THE EFFECT OF REAL EXCHANGE RATE VOLATILITY ON BALANCE OF PAYMENTS IN NIGERIA
ABSTRACT This study empirically examined the effect of real exchange rate volatility on balance of payments in Nigeria from 1970q1-2015q4 using the Ordinary Least Squares (OLS) technique. Autoregressive-Exponential Generalized Autoregressive Conditional Heteroskedasticity (AR-EGARCH) model was estimated to examine the real exchange rate for volatility by obtaining the conditional variance from the estimated result, which was used to proxy exchange rate volatility. Empirical results showed that real exchange rate volatility had ...
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