Kwara State University
Eunice OLUGANNA
Designation: Lecturer II
Department: Accounting and Finance
| My Publications | ||||||||
|---|---|---|---|---|---|---|---|---|
| S/N | Title | Abstract | Authors | Volume Numbers | Publication Type | Publication Date | Link | |
| 1 | Asymmetric exchange rate exposure of financial performance: Empirical evidence through ARDL and Nonlinear ARDL. |
The importance of the banking sector in the foreign exchange market cannot be overemphasized because of its central role in financial intermediation. However, exchange rate changes have greatly affected Nigerian banks' competitive position with other international banks. Hence, the need to examine the asymmetric exchange rate exposure of deposit money banks in Nigeria. Quarterly data spanning 2002-2018 were extracted and Autoregressive Distributed Lag (ARDL) and non-linear Autoregressive Distributed Lag are employed to check the symmetrical and asymmetrical effects. The empirical results indicate that deposit money banks are asymmetrical and exposed to exchange rate changes. Furthermore, inflation hinders bank performance both in the short run and long run. It was recommended that CBN need consistently be aware of the depreciation and appreciation of currency for each trading partner. Keywords: Financial performance, foreign exchange rate exposure, ARDL, nonlinear ARDL, | Oluganna E, Ijaiya, Olubiyi, E. | 5(1) | Fountain University Osogbo Journal of Management | 2020-08-12 | ||