Economics at your fingertips  

Does Exchange Rate Affect Remittances in Nigeria?

Ebenezer Olubiyi () and Kubrat O. Kehinde

The Review of Finance and Banking, 2015, vol. 07, issue 1, 031-045

Abstract: The size and rate of remittances to Nigeria are remarkable. However, theories do not unanimously pin down the effects of exchange rate on remittances. Employing a simple choice-theoretical model, it was discovered that real exchange rate impacted negatively on remittances. This implies that an expected depreciation of the real exchange rate which signals adverse economic conditions back home dwarfs remittance inflows. Thus, although altruism mostly dictates remittances to Nigeria, self-interest or returns-seeking motive is also important.

Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link) Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

The Review of Finance and Banking is currently edited by Victor Dragota; Bogdan Negrea

More articles in The Review of Finance and Banking from Academia de Studii Economice din Bucuresti, Romania / Facultatea de Finante, Asigurari, Banci si Burse de Valori / Catedra de Finante Strada Mihai Eminescu nr.13-15, sector 1, Bucuresti, Romania. Contact information at EDIRC.
Bibliographic data for series maintained by Tatu Lucian ().

Page updated 2022-08-08
Handle: RePEc:rfb:journl:v:07:y:2015:i:1:p:031-045