Modeling nominal exchange rates in Uganda. A comparison between traditional unit root tests and fractional integration

dc.contributor.author	Nabatanzi, Catherine Kamya
dc.date.accessioned	2022-02-11T10:21:41Z
dc.date.available	2022-02-11T10:21:41Z
dc.date.issued	2020
dc.description	Submitted in partial fulfillment of the requirements for the Degree of Bachelor of Business Science Financial Economics at Strathmore University	en_US
dc.description.abstract	This paper analyzes six major nominal exchange rates in Uganda, determining whether shocks in each series are transitory or permanent in the long run. We obtain results from traditional unit root tests and compare these to the results from newer fractional integration techniques that have been shown to have higher power in establishing stationarity or mean-reversion. The results show evidence of mean reversion in the cases of Euro and Kenya shilling, but not for the US dollar, Japanese Yen, the Pound and the Canadian dollar. This means that the shocks affecting the latter currencies do not dissipate in the long run.	en_US
dc.identifier.uri	http://hdl.handle.net/11071/12665
dc.language.iso	en	en_US
dc.publisher	Strathmore University	en_US
dc.title	Modeling nominal exchange rates in Uganda. A comparison between traditional unit root tests and fractional integration	en_US
dc.type	Undergraduate Project	en_US

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