Gbadebo, A. Daniel; Adekunle, A. Oluwatobi; Akande, O. … - In: Cogent economics & finance 9 (2021) 1, pp. 1-24
Literature recognise that announcement impinge shocks which could shift the mean behaviour of the exchange rate. This study apply event driven models to analyse how the expectation of daily log-exchange rate and its daily log-return respond to all the 88 MPC meetings and selected CBN's...