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

Adedokun Adeniyi J. (), Falayi Olabusuyi R. (), Adeyemi Francis O. () and Terver Kumeka
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Adedokun Adeniyi J.: Department of Economics, Dominican University, Ibadan, Oyo State – Nigeria
Falayi Olabusuyi R.: Department of Economics, Dominican University, Ibadan, Oyo State – Nigeria
Adeyemi Francis O.: Department of Economics, Dominican University, Ibadan, Oyo State – Nigeria

Acta Universitatis Sapientiae, Economics and Business, 2022, vol. 10, issue 1, 161-184

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.

Keywords: global economic uncertainties; exchange rate management; Africa; panel study (search for similar items in EconPapers)
JEL-codes: C21 D81 F31 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:auseab:v:10:y:2022:i:1:p:161-184:n:9

DOI: 10.2478/auseb-2022-0010

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