Commodity Prices and Exchange Rate Volatility: Lessons from South Africa's Capital Account Liberalization

Working Paper No. 12/168

We examine the relationship between South African Rand and gold price volatility using monthly data for the period 1980-2010. Our main findings is that prior to capital account liberalization the causality runs from South African Rand to gold price volatility but the causality runs the other way around for the post-liberalization period. These... READ MORE...

Publication date: June 2012
ISBN 9781475505160

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Publication date: June 2012