Equation

Excluded

Chi2

Prob > chi2

Current account balance

Money supply (M2)

11.97

0.001

Real exchange rate

36.01

0.000

Income

4.34

0.037

Inflation

3.04

0.081

Investment

11.07

0.001

House-hold consumption expenditure

0.12

0.725

All

56.78

0.000