AN ANALYSIS OF FOREIGN EXCHANGE RESERVE HOLDINGS AND MACROECONOMIC STABILITY IN NIGERIA.
ABSTRACT This study stems the depletion of Nigeria’s Reserves in recent times and the possible implications of this fluctuation of the Foreign Exchange Reserves on the macroeconomic stability of Nigeria in tandem with factors like holding of Reserves in excess and the desirability or otherwise of holding Reserves as embedded in the nation’s Reserve Management Strategy. The study used quarterly data ranging from the first quarter of 1981 to the ...
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