Sichei, Moses Muse; Gebreselasie, Tewodros G.; Akanbi, Olusegun Ayodele
(University of Pretoria, Department of Economics, 2005-12)
Modeling the nominal exchange rate has been one of the most difficult exercises in
economics. This paper attempts to estimate the nominal rand-USD exchange rate under the
Dornbusch(1980) and Frankel (1979) overshooting ...