Structural breaks in parallel markets?: the case of Nigeria, 1980-1993

被引：9

作者：

Ashworth, J

Evans, L

Teriba, A

机构：

[1] Univ Durham, Dept Econ, Durham DH1 3HY, England

[2] Lagos Business Sch, Lagos, Nigeria

来源：

JOURNAL OF DEVELOPMENT ECONOMICS | 1999年 / 58卷 / 01期

关键词：

parallel markets; structural breaks;

D O I：

10.1016/S0304-3878(98)00112-6

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper demonstrates the importance of allowing for structural breaks in the time-series when investigating the relationship between the official and the parallel markets in foreign exchange. Only when structural breaks are accounted for does a relationship emerge in Nigeria. We find that over the period 1980-1993, the official rate has Granger-caused the parallel rate. (C) 1999 Elsevier Science B.V, All rights reserved.

引用

页码：255 / 264

页数：10

共 26 条

[1] A CAUSAL-ANALYSIS OF BLACK AND OFFICIAL EXCHANGE-RATES - THE TURKISH CASE [J].