| viXra.org > Economics and Finance > 2106 |
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| viXra.org > Economics and Finance > 2106 |
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[3] viXra:2106.0154 [pdf] submitted on 2021-06-27 21:43:07
Authors: Garbobiya Tuwe Soro, Osman Nuri Aras
Comments: 10 Pages. [Corrections are made by viXra Admin to comply with the rules of viXra.org]
Given the volatile nature of the exchange rate in Nigeria and the dynamics in the external reserves of the nation which are kept in foreign currency (dollar), this paper examined the impact of exchange rate shocks on the Nigerian external reserves using annual data from 1980 to 2019. Employing the Autoregressive Distributed Lag model, the results of the study
indicates that exchange rate has an asymmetric impact on reserves, suggesting that the partial sum of exchange rate differ in magnitude and size relative to reserves in both positive and
negative direction. The impact of a positive shock in exchange rate on reserves is statistically significant while the effect of a
negative shock in exchange on reserve is statistically insignificant in the long-run. The same relationship holds for the short-run effect, although, both the positive and the
negative short-run effects are statistically insignificant. The study therefore recommends that monetary authority should strengthens the exchange rate by adopting a flexible exchange
floating and making it to thrives in order to boost reserves. Some of these policies could include allowing the market forces to determine the exchange rate and harmonizing the
exchange rate position of the country.
Category: Economics and Finance
[2] viXra:2106.0148 [pdf] submitted on 2021-06-25 21:55:29
Authors: Domenico Oricchio
Comments: 3 Pages. [Corrections are made by viXra Admin to comply with the rules of viXra.org]
A secure money transfer in a nation, using files, and without mining to reduce the energy consumption.
Category: Economics and Finance
[1] viXra:2106.0129 [pdf] submitted on 2021-06-23 18:37:42
Authors: Yuji Masuda
Comments: 1 Page. [Corrections made by viXra Admin to conform with scholarly norm]
Understanding the money created from barter is essential in economics.In economics, the purchase price is made up of the exchange fee (intermediate fee) and the product price, but the price posted on the product in many stores is easily misunderstood because it includes the exchange fee to make it easier for consumers to understand the price of the product.
Category: Economics and Finance
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