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

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 associ...

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Bibliographic Details
Main Authors: Martins Iyoboyi, Olarinde Muftau
Format: Article
Language:English
Published: Taylor & Francis Group 2014-12-01
Series:Cogent Economics & Finance
Subjects:
balance of payments
cointegration
depreciation
exchange rate
generalized impulse response functions
vector error correction model
Online Access:http://dx.doi.org/10.1080/23322039.2014.923323

Internet

http://dx.doi.org/10.1080/23322039.2014.923323

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