April 2018
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13 Reads
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5 Citations
NBER Macroeconomics Annual
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April 2018
·
13 Reads
·
5 Citations
NBER Macroeconomics Annual
... The theoretical foundation of the study used is based on the interest rate monetary transmission mechanism that suggest a positive relationship between exchange rate and interest rate. The hypothesis maintains that any country that wants to depreciate its exchange rate by value has to reduce its interest rate by the right amount (See Blanchard, 2009Blanchard, , 2015Blanchard, , 2017. The justification for this consideration is based on the possibility of that lower interest rate can exert increase in investment which in turn can translate to industrial growth (Adeoye and Shobande, 2017and Anyanwu, Anawude and Okoye, 2017, CBN, 2016. ...
April 2018
NBER Macroeconomics Annual