Kodongo, Odongo; Ojah, Kalu - In: Journal of Economics and Business 66 (2013) C, pp. 22-46
We analyze the intertemporal causal relationships between the real exchange rate and trade balance and cross-border capital flows in Africa. We use annual data of nine major African countries for the period 1993–2009. Through panel VAR techniques, we document some causality from real exchange...