Olayungbo, D. O. - In: Journal of risk and financial management : JRFM 12 (2019) 1/43, pp. 1-14
This study investigated the relative Granger causal effects of oil price on exchange rate, trade balance, and foreign reserve in Nigeria. We used seasonally adjusted quarterly data from 1986Q4 to 2018Q1 to remove predictable changes in the series. Given the non-stationarity of our variables, we...