Bosupeng, Mpho; Dzator, Janet; Nadolny, Andrew - In: Journal of risk and financial management : JRFM 12 (2019) 2/101, pp. 1-26
This study investigates the impact of exchange rate misalignment on outward capital flight in Botswana over the period 1980-2015. The study uses the autoregressive distributed lag (ARDL) approach to cointegration and the Toda and Yamamoto (1995) approach to Granger causality. Botswana's currency...