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

Year 2017, Volume: 7 Issue: 3, 489 - 500, 01.09.2017

Mustapha A. Akinkunmi

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

Year 2017, Volume: 7 Issue: 3, 489 - 500, 01.09.2017

Mustapha A. Akinkunmi

Abstract

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Details

Other ID JA94BN56GY
Journal Section Research Article
Authors

Mustapha A. Akinkunmi This is me

Publication Date September 1, 2017
Published in Issue Year 2017 Volume: 7 Issue: 3

Cite

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.
AMA Akinkunmi MA. Rebound Effects of Exchange Rate and Central Bank Interventions in Selected ECOWAS Countries. IJEFI. September 2017;7(3):489-500.
Chicago Akinkunmi, Mustapha A. “Rebound Effects of Exchange Rate and Central Bank Interventions in Selected ECOWAS Countries”. International Journal of Economics and Financial Issues 7, no. 3 (September 2017): 489-500.
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 M. A. Akinkunmi, “Rebound Effects of Exchange Rate and Central Bank Interventions in Selected ECOWAS Countries”, IJEFI, vol. 7, no. 3, pp. 489–500, 2017.
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 2017), 489-500.
JAMA 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, 2017, pp. 489-00.
Vancouver Akinkunmi MA. Rebound Effects of Exchange Rate and Central Bank Interventions in Selected ECOWAS Countries. IJEFI. 2017;7(3):489-500.