IMPACT OF FOREIGN EXCHANGE RATE FLUCTUATIONS ON MAJOR MACRO-ECONOMIC VARIABLES IN NIGERIA (1987-2011)
ABSTRACT Foreign exchange volatility affects the performance of macroeconomic indicators positively and negatively. Most import-dependent economies like Nigeria face the problem of foreign exchange rate volatility. Nigeria’s over dependence in the oil and gas sector of the economy has affected the major macro economic variables, and adverse foreign exchange rate regimes have affected the Nigerian economy over the years. Nigeria’s major foreign earning is from oil; hence, volatility of crude ...
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