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Title: Investigating the oil price-exchange rate nexus: evidence from Africa 1970-2004
Authors: Coleman, Simeon
Cuestas, Juan C.
Mourelle, Estefania
Issue Date: 2016
Publisher: Econonic Issues
Citation: 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.
Abstract: In 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.
Description: This paper was accepted for publication in the journal Economic Issues
Version: Accepted for publication
URI: https://dspace.lboro.ac.uk/2134/21485
Publisher Link: http://www.economicissues.org.uk/Vol21.html
ISSN: 1363-7029
Appears in Collections:Published Articles (Economics)

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