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LIST OF TABLES

Table 1: Descriptive statistic

Table 2: Augmented Dickey-Fuller (ADF) Unit Root Test at Level.

Table 3: Augmented Dickey-Fuller (ADF) Unit Root Test at First Difference.

Table 4: Johansen Co-integration Test (Trace Test Statistic) Table 5: Johansen Co-integration Test (Max Test Statistic)

Table 6: Vector Error Correction Model (Dependent Variable (BD) Table 7: Vector Error Correction Model (Dependent Variable (CAD) Table 8: Granger Causality Test Dependent Variable; D (CAD) Table 9: Granger Causality Test Dependent Variable; D (BD) Table 10: Granger Causality Test Dependent Variable; D (ER) Table 11: Granger Causality Test Dependent Variable; D (INF) Table 12: Granger Causality Test Dependent Variable; D (INT)

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