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Monetary Approach to Nigerian Balance of Payments

The study examined monetary approach to Nigerian balance of payments. Therefore, the broad objective of the study was to examine the impact of monetary policy on balance of payments in Nigeria from 1970 to 2015. The econometrics methods of Co-integration and Error Correction Mechanism were employed as the analytical techniques. The Co-integration result revealed the existence of a long-run relationship among the variables. The result of the parsimonious ECM revealed that exchange rate and credit to private sector have significant impact on balance of payments in Nigeria. While money supply and…

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    from https://www.ijsmsjournal.org/2019/volume-2 issue-3/ijsms-v2i3p101.pdf