International records / OpenAlex research

Comparative analysis between symmetric and asymmetric dynamic conditional correlation multivariate GARCH modeling of macro-financial variables in Nigeria

The interconnected dynamics of oil prices, exchange rates, stock market performance and inflation are central to Nigeria’s economic stability. This study examined the dynamic interrelationships among these macro-financial variables to enhance understanding of risk transmission and policy effectiveness in Africa's largest economy. Specifically, the research models time-varying volatility spillovers and conditional correlations, testing for asymmetric effects whereby negative shocks may exert a stronger influence on market co-movements than positive ones. Using both symmetric and asymmetric Dyna…