Foreign Exchange Rate Dynamics and the Nigerian Capital Market Performance

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dc.contributor.authorAbdullahi, Ibrahim Bello
dc.contributor.authorOloyin-Abdulhakeem, Bashirat Oluwafunke
dc.date.accessioned2021-02-17T11:44:00Z
dc.date.available2021-02-17T11:44:00Z
dc.date.issued2019
dc.description.abstractA stable foreign exchange and a well-regulated fiscal policy are crucial to a healthy and viable capital market performance of any nation. This study seeks to investigate the effects of foreign exchange rates dynamics on the Nigerian capital market performance. Secondary data sourced from the Nigerian stock exchange and the Central Bank of Nigeria Annual reports spanning from 1986 to 2015. The data obtained were subjected to both normality and co-integration tests. The study employed Vector Error Correction Model to investigate the impact of foreign exchange on the Nigerian capital market performance using market capitalization as the dependent variable and the official foreign exchange rate as the independent variable.en_US
dc.identifier.issn2408-6959
dc.identifier.urihttp://hdl.handle.net/123456789/4318
dc.language.isoenen_US
dc.publisherDepartments of Accounting & Finance and Business Administration, Fountain Universityen_US
dc.relation.ispartofseries4;1
dc.subjectCapitalizationen_US
dc.subjectexchange rate dynamicsen_US
dc.subjectinterest rateen_US
dc.subjectinflation rate and GDPen_US
dc.titleForeign Exchange Rate Dynamics and the Nigerian Capital Market Performanceen_US
dc.typeArticleen_US

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