Identifying Algeria’s de facto exchange rate regime: a wavelet-based approach

Journal of Economic Structures

The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 2 Frankel–Wei OLS estimates

Independent variables	Coefficient	Std-error	Prob
US dollar	0.89***	0.139	0.000
Euro	0.41***	0.116	0.000
Yen	−0.04	0.034	0.224
EMP	0.28***	0.038	0.000
Constant	0.0016**	0.00073	0.028
R-square	0.35
Adjusted R-squared	0.34
RMSE	0.011
Durbin–Watson	2.027
Wald test	1.04 (0.3095)
Observation	238

Dependent variable: DZD per SDR. ***and ** represent significance at the 1% and 5% level, respectively. Wald test (F-test) for coefficient restriction where null hypothesis is that all currencies on the right-hand side = 1