Namibian foreign exchange market: The degree of sterilisation
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Date
2013
Journal Title
Journal ISSN
Volume Title
Publisher
Asian Online Journals
Abstract
This paper examines the size of the degree of sterilization in Namibia. The study uses the ordinary least squares method to estimate the regression based on monthly data covering the period 2000:01 to 2013:03. The variables, net foreign assets and money supply were use in the OLS estimation. The results of this study show an almost near full sterilization with the value of 0.211. This suggests that monetary authorities do intervene in the foreign exchange markets to correct for the deviations in money stock, as this is important for monetary policy actions.
Description
Keywords
Sterilization, Foreign exchange, Net foreign assets, Money supply, Ordinary least squares, Namibia
Citation
Sheefeni, J. P. S. (2013). Namibian Foreign Exchange Market: The Degree of Sterilisation. Asian Journal of Business and Management, 1(3). https://ajouronline.com/index.php/AJBM/article/view/271