Testing the theoretical proposition of exchange market pressure: The Nigerian experience

• Main Authors: Raji, Jimoh Olajide, Jusoh, Juzhar, Jantan, Mohd Dan
• Format: Article
• Language: English
• Published: SESRIC 2014
• Subjects: HB Economic Theory
• Online Access: http://repo.uum.edu.my/18833/1/JECD%2035%203%202014%2071-98.pdf; http://repo.uum.edu.my/18833/; http://www.sesric.org/jecd/jecd_articles/ART13081401-2.pdf

In this paper, monetary model of Exchange Market Pressure (EMP) is applied to Nigerian economy over the period 1970 to 2010.In support of the EMP propositions, dynamic ordinary least squares (DOLS) results reveal that domestic credit has stable significant negative relationship with exchange market...