@incollection{, A1C4B7EBF6B95CA518E0677EBBC56975 , author={{Ali UmarAhmad} and {SurayaIsmail} and {SibaDayyabu} and {Ahmad AzrinAdnan} and {Ibrahim SamboFarouq} and {Aminu HassanJakada}}, journal={{Global Journal of Management and Business Research}}, journal={{GJMBR}}2249-45880975-585310.34257/GJMBR, address={Cambridge, United States}, publisher={Global Journals Organisation}2061729 } @book{b0, , title={{An Evaluation of Foreign Exchange Intervention in Nigeria}} , author={{ MAAdebiyi }} , year={2007. 1986-2003} , note={MPRA Paper No 3817} } @book{b1, , title={{Causes and effects of foreign exchange interventions for the Turkish economy. Central Bank of the Republic of Turkey Research Department Working Paper}} , author={{ OAkinci } and { OYCulha } and { ÜÖzlale } and { G?ahinbeyo?lu }} , year={2005} 5 } @book{b2, , title={{CBN Defend Naira with $18.7bn. Punch}} , author={{ AAlawiye }} , year={2013. November 8} } @book{b3, , title={{Impact of Oil Price Shock and Exchange Rate Volatility on Economic Growth in Nigeria: An Empirical Investigation (No. 16319)}} , author={{ SU RAliyu }} , year={2009} , address={Germany} . University Library of Munich } @incollection{b4, , title={{The Monetary Approach to Balance of Payments: A Review of the Seminal Long-Run Empirical Research}} , author={{ KArdalan }} , journal={{Journal of Economics and Economic Education Research}} 6 1 37 , year={2004} } @incollection{b5, , title={{Threshold Cointegration}} , author={{ NSBalke } and { TBFomby }} , journal={{International Economic Review}} 38 3 , year={1997} } @incollection{b6, , title={{How to move the exchange rate if you must: The diverse practice of foreign exchange intervention by central banks and a proposal for doing it better}} , author={{ KBasu } and { AVaroudakis }} , booktitle={{World Bank Policy Research Working Paper}} , year={2013} } @incollection{b7, , title={{Central Bank Intervention and Exchange Rate Volatility, It is Continuous and Jumps Components}} , author={{ HBehera } and { MBeine } and { JLahaye } and { SLaurent } and { CJNeely } and { FCPalm }} , journal={{International Journal of Finance & Economics}} 12 2 , year={2007} } @incollection{b8, , title={{Monetary Policy Actions, Intervention, and Exchange Rates: A Reexamination of the Empirical Relationships Using Federal Funds Rate Target Data*}} , author={{ CBonser-Neal } and { VVRoley } and { Sellon } and { GHJr }} , journal={{The Journal of Business}} 71 2 , year={1998} } @incollection{b9, , title={{Nonparametric Tests for Unit Roots and Cointegration}} , author={{ JBreitung }} , journal={{Journal of Econometrics}} 108 2 , year={2002} } @incollection{b10, , title={{Pitfalls And Opportunities: What Macroeconomists Should Know About Unit Roots}} , author={{ JYCampbell } and { PPerron }} , booktitle={{NBER Macroeconomics Annual}} , publisher={MIT Press} , year={1991. 1991} } @book{b11, , title={{Central Bank of Nigeria Statistical Bulletin (Various years)}} } @incollection{b12, , title={{The Microstructure of Exchange Rate Management: FX Intervention and Capital Controls in Brazil}} , author={{ CDe Roure } and { SFurnagiev } and { SReitz }} , journal={{Applied Economics}} 47 , year={2015} } @incollection{b13, , title={{The power problems of unit root test in time series with autoregressive errors}} , author={{ DNDejong } and { JCNankervis } and { NESavin } and { CHWhiteman }} , journal={{Journal of Econometrics}} 53 1 , year={1992} } @incollection{b14, , title={{A new statistic and practical guidelines for nonparametric Granger causality testing}} , author={{ CDiks } and { VPanchenko }} , journal={{Journal of Economic Dynamics and Control}} 30 9 , year={2006} } @incollection{b15, , title={{The Effectiveness of Foreign Exchange Intervention in Emerging Market Countries: Evidence from the Czech koruna}} , author={{ PDisyatat } and { GGalati }} , journal={{Journal of International Money and Finance}} 26 3 , year={2007} } @incollection{b16, , title={{Is There Room for Foreign Exchange Interventions under an Inflation Targeting Framework? Evidence from Mexico and Turkey. Evidence from Mexico and Turkey}} , author={{ IDomaç } and { AMendoza }} , booktitle={{World Bank Policy Research Working Paper}} , year={2004. April 22. 2004} } @incollection{b17, , title={{Central Bank Intervention and Exchange Rate Volatility}} , author={{ KMDominguez }} , journal={{Journal of International Money and Finance}} 17 1 , year={1998} } @incollection{b18, , title={{The Market Microstructure of Central Bank Intervention}} , author={{ KMDominguez }} , journal={{Journal of International Economics}} 59 1 , year={2003} } @book{b19, , title={{The Effectiveness of Central Bank Intervention: A Survey of Literature after 1982, Special Papers in International Economics, International Finance Section}} , author={{ JHEdison }} , year={1993} , address={Princeton, New Jersey, USA} Department of Economics Princeton University } @incollection{b20, , title={{Cointegration and Threshold Adjustment}} , author={{ WEnders } and { PLSiklos }} , journal={{Journal of Business & Economic Statistics}} 19 2 , year={2001} } @incollection{b21, , title={{Cointegration and error correction: representation, estimation, and testing}} , author={{ RFEngle } and { CWGranger }} , journal={{Econometrica: journal of the Econometric Society}} , year={1987} } @incollection{b22, , title={{Official Japanese Intervention in the JPY/USD Exchange Rate Market: Is It Effective and Through Which Channel Does It Work?}} , author={{ RFatum }} , journal={{EPRU Working Paper Series}} , year={2009. 2009-02} } @incollection{b23, , title={{Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan}} , author={{ RFatum } and { MHutchison }} , journal={{Journal of International Money and Finance}} 25 2 , year={2006} } @incollection{b24, , title={{Tests of Monetary and Portfolio Balance Models of Exchange Rate Determination}} , author={{ JAFrankel }} , booktitle={{Exchange Rate Theory and Practice}} , publisher={University of Chicago Press} , year={1984} } @incollection{b25, , title={{The effects of Japanese foreign exchange market interventions on the yen/US dollar exchange rate volatility}} , author={{ MFrenkel } and { CPierdzioch } and { GStadtmann }} , journal={{International Review of Economics & Finance}} 14 1 , year={2005} } @incollection{b26, , title={{Currency intervention: A Case Study of an Emerging Market}} , author={{ RAFry-Mckibbin } and { SWanaguru }} , journal={{Journal of International Money and Finance}} 37 , year={2013} , note={C} } @incollection{b27, , title={{The Empirics of Foreign Exchange Intervention in Emerging Market Countries: the Cases of Mexico and Turkey}} , author={{ RobertoFGuimaraes } and { CemKaracadag }} , journal={{IMF Working Paper}} 04 123 , year={2004} , publisher={International Monetary Fund} } @incollection{b28, , title={{}} , journal={{International Financial Statistics (IFS)}} } @incollection{b29, , title={{Statistical Analysis of Cointegrating Vectors}} , author={{ SJohansen }} , journal={{Journal of Economic Dynamics and Control}} 12 2/3 , year={1988} } @incollection{b30, , title={{Estimation and Hypothesis Testing of Cointegrating Vectors in Gaussian Vector Autoregressive Models}} , author={{ SJohansen }} , journal={{Econometrica}} 59 , year={1991} } @incollection{b31, , title={{Maximum Likelihood Estimation and Inference on Cointegration-with applications to the demand for money}} , author={{ SJohansen } and { Juselius } and { K }} , journal={{Oxford Bulletin of Economics and Statistics}} 52 2 , year={1990} } @incollection{b32, , title={{Does foreign exchange intervention signal future monetary policy}} , author={{ GLKaminsky } and { KKLewis }} , journal={{Journal of Monetary Economics}} 37 2 , year={1996} } @book{b33, , title={{Long-Run Determinants of the Brazilian Real: A Closer Look at Commodities. Working Papers (314), Central Bank of Brazil}} , author={{ EKohlscheen }} , year={2013} , note={Research Department} } @book{b34, , title={{CBN Spends $4.7bn to Defend Naira}} , author={{ BKomolafe }} , year={2015. April 13} } @book{b35, , title={{Intervention in the Foreign Exchange Market and Exchange Rates in}} , author={{ YKurihara }} , editor={Japan. ? ?????} , year={2011} } @incollection{b36, , title={{Asymmetric effects of FOREX intervention using intraday data: evidence from Peru}} , author={{ ELahura } and { MVega }} , booktitle={{Bank for International Settlements}} , year={2013} } @incollection{b37, , title={{Which lag length selection criteria should we employ?}} , author={{ VK SLiew }} , journal={{Economics Bulletin}} 3 33 , year={2004} } @incollection{b38, , title={{Central Bank Intervention in the Foreign Exchange Market and Exchange Rate Volatility: Evidence from Pakistan}} , author={{ MN JMehdi } and { WIqbal } and { JSheikh } and { SDeen }} , journal={{Interdisciplinary Journal of Contemporary Research in Business}} 3 12 , year={2012} } @incollection{b39, , title={{Impact of Foreign Exchange Interventions on Exchange Rate Expectations}} , author={{ KMiyajima } and { CMontoro }} , journal={{BIS Papers Chapters}} 73 , year={2013} } @book{b40, , title={{}} , author={{ SMohamad } and { IYussof }} , year={2009. 2009} } @book{b41, , title={{Malaysia"s Economy: Past, Present, and Future}} Kuala Lumpur, Malaysia , publisher={Malaysian Strategic Research Centre} , note={1st edition} } @incollection{b42, , title={{The Theory of Exchange Rate Determination}} , author={{ MLMussa }} , booktitle={{Exchange Rate Theory and Practice}} , publisher={University of Chicago Press} , year={1984} } @incollection{b43, , title={{The Impact of Central Bank's intervention in the foreign exchange market on the Exchange Rate: The case of Zambia}} , author={{ KMwansa }} , booktitle={{Doctoral dissertation, Munich Personal RePEc Archive (MPRA)}} , year={2009. 1995-2008} } @incollection{b44, , title={{Foreign Exchange Market Intervention}} , author={{ VNewman } and { CPotter } and { MWright }} , journal={{RBA Bulletin}} , year={2011} } @book{b45, , title={{The battle to save Naira may be extended, Complex. The Nation}} , author={{ CNweze }} , year={2015. February 24} } @book{b46, , title={{Overview of Exchange Rate Management in Nigeria from 1986 to Date. Bullion Publication of the Central Bank of Nigeria}} , author={{ MIObadan }} , year={2006} 3 } @incollection{b47, , title={{Foreign Exchange Intervention and Monetary Aggregates: Nigerian Evidence}} , author={{ JAOmojolaibi } and { ADGbadebo }} , journal={{International Journal of Economics, Commerce, and Management United Kingdom}} II , year={2014} } @incollection{b48, , title={{Financial Integration of GCC Capital Markets: Evidence of Nonlinear Cointegration}} , author={{ IbrahimOnour }} , journal={{Afro-Asian Journal of Finance and Accounting}} 1 3 , year={2008} , note={Published in} } @incollection{b49, , title={{Econometric Analysis of the Nexus of Exchange Rate Deregulation and Agricultural Share of Gross Domestic Product in Nigeria. AGRIS on-line}} , author={{ OOyinbo } and { GZRekwot }} , journal={{Papers in Economics and Informatics}} 6 1 , year={2014} } @book{b50, , title={{The Effectiveness of Intervention in India: An Empirical Assessment. Reserve Bank of India Occasional Papers}} , author={{ SPattanaik } and { SSahoo }} , year={2001} 22 } @incollection{b51, , title={{FX intervention in the Yen-US dollar market: a coordination channel perspective}} , author={{ SReitz } and { MPTaylor }} , journal={{International Economics and Economic Policy}} 9 2 , year={2012} } @book{b52, , title={{Exchange Rate Mechanism: The Current Nigerian Experience. A Luncheon Organised By Nigerian-British Chamber of Commerce}} , author={{ JOSanusi }} , year={2004} } @incollection{b53, , title={{Official Intervention in the Foreign Exchange Market: Is It Effective and, If So, How Does It Work}} , author={{ LSarno } and { MPTaylor }} , journal={{Journal of Economic Literature}} 39 , year={2001} } @book{b54, , title={{Sterilised Foreign Exchange Market Interventions in a Chartist-Fundamentalist Exchange Rate Model}} , author={{ RSchmidt } and { TWollmershäuser }} , year={2004} } @incollection{b55, , title={{A Structural Break in the Effects of Japanese Foreign Exchange Intervention on yen/dollar Exchange Rate Volatility}} , author={{ GSchnabl } and { EHillebrand }} , journal={{Journal of International Economic Policy}} 5 , year={2008} } @book{b56, , title={{The Effectiveness Of Central Bank Interventions in the Foreign Exchange Market, Doctoral Dissertation}} , author={{ DASeerattan }} , year={2012} , address={Brunel} School Of Social Sciences Theses, Brunel University } @incollection{b57, , title={{Central Bank Intervention and Foreign Exchange Markets}} , author={{ DSeerattan } and { NSpagnolo }} , journal={{Applied Financial Economics}} 19 17 , year={2009} } @incollection{b58, , title={{Floating Exchange Rates after Ten years}} , author={{ JRShafer } and { BELoopesko }} , journal={{Brookings Papers on Economic Activity}} 14 1 , year={1983} } @book{b59, , title={{Financial Sector Reforms and Monetary Policy in Zambia}} , author={{ MSimatele }} , year={2003} , address={Sweden} University of Goteborg , note={Ph.D. Thesis} } @incollection{b60, , title={{Money, Income, and Causality}} , author={{ CASims }} , journal={{The American Economic Review}} 62 4 , year={1972} } @book{b61, , title={{The Effectiveness of Official Intervention in Foreign Exchange Market In}} , author={{ KSimwaka }} , editor={Malawi. MPRA} , year={2006. 1123} } @incollection{b62, , title={{The Efficacy of Foreign Exchange Market Intervention in Malawi}} , author={{ KSimwaka } and { LMkandawire }} , journal={{African Journal of Economic Policy}} 1 15 , year={2011} } @incollection{b63, , title={{The Efficacy of Official Intervention in the Foreign Exchange Market in Malawi}} , author={{ KSimwaka } and { LMkandawire }} , journal={{African Development Review}} 24 2 , year={2012} } @book{b64, , title={{Measuring Exchange Market Pressure and Central Bank Intervention. Bank of Finland Studies Working Paper No. E}} , author={{ MSpolander }} , year={1999} 17 } @book{b65, , title={{Threshold Cointegration: Overview and Implementation in R}} , author={{ MStigler }} , year={2010} , note={Working paper} } @incollection{b66, , title={{Non-linear causality between the stock and real estate markets of Western European countries: Evidence from rank tests}} , author={{ CWSu }} , journal={{Economic Modelling}} 28 3 , year={2011} } @incollection{b67, , title={{The savingsgrowth nexus in Malaysia: Evidence from the nonparametric analysis}} , author={{ CFTang } and { SYChua }} , journal={{ICFAI Journal of Financial Economics}} 7 3 , year={2009} } @incollection{b68, , title={{The Economics of Exchange Rates}} , author={{ MPTaylor }} , journal={{Journal of Economic Literature}} 33 , year={1995} } @book{b69, , title={{155 Intervention in foreign exchange markets: the approach of the Reserve Bank of India}} , author={{ HVargas ................. } and { AGonzález ................. } and { DRodríguez ................. }} , editor={Csaba Balogh, Áron Gereben, Ferenc Karvalits and György Pulai...} , year={2013} 95 , note={Foreign exchange intervention in Colombia} } @book{b70, , title={{Foreign exchange intervention and sterilization: an investigation of State Bank of Pakistan"s Reaction Function}} , author={{ MWaheed }} , year={2010} } @incollection{b71, , title={{Exchange Rate Pass-Through to Domestic Prices in Nigeria: An Empirical Investigation}} , author={{ A; GZubair } and { AROkorie } and { Sanusi }} , journal={{Economic and Financial Review}} 51 1 , year={2013. March} }