This study explores the linkage of exchange rate, political regimes, structural shocks and economic growth by utilizing the time series data set from 1960 to 2016. Our results indicate that the exchange rate's magnitude impact is relatively high on real GDP growth in the presence of more...

We compare the out-of-sample forecasting performance of univariate homoskedastic, GARCH, autoregressive and nonparametric models for conditional variances, using five bilateral weekly exchange rates for the dollar, 1973-1989. For a one week horizon, GARCH models tend to make slightly more...