International records / OpenAlex research

Empirical Assessment of Foreign Exchange Market Effect on the Nigerian Emerging Economy

This study examined Foreign Exchange Market effect on the Nigerian emerging economy.Specifically, the study considers the significant effect of foreign exchange rate, Balance of payment, Inflation rate and Interest rate on the Nigerian economy using time series data for period 1988 to 2014.The study employs the Augmented Dickey Fuller test to carry out the stationarity test of the variable.The Johnson co-integration and error correction mechanism (ECM) statistical techniques where used to ascertain the short run and long run dynamic relationships between the dependent and independent variables…