Assessing the long-run relationship of exchange rate and balance of payment: a case study of Nigeria
Theoretically, a monetary policy intervention of a central bank in form of exchange rate devaluation will make exports of such a country cheaper with a resultant increased competitiveness. However, should developing country such as Nigeria that is mostly import-dependent adopt the same approach? Will a greater focus on the structural and developmental changes be a better option? In a long-run, what is the lead-lag relationship between exchange rate and the Balance of Payment (BOP)? These are issues this project paper sets out to empirically investigate through a multivariate vector error correction framework ...
Long-term relationship , Exchange rate , Balance of payment , Nigeria
Adekunle, S. S. (2016). Assessing the long-run relationship of exchange rate and balance of payment: a case study of Nigeria (Master dissertation). INCEIF, Kuala Lumpur. Retrieved from https://ikr.inceif.org/handle/INCEIF/2647