Investigating the oil price-exchange rate nexus_Evidence from Africa 1974-2004.pdf (544.51 kB)
Investigating the oil price-exchange rate nexus: evidence from Africa 1970-2004
journal contribution
posted on 2016-06-06, 10:52 authored by Simeon ColemanSimeon Coleman, Juan C. Cuestas, Estefania MourelleIn this paper, we aim to provide further insights into the importance of real oil price as a determinant of real exchange rates for a pool of African countries. While this relationship has been explored substantially for many industrialised economies, African countries have
received little attention. By means of cointegration techniques and nonlinear dynamics we find that, for some of these countries, shocks in the real price of oil are particularly important in determining the real exchange rates, even in the long run. These results would be of
interest for policymakers in order to deal more effectively with exchange rate policy decisions, aiming at promoting economic growth in the area.
History
School
- Business and Economics
Department
- Economics
Published in
Economic IssuesCitation
COLEMAN, S., CUESTAS, J.C. and MOURELLE, E., 2016. Investigating the oil price-exchange rate nexus: evidence from Africa 1970-2004. Economic Issues, 21 (2), pp. 53-80.Publisher
Econonic IssuesVersion
- AM (Accepted Manuscript)
Publisher statement
This work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/Acceptance date
2015-12-08Publication date
2016-09-30Notes
This paper was accepted for publication in the journal Economic IssuesISSN
1363-7029Publisher version
Language
- en