文章基本信息

标题：Would Exchange Rate Converge in Nigeria?A Stochastic-Markov Transition Process Analysis
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作者：Ifeoma Christy Mba ; Emmanuel I. Mba ; Chiekwe G. Aneke 等
期刊名称：Journal of Economics and Sustainable Development
印刷版ISSN：2222-2855
电子版ISSN：2222-2855
出版年度：2013
卷号：4
期号：16
页码：191-195
语种：English
出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：This paper examined if the Nigerian exchange rate would converge in the long run thereby looking at the exchange rate switches or transition from a particular state to another. This was done via the iterations of the Chapman-Kolmogorov equations of the Markov model, It was discovered that convergence occurred in the long run as shown by our markov model. It suggests that appreciation and depreciation of the naira via dollar rate would be stable as indicated by the probability values.
关键词：Markov; Transition probabilities; Exchange rate; Chapman-Kolmogorov