Abstract
The causality test based on the ECM revealed a bidirectional causal relationship between the exchange rate and the inflation rate ( CPI ). Additionally, the results indicated a unidirectional causal relationship stemming from the broad money supply ( M2 ) toward both the CPI and the exchange rate ( E ). Based on these findings, the study concludes that fluctuations in broad money supply growth and changes in the exchange rate (devaluation) significantly explain the dynamics of inflation in both the short and long run.
DOI
10.33095/jeas.v26i117.1829
Subject Area
Accounting
First Page
546
Last Page
569
Recommended Citation
Hameed, M. M. (2020). Quality of Internal Audit and Its Impact on Nature, Timing and Procedures of External Audit an Investigative Study of a Sample of External Auditors Iraqi Solidary Companies for Auditing. Journal of Economics and Administrative Sciences, 26(117), 546-569. https://doi.org/10.33095/jeas.v26i117.1829
