Bawa, Sani; Omotosho, Babatunde S.; Doguwa, Sani I. - In: CBN Journal of Applied Statistics 06 (2015) 2, pp. 19-37
This study examines the persistence of currency substitution in Nigeria by applying the Bounds testing approach to … as well as the ratchet variables are significant determinants of currency substitution in Nigeria, with the ratchet … variables having overarching influence in the long run. This indicates that currency substitution is persistent in Nigeria and …