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Currency substitution and exchange rate volatility in Nigeria : an autoregressive distributed lag approach

Ajibola, Isaiah O.; Udoette, Sylvanus U.; Muhammad, Rabia A. - In: CBN journal of applied statistics 11 (2020) 2, pp. 1-28

This study investigates the relationship between exchange rate volatility and cur-rency substitution in Nigeria, using … addition, there is empirical supportfor a positive relationship between exchange rate volatility and currency substitu … incontaining exchange rate volatility and inflation as a way of curbing the spate ofcurrency substitution in the country. …

Persistent link: https://www.econbiz.de/10012513264

Portfolio balance approach to asymmetries, structural breaks and financial crisis : testing a model for Nigeria

Adekoya, Oluwasegun B. - In: CBN journal of applied statistics 11 (2020) 1, pp. 87-110

This study tests the Portfolio Balance Theory (PBT) for Nigeria for the period starting from September, 1997 to September, 2018. It extends the hypothesized linear inverse relationship between exchange rate and stock price to include asymmetries and structural breaks. It further examines the...

Persistent link: https://www.econbiz.de/10012297508

Is the stock market a leading indicator of economic activity in nigeria?

Ikoku, Alvan E. - In: CBN journal of applied statistics 1 (2010) 1, pp. 17-38

In an effort to address the lacuna in leading indicator studies of African economies and Nigeria in particular, this paper examines the causal relationships among stock market prices, real GDP and the index of industrial production in Nigeria, using quarterly data from 1984Q1 to 2008Q4. Granger...

Persistent link: https://www.econbiz.de/10011477855

Determining the optimal monetary policy instrument for Nigeria

Udom, Solomon I.; Yaaba, Baba N. - In: CBN journal of applied statistics 6 (2015) 1, pp. 29-47

cointegration. The result indicates the superiority of monetary instrument, followed by combined instrument and then interest rate …

Persistent link: https://www.econbiz.de/10011473693

Assessing contingent convertible bonds for bank recapitalization in Nigeria

Katata, Kabir - In: CBN journal of applied statistics 10 (2019) 1, pp. 119-153

the high stock price volatility coupled with high credit spreads in Nigeria. The paper suggests that CoCos could have been …

Persistent link: https://www.econbiz.de/10012178362

Effect of FDI inflows on employment generation in selected ECOWAS countries : heterogeneous panel analysis

Aderemi, Timothy Ayomitunde; Omitogun, Olawunmi; … - In: CBN journal of applied statistics 13 (2022) 1, pp. 241-263

The aim of this study is to examine the effect of FDI on employment in ECOWAS sub region between 1990 and 2019. The study utilizes a panel autoregressive dis- tributed lag model to analyze the short run and long run relationship between FDI and employment across ECOWAS sub region. In the short...

Persistent link: https://www.econbiz.de/10014282053

Testing the Fisher hypothesis in the presence of structural breaks and adaptive inflationary expectations : evidence from Nigeria

Uyaebo, Stephen O. U.; Bello, Yakubu A.; Omotosho, … - In: CBN journal of applied statistics 7 (2016) 1, pp. 333-358

Hansen Co-integration test confirmed the existence of a long-run relationship between nominal interest rates and inflation …

Persistent link: https://www.econbiz.de/10011529383

Exchange rate and external reserves in Nigeria : a threshold cointegration analysis

Nwachukwu, Ngozi E.; Ali, Abdulkadir I.; Abdullahi, … - In: CBN journal of applied statistics 7 (2016) 1, pp. 233-254

series, providing empirical support in favor of a TVECM specification. Thus, Cointegration occurs when the divergence between …

Persistent link: https://www.econbiz.de/10011534889

Analysis of inflation dynamics in Nigeria (1981 - 2015)

Bawa, Sani; Abdullahi, Ismaila S.; Ibrahim, Adamu - In: CBN journal of applied statistics 7 (2016) 1, pp. 255-276

testing approach to cointegration. Empirical results indicated that inflation in Nigeria proxied by CPI exhibited a strong …

Persistent link: https://www.econbiz.de/10011534974

Exchange rate pass-through to inflation in Nigeria

Bada, Abiodun S.; Olufemi, Ajibola I.; Tata, Inuwa A.; … - In: CBN journal of applied statistics 7 (2016) 1, pp. 49-70

prices in Nigeria for the period 1995Q1 - 2015Q1. Utilizing the Johansen approach to cointegration and a vector error …

Persistent link: https://www.econbiz.de/10011460225