An analysis of the causality effect of exchange rate and interest yields: a case study of Zambia

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dc.contributor.advisorUliana, Enricoen_ZA
dc.contributor.authorBwalya, Obeden_ZA
dc.date.accessioned2017-09-06T10:27:33Z
dc.date.available2017-09-06T10:27:33Z
dc.date.issued2017en_ZA
dc.description.abstractThis study analyses the relationship between the US Dollar/Zambian kwacha exchange rate and the interest rate yields on the 91-day and 182-day T-bills in Zambia. Using statistical analysis of regression analysis and co integration, the study found that a long-run relationship does not hold for both 91-day and 182-day T-bills taken for any corresponding set of interest rate and exchange rate respectively. Nonetheless, the three variables taken simultaneously demonstrated that a long-run correlation exist. Following a comprehensive analysis of the results from this study, it is concluded that the statistical relationship that exists is not very significant and investors looking forward to invest in Zambia's financial markets should include other factors in order to forecast the exchange rates with regard to the changes in interest rates.en_ZA
dc.identifier.apacitationBwalya, O. (2017). <i>An analysis of the causality effect of exchange rate and interest yields: a case study of Zambia</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,Research of GSB. Retrieved from http://hdl.handle.net/11427/25099en_ZA
dc.identifier.chicagocitationBwalya, Obed. <i>"An analysis of the causality effect of exchange rate and interest yields: a case study of Zambia."</i> Thesis., University of Cape Town ,Faculty of Commerce ,Research of GSB, 2017. http://hdl.handle.net/11427/25099en_ZA
dc.identifier.citationBwalya, O. 2017. An analysis of the causality effect of exchange rate and interest yields: a case study of Zambia. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Bwalya, Obed AB - This study analyses the relationship between the US Dollar/Zambian kwacha exchange rate and the interest rate yields on the 91-day and 182-day T-bills in Zambia. Using statistical analysis of regression analysis and co integration, the study found that a long-run relationship does not hold for both 91-day and 182-day T-bills taken for any corresponding set of interest rate and exchange rate respectively. Nonetheless, the three variables taken simultaneously demonstrated that a long-run correlation exist. Following a comprehensive analysis of the results from this study, it is concluded that the statistical relationship that exists is not very significant and investors looking forward to invest in Zambia's financial markets should include other factors in order to forecast the exchange rates with regard to the changes in interest rates. DA - 2017 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2017 T1 - An analysis of the causality effect of exchange rate and interest yields: a case study of Zambia TI - An analysis of the causality effect of exchange rate and interest yields: a case study of Zambia UR - http://hdl.handle.net/11427/25099 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/25099
dc.identifier.vancouvercitationBwalya O. An analysis of the causality effect of exchange rate and interest yields: a case study of Zambia. [Thesis]. University of Cape Town ,Faculty of Commerce ,Research of GSB, 2017 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/25099en_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.titleAn analysis of the causality effect of exchange rate and interest yields: a case study 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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