Nigerian International Reserves and Nominal Official Exchange Rate Volatility

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dc.contributor.authorOdior, E.S
dc.contributor.authorNwaogwugwu, I.C
dc.date.accessioned2019-03-28T14:37:51Z
dc.date.available2019-03-28T14:37:51Z
dc.date.issued2017
dc.descriptionStaff Publicationsen_US
dc.description.abstractThis study examined the long and short-run imp. '{ relationship between international reserves and nominal official exchange rate for le economy of Nigeria using annual time series datafrom 1980 to 2014. The study USf'{/ the unit root test, cointegration test and Oil autoregressive distributed lag (ARDL) n.odel to dilate econonietrics long-run equilibrium of international reserves. Tile empirical evidence showed that one lagged value of official exchange rate !Vas negatively associated with the Nigerian international reserves 017 the long run. Oil export Il'as the major contributor 10 tile Nigerian international reserves, while imports and external debts II'ere thefactors that inversely affected the reserves botli ill the long and short run. Tile study recommended that, /0 increase international reserve holding, it is essential to pursue and implement monetary poLicies that can considerably relax tile binding constraint Oil The availability of foreign exchange, particularly for exporting firms,' and IhO! government should effectively control the volume of imports in order to minimize its import bill while also diversifying its exports in a bid to boost export earnings /0 enhance its foreign reserves.en_US
dc.identifier.citationOdior, E.S and Nwaogwugwu, I.C (2017). Nigerian International Reserves and Nominal Official Exchange Rate Volatility. Journal of Economics and PoIicy Analysis, Vol.2(1)en_US
dc.identifier.issn2536-6874
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/4003
dc.language.isoenen_US
dc.publisherJournal of Economics and PoIicy Analysisen_US
dc.subjectNigerian international reservesen_US
dc.subjectExchange ratesen_US
dc.subjectResearch Subject Categories::SOCIAL SCIENCES::Business and economics::Economicsen_US
dc.titleNigerian International Reserves and Nominal Official Exchange Rate Volatilityen_US
dc.typeArticleen_US
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