Oil price increase on the Leone/US Dollar exchange rate. Furthermore, the paper employedĮxponential GARCH (EGARCH (1, 1)) model to capture the asymmetric impact of Global oil prices increase on exchange rate. Stationarity of the data set, the paper first applied both GARCH (1, 1) and GARCH (1, 1) in Mean models to capture the symmetry effect of After establishing the existence of ARCH effects and ensuring To achieve this, the paper employed the GARCH family models with structuralīreaks. Light on the impact of shocks to global oil prices on the Leone/US DollarĮxchange rate in Sierra Leone during the post war period spanning 2002M6 to 2020M5.
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