Simon Munongo, Garikai Makuyana, James Zivanomoyo:Random walk hypothesis in zimbabwean exchange rates Random walk hypothesis in exchange rates
- new book 2011, ISBN: 9783846557143
Kartoniert, 56 Seiten, 220mm x 150mm x 4mm, Sprache(n): eng The Purchasing Power Parity [PPP] theory says the price of internationally traded goods should roughly be the same anywhere in … More...
Kartoniert, 56 Seiten, 220mm x 150mm x 4mm, Sprache(n): eng The Purchasing Power Parity [PPP] theory says the price of internationally traded goods should roughly be the same anywhere in the world once the price is expressed in a common price. The question however is that does this theory hold in an economy that has experienced long period of high inflation. In this study, monthly data from January 2000 to December 2008 was used. Unit root tests were applied to the Zimbabwean exchange rates. Parallel exchange rate was used rather than the fixed official exchange rate as it reflected the market value of the Zimbabwean dollar against other currencies. In carrying out the unit root tests we used a sequential testing technique that assisted to distinguish series that were trend stationary from those that were difference stationary. Results showed that the Zimbabwean exchange rate do not follow a random walk. This implies that the Zimbabwean exchange rate maintained the long run average hence it obeyed the PPP rule. The prices of commodities in Zimbabwe followed the one real price rule despite the high inflation levels that were obtaining during the period under review.Simon Munongo, garikai makuyana and james zivanomoyo are economics lecturers at Great Zimbabwe University. They have published a number of economics literature in journals and as textbooks and have great interest in macroeconomic issues. Versandkostenfreie Lieferung<
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Simon Munongo:Random walk hypothesis in zimbabwean exchange rates : Random walk hypothesis in exchange rates
- Paperback 2011, ISBN: 3846557145
[EAN: 9783846557143], Neubuch, [SC: 0.0], [PU: LAP Lambert Academic Publishing], Druck auf Anfrage Neuware - The Purchasing Power Parity [PPP] theory says the price of internationally tra… More...
[EAN: 9783846557143], Neubuch, [SC: 0.0], [PU: LAP Lambert Academic Publishing], Druck auf Anfrage Neuware - The Purchasing Power Parity [PPP] theory says the price of internationally traded goods should roughly be the same anywhere in the world once the price is expressed in a common price. The question however is that does this theory hold in an economy that has experienced long period of high inflation. In this study, monthly data from January 2000 to December 2008 was used. Unit root tests were applied to the Zimbabwean exchange rates. Parallel exchange rate was used rather than the fixed official exchange rate as it reflected the market value of the Zimbabwean dollar against other currencies. In carrying out the unit root tests we used a sequential testing technique that assisted to distinguish series that were trend stationary from those that were difference stationary. Results showed that the Zimbabwean exchange rate do not follow a random walk. This implies that the Zimbabwean exchange rate maintained the long run average hence it obeyed the PPP rule. The prices of commodities in Zimbabwe followed the one real price rule despite the high inflation levels that were obtaining during the period under review. 56 pp. Englisch, Books<
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Random walk hypothesis in zimbabwean exchange rates
- new book2008, ISBN: 9783846557143
The Purchasing Power Parity [PPP] theory says the price of internationally traded goods should roughly be the same anywhere in the world once the price is expressed in a common price. The… More...
The Purchasing Power Parity [PPP] theory says the price of internationally traded goods should roughly be the same anywhere in the world once the price is expressed in a common price. The question however is that does this theory hold in an economy that has experienced long period of high inflation. In this study, monthly data from January 2000 to December 2008 was used. Unit root tests were applied to the Zimbabwean exchange rates. Parallel exchange rate was used rather than the fixed official exchange rate as it reflected the market value of the Zimbabwean dollar against other currencies. In carrying out the unit root tests we used a sequential testing technique that assisted to distinguish series that were trend stationary from those that were difference stationary. Results showed that the Zimbabwean exchange rate do not follow a random walk. This implies that the Zimbabwean exchange rate maintained the long run average hence it obeyed the PPP rule. The prices of commodities in Zimbabwe followed the one real price rule despite the high inflation levels that were obtaining during the period under review. Bücher, Hörbücher & Kalender / Bücher / Sachbuch / Recht / Geld, Banken & Aktien<
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Simon Munongo|Garikai Makuyana|James Zivanomoyo:Random walk hypothesis in zimbabwean exchange rates
- Paperback 2011, ISBN: 3846557145
[EAN: 9783846557143], Neubuch, [PU: LAP LAMBERT Academic Publishing], RATGEBER RECHT BERUF FINANZEN GELD BANK BÖRSE RANDOM WALK EXCHANGE RATES, Dieser Artikel ist ein Print on Demand Arti… More...
[EAN: 9783846557143], Neubuch, [PU: LAP LAMBERT Academic Publishing], RATGEBER RECHT BERUF FINANZEN GELD BANK BÖRSE RANDOM WALK EXCHANGE RATES, Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Autor/Autorin: Munongo SimonSimon Munongo, garikai makuyana and james zivanomoyo are economics lecturers at Great Zimbabwe University. They have published a number of economics literature in journals and as textbooks and have great interest in macr., Books<
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Simon Munongo Garikai Makuyana James Zivanomoyo:Random walk hypothesis in zimbabwean exchange rates
- Paperback 2011, ISBN: 9783846557143
[ED: Kartoniert / Broschiert], [PU: LAP LAMBERT Academic Publishing], Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Autor/Autorin: Munon… More...
[ED: Kartoniert / Broschiert], [PU: LAP LAMBERT Academic Publishing], Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Autor/Autorin: Munongo SimonSimon Munongo, garikai makuyana and james zivanomoyo are economics lecturers at Great Zimbabwe University. They have published a num, DE, [SC: 0.00], Neuware, gewerbliches Angebot, Taschenbuch, 56, [GW: 102g], Auflage, Banküberweisung, PayPal, [CT: Englischsprachige Bücher / Sonstiges - Englisch]<
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