Simwaka, Kisu; Mkandawire, Leslie - Volkswirtschaftliche Fakultät, … - 2008
the Reserve Bank of Malawi. We use a GARCH (1, 1) model to simultaneously estimate the effect of intervention on the mean … and volatility of the Malawi kwacha. Using monthly exchange rates and official intervention data from January 2002 to … February 2006, the empirical results suggest that intervention activities of the Reserve Bank of Malawi affect the kwacha. In …