Exchange Rate Misalignment and Capital Flight from Botswana: A Cointegration Approach with Risk Thresholds
This study investigates the impact of exchange rate misalignment on outward capital flight in Botswana over the period 1980−2015. The study uses the autoregressive distributed lag (ARDL) approach to cointegration and the Toda and Yamamoto (1995) approach to Granger causality. Botswana&...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2019-06-01
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| Series: | Journal of Risk and Financial Management |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1911-8074/12/2/101 |