EFFECT OF EXCHANGE RATE MANAGEMENT POLICIES ON DEVELOPING ECONOMIES
- Project Research
- 1-5 Chapters
- Quantitative
- Regression
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 5000
ABSTRACT
The foreign exchange management policy of an economy serves as one of the major factor that contributes to the economic development of such nation. To the federal government, FOREX is a very crucial resource for conducting international transaction; therefore, the government felt once earned should be judiciously managed. The extent of the effective management of exchange rate on import and export is what the project really examined. There came different era of, changes of foreign exchange management policies ranging from pre SAP period, SAP period and post SAP period with each having different effects on import and export trade. The project tends to answer how these different policies really affected the import and export trade of the Nigerian economy. The procedure for analyzing the collected data was transformed into a linear regression equation using the least square method and other hypothesis were carried out, in order to achieve the objective of the study. Following the outcome of the analysis and hypothesis tested, it shows that there is a direct relationship between foreign exchange rate policies and net export; it also shows that import and export trade of a developing economy depended greatly on the foreign exchange management policies at any particular period of focus. However, the conclusion reached was that, at any point, in time, increase in the export as a result of foreign exchange rate management policies has been able to promote economic growth and development, reduce inflation and also stabilize the exchange rate in the economy.
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