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Nigeria: Should the Government Float or Devalue the Naira?

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  • Perekunah Eregha
  • Arcade Ndoricimpa
  • Solomon Olakojo
  • Mamello Nchake
  • Owen Nyang'oro
  • Edith Togba

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Suggested Citation

  • Perekunah Eregha & Arcade Ndoricimpa & Solomon Olakojo & Mamello Nchake & Owen Nyang'oro & Edith Togba, 2016. "Nigeria: Should the Government Float or Devalue the Naira?," African Development Review, African Development Bank, vol. 28(3), pages 247-263, September.
    • Handle: RePEc:bla:afrdev:v:28:y:2016:i:3:p:247-263
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    File URL: http://hdl.handle.net/10.1111/1467-8268.12203
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    References listed on IDEAS

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    1. Mohsen Bahmani-Oskooee & Jehanzeb Cheema, 2009. "Short-Run And Long-Run Effects Of Currency Depreciation On The Bilateral Trade Balance Between Pakistan And Her Major Trading Partners," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 34(1), pages 19-41, June.
    2. repec:cii:cepiei:2015-q1-141-8 is not listed on IDEAS
    3. Peter C. B. Phillips & Bruce E. Hansen, 1990. "Statistical Inference in Instrumental Variables Regression with I(1) Processes," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 57(1), pages 99-125.
    4. Ridha Nouira & Khalid Sekkat, 2015. "What determines the extent of real exchange rate misalignment in developing countries?," International Economics, CEPII research center, issue 141, pages 135-151.
    5. Johansen, Soren & Juselius, Katarina, 1990. "Maximum Likelihood Estimation and Inference on Cointegration--With Applications to the Demand for Money," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 52(2), pages 169-210, May.
    6. Halicioglu, Ferda, 2008. "The bilateral J-curve: Turkey versus her 13 trading partners," Journal of Asian Economics, Elsevier, vol. 19(3), pages 236-243, June.
    7. Bahmani-Oskooee, Mohsen & Harvey, Hanafiah, 2009. "The J-curve: Indonesia vs. Her Major Trading Partners," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 24, pages 765-777.
    8. Paresh Kumar Narayan & Seema Narayan, 2007. "Is devaluation expansionary or contractionary? Empirical evidence from Fiji," Applied Economics, Taylor & Francis Journals, vol. 39(20), pages 2589-2598.
    9. A. E. Akinlo & A. F. Odusola, 2003. "Assessing the impact of Nigeria's naira depreciation on output and inflation," Applied Economics, Taylor & Francis Journals, vol. 35(6), pages 691-703.
    10. Marial Awou Yol & Ahmad Zubaidi Baharumshah, 2007. "Estimating Exchange Rate And Bilateral Trade Balance Relationships: The Experience Of Sub‐Saharan African Countries," South African Journal of Economics, Economic Society of South Africa, vol. 75(1), pages 35-51, March.
    11. Kim, Yoonbai & Ying, Yung-Hsiang, 2007. "An empirical assessment of currency devaluation in East Asian countries," Journal of International Money and Finance, Elsevier, vol. 26(2), pages 265-283, March.
    12. Nkenchor Neville Igue & Toyin Segun Ogunleye, 2014. "Impact of Real Exchange Rate on Trade Balance in Nigeria," African Development Review, African Development Bank, vol. 26(2), pages 347-358, June.
    13. Martins Iyoboyi & Olarinde Muftau, 2014. "Impact of exchange rate depreciation on the balance of payments: Empirical evidence from Nigeria," Cogent Economics & Finance, Taylor & Francis Journals, vol. 2(1), pages 1-23, December.
    14. Ruper T. G. Rhodd, 1993. "The effect of real exchange rate changes on output: Jamaica's devaluation experience," Journal of International Development, John Wiley & Sons, Ltd., vol. 5(3), pages 291-303, May.
    15. repec:cii:cepiie:2015-q1-141-80 is not listed on IDEAS
    16. Alhaji Jibrilla Aliyu & Shehu Mohammed Tijjani & Caroline Elliott, 2015. "Asymmetric cointegration between exchange rate and trade balance in Nigeria," Cogent Economics & Finance, Taylor & Francis Journals, vol. 3(1), pages 1045213-104, December.
    17. Mohsen Bahmani-Oskooee & Abera Gelan, 2013. "Are Devaluations Contractionary in Africa?," Global Economic Review, Taylor & Francis Journals, vol. 42(1), pages 1-14, March.
    18. Zelealem Yiheyis, 2006. "The Effects of Devaluation on Aggregate Output: Empirical Evidence from Africa," International Review of Applied Economics, Taylor & Francis Journals, vol. 20(1), pages 21-45.
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    Cited by:

    1. Onyeaka, Keleenna & Agbugba, Ikechi Kelechi & Iheonu, Chimere Okechukwu, . "Ditch the NAIRA and Champion the ECO? A Post-Forex Crisis Assessment," Journal of Economic and Sustainable Growth 3, Office Of The Chief Economist, Development Bank of Nigeria, vol. 1.
    2. Idowu Oluwasayo Ayodeji, 2017. "Oil and the Naira: A Markov Switching Perspective," African Development Review, African Development Bank, vol. 29(4), pages 562-574, December.
    3. Prof. Hyacinth Ichoku & Dr. Ihuoma Anthony & Dr. Tosin Olushola & Apinran Martins, 2023. "Analyzing the Evolving Relationships among Climate Change, Insecurity, and Food Price Inflation in Nigeria: NARDL Approach," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(11), pages 100-124, November.
    4. Perekunah B. Eregha & Arcade Ndoricimpa, 2022. "Inflation, output growth and their uncertainties: some multivariate GARCH-M evidence for Nigeria," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 24(1), pages 197-210, June.
    5. Solomon Abayomi Olakojo, 2020. "A Markov‐switching analysis of Nigeria's business cycles: Are election cycles important?," African Development Review, African Development Bank, vol. 32(1), pages 67-79, March.

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