Browsing by Subject "Foreign exchange rates"
Now showing items 1-2 of 2
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Exchange rate co-movement and volatility spill over in Africa
; (National Institute of Development Administration, 2015)
Although research interest in why and how economies are related to each other continues to accumulate (Joyce, 2013, Todd, 2008), our understanding of the mechanisms through which economic turmoil in one region transmits to another is still unclear. The motivations for this study were to examine the volatility transmission in the African foreign exchange market and the global world through financial interdependence and factors explaining exchange rate co-movement. The thesis set out to find answers to the questions of volatility spill over ... -
Exchange rate intervention for a small open economy under managed floating and inflation targeting
; (National Institute of Development Administration, 2011)
In this dissertation, the standard impulse control model of exchange rate intervention is modified to accommodate the managed floating regime and inflation targeting monetary policy. On the one hand, under managed floating regime, the central bank’s objective of exchange rate intervention is to stabilize international trade sector. On the other hand, the objective of inflation targeting is to stabilize domestic commodity prices and the real output. When these two policies are combined in the same model, the objective of exchange rate intervention ...