Irefin, David; Yaaba, Baba N. - In: CBN journal of applied statistics 2 (2011) 2, pp. 63-82
from Asia. Oil exporting countries in Africa and the Middle East are not left out in this trend. Nigeria's foreign reserves … rose from US$5.5 billion in 1999 to US$62.40 billion in July 2008, making Nigeria the twenty-fourth largest reserves holder … econometrics "Buffer Stock Model" of Frenkel and Jovanovic (1981) to estimate the determinants of foreign reserves in Nigeria with …