The relationship between commodity price volatility and exchange rate stability in a single commodity dependent economy: The case of Zambia

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dc.contributor.advisorGossel, Sean Jen_ZA
dc.contributor.authorAnderson, Larryen_ZA
dc.date.accessioned2017-10-12T13:59:22Z
dc.date.available2017-10-12T13:59:22Z
dc.date.issued2017en_ZA
dc.description.abstractThis study examines the empirical relationship between monthly spot copper price movements and monthly Zambian Kwacha / US Dollar spot exchange rates, for the period January 2005 to February 2015. The ARDL bounds short-run estimate reveals there is both positive and negative coefficient interaction of copper price movements on the exchange rates in the short-run. However, the overall impact of copper prices on the exchange rate, is not significant in the short-run. The ARDL bounds test also confirms the presence of a long-run relationship between copper prices and the exchange rate. The coefficient estimates reveal that both the consumer price index and the terms-of-trade have a statistical weak impact on the exchange rate in both the short and long run. The study finds that Zambia's GDP has a negative impact on the exchange rate in the short-run, but has a statistically significant positive long-run effect. China's GDP, is used as a proxy to capture foreign demand for copper, it has both a positive and negative interaction on the exchange rate in the short-run and a negative effect in the long-run.en_ZA
dc.identifier.apacitationAnderson, L. (2017). <i>The relationship between commodity price volatility and exchange rate stability in a single commodity dependent economy: The case of Zambia</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,Research of GSB. Retrieved from http://hdl.handle.net/11427/25642en_ZA
dc.identifier.chicagocitationAnderson, Larry. <i>"The relationship between commodity price volatility and exchange rate stability in a single commodity dependent economy: The case of Zambia."</i> Thesis., University of Cape Town ,Faculty of Commerce ,Research of GSB, 2017. http://hdl.handle.net/11427/25642en_ZA
dc.identifier.citationAnderson, L. 2017. The relationship between commodity price volatility and exchange rate stability in a single commodity dependent economy: The case of Zambia. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Anderson, Larry AB - This study examines the empirical relationship between monthly spot copper price movements and monthly Zambian Kwacha / US Dollar spot exchange rates, for the period January 2005 to February 2015. The ARDL bounds short-run estimate reveals there is both positive and negative coefficient interaction of copper price movements on the exchange rates in the short-run. However, the overall impact of copper prices on the exchange rate, is not significant in the short-run. The ARDL bounds test also confirms the presence of a long-run relationship between copper prices and the exchange rate. The coefficient estimates reveal that both the consumer price index and the terms-of-trade have a statistical weak impact on the exchange rate in both the short and long run. The study finds that Zambia's GDP has a negative impact on the exchange rate in the short-run, but has a statistically significant positive long-run effect. China's GDP, is used as a proxy to capture foreign demand for copper, it has both a positive and negative interaction on the exchange rate in the short-run and a negative effect in the long-run. DA - 2017 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2017 T1 - The relationship between commodity price volatility and exchange rate stability in a single commodity dependent economy: The case of Zambia TI - The relationship between commodity price volatility and exchange rate stability in a single commodity dependent economy: The case of Zambia UR - http://hdl.handle.net/11427/25642 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/25642
dc.identifier.vancouvercitationAnderson L. The relationship between commodity price volatility and exchange rate stability in a single commodity dependent economy: The case of Zambia. [Thesis]. University of Cape Town ,Faculty of Commerce ,Research of GSB, 2017 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/25642en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentResearch of GSBen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherDevelopment Financeen_ZA
dc.titleThe relationship between commodity price volatility and exchange rate stability in a single commodity dependent economy: The case of Zambiaen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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