Arezki, Rabah; Dumitrescu, Elena-Ivona; Freytag, Andreas; … - 2012
We examine the relationship between South African Rand and gold price volatility using monthly data for the period 1980 … volatility but the causality runs the other way around for the post-liberalization period. These findings suggest that gold price … volatility plays a key role in explaining both the excessive exchange rate volatility and current disproportionate share of …