International records / OpenAlex research

Financial Integration and Consumption Smoothing in Nigeria and Egypt: Do Global Uncertainties Matter?

In this study, we adopt the structural vector auto-regressive (SVAR) model to assess the degree to which global uncertainties affect the relationship between financial integration and consumption smoothing in Egypt and Nigeria using quarterly data from 2010 to 2020.The study hypothesises that global uncertainty shocks will have adverse effects on consumption smoothing in both Nigeria and Egypt.Our main results from the study show that the economic policy uncertainty shock has a more declining effect on consumption smoothing in Egypt than other global uncertainty proxies.On the other hand, glob…