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Do Exchange Rate Changes have Symmetric or Asymmetric Effects on Money Demand in Nigeria

Olalekan Bashir Aworinde et al.

African Finance Journal2019article
AJG 1
Weight
0.45

What the paper says

Previous studies of the effects of exchange rate changes on Nigeria’s demand for money have assumed symmetry relationship. In this paper, we examine the asymmetric effect of exchange rate on demand for money by constructing naira depreciation and appreciation. The study employed the linear and nonlinear auto-regressive distributed lag (ARDL) approach using quarterly data for the period 1960Q1-2017Q4. The results show that exchange rate changes have short-run and long-run asymmetric effects on demand for money in Nigeria and that when nonlinearity was introduced there is stability of money demand.

2 citations

Cite this paper

@article{olalekan2019,
  title        = {{Do Exchange Rate Changes have Symmetric or Asymmetric Effects on Money Demand in Nigeria}},
  author       = {Olalekan Bashir Aworinde et al.},
  journal      = {African Finance Journal},
  year         = {2019},
}

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Do Exchange Rate Changes have Symmetric or Asymmetric Effects on Money Demand in Nigeria

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Evidence weight

0.45

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.26 × 0.4 = 0.10
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.