	management	NOUN
fueconorg-5485	366	7	,	,	PUNCT
fueconorg-5485	366	8	14	14	NUM
fueconorg-5485	366	9	(	(	PUNCT
fueconorg-5485	366	10	1	1	NUM
fueconorg-5485	366	11	)	)	PUNCT
fueconorg-5485	366	12	.	.	PUNCT
fueconorg-5485	367	1	lütkepohl	lütkepohl	PROPN
fueconorg-5485	367	2	,	,	PUNCT
fueconorg-5485	367	3	h.	h.	PROPN
fueconorg-5485	367	4	(	(	PUNCT
fueconorg-5485	367	5	2005	2005	NUM
fueconorg-5485	367	6	)	)	PUNCT
fueconorg-5485	367	7	.	.	PUNCT
fueconorg-5485	368	1	new	new	ADJ
fueconorg-5485	368	2	introduction	introduction	NOUN
fueconorg-5485	368	3	to	to	ADP
fueconorg-5485	368	4	multiple	multiple	ADJ
fueconorg-5485	368	5	time	time	NOUN
fueconorg-5485	368	6	series	series	PROPN
fueconorg-5485	368	7	analysis	analysis	NOUN
fueconorg-5485	368	8	.	.	PUNCT
fueconorg-5485	369	1	springer	springer	NOUN
fueconorg-5485	369	2	science	science	PROPN
fueconorg-5485	369	3	&	&	CCONJ
fueconorg-5485	369	4	business	business	NOUN
fueconorg-5485	369	5	media	medium	NOUN
fueconorg-5485	369	6	.	.	PUNCT
fueconorg-5485	370	1	mackinnon	mackinnon	PROPN
fueconorg-5485	370	2	,	,	PUNCT
fueconorg-5485	370	3	j.	j.	PROPN
fueconorg-5485	370	4	g.	g.	PROPN
fueconorg-5485	370	5	(	(	PUNCT
fueconorg-5485	370	6	1991	1991	NUM
fueconorg-5485	370	7	)	)	PUNCT
fueconorg-5485	370	8	.	.	PUNCT
fueconorg-5485	371	1	critical	critical	ADJ
fueconorg-5485	371	2	values	value	NOUN
fueconorg-5485	371	3	for	for	ADP
fueconorg-5485	371	4	cointegration	cointegration	NOUN
fueconorg-5485	371	5	tests	test	NOUN
fueconorg-5485	371	6	.	.	PUNCT
fueconorg-5485	372	1	in	in	ADP
fueconorg-5485	372	2	engle	engle	PROPN
fueconorg-5485	372	3	r.	r.	PROPN
fueconorg-5485	372	4	and	and	CCONJ
fueconorg-5485	372	5	granger	granger	PROPN
fueconorg-5485	372	6	c.	c.	PROPN
fueconorg-5485	372	7	(	(	PUNCT
fueconorg-5485	372	8	eds	eds	PROPN
fueconorg-5485	372	9	.	.	PUNCT
fueconorg-5485	372	10	)	)	PUNCT
fueconorg-5485	372	11	,	,	PUNCT
fueconorg-5485	372	12	long	long	ADV
fueconorg-5485	372	13	-	-	PUNCT
fueconorg-5485	372	14	run	run	VERB
fueconorg-5485	372	15	economic	economic	ADJ
fueconorg-5485	372	16	relationship	relationship	NOUN
fueconorg-5485	372	17	:	:	PUNCT
fueconorg-5485	372	18	readings	reading	NOUN
fueconorg-5485	372	19	in	in	ADP
fueconorg-5485	372	20	cointegration	cointegration	NOUN
fueconorg-5485	372	21	,	,	PUNCT
fueconorg-5485	372	22	oxford	oxford	PROPN
fueconorg-5485	372	23	university	university	PROPN
fueconorg-5485	372	24	press	press	NOUN
fueconorg-5485	372	25	mensi	mensi	NOUN
fueconorg-5485	372	26	,	,	PUNCT
fueconorg-5485	372	27	w.	w.	PROPN
fueconorg-5485	372	28	,	,	PUNCT
fueconorg-5485	372	29	hammoudeh	hammoudeh	PROPN
fueconorg-5485	372	30	,	,	PUNCT
fueconorg-5485	372	31	s.	s.	PROPN
fueconorg-5485	372	32	&	&	CCONJ
fueconorg-5485	372	33	yoon	yoon	PROPN
fueconorg-5485	372	34	,	,	PUNCT
fueconorg-5485	372	35	s.	s.	PROPN
fueconorg-5485	372	36	m.	m.	PROPN
fueconorg-5485	372	37	(	(	PUNCT
fueconorg-5485	372	38	2015	2015	NUM
fueconorg-5485	372	39	)	)	PUNCT
fueconorg-5485	372	40	.	.	PUNCT
fueconorg-5485	373	1	structural	structural	ADJ
fueconorg-5485	373	2	breaks	break	NOUN
fueconorg-5485	373	3	,	,	PUNCT
fueconorg-5485	373	4	dynamic	dynamic	ADJ
fueconorg-5485	373	5	correlations	correlation	NOUN
fueconorg-5485	373	6	,	,	PUNCT
fueconorg-5485	373	7	asymmetric	asymmetric	ADJ
fueconorg-5485	373	8	volatility	volatility	NOUN
fueconorg-5485	373	9	transmission	transmission	NOUN
fueconorg-5485	373	10	,	,	PUNCT
fueconorg-5485	373	11	and	and	CCONJ
fueconorg-5485	373	12	hedging	hedging	NOUN
fueconorg-5485	373	13	strategies	strategy	NOUN
fueconorg-5485	373	14	for	for	ADP
fueconorg-5485	373	15	petroleum	petroleum	NOUN
fueconorg-5485	373	16	prices	price	NOUN
fueconorg-5485	373	17	and	and	CCONJ
fueconorg-5485	373	18	usd	usd	NOUN
fueconorg-5485	373	19	exchange	exchange	NOUN
fueconorg-5485	373	20	rate	rate	NOUN
fueconorg-5485	373	21	.	.	PUNCT
fueconorg-5485	374	1	energy	energy	NOUN
fueconorg-5485	374	2	economics	economic	NOUN
fueconorg-5485	374	3	,	,	PUNCT
fueconorg-5485	374	4	48	48	NUM
fueconorg-5485	374	5	,	,	PUNCT
fueconorg-5485	374	6	46	46	NUM
fueconorg-5485	374	7	-	-	SYM
fueconorg-5485	374	8	60	60	NUM
fueconorg-5485	374	9	.	.	PUNCT
fueconorg-5485	375	1	https://doi.org/10.1016/j.eneco.2014.12.004	https://doi.org/10.1016/j.eneco.2014.12.004	PROPN
fueconorg-5485	375	2	national	national	PROPN
fueconorg-5485	375	3	bank	bank	PROPN
fueconorg-5485	375	4	of	of	ADP
fueconorg-5485	375	5	serbia	serbia	PROPN
fueconorg-5485	375	6	(	(	PUNCT
fueconorg-5485	375	7	2019	2019	NUM
fueconorg-5485	375	8	)	)	PUNCT
fueconorg-5485	375	9	.	.	PUNCT
fueconorg-5485	376	1	retrieved	retrieve	VERB
fueconorg-5485	376	2	from	from	ADP
fueconorg-5485	376	3	:	:	PUNCT
fueconorg-5485	376	4	http://www.tvojnovac.nbs.rs/edukacija/latinica/40/teme/index.html	http://www.tvojnovac.nbs.rs/edukacija/latinica/40/teme/index.html	PROPN
fueconorg-5485	376	5	accessed	access	VERB
fueconorg-5485	376	6	on	on	ADP
fueconorg-5485	376	7	:	:	PUNCT
fueconorg-5485	376	8	11/07/2019	11/07/2019	NUM
fueconorg-5485	376	9	.	.	PUNCT
fueconorg-5485	377	1	national	national	PROPN
fueconorg-5485	377	2	bank	bank	PROPN
fueconorg-5485	377	3	of	of	ADP
fueconorg-5485	377	4	serbia	serbia	PROPN
fueconorg-5485	377	5	(	(	PUNCT
fueconorg-5485	377	6	2019a	2019a	NUM
fueconorg-5485	377	7	)	)	PUNCT
fueconorg-5485	377	8	.	.	PUNCT
fueconorg-5485	378	1	statistics	statistic	NOUN
fueconorg-5485	378	2	.	.	PUNCT
fueconorg-5485	379	1	retrieved	retrieve	VERB
fueconorg-5485	379	2	from	from	ADP
fueconorg-5485	379	3	:	:	PUNCT
fueconorg-5485	379	4	https://www.nbs.rs/internet/cirilica/80/index.html	https://www.nbs.rs/internet/cirilica/80/index.html	NOUN
fueconorg-5485	379	5	accessed	access	VERB
fueconorg-5485	379	6	on	on	ADP
fueconorg-5485	379	7	:	:	PUNCT
fueconorg-5485	379	8	11/07/2019	11/07/2019	NUM
fueconorg-5485	379	9	.	.	PUNCT
fueconorg-5485	380	1	national	national	PROPN
fueconorg-5485	380	2	bank	bank	PROPN
fueconorg-5485	380	3	of	of	ADP
fueconorg-5485	380	4	serbia	serbia	PROPN
fueconorg-5485	380	5	(	(	PUNCT
fueconorg-5485	380	6	2019b	2019b	NUM
fueconorg-5485	380	7	)	)	PUNCT
fueconorg-5485	380	8	.	.	PUNCT
fueconorg-5485	381	1	inflation	inflation	NOUN
fueconorg-5485	381	2	reports	report	VERB
fueconorg-5485	381	3	.	.	PUNCT
fueconorg-5485	382	1	retrieved	retrieve	VERB
fueconorg-5485	382	2	from	from	ADP
fueconorg-5485	382	3	:	:	PUNCT
fueconorg-5485	382	4	https://www.nbs.rs/internet/cirilica/	https://www.nbs.rs/internet/cirilica/	PROPN
fueconorg-5485	382	5	90/90_5	90/90_5	PROPN
fueconorg-5485	382	6	/	/	SYM
fueconorg-5485	382	7	ioi_02_2018.html	ioi_02_2018.html	NOUN
fueconorg-5485	382	8	accessed	access	VERB
fueconorg-5485	382	9	on	on	ADP
fueconorg-5485	382	10	:	:	PUNCT
fueconorg-5485	382	11	15/10/2019	15/10/2019	NUM
fueconorg-5485	382	12	.	.	PUNCT
fueconorg-5485	383	1	causality	causality	NOUN
fueconorg-5485	383	2	between	between	ADP
fueconorg-5485	383	3	exchange	exchange	NOUN
fueconorg-5485	383	4	rates	rate	NOUN
fueconorg-5485	383	5	and	and	CCONJ
fueconorg-5485	383	6	foreign	foreign	ADJ
fueconorg-5485	383	7	exchange	exchange	NOUN
fueconorg-5485	383	8	reserves	reserve	NOUN
fueconorg-5485	383	9	:	:	PUNCT
fueconorg-5485	383	10	serbian	serbian	ADJ
fueconorg-5485	383	11	case	case	NOUN
fueconorg-5485	383	12	459	459	NUM
fueconorg-5485	383	13	ndoricimpa	ndoricimpa	NOUN
fueconorg-5485	383	14	,	,	PUNCT
fueconorg-5485	383	15	a.	a.	NOUN
fueconorg-5485	383	16	(	(	PUNCT
fueconorg-5485	383	17	2013	2013	NUM
fueconorg-5485	383	18	)	)	PUNCT
fueconorg-5485	383	19	.	.	PUNCT
fueconorg-5485	384	1	structural	structural	ADJ
fueconorg-5485	384	2	breaks	break	NOUN
fueconorg-5485	384	3	and	and	CCONJ
fueconorg-5485	384	4	fiscal	fiscal	ADJ
fueconorg-5485	384	5	deficit	deficit	NOUN
fueconorg-5485	384	6	sustainability	sustainability	NOUN
fueconorg-5485	384	7	in	in	ADP
fueconorg-5485	384	8	eac	eac	PROPN
fueconorg-5485	384	9	countries	country	NOUN
fueconorg-5485	384	10	:	:	PUNCT
fueconorg-5485	384	11	empirical	empirical	ADJ
fueconorg-5485	384	12	evidence	evidence	NOUN
fueconorg-5485	384	13	.	.	PUNCT
fueconorg-5485	385	1	international	international	ADJ
fueconorg-5485	385	2	journal	journal	PROPN
fueconorg-5485	385	3	of	of	ADP
fueconorg-5485	385	4	economics	economic	NOUN
fueconorg-5485	385	5	,	,	PUNCT
fueconorg-5485	385	6	finance	finance	NOUN
fueconorg-5485	385	7	and	and	CCONJ
fueconorg-5485	385	8	management	management	NOUN
fueconorg-5485	385	9	sciences	science	NOUN
fueconorg-5485	385	10	,	,	PUNCT
fueconorg-5485	385	11	1	1	NUM
fueconorg-5485	385	12	(	(	PUNCT
fueconorg-5485	385	13	6	6	NUM
fueconorg-5485	385	14	)	)	PUNCT
fueconorg-5485	385	15	,	,	PUNCT
fueconorg-5485	385	16	391–399	391–399	NUM
fueconorg-5485	385	17	.	.	PUNCT
fueconorg-5485	385	18	https://doi.org/10.11648/j.ijefm.20130106.27	https://doi.org/10.11648/j.ijefm.20130106.27	PROPN
fueconorg-5485	385	19	neely	neely	PROPN
fueconorg-5485	385	20	,	,	PUNCT
fueconorg-5485	385	21	c.j	c.j	PROPN
fueconorg-5485	385	22	.	.	PROPN
fueconorg-5485	385	23	(	(	PUNCT
fueconorg-5485	385	24	2005	2005	NUM
fueconorg-5485	385	25	)	)	PUNCT
fueconorg-5485	385	26	.	.	PUNCT
fueconorg-5485	386	1	an	an	DET
fueconorg-5485	386	2	analysis	analysis	NOUN
fueconorg-5485	386	3	of	of	ADP
fueconorg-5485	386	4	recent	recent	ADJ
fueconorg-5485	386	5	studies	study	NOUN
fueconorg-5485	386	6	of	of	ADP
fueconorg-5485	386	7	the	the	DET
fueconorg-5485	386	8	effect	effect	NOUN
fueconorg-5485	386	9	of	of	ADP
fueconorg-5485	386	10	foreign	foreign	ADJ
fueconorg-5485	386	11	exchange	exchange	NOUN
fueconorg-5485	386	12	intervention	intervention	NOUN
fueconorg-5485	386	13	.	.	PUNCT
fueconorg-5485	387	1	frb	frb	PROPN
fueconorg-5485	387	2	of	of	ADP
fueconorg-5485	387	3	st	st	PROPN
fueconorg-5485	387	4	.	.	PROPN
fueconorg-5485	387	5	louis	louis	PROPN
fueconorg-5485	387	6	working	working	NOUN
fueconorg-5485	387	7	paper	paper	NOUN
fueconorg-5485	387	8	no	no	INTJ
fueconorg-5485	387	9	.	.	PUNCT
fueconorg-5485	388	1	https://dx.doi.org/10.2139/ssrn.762524	https://dx.doi.org/10.2139/ssrn.762524	PROPN
fueconorg-5485	389	1	nowak	nowak	PROPN
fueconorg-5485	389	2	,	,	PUNCT
fueconorg-5485	389	3	m.m	m.m	PROPN
fueconorg-5485	389	4	.	.	PROPN
fueconorg-5485	389	5	,	,	PUNCT
fueconorg-5485	389	6	hviding	hviding	ADJ
fueconorg-5485	389	7	,	,	PUNCT
fueconorg-5485	389	8	m.k	m.k	PROPN
fueconorg-5485	389	9	.	.	PROPN
fueconorg-5485	389	10	&	&	CCONJ
fueconorg-5485	389	11	ricci	ricci	PROPN
fueconorg-5485	389	12	,	,	PUNCT
fueconorg-5485	389	13	m.l.a	m.l.a	NOUN
fueconorg-5485	389	14	.	.	PUNCT
fueconorg-5485	389	15	(	(	PUNCT
fueconorg-5485	389	16	2004	2004	NUM
fueconorg-5485	389	17	)	)	PUNCT
fueconorg-5485	389	18	.	.	PUNCT
fueconorg-5485	390	1	can	can	AUX
fueconorg-5485	390	2	higher	high	ADJ
fueconorg-5485	390	3	reserves	reserve	NOUN
fueconorg-5485	390	4	help	help	VERB
fueconorg-5485	390	5	reduce	reduce	VERB
fueconorg-5485	390	6	exchange	exchange	NOUN
fueconorg-5485	390	7	rate	rate	NOUN
fueconorg-5485	390	8	volatility	volatility	NOUN
fueconorg-5485	390	9	?	?	PUNCT
fueconorg-5485	391	1	(	(	PUNCT
fueconorg-5485	391	2	no	no	INTJ
fueconorg-5485	391	3	.	.	NOUN
fueconorg-5485	391	4	4	4	NUM
fueconorg-5485	391	5	-	-	SYM
fueconorg-5485	391	6	189	189	NUM
fueconorg-5485	391	7	)	)	PUNCT
fueconorg-5485	391	8	.	.	PUNCT
fueconorg-5485	392	1	international	international	ADJ
fueconorg-5485	392	2	monetary	monetary	ADJ
fueconorg-5485	392	3	fund	fund	PROPN
fueconorg-5485	392	4	.	.	PUNCT
fueconorg-5485	393	1	ojede	ojede	PROPN
fueconorg-5485	393	2	,	,	PUNCT
fueconorg-5485	393	3	a.	a.	PROPN
fueconorg-5485	393	4	&	&	CCONJ
fueconorg-5485	393	5	lam	lam	PROPN
fueconorg-5485	393	6	,	,	PUNCT
fueconorg-5485	393	7	e.	e.	PROPN
fueconorg-5485	393	8	(	(	PUNCT
fueconorg-5485	393	9	2017	2017	NUM
fueconorg-5485	393	10	)	)	PUNCT
fueconorg-5485	393	11	.	.	PUNCT
fueconorg-5485	394	1	the	the	DET
fueconorg-5485	394	2	impact	impact	NOUN
fueconorg-5485	394	3	of	of	ADP
fueconorg-5485	394	4	changes	change	NOUN
fueconorg-5485	394	5	in	in	ADP
fueconorg-5485	394	6	monetary	monetary	ADJ
fueconorg-5485	394	7	aggregates	aggregate	NOUN
fueconorg-5485	394	8	on	on	ADP
fueconorg-5485	394	9	exchange	exchange	NOUN
fueconorg-5485	394	10	rate	rate	NOUN
fueconorg-5485	394	11	volatility	volatility	NOUN
fueconorg-5485	394	12	in	in	ADP
fueconorg-5485	394	13	a	a	DET
fueconorg-5485	394	14	developing	develop	VERB
fueconorg-5485	394	15	country	country	NOUN
fueconorg-5485	394	16	:	:	PUNCT
fueconorg-5485	394	17	do	do	VERB
fueconorg-5485	394	18	structural	structural	ADJ
fueconorg-5485	394	19	breaks	break	NOUN
fueconorg-5485	394	20	matter	matter	NOUN
fueconorg-5485	394	21	?	?	PUNCT
fueconorg-5485	394	22	.	.	PUNCT
fueconorg-5485	395	1	economics	economic	NOUN
fueconorg-5485	395	2	letters	letter	NOUN
fueconorg-5485	395	3	,	,	PUNCT
fueconorg-5485	395	4	155	155	NUM
fueconorg-5485	395	5	,	,	PUNCT
fueconorg-5485	395	6	111–115	111–115	NUM
fueconorg-5485	395	7	.	.	PUNCT
fueconorg-5485	396	1	https://doi.org/10.1016/j.econlet.2017.03.024	https://doi.org/10.1016/j.econlet.2017.03.024	NOUN
fueconorg-5485	396	2	perron	perron	PROPN
fueconorg-5485	396	3	,	,	PUNCT
fueconorg-5485	396	4	p.	p.	NOUN
fueconorg-5485	396	5	(	(	PUNCT
fueconorg-5485	396	6	1989	1989	NUM
fueconorg-5485	396	7	)	)	PUNCT
fueconorg-5485	396	8	.	.	PUNCT
fueconorg-5485	397	1	the	the	DET
fueconorg-5485	397	2	great	great	ADJ
fueconorg-5485	397	3	crash	crash	NOUN
fueconorg-5485	397	4	,	,	PUNCT
fueconorg-5485	397	5	the	the	DET
fueconorg-5485	397	6	oil	oil	NOUN
fueconorg-5485	397	7	price	price	NOUN
fueconorg-5485	397	8	shock	shock	NOUN
fueconorg-5485	397	9	,	,	PUNCT
fueconorg-5485	397	10	and	and	CCONJ
fueconorg-5485	397	11	the	the	DET
fueconorg-5485	397	12	unit	unit	NOUN
fueconorg-5485	397	13	root	root	PROPN
fueconorg-5485	397	14	hypothesis	hypothesis	NOUN
fueconorg-5485	397	15	.	.	PUNCT
fueconorg-5485	398	1	econometrica	econometrica	PROPN
fueconorg-5485	398	2	:	:	PUNCT
fueconorg-5485	398	3	journal	journal	NOUN
fueconorg-5485	398	4	of	of	ADP
fueconorg-5485	398	5	the	the	DET
fueconorg-5485	398	6	econometric	econometric	ADJ
fueconorg-5485	398	7	society	society	NOUN
fueconorg-5485	398	8	,	,	PUNCT
fueconorg-5485	398	9	1361–1401	1361–1401	NUM
fueconorg-5485	398	10	.	.	PUNCT
fueconorg-5485	399	1	https://doi.org/10.2307/1913712	https://doi.org/10.2307/1913712	NOUN
fueconorg-5485	399	2	phillips	phillips	PROPN
fueconorg-5485	399	3	,	,	PUNCT
fueconorg-5485	399	4	p.c	p.c	PROPN
fueconorg-5485	399	5	.	.	PROPN
fueconorg-5485	399	6	&	&	CCONJ
fueconorg-5485	399	7	ouliaris	ouliaris	PROPN
fueconorg-5485	399	8	,	,	PUNCT
fueconorg-5485	399	9	s.	s.	PROPN
fueconorg-5485	399	10	(	(	PUNCT
fueconorg-5485	399	11	1990	1990	NUM
fueconorg-5485	399	12	)	)	PUNCT
fueconorg-5485	399	13	.	.	PUNCT
fueconorg-5485	400	1	asymptotic	asymptotic	ADJ
fueconorg-5485	400	2	properties	property	NOUN
fueconorg-5485	400	3	of	of	ADP
fueconorg-5485	400	4	residual	residual	ADJ
fueconorg-5485	400	5	based	base	VERB
fueconorg-5485	400	6	tests	test	NOUN
fueconorg-5485	400	7	for	for	ADP
fueconorg-5485	400	8	cointegration	cointegration	NOUN
fueconorg-5485	400	9	.	.	PUNCT
fueconorg-5485	401	1	econometrica	econometrica	PROPN
fueconorg-5485	401	2	,	,	PUNCT
fueconorg-5485	401	3	58	58	NUM
fueconorg-5485	401	4	(	(	PUNCT
fueconorg-5485	401	5	1	1	NUM
fueconorg-5485	401	6	)	)	PUNCT
fueconorg-5485	401	7	,	,	PUNCT
fueconorg-5485	401	8	165–193	165–193	NUM
fueconorg-5485	401	9	.	.	PUNCT
fueconorg-5485	402	1	https://doi.org/10.2307/2938339	https://doi.org/10.2307/2938339	PROPN
fueconorg-5485	402	2	rapach	rapach	NOUN
fueconorg-5485	402	3	,	,	PUNCT
fueconorg-5485	402	4	d.e	d.e	PROPN
fueconorg-5485	402	5	.	.	PROPN
fueconorg-5485	402	6	&	&	CCONJ
fueconorg-5485	402	7	strauss	strauss	PROPN
fueconorg-5485	402	8	,	,	PUNCT
fueconorg-5485	402	9	j.k	j.k	PROPN
fueconorg-5485	402	10	.	.	PROPN
fueconorg-5485	402	11	(	(	PUNCT
fueconorg-5485	402	12	2008	2008	NUM
fueconorg-5485	402	13	)	)	PUNCT
fueconorg-5485	402	14	.	.	PUNCT
fueconorg-5485	403	1	structural	structural	ADJ
fueconorg-5485	403	2	breaks	break	NOUN
fueconorg-5485	403	3	and	and	CCONJ
fueconorg-5485	403	4	garch	garch	NOUN
fueconorg-5485	403	5	models	model	NOUN
fueconorg-5485	403	6	of	of	ADP
fueconorg-5485	403	7	exchange	exchange	NOUN
fueconorg-5485	403	8	rate	rate	NOUN
fueconorg-5485	403	9	volatility	volatility	NOUN
fueconorg-5485	403	10	.	.	PUNCT
fueconorg-5485	404	1	journal	journal	NOUN
fueconorg-5485	404	2	of	of	ADP
fueconorg-5485	404	3	applied	applied	ADJ
fueconorg-5485	404	4	econometrics	econometric	NOUN
fueconorg-5485	404	5	,	,	PUNCT
fueconorg-5485	404	6	23	23	NUM
fueconorg-5485	404	7	(	(	PUNCT
fueconorg-5485	404	8	1	1	NUM
fueconorg-5485	404	9	)	)	PUNCT
fueconorg-5485	404	10	,	,	PUNCT
fueconorg-5485	404	11	65–90	65–90	NOUN
fueconorg-5485	404	12	.	.	PUNCT
fueconorg-5485	405	1	https://doi.org/10.1002/jae.976	https://doi.org/10.1002/jae.976	NOUN
fueconorg-5485	405	2	salisu	salisu	ADJ
fueconorg-5485	405	3	,	,	PUNCT
fueconorg-5485	405	4	a.a	a.a	PROPN
fueconorg-5485	405	5	.	.	PROPN
fueconorg-5485	405	6	,	,	PUNCT
fueconorg-5485	405	7	adekunle	adekunle	PROPN
fueconorg-5485	405	8	,	,	PUNCT
fueconorg-5485	405	9	w.	w.	PROPN
fueconorg-5485	405	10	,	,	PUNCT
fueconorg-5485	405	11	alimi	alimi	PROPN
fueconorg-5485	405	12	,	,	PUNCT
fueconorg-5485	405	13	w.a	w.a	PROPN
fueconorg-5485	405	14	.	.	PROPN
fueconorg-5485	405	15	&	&	CCONJ
fueconorg-5485	405	16	emmanuel	emmanuel	PROPN
fueconorg-5485	405	17	,	,	PUNCT
fueconorg-5485	405	18	z.	z.	PROPN
fueconorg-5485	405	19	(	(	PUNCT
fueconorg-5485	405	20	2019	2019	NUM
fueconorg-5485	405	21	)	)	PUNCT
fueconorg-5485	405	22	.	.	PUNCT
fueconorg-5485	406	1	predicting	predict	VERB
fueconorg-5485	406	2	exchange	exchange	NOUN
fueconorg-5485	406	3	rate	rate	NOUN
fueconorg-5485	406	4	with	with	ADP
fueconorg-5485	406	5	commodity	commodity	NOUN
fueconorg-5485	406	6	prices	price	NOUN
fueconorg-5485	406	7	:	:	PUNCT
fueconorg-5485	406	8	new	new	ADJ
fueconorg-5485	406	9	evidence	evidence	NOUN
fueconorg-5485	406	10	from	from	ADP
fueconorg-5485	406	11	westerlund	westerlund	NOUN
fueconorg-5485	406	12	and	and	CCONJ
fueconorg-5485	406	13	narayan	narayan	NOUN
fueconorg-5485	406	14	(	(	PUNCT
fueconorg-5485	406	15	2015	2015	NUM
fueconorg-5485	406	16	)	)	PUNCT
fueconorg-5485	406	17	estimator	estimator	NOUN
fueconorg-5485	406	18	with	with	ADP
fueconorg-5485	406	19	structural	structural	ADJ
fueconorg-5485	406	20	breaks	break	NOUN
fueconorg-5485	406	21	and	and	CCONJ
fueconorg-5485	406	22	asymmetries	asymmetry	NOUN
fueconorg-5485	406	23	.	.	PUNCT
fueconorg-5485	407	1	resources	resource	NOUN
fueconorg-5485	407	2	policy	policy	NOUN
fueconorg-5485	407	3	,	,	PUNCT
fueconorg-5485	407	4	62	62	NUM
fueconorg-5485	407	5	,	,	PUNCT
fueconorg-5485	407	6	33–56	33–56	NUM
fueconorg-5485	407	7	.	.	PUNCT
fueconorg-5485	408	1	https://doi.org/10.1016/j.resourpol.2019.03.006	https://doi.org/10.1016/j.resourpol.2019.03.006	ADJ
fueconorg-5485	408	2	umit	umit	NOUN
fueconorg-5485	408	3	,	,	PUNCT
fueconorg-5485	408	4	a.o	a.o	PROPN
fueconorg-5485	408	5	.	.	PROPN
fueconorg-5485	408	6	(	(	PUNCT
fueconorg-5485	408	7	2016	2016	NUM
fueconorg-5485	408	8	)	)	PUNCT
fueconorg-5485	408	9	.	.	PUNCT
fueconorg-5485	409	1	stationarity	stationarity	NOUN
fueconorg-5485	409	2	of	of	ADP
fueconorg-5485	409	3	real	real	ADJ
fueconorg-5485	409	4	exchange	exchange	NOUN
fueconorg-5485	409	5	rates	rate	NOUN
fueconorg-5485	409	6	in	in	ADP
fueconorg-5485	409	7	the	the	DET
fueconorg-5485	409	8	“	"	PUNCT
fueconorg-5485	409	9	fragile	fragile	ADJ
fueconorg-5485	409	10	five	five	NUM
fueconorg-5485	409	11	”	"	PUNCT
fueconorg-5485	409	12	:	:	PUNCT
fueconorg-5485	409	13	analysis	analysis	NOUN
fueconorg-5485	409	14	with	with	ADP
fueconorg-5485	409	15	structural	structural	ADJ
fueconorg-5485	409	16	breaks	break	NOUN
fueconorg-5485	409	17	.	.	PUNCT
fueconorg-5485	410	1	international	international	ADJ
fueconorg-5485	410	2	journal	journal	PROPN
fueconorg-5485	410	3	of	of	ADP
fueconorg-5485	410	4	economics	economic	NOUN
fueconorg-5485	410	5	and	and	CCONJ
fueconorg-5485	410	6	finance	finance	NOUN
fueconorg-5485	410	7	,	,	PUNCT
fueconorg-5485	410	8	8	8	NUM
fueconorg-5485	410	9	(	(	PUNCT
fueconorg-5485	410	10	4	4	NUM
fueconorg-5485	410	11	)	)	PUNCT
fueconorg-5485	410	12	,	,	PUNCT
fueconorg-5485	410	13	254–270	254–270	NUM
fueconorg-5485	410	14	.	.	PUNCT
fueconorg-5485	411	1	https://doi.org/10.5539/ijef.v8n4p254	https://doi.org/10.5539/ijef.v8n4p254	PROPN
fueconorg-5485	411	2	viola	viola	PROPN
fueconorg-5485	411	3	,	,	PUNCT
fueconorg-5485	411	4	a.p	a.p	PROPN
fueconorg-5485	411	5	.	.	PROPN
fueconorg-5485	411	6	,	,	PUNCT
fueconorg-5485	411	7	klotzle	klotzle	PROPN
fueconorg-5485	411	8	,	,	PUNCT
fueconorg-5485	411	9	m.c	m.c	PROPN
fueconorg-5485	411	10	.	.	PROPN
fueconorg-5485	411	11	,	,	PUNCT
fueconorg-5485	411	12	pinto	pinto	PROPN
fueconorg-5485	411	13	,	,	PUNCT
fueconorg-5485	411	14	a.c.f	a.c.f	PROPN
fueconorg-5485	411	15	.	.	PROPN
fueconorg-5485	411	16	&	&	CCONJ
fueconorg-5485	411	17	da	da	PROPN
fueconorg-5485	411	18	silveira	silveira	PROPN
fueconorg-5485	411	19	barbedo	barbedo	PROPN
fueconorg-5485	411	20	,	,	PUNCT
fueconorg-5485	411	21	c.h	c.h	PROPN
fueconorg-5485	411	22	.	.	PROPN
fueconorg-5485	411	23	(	(	PUNCT
fueconorg-5485	411	24	2019	2019	NUM
fueconorg-5485	411	25	)	)	PUNCT
fueconorg-5485	411	26	.	.	PUNCT
fueconorg-5485	412	1	foreign	foreign	ADJ
fueconorg-5485	412	2	exchange	exchange	NOUN
fueconorg-5485	412	3	interventions	intervention	NOUN
fueconorg-5485	412	4	in	in	ADP
fueconorg-5485	412	5	brazil	brazil	PROPN
fueconorg-5485	412	6	and	and	CCONJ
fueconorg-5485	412	7	their	their	PRON
fueconorg-5485	412	8	impact	impact	NOUN
fueconorg-5485	412	9	on	on	ADP
fueconorg-5485	412	10	volatility	volatility	NOUN
fueconorg-5485	412	11	:	:	PUNCT
fueconorg-5485	412	12	a	a	DET
fueconorg-5485	412	13	quantile	quantile	ADJ
fueconorg-5485	412	14	regression	regression	NOUN
fueconorg-5485	412	15	approach	approach	NOUN
fueconorg-5485	412	16	.	.	PUNCT
fueconorg-5485	413	1	research	research	NOUN
fueconorg-5485	413	2	in	in	ADP
fueconorg-5485	413	3	international	international	ADJ
fueconorg-5485	413	4	business	business	NOUN
fueconorg-5485	413	5	and	and	CCONJ
fueconorg-5485	413	6	finance	finance	NOUN
fueconorg-5485	413	7	,	,	PUNCT
fueconorg-5485	413	8	47	47	NUM
fueconorg-5485	413	9	,	,	PUNCT
fueconorg-5485	413	10	251–263	251–263	NUM
fueconorg-5485	413	11	.	.	PUNCT
fueconorg-5485	414	1	https://doi.org/10.1016/j.ribaf.2018.08.002	https://doi.org/10.1016/j.ribaf.2018.08.002	NUM
fueconorg-5485	414	2	waheed	waheed	PROPN
fueconorg-5485	414	3	,	,	PUNCT
fueconorg-5485	414	4	m.	m.	NOUN
fueconorg-5485	414	5	,	,	PUNCT
fueconorg-5485	414	6	alam	alam	PROPN
fueconorg-5485	414	7	,	,	PUNCT
fueconorg-5485	414	8	t.	t.	PROPN
fueconorg-5485	414	9	&	&	CCONJ
fueconorg-5485	414	10	ghauri	ghauri	PROPN
fueconorg-5485	414	11	,	,	PUNCT
fueconorg-5485	414	12	s.p	s.p	PROPN
fueconorg-5485	414	13	.	.	PROPN
fueconorg-5485	414	14	(	(	PUNCT
fueconorg-5485	414	15	2006	2006	NUM
fueconorg-5485	414	16	)	)	PUNCT
fueconorg-5485	414	17	.	.	PUNCT
fueconorg-5485	415	1	structural	structural	ADJ
fueconorg-5485	415	2	breaks	break	NOUN
fueconorg-5485	415	3	and	and	CCONJ
fueconorg-5485	415	4	unit	unit	NOUN
fueconorg-5485	415	5	root	root	NOUN
fueconorg-5485	415	6	:	:	PUNCT
fueconorg-5485	415	7	evidence	evidence	NOUN
fueconorg-5485	415	8	from	from	ADP
fueconorg-5485	415	9	pakistani	pakistani	ADJ
fueconorg-5485	415	10	macroeconomic	macroeconomic	ADJ
fueconorg-5485	415	11	time	time	NOUN
fueconorg-5485	415	12	series	series	PROPN
fueconorg-5485	415	13	.	.	PUNCT
fueconorg-5485	416	1	available	available	ADJ
fueconorg-5485	416	2	at	at	ADP
fueconorg-5485	416	3	ssrn	ssrn	PROPN
fueconorg-5485	416	4	963958	963958	NUM
fueconorg-5485	416	5	.	.	PUNCT
fueconorg-5485	417	1	https://doi.org/10.2139/ssrn.963958	https://doi.org/10.2139/ssrn.963958	PROPN
fueconorg-5485	417	2	watson	watson	PROPN
fueconorg-5485	417	3	,	,	PUNCT
fueconorg-5485	417	4	p.k	p.k	PROPN
fueconorg-5485	417	5	.	.	PROPN
fueconorg-5485	417	6	&	&	CCONJ
fueconorg-5485	417	7	teelucksingh	teelucksingh	PROPN
fueconorg-5485	417	8	,	,	PUNCT
fueconorg-5485	417	9	s.s	s.s	PROPN
fueconorg-5485	417	10	.	.	PROPN
fueconorg-5485	417	11	(	(	PUNCT
fueconorg-5485	417	12	2002	2002	NUM
fueconorg-5485	417	13	)	)	PUNCT
fueconorg-5485	417	14	.	.	PUNCT
fueconorg-5485	418	1	a	a	DET
fueconorg-5485	418	2	practical	practical	ADJ
fueconorg-5485	418	3	introduction	introduction	NOUN
fueconorg-5485	418	4	to	to	ADP
fueconorg-5485	418	5	econometric	econometric	ADJ
fueconorg-5485	418	6	methods	method	NOUN
fueconorg-5485	418	7	:	:	PUNCT
fueconorg-5485	418	8	classical	classical	ADJ
fueconorg-5485	418	9	and	and	CCONJ
fueconorg-5485	418	10	modern	modern	ADJ
fueconorg-5485	418	11	.	.	PUNCT
fueconorg-5485	419	1	university	university	NOUN
fueconorg-5485	419	2	of	of	ADP
fueconorg-5485	419	3	west	west	PROPN
fueconorg-5485	419	4	indies	indies	PROPN
fueconorg-5485	419	5	press	press	VERB
fueconorg-5485	419	6	you	you	PRON
fueconorg-5485	419	7	,	,	PUNCT
fueconorg-5485	419	8	k.	k.	PROPN
fueconorg-5485	419	9	&	&	CCONJ
fueconorg-5485	419	10	sarantis	sarantis	PROPN
fueconorg-5485	419	11	,	,	PUNCT
fueconorg-5485	419	12	n.	n.	NOUN
fueconorg-5485	419	13	(	(	PUNCT
fueconorg-5485	419	14	2012	2012	NUM
fueconorg-5485	419	15	)	)	PUNCT
fueconorg-5485	419	16	.	.	PUNCT
fueconorg-5485	420	1	structural	structural	ADJ
fueconorg-5485	420	2	breaks	break	NOUN
fueconorg-5485	420	3	and	and	CCONJ
fueconorg-5485	420	4	the	the	DET
fueconorg-5485	420	5	equilibrium	equilibrium	NOUN
fueconorg-5485	420	6	real	real	ADJ
fueconorg-5485	420	7	effective	effective	ADJ
fueconorg-5485	420	8	exchange	exchange	NOUN
fueconorg-5485	420	9	rate	rate	NOUN
fueconorg-5485	420	10	of	of	ADP
fueconorg-5485	420	11	china	china	PROPN
fueconorg-5485	420	12	:	:	PUNCT
fueconorg-5485	420	13	a	a	DET
fueconorg-5485	420	14	natrex	natrex	ADJ
fueconorg-5485	420	15	approach	approach	NOUN
fueconorg-5485	420	16	.	.	PUNCT
fueconorg-5485	421	1	china	china	PROPN
fueconorg-5485	421	2	economic	economic	PROPN
fueconorg-5485	421	3	review	review	PROPN
fueconorg-5485	421	4	,	,	PUNCT
fueconorg-5485	421	5	23	23	NUM
fueconorg-5485	421	6	(	(	PUNCT
fueconorg-5485	421	7	4	4	NUM
fueconorg-5485	421	8	)	)	PUNCT
fueconorg-5485	421	9	,	,	PUNCT
fueconorg-5485	421	10	1146–1163	1146–1163	NUM
fueconorg-5485	421	11	.	.	PUNCT
fueconorg-5485	422	1	https://doi.org/10.1016/j.chieco.2012.08.002	https://doi.org/10.1016/j.chieco.2012.08.002	PROPN
fueconorg-5485	422	2	zivot	zivot	PROPN
fueconorg-5485	422	3	,	,	PUNCT
fueconorg-5485	422	4	e.	e.	PROPN
fueconorg-5485	422	5	&	&	CCONJ
fueconorg-5485	422	6	andrews	andrews	PROPN
fueconorg-5485	422	7	,	,	PUNCT
fueconorg-5485	422	8	d.w.k	d.w.k	PROPN
fueconorg-5485	422	9	.	.	PUNCT
fueconorg-5485	422	10	(	(	PUNCT
fueconorg-5485	422	11	2002	2002	NUM
fueconorg-5485	422	12	)	)	PUNCT
fueconorg-5485	422	13	.	.	PUNCT
fueconorg-5485	423	1	further	further	ADJ
fueconorg-5485	423	2	evidence	evidence	NOUN
fueconorg-5485	423	3	on	on	ADP
fueconorg-5485	423	4	the	the	DET
fueconorg-5485	423	5	great	great	ADJ
fueconorg-5485	423	6	crash	crash	NOUN
fueconorg-5485	423	7	,	,	PUNCT
fueconorg-5485	423	8	the	the	DET
fueconorg-5485	423	9	oil	oil	NOUN
fueconorg-5485	423	10	-	-	PUNCT
fueconorg-5485	423	11	price	price	NOUN
fueconorg-5485	423	12	shock	shock	NOUN
fueconorg-5485	423	13	,	,	PUNCT
fueconorg-5485	423	14	and	and	CCONJ
fueconorg-5485	423	15	the	the	DET
fueconorg-5485	423	16	unit	unit	NOUN
fueconorg-5485	423	17	-	-	PUNCT
fueconorg-5485	423	18	root	root	NOUN
fueconorg-5485	423	19	hypothesis	hypothesis	NOUN
fueconorg-5485	423	20	.	.	PUNCT
fueconorg-5485	424	1	journal	journal	PROPN
fueconorg-5485	424	2	of	of	ADP
fueconorg-5485	424	3	business	business	PROPN
fueconorg-5485	424	4	&	&	CCONJ
fueconorg-5485	424	5	economic	economic	ADJ
fueconorg-5485	424	6	statistics	statistic	NOUN
fueconorg-5485	424	7	,	,	PUNCT
fueconorg-5485	424	8	20	20	NUM
fueconorg-5485	424	9	(	(	PUNCT
fueconorg-5485	424	10	1	1	NUM
fueconorg-5485	424	11	)	)	PUNCT
fueconorg-5485	424	12	,	,	PUNCT
fueconorg-5485	424	13	25–44	25–44	NUM
fueconorg-5485	424	14	.	.	PUNCT
fueconorg-5485	425	1	https://doi.org/10.2307/1391541	https://doi.org/10.2307/1391541	ADJ
fueconorg-5485	425	2	uzročnost	uzročnost	ADJ
fueconorg-5485	425	3	između	između	NOUN
fueconorg-5485	425	4	deviznih	deviznih	PROPN
fueconorg-5485	425	5	kurseva	kurseva	PROPN
fueconorg-5485	426	1	i	i	PRON
fueconorg-5485	426	2	deviznih	deviznih	VERB
fueconorg-5485	426	3	rezervi	rezervi	ADJ
fueconorg-5485	426	4	:	:	PUNCT
fueconorg-5485	427	1	primer	primer	NOUN
fueconorg-5485	427	2	srbije	srbije	PROPN
fueconorg-5485	427	3	cilj	cilj	ADJ
fueconorg-5485	427	4	ovog	ovog	NOUN
fueconorg-5485	427	5	rada	rada	PROPN
fueconorg-5485	427	6	jeste	jeste	PROPN
fueconorg-5485	427	7	utvrđivanje	utvrđivanje	PROPN
fueconorg-5485	427	8	odnosa	odnosa	PROPN
fueconorg-5485	427	9	između	između	VERB
fueconorg-5485	427	10	deviznog	deviznog	ADV
fueconorg-5485	427	11	kursa	kursa	PROPN
fueconorg-5485	428	1	(	(	PUNCT
fueconorg-5485	428	2	nominalnog	nominalnog	ADV
fueconorg-5485	428	3	i	i	PRON
fueconorg-5485	428	4	realnog	realnog	VERB
fueconorg-5485	428	5	)	)	PUNCT
fueconorg-5485	429	1	i	i	PRON
fueconorg-5485	429	2	deviznih	deviznih	VERB
fueconorg-5485	429	3	rezervi	rezervi	VERB
fueconorg-5485	429	4	na	na	ADP
fueconorg-5485	429	5	osnovu	osnovu	PROPN
fueconorg-5485	429	6	mesečnih	mesečnih	PROPN
fueconorg-5485	429	7	podataka	podataka	PROPN
fueconorg-5485	429	8	za	za	PROPN
fueconorg-5485	429	9	period	period	NOUN
fueconorg-5485	429	10	od	od	PROPN
fueconorg-5485	429	11	septembra	septembra	NOUN
fueconorg-5485	429	12	2006	2006	NUM
fueconorg-5485	429	13	do	do	VERB
fueconorg-5485	429	14	aprila	aprila	PROPN
fueconorg-5485	429	15	2019	2019	NUM
fueconorg-5485	429	16	.	.	PUNCT
fueconorg-5485	430	1	godine	godine	PROPN
fueconorg-5485	430	2	,	,	PUNCT
fueconorg-5485	430	3	primenom	primenom	PROPN
fueconorg-5485	430	4	testova	testova	NUM
fueconorg-5485	430	5	jediničnog	jediničnog	PROPN
fueconorg-5485	430	6	korena	korena	PROPN
fueconorg-5485	431	1	i	i	PRON
fueconorg-5485	431	2	testova	testova	PROPN
fueconorg-5485	431	3	kointegracije	kointegracije	PROPN
fueconorg-5485	431	4	koji	koji	PROPN
fueconorg-5485	431	5	uzimaju	uzimaju	PROPN
fueconorg-5485	431	6	u	u	PROPN
fueconorg-5485	431	7	obzir	obzir	ADJ
fueconorg-5485	431	8	mogućnost	mogućnost	VERB
fueconorg-5485	431	9	postojanja	postojanja	ADJ
fueconorg-5485	431	10	strukturnog	strukturnog	PROPN
fueconorg-5485	431	11	loma	loma	PROPN
fueconorg-5485	431	12	.	.	PUNCT
fueconorg-5485	432	1	rezultati	rezultati	PROPN
fueconorg-5485	432	2	testa	testa	PROPN
fueconorg-5485	432	3	uzročnosti	uzročnosti	VERB
fueconorg-5485	432	4	ukazuju	ukazuju	PROPN
fueconorg-5485	432	5	da	da	PROPN
fueconorg-5485	432	6	postoji	postoji	PROPN
fueconorg-5485	432	7	dugoročna	dugoročna	NOUN
fueconorg-5485	432	8	veza	veza	PROPN
fueconorg-5485	432	9	između	između	VERB
fueconorg-5485	432	10	nominalnog	nominalnog	ADV
fueconorg-5485	432	11	deviznog	deviznog	VERB
fueconorg-5485	433	1	kursa	kursa	PROPN
fueconorg-5485	433	2	i	i	PRON
fueconorg-5485	433	3	deviznih	deviznih	VERB
fueconorg-5485	433	4	rezervi	rezervi	ADJ
fueconorg-5485	433	5	.	.	PUNCT
fueconorg-5485	434	1	sa	sa	PROPN
fueconorg-5485	434	2	druge	druge	PROPN
fueconorg-5485	434	3	strane	strane	PROPN
fueconorg-5485	434	4	,	,	PUNCT
fueconorg-5485	434	5	nije	nije	PROPN
fueconorg-5485	434	6	utvrđeno	utvrđeno	ADJ
fueconorg-5485	434	7	postojanje	postojanje	PROPN
fueconorg-5485	434	8	dugoročne	dugoročne	VERB
fueconorg-5485	434	9	veze	veze	PROPN
fueconorg-5485	434	10	između	između	NOUN
fueconorg-5485	434	11	realnog	realnog	PROPN
fueconorg-5485	434	12	deviznog	deviznog	PROPN
fueconorg-5485	435	1	kursa	kursa	PROPN
fueconorg-5485	436	1	i	i	PRON
fueconorg-5485	436	2	deviznih	deviznih	PROPN
fueconorg-5485	436	3	rezervi	rezervi	PROPN
fueconorg-5485	436	4	,	,	PUNCT
fueconorg-5485	436	5	ali	ali	PROPN
fueconorg-5485	436	6	da	da	PROPN
fueconorg-5485	436	7	postoji	postoji	PROPN
fueconorg-5485	436	8	kratkoročna	kratkoročna	PROPN
fueconorg-5485	436	9	uzročnost	uzročnost	PROPN
fueconorg-5485	436	10	,	,	PUNCT
fueconorg-5485	436	11	odnosno	odnosno	ADJ
fueconorg-5485	436	12	da	da	NOUN
fueconorg-5485	436	13	realni	realni	NOUN
fueconorg-5485	436	14	devizni	devizni	NOUN
fueconorg-5485	436	15	kurs	kurs	PROPN
fueconorg-5485	436	16	granger	granger	PROPN
fueconorg-5485	436	17	-	-	PUNCT
fueconorg-5485	436	18	uzrokuje	uzrokuje	PROPN
fueconorg-5485	436	19	devizne	devizne	PROPN
fueconorg-5485	436	20	rezerve	rezerve	PROPN
fueconorg-5485	436	21	.	.	PUNCT
fueconorg-5485	437	1	ključne	ključne	PROPN
fueconorg-5485	437	2	reči	reči	NOUN
fueconorg-5485	437	3	:	:	PUNCT
fueconorg-5485	437	4	devizni	devizni	PROPN
fueconorg-5485	437	5	kurs	kurs	PROPN
fueconorg-5485	437	6	,	,	PUNCT
fueconorg-5485	437	7	devizne	devizne	PROPN
fueconorg-5485	437	8	rezerve	rezerve	PROPN
fueconorg-5485	437	9	,	,	PUNCT
fueconorg-5485	437	10	testovi	testovi	PROPN
fueconorg-5485	437	11	jediničnog	jediničnog	PROPN
fueconorg-5485	437	12	korena	korena	PROPN
fueconorg-5485	437	13	,	,	PUNCT
fueconorg-5485	437	14	testovi	testovi	NOUN
fueconorg-5485	437	15	kointegracije	kointegracije	PROPN
fueconorg-5485	437	16	,	,	PUNCT
fueconorg-5485	437	17	granger	granger	PROPN
fueconorg-5485	437	18	uzročnost	uzročnost	PROPN
fueconorg-5485	437	19	,	,	PUNCT
fueconorg-5485	437	20	vektorski	vektorski	NOUN
fueconorg-5485	437	21	model	model	NOUN
fueconorg-5485	437	22	sa	sa	PROPN
fueconorg-5485	437	23	korekcijom	korekcijom	PROPN
fueconorg-5485	437	24	greške	greške	VERB
fueconorg-5485	437	25	https://doi.org/10.1016/j.ribaf.2018.08.002	https://doi.org/10.1016/j.ribaf.2018.08.002	PRON