AN EMPIRICAL STUDY OF THE FOREIGN EXCHANGE RATE PREMIUM IN NIGERIA (1970-2007).
Abstract This work evaluates the trends in the parallel market exchange rate premium, its determination and impact on the foreign exchange market in Nigeria. It examines the impact of existing demand and supply gaps in the overall foreign exchange market on the determination of the parallel market premium. It further examines the impact of the parallel market exchange rate premium on the determination of the official exchange rate and the ...
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