EFFECT OF EXCHANGE RATE AND INFLATION ON NIGERIA’S ECONOMIC GROWTH
Abstract Exchange rate and inflation are the major drivers of any nation’s economy. Exchange rate policies in developing countries are often sensitive and controversial, mainly because of the kind of structural transformation required, such as reducing imports or expanding non-oil exports, which invariably imply a depreciation of the nominal exchange rate. Such domestic adjustments, due to their short-run impact on prices and demand, are perceived as damaging to the economy. ...
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