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volatility appears to change during the period of capital account restrictions (in the form of the un-remunerated reserve … requirement on capital inflows) between 2006-07. We also find that exchange rate volatility of Thai baht against four major … exchange rate volatility during the capital account restrictions period, suggesting that the restrictions on capital inflows …
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We examine the relationship between South African Rand and gold price volatility using monthly data for the period 1980 … volatility but the causality runs the other way around for the post-liberalization period. These findings suggest that gold price … volatility plays a key role in explaining both the excessive exchange rate volatility and current disproportionate share of …
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