Exchange rate and foreign interest rate linkages for Sub-Saharan Africa floaters /

Mostrar otras versiones (1)

The paper considers the determinants of exchange rate movements among sub-Saharan countries that have flexible exchange rate regimes. The determinants are based on the law of one price and interest parity conditions. Results indicate that the exchange rates have responded significantly to changes in...

Descripción completa

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Thomas, Alun H. (Alun Huw) (Autor)
Autor Corporativo: International Monetary Fund. African Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Place of publication not identified] : International Monetary Fund, 2012.
Colección:IMF working paper ; WP/12/208.
Temas:
Foreign exchange rates > Africa, Sub-Saharan.
Interest rates > Africa, Sub-Saharan.
Taux de change > Afrique subsaharienne.
Taux d'intérêt > Afrique subsaharienne.
BUSINESS & ECONOMICS > Finance.
Foreign exchange rates
Interest rates
Sub-Saharan Africa
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover; Contents; Abstract; I. Introduction; II. Empirical Model and Data Description; A. Model; B. Data Description; III. Regression Analysis; A. Stationarity Tests; Regression Analysis; IV. Robustness and Diagnostic Checks; A. Robustness; B. Diagnostic Checks; V. Conclusion; Tables; 1. Measures of Capital Account Openness; 2. Augmented Dickey-Fuller Test Statistics; 3. South Africa: Johansen Cointegration Trace Test Statistics and Cointegrating Vector; 4. Pedroni Residual Test Statistics for Panel Data Estimation.
  • 5. Determinants of the Change in the Bilateral Exchange Rate Against U.S. dollar6. Determinants of the Change in the Nominal Effective Exchange Rate; 7. Determinants of Bilateral U.S. Dollar Exchange Rate Change-Robustness Checks; 8. Out of sample Forecasts: One Month Ahead; Figures; 1. Interest Rates (in percent) and the Nominal Exchange Rate (2007=100); References.

Ejemplares similares