, there are Pareto improving (and Pareto worsening) sunspot equilibria associated with an increase in the volatility of the … excess volatility of exchange rates, even when due to purely extrinsic phenomena. …

, there are Pareto improving (and Pareto worsening) sunspot equilibria associated with an increase in the volatility of the … excess volatility of exchange rates, even when due to purely extrinsic phenomena …

) procedure was employed to investigate the impact volatility in the exchange rate market has on foreign trade in both long- and … short-term with data between 1980 and 2020. To compute volatility, it relied on the GARCH (1, 1) model which predicted the … conditional variances as proxy for volatility. Our empirical results are distinguished into export model and import model, and …

), its volatility as well as the asymmetric effects, for the period of 12th May 2009 to 12th June, 2015. The empirical …-of-theweek effect is influenced by the choice of the volatility model applied. Similarly, the highest or lowest volatility market day …

, however, little attention has been paid to how exchange rate volatility affects the level of financial development in … developing countries, especially in Africa. Given this, this study is conducted to examine the effect of exchange rate volatility … on different measures of financial development. We use GARCH and Stochastic Volatility Methods to generate exchange rate …