This study examines the long-run and short-run effects of exchange rate on stock market development in Nigeria over 1985:12009:4 using the Johansen cointegration tests. A bi-variate model was specified and empirical results show a significant positive stock market performance to exchange rate in the short-run and a significant negative stock market performance to exchange rate in the long-run. The Granger causality test shows a strong evidence that the causation runs from exchange rate to stock market performance; implying that variations in the Nigerian stock market is explained by exchange rate volatility. Keywords: Johansen Cointegration Tests; Granger Causality Test; Exchange Rate Volatility; Stock Market performance
This study is aimed at determining the role and contributions of the Nigerian stock market to nation...
The study evaluated the impact of domestic and global macroeconomic variables in explaining the move...
In spite of the vital role played by the stock exchange market in the overall national development, ...
This study examines the long-run and short-run effects of exchange rate on stock market development ...
This paper examined the long run and short run interactions between stock prices and exchange rate i...
This study examines the dynamic interaction between stock prices and the Naira-US$ exchange rate in ...
This paper investigates the impact and causal relationship between exchange rate movement and stock ...
This paper investigates the nature of dependence between stock prices and exchange rate in Nigeria ...
This study investigates volatility and Nigeria stock market performance as evidenced from exchange r...
This study examines critically the long-run macroeconomic determinants of stock market performance i...
The study examined the effects of exchange rate and interest rate on the Nigerian Stock Market using...
Purpose: The study aims to evaluate the impact of exchange rate volatility on the indicators of stoc...
Previous studies on price and exchange rate volatility have commonly focused on its effect on FDI an...
Purpose: This study investigates the influence of various macroeconomic factors, including the excha...
This study employed AR (k)-EGARCH (p, q) technique to examine the volatility in stock market and mac...
This study is aimed at determining the role and contributions of the Nigerian stock market to nation...
The study evaluated the impact of domestic and global macroeconomic variables in explaining the move...
In spite of the vital role played by the stock exchange market in the overall national development, ...
This study examines the long-run and short-run effects of exchange rate on stock market development ...
This paper examined the long run and short run interactions between stock prices and exchange rate i...
This study examines the dynamic interaction between stock prices and the Naira-US$ exchange rate in ...
This paper investigates the impact and causal relationship between exchange rate movement and stock ...
This paper investigates the nature of dependence between stock prices and exchange rate in Nigeria ...
This study investigates volatility and Nigeria stock market performance as evidenced from exchange r...
This study examines critically the long-run macroeconomic determinants of stock market performance i...
The study examined the effects of exchange rate and interest rate on the Nigerian Stock Market using...
Purpose: The study aims to evaluate the impact of exchange rate volatility on the indicators of stoc...
Previous studies on price and exchange rate volatility have commonly focused on its effect on FDI an...
Purpose: This study investigates the influence of various macroeconomic factors, including the excha...
This study employed AR (k)-EGARCH (p, q) technique to examine the volatility in stock market and mac...
This study is aimed at determining the role and contributions of the Nigerian stock market to nation...
The study evaluated the impact of domestic and global macroeconomic variables in explaining the move...
In spite of the vital role played by the stock exchange market in the overall national development, ...
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