Nigerian International Reserves and Nominal Official Exchange Rate Volatility

Simple item page
dc.contributor.authorOdior, E.S.O.
dc.contributor.authorNwaogwugwu, I.C.
dc.date.accessioned2020-03-28T16:56:50Z
dc.date.available2020-03-28T16:56:50Z
dc.date.issued2017-03
dc.description.abstractThis study examines the long and short-run impact relationship between international reserves and nominal official exchange rate for economy of Nigeria using annually time series data started from 1980 to 2014. Empirically, the study uses the unit root test, cointegration test and an Autoregressive Distributed Lag (ARDL model to dilate an econometrics long run equilibrium international reserves. The empirical evidence show that one lagged value of official exchange rate are negatively associated with the Nigerian international reserves on the long run. This study saw oil export as the major contribution to the Nigerian international reserve, while imports and external debts as the factors that inversely affect the Nigerian international reserves both in long and short run. The study recommended that to increase international reserve holding, it is essential to pursue and implement monetary policies that can considerably relax the binding constraint on the availability of foreign exchange particularly for exporting firms and also, Government should effectively control the volume of imports in order to minimize its import bill whilst at the same time trying to diversify its exports in a bid to boost export earnings in order to accumulate more foreign reserve.en_US
dc.identifier.citationOdior, E. S O. & I. C. Nwaogwugwu (2017), “Nigerian International Reserves and Official Exchange Rate Volatility” Journal of Economic and Policy Analysis, Department of Economics, University of Lagos, Vol. 2, No. 1, Pp, 72 – 94en_US
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/8195
dc.language.isoenen_US
dc.publisherJournal of Economic and Policy Analysisen_US
dc.relation.ispartofseries2;1
dc.subjectNigerian International Reservesen_US
dc.subjectExchange Rateen_US
dc.titleNigerian International Reserves and Nominal Official Exchange Rate Volatilityen_US
dc.typeArticleen_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
30 Nigerian International Reserves and Exchange rate.pdf
Size:
541.19 KB
Format:
Adobe Portable Document Format
Description:
Main Article
Download
License bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Economics-Scholarly Publications