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In the long run, we're all mean reverting - Wavelet analysis on the fate of real exchange rates

This paper analyzes to what extent PPP holds in the long run. Firstly, standard unit root tests are used to test for stationarity. These results are then compared to the ones provided by a wavelet based OLS and an approximate ML estimator. Using these to determine the integration order of an ARFIMA(p,d,q) process, the results support the PPP hypothesis and indicate that real exchange rates are mea

We’re all in this together – or not? An assessment of ad-hoc collations in the Strait of Hormuz and its effects on the ambition of strategic autonomy

The purpose of this thesis is to investigate why EU member states chose to join ad-hoc collations outside of the EU framework in the Strait of Hormuz, despite having a jointly endorsed ambition in the EU to increase strategic autonomy. Furthermore, the thesis reflects on what the significance of the collations are for EU global actorness and the ambition of strategic autonomy. To do so, this thesi