“The Effect of Exchange Rate on Inflation, GDP, and Interest Rate, A Case Study of Central Bank of Nigeria:- Jobson Kingsley N
ABSTRACT
The
main objective ofthe study is to verify the effect of exchange rate on
inflation, GDP and interest rate in Nigeria from 1990 to 2012. Regression and
Correlation analysis was used to verify the impact of exchange rate on
inflation, GDP, interest rate and also ascertain their degree of relationship
with each other. From the analysis done, we saw that there is a significant
relationship between GDP and exchange rate as their correlation coefficient was
0.796 while there appeared to be a negative relationship between exchange rate
with each of inflation and interest rate since their correlation coefficient
was - 0.509 and -0.507 respectively. From the regression analysis, we saw that
a unit change in inflation and interest rate are not significantly affected by
change in exchange rate as the /?0 value were -0.1674 and -0.0238 respectively
while there appeared to be a positive change in GDP for a unit change in
exchange rate as the value was positive (i.e. 178609).
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JOBSON, N (2024). “The Effect of Exchange Rate on Inflation, GDP, and Interest Rate, A Case Study of Central Bank of Nigeria:- Jobson Kingsley N. Repository.mouau.edu.ng: Retrieved Sep 07, 2024, from https://repository.mouau.edu.ng/work/view/the-effect-of-exchange-rate-on-inflation-gdp-and-interest-rate-a-case-study-of-central-bank-of-nigeria-jobson-kingsley-n-7-2
NDUBUISI, JOBSON. "“The Effect of Exchange Rate on Inflation, GDP, and Interest Rate, A Case Study of Central Bank of Nigeria:- Jobson Kingsley N" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 25 Jun. 2024, https://repository.mouau.edu.ng/work/view/the-effect-of-exchange-rate-on-inflation-gdp-and-interest-rate-a-case-study-of-central-bank-of-nigeria-jobson-kingsley-n-7-2. Accessed 07 Sep. 2024.
NDUBUISI, JOBSON. "“The Effect of Exchange Rate on Inflation, GDP, and Interest Rate, A Case Study of Central Bank of Nigeria:- Jobson Kingsley N". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 25 Jun. 2024. Web. 07 Sep. 2024. < https://repository.mouau.edu.ng/work/view/the-effect-of-exchange-rate-on-inflation-gdp-and-interest-rate-a-case-study-of-central-bank-of-nigeria-jobson-kingsley-n-7-2 >.
NDUBUISI, JOBSON. "“The Effect of Exchange Rate on Inflation, GDP, and Interest Rate, A Case Study of Central Bank of Nigeria:- Jobson Kingsley N" Repository.mouau.edu.ng (2024). Accessed 07 Sep. 2024. https://repository.mouau.edu.ng/work/view/the-effect-of-exchange-rate-on-inflation-gdp-and-interest-rate-a-case-study-of-central-bank-of-nigeria-jobson-kingsley-n-7-2