THE DETERMINANTS OF EXCHANGE RATE IN NIGERIA
ABSTRACT The study examines the determinants of real exchange rate in the recent years in Nigeria over the period of 1970 to 2006 using the Nigerian time series data. Following literature, we identified the potential determinants of real exchange rate as lag of real exchange rate, real interest rate, inflation rate, trade openness and real gross domestic product. After examined the time series characteristics of the data with Augmented Dickey-Fuller ...
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