Variable

First difference p-value for Z(t)

Second difference p-value for Z(t)

LnRM2

0.6520

0.0000***

LnRGDP

0.8228

0.0000***

Inflation

0.0065**

0.0000***

lnExch

0.1085

0.0145**

LnLibor

0.5464

0.0020***

Ln91days

0.0006**

0.0006**