participation plays in this effect for 11 new European Union member states. Using heterogeneous panel cointegration methods, we …

test PPP using Johansen's (1988) multivariate cointegration technique. The cointegration tests are conducted with the …

five different country pairs in the post-Bretton-Woods era. We find evidence for the symmetry of the cointegration space …, which is of practical importance as it allows for the identification of the cointegration vectors in much smaller systems …

estimate the intensity (and effectiveness) of monetary sterilization by the Central Bank of Nigeria (CBN) in response to …

prices in Nigeria for the period 1995Q1 - 2015Q1. Utilizing the Johansen approach to cointegration and a vector error … correction methodology, the paper found the exchange rate pass-through into Nigeria's CPI inflation to be incomplete. The long … Nigeria. …

This study tests the Portfolio Balance Theory (PBT) for Nigeria for the period starting from September, 1997 to … stability after the crisis. The full sample results show that the PBT holds for Nigeria and asymmetries and structural breaks …

This paper models the long-run relationship between the Bureau De Change exchange rate and external reserves in Nigeria … Nigeria’s policy oversight. The supLM test result indicates that there is a non-linear long-run relationship between the … series, providing empirical support in favor of a TVECM specification. Thus, Cointegration occurs when the divergence between …