This paper describes a simulation analysis of the likely effects of the introduction in the south Pacific region of an exchange rate adjustment mechanism based on the principles of the European Monetary System (EMS), which is intended to reduce fluctuations in exchange rates within a group of...

This study investigates the relationship between exchange rate volatility and cur-rency substitution in Nigeria, using Autoregressive Distributed Lag (ARDL) model.After accounting for the presence of structural breaks, evidence from the findingsshows that domestic interest rate and expected...