Purchasing power parity and Reserve Bank intervention in the foreign exchange market
Master Thesis
2004
Permanent link to this Item
Authors
Supervisors
Journal Title
Link to Journal
Journal ISSN
Volume Title
Publisher
Publisher
University of Cape Town
Department
Faculty
License
Series
Abstract
This paper tests the behaviour of the PPP relationship in South Africa between 1993 and 2003 using cointegration techniques. The period under review is divided into two sub-phases. The first, from January 1993 to May 1998, encompasses the changing political situation and the initial effects of global integration for South Africa. It is found that the PPP relationship holds during this time frame.
Description
Includes bibliographical references.
Keywords
Reference:
Unkovski, G. 2004. Purchasing power parity and Reserve Bank intervention in the foreign exchange market. University of Cape Town.