With the oil price at low level in Nigeria, exchange rate volatility has been manifested at different exchange rate regimes in Nigeria, the study look at the relationship between exchange rate volatility and Macroeconomics variables in Nigeria between 1985-2014. Secondary data were collected from Central Bank Statistical Bulletin, employing Johansen Error Correction Model (ECM) Technique to estimate the collected time-series data and General Conditional Heteroskedasticity (GARCH) to measure volatility. It is therefore observed and recommended that the Nigeria government should employ greater policy sensitivity towards the openness of the economy so that the capital flows that come through foreign direct investment (FDI) will be beneficial to the economy as a whole.
| Published in | Journal of Investment and Management (Volume 4, Issue 1) |
| DOI | 10.11648/j.jim.20150401.14 |
| Page(s) | 25-33 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2015. Published by Science Publishing Group |
Exchange Rate, Foreign Direct Investment, Economic Growth, Marco-economic Variable
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APA Style
Olure Bank Adeyinka Michael, Gbadebo Salako, Ajiteru Temilade. (2015). Falling Oil Price, Exchange Rate Volatility and Marco-economic Variables in Nigeria. Journal of Investment and Management, 4(1), 25-33. https://doi.org/10.11648/j.jim.20150401.14
ACS Style
Olure Bank Adeyinka Michael; Gbadebo Salako; Ajiteru Temilade. Falling Oil Price, Exchange Rate Volatility and Marco-economic Variables in Nigeria. J. Invest. Manag. 2015, 4(1), 25-33. doi: 10.11648/j.jim.20150401.14
AMA Style
Olure Bank Adeyinka Michael, Gbadebo Salako, Ajiteru Temilade. Falling Oil Price, Exchange Rate Volatility and Marco-economic Variables in Nigeria. J Invest Manag. 2015;4(1):25-33. doi: 10.11648/j.jim.20150401.14
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Download@article{10.11648/j.jim.20150401.14,
author = {Olure Bank Adeyinka Michael and Gbadebo Salako and Ajiteru Temilade},
title = {Falling Oil Price, Exchange Rate Volatility and Marco-economic Variables in Nigeria},
journal = {Journal of Investment and Management},
volume = {4},
number = {1},
pages = {25-33},
doi = {10.11648/j.jim.20150401.14},
url = {https://doi.org/10.11648/j.jim.20150401.14},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jim.20150401.14},
abstract = {With the oil price at low level in Nigeria, exchange rate volatility has been manifested at different exchange rate regimes in Nigeria, the study look at the relationship between exchange rate volatility and Macroeconomics variables in Nigeria between 1985-2014. Secondary data were collected from Central Bank Statistical Bulletin, employing Johansen Error Correction Model (ECM) Technique to estimate the collected time-series data and General Conditional Heteroskedasticity (GARCH) to measure volatility. It is therefore observed and recommended that the Nigeria government should employ greater policy sensitivity towards the openness of the economy so that the capital flows that come through foreign direct investment (FDI) will be beneficial to the economy as a whole.},
year = {2015}
}
TY - JOUR T1 - Falling Oil Price, Exchange Rate Volatility and Marco-economic Variables in Nigeria AU - Olure Bank Adeyinka Michael AU - Gbadebo Salako AU - Ajiteru Temilade Y1 - 2015/07/28 PY - 2015 N1 - https://doi.org/10.11648/j.jim.20150401.14 DO - 10.11648/j.jim.20150401.14 T2 - Journal of Investment and Management JF - Journal of Investment and Management JO - Journal of Investment and Management SP - 25 EP - 33 PB - Science Publishing Group SN - 2328-7721 UR - https://doi.org/10.11648/j.jim.20150401.14 AB - With the oil price at low level in Nigeria, exchange rate volatility has been manifested at different exchange rate regimes in Nigeria, the study look at the relationship between exchange rate volatility and Macroeconomics variables in Nigeria between 1985-2014. Secondary data were collected from Central Bank Statistical Bulletin, employing Johansen Error Correction Model (ECM) Technique to estimate the collected time-series data and General Conditional Heteroskedasticity (GARCH) to measure volatility. It is therefore observed and recommended that the Nigeria government should employ greater policy sensitivity towards the openness of the economy so that the capital flows that come through foreign direct investment (FDI) will be beneficial to the economy as a whole. VL - 4 IS - 1 ER -
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