Speculative Capital Flows, Exchange Rate Volatility and Monetary Policy: South African Experience

Shakill Hassan

Chapter 9 in Contemporary Issues in Development Economics, 2016, pp 136-162 from Palgrave Macmillan

Abstract: Abstract The South African currency (the rand) is volatile. The first chart in Figure 9.1 shows the three-month historical volatility (standard deviation, annualized) of the rand per dollar exchange rate since 1993. From the early 2000s, rand volatility consistently exceeds that of the Mexican and South Korean currencies, and moves very closely with that of the Brazilian and Turkish currencies.

Keywords: Exchange Rate; Monetary Policy; Real Exchange Rate; Exchange Rate Volatility; Exchange Rate Risk (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1057/9781137529749_9

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