International records / OpenAlex research

Monetary Policy and the Stock Price - Exchange Rate Nexus: New Insights from Influential African Economies

The study examined the role of monetary policy in the stock price - exchange rate nexus in the three major financial markets in Africa between 2005 and 2017. Essentially, the study attempted to validate the trade balance approach (TBA) for the African stock markets and conducted analyses in the periods before and after the global financial crisis (GFC). The study focused on Nigeria, South Africa and Egypt and utilized data on nominal exchange rate, stock price, nominal interest rate and consumer price index sourced from the International Financial Statistics of the International Monetary Fund.…