Foreign Exchange Intervention and Exchange Rate Volatility in Zambia
Foreign Exchange Intervention and Exchange Rate Volatility in Zambia
Publisher:
Taylor & Francis Group
Date published:
2014
Record type:
Region:
Journal Title:
Journal of African Business
Source:
Journal of African Business, Vol 15, No. 2, May-August 2014, pp. 114-121
Abstract:
The study analyzes the impact of central bank intervention on the volatility of the exchange rate in Zambia during the period of 1996–2013. The empirical findings reveal a statistically weak negative impact of intervention on exchange rate volatility, suggesting that other policy instruments are required to augment foreign exchange interventions in dampening volatility in the exchange rate.
Language:
Country focus:
CITATION: Chipili, Jonathan Mpundu. Foreign Exchange Intervention and Exchange Rate Volatility in Zambia . : Taylor & Francis Group , 2014. Journal of African Business, Vol 15, No. 2, May-August 2014, pp. 114-121 - Available at: https://library.au.int/foreign-exchange-intervention-and-exchange-rate-volatility-zambia-2