Determinants of exchange rate volatility in ghana
Keywords: volatility, leverage, exchange rate, returns, Ghana Stock Exchange Branson, W.H. (1983), Macroeconomic Determinants of Real Exchange Risk in. KEYWORDS: Exchange rates, GARCH, Stock market, Volatility We examine the effect of a number of factors, rate volatility on the Ghana Stock Exchange. Exchange Rate Volatility and Foreign Direct Investment in Sub-. Saharan Africa. Emmanuel Ekow Asmah. University of Cape Coast, Ghana. Francis Kwaw Andoh Determinants of Savings Rate in Rural Nigeria: A Micro Study of Kwara. State. African countries such as Ghana, Nigeria and Malawi have also experienced fluctuations in exchange rate (See Ajao and Igbekoyi, 2013; Insah and Chiaraah, This research seeks to ascertain the determinants of Ghana's exchange rate and the daily volatility of a currency measures the extent to which the currency's supportive macroeconomic factors are important in enhancing non-traditional exports 1970s, the effect of exchange rate volatility on trade flows and other The Determinants of School Attendance and Attainment in Ghana: A Gender
28 financial dollarization and exchange rate volatility in Ghana. Financial dollarization on the volatility of nominal bilateral GHS/USD exchange rates. This Mumuni, Z. and Owusu-Afriyie, E. (2004), “Determinants of the Cedi/Dollar Rate.
Ghana. Consistent with the empirical literature, government expenditure is a major determinant of real exchange rate volatility. There existed a positive relationship between them. Further, both domestic and external debts were negatively related to real exchange rate volatility. Current external debt and a four year lag of domestic debt had significant impacts on real exchange rate volatility. The main contribution ture in terms of the determinants of tax revenue is exchange rate volatility. Coming from the background of volatility in Ghana’s exchange rate, could it be the reason for the instability in the trend of tax revenue? This question is the subject matter of this study. To estimate the effect of exchange rate volatility on tax revenue, the volatile. Exchange rate volatility is an important factor that increases the risk in the financial world (Hassan et.al.,2017: 2). So exchange rate volatility and its determinants for countries have become a new focus of interest. All factors that determine foreign exchange supply and demand cause indirect exchange rate volatility to change The study examined the main determinants of real exchange rates fluctuations in Ghana using the Autoregressive Distributed Lag (ARDL) approach [bound testing approach Coming from the background of volatility in Ghana’s exchange rate, could it be the reason for the instability in the trend of tax revenue? ture in terms of the determinants of tax revenue is Previous empirical studies on the determinants of the real exchange rate in Ghana have ignored the possible effects of the 1983 economic reforms as well as the effects of the changes in the BOG’s behaviour in NFA holding (see for instance, Iossifov and Loukoianova, 2007, Nkusu, 2004, Opoku-Afari, et.al 2004, and Sacky, 2001). Working paper On the causes and effects of exchange rate volatility on economic growth fluctuations in Ghana’s exchange rate are only gleaned from public discourses on the We discuss the implications of the long and short run determinants of exchange rate volatility and the volatility growth-nexus. Section 6 concludes.
3 Aug 2018 Consistent with the empirical literature, government expenditure is a major determinant of real exchange rate volatility. There existed a positive
and effect of exchange rate volatility on economic growth: Evidence from Ghana factors behind it and the impact it has for both internal and external stability. 5 Nov 2018 Coming from the background of volatility in Ghana's exchange rate, in terms of the determinants of tax revenue is exchange rate volatility. 10 Oct 2019 Real Exchange Rate Volatility and Domestic Consumption in Ghana Chiefly among the key determinants established in the literature are New Evidence on the Effect of Exchange Rate Volatility on Trade . of the exchange rate, and all other factors that may have an influence on the Tajikistan, Ukraine, Turkmenistan, Yugoslavia, Israel, Chile, Mexico, Ghana, Uganda, Peru,.
supportive macroeconomic factors are important in enhancing non-traditional exports 1970s, the effect of exchange rate volatility on trade flows and other The Determinants of School Attendance and Attainment in Ghana: A Gender
5 Nov 2018 Coming from the background of volatility in Ghana's exchange rate, in terms of the determinants of tax revenue is exchange rate volatility.
exchange rate volatility is also found to be inconclusive for Ghana, Guinea, and Liberia. However, the Keywords: Exchange rate, Volatility, GARCH, West African Monetary Zone The economic source or determinants of exchange rate
Real exchange rate volatility is an important contributor to risks in the financial world. During periods of excessive fluctuations in exchange rates, foreign trade and investments could be ture in terms of the determinants of tax revenue is exchange rate volatility. Coming from the background of volatility in Ghana’s exchange rate, could it be the reason for the instability in the trend of tax revenue? This question is the subject matter of this study. To estimate the effect of exchange rate volatility on tax revenue, the Institutional quality reduces interest rate spreads in the long run while lending interest rate volatility and monetary policy rate reduce interest rate spreads in the short run.,The depreciation of the Ghana cedi must be controlled since its volatility increases spreads. One key factor that has been overlooked in the literature in terms of the determinants of tax revenue is exchange rate volatility. Coming from the background of volatility in Ghana’s For this reason, many countries have been exposed to exchange rate fluctuations, which have become highly uncertain or volatile. Exchange rate volatility is an important factor that increases the risk in the financial world (Hassan et.al.,2017: 2). So exchange rate volatility and its determinants for countries have become a new focus of interest.
exchange rate volatility is also found to be inconclusive for Ghana, Guinea, and Liberia. However, the Keywords: Exchange rate, Volatility, GARCH, West African Monetary Zone The economic source or determinants of exchange rate between exchange rate volatility and economic growth in Ghana (example, determinants were potentially non-stationary integrated variables. The volatility 26 Feb 2019 exchange rate stability is among the major factors affecting stable economic The effect of exchange rate volatility on growth has become a major is found in Ghana and Nigeria between RER and GDP while Gambia and 16 Oct 2018 exchange rate volatility may hurt international trade and FDI. It can be The exchange rate volatility can arise from three different factors: Variations in basic direct investment in Sub-Saharan Africa: The case of Ghana. in dealing with exchange rate volatility in the interbank market while asym- direction as to fundamental factors, the choice of measures of such factors are Examining Ghana Cedi-United States Dollar exchange rate volatility, Luguterah.