Federal finance and statistics / Central Bank of Nigeria

Exchange rate volatiliy and capital flows

The CBN Working Paper Series is a publication of the Central Bank of Nigeria designed to facilitate the timely dissemination of preliminary research findings. It provides a platform for author(s) to receive comments, questions, constructive criticism, and scholarly feedback from peers, academics, policymakers, and the wider public, with the objective of strengthening and refining the research prior to its final publication in peer-reviewed outlets. | Keywords: Exchange Rate Volatility, Foreign Portfolio Investment, GARCH Model, Capital Flows, Nigeria, SVAR