Effects of Exchange Rate Fluctuations on the Balance of Payment in the Nigerian Economy
Journal Title: International Journal of Scientific Research and Management - Year 2017, Vol 5, Issue 12
Abstract
This study seeks to find out how exchange rates fluctuation impacts on balance of payments (BOP).The secondary data where used specifically from CBN and National Statistics publications from 1990 - 2013. Average values for import, exports, exchange rate and balance of payment were collected for various years. Data were anal yzed using multiple regression unit root test, making use of Augmented Dickey Fuller Test, E - view test statistics making use of variables, critical values and decision in carrying out unit root test. Where the findings showed that foreign exchange rate flu ctuation in general affects some of these macro - economic variables. The Researcher concludes that government should harmonize monetary and fiscal policies to boost non - oil exports. A market driven exchange rate will encourage exports and take care of dis equilibria in balance of payments
Authors and Affiliations
Echekoba Felix Nwaolisa
Keywords
Related Articles
- EP ID EP314079
- DOI -
- Views 81
- Downloads 0
Enhanced Scalability In Social Network Application Using Presence Service
Social network applications have become more and more in style on mobile devices. A mobile presence service is an important element of a social network application as a result of it maintains every mobile...
The Impact of Economic downturn on b rand preference and “Buy Down” Behavior in FMCG sector
The global economic recession continues to be long and deep — and consumers across the globe remain insecure and anxious. They are tightening their budgets and actively trading down. The impact of the...
Finite Volume Methods for Non-Linear Equations
We consider the classical numerical-type of models. In the first part we deal with finite difference numerical model for irotational water waves. Finite volume methods are based on the integral form. A numerical mo...
A Study on Role and Applications of ICT in Development of Rural Areas
India is an extremely diverse country with a number of disparities and divides and rural - urban divide is on eamong many such divides. About 68% of Indian population live in rural areas and is dependent mostly o n a str...
Study o f Te chniques Used For Segmentation a nd Classification o f Skin Lesion
Skin lesion is the piece of the skin having strange development. The piece of skin seeming diverse then different parts of the skin is by and large falls into the class of skin lesion. The proposed work resea rch the use...