Andere Kunden interessierten sich auch für
![Climate variability implications for maize yield food security]( "Climate variability implications for maize yield food security")
Climate variability implications for maize yield food security27,99 €![Analysis of adaptation to climate variability and change in Uganda]( "Analysis of adaptation to climate variability and change in Uganda")
Analysis of adaptation to climate variability and change in Uganda44,99 €![Morphological and molecular characterization of Momordica charantia L]( "Morphological and molecular characterization of Momordica charantia L")
Morphological and molecular characterization of Momordica charantia L40,99 €![The Impact of Weather variability on Economic Growth in Kenya]( "The Impact of Weather variability on Economic Growth in Kenya")
The Impact of Weather variability on Economic Growth in Kenya25,99 €![The Economic Impact of Climate Variability]( "The Economic Impact of Climate Variability")
The Economic Impact of Climate Variability40,99 €![The Human Ecology of Horizon Effects]( "The Human Ecology of Horizon Effects")
The Human Ecology of Horizon Effects61,99 €![Input Substitution & Capacity Utilization: Pakistan's Manufacturing]( "Input Substitution & Capacity Utilization: Pakistan's Manufacturing")
Input Substitution & Capacity Utilization: Pakistan's Manufacturing34,99 €
This book examined the linkage between exchange rate variability and currency Substitution in Nigeria. Specifically, the study tested for the existence of currency substitution and attempted to gauge its magnitude in Nigeria. Also, causality between currency substitution and exchange rate volatility in Nigeria was investigated. Subsequently, the study analyzed the implications of currency substitution and exchange rate volatility for monetary policy in Nigeria. The study covered a period of 17 years 1986(1)-2004(4). Quarterly time series data collected from the International Financial Statistics published by the International Monetary Fund(IMF) and Central Bank of Nigeria Statistical Bulletin were used for the analysis. The time series properties of the variables were determined using the Augumented Dickey Fuller(ADF) test and the Phillip-Perron Z-test.The study adopted the unrestricted portfolio balance model, incorporating exchange rate volatility within the framework of the Vector Autoregression(VAR) technique.This was complemented with Autoregressive Conditional Heteroscedasticity(ARCH) model to determine the volatility or otherwise of exchange rate in Nigeria.