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Dollarization, inflation and interest rate in Nigeria

Olayungbo, David O.; Ajuwon, Kehinde T. - In: CBN journal of applied statistics 6 (2015) 1, pp. 241-261

This paper investigates the relationship among dollarization, inflation and interest rate in Nigeria for the period … autoregression (SVAR). Empirical evidence shows that dollarization index has been on the increase in Nigeria since 1994, despite …, inflation and interest rate. The Granger causality test reveals that there is a unidirectional relationship from dollarization …

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