Central Bank of Nigeria, Research Department
Monetary aggregates, Exchange rate, Foreign exchange market (FEM), Monetary policy, Vector autor regressive (VAR), Float exchange rate
The paper empirically investigated the relationship between monetary aggregates and the exchange rate under alternative exchange rate regimes in Nigeria. Using data spanning 1961 to 2013 to estimate vector auto-regressive (VAR) models, a number of findings ensued.
Egwaikhide, F.O.M., et.al. (2014). Empirical exposition of monetary policy under fixed and managed float exchange rate regime: any lesson for Nigeria. CBN Economic and Financial Review. 52(4) 29-52.