The analysis of the 2008 US financial crisis : an intervention approach

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dc.contributor.authorMakatjane, Katleho Danielen_ZA
dc.contributor.authorMolefe, Edward Kagisoen_ZA
dc.contributor.authorVan Wyk, Roscoe Bertrumen_ZA
dc.date.accessioned2019-10-07T12:54:34Z
dc.date.available2019-10-07T12:54:34Z
dc.date.issued2018
dc.descriptionCITATION: Makatjane, K. D., Molefe, E. K. & Van Wyk, R. B. 2018. The analysis of the 2008 US financial crisis : an intervention approach. Journal of Economics and Behavioral Studies, 10(1):59-68, doi:10.22610/jebs.v10i1.2089.
dc.descriptionThe original publication is available at https://ojs.amhinternational.com
dc.description.abstractThe current study investigates the impact of the 2008 US financial crises on the real exchange rate in South Africa. The data used in this empirical analysis is for the period from January 2000 to June 2017. The Seasonal autoregressive integrated moving average (SARIMA) intervention charter was used to carry out the analysis. Results revealed that the financial crises period in South Africa occurred in March 2008 and significantly affected the exchange rate. Hence, the impact pattern was abrupt. Using the SARIMA model as a benchmark, four error metrics; to be precise mean absolute error (MAE), mean absolute percentage error (MAPE), mean error (ME) and Mean percentage error (MPE) was used to assess the performance of the intervention model and SARIMA model. The results of the SARIMA intervention model produced better forecasts as compared to that one of SARIMA model.en_ZA
dc.description.urihttps://ojs.amhinternational.com/index.php/jebs/article/view/2089
dc.description.versionPublisher's version
dc.format.extent10 pages ; illustrations
dc.identifier.citationMakatjane, K. D., Molefe, E. K. & Van Wyk, R. B. 2018. The analysis of the 2008 US financial crisis : an intervention approach. Journal of Economics and Behavioral Studies, 10(1):59-68, doi:10.22610/jebs.v10i1.2089
dc.identifier.issn2220-6140 (online)
dc.identifier.otherdoi:10.22610/jebs.v10i1.2089
dc.identifier.urihttp://hdl.handle.net/10019.1/106588
dc.language.isoen_ZAen_ZA
dc.publisherInternational Foundation for Research and Development
dc.rights.holderAuthors retain copyright
dc.subjectReal exchange rate -- South Africaen_ZA
dc.subjectForeign exchange rates -- South Africaen_ZA
dc.subjectGlobal Financial Crisis, 2008-2009en_ZA
dc.subjectFinancial crises -- United Statesen_ZA
dc.titleThe analysis of the 2008 US financial crisis : an intervention approachen_ZA
dc.typeArticleen_ZA
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