Investigating External Debt and Exchange Rate Fluctuations in Nigeria: Any Difference with ARDL Model?
By:
References
- Aderemi T.A., Ogunleye G.A., Abalaba B.P., Owolabi, O.O. (2020) Exchange Rate Volatility and Trade Balance in Nigeria: Bound Test and ARDL Approach, Euro Economica, 39(1), 7-16
- Aderemi, T.A. (2019) Exchange Rate Volatility and Foreign Capital Inflows in Nigeria (1990-2016), Cointegration, DOLS and Granger Causality Approach, Management Studies and Economic Systems, 4(2), 161-170
- Aderemi T. A., Akinbode S. O., Omogboye M.A., Fagbola L. O. (2019) Exchange Rate Volatility and Foreign Capital Inflows in Nigeria: A Vector Error Correction Model Approach, Acta Universitatis Danubius. Œconomica, 15(5), 34-43
- Akpan, P.L. (2008) Foreign exchange market and economic growth in an emerging petroleum based economy: Evidence from Nigeria (1970-2003), African Economic and Business Review, 6 (2), 46-58.
- Adepeju A. A., Salau A. S., Obayelu, A. E. (2007) the effects of External Debt Management on Sustainable Economic Growth and Development: Lessons from Nigeria, Munich Personal Respective (MPRA) Paper No.2147
- Alam N., Taib F. (2013) An Investigation of the Relationship of External Public Debt with Budget Deficit, Current Account Deficit and Exchange Rate Depreciation in Debt Trap and Non-Debt Trap Countries, European Scientific Journal, 9 (22), 23-31
- Aliyu, S.R.U. (2011) Impact of oil price shock and exchange rate volatility on economic growth Nigeria: An empirical investigation, Research Journal of International Studies
- Aluko F., Arowolo D. (2010) Foreign Aid, the Third World’s Debt Crisis and the Implication for Economic Development: The Nigeria Experience, African Journal of Political Science and International Relations, 4(4), 120-127
- Asher O.J. (2012) The Impact of Exchange rate Fluctuation on the Nigeria Economic Growth (1980 – 2010). Unpublished B.sc Thesis of Caritas University Emene, Enugu State, Nigeria
- Ayadi, F. S., Ayadi F. O. (2008) the impact of external debt in economic growth: A comparative study of Nigeria and South Africa, Journal of Sustainable Development in Africa, 10 (3), 234-264.
- Azeez B.A.; Kolapo F.T., Ajayi L.B. (2012) Effect of Exchange rate Volatility on Macroeconomic Performance in Nigeria, Interdisciplinary Journal of Contemporary Research in Business. 4 (1), 149-155
- Blessy A., Lakshmi K. (2020) Original Sin, Currency Depreciation and External Debt Burden: Evidence from India, International Journal of Economics and Financial Issues, 10(3), 58-68
- Bunescu L. (2014) The Impact of External Debt on Exchange Rate Variation in Romania, Economics and Sociology, 7(3), 104-115
- Calvo G.A., Reinhart C. M. (2002) Fear of floating, Quarterly Journal of Economics. 117 (2), 379-408
- Carrera C.M., Vergara, R. (2012) Fiscal sustainability: The impact of real exchange rate shocks on debt valuation, interest rates and GDP growth, World Development, 40(9), 1762-1783
- CBN (2012) Annual Statistical Bulletin.
- David U., Ameh A. 2010. The Effect of exchange rate fluctuations on Nigeria manufacturing sector, African Journal of Business Management, 4 (14), 2994-2998
- Devereux M.B., Lane P.R., Xu J. (2006) Exchange rates and monetary policy in emerging market economies, The Economic Journal, 116(511), 478-506.
- Dickey, D.A., Fuller, W.A. (1979) Distribution of the Estimators for Autoregressive Time Series with a Unit Root, Journal of the American Statistical Association, 74, 427–431
- Fagbola L. O., Sokunbi, G. M., Aderemi T. A., Adebayo, A. G. (2020) External Debt and Economic Growth in Nigeria: An Implication for Debt Overhang Theory, Journal of Economics, Law and Politics, 7(2), 29-39
- Hameed A., Ashraf H., Claudlary M. A. (2008) External Debt and its Impact on Economic and Business Growth in Pakistan, International Research Journal of Finance and Economics Issue 20
- Ijeoma N.B. (2013) an Empirical Analysis of the Impact of Debt on the Nigerian Economy, International Journal of Arts and Humanities, 2 (7), 165-191
- Jean-Claude Kouladoum (2018) External debts and real exchange rates in developing countries: evidence from Chad. Online at https://mpra.ub.unimuenchen.de/88440/ MPRA Paper No. 88440, posted 19 August 2018 02:32 UTC
- Hargreaves, D., Watson, E. (2011) sudden stops, external debt and the exchange rate, Reserve bank of New Zealand: Bulletin, 74(4), 17-27
- Karmel P. H., Polasek M, (1980). Applied statistics for economists. Pitman Publishing
- Krugman, P. (1989) Market Based Debt reduction Schemes. NBER Working Paper No. 16827, February 2011
- Obansa S.A.J., Okoroafor O.K.D., Aluko O.O., Millicent E. (2013) Perceived relationship between exchange rate, interest rate and economic growth in Nigeria: 1970-2010, American Journal of Humanities and Social Sciences, 1 (3), 116-124
- Ogege S. A., Ekpudu J.E. (2010) The Effect of Debt Burden on the Nigerian Economy, Journal of Research in National Development, 8 (2), 13-21
- Palić I., Banić F., Matić L. (2018) The analysis of the impact of depreciation on external debt in long run: Evidence From Croatia, Interdisciplinary Description of Complex Systems, 16(1), 186-193.
- Patrawimolporn P. (2007) Effect of Exchange Rate on Debt, Debt Services and Public Debt Management in Thailand in the 1980s, Asian Economic Journal, 5,3
- Pesaran M. H., Shin Y., Smith R. J. (2001) Bounds testing approaches to the analysis of level relationships, Journal of Applied Econometrics, 16, 289-326
- Pesaran M., Pesaran B. (1997) Microfit 4.0 (windows version). New York: Oxford University Press Inc
- Phillips P. C., Perron P. (1988) Testing for a unit root in time series regression, Biometrika, 75, 335-346
- PNUD (2011) Rapport mondial sur le développement humain.
- Saheed Z. S., Sani I. E. Idakwoji B. O. (2015) Impact of Public External Debt on Exchange Rate in Nigeria, European Journal of Business and Management, 7(21), 55-59
- Semenitari I. (2005) The Road to Debt Relief. Tell Magazine, 29, July 19, 38
- Sene B. (2004) The Impact of Debt Overhang on Equilibrium Real Exchange Rate in Developing Countries: A Theoretical Model. EURISCO Working Paper, No. 04-17
- Siok K. S., Cheau P. O., Mohd T.I. (2012) Investigating the Relationship between Exchange Rate and Inflation Targeting, Applied Mathematical Sciences, 6(32),1571-1583
DOI: https://doi.org/10.2478/subboec-2020-0015 | Journal eISSN: 2065-9644
Language: English
Page range: 53 - 64
Published on: Dec 31, 2020
Published by: Babeș-Bolyai University
In partnership with: Paradigm Publishing Services
Publication frequency: 3 times per year
Keywords:
Related subjects:
© 2020 Timothy Ayomitunde Aderemi, Lawrence Olusegun Fagbola, Gbenro Matthew Sokunbi, Chidinma Edith Ebere, published by Babeș-Bolyai University
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.