Rebound Effects of Exchange Rate and Central Bank Interventions in Selected ECOWAS Countries

Mustapha A. Akinkunmi

EN

Rebound Effects of Exchange Rate and Central Bank Interventions in Selected ECOWAS Countries

Abstract

This study examines the exchange rate rebound effects of the Central Bank intervention in the selected ECOWAS economies. An empirical understanding of these effects is very important to trade adjustment as well as the macroeconomic stability in these countries. Using the panel data modelling framework, the study finds that the impact of the Central Bank intervention on exchange rate is insignificant and it does not lead to the exchange rate rebound effect. In addition, monetary policy rate implemented by the monetary authorities significantly influences the level of exchange rate in a positive direction.

Keywords

Rebound effect, intervention, monetary policy rate

Details

Primary Language

English

Subjects

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Journal Section

-

Authors

Mustapha A. Akinkunmi This is me

Publication Date

September 1, 2017

Submission Date

September 1, 2017

Acceptance Date

-

Published in Issue

Year 2017 Volume: 7 Number: 3

IZ

https://izlik.org/JA27WL87ZT

Cite

RIS / Bibtex

APA

Akinkunmi, M. A. (2017). Rebound Effects of Exchange Rate and Central Bank Interventions in Selected ECOWAS Countries. International Journal of Economics and Financial Issues, 7(3), 489-500. https://izlik.org/JA27WL87ZT

AMA

1.Akinkunmi MA. Rebound Effects of Exchange Rate and Central Bank Interventions in Selected ECOWAS Countries. IJEFI. 2017;7(3):489-500. https://izlik.org/JA27WL87ZT

Chicago

Akinkunmi, Mustapha A. 2017. “Rebound Effects of Exchange Rate and Central Bank Interventions in Selected ECOWAS Countries”. International Journal of Economics and Financial Issues 7 (3): 489-500. https://izlik.org/JA27WL87ZT.

EndNote

Akinkunmi MA (September 1, 2017) Rebound Effects of Exchange Rate and Central Bank Interventions in Selected ECOWAS Countries. International Journal of Economics and Financial Issues 7 3 489–500.

IEEE

[1]M. A. Akinkunmi, “Rebound Effects of Exchange Rate and Central Bank Interventions in Selected ECOWAS Countries”, IJEFI, vol. 7, no. 3, pp. 489–500, Sept. 2017, [Online]. Available: https://izlik.org/JA27WL87ZT

ISNAD

Akinkunmi, Mustapha A. “Rebound Effects of Exchange Rate and Central Bank Interventions in Selected ECOWAS Countries”. International Journal of Economics and Financial Issues 7/3 (September 1, 2017): 489-500. https://izlik.org/JA27WL87ZT.

JAMA

1.Akinkunmi MA. Rebound Effects of Exchange Rate and Central Bank Interventions in Selected ECOWAS Countries. IJEFI. 2017;7:489–500.

MLA

Akinkunmi, Mustapha A. “Rebound Effects of Exchange Rate and Central Bank Interventions in Selected ECOWAS Countries”. International Journal of Economics and Financial Issues, vol. 7, no. 3, Sept. 2017, pp. 489-00, https://izlik.org/JA27WL87ZT.

Vancouver

1.Mustapha A. Akinkunmi. Rebound Effects of Exchange Rate and Central Bank Interventions in Selected ECOWAS Countries. IJEFI [Internet]. 2017 Sep. 1;7(3):489-500. Available from: https://izlik.org/JA27WL87ZT