Exchange Rate Volatility And Economic Growth In Nigeria

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dc.contributor.authorEzike, J.E.
dc.contributor.authorAjayi, L.B.
dc.date.accessioned2017-10-19T12:24:01Z
dc.date.available2017-10-19T12:24:01Z
dc.date.issued2012-06
dc.descriptionStaff Publicationen_US
dc.description.abstractConsequent upon the simultaneous collapse of the Bretton wood system and the adoption of the flexible exchange rate system in many countries, economist and policy maker are concerned about the effect of exchange rate volatility on the economy in general. However, theoretical, and empirical work on the subject has produced mixed results. This study investigate the likely impact of exchange rate volatility on Nigeria economy using Generalized Method of Moment analysis and GARCH and ARCH modeling with annual time series covering the period between 1980 to 2009. Interesting result was found, exchange rate was found to have a negative and significant effect on Nigeria economy. It was also discovered that exchange rate generated via GARCH was volatile during the period studied. Based on this, it is instructive, therefore, that a coordinated monetary and fiscal policy should be put. in place 10checkmate the fluctuation of exchange rate so as to bring rapid development to Nigeria economy.en_US
dc.identifier.citationEzike,J.E. and Ajayi,L.B. (2012) Exchange Rate Volatility And Economic Growth In Nigeria . International Journal Of Management Science (IJOMAS) Vol. 2, (1&2), p. 202 - 217.en_US
dc.identifier.urihttp://ir.unilag.edu.ng:8080/xmlui/handle/123456789/2407
dc.language.isoenen_US
dc.relation.ispartofseriesStaff Publication;
dc.subjectEconomic Growthen_US
dc.subjectExchange Rate Volatilityen_US
dc.titleExchange Rate Volatility And Economic Growth In Nigeriaen_US
dc.typeArticleen_US
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