Simwaka, Kisu; Mkandawire, Leslie - Volkswirtschaftliche Fakultät, … - 2008
The Malawi Kwacha was floated in February 1994. Since then, the Reserve Bank of Malawi has periodically intervened in the foreign exchange market. This paper analyses the effectiveness of foreign exchange market interventions carried out by the Reserve Bank of Malawi. We use a GARCH (1, 1) model...