Oyeniran, Ishola W.; Alamu, Solomon A. - In: CBN journal of applied statistics 11 (2020) 1, pp. 65-85
This study adopts the "buffer stock model" advanced by Frenkel and Jovanovic (1981) to estimate the optimal level of foreign reserves for Nigeria. The Autoregressive Distributed Lag Approach (ARDL) was used to estimate the optimal foreign reserves function. The results show that the Nigeria's...
