Using a model of a small open economy operating under dual foreign exchange markets, free exchange rate for financial transactions and quasi-fixed exchange rate for commercial transactions, this paper analyses the dynamic adjustment of the foreign exchange rates, when terms of trade, and...

Using a model of a small open economy operating under dual foreign exchange markets, free exchange rate for financial transactions and quasi-fixed exchange rate for commercial transactions, this paper analyses the dynamic adjustment of the foreign exchange rates, when terms of trade, and...

This paper explores shared trends and shared cycles between crude oil market and global food commodity markets for wheat, rice, sugar, beef, coffee and groundnut. The results of the paper indicate that there is no evidence of shared trend and common cycle between crude oil market and each of the...