Sources of Nominal Exchange Rate Fluctuations in South Africa

Sources of Nominal Exchange Rate Fluctuations in South Africa
This paper investigates the sources of fluctuations in the rand-U.S. dollar exchange rate in 2001 and 2002 using an empirical exchange rate model which identifies aggregate supply, aggregate demand, and nominal disturbances as possible sources for exchange rate fluctuations. According to our results, nominal disturbances explain by far most of... READ MORE...

Publication date: December 2003
ISBN 9781451875935
$15.00

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