Exploring oil price - exchange rate nexus for Nigeria

Zahid Muhammad; Hassan Suleiman; Reza Kouhy

This paper investigates the oil price - exchange rate nexus for Nigeria during the period 2007-2010 using daily data. The generalised autoregressive conditional heteroscedasticity (GARCH) and exponential GARCH (EGARCH) models are employed to examine the impact of oil price changes on the nominal exchange rate .The outcome of this research indicates that a rise in oil prices leads to a depreciation of the Nigerian Naira vis-à-vis the US dollar over the study period.

MoreLess

Year of publication:	2011
Authors:	Muhammad, Zahid ; Suleiman, Hassan ; Kouhy, Reza
Publisher:	Wien : FIW
Subject:	Exchange rate \| oil price \| Nigeria \| GARCH/EGARCH \| Wechselkurs \| Ölpreis \| Oil price \| ARCH-Modell \| ARCH model \| Schätzung \| Estimation \| 2007-2010

freely available

Full text |

More access options

ideas.repec.org

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	Online-Ressource ([24] S.) graph. Darst.
Series:	FIW working paper. - Vienna : [Verlag nicht ermittelbar], ZDB-ID 2544164-4. - Vol. 71
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: PDF Reader
Other identifiers:	hdl:10419/121071 [Handle]
Classification:	F31 - Foreign Exchange ; E44 - Financial Markets and the Macroeconomy
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011346439