Exchange Rate Volatility and Central Bank Actions in Egypt: Generalized Autoregressive Conditional Heteroscedasticity Analysis
Egypt has passed through different development stages, followed different exchange rate regime at each, ranging from fixed to floating. This study tries to examine empirically how Central Bank of Egypt actions influence exchange rate volatility using GARCH (1. 1) model under Gaussian normal distribu...
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| Format: | Article |
| Language: | English |
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EconJournals
2016-05-01
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| Series: | International Journal of Economics and Financial Issues |
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| Online Access: | https://dergipark.org.tr/tr/pub/ijefi/issue/32012/353821?publisher=http-www-cag-edu-tr-ilhan-ozturk |