Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
- Publication
Articles 1 - 3 of 3
Full-Text Articles in Social and Behavioral Sciences
Non-Oil Exports, Economic Growth And Macroeconomic Stability, T.A. Oyejide
Non-Oil Exports, Economic Growth And Macroeconomic Stability, T.A. Oyejide
Economic and Financial Review
The author discussed the role of non-oil exports in the structural transformation and sectoral diversification processes which are inherently associated with sustainable growth and development outcomes as well as the focus of the analysis shifts to an examination of the role of non-oil exports in promoting economic growth and development.
Exchange Rate Management: Evolution Of The Nigerian Foreign Exchange Market, Bismark J. Rewane
Exchange Rate Management: Evolution Of The Nigerian Foreign Exchange Market, Bismark J. Rewane
Bullion
To grasp the challenges facing the naira, an understanding of the framework of the exchange rate system is imperative. This article highlights key developments and presents an analysis of the current issues facing the Nigerian currency.
Factors Explaining Exchange Rate Volatility In Nigeria: Theory And Empirical Evidence, H. E. Oaikhenan, O. S. Aigheyisi
Factors Explaining Exchange Rate Volatility In Nigeria: Theory And Empirical Evidence, H. E. Oaikhenan, O. S. Aigheyisi
Economic and Financial Review
The study empirically investigated the factors explaining the volatility of the bilateral exchange rate of the naira to the U.S. dollar, using data for 1970-2013 period. The EGARCH (1.1) modeling technique was used. The empirical evidence indicated that volatility of the naira exchange rate was characterised by clustering, strong leverage effect and moderate degree of persistence. It was found that increased net capital flows, greater integration of the Nigerian economy into the global market, deepening of the nation’s financial system, favourable crude oil prices, increase in the level of external reserves as well as economic growth were germane to dampening …