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<p>This study investigates the effects of global economic uncertainties on exchange rate management in Africa from 1990 to 2021. Employing the quantile regression technique, findings show that both global and domestic economic uncertainties have significant influence on exchange rate management in Africa. The intensity of global economic uncertainty rises during the bearish and transitional markets, but dependence declines during the bullish markets. Moreover, the relationship between domestic uncertainty and African exchange rate management shows that the structure of dependence improves around the upper tails but declines around the lower tails. African countries should pay attention to global economy in order to combat any impending negative effects of global economic uncertainties. Also, attention should be paid to other uncertainties such as political, social, or other factors that may aggravate domestic economic uncertainties.</p>
</abstract>

This study investigates the effects of global economic uncertainties on exchange rate management in Africa from 1990 to 2021. Employing the quantile regression technique, findings show that both global and domestic economic uncertainties have significant influence on exchange rate management in Africa. The intensity of global economic uncertainty rises during the bearish and transitional markets, but dependence declines during the bullish markets. Moreover, the relationship between domestic uncertainty and African exchange rate management shows that the structure of dependence improves around the upper tails but declines around the lower tails. African countries should pay attention to global economy in order to combat any impending negative effects of global economic uncertainties. Also, attention should be paid to other uncertainties such as political, social, or other factors that may aggravate domestic economic uncertainties.

Global Economic Uncertainties and Exchange Rate Management in Africa: A Panel Study

Acta Universitatis Sapientiae, Economics and Business

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

This study investigates the effects of global economic uncertainties on exchange rate management in Africa from 1990 to 2021. Employing the quantile regression...

Global Economic Uncertainties and Exchange Rate Management in Africa: A Panel Study

Publié en ligne: 13 oct. 2022

Pages: 161 - 184

DOI: https://doi.org/10.2478/auseb-2022-0010

Mots clés
global economic uncertainties, exchange rate management, Africa, panel study

© 2022 Adeniyi J. Adedokun, et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Global Economic Uncertainties and Exchange Rate Management in Africa: A Panel Study

Publié en ligne: 13 oct. 2022

Pages: 161 - 184

DOI: https://doi.org/10.2478/auseb-2022-0010

Mots clésglobal economic uncertainties, exchange rate management, Africa, panel study

© 2022 Adeniyi J. Adedokun, et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Mots clés
global economic uncertainties, exchange rate management, Africa, panel study