The determinants of the real exchange rate in Zambia
This paper attempts to explain the movements of Zambia’s real effective exchange rate using a vector error correction model and quarterly time series data between 1973 and 1997. The study results are similar to most studies about the nature of the determinants of the real exchange rate. Through the use of purchasing power parity tests, impulse response and variance decomposition functions, the study indicates that Zambia’s real effective exchange rate depends significantly on the prevailing real fundamentals, price differentials and real shocks.
|Date of creation:||Dec 2004|
|Contact details of provider:|| Postal: P.O. Box 62882, Nairobi|
Phone: (254-2) 228057
Fax: (254-2) 219308
Web page: http://www.aercafrica.org
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:aer:rpaper:rp_146. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (winston wachanga)
If references are entirely missing, you can add them using this form.