Nkwatoh, Louis Sevitenyi; Cornelius, Kwanga - In: CBN journal of applied statistics 10 (2019) 1, pp. 97-117
The study employs the Markovian processs on annual nominal effective exchange rate of CFA Franc spanning 1975 to 2017 to examine whether the CFA franc is prone to speculative attacks or a contagion effect. The findings reveal that the expected duration for the CFA Franc to be undervalued is...