Agriculture was the mainstay of the Nigerian economy prior to independence and immediately after. Agriculture however, has suffered persistent decline since the 1970s with the exchange rate policy being implicated in the misfortune of this sector. Earlier studies on the effect of exchange rate...

Both services and mining industries gained relatively more importance in the structural changes occurring, particularly in recent years, where the rate of structural change has increased. The study aims at defragmenting the mining and services industries, and analyses their impacts on structural...

The aim of the paper is to verify whether the USD/EUR exchange rate market is efficient. The fundamental parity condition for testing foreign exchange market efficiency is represented by the uncovered interest-rate parity (UIP). Therefore, the UIP hypothesis verification accounts for the crucial...

Some researchers, for example, Koop [1], and Sims [2], have advocated for Bayesian alternatives to unit-root testing over the classical approach using the augmented Dickey-Fuller test (ADF). This paper studies the power of what Koop [1] has called the Objectiveʺ Bayesian approach to unit-root...

Demand for hospital inpatient care varies in a consistent way. However, a part of this variability is unpredictable. Hospitals react to this situation by holding standby capacity in order to be prepared to meet unanticipated surges in demand. This paper examines the production responses to...

This study deals with the seasonality of monthly time series of nominal exchange rates. Available literature overlooks seasonality in nominal bilateral exchange rates, and generally assumes that such rates are non-seasonal. We show that seasonality is absent in recent data, while it was present...

This paper explores the association between the nominal/real exchange rate between the Australian dollar against the US dollar and gold prices, using daily data spanning the period 2000-2011. Through the Error Correction Model and the Generalized Autoregressive Heteroskedastic (GARCH) approach,...

This paper analyzes the effect of exchange rate volatility on the trade volume (Export) and the impact of REER on determinant of trade in Pakistan using timeseries data for the period 1981-2010. The result shows that REER is inversely impact on Export Volume of Pakistan. On otherside the Import...

The paper investigates exchange rate determination in Kenya using vector error correction model approach to uncover the long run relationships. The empirical results show that current account balance has a role to play in the determination of the exchange rate. A rise, which denotes an...