D.O. Yinusa, “Exchange Rate Variability, Currency Substitution and Monetary Policy in Nigeria (1986-2001),” An Unpublished Ph.D Thesis, Depart Economics, Obafemi Awolowo University, Ile-Ife, Nigeria, 2005.

has been cited by the following article:

• TITLE: Effects of Exchange Rate Volatility on Trade in Some Selected Sub-Saharan African Countries

  AUTHORS: David Olayungbo, Olalekan Yinusa, Anthony Akinlo

  KEYWORDS: Exchange Rate Volatility, Trade, Sub-Saharan Africa

  JOURNAL NAME: Modern Economy, Vol.2 No.4, September 21, 2011

  ABSTRACT: The paper investigates the impact of exchange rate volatility on trade in 40 selected sub-Saharan African countries for the period 1986-2005. The study employs a gravity model with pooled ordinary least square (POLS) allowing for fixed effect and panel Generalized Method of Moments (GMM) techniques. The results of the analysis show that the net effect of exchange rate volatility on aggregate trade was positive using the two approaches. In the way the results show that there is not much difference between the impact of exchange rate volatility on primary and manufactured trade as well as between ECOWAS and non-ECOWAS countries. However, the results should be interpreted with caution as the history of exchange rate volatility is still relatively young compared with the developed countries.