Balcilar, Mehmet; Gupta, Rangan; Jooste, Charl - In: Journal of Economic Studies 43 (2016) 1, pp. 108-121
Purpose – The authors analyse the relationship between the South African real exchange rate and economic fundamentals – demand, supply and nominal shocks. The paper aims to discuss these issues. Design/methodology/approach – The authors use a time-varying parameter VAR to study the...