• EXCHANGE RATE FLUCTUATIONS AND TRADE FLOWS IN NIGERIA: A TIME SERIES ECONOMETRIC MODEL


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    • ABSRACT - [ Total Page(s): 1 ]Consequent upon the collapse of the Bretton Woods system and the resultant adoption of the flexible exchange rate system in 1973, economists and policy-makers have been concerned about the significant effects of exchange rate fluctuations on the economy in general and trade, in particular. However, theoretical and empirical works on the subject have produced mixed results. This study investigates exchange rate fluctuations and trade flows in Nigeria: A time-series econometric model for the period 1980:1 to 2008:4, using GARCH modelling, Mundell-Fleming model, multivariate Johansen cointegratio ... Continue Reading

         

      CHAPTER ONE - [ Total Page(s): 2 ]INTRODUCTION1.1 BACKGROUND OF THE STUDYRisk in international commodity trade usually emanates from two main sources: changes in world prices or fluctuations in exchange rate. Consequent upon the collapse of the Bretton Woods system and the resultant adoption of the flexible exchange rate system in 1973, economists and policy makers have been concerned about the significant effects of exchange rate fluctuations on the economy in general and trade, in particular (Isitua & Neville: 2006). One of the most dramatic events in Nigeria over the past decade was the devaluation of the Nigerian naira wit ... Continue Reading