{"product_id":"exchange-rate-variability-and-currency-substitution-in-nigeria-von-dauda-olalekan-yinusa","title":"EXCHANGE RATE VARIABILITY AND CURRENCY SUBSTITUTION IN NIGERIA","description":"\u003cp\u003eThis book examined the linkage between exchange rate variability and currency Substitution in Nigeria. Specifically, the study tested for the existence of currency substitution and attempted to gauge its magnitude in Nigeria. Also, causality between  currency substitution and exchange rate volatility  in Nigeria was investigated. Subsequently, the study analyzed the implications of currency substitution and exchange rate volatility for monetary policy in Nigeria. The study covered a period of 17 years ¿1986(1)-2004(4). Quarterly time series data collected from the International Financial  Statistics published by the International Monetary  Fund(IMF) and Central Bank of Nigeria Statistical  Bulletin were used for the analysis. The time  series properties of the variables were determined  using the Augumented Dickey Fuller(ADF) test and  the Phillip-Perron Z-test.The study adopted the  unrestricted portfolio balance model, incorporating  exchange rate volatility within the framework of the Vector Autoregression(VAR) technique.This was  complemented with Autoregressive Conditional  Heteroscedasticity(ARCH) model to determine the  volatility or otherwise of exchange rate in Nigeria.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838355368\"\u003e\u003ch3\u003eDETERMINANTS, A CAUSAL ANALYSIS AND IMPLICATIONS FOR MONETARY POLICY\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783838355368","offer_id":39469204078685,"sku":"9783838355368","price":68.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/63369fd3-1a15-4aa7-9d09-2da34682f6a2.jpg?v=1775626267","url":"https:\/\/shop.autorenwelt.de\/en\/products\/exchange-rate-variability-and-currency-substitution-in-nigeria-von-dauda-olalekan-yinusa","provider":"Autorenwelt Shop","version":"1.0","type":"link"}