Estimating the effect of currency substitution on exchange rate volatility: Evidence from Ghana

Estimating the effect of currency substitution on exchange rate volatility: Evidence from Ghana

AbstractThis paper investigates the impact of currency substitution on exchange rate volatility using monthly data from January 1990 to May 2019. The paper applies the exponential generalized autoregressive conditional heteroscedastic in mean (EGARCH-M) model as the estimation technique. The results...

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Bibliographic Details
Main Authors: Hadrat Yusif, Samuel Tawiah Baidoo, Michael Kofi Hanson
Format: Article
Language:English
Published: Taylor & Francis Group 2023-12-01
Series:Cogent Social Sciences
Subjects:
currency substitution
exchange rate volatility
inflation targeting
EGARCH
Ghana
Online Access:https://www.tandfonline.com/doi/10.1080/23311886.2023.2233318

Internet

https://www.tandfonline.com/doi/10.1080/23311886.2023.2233318

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