Raifu, Isiaka Akande; Farayibi, Adesoji O. - 2022
, however, little attention has been paid to how exchange rate volatility affects the level of financial development in … developing countries, especially in Africa. Given this, this study is conducted to examine the effect of exchange rate volatility … on different measures of financial development. We use GARCH and Stochastic Volatility Methods to generate exchange rate …