THE IMPACT OF IMF’S STRUCTURAL ADJUSTMENT PROGRAMME ON THE ECONOMIC DEVELOPMENT OF NIGERIA (1986-2008)
ABSTRACT The adoption of the International Monetary Fund (IMF) Structural Adjustment Programme (SAP) in 1986 resulted in the transition from fixed exchange rate regime to floating exchange rate regime in Nigeria. Ever since, the exchange rate of naira vis-à-vis the U.S dollar has attained varying rates all through different time horizons. On this basis, this study examines the reliability, persistency, and severity (degree) of volatility in exchange rate of Nigerian ...
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