EXCHANGE RATE FLUCTUATIONS AND NIGERIA'S CAPITAL ACCOUNT
This paper examines the effect of exchange rate fluctuations on the capital account in Nigeria from 1980 to 2015. The data used for the study were retrieved from the Central Bank of Nigeria Bulletin. The study employed Johansen co-integration test, Error Correction Model (ECM) and Fully Modified Ord...
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Universitas Muhammadiyah Yogyakarta
2018
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oai:doaj.org-article:1d37e172241c4cf9a903e3b0547620262021-12-02T11:03:51ZEXCHANGE RATE FLUCTUATIONS AND NIGERIA'S CAPITAL ACCOUNT1411-99002541-5506https://doaj.org/article/1d37e172241c4cf9a903e3b0547620262018-04-01T00:00:00Zhttps://journal.umy.ac.id/index.php/esp/article/view/4297https://doaj.org/toc/1411-9900https://doaj.org/toc/2541-5506This paper examines the effect of exchange rate fluctuations on the capital account in Nigeria from 1980 to 2015. The data used for the study were retrieved from the Central Bank of Nigeria Bulletin. The study employed Johansen co-integration test, Error Correction Model (ECM) and Fully Modified Ordinary Least Square (FMOLS). Evidence from the study shows that exchange rate has no effect on the capital account. As a result of the study, production in the Nigerian economy must be encouraged through availability of domestic credit while market determined interest rate should be encouraged to stimulate economic growth and investmentIbrahim Abidemi OdusanyaAdesola Bolaji AdesoyeAyinla Idris GbadamosiUniversitas Muhammadiyah Yogyakartaarticleexchange ratenominal domestic creditbalance of paymentsEconomic theory. DemographyHB1-3840ENJurnal Ekonomi & Studi Pembangunan, Vol 19, Iss 1, Pp 35-40 (2018) |
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DOAJ |
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exchange rate nominal domestic credit balance of payments Economic theory. Demography HB1-3840 |
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exchange rate nominal domestic credit balance of payments Economic theory. Demography HB1-3840 Ibrahim Abidemi Odusanya Adesola Bolaji Adesoye Ayinla Idris Gbadamosi EXCHANGE RATE FLUCTUATIONS AND NIGERIA'S CAPITAL ACCOUNT |
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This paper examines the effect of exchange rate fluctuations on the capital account in Nigeria from 1980 to 2015. The data used for the study were retrieved from the Central Bank of Nigeria Bulletin. The study employed Johansen co-integration test, Error Correction Model (ECM) and Fully Modified Ordinary Least Square (FMOLS). Evidence from the study shows that exchange rate has no effect on the capital account. As a result of the study, production in the Nigerian economy must be encouraged through availability of domestic credit while market determined interest rate should be encouraged to stimulate economic growth and investment |
format |
article |
author |
Ibrahim Abidemi Odusanya Adesola Bolaji Adesoye Ayinla Idris Gbadamosi |
author_facet |
Ibrahim Abidemi Odusanya Adesola Bolaji Adesoye Ayinla Idris Gbadamosi |
author_sort |
Ibrahim Abidemi Odusanya |
title |
EXCHANGE RATE FLUCTUATIONS AND NIGERIA'S CAPITAL ACCOUNT |
title_short |
EXCHANGE RATE FLUCTUATIONS AND NIGERIA'S CAPITAL ACCOUNT |
title_full |
EXCHANGE RATE FLUCTUATIONS AND NIGERIA'S CAPITAL ACCOUNT |
title_fullStr |
EXCHANGE RATE FLUCTUATIONS AND NIGERIA'S CAPITAL ACCOUNT |
title_full_unstemmed |
EXCHANGE RATE FLUCTUATIONS AND NIGERIA'S CAPITAL ACCOUNT |
title_sort |
exchange rate fluctuations and nigeria's capital account |
publisher |
Universitas Muhammadiyah Yogyakarta |
publishDate |
2018 |
url |
https://doaj.org/article/1d37e172241c4cf9a903e3b054762026 |
work_keys_str_mv |
AT ibrahimabidemiodusanya exchangeratefluctuationsandnigeriascapitalaccount AT adesolabolajiadesoye exchangeratefluctuationsandnigeriascapitalaccount AT ayinlaidrisgbadamosi exchangeratefluctuationsandnigeriascapitalaccount |
_version_ |
1718396278565502976 |