Central Bank of Nigeria
Excess liquidity, Real effective exchange rate, Interest rate, Gross domestic product, Impulse response
This paper investigates the response of output, real exchange rate and interest rate to shocks to excess liquidity in Nigeria. The authors used structural VAR to estimate the model.
Englama, A., & Ogunleye, T. S. (2009). Output, real exchange rate and interest rate response to excess liquidity in Nigeria. Economic and Financial Review, 47(1), 1-16.