Analyzing the Relationship between Interest Rate and External Reserves in Nigeria: a Cointegration Approach

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dc.contributor.authorNjoroge, Machupa
dc.date.accessioned2023-06-27T12:33:59Z
dc.date.available2023-06-27T12:33:59Z
dc.date.issued2023
dc.descriptionArticleen_US
dc.description.abstractNigeria's economy is heavily reliant on the oil industry, making external reserves and interest rates crucial indicators of economic stability and development. This paper examines the long-term relationship between interest rates and external reserves in Nigeria using cointegration analysis. The study finds a significant long-term relationship between the two variables and suggests that external reserves have a causal relationship with interest rates, indicating that external reserves are a crucial determinant of interest rates in Nigeria. The findings have important implications for policymakers in Nigeria, highlighting the importance of maintaining a stable external reserve to ensure economic stability and growth.en_US
dc.identifier.citationMachupa Njoroge, . (2023). ANALYZING THE RELATIONSHIP BETWEEN INTEREST RATE AND EXTERNAL RESERVES IN NIGERIA: A COINTEGRATION APPROACH. The American Journal of Interdisciplinary Innovations and Research, 5(05), 01–03. https://doi.org/10.37547/tajiir/Volume05Issue05-01en_US
dc.identifier.urihttps://doi.org/10.37547/tajiir/Volume05Issue05-01
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/26002
dc.language.isoenen_US
dc.publisherThe USA Journalsen_US
dc.subjectNigeriaen_US
dc.subjectinterest rateen_US
dc.subjectexternal reservesen_US
dc.subjectcointegration analysisen_US
dc.subjecteconomic stabilityen_US
dc.subjectoil industryen_US
dc.titleAnalyzing the Relationship between Interest Rate and External Reserves in Nigeria: a Cointegration Approachen_US
dc.typeArticleen_US
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