Oil Price And Exchange Rate Volatility In Nigeria

65 pages Chapters 5 ID: ECO0191

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DepartmentEconomics
TypeProject
Pages65
Chapters5
FormatMS Word & PDF
Reference No.ECO0191

Abstract

Nigeria is a mono-product economy, where the main export commodity is crude oil, changes in oil prices has implications for the Nigerian economy and, in particular, exchange rate movements. The latter is mostly important due to the double dilemma of being an oil exporting and oil-importing country, a situation that emerged in the last decade. The study examined the effects of oil price, external reserves and interest rate on exchange rate volatility in Nigeria using yearly data from the year 1970 to 2011. The theoretical framework of this study is based on Generalized Autoregressive Conditiona…

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Pages65
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