Relationship between Exchange Rate Volatility and Interest Rates Evidence from Ghana

dc.contributor.authorMohammed, S.
dc.contributor.authorMohammed, A.
dc.contributor.authorNketiah-Amponsah, E.
dc.date.accessioned2022-01-14T12:50:31Z
dc.date.available2022-01-14T12:50:31Z
dc.date.issued2021
dc.descriptionResearch Articleen_US
dc.description.abstractThis paper examines the effect of interest rates on exchange rate volatilities in Ghana. It utilizes the Quarterly Time Series dataset spanning 2000 Quarter 1 to 2017 Quarter 2 and the Autoregressive Distributed Lag model as well as the Vector Error Correction Model to investigate the long-run and short-run relationships between the variables. The results showed that in the long-run model, exchange rate volatility was seen to be influenced by money supply, inflation, Central Bank’s policy rate, and the Ghana Stock Exchange composite index. However, in the short-run model, exchange rate volatility was found to be significantly influenced by its past values and the Central Bank’s policy rateen_US
dc.identifier.otherhttps://doi.org/10.1080/23322039.2021.1893258
dc.identifier.urihttp://ugspace.ug.edu.gh/handle/123456789/37635
dc.language.isoenen_US
dc.publisherTaylor & Francis Groupen_US
dc.subjectExchange rate volatilityen_US
dc.subjectinterest rateen_US
dc.subjectautoregressive-distributed lagen_US
dc.titleRelationship between Exchange Rate Volatility and Interest Rates Evidence from Ghanaen_US
dc.typeArticleen_US

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Department of Economics