You have no items in your shopping cart.
ABSTRACT
This study assessed the effects of exchange rate volatility on the Nigerian Stock Exchange. An evaluation of literature on exchange rate volatility and stock markets was conducted resulting into specification of an empirical model. This work applies the Johansen cointegration technique and error correction mechanism to investigate whether exchange rate exerts any influence or impact on the performance of Nigeria stock market. The main results of the paper show that exchange rate as a factor exerts significant impact on Nigerian stock market both in the short run and in the long run. In the short run, exchange rate has a positive significant impact on stock market performance in Nigeria. However, the results also show that the relationship is significantly negative in the long run. The research finding is supported by previous studies.
