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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Autores principales: Ibrahim Abidemi Odusanya, Adesola Bolaji Adesoye, Ayinla Idris Gbadamosi
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Lenguaje:EN
Publicado: Universitas Muhammadiyah Yogyakarta 2018
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Acceso en línea:https://doaj.org/article/1d37e172241c4cf9a903e3b054762026
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spelling 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)
institution DOAJ
collection DOAJ
language EN
topic exchange rate
nominal domestic credit
balance of payments
Economic theory. Demography
HB1-3840
spellingShingle 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
description 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
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