Oil price and exchange rate in emerging markets

What is it about?

This paper shows the short term dynamics and long term relationship between oil price and exchange rate as well as GDP. Paper shows vivid analysis on how exchange rate in a developing country is affected by global oil price. Ghana, a mixed effect country on global oil price dynamics is put on the sport light.

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Why is it important?

Paper fill gaps in literature on developing country exchange rate fluctuations and global oil price. For emerging economies, monetary and fiscal policies to shock in global oil price is as important as the growth of their economy. The deep analysis made in this paper will help policies makers in emerging economies.