Ajibola, Isaiah O.; Udoette, Sylvanus U.; Muhammad, Rabia A. - In: CBN Journal of Applied Statistics 11 (2020) 2, pp. 1-28
that domestic interest rate and expected changes in exchange rate are impor-tant determinants of currency substitution. In … addition, there is empirical supportfor a positive relationship between exchange rate volatility and currency substitu-tion … level of currency substitution. In view ofthese findings, the paper calls for sustained efforts by the monetary authority …