Impact of Foreign Exchange Volatility on Imports: A Case of Nigerian Foreign Exchange Market (1987-2008)
This study uses time series data obtained from the Central Bank of Nigeria statistical bulletin to examine the impact of Foreign Exchange rate volatility on the changes of SITC imports value in Nigeria under the three foreign exchange market regime. The parametric test shows that no significant relationship exist between exchange rate shocks of Naira and US dollar on the changes of imports value under autonomous foreign exchange market, the period under this regime witnessed the introduction of parallel market which ensure stability and at the same time create distortion in the Foreign exchange market. Moderately positive and highly negative significant relationship were found to exist between exchange rate volatility and changes in SITC imports value under second-tier Foreign Exchange Market (SFEM) and Inter-Bank Foreign Exchange Market (IFEM) respectively. It is recommended that the foreign exchange rate should be allowed to fluctuate but such must equally be controlled to exist within a defined range of rate.
Abba Abubakar Shehu
School of Management,Wuhan University of Technology,Wuhan,P.R.China,430070
国际会议
The 7th International Conference on Innovation and Management(第七届创新与管理国际会议 ICIM 2010)
武汉
英文
2007-2013
2010-12-04（万方平台首次上网日期，不代表论文的发表时间）