Testing the asymmetric effects of Interest Rates in Botswana: A NARDL Approach to the McKinnon-Shaw hypothesis
The many relationships among macroeconomic variables tend to follow a nonlinear path despite the more common linear assumptions. Previous research has shown that the speed at which macroeconomic variables fall is often rarely the same as the speed at which they rise, further suggesting the nonlinear...
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Format: | Dissertation |
Language: | English |
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Faculty of Commerce
2021
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Online Access: | http://hdl.handle.net/11427/32968 |