Empirical investigation of internal and external shocks on exchange rate volatility in Nigeria

Inhaltsverzeichnis (Table of Contents)

• Chapter One: Introduction
• 1.1 Background of the Study
• 1.2 Statement of the Problem
• 1.3 Objectives of the Study
• 1.4 Research Questions
• 1.5 Scope of the Study
• 1.6 Significance of the Study
• 1.7 Limitations of the Study
• 1.8 Organization of the Study
• Chapter Two: Literature Review
• 2.1 Theoretical Framework
• 2.2 Empirical Literature Review
• Chapter Three: Research Methodology
• 3.1 Model Specification
• 3.2 Data and Sources
• 3.3 Data Analysis
• 3.4 Model Estimation
• Chapter Four: Presentation and Analysis of Empirical Findings
• 4.1 Data Description and Analysis
• 4.2 Model Estimation and Results
• 4.3 Discussions of Findings
• Chapter Five: Summary, Policy Implications, Conclusions and Recommendations

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This research investigates the impact of both internal and external shocks on exchange rate volatility in Nigeria, using the GARCH (1 1) volatility forecasting technique. The study aims to identify the sources of these shocks and assess their contribution to exchange rate fluctuations. Key themes explored include:

• Exchange rate volatility in Nigeria
• Internal and external shocks to the exchange rate
• The GARCH (1 1) model and its application in volatility forecasting
• Policy implications for managing exchange rate volatility

Zusammenfassung der Kapitel (Chapter Summaries)

Chapter One: Introduction

This chapter sets the stage for the research by introducing the background, problem statement, objectives, research questions, scope, significance, limitations, and organization of the study.

Chapter Two: Literature Review

This chapter delves into the theoretical framework and empirical literature related to exchange rate volatility. It examines existing models and studies that have investigated the impact of internal and external shocks on exchange rate fluctuations.

Chapter Three: Research Methodology

This chapter outlines the methodology used in the study, including the model specification, data sources, data analysis, and model estimation techniques. It focuses on the GARCH (1 1) model and its application in volatility forecasting.

Chapter Four: Presentation and Analysis of Empirical Findings

This chapter presents and analyzes the empirical findings of the study, including data description, model estimation results, and discussions of the findings.

Schlüsselwörter (Keywords)

The study focuses on key concepts like exchange rate volatility, internal and external shocks, the GARCH (1 1) model, volatility forecasting, and policy implications for managing exchange rate fluctuations in Nigeria.