The Role Of Foreign Exchange Market In Achieving A Realistic Exchange Rate For Naira
The remote cause of the problem that necessitated this study in perhaps, the chronic balance of payment deficit which the country has been experiencing since independent. An attempt to solve the problem through the use of exchange control measure ha not been quite successful rather, it has succeeded in bringing about on over valued naira the foreign exchange market as an implementation strategy of the structural adjustment programme introduced bid, the study seeks to investigate the role which the foreign exchange market has played in achieving a realistic exchange rate for naira, quite elaborately, there optima supported by existing literature are if the officials to the equibrium rate, if exchange rate adjustment are not accomplished by proportionate improvement in balance of trade cum-payment.
Some statistical tests are employed in the study this is the market equilibrum model used to date the equilibrium exchange rate out to be.
At the end of study, it was found out that the foreign exchange market failed to fulfill any of the above condition meaning that so far. It has not achieved a realistic exchange rate for naira.
TABLE OF CONTENTS
TABLE OF CONTENT
1.1 Background of the study
1.2 Statement of the study
1.3 Purpose of the study
1.4 Significance of study
1.5 Limitation of study
2.0 Review of related literature
3.0 Research design and the methodology
3.1 Sources of data (Secondary source only)
3.2 Location of data
3.3 Method of data collection (Literature work only
Recommendation and conclusion