This paper examines the influence of oil prices on Canadian stock market using the cause-effect relationship between oil prices and the TSX index. Additionally, the relationship between the Canadian to US Dollar exchange rate and the TSX index was investigated. Results show that in the last...

This paper employs the bounds testing approach to cointegration to estimate Ecuador’s export demand function with the US between 1965 and 2011 with special emphasis on dollarization’s impact on expors . We develop two different export demand models based on previous empirical...

The purpose of this paper is to compare four major exchange rate models for the Costa Rica Colon. We examine exchange rate data for the Costa Rica/U.S. dollar relationship from 1981-2007 and find that monetary models have a higher explanatory ability whereas the Mundell-Fleming model performs...

This study investigates the effects of exchange rate volatility on the top ten categories of exports by the United States to South Africa over a 20-year period from January 1990 to December 2009. The paper uses several measures of volatility to generate a measure of exchange rate volatility,...

In this paper we analyze the effects of the real exchange rate volatility on South Africa’s trade flows with the European Union over the period 1980 to 2009. Our study uses quarterly trade flows on South Africa’s exports and imports and utilizes the bounds testing approach to...

In this paper we ascertain South Africa’s aggregate import demand function over the period 1950 to 2008 utilizing the bounds testing approach to cointegration, and the unrestricted error-correction model. Our study empirically investigates the impact of apartheid (1950-1994), in...

This paper estimates South Africa’s disaggregated import demand function with Nigeria from 1992 to 2010 utilizing the bounds testing approach to cointegration and the unrestricted error-correction model. We further estimate South Africa’s short-run and long-run import elasticities....

This paper deals with the relationship between country credibility and currency crises by using crosscountry pooled data with a multinomial logit model. We use Corruption Perception Index (CPI) published by Transparency International, which is a global non-governmental organization devoted to...

This paper investigates effects of exchange rate volatility on U.S. exports, using disaggregated sectoral data on U.S. exports to its major trading partners. In this paper, we use a generalized ARCH-type model (GARCH) to generate a measure of exchange rate volatility which is then tested in a...

This paper investigates Jamaica’s aggregate import demand function with the United States and the United Kingdom from January 1996 to September 2010 using cointegration analysis and error correction modeling techniques. Using real gross domestic product, relative price of imports, real...