• Economics
  • Published 2015

Dollarization, Inflation and Interest Rate in Nigeria

@inproceedings{Olayungbo2015DollarizationIA,
  title={Dollarization, Inflation and Interest Rate in Nigeria},
  author={D. O. Olayungbo and Kehinde T. Ajuwon},
  year={2015}
}
This paper investigates the relationship among dollarization, inflation and interest rate in Nigeria for the period 1986-2015Q1. It adopts inter-temporal model of money-in-utility (MIU) with an estimation technique of structural vector autoregression (SVAR). Empirical evidence shows that dollarization index has been on the increase in Nigeria since 1994, despite stable and low inflation and interest rate. Results of the cointegration show long run equilibrium among dollarisation, inflation and… CONTINUE READING

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