Impact of exchange rate depreciation on the balance of payments: Empirical evidence from Nigeria

The paper investigates the impact of exchange rate depreciation on the balance of payments (BOP) in Nigeria over the period 1961 - 2012. The analysis is based on a multivariate vector error correction framework. A long-term equilibrium relationship was found between BOP, exchange rate and other asso...

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Veröffentlicht in:	Cogent economics & finance 2014-12, Vol.2 (1), p.1-23
Hauptverfasser:	Iyoboyi, Martins, Muftau, Olarinde
Format:	Artikel
Sprache:	eng
Schlagworte:	Balance of payments cointegration Cointegration analysis Depreciation Error correction & detection exchange rate Exchange rates Foreign exchange rates generalized impulse response functions Nigeria vector error correction model
Online-Zugang:	Volltext
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