Msomi, Simiso; Ngalawa, Harold - In: Economies : open access journal 12 (2024) 8, pp. 1-16
monetary variables. We found that the exchange rates respond to the interest rate differential, consistent with the predictions … different, which shows that the exchange rate behaviour is non-linear (asymmetric). While the impact of the interest rate … when the exchange rates fluctuate below 0.87 percentage points. In regime 3, on average, a marginal increase in interest …
