Publication
Title
Sources of real exchange rate fluctuations : empirical evidence from nine African countries
Author
Abstract
We investigate the sources of real exchange rate fluctuations in a sample of nine African countries from 1980:01 to 2005:04, using a trivariate structural vector autoregression. The analysis is motivated by a stochastic sticky-price model from which three shocks are identified; demand, supply and monetary shocks. The results indicate that demand shocks are the predominant source of real exchange rate movements in these countries, although nominal shocks have also played a small but significant role in South Africa and Botswana, and supply shocks seem to be of some relevance for Algeria, Egypt and Tanzania.
Language
English
Source (journal)
Manchester School / University of Manchester. Department of Economics. - Manchester, 1998, currens
Publication
Manchester : 2009
ISSN
1463-6786 [print]
1467-9957 [online]
Volume/pages
77:S:1(2009), p. 66-84
ISI
000268030900004
Full text (Publishers DOI)
Full text (publishers version - intranet only)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identification
Creation 24.02.2012
Last edited 06.05.2017
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