id	sid	tid	token	lemma	pos
aeasj-360	1	1	copyright	copyright	NOUN
aeasj-360	1	2	©	©	PROPN
aeasj-360	1	3	cc	cc	PROPN
aeasj-360	1	4	-	-	PUNCT
aeasj-360	1	5	by	by	ADP
aeasj-360	1	6	-	-	PUNCT
aeasj-360	1	7	nc	nc	PROPN
aeasj-360	1	8	2019	2019	NUM
aeasj-360	1	9	,	,	PUNCT
aeasj-360	1	10	cribfb	cribfb	VERB
aeasj-360	1	11	|	|	ADV
aeasj-360	1	12	aesr	aesr	VERB
aeasj-360	1	13	american	american	PROPN
aeasj-360	1	14	economic	economic	PROPN
aeasj-360	1	15	&	&	CCONJ
aeasj-360	1	16	social	social	PROPN
aeasj-360	1	17	review	review	NOUN
aeasj-360	1	18	;	;	PUNCT
aeasj-360	1	19	vol	vol	NOUN
aeasj-360	1	20	.	.	PROPN
aeasj-360	1	21	5	5	NUM
aeasj-360	1	22	,	,	PUNCT
aeasj-360	1	23	no	no	INTJ
aeasj-360	1	24	.	.	NOUN
aeasj-360	1	25	2	2	NUM
aeasj-360	1	26	;	;	PUNCT
aeasj-360	1	27	2019	2019	NUM
aeasj-360	1	28	issn	issn	VERB
aeasj-360	1	29	2576	2576	NUM
aeasj-360	1	30	-	-	SYM
aeasj-360	1	31	1269	1269	NUM
aeasj-360	1	32	e	e	NOUN
aeasj-360	1	33	-	-	NOUN
aeasj-360	1	34	issn	issn	PROPN
aeasj-360	1	35	2576	2576	NUM
aeasj-360	1	36	-	-	SYM
aeasj-360	1	37	1277	1277	NUM
aeasj-360	1	38	published	publish	VERB
aeasj-360	1	39	by	by	ADP
aeasj-360	1	40	centre	centre	NOUN
aeasj-360	1	41	for	for	ADP
aeasj-360	1	42	research	research	NOUN
aeasj-360	1	43	on	on	ADP
aeasj-360	1	44	islamic	islamic	ADJ
aeasj-360	1	45	banking	banking	PROPN
aeasj-360	1	46	&	&	CCONJ
aeasj-360	1	47	finance	finance	PROPN
aeasj-360	1	48	and	and	CCONJ
aeasj-360	1	49	business	business	NOUN
aeasj-360	1	50	,	,	PUNCT
aeasj-360	1	51	usa	usa	PROPN
aeasj-360	1	52	21	21	NUM
aeasj-360	1	53	naira	naira	PROPN
aeasj-360	1	54	exchange	exchange	NOUN
aeasj-360	1	55	rate	rate	NOUN
aeasj-360	1	56	variation	variation	NOUN
aeasj-360	1	57	and	and	CCONJ
aeasj-360	1	58	nigeria	nigeria	PROPN
aeasj-360	1	59	economic	economic	ADJ
aeasj-360	1	60	growth	growth	NOUN
aeasj-360	1	61	:	:	PUNCT
aeasj-360	1	62	a	a	DET
aeasj-360	1	63	time	time	NOUN
aeasj-360	1	64	series	series	PROPN
aeasj-360	1	65	study	study	PROPN
aeasj-360	1	66	rev	rev	VERB
aeasj-360	1	67	canon	canon	NOUN
aeasj-360	1	68	charles	charles	PROPN
aeasj-360	1	69	ugochukwu	ugochukwu	PROPN
aeasj-360	1	70	okoro	okoro	PROPN
aeasj-360	1	71	,	,	PUNCT
aeasj-360	1	72	m.sc	m.sc	PROPN
aeasj-360	1	73	.	.	PROPN
aeasj-360	1	74	department	department	PROPN
aeasj-360	1	75	of	of	ADP
aeasj-360	1	76	accountancy	accountancy	NOUN
aeasj-360	1	77	ken	ken	PROPN
aeasj-360	1	78	saro	saro	NOUN
aeasj-360	1	79	-	-	PUNCT
aeasj-360	1	80	wiwa	wiwa	NOUN
aeasj-360	1	81	polytechnic	polytechnic	ADJ
aeasj-360	1	82	,	,	PUNCT
aeasj-360	1	83	bori	bori	PROPN
aeasj-360	1	84	rivers	river	NOUN
aeasj-360	1	85	state	state	PROPN
aeasj-360	1	86	,	,	PUNCT
aeasj-360	1	87	nigeria	nigeria	PROPN
aeasj-360	1	88	e-mail:cuokro50@gmail.com	e-mail:cuokro50@gmail.com	PROPN
aeasj-360	1	89	mrs	mrs	PROPN
aeasj-360	1	90	.	.	PROPN
aeasj-360	1	91	fortune	fortune	PROPN
aeasj-360	1	92	bella	bella	PROPN
aeasj-360	1	93	charles	charles	PROPN
aeasj-360	1	94	,	,	PUNCT
aeasj-360	1	95	m.sc	m.sc	PROPN
aeasj-360	1	96	.	.	PUNCT
aeasj-360	1	97	department	department	PROPN
aeasj-360	1	98	of	of	ADP
aeasj-360	1	99	banking	banking	NOUN
aeasj-360	1	100	and	and	CCONJ
aeasj-360	1	101	finance	finance	NOUN
aeasj-360	1	102	rivers	river	NOUN
aeasj-360	1	103	state	state	PROPN
aeasj-360	1	104	university	university	PROPN
aeasj-360	1	105	,	,	PUNCT
aeasj-360	1	106	nkpolu	nkpolu	PROPN
aeasj-360	1	107	oroworukwo	oroworukwo	PROPN
aeasj-360	1	108	,	,	PUNCT
aeasj-360	1	109	port	port	NOUN
aeasj-360	1	110	harcourt	harcourt	PROPN
aeasj-360	1	111	rivers	river	NOUN
aeasj-360	1	112	state	state	PROPN
aeasj-360	1	113	,	,	PUNCT
aeasj-360	1	114	nigeria	nigeria	PROPN
aeasj-360	1	115	abstract	abstract	ADV
aeasj-360	1	116	this	this	DET
aeasj-360	1	117	study	study	NOUN
aeasj-360	1	118	examined	examine	VERB
aeasj-360	1	119	the	the	DET
aeasj-360	1	120	effect	effect	NOUN
aeasj-360	1	121	of	of	ADP
aeasj-360	1	122	exchange	exchange	NOUN
aeasj-360	1	123	rate	rate	NOUN
aeasj-360	1	124	variation	variation	NOUN
aeasj-360	1	125	on	on	ADP
aeasj-360	1	126	nigeria	nigeria	PROPN
aeasj-360	1	127	economy	economy	NOUN
aeasj-360	1	128	.	.	PUNCT
aeasj-360	2	1	the	the	DET
aeasj-360	2	2	objective	objective	NOUN
aeasj-360	2	3	was	be	AUX
aeasj-360	2	4	to	to	PART
aeasj-360	2	5	investigate	investigate	VERB
aeasj-360	2	6	how	how	SCONJ
aeasj-360	2	7	naira	naira	NUM
aeasj-360	2	8	exchange	exchange	NOUN
aeasj-360	2	9	rate	rate	NOUN
aeasj-360	2	10	variations	variation	NOUN
aeasj-360	2	11	against	against	ADP
aeasj-360	2	12	key	key	ADJ
aeasj-360	2	13	currencies	currency	NOUN
aeasj-360	2	14	affect	affect	VERB
aeasj-360	2	15	the	the	DET
aeasj-360	2	16	country	country	NOUN
aeasj-360	2	17	’s	’s	PART
aeasj-360	2	18	real	real	ADJ
aeasj-360	2	19	gross	gross	ADJ
aeasj-360	2	20	domestic	domestic	ADJ
aeasj-360	2	21	product	product	NOUN
aeasj-360	2	22	.	.	PUNCT
aeasj-360	3	1	time	time	NOUN
aeasj-360	3	2	series	series	PROPN
aeasj-360	3	3	data	data	PROPN
aeasj-360	3	4	was	be	AUX
aeasj-360	3	5	sourced	source	VERB
aeasj-360	3	6	from	from	ADP
aeasj-360	3	7	central	central	ADJ
aeasj-360	3	8	bank	bank	PROPN
aeasj-360	3	9	of	of	ADP
aeasj-360	3	10	nigeria	nigeria	PROPN
aeasj-360	3	11	statistical	statistical	ADJ
aeasj-360	3	12	bulletin	bulletin	NOUN
aeasj-360	3	13	.	.	PUNCT
aeasj-360	4	1	real	real	ADJ
aeasj-360	4	2	gross	gross	ADJ
aeasj-360	4	3	domestic	domestic	ADJ
aeasj-360	4	4	products	product	NOUN
aeasj-360	4	5	were	be	AUX
aeasj-360	4	6	modeled	model	VERB
aeasj-360	4	7	as	as	ADP
aeasj-360	4	8	the	the	DET
aeasj-360	4	9	function	function	NOUN
aeasj-360	4	10	of	of	ADP
aeasj-360	4	11	united	united	PROPN
aeasj-360	4	12	state	state	PROPN
aeasj-360	4	13	commodity	commodity	NOUN
aeasj-360	4	14	currency	currency	NOUN
aeasj-360	4	15	,	,	PUNCT
aeasj-360	4	16	british	british	ADJ
aeasj-360	4	17	commodity	commodity	NOUN
aeasj-360	4	18	currency	currency	NOUN
aeasj-360	4	19	,	,	PUNCT
aeasj-360	4	20	japanese	japanese	ADJ
aeasj-360	4	21	yen	yen	NOUN
aeasj-360	4	22	currency	currency	NOUN
aeasj-360	4	23	,	,	PUNCT
aeasj-360	4	24	chinese	chinese	ADJ
aeasj-360	4	25	yen	yen	NOUN
aeasj-360	4	26	currency	currency	NOUN
aeasj-360	4	27	and	and	CCONJ
aeasj-360	4	28	french	french	ADJ
aeasj-360	4	29	franc	franc	NOUN
aeasj-360	4	30	currency	currency	NOUN
aeasj-360	4	31	.	.	PUNCT
aeasj-360	5	1	the	the	DET
aeasj-360	5	2	ordinary	ordinary	ADJ
aeasj-360	5	3	least	least	ADJ
aeasj-360	5	4	square	square	ADJ
aeasj-360	5	5	method	method	NOUN
aeasj-360	5	6	was	be	AUX
aeasj-360	5	7	used	use	VERB
aeasj-360	5	8	as	as	ADP
aeasj-360	5	9	data	datum	NOUN
aeasj-360	5	10	analysis	analysis	NOUN
aeasj-360	5	11	techniques	technique	NOUN
aeasj-360	5	12	.	.	PUNCT
aeasj-360	6	1	the	the	DET
aeasj-360	6	2	study	study	NOUN
aeasj-360	6	3	used	use	VERB
aeasj-360	6	4	cointegration	cointegration	NOUN
aeasj-360	6	5	,	,	PUNCT
aeasj-360	6	6	unit	unit	NOUN
aeasj-360	6	7	root	root	NOUN
aeasj-360	6	8	,	,	PUNCT
aeasj-360	6	9	and	and	CCONJ
aeasj-360	6	10	granger	granger	PROPN
aeasj-360	6	11	causality	causality	PROPN
aeasj-360	6	12	test	test	NOUN
aeasj-360	6	13	and	and	CCONJ
aeasj-360	6	14	error	error	NOUN
aeasj-360	6	15	correction	correction	NOUN
aeasj-360	6	16	estimate	estimate	VERB
aeasj-360	6	17	to	to	PART
aeasj-360	6	18	study	study	VERB
aeasj-360	6	19	the	the	DET
aeasj-360	6	20	dynamic	dynamic	ADJ
aeasj-360	6	21	effects	effect	NOUN
aeasj-360	6	22	of	of	ADP
aeasj-360	6	23	commodity	commodity	NOUN
aeasj-360	6	24	currencies	currency	NOUN
aeasj-360	6	25	on	on	ADP
aeasj-360	6	26	financial	financial	ADJ
aeasj-360	6	27	market	market	NOUN
aeasj-360	6	28	.	.	PUNCT
aeasj-360	7	1	the	the	DET
aeasj-360	7	2	study	study	NOUN
aeasj-360	7	3	found	find	VERB
aeasj-360	7	4	that	that	SCONJ
aeasj-360	7	5	naira	naira	PROPN
aeasj-360	7	6	exchange	exchange	NOUN
aeasj-360	7	7	rate	rate	NOUN
aeasj-360	7	8	variation	variation	NOUN
aeasj-360	7	9	with	with	ADP
aeasj-360	7	10	the	the	DET
aeasj-360	7	11	currencies	currency	NOUN
aeasj-360	7	12	can	can	AUX
aeasj-360	7	13	explain	explain	VERB
aeasj-360	7	14	65	65	NUM
aeasj-360	7	15	percent	percent	NOUN
aeasj-360	7	16	variation	variation	NOUN
aeasj-360	7	17	on	on	ADP
aeasj-360	7	18	nigerian	nigerian	ADJ
aeasj-360	7	19	real	real	ADJ
aeasj-360	7	20	gross	gross	ADJ
aeasj-360	7	21	domestic	domestic	ADJ
aeasj-360	7	22	products	product	NOUN
aeasj-360	7	23	while	while	SCONJ
aeasj-360	7	24	the	the	DET
aeasj-360	7	25	remaining	remain	VERB
aeasj-360	7	26	35	35	NUM
aeasj-360	7	27	percent	percent	NOUN
aeasj-360	7	28	estimation	estimation	NOUN
aeasj-360	7	29	can	can	AUX
aeasj-360	7	30	be	be	AUX
aeasj-360	7	31	traced	trace	VERB
aeasj-360	7	32	to	to	ADP
aeasj-360	7	33	external	external	ADJ
aeasj-360	7	34	variables	variable	NOUN
aeasj-360	7	35	not	not	PART
aeasj-360	7	36	included	include	VERB
aeasj-360	7	37	in	in	ADP
aeasj-360	7	38	the	the	DET
aeasj-360	7	39	model	model	NOUN
aeasj-360	7	40	.	.	PUNCT
aeasj-360	8	1	the	the	DET
aeasj-360	8	2	estimated	estimate	VERB
aeasj-360	8	3	f	f	NOUN
aeasj-360	8	4	-	-	PUNCT
aeasj-360	8	5	test	test	NOUN
aeasj-360	8	6	proved	prove	VERB
aeasj-360	8	7	that	that	SCONJ
aeasj-360	8	8	the	the	DET
aeasj-360	8	9	model	model	NOUN
aeasj-360	8	10	is	be	AUX
aeasj-360	8	11	fit	fit	ADJ
aeasj-360	8	12	while	while	SCONJ
aeasj-360	8	13	the	the	DET
aeasj-360	8	14	estimated	estimate	VERB
aeasj-360	8	15	dw	dw	PROPN
aeasj-360	8	16	statistics	statistics	PROPN
aeasj-360	8	17	found	find	VERB
aeasj-360	8	18	the	the	DET
aeasj-360	8	19	presence	presence	NOUN
aeasj-360	8	20	of	of	ADP
aeasj-360	8	21	positive	positive	ADJ
aeasj-360	8	22	serial	serial	ADJ
aeasj-360	8	23	autocorrelation	autocorrelation	NOUN
aeasj-360	8	24	among	among	ADP
aeasj-360	8	25	the	the	DET
aeasj-360	8	26	variables	variable	NOUN
aeasj-360	8	27	.	.	PUNCT
aeasj-360	9	1	the	the	DET
aeasj-360	9	2	estimated	estimate	VERB
aeasj-360	9	3	beta	beta	ADJ
aeasj-360	9	4	coefficient	coefficient	NOUN
aeasj-360	9	5	of	of	ADP
aeasj-360	9	6	the	the	DET
aeasj-360	9	7	variables	variable	NOUN
aeasj-360	9	8	revealed	reveal	VERB
aeasj-360	9	9	that	that	SCONJ
aeasj-360	9	10	commodity	commodity	NOUN
aeasj-360	9	11	currency	currency	NOUN
aeasj-360	9	12	of	of	ADP
aeasj-360	9	13	us	we	PRON
aeasj-360	9	14	;	;	PUNCT
aeasj-360	9	15	japanese	japanese	ADJ
aeasj-360	9	16	yen	yen	NOUN
aeasj-360	9	17	and	and	CCONJ
aeasj-360	9	18	chinese	chinese	ADJ
aeasj-360	9	19	yen	yen	NOUN
aeasj-360	9	20	have	have	VERB
aeasj-360	9	21	positive	positive	ADJ
aeasj-360	9	22	and	and	CCONJ
aeasj-360	9	23	significant	significant	ADJ
aeasj-360	9	24	effect	effect	NOUN
aeasj-360	9	25	on	on	ADP
aeasj-360	9	26	nigeria	nigeria	PROPN
aeasj-360	9	27	real	real	ADJ
aeasj-360	9	28	gross	gross	ADJ
aeasj-360	9	29	domestic	domestic	ADJ
aeasj-360	9	30	products	product	NOUN
aeasj-360	9	31	while	while	SCONJ
aeasj-360	9	32	british	british	ADJ
aeasj-360	9	33	pound	pound	NOUN
aeasj-360	9	34	and	and	CCONJ
aeasj-360	9	35	french	french	ADJ
aeasj-360	9	36	franc	franc	NOUN
aeasj-360	9	37	have	have	VERB
aeasj-360	9	38	negative	negative	ADJ
aeasj-360	9	39	effect	effect	NOUN
aeasj-360	9	40	on	on	ADP
aeasj-360	9	41	nigeria	nigeria	PROPN
aeasj-360	9	42	real	real	ADJ
aeasj-360	9	43	gross	gross	ADJ
aeasj-360	9	44	domestic	domestic	ADJ
aeasj-360	9	45	products	product	NOUN
aeasj-360	9	46	.	.	PUNCT
aeasj-360	10	1	from	from	ADP
aeasj-360	10	2	the	the	DET
aeasj-360	10	3	co	co	NOUN
aeasj-360	10	4	-	-	NOUN
aeasj-360	10	5	integration	integration	NOUN
aeasj-360	10	6	test	test	NOUN
aeasj-360	10	7	,	,	PUNCT
aeasj-360	10	8	we	we	PRON
aeasj-360	10	9	found	find	VERB
aeasj-360	10	10	at	at	ADP
aeasj-360	10	11	least	least	ADV
aeasj-360	10	12	two	two	NUM
aeasj-360	10	13	co	co	ADJ
aeasj-360	10	14	-	-	ADJ
aeasj-360	10	15	integrating	integrating	ADJ
aeasj-360	10	16	equation	equation	NOUN
aeasj-360	10	17	from	from	ADP
aeasj-360	10	18	the	the	DET
aeasj-360	10	19	trace	trace	NOUN
aeasj-360	10	20	test	test	NOUN
aeasj-360	10	21	and	and	CCONJ
aeasj-360	10	22	maximum	maximum	ADJ
aeasj-360	10	23	eigenvalue	eigenvalue	PROPN
aeasj-360	10	24	.	.	PUNCT
aeasj-360	11	1	the	the	DET
aeasj-360	11	2	granger	granger	PROPN
aeasj-360	11	3	causality	causality	PROPN
aeasj-360	11	4	test	test	NOUN
aeasj-360	11	5	found	find	VERB
aeasj-360	11	6	unidirectional	unidirectional	ADJ
aeasj-360	11	7	causality	causality	NOUN
aeasj-360	11	8	from	from	ADP
aeasj-360	11	9	real	real	ADJ
aeasj-360	11	10	gross	gross	ADJ
aeasj-360	11	11	domestic	domestic	ADJ
aeasj-360	11	12	products	product	NOUN
aeasj-360	11	13	to	to	ADP
aeasj-360	11	14	chinese	chinese	ADJ
aeasj-360	11	15	yen	yen	NOUN
aeasj-360	11	16	and	and	CCONJ
aeasj-360	11	17	from	from	ADP
aeasj-360	11	18	french	french	ADJ
aeasj-360	11	19	franc	franc	NOUN
aeasj-360	11	20	to	to	ADP
aeasj-360	11	21	real	real	ADJ
aeasj-360	11	22	gross	gross	ADJ
aeasj-360	11	23	domestic	domestic	ADJ
aeasj-360	11	24	products	product	NOUN
aeasj-360	11	25	.	.	PUNCT
aeasj-360	12	1	the	the	DET
aeasj-360	12	2	study	study	NOUN
aeasj-360	12	3	found	find	VERB
aeasj-360	12	4	that	that	SCONJ
aeasj-360	12	5	in	in	ADP
aeasj-360	12	6	the	the	DET
aeasj-360	12	7	long	long	ADJ
aeasj-360	12	8	run	run	NOUN
aeasj-360	12	9	,	,	PUNCT
aeasj-360	12	10	japanese	japanese	ADJ
aeasj-360	12	11	and	and	CCONJ
aeasj-360	12	12	chinese	chinese	ADJ
aeasj-360	12	13	yen	yen	NOUN
aeasj-360	12	14	and	and	CCONJ
aeasj-360	12	15	french	french	ADJ
aeasj-360	12	16	franc	franc	NOUN
aeasj-360	12	17	have	have	VERB
aeasj-360	12	18	negative	negative	ADJ
aeasj-360	12	19	long	long	ADJ
aeasj-360	12	20	run	run	NOUN
aeasj-360	12	21	effect	effect	NOUN
aeasj-360	12	22	on	on	ADP
aeasj-360	12	23	nigeria	nigeria	PROPN
aeasj-360	12	24	real	real	ADJ
aeasj-360	12	25	gross	gross	ADJ
aeasj-360	12	26	domestic	domestic	ADJ
aeasj-360	12	27	products	product	NOUN
aeasj-360	12	28	;	;	PUNCT
aeasj-360	12	29	while	while	SCONJ
aeasj-360	12	30	united	united	PROPN
aeasj-360	12	31	states	states	PROPN
aeasj-360	12	32	dollar	dollar	NOUN
aeasj-360	12	33	and	and	CCONJ
aeasj-360	12	34	british	british	ADJ
aeasj-360	12	35	pound	pound	PROPN
aeasj-360	12	36	sterling	sterling	NOUN
aeasj-360	12	37	have	have	VERB
aeasj-360	12	38	positive	positive	ADJ
aeasj-360	12	39	long	long	ADJ
aeasj-360	12	40	run	run	NOUN
aeasj-360	12	41	effect	effect	NOUN
aeasj-360	12	42	on	on	ADP
aeasj-360	12	43	nigeria	nigeria	PROPN
aeasj-360	12	44	gross	gross	ADJ
aeasj-360	12	45	domestic	domestic	ADJ
aeasj-360	12	46	products	product	NOUN
aeasj-360	12	47	.	.	PUNCT
aeasj-360	13	1	the	the	DET
aeasj-360	13	2	study	study	NOUN
aeasj-360	13	3	recommended	recommend	VERB
aeasj-360	13	4	amongst	amongst	ADP
aeasj-360	13	5	others	other	NOUN
aeasj-360	13	6	that	that	SCONJ
aeasj-360	13	7	monetary	monetary	ADJ
aeasj-360	13	8	and	and	CCONJ
aeasj-360	13	9	macroeconomic	macroeconomic	ADJ
aeasj-360	13	10	policies	policy	NOUN
aeasj-360	13	11	should	should	AUX
aeasj-360	13	12	be	be	AUX
aeasj-360	13	13	properly	properly	ADV
aeasj-360	13	14	articulated	articulate	VERB
aeasj-360	13	15	with	with	ADP
aeasj-360	13	16	an	an	DET
aeasj-360	13	17	impregnable	impregnable	ADJ
aeasj-360	13	18	feedback	feedback	NOUN
aeasj-360	13	19	loop	loop	NOUN
aeasj-360	13	20	,	,	PUNCT
aeasj-360	13	21	implemented	implement	VERB
aeasj-360	13	22	to	to	ADP
aeasj-360	13	23	the	the	DET
aeasj-360	13	24	letter	letter	NOUN
aeasj-360	13	25	,	,	PUNCT
aeasj-360	13	26	and	and	CCONJ
aeasj-360	13	27	a	a	DET
aeasj-360	13	28	quarterly	quarterly	ADJ
aeasj-360	13	29	examination	examination	NOUN
aeasj-360	13	30	of	of	ADP
aeasj-360	13	31	the	the	DET
aeasj-360	13	32	impact	impact	NOUN
aeasj-360	13	33	on	on	ADP
aeasj-360	13	34	the	the	DET
aeasj-360	13	35	naira	naira	NOUN
aeasj-360	13	36	should	should	AUX
aeasj-360	13	37	be	be	AUX
aeasj-360	13	38	regularly	regularly	ADV
aeasj-360	13	39	engaged	engage	VERB
aeasj-360	13	40	,	,	PUNCT
aeasj-360	13	41	evaluated	evaluate	VERB
aeasj-360	13	42	,	,	PUNCT
aeasj-360	13	43	interpreted	interpret	VERB
aeasj-360	13	44	and	and	CCONJ
aeasj-360	13	45	ensure	ensure	VERB
aeasj-360	13	46	that	that	SCONJ
aeasj-360	13	47	the	the	DET
aeasj-360	13	48	results	result	NOUN
aeasj-360	13	49	and	and	CCONJ
aeasj-360	13	50	possible	possible	ADJ
aeasj-360	13	51	remedial	remedial	ADJ
aeasj-360	13	52	action(s	action(s	NOUN
aeasj-360	13	53	)	)	PUNCT
aeasj-360	13	54	get	get	VERB
aeasj-360	13	55	to	to	ADP
aeasj-360	13	56	the	the	DET
aeasj-360	13	57	appropriate	appropriate	ADJ
aeasj-360	13	58	authority	authority	NOUN
aeasj-360	13	59	timeously	timeously	ADV
aeasj-360	13	60	so	so	SCONJ
aeasj-360	13	61	as	as	SCONJ
aeasj-360	13	62	to	to	PART
aeasj-360	13	63	ensure	ensure	VERB
aeasj-360	13	64	well	well	ADV
aeasj-360	13	65	informed	inform	VERB
aeasj-360	13	66	decision(s	decision(s	NOUN
aeasj-360	13	67	)	)	PUNCT
aeasj-360	13	68	.	.	PUNCT
aeasj-360	14	1	keywords	keyword	NOUN
aeasj-360	14	2	:	:	PUNCT
aeasj-360	14	3	naira	naira	NUM
aeasj-360	14	4	exchange	exchange	NOUN
aeasj-360	14	5	rate	rate	NOUN
aeasj-360	14	6	,	,	PUNCT
aeasj-360	14	7	nigeria	nigeria	PROPN
aeasj-360	14	8	economic	economic	ADJ
aeasj-360	14	9	growth	growth	NOUN
aeasj-360	14	10	,	,	PUNCT
aeasj-360	14	11	us	us	PROPN
aeasj-360	14	12	dollar	dollar	NOUN
aeasj-360	14	13	,	,	PUNCT
aeasj-360	14	14	british	british	ADJ
aeasj-360	14	15	pound	pound	PROPN
aeasj-360	14	16	sterling	sterling	NOUN
aeasj-360	14	17	,	,	PUNCT
aeasj-360	14	18	japanese	japanese	ADJ
aeasj-360	14	19	yen	yen	NOUN
aeasj-360	14	20	1	1	NUM
aeasj-360	14	21	.	.	PUNCT
aeasj-360	14	22	introduction	introduction	NOUN
aeasj-360	14	23	the	the	DET
aeasj-360	14	24	opinion	opinion	NOUN
aeasj-360	14	25	that	that	SCONJ
aeasj-360	14	26	exchange	exchange	NOUN
aeasj-360	14	27	rate	rate	NOUN
aeasj-360	14	28	management	management	NOUN
aeasj-360	14	29	can	can	AUX
aeasj-360	14	30	be	be	AUX
aeasj-360	14	31	used	use	VERB
aeasj-360	14	32	to	to	PART
aeasj-360	14	33	influence	influence	VERB
aeasj-360	14	34	nigeria	nigeria	PROPN
aeasj-360	14	35	macroeconomic	macroeconomic	ADJ
aeasj-360	14	36	performance	performance	NOUN
aeasj-360	14	37	can	can	AUX
aeasj-360	14	38	be	be	AUX
aeasj-360	14	39	traced	trace	VERB
aeasj-360	14	40	back	back	ADV
aeasj-360	14	41	to	to	ADP
aeasj-360	14	42	1960	1960	NUM
aeasj-360	14	43	when	when	SCONJ
aeasj-360	14	44	the	the	DET
aeasj-360	14	45	country	country	NOUN
aeasj-360	14	46	became	become	VERB
aeasj-360	14	47	politically	politically	ADV
aeasj-360	14	48	independent	independent	ADJ
aeasj-360	14	49	,	,	PUNCT
aeasj-360	14	50	even	even	ADV
aeasj-360	14	51	though	though	SCONJ
aeasj-360	14	52	the	the	DET
aeasj-360	14	53	central	central	ADJ
aeasj-360	14	54	bank	bank	PROPN
aeasj-360	14	55	of	of	ADP
aeasj-360	14	56	nigeria	nigeria	PROPN
aeasj-360	14	57	and	and	CCONJ
aeasj-360	14	58	the	the	DET
aeasj-360	14	59	federal	federal	PROPN
aeasj-360	14	60	ministry	ministry	PROPN
aeasj-360	14	61	of	of	ADP
aeasj-360	14	62	finance	finance	PROPN
aeasj-360	14	63	had	have	AUX
aeasj-360	14	64	come	come	VERB
aeasj-360	14	65	into	into	ADP
aeasj-360	14	66	being	be	AUX
aeasj-360	14	67	two	two	NUM
aeasj-360	14	68	years	year	NOUN
aeasj-360	14	69	earlier	early	ADV
aeasj-360	14	70	.	.	PUNCT
aeasj-360	15	1	ogiogio	ogiogio	PROPN
aeasj-360	15	2	(	(	PUNCT
aeasj-360	15	3	1996	1996	NUM
aeasj-360	15	4	)	)	PUNCT
aeasj-360	15	5	stated	state	VERB
aeasj-360	15	6	that	that	SCONJ
aeasj-360	15	7	the	the	DET
aeasj-360	15	8	management	management	NOUN
aeasj-360	15	9	of	of	ADP
aeasj-360	15	10	exchange	exchange	NOUN
aeasj-360	15	11	rate	rate	NOUN
aeasj-360	15	12	can	can	AUX
aeasj-360	15	13	be	be	AUX
aeasj-360	15	14	traced	trace	VERB
aeasj-360	15	15	to	to	ADP
aeasj-360	15	16	two	two	NUM
aeasj-360	15	17	divisions	division	NOUN
aeasj-360	15	18	/	/	SYM
aeasj-360	15	19	phases	phase	NOUN
aeasj-360	15	20	;	;	PUNCT
aeasj-360	15	21	pre	pre	ADJ
aeasj-360	15	22	-	-	ADJ
aeasj-360	15	23	structural	structural	ADJ
aeasj-360	15	24	adjustment	adjustment	NOUN
aeasj-360	15	25	era	era	NOUN
aeasj-360	15	26	of	of	ADP
aeasj-360	15	27	1960	1960	NUM
aeasj-360	15	28	-	-	SYM
aeasj-360	15	29	1985	1985	NUM
aeasj-360	15	30	and	and	CCONJ
aeasj-360	15	31	post	post	ADJ
aeasj-360	15	32	-	-	ADJ
aeasj-360	15	33	structural	structural	ADJ
aeasj-360	15	34	adjustment	adjustment	NOUN
aeasj-360	15	35	era	era	NOUN
aeasj-360	15	36	1986	1986	NUM
aeasj-360	15	37	till	till	SCONJ
aeasj-360	15	38	date	date	NOUN
aeasj-360	15	39	.	.	PUNCT
aeasj-360	16	1	central	central	ADJ
aeasj-360	16	2	bank	bank	PROPN
aeasj-360	16	3	of	of	ADP
aeasj-360	16	4	nigeria	nigeria	PROPN
aeasj-360	16	5	act	act	PROPN
aeasj-360	16	6	1959	1959	NUM
aeasj-360	16	7	as	as	SCONJ
aeasj-360	16	8	amended	amend	VERB
aeasj-360	16	9	empowered	empower	VERB
aeasj-360	16	10	cbn	cbn	PROPN
aeasj-360	16	11	to	to	PART
aeasj-360	16	12	safeguard	safeguard	VERB
aeasj-360	16	13	the	the	DET
aeasj-360	16	14	international	international	ADJ
aeasj-360	16	15	value	value	NOUN
aeasj-360	16	16	of	of	ADP
aeasj-360	16	17	nigeria	nigeria	PROPN
aeasj-360	16	18	currency	currency	NOUN
aeasj-360	16	19	,	,	PUNCT
aeasj-360	16	20	by	by	ADP
aeasj-360	16	21	formulating	formulate	VERB
aeasj-360	16	22	exchange	exchange	NOUN
aeasj-360	16	23	rate	rate	NOUN
aeasj-360	16	24	policies	policy	NOUN
aeasj-360	16	25	that	that	PRON
aeasj-360	16	26	will	will	AUX
aeasj-360	16	27	enhance	enhance	VERB
aeasj-360	16	28	the	the	DET
aeasj-360	16	29	realization	realization	NOUN
aeasj-360	16	30	of	of	ADP
aeasj-360	16	31	macroeconomic	macroeconomic	ADJ
aeasj-360	16	32	goals	goal	NOUN
aeasj-360	16	33	.	.	PUNCT
aeasj-360	17	1	nusrate	nusrate	NOUN
aeasj-360	17	2	(	(	PUNCT
aeasj-360	17	3	2008	2008	NUM
aeasj-360	17	4	)	)	PUNCT
aeasj-360	17	5	stated	state	VERB
aeasj-360	17	6	that	that	SCONJ
aeasj-360	17	7	the	the	DET
aeasj-360	17	8	exchange	exchange	NOUN
aeasj-360	17	9	rate	rate	NOUN
aeasj-360	17	10	is	be	AUX
aeasj-360	17	11	one	one	NUM
aeasj-360	17	12	of	of	ADP
aeasj-360	17	13	the	the	DET
aeasj-360	17	14	most	most	ADV
aeasj-360	17	15	important	important	ADJ
aeasj-360	17	16	policy	policy	NOUN
aeasj-360	17	17	variables	variable	NOUN
aeasj-360	17	18	,	,	PUNCT
aeasj-360	17	19	which	which	PRON
aeasj-360	17	20	determines	determine	VERB
aeasj-360	17	21	the	the	DET
aeasj-360	17	22	trade	trade	NOUN
aeasj-360	17	23	flows	flow	NOUN
aeasj-360	17	24	,	,	PUNCT
aeasj-360	17	25	capital	capital	NOUN
aeasj-360	17	26	flows	flow	VERB
aeasj-360	17	27	,	,	PUNCT
aeasj-360	17	28	foreign	foreign	ADJ
aeasj-360	17	29	direct	direct	ADJ
aeasj-360	17	30	investment	investment	NOUN
aeasj-360	17	31	,	,	PUNCT
aeasj-360	17	32	inflation	inflation	NOUN
aeasj-360	17	33	,	,	PUNCT
aeasj-360	17	34	international	international	PROPN
aeasj-360	17	35	reserve	reserve	NOUN
aeasj-360	17	36	and	and	CCONJ
aeasj-360	17	37	steady	steady	ADJ
aeasj-360	17	38	economic	economic	ADJ
aeasj-360	17	39	growth	growth	NOUN
aeasj-360	17	40	.	.	PUNCT
aeasj-360	18	1	many	many	ADJ
aeasj-360	18	2	economies	economy	NOUN
aeasj-360	18	3	,	,	PUNCT
aeasj-360	18	4	especially	especially	ADV
aeasj-360	18	5	african	african	ADJ
aeasj-360	18	6	countries	country	NOUN
aeasj-360	18	7	faced	face	VERB
aeasj-360	18	8	crisis	crisis	NOUN
aeasj-360	18	9	in	in	ADP
aeasj-360	18	10	1990s	1990	NOUN
aeasj-360	18	11	due	due	ADP
aeasj-360	18	12	to	to	PART
aeasj-360	18	13	miss	miss	VERB
aeasj-360	18	14	application	application	NOUN
aeasj-360	18	15	and	and	CCONJ
aeasj-360	18	16	bad	bad	ADJ
aeasj-360	18	17	choice	choice	NOUN
aeasj-360	18	18	of	of	ADP
aeasj-360	18	19	exchange	exchange	NOUN
aeasj-360	18	20	rate	rate	NOUN
aeasj-360	18	21	regime	regime	NOUN
aeasj-360	18	22	.	.	PUNCT
aeasj-360	19	1	however	however	ADV
aeasj-360	19	2	,	,	PUNCT
aeasj-360	19	3	there	there	PRON
aeasj-360	19	4	is	be	VERB
aeasj-360	19	5	no	no	DET
aeasj-360	19	6	consensus	consensus	NOUN
aeasj-360	19	7	in	in	ADP
aeasj-360	19	8	the	the	DET
aeasj-360	19	9	theoretical	theoretical	ADJ
aeasj-360	19	10	or	or	CCONJ
aeasj-360	19	11	empirical	empirical	ADJ
aeasj-360	19	12	literature	literature	NOUN
aeasj-360	19	13	about	about	ADP
aeasj-360	19	14	any	any	DET
aeasj-360	19	15	unique	unique	ADJ
aeasj-360	19	16	effect	effect	NOUN
aeasj-360	19	17	of	of	ADP
aeasj-360	19	18	the	the	DET
aeasj-360	19	19	exchange	exchange	NOUN
aeasj-360	19	20	rate	rate	NOUN
aeasj-360	19	21	volatility	volatility	NOUN
aeasj-360	19	22	on	on	ADP
aeasj-360	19	23	macroeconomic	macroeconomic	ADJ
aeasj-360	19	24	indicators	indicator	NOUN
aeasj-360	19	25	.	.	PUNCT
aeasj-360	20	1	copyright	copyright	NOUN
aeasj-360	20	2	©	©	PROPN
aeasj-360	20	3	cc	cc	PROPN
aeasj-360	20	4	-	-	PUNCT
aeasj-360	20	5	by	by	ADP
aeasj-360	20	6	-	-	PUNCT
aeasj-360	20	7	nc	nc	PROPN
aeasj-360	20	8	2019	2019	NUM
aeasj-360	20	9	,	,	PUNCT
aeasj-360	20	10	cribfb	cribfb	VERB
aeasj-360	20	11	|	|	ADV
aeasj-360	20	12	aesr	aesr	ADV
aeasj-360	20	13	www.cribfb.com/journal/index.php/aesr	www.cribfb.com/journal/index.php/aesr	VERB
aeasj-360	20	14	american	american	PROPN
aeasj-360	20	15	economic	economic	PROPN
aeasj-360	20	16	&	&	CCONJ
aeasj-360	20	17	social	social	PROPN
aeasj-360	20	18	review	review	PROPN
aeasj-360	20	19	vol	vol	NOUN
aeasj-360	20	20	.	.	PROPN
aeasj-360	21	1	5	5	NUM
aeasj-360	21	2	,	,	PUNCT
aeasj-360	21	3	no	no	INTJ
aeasj-360	21	4	.	.	NOUN
aeasj-360	21	5	2	2	NUM
aeasj-360	21	6	;	;	PUNCT
aeasj-360	21	7	2019	2019	NUM
aeasj-360	21	8	22	22	NUM
aeasj-360	21	9	the	the	DET
aeasj-360	21	10	role	role	NOUN
aeasj-360	21	11	of	of	ADP
aeasj-360	21	12	exchange	exchange	NOUN
aeasj-360	21	13	rate	rate	NOUN
aeasj-360	21	14	in	in	ADP
aeasj-360	21	15	any	any	DET
aeasj-360	21	16	economy	economy	NOUN
aeasj-360	21	17	is	be	AUX
aeasj-360	21	18	very	very	ADV
aeasj-360	21	19	significant	significant	ADJ
aeasj-360	21	20	as	as	SCONJ
aeasj-360	21	21	it	it	PRON
aeasj-360	21	22	directly	directly	ADV
aeasj-360	21	23	and	and	CCONJ
aeasj-360	21	24	indirectly	indirectly	ADV
aeasj-360	21	25	affects	affect	VERB
aeasj-360	21	26	domestic	domestic	ADJ
aeasj-360	21	27	price	price	NOUN
aeasj-360	21	28	level	level	NOUN
aeasj-360	21	29	,	,	PUNCT
aeasj-360	21	30	profitability	profitability	NOUN
aeasj-360	21	31	of	of	ADP
aeasj-360	21	32	traded	trade	VERB
aeasj-360	21	33	goods	good	NOUN
aeasj-360	21	34	and	and	CCONJ
aeasj-360	21	35	services	service	NOUN
aeasj-360	21	36	,	,	PUNCT
aeasj-360	21	37	allocation	allocation	NOUN
aeasj-360	21	38	of	of	ADP
aeasj-360	21	39	resources	resource	NOUN
aeasj-360	21	40	and	and	CCONJ
aeasj-360	21	41	investment	investment	NOUN
aeasj-360	21	42	decisions	decision	NOUN
aeasj-360	21	43	.	.	PUNCT
aeasj-360	22	1	exchange	exchange	NOUN
aeasj-360	22	2	rate	rate	NOUN
aeasj-360	22	3	movement	movement	PROPN
aeasj-360	22	4	and	and	CCONJ
aeasj-360	22	5	exchange	exchange	NOUN
aeasj-360	22	6	rate	rate	NOUN
aeasj-360	22	7	uncertainty	uncertainty	NOUN
aeasj-360	22	8	is	be	AUX
aeasj-360	22	9	an	an	DET
aeasj-360	22	10	important	important	ADJ
aeasj-360	22	11	factor	factor	NOUN
aeasj-360	22	12	which	which	PRON
aeasj-360	22	13	investors	investor	NOUN
aeasj-360	22	14	take	take	VERB
aeasj-360	22	15	into	into	ADP
aeasj-360	22	16	consideration	consideration	NOUN
aeasj-360	22	17	in	in	ADP
aeasj-360	22	18	their	their	PRON
aeasj-360	22	19	decision	decision	NOUN
aeasj-360	22	20	to	to	PART
aeasj-360	22	21	invest	invest	VERB
aeasj-360	22	22	abroad	abroad	ADV
aeasj-360	22	23	(	(	PUNCT
aeasj-360	22	24	unugbro	unugbro	PROPN
aeasj-360	22	25	,	,	PUNCT
aeasj-360	22	26	2007	2007	NUM
aeasj-360	22	27	)	)	PUNCT
aeasj-360	22	28	.	.	PUNCT
aeasj-360	23	1	foreign	foreign	ADJ
aeasj-360	23	2	capital	capital	NOUN
aeasj-360	23	3	inflows	inflow	NOUN
aeasj-360	23	4	are	be	AUX
aeasj-360	23	5	generally	generally	ADV
aeasj-360	23	6	perceived	perceive	VERB
aeasj-360	23	7	as	as	ADP
aeasj-360	23	8	something	something	PRON
aeasj-360	23	9	desirable	desirable	ADJ
aeasj-360	23	10	to	to	ADP
aeasj-360	23	11	the	the	DET
aeasj-360	23	12	industrialized	industrialized	ADJ
aeasj-360	23	13	and	and	CCONJ
aeasj-360	23	14	developing	develop	VERB
aeasj-360	23	15	countries	country	NOUN
aeasj-360	23	16	.	.	PUNCT
aeasj-360	24	1	exchange	exchange	NOUN
aeasj-360	24	2	rate	rate	NOUN
aeasj-360	24	3	variation	variation	NOUN
aeasj-360	24	4	increases	increase	VERB
aeasj-360	24	5	the	the	DET
aeasj-360	24	6	risk	risk	NOUN
aeasj-360	24	7	and	and	CCONJ
aeasj-360	24	8	the	the	DET
aeasj-360	24	9	uncertainty	uncertainty	NOUN
aeasj-360	24	10	of	of	ADP
aeasj-360	24	11	transactions	transaction	NOUN
aeasj-360	24	12	(	(	PUNCT
aeasj-360	24	13	internally	internally	ADV
aeasj-360	24	14	and	and	CCONJ
aeasj-360	24	15	externally	externally	ADV
aeasj-360	24	16	)	)	PUNCT
aeasj-360	24	17	and	and	CCONJ
aeasj-360	24	18	predisposes	predispose	VERB
aeasj-360	24	19	a	a	DET
aeasj-360	24	20	country	country	NOUN
aeasj-360	24	21	to	to	PART
aeasj-360	24	22	exchange	exchange	VERB
aeasj-360	24	23	rate	rate	NOUN
aeasj-360	24	24	related	relate	VERB
aeasj-360	24	25	risks	risk	NOUN
aeasj-360	24	26	.	.	PUNCT
aeasj-360	25	1	in	in	ADP
aeasj-360	25	2	theory	theory	NOUN
aeasj-360	25	3	,	,	PUNCT
aeasj-360	25	4	it	it	PRON
aeasj-360	25	5	is	be	AUX
aeasj-360	25	6	generally	generally	ADV
aeasj-360	25	7	agreed	agree	VERB
aeasj-360	25	8	that	that	SCONJ
aeasj-360	25	9	exchange	exchange	NOUN
aeasj-360	25	10	rate	rate	NOUN
aeasj-360	25	11	fluctuation	fluctuation	NOUN
aeasj-360	25	12	affects	affect	VERB
aeasj-360	25	13	output	output	NOUN
aeasj-360	25	14	negatively	negatively	ADV
aeasj-360	25	15	or	or	CCONJ
aeasj-360	25	16	positively	positively	ADV
aeasj-360	25	17	.	.	PUNCT
aeasj-360	26	1	according	accord	VERB
aeasj-360	26	2	to	to	ADP
aeasj-360	26	3	aliyu	aliyu	PROPN
aeasj-360	26	4	,	,	PUNCT
aeasj-360	26	5	yakub	yakub	NOUN
aeasj-360	26	6	,	,	PUNCT
aeasj-360	26	7	sanni	sanni	PROPN
aeasj-360	26	8	,	,	PUNCT
aeasj-360	26	9	and	and	CCONJ
aeasj-360	26	10	duke	duke	PROPN
aeasj-360	26	11	,	,	PUNCT
aeasj-360	26	12	(	(	PUNCT
aeasj-360	26	13	2013	2013	NUM
aeasj-360	26	14	)	)	PUNCT
aeasj-360	26	15	;	;	PUNCT
aeasj-360	26	16	it	it	PRON
aeasj-360	26	17	is	be	AUX
aeasj-360	26	18	believed	believe	VERB
aeasj-360	26	19	that	that	SCONJ
aeasj-360	26	20	the	the	DET
aeasj-360	26	21	negative	negative	ADJ
aeasj-360	26	22	impact	impact	NOUN
aeasj-360	26	23	of	of	ADP
aeasj-360	26	24	exchange	exchange	NOUN
aeasj-360	26	25	rate	rate	NOUN
aeasj-360	26	26	fluctuation	fluctuation	NOUN
aeasj-360	26	27	may	may	AUX
aeasj-360	26	28	come	come	VERB
aeasj-360	26	29	directly	directly	ADV
aeasj-360	26	30	through	through	ADP
aeasj-360	26	31	uncertainty	uncertainty	NOUN
aeasj-360	26	32	and	and	CCONJ
aeasj-360	26	33	adjustment	adjustment	NOUN
aeasj-360	26	34	costs	cost	NOUN
aeasj-360	26	35	,	,	PUNCT
aeasj-360	26	36	and	and	CCONJ
aeasj-360	26	37	indirectly	indirectly	ADV
aeasj-360	26	38	through	through	ADP
aeasj-360	26	39	its	its	PRON
aeasj-360	26	40	effect	effect	NOUN
aeasj-360	26	41	on	on	ADP
aeasj-360	26	42	allocation	allocation	NOUN
aeasj-360	26	43	of	of	ADP
aeasj-360	26	44	resources	resource	NOUN
aeasj-360	26	45	and	and	CCONJ
aeasj-360	26	46	government	government	NOUN
aeasj-360	26	47	policies	policy	NOUN
aeasj-360	26	48	.	.	PUNCT
aeasj-360	27	1	while	while	SCONJ
aeasj-360	27	2	adeniran	adeniran	NOUN
aeasj-360	27	3	,	,	PUNCT
aeasj-360	27	4	yusuf	yusuf	PROPN
aeasj-360	27	5	and	and	CCONJ
aeasj-360	27	6	adeyemi	adeyemi	ADV
aeasj-360	27	7	(	(	PUNCT
aeasj-360	27	8	2014	2014	NUM
aeasj-360	27	9	)	)	PUNCT
aeasj-360	27	10	further	far	ADV
aeasj-360	27	11	informed	inform	VERB
aeasj-360	27	12	that	that	SCONJ
aeasj-360	27	13	variation	variation	NOUN
aeasj-360	27	14	in	in	ADP
aeasj-360	27	15	exchange	exchange	NOUN
aeasj-360	27	16	rate	rate	NOUN
aeasj-360	27	17	is	be	AUX
aeasj-360	27	18	an	an	DET
aeasj-360	27	19	important	important	ADJ
aeasj-360	27	20	factor	factor	NOUN
aeasj-360	27	21	that	that	PRON
aeasj-360	27	22	affects	affect	VERB
aeasj-360	27	23	economic	economic	ADJ
aeasj-360	27	24	performance	performance	NOUN
aeasj-360	27	25	,	,	PUNCT
aeasj-360	27	26	due	due	ADP
aeasj-360	27	27	to	to	ADP
aeasj-360	27	28	its	its	PRON
aeasj-360	27	29	impact	impact	NOUN
aeasj-360	27	30	on	on	ADP
aeasj-360	27	31	macroeconomic	macroeconomic	ADJ
aeasj-360	27	32	variables	variable	NOUN
aeasj-360	27	33	like	like	ADP
aeasj-360	27	34	outputs	output	NOUN
aeasj-360	27	35	,	,	PUNCT
aeasj-360	27	36	imports	import	NOUN
aeasj-360	27	37	,	,	PUNCT
aeasj-360	27	38	export	export	NOUN
aeasj-360	27	39	prices	price	NOUN
aeasj-360	27	40	,	,	PUNCT
aeasj-360	27	41	interest	interest	NOUN
aeasj-360	27	42	rate	rate	NOUN
aeasj-360	27	43	and	and	CCONJ
aeasj-360	27	44	inflation	inflation	NOUN
aeasj-360	27	45	rate	rate	NOUN
aeasj-360	27	46	.	.	PUNCT
aeasj-360	28	1	the	the	DET
aeasj-360	28	2	persistent	persistent	ADJ
aeasj-360	28	3	depreciation	depreciation	NOUN
aeasj-360	28	4	in	in	ADP
aeasj-360	28	5	naira	naira	NOUN
aeasj-360	28	6	exchange	exchange	NOUN
aeasj-360	28	7	rate	rate	NOUN
aeasj-360	28	8	has	have	AUX
aeasj-360	28	9	led	lead	VERB
aeasj-360	28	10	to	to	ADP
aeasj-360	28	11	a	a	DET
aeasj-360	28	12	shortage	shortage	NOUN
aeasj-360	28	13	of	of	ADP
aeasj-360	28	14	foreign	foreign	ADJ
aeasj-360	28	15	exchange	exchange	NOUN
aeasj-360	28	16	for	for	ADP
aeasj-360	28	17	the	the	DET
aeasj-360	28	18	importation	importation	NOUN
aeasj-360	28	19	of	of	ADP
aeasj-360	28	20	the	the	DET
aeasj-360	28	21	essential	essential	ADJ
aeasj-360	28	22	inputs	input	NOUN
aeasj-360	28	23	for	for	ADP
aeasj-360	28	24	the	the	DET
aeasj-360	28	25	industrial	industrial	ADJ
aeasj-360	28	26	sector	sector	NOUN
aeasj-360	28	27	which	which	PRON
aeasj-360	28	28	has	have	AUX
aeasj-360	28	29	led	lead	VERB
aeasj-360	28	30	to	to	ADP
aeasj-360	28	31	high	high	ADJ
aeasj-360	28	32	costs	cost	NOUN
aeasj-360	28	33	of	of	ADP
aeasj-360	28	34	production	production	NOUN
aeasj-360	28	35	in	in	ADP
aeasj-360	28	36	the	the	DET
aeasj-360	28	37	country	country	NOUN
aeasj-360	28	38	the	the	DET
aeasj-360	28	39	nigerian	nigerian	ADJ
aeasj-360	28	40	government	government	NOUN
aeasj-360	28	41	has	have	AUX
aeasj-360	28	42	formulated	formulate	VERB
aeasj-360	28	43	various	various	ADJ
aeasj-360	28	44	exchange	exchange	NOUN
aeasj-360	28	45	rate	rate	NOUN
aeasj-360	28	46	policies	policy	NOUN
aeasj-360	28	47	,	,	PUNCT
aeasj-360	28	48	for	for	ADP
aeasj-360	28	49	instance	instance	NOUN
aeasj-360	28	50	,	,	PUNCT
aeasj-360	28	51	fixed	fixed	ADJ
aeasj-360	28	52	parity	parity	NOUN
aeasj-360	28	53	between	between	ADP
aeasj-360	28	54	the	the	DET
aeasj-360	28	55	nigerian	nigerian	ADJ
aeasj-360	28	56	pound	pound	NOUN
aeasj-360	28	57	and	and	CCONJ
aeasj-360	28	58	the	the	DET
aeasj-360	28	59	british	british	ADJ
aeasj-360	28	60	pound	pound	NOUN
aeasj-360	28	61	(	(	PUNCT
aeasj-360	28	62	1960	1960	NUM
aeasj-360	28	63	-	-	SYM
aeasj-360	28	64	1967	1967	NUM
aeasj-360	28	65	)	)	PUNCT
aeasj-360	28	66	,	,	PUNCT
aeasj-360	28	67	fixed	fix	VERB
aeasj-360	28	68	parity	parity	NOUN
aeasj-360	28	69	between	between	ADP
aeasj-360	28	70	the	the	DET
aeasj-360	28	71	nigerian	nigerian	ADJ
aeasj-360	28	72	pound	pound	NOUN
aeasj-360	28	73	and	and	CCONJ
aeasj-360	28	74	the	the	DET
aeasj-360	28	75	american	american	ADJ
aeasj-360	28	76	dollar	dollar	NOUN
aeasj-360	28	77	(	(	PUNCT
aeasj-360	28	78	19671974	19671974	NUM
aeasj-360	28	79	)	)	PUNCT
aeasj-360	28	80	,	,	PUNCT
aeasj-360	28	81	independent	independent	ADJ
aeasj-360	28	82	exchange	exchange	NOUN
aeasj-360	28	83	rate	rate	NOUN
aeasj-360	28	84	policy	policy	NOUN
aeasj-360	28	85	(	(	PUNCT
aeasj-360	28	86	1974	1974	NUM
aeasj-360	28	87	-	-	SYM
aeasj-360	28	88	1976	1976	NUM
aeasj-360	28	89	)	)	PUNCT
aeasj-360	28	90	;	;	PUNCT
aeasj-360	28	91	pegging	peg	VERB
aeasj-360	28	92	the	the	DET
aeasj-360	28	93	naira	naira	NOUN
aeasj-360	28	94	to	to	ADP
aeasj-360	28	95	an	an	DET
aeasj-360	28	96	import	import	NOUN
aeasj-360	28	97	-	-	PUNCT
aeasj-360	28	98	weighted	weight	VERB
aeasj-360	28	99	basket	basket	NOUN
aeasj-360	28	100	of	of	ADP
aeasj-360	28	101	currencies	currency	NOUN
aeasj-360	28	102	(	(	PUNCT
aeasj-360	28	103	19761985	19761985	NUM
aeasj-360	28	104	)	)	PUNCT
aeasj-360	28	105	,	,	PUNCT
aeasj-360	28	106	market	market	NOUN
aeasj-360	28	107	determined	determine	VERB
aeasj-360	28	108	exchange	exchange	NOUN
aeasj-360	28	109	rate	rate	NOUN
aeasj-360	28	110	policy	policy	NOUN
aeasj-360	28	111	(	(	PUNCT
aeasj-360	28	112	1986	1986	NUM
aeasj-360	28	113	date	date	NOUN
aeasj-360	28	114	)	)	PUNCT
aeasj-360	28	115	.	.	PUNCT
aeasj-360	29	1	the	the	DET
aeasj-360	29	2	nigerian	nigerian	ADJ
aeasj-360	29	3	fifth	fifth	ADJ
aeasj-360	29	4	exchange	exchange	NOUN
aeasj-360	29	5	rate	rate	NOUN
aeasj-360	29	6	management	management	NOUN
aeasj-360	29	7	commenced	commence	VERB
aeasj-360	29	8	during	during	ADP
aeasj-360	29	9	post	post	ADJ
aeasj-360	29	10	-	-	ADJ
aeasj-360	29	11	sap	sap	ADJ
aeasj-360	29	12	era	era	NOUN
aeasj-360	29	13	up	up	ADP
aeasj-360	29	14	to	to	ADP
aeasj-360	29	15	date	date	NOUN
aeasj-360	29	16	.	.	PUNCT
aeasj-360	30	1	the	the	DET
aeasj-360	30	2	first	first	ADJ
aeasj-360	30	3	market	market	NOUN
aeasj-360	30	4	,	,	PUNCT
aeasj-360	30	5	sfem	sfem	PROPN
aeasj-360	30	6	was	be	AUX
aeasj-360	30	7	established	establish	VERB
aeasj-360	30	8	with	with	ADP
aeasj-360	30	9	immediate	immediate	ADJ
aeasj-360	30	10	effect	effect	NOUN
aeasj-360	30	11	in	in	ADP
aeasj-360	30	12	september	september	PROPN
aeasj-360	30	13	26	26	NUM
aeasj-360	30	14	,	,	PUNCT
aeasj-360	30	15	1986	1986	NUM
aeasj-360	30	16	.	.	PUNCT
aeasj-360	31	1	the	the	DET
aeasj-360	31	2	nigerian	nigerian	ADJ
aeasj-360	31	3	forex	forex	ADJ
aeasj-360	31	4	market	market	NOUN
aeasj-360	31	5	was	be	AUX
aeasj-360	31	6	liberalized	liberalize	VERB
aeasj-360	31	7	with	with	ADP
aeasj-360	31	8	the	the	DET
aeasj-360	31	9	introduction	introduction	NOUN
aeasj-360	31	10	of	of	ADP
aeasj-360	31	11	an	an	DET
aeasj-360	31	12	autonomous	autonomous	ADJ
aeasj-360	31	13	foreign	foreign	ADJ
aeasj-360	31	14	exchange	exchange	NOUN
aeasj-360	31	15	market	market	NOUN
aeasj-360	31	16	(	(	PUNCT
aeasj-360	31	17	afem	afem	PROPN
aeasj-360	31	18	)	)	PUNCT
aeasj-360	31	19	and	and	CCONJ
aeasj-360	31	20	the	the	DET
aeasj-360	31	21	inter	inter	ADJ
aeasj-360	31	22	-	-	ADJ
aeasj-360	31	23	bank	bank	ADJ
aeasj-360	31	24	foreign	foreign	ADJ
aeasj-360	31	25	exchange	exchange	NOUN
aeasj-360	31	26	market	market	NOUN
aeasj-360	31	27	(	(	PUNCT
aeasj-360	31	28	ifem	ifem	PROPN
aeasj-360	31	29	)	)	PUNCT
aeasj-360	31	30	in	in	ADP
aeasj-360	31	31	1995	1995	NUM
aeasj-360	31	32	and	and	CCONJ
aeasj-360	31	33	1999	1999	NUM
aeasj-360	31	34	respectively	respectively	ADV
aeasj-360	31	35	.	.	PUNCT
aeasj-360	32	1	the	the	DET
aeasj-360	32	2	afem	afem	PROPN
aeasj-360	32	3	metamorphosed	metamorphose	VERB
aeasj-360	32	4	into	into	ADP
aeasj-360	32	5	a	a	DET
aeasj-360	32	6	daily	daily	ADJ
aeasj-360	32	7	,	,	PUNCT
aeasj-360	32	8	two	two	NUM
aeasj-360	32	9	-	-	PUNCT
aeasj-360	32	10	way	way	NOUN
aeasj-360	32	11	quote	quote	INTJ
aeasj-360	32	12	ifem	ifem	NOUN
aeasj-360	32	13	in	in	ADP
aeasj-360	32	14	october	october	PROPN
aeasj-360	32	15	25	25	NUM
aeasj-360	32	16	,	,	PUNCT
aeasj-360	32	17	1999	1999	NUM
aeasj-360	32	18	.	.	PUNCT
aeasj-360	33	1	from	from	ADP
aeasj-360	33	2	16	16	NUM
aeasj-360	33	3	july	july	PROPN
aeasj-360	33	4	2002	2002	NUM
aeasj-360	33	5	,	,	PUNCT
aeasj-360	33	6	cbn	cbn	PROPN
aeasj-360	33	7	has	have	AUX
aeasj-360	33	8	replaced	replace	VERB
aeasj-360	33	9	ifem	ifem	NOUN
aeasj-360	33	10	with	with	ADP
aeasj-360	33	11	the	the	DET
aeasj-360	33	12	dutch	dutch	ADJ
aeasj-360	33	13	auction	auction	NOUN
aeasj-360	33	14	system	system	NOUN
aeasj-360	33	15	(	(	PUNCT
aeasj-360	33	16	das	das	PROPN
aeasj-360	33	17	)	)	PUNCT
aeasj-360	33	18	which	which	PRON
aeasj-360	33	19	has	have	AUX
aeasj-360	33	20	been	be	AUX
aeasj-360	33	21	in	in	ADP
aeasj-360	33	22	operation	operation	NOUN
aeasj-360	33	23	till	till	SCONJ
aeasj-360	33	24	date	date	NOUN
aeasj-360	33	25	.	.	PUNCT
aeasj-360	34	1	despite	despite	SCONJ
aeasj-360	34	2	these	these	DET
aeasj-360	34	3	policies	policy	NOUN
aeasj-360	34	4	,	,	PUNCT
aeasj-360	34	5	nigeria	nigeria	PROPN
aeasj-360	34	6	naira	naira	PROPN
aeasj-360	34	7	continue	continue	VERB
aeasj-360	34	8	to	to	PART
aeasj-360	34	9	depreciate	depreciate	VERB
aeasj-360	34	10	against	against	ADP
aeasj-360	34	11	key	key	ADJ
aeasj-360	34	12	currencies	currency	NOUN
aeasj-360	34	13	and	and	CCONJ
aeasj-360	34	14	has	have	AUX
aeasj-360	34	15	this	this	PRON
aeasj-360	34	16	has	have	AUX
aeasj-360	34	17	affected	affect	VERB
aeasj-360	34	18	the	the	DET
aeasj-360	34	19	economy	economy	NOUN
aeasj-360	34	20	negatively	negatively	ADV
aeasj-360	34	21	.	.	PUNCT
aeasj-360	35	1	the	the	DET
aeasj-360	35	2	general	general	ADJ
aeasj-360	35	3	assumption	assumption	NOUN
aeasj-360	35	4	on	on	ADP
aeasj-360	35	5	the	the	DET
aeasj-360	35	6	relationship	relationship	NOUN
aeasj-360	35	7	between	between	ADP
aeasj-360	35	8	flexible	flexible	ADJ
aeasj-360	35	9	exchange	exchange	NOUN
aeasj-360	35	10	rate	rate	NOUN
aeasj-360	35	11	and	and	CCONJ
aeasj-360	35	12	macroeconomic	macroeconomic	ADJ
aeasj-360	35	13	performance	performance	NOUN
aeasj-360	35	14	has	have	AUX
aeasj-360	35	15	been	be	AUX
aeasj-360	35	16	that	that	SCONJ
aeasj-360	35	17	if	if	SCONJ
aeasj-360	35	18	properly	properly	ADV
aeasj-360	35	19	managed	manage	VERB
aeasj-360	35	20	and	and	CCONJ
aeasj-360	35	21	integrated	integrate	VERB
aeasj-360	35	22	with	with	ADP
aeasj-360	35	23	macroeconomic	macroeconomic	ADJ
aeasj-360	35	24	objectives	objective	NOUN
aeasj-360	35	25	,	,	PUNCT
aeasj-360	35	26	it	it	PRON
aeasj-360	35	27	will	will	AUX
aeasj-360	35	28	enhance	enhance	VERB
aeasj-360	35	29	the	the	DET
aeasj-360	35	30	realization	realization	NOUN
aeasj-360	35	31	of	of	ADP
aeasj-360	35	32	macroeconomic	macroeconomic	ADJ
aeasj-360	35	33	goals	goal	NOUN
aeasj-360	35	34	.	.	PUNCT
aeasj-360	36	1	however	however	ADV
aeasj-360	36	2	,	,	PUNCT
aeasj-360	36	3	this	this	DET
aeasj-360	36	4	assumption	assumption	NOUN
aeasj-360	36	5	is	be	AUX
aeasj-360	36	6	empirical	empirical	ADJ
aeasj-360	36	7	tested	test	VERB
aeasj-360	36	8	and	and	CCONJ
aeasj-360	36	9	exemplified	exemplify	VERB
aeasj-360	36	10	in	in	ADP
aeasj-360	36	11	the	the	DET
aeasj-360	36	12	developed	develop	VERB
aeasj-360	36	13	economy	economy	NOUN
aeasj-360	36	14	with	with	ADP
aeasj-360	36	15	greater	great	ADJ
aeasj-360	36	16	openness	openness	NOUN
aeasj-360	36	17	and	and	CCONJ
aeasj-360	36	18	less	less	ADJ
aeasj-360	36	19	import	import	NOUN
aeasj-360	36	20	compared	compare	VERB
aeasj-360	36	21	to	to	ADP
aeasj-360	36	22	the	the	DET
aeasj-360	36	23	emerging	emerge	VERB
aeasj-360	36	24	economies	economy	NOUN
aeasj-360	36	25	like	like	ADP
aeasj-360	36	26	nigeria	nigeria	PRON
aeasj-360	36	27	whose	whose	DET
aeasj-360	36	28	import	import	NOUN
aeasj-360	36	29	is	be	AUX
aeasj-360	36	30	greater	great	ADJ
aeasj-360	36	31	than	than	ADP
aeasj-360	36	32	the	the	DET
aeasj-360	36	33	export	export	NOUN
aeasj-360	36	34	which	which	PRON
aeasj-360	36	35	results	result	VERB
aeasj-360	36	36	in	in	ADP
aeasj-360	36	37	balance	balance	NOUN
aeasj-360	36	38	of	of	ADP
aeasj-360	36	39	payment	payment	NOUN
aeasj-360	36	40	deficit	deficit	NOUN
aeasj-360	36	41	.	.	PUNCT
aeasj-360	37	1	umoru	umoru	NOUN
aeasj-360	37	2	and	and	CCONJ
aeasj-360	37	3	odegba	odegba	NOUN
aeasj-360	37	4	(	(	PUNCT
aeasj-360	37	5	2013	2013	NUM
aeasj-360	37	6	)	)	PUNCT
aeasj-360	37	7	noted	note	VERB
aeasj-360	37	8	that	that	SCONJ
aeasj-360	37	9	if	if	SCONJ
aeasj-360	37	10	the	the	DET
aeasj-360	37	11	exchange	exchange	NOUN
aeasj-360	37	12	rate	rate	NOUN
aeasj-360	37	13	is	be	AUX
aeasj-360	37	14	not	not	PART
aeasj-360	37	15	fixed	fix	VERB
aeasj-360	37	16	,	,	PUNCT
aeasj-360	37	17	its	its	PRON
aeasj-360	37	18	behavior	behavior	NOUN
aeasj-360	37	19	should	should	AUX
aeasj-360	37	20	depend	depend	VERB
aeasj-360	37	21	on	on	ADP
aeasj-360	37	22	the	the	DET
aeasj-360	37	23	behavior	behavior	NOUN
aeasj-360	37	24	of	of	ADP
aeasj-360	37	25	the	the	DET
aeasj-360	37	26	domestic	domestic	ADJ
aeasj-360	37	27	interest	interest	NOUN
aeasj-360	37	28	relative	relative	ADJ
aeasj-360	37	29	to	to	ADP
aeasj-360	37	30	the	the	DET
aeasj-360	37	31	foreign	foreign	ADJ
aeasj-360	37	32	rate	rate	NOUN
aeasj-360	37	33	.	.	PUNCT
aeasj-360	38	1	the	the	DET
aeasj-360	38	2	exact	exact	ADJ
aeasj-360	38	3	impact	impact	NOUN
aeasj-360	38	4	of	of	ADP
aeasj-360	38	5	a	a	DET
aeasj-360	38	6	change	change	NOUN
aeasj-360	38	7	in	in	ADP
aeasj-360	38	8	the	the	DET
aeasj-360	38	9	policy	policy	NOUN
aeasj-360	38	10	rate	rate	NOUN
aeasj-360	38	11	is	be	AUX
aeasj-360	38	12	uncertain	uncertain	ADJ
aeasj-360	38	13	,	,	PUNCT
aeasj-360	38	14	because	because	SCONJ
aeasj-360	38	15	it	it	PRON
aeasj-360	38	16	depends	depend	VERB
aeasj-360	38	17	again	again	ADV
aeasj-360	38	18	on	on	ADP
aeasj-360	38	19	the	the	DET
aeasj-360	38	20	expectations	expectation	NOUN
aeasj-360	38	21	on	on	ADP
aeasj-360	38	22	the	the	DET
aeasj-360	38	23	interest	interest	NOUN
aeasj-360	38	24	rates	rate	NOUN
aeasj-360	38	25	and	and	CCONJ
aeasj-360	38	26	on	on	ADP
aeasj-360	38	27	domestic	domestic	ADJ
aeasj-360	38	28	and	and	CCONJ
aeasj-360	38	29	foreign	foreign	ADJ
aeasj-360	38	30	inflation	inflation	NOUN
aeasj-360	38	31	.	.	PUNCT
aeasj-360	39	1	the	the	DET
aeasj-360	39	2	relationship	relationship	NOUN
aeasj-360	39	3	between	between	ADP
aeasj-360	39	4	exchange	exchange	NOUN
aeasj-360	39	5	regimes	regime	NOUN
aeasj-360	39	6	and	and	CCONJ
aeasj-360	39	7	economic	economic	ADJ
aeasj-360	39	8	performance	performance	NOUN
aeasj-360	39	9	of	of	ADP
aeasj-360	39	10	the	the	DET
aeasj-360	39	11	developing	develop	VERB
aeasj-360	39	12	countries	country	NOUN
aeasj-360	39	13	like	like	ADP
aeasj-360	39	14	nigeria	nigeria	PROPN
aeasj-360	39	15	has	have	AUX
aeasj-360	39	16	gone	go	VERB
aeasj-360	39	17	beyond	beyond	ADP
aeasj-360	39	18	theories	theory	NOUN
aeasj-360	39	19	and	and	CCONJ
aeasj-360	39	20	principles	principle	NOUN
aeasj-360	39	21	but	but	CCONJ
aeasj-360	39	22	focus	focus	VERB
aeasj-360	39	23	on	on	ADP
aeasj-360	39	24	the	the	DET
aeasj-360	39	25	reality	reality	NOUN
aeasj-360	39	26	of	of	ADP
aeasj-360	39	27	existing	exist	VERB
aeasj-360	39	28	impact	impact	NOUN
aeasj-360	39	29	,	,	PUNCT
aeasj-360	39	30	for	for	ADP
aeasj-360	39	31	instance	instance	NOUN
aeasj-360	39	32	the	the	DET
aeasj-360	39	33	adoption	adoption	NOUN
aeasj-360	39	34	of	of	ADP
aeasj-360	39	35	flexible	flexible	ADJ
aeasj-360	39	36	exchange	exchange	NOUN
aeasj-360	39	37	rate	rate	NOUN
aeasj-360	39	38	during	during	ADP
aeasj-360	39	39	the	the	DET
aeasj-360	39	40	structural	structural	ADJ
aeasj-360	39	41	adjustment	adjustment	NOUN
aeasj-360	39	42	programme	programme	NOUN
aeasj-360	39	43	(	(	PUNCT
aeasj-360	39	44	sap	sap	PROPN
aeasj-360	39	45	)	)	PUNCT
aeasj-360	39	46	and	and	CCONJ
aeasj-360	39	47	the	the	DET
aeasj-360	39	48	depreciating	depreciate	VERB
aeasj-360	39	49	naira	naira	PROPN
aeasj-360	39	50	exchange	exchange	NOUN
aeasj-360	39	51	rate	rate	NOUN
aeasj-360	39	52	against	against	ADP
aeasj-360	39	53	key	key	ADJ
aeasj-360	39	54	currencies	currency	NOUN
aeasj-360	39	55	is	be	AUX
aeasj-360	39	56	expected	expect	VERB
aeasj-360	39	57	to	to	PART
aeasj-360	39	58	affect	affect	VERB
aeasj-360	39	59	nigerian	nigerian	ADJ
aeasj-360	39	60	economic	economic	ADJ
aeasj-360	39	61	performance	performance	NOUN
aeasj-360	39	62	which	which	PRON
aeasj-360	39	63	has	have	AUX
aeasj-360	39	64	not	not	PART
aeasj-360	39	65	been	be	AUX
aeasj-360	39	66	captured	capture	VERB
aeasj-360	39	67	in	in	ADP
aeasj-360	39	68	existing	exist	VERB
aeasj-360	39	69	literature	literature	NOUN
aeasj-360	39	70	creating	create	VERB
aeasj-360	39	71	a	a	DET
aeasj-360	39	72	knowledge	knowledge	NOUN
aeasj-360	39	73	gap	gap	NOUN
aeasj-360	39	74	.	.	PUNCT
aeasj-360	40	1	however	however	ADV
aeasj-360	40	2	,	,	PUNCT
aeasj-360	40	3	the	the	DET
aeasj-360	40	4	relationship	relationship	NOUN
aeasj-360	40	5	between	between	ADP
aeasj-360	40	6	exchange	exchange	NOUN
aeasj-360	40	7	rate	rate	NOUN
aeasj-360	40	8	regime	regime	NOUN
aeasj-360	40	9	such	such	ADJ
aeasj-360	40	10	as	as	ADP
aeasj-360	40	11	flexible	flexible	ADJ
aeasj-360	40	12	exchange	exchange	NOUN
aeasj-360	40	13	rate	rate	NOUN
aeasj-360	40	14	and	and	CCONJ
aeasj-360	40	15	economic	economic	ADJ
aeasj-360	40	16	performance	performance	NOUN
aeasj-360	40	17	has	have	AUX
aeasj-360	40	18	been	be	AUX
aeasj-360	40	19	a	a	DET
aeasj-360	40	20	point	point	NOUN
aeasj-360	40	21	of	of	ADP
aeasj-360	40	22	departure	departure	NOUN
aeasj-360	40	23	among	among	ADP
aeasj-360	40	24	scholars	scholar	NOUN
aeasj-360	40	25	.	.	PUNCT
aeasj-360	41	1	for	for	ADP
aeasj-360	41	2	instance	instance	NOUN
aeasj-360	41	3	,	,	PUNCT
aeasj-360	41	4	the	the	DET
aeasj-360	41	5	traditional	traditional	ADJ
aeasj-360	41	6	school	school	NOUN
aeasj-360	41	7	believe	believe	VERB
aeasj-360	41	8	that	that	SCONJ
aeasj-360	41	9	volatility	volatility	NOUN
aeasj-360	41	10	in	in	ADP
aeasj-360	41	11	exchange	exchange	NOUN
aeasj-360	41	12	rate	rate	NOUN
aeasj-360	41	13	discourage	discourage	NOUN
aeasj-360	41	14	trade	trade	NOUN
aeasj-360	41	15	while	while	SCONJ
aeasj-360	41	16	the	the	DET
aeasj-360	41	17	portfolio	portfolio	NOUN
aeasj-360	41	18	theory	theory	NOUN
aeasj-360	41	19	believe	believe	VERB
aeasj-360	41	20	that	that	SCONJ
aeasj-360	41	21	volatility	volatility	NOUN
aeasj-360	41	22	in	in	ADP
aeasj-360	41	23	exchange	exchange	NOUN
aeasj-360	41	24	rate	rate	NOUN
aeasj-360	41	25	creates	create	VERB
aeasj-360	41	26	risk	risk	NOUN
aeasj-360	41	27	that	that	SCONJ
aeasj-360	41	28	risk	risk	NOUN
aeasj-360	41	29	seekers	seeker	NOUN
aeasj-360	41	30	would	would	AUX
aeasj-360	41	31	trade	trade	VERB
aeasj-360	41	32	in	in	ADP
aeasj-360	41	33	the	the	DET
aeasj-360	41	34	mist	mist	NOUN
aeasj-360	41	35	of	of	ADP
aeasj-360	41	36	volatile	volatile	ADJ
aeasj-360	41	37	exchange	exchange	NOUN
aeasj-360	41	38	rate	rate	NOUN
aeasj-360	41	39	for	for	ADP
aeasj-360	41	40	profitability	profitability	NOUN
aeasj-360	41	41	objective	objective	NOUN
aeasj-360	41	42	.	.	PUNCT
aeasj-360	42	1	this	this	DET
aeasj-360	42	2	ambiguity	ambiguity	NOUN
aeasj-360	42	3	has	have	AUX
aeasj-360	42	4	remained	remain	VERB
aeasj-360	42	5	unresolved	unresolved	ADJ
aeasj-360	42	6	in	in	ADP
aeasj-360	42	7	the	the	DET
aeasj-360	42	8	emerging	emerge	VERB
aeasj-360	42	9	economy	economy	NOUN
aeasj-360	42	10	like	like	ADP
aeasj-360	42	11	nigeria	nigeria	PRON
aeasj-360	42	12	that	that	PRON
aeasj-360	42	13	deserves	deserve	VERB
aeasj-360	42	14	investigation	investigation	NOUN
aeasj-360	42	15	.	.	PUNCT
aeasj-360	43	1	nigeria	nigeria	PROPN
aeasj-360	44	1	over	over	ADP
aeasj-360	44	2	the	the	DET
aeasj-360	44	3	years	year	NOUN
aeasj-360	44	4	has	have	AUX
aeasj-360	44	5	signed	sign	VERB
aeasj-360	44	6	multilateral	multilateral	ADJ
aeasj-360	44	7	and	and	CCONJ
aeasj-360	44	8	bilateral	bilateral	ADJ
aeasj-360	44	9	trade	trade	NOUN
aeasj-360	44	10	and	and	CCONJ
aeasj-360	44	11	investment	investment	NOUN
aeasj-360	44	12	treaties	treaty	NOUN
aeasj-360	44	13	with	with	ADP
aeasj-360	44	14	various	various	ADJ
aeasj-360	44	15	countries	country	NOUN
aeasj-360	44	16	apart	apart	ADV
aeasj-360	44	17	from	from	ADP
aeasj-360	44	18	united	united	PROPN
aeasj-360	44	19	state	state	PROPN
aeasj-360	44	20	of	of	ADP
aeasj-360	44	21	america	america	PROPN
aeasj-360	44	22	.	.	PUNCT
aeasj-360	45	1	while	while	SCONJ
aeasj-360	45	2	there	there	PRON
aeasj-360	45	3	are	be	VERB
aeasj-360	45	4	many	many	ADJ
aeasj-360	45	5	studies	study	NOUN
aeasj-360	45	6	on	on	ADP
aeasj-360	45	7	the	the	DET
aeasj-360	45	8	effect	effect	NOUN
aeasj-360	45	9	of	of	ADP
aeasj-360	45	10	exchange	exchange	NOUN
aeasj-360	45	11	rate	rate	NOUN
aeasj-360	45	12	on	on	ADP
aeasj-360	45	13	nigeria	nigeria	PROPN
aeasj-360	45	14	economy	economy	NOUN
aeasj-360	45	15	,	,	PUNCT
aeasj-360	45	16	the	the	DET
aeasj-360	45	17	studies	study	NOUN
aeasj-360	45	18	focused	focus	VERB
aeasj-360	45	19	on	on	ADP
aeasj-360	45	20	naira	naira	NOUN
aeasj-360	45	21	exchange	exchange	NOUN
aeasj-360	45	22	rate	rate	NOUN
aeasj-360	45	23	against	against	ADP
aeasj-360	45	24	the	the	DET
aeasj-360	45	25	united	united	PROPN
aeasj-360	45	26	state	state	PROPN
aeasj-360	45	27	dollar	dollar	NOUN
aeasj-360	45	28	.	.	PUNCT
aeasj-360	46	1	the	the	DET
aeasj-360	46	2	neglect	neglect	NOUN
aeasj-360	46	3	of	of	ADP
aeasj-360	46	4	other	other	ADJ
aeasj-360	46	5	currencies	currency	NOUN
aeasj-360	46	6	creates	create	VERB
aeasj-360	46	7	a	a	DET
aeasj-360	46	8	knowledge	knowledge	NOUN
aeasj-360	46	9	gap	gap	NOUN
aeasj-360	46	10	which	which	PRON
aeasj-360	46	11	this	this	DET
aeasj-360	46	12	study	study	NOUN
aeasj-360	46	13	filled	fill	VERB
aeasj-360	46	14	.	.	PUNCT
aeasj-360	47	1	2	2	X
aeasj-360	47	2	.	.	X
aeasj-360	47	3	literature	literature	NOUN
aeasj-360	47	4	review	review	VERB
aeasj-360	47	5	2.1	2.1	NUM
aeasj-360	47	6	exchange	exchange	NOUN
aeasj-360	47	7	rate	rate	NOUN
aeasj-360	47	8	volatility	volatility	NOUN
aeasj-360	47	9	mundell	mundell	NOUN
aeasj-360	47	10	(	(	PUNCT
aeasj-360	47	11	1968	1968	NUM
aeasj-360	47	12	)	)	PUNCT
aeasj-360	47	13	has	have	AUX
aeasj-360	47	14	brilliantly	brilliantly	ADV
aeasj-360	47	15	set	set	VERB
aeasj-360	47	16	out	out	ADP
aeasj-360	47	17	the	the	DET
aeasj-360	47	18	implications	implication	NOUN
aeasj-360	47	19	of	of	ADP
aeasj-360	47	20	financial	financial	ADJ
aeasj-360	47	21	flows	flow	NOUN
aeasj-360	47	22	and	and	CCONJ
aeasj-360	47	23	financial	financial	ADJ
aeasj-360	47	24	markets	market	NOUN
aeasj-360	47	25	integration	integration	NOUN
aeasj-360	47	26	.	.	PUNCT
aeasj-360	48	1	he	he	PRON
aeasj-360	48	2	demonstrated	demonstrate	VERB
aeasj-360	48	3	that	that	SCONJ
aeasj-360	48	4	,	,	PUNCT
aeasj-360	48	5	with	with	ADP
aeasj-360	48	6	increasing	increase	VERB
aeasj-360	48	7	capital	capital	NOUN
aeasj-360	48	8	mobility	mobility	NOUN
aeasj-360	48	9	,	,	PUNCT
aeasj-360	48	10	monetary	monetary	ADJ
aeasj-360	48	11	policy	policy	NOUN
aeasj-360	48	12	is	be	AUX
aeasj-360	48	13	constrained	constrain	VERB
aeasj-360	48	14	and	and	CCONJ
aeasj-360	48	15	sometimes	sometimes	ADV
aeasj-360	48	16	inefficient	inefficient	ADJ
aeasj-360	48	17	under	under	ADP
aeasj-360	48	18	fixed	fix	VERB
aeasj-360	48	19	exchange	exchange	NOUN
aeasj-360	48	20	rates	rate	NOUN
aeasj-360	48	21	.	.	PUNCT
aeasj-360	49	1	the	the	DET
aeasj-360	49	2	stock	stock	NOUN
aeasj-360	49	3	of	of	ADP
aeasj-360	49	4	money	money	NOUN
aeasj-360	49	5	,	,	PUNCT
aeasj-360	49	6	which	which	PRON
aeasj-360	49	7	is	be	AUX
aeasj-360	49	8	endogenous	endogenous	ADJ
aeasj-360	49	9	,	,	PUNCT
aeasj-360	49	10	adjusts	adjust	VERB
aeasj-360	49	11	to	to	ADP
aeasj-360	49	12	the	the	DET
aeasj-360	49	13	economy	economy	NOUN
aeasj-360	49	14	.	.	PUNCT
aeasj-360	50	1	this	this	PRON
aeasj-360	50	2	implies	imply	VERB
aeasj-360	50	3	an	an	DET
aeasj-360	50	4	increased	increase	VERB
aeasj-360	50	5	sensitivity	sensitivity	NOUN
aeasj-360	50	6	of	of	ADP
aeasj-360	50	7	the	the	DET
aeasj-360	50	8	economy	economy	NOUN
aeasj-360	50	9	and	and	CCONJ
aeasj-360	50	10	growth	growth	NOUN
aeasj-360	50	11	to	to	ADP
aeasj-360	50	12	disturbances	disturbance	NOUN
aeasj-360	50	13	.	.	PUNCT
aeasj-360	51	1	eichengreen	eichengreen	NOUN
aeasj-360	51	2	and	and	CCONJ
aeasj-360	51	3	hausmann	hausmann	PROPN
aeasj-360	51	4	(	(	PUNCT
aeasj-360	51	5	1999	1999	NUM
aeasj-360	51	6	)	)	PUNCT
aeasj-360	51	7	and	and	CCONJ
aeasj-360	51	8	kamil	kamil	PROPN
aeasj-360	51	9	(	(	PUNCT
aeasj-360	51	10	2006	2006	NUM
aeasj-360	51	11	)	)	PUNCT
aeasj-360	51	12	posit	posit	VERB
aeasj-360	51	13	that	that	SCONJ
aeasj-360	51	14	external	external	ADJ
aeasj-360	51	15	exposure	exposure	NOUN
aeasj-360	51	16	may	may	AUX
aeasj-360	51	17	also	also	ADV
aeasj-360	51	18	be	be	AUX
aeasj-360	51	19	explained	explain	VERB
aeasj-360	51	20	if	if	SCONJ
aeasj-360	51	21	developing	develop	VERB
aeasj-360	51	22	countries	country	NOUN
aeasj-360	51	23	are	be	AUX
aeasj-360	51	24	unable	unable	ADJ
aeasj-360	51	25	to	to	PART
aeasj-360	51	26	borrow	borrow	VERB
aeasj-360	51	27	from	from	ADP
aeasj-360	51	28	foreign	foreign	ADJ
aeasj-360	51	29	financial	financial	ADJ
aeasj-360	51	30	markets	market	NOUN
aeasj-360	51	31	in	in	ADP
aeasj-360	51	32	their	their	PRON
aeasj-360	51	33	own	own	ADJ
aeasj-360	51	34	currency	currency	NOUN
aeasj-360	51	35	,	,	PUNCT
aeasj-360	51	36	no	no	ADV
aeasj-360	51	37	matter	matter	ADV
aeasj-360	51	38	the	the	DET
aeasj-360	51	39	term	term	NOUN
aeasj-360	51	40	of	of	ADP
aeasj-360	51	41	the	the	DET
aeasj-360	51	42	debt	debt	NOUN
aeasj-360	51	43	.	.	PUNCT
aeasj-360	52	1	all	all	DET
aeasj-360	52	2	long	long	ADJ
aeasj-360	52	3	run	run	NOUN
aeasj-360	52	4	borrowings	borrowing	NOUN
aeasj-360	52	5	(	(	PUNCT
aeasj-360	52	6	domestic	domestic	ADJ
aeasj-360	52	7	or	or	CCONJ
aeasj-360	52	8	foreign	foreign	ADJ
aeasj-360	52	9	)	)	PUNCT
aeasj-360	52	10	must	must	AUX
aeasj-360	52	11	be	be	AUX
aeasj-360	52	12	made	make	VERB
aeasj-360	52	13	in	in	ADP
aeasj-360	52	14	foreign	foreign	ADJ
aeasj-360	52	15	currency	currency	NOUN
aeasj-360	52	16	.	.	PUNCT
aeasj-360	53	1	therefore	therefore	ADV
aeasj-360	53	2	,	,	PUNCT
aeasj-360	53	3	external	external	ADJ
aeasj-360	53	4	exposure	exposure	NOUN
aeasj-360	53	5	and	and	CCONJ
aeasj-360	53	6	exchange	exchange	NOUN
aeasj-360	53	7	rate	rate	NOUN
aeasj-360	53	8	regimes	regime	NOUN
aeasj-360	53	9	are	be	AUX
aeasj-360	53	10	unconnected	unconnected	ADJ
aeasj-360	53	11	.	.	PUNCT
aeasj-360	54	1	if	if	SCONJ
aeasj-360	54	2	the	the	DET
aeasj-360	54	3	principal	principal	ADJ
aeasj-360	54	4	causes	cause	VERB
aeasj-360	54	5	of	of	ADP
aeasj-360	54	6	external	external	ADJ
aeasj-360	54	7	exposure	exposure	NOUN
aeasj-360	54	8	are	be	AUX
aeasj-360	54	9	other	other	ADJ
aeasj-360	54	10	than	than	ADP
aeasj-360	54	11	the	the	DET
aeasj-360	54	12	external	external	ADJ
aeasj-360	54	13	borrowing	borrowing	NOUN
aeasj-360	54	14	in	in	ADP
aeasj-360	54	15	a	a	DET
aeasj-360	54	16	foreign	foreign	ADJ
aeasj-360	54	17	currency	currency	NOUN
aeasj-360	54	18	then	then	ADV
aeasj-360	54	19	,	,	PUNCT
aeasj-360	54	20	a	a	DET
aeasj-360	54	21	more	more	ADV
aeasj-360	54	22	flexible	flexible	ADJ
aeasj-360	54	23	exchange	exchange	NOUN
aeasj-360	54	24	rate	rate	NOUN
aeasj-360	54	25	will	will	AUX
aeasj-360	54	26	introduce	introduce	VERB
aeasj-360	54	27	some	some	DET
aeasj-360	54	28	exchange	exchange	NOUN
aeasj-360	54	29	rate	rate	NOUN
aeasj-360	54	30	risk	risk	NOUN
aeasj-360	54	31	leading	lead	VERB
aeasj-360	54	32	economic	economic	ADJ
aeasj-360	54	33	agents	agent	NOUN
aeasj-360	54	34	to	to	PART
aeasj-360	54	35	hedge	hedge	VERB
aeasj-360	54	36	their	their	PRON
aeasj-360	54	37	foreign	foreign	ADJ
aeasj-360	54	38	currency	currency	NOUN
aeasj-360	54	39	-	-	PUNCT
aeasj-360	54	40	positions	position	NOUN
aeasj-360	54	41	.	.	PUNCT
aeasj-360	55	1	this	this	PRON
aeasj-360	55	2	lowers	lower	VERB
aeasj-360	55	3	the	the	DET
aeasj-360	55	4	vulnerability	vulnerability	NOUN
aeasj-360	55	5	of	of	ADP
aeasj-360	55	6	domestic	domestic	ADJ
aeasj-360	55	7	firms	firm	NOUN
aeasj-360	55	8	and	and	CCONJ
aeasj-360	55	9	banks	bank	NOUN
aeasj-360	55	10	to	to	PART
aeasj-360	55	11	exchange	exchange	VERB
aeasj-360	55	12	rate	rate	NOUN
aeasj-360	55	13	changes	change	NOUN
aeasj-360	55	14	and	and	CCONJ
aeasj-360	55	15	world	world	NOUN
aeasj-360	55	16	financial	financial	ADJ
aeasj-360	55	17	markets	market	NOUN
aeasj-360	55	18	disturbances	disturbance	NOUN
aeasj-360	55	19	thereby	thereby	ADV
aeasj-360	55	20	leading	lead	VERB
aeasj-360	55	21	to	to	ADP
aeasj-360	55	22	a	a	DET
aeasj-360	55	23	lower	low	ADJ
aeasj-360	55	24	instability	instability	NOUN
aeasj-360	55	25	in	in	ADP
aeasj-360	55	26	growth	growth	NOUN
aeasj-360	55	27	rates	rate	NOUN
aeasj-360	55	28	.	.	PUNCT
aeasj-360	56	1	asides	aside	NOUN
aeasj-360	56	2	from	from	ADP
aeasj-360	56	3	risks	risk	NOUN
aeasj-360	56	4	related	relate	VERB
aeasj-360	56	5	to	to	ADP
aeasj-360	56	6	external	external	ADJ
aeasj-360	56	7	exposure	exposure	NOUN
aeasj-360	56	8	;	;	PUNCT
aeasj-360	56	9	fixed	fix	VERB
aeasj-360	56	10	exchange	exchange	NOUN
aeasj-360	56	11	rate	rate	NOUN
aeasj-360	56	12	regimes	regime	NOUN
aeasj-360	56	13	often	often	ADV
aeasj-360	56	14	come	come	VERB
aeasj-360	56	15	under	under	ADP
aeasj-360	56	16	speculative	speculative	ADJ
aeasj-360	56	17	attacks	attack	NOUN
aeasj-360	56	18	.	.	PUNCT
aeasj-360	57	1	levy	levy	NOUN
aeasj-360	57	2	,	,	PUNCT
aeasj-360	57	3	yeyati	yeyati	PROPN
aeasj-360	57	4	and	and	CCONJ
aeasj-360	57	5	sturzenegger	sturzenegger	NOUN
aeasj-360	57	6	(	(	PUNCT
aeasj-360	57	7	2002	2002	NUM
aeasj-360	57	8	)	)	PUNCT
aeasj-360	57	9	reached	reach	VERB
aeasj-360	57	10	the	the	DET
aeasj-360	57	11	conclusion	conclusion	NOUN
aeasj-360	57	12	that	that	SCONJ
aeasj-360	57	13	copyright	copyright	NOUN
aeasj-360	57	14	©	©	PROPN
aeasj-360	57	15	cc	cc	PROPN
aeasj-360	57	16	-	-	PUNCT
aeasj-360	57	17	by	by	ADP
aeasj-360	57	18	-	-	PUNCT
aeasj-360	57	19	nc	nc	PROPN
aeasj-360	57	20	2019	2019	NUM
aeasj-360	57	21	,	,	PUNCT
aeasj-360	57	22	cribfb	cribfb	VERB
aeasj-360	57	23	|	|	ADV
aeasj-360	57	24	aesr	aesr	ADV
aeasj-360	57	25	www.cribfb.com/journal/index.php/aesr	www.cribfb.com/journal/index.php/aesr	VERB
aeasj-360	57	26	american	american	PROPN
aeasj-360	57	27	economic	economic	PROPN
aeasj-360	57	28	&	&	CCONJ
aeasj-360	57	29	social	social	PROPN
aeasj-360	57	30	review	review	PROPN
aeasj-360	57	31	vol	vol	NOUN
aeasj-360	57	32	.	.	PROPN
aeasj-360	58	1	5	5	NUM
aeasj-360	58	2	,	,	PUNCT
aeasj-360	58	3	no	no	INTJ
aeasj-360	58	4	.	.	NOUN
aeasj-360	58	5	2	2	NUM
aeasj-360	58	6	;	;	PUNCT
aeasj-360	58	7	2019	2019	NUM
aeasj-360	58	8	23	23	NUM
aeasj-360	58	9	exchange	exchange	NOUN
aeasj-360	58	10	rate	rate	NOUN
aeasj-360	58	11	flexibility	flexibility	NOUN
aeasj-360	58	12	reduces	reduce	VERB
aeasj-360	58	13	growth	growth	NOUN
aeasj-360	58	14	volatility	volatility	NOUN
aeasj-360	58	15	in	in	ADP
aeasj-360	58	16	developing	develop	VERB
aeasj-360	58	17	countries	country	NOUN
aeasj-360	58	18	;	;	PUNCT
aeasj-360	58	19	whereas	whereas	ADV
aeasj-360	58	20	,	,	PUNCT
aeasj-360	58	21	fixed	fix	VERB
aeasj-360	58	22	and	and	CCONJ
aeasj-360	58	23	intermediate	intermediate	ADJ
aeasj-360	58	24	regimes	regime	NOUN
aeasj-360	58	25	perform	perform	VERB
aeasj-360	58	26	better	well	ADJ
aeasj-360	58	27	than	than	ADP
aeasj-360	58	28	floats	float	NOUN
aeasj-360	58	29	in	in	ADP
aeasj-360	58	30	industrialized	industrialized	ADJ
aeasj-360	58	31	countries	country	NOUN
aeasj-360	58	32	.	.	PUNCT
aeasj-360	59	1	bergwal	bergwal	NOUN
aeasj-360	59	2	(	(	PUNCT
aeasj-360	59	3	2002	2002	NUM
aeasj-360	59	4	)	)	PUNCT
aeasj-360	59	5	simulated	simulate	VERB
aeasj-360	59	6	the	the	DET
aeasj-360	59	7	swedish	swedish	PROPN
aeasj-360	59	8	gdp	gdp	PROPN
aeasj-360	59	9	stability	stability	NOUN
aeasj-360	59	10	over	over	ADP
aeasj-360	59	11	1974	1974	NUM
aeasj-360	59	12	-	-	SYM
aeasj-360	59	13	1994	1994	NUM
aeasj-360	59	14	with	with	ADP
aeasj-360	59	15	different	different	ADJ
aeasj-360	59	16	hypotheses	hypothesis	NOUN
aeasj-360	59	17	about	about	ADP
aeasj-360	59	18	the	the	DET
aeasj-360	59	19	exchange	exchange	NOUN
aeasj-360	59	20	rate	rate	NOUN
aeasj-360	59	21	regime	regime	NOUN
aeasj-360	59	22	.	.	PUNCT
aeasj-360	60	1	he	he	PRON
aeasj-360	60	2	concluded	conclude	VERB
aeasj-360	60	3	that	that	SCONJ
aeasj-360	60	4	the	the	DET
aeasj-360	60	5	gdp	gdp	NOUN
aeasj-360	60	6	would	would	AUX
aeasj-360	60	7	have	have	AUX
aeasj-360	60	8	been	be	AUX
aeasj-360	60	9	more	more	ADV
aeasj-360	60	10	slightly	slightly	ADV
aeasj-360	60	11	stable	stable	ADJ
aeasj-360	60	12	under	under	ADP
aeasj-360	60	13	flexible	flexible	ADJ
aeasj-360	60	14	exchange	exchange	NOUN
aeasj-360	60	15	rates	rate	NOUN
aeasj-360	60	16	than	than	ADP
aeasj-360	60	17	under	under	ADP
aeasj-360	60	18	the	the	DET
aeasj-360	60	19	actual	actual	ADJ
aeasj-360	60	20	adjustable	adjustable	ADJ
aeasj-360	60	21	peg	peg	NOUN
aeasj-360	60	22	which	which	PRON
aeasj-360	60	23	in	in	ADP
aeasj-360	60	24	turn	turn	NOUN
aeasj-360	60	25	would	would	AUX
aeasj-360	60	26	have	have	AUX
aeasj-360	60	27	clearly	clearly	ADV
aeasj-360	60	28	dominated	dominate	VERB
aeasj-360	60	29	an	an	DET
aeasj-360	60	30	irrevocably	irrevocably	ADV
aeasj-360	60	31	pegged	peg	VERB
aeasj-360	60	32	exchange	exchange	NOUN
aeasj-360	60	33	rate	rate	NOUN
aeasj-360	60	34	.	.	PUNCT
aeasj-360	61	1	2.2	2.2	NUM
aeasj-360	61	2	theoretical	theoretical	ADJ
aeasj-360	61	3	frame	frame	NOUN
aeasj-360	61	4	work	work	NOUN
aeasj-360	61	5	2.2.1	2.2.1	NUM
aeasj-360	61	6	purchasing	purchasing	NOUN
aeasj-360	61	7	power	power	NOUN
aeasj-360	61	8	parity	parity	NOUN
aeasj-360	61	9	(	(	PUNCT
aeasj-360	61	10	ppp	ppp	NOUN
aeasj-360	61	11	)	)	PUNCT
aeasj-360	61	12	theory	theory	NOUN
aeasj-360	61	13	the	the	DET
aeasj-360	61	14	purchasing	purchase	VERB
aeasj-360	61	15	power	power	NOUN
aeasj-360	61	16	theorem	theorem	NOUN
aeasj-360	61	17	as	as	ADP
aeasj-360	61	18	posit	posit	NOUN
aeasj-360	61	19	by	by	ADP
aeasj-360	61	20	kuttner	kuttner	NOUN
aeasj-360	61	21	and	and	CCONJ
aeasj-360	61	22	posen	posen	PROPN
aeasj-360	61	23	(	(	PUNCT
aeasj-360	61	24	2006	2006	NUM
aeasj-360	61	25	)	)	PUNCT
aeasj-360	61	26	assumed	assume	VERB
aeasj-360	61	27	that	that	SCONJ
aeasj-360	61	28	the	the	DET
aeasj-360	61	29	normal	normal	ADJ
aeasj-360	61	30	equilibrium	equilibrium	NOUN
aeasj-360	61	31	rate	rate	NOUN
aeasj-360	61	32	of	of	ADP
aeasj-360	61	33	exchange	exchange	NOUN
aeasj-360	61	34	existing	exist	VERB
aeasj-360	61	35	between	between	ADP
aeasj-360	61	36	two	two	NUM
aeasj-360	61	37	inconvertible	inconvertible	ADJ
aeasj-360	61	38	currencies	currency	NOUN
aeasj-360	61	39	is	be	AUX
aeasj-360	61	40	determined	determine	VERB
aeasj-360	61	41	by	by	ADP
aeasj-360	61	42	the	the	DET
aeasj-360	61	43	ratios	ratio	NOUN
aeasj-360	61	44	of	of	ADP
aeasj-360	61	45	their	their	PRON
aeasj-360	61	46	purchasing	purchase	VERB
aeasj-360	61	47	powers	power	NOUN
aeasj-360	61	48	;	;	PUNCT
aeasj-360	61	49	hence	hence	ADV
aeasj-360	61	50	the	the	DET
aeasj-360	61	51	rate	rate	NOUN
aeasj-360	61	52	of	of	ADP
aeasj-360	61	53	exchange	exchange	NOUN
aeasj-360	61	54	tends	tend	VERB
aeasj-360	61	55	to	to	PART
aeasj-360	61	56	be	be	AUX
aeasj-360	61	57	established	establish	VERB
aeasj-360	61	58	at	at	ADP
aeasj-360	61	59	the	the	DET
aeasj-360	61	60	point	point	NOUN
aeasj-360	61	61	of	of	ADP
aeasj-360	61	62	equality	equality	NOUN
aeasj-360	61	63	between	between	ADP
aeasj-360	61	64	the	the	DET
aeasj-360	61	65	purchasing	purchase	VERB
aeasj-360	61	66	powers	power	NOUN
aeasj-360	61	67	of	of	ADP
aeasj-360	61	68	the	the	DET
aeasj-360	61	69	two	two	NUM
aeasj-360	61	70	currencies	currency	NOUN
aeasj-360	61	71	.	.	PUNCT
aeasj-360	62	1	in	in	ADP
aeasj-360	62	2	essence	essence	NOUN
aeasj-360	62	3	,	,	PUNCT
aeasj-360	62	4	when	when	SCONJ
aeasj-360	62	5	one	one	NUM
aeasj-360	62	6	country	country	NOUN
aeasj-360	62	7	’s	’s	PART
aeasj-360	62	8	inflation	inflation	NOUN
aeasj-360	62	9	rate	rate	NOUN
aeasj-360	62	10	rises	rise	VERB
aeasj-360	62	11	relative	relative	ADJ
aeasj-360	62	12	to	to	ADP
aeasj-360	62	13	that	that	PRON
aeasj-360	62	14	of	of	ADP
aeasj-360	62	15	another	another	DET
aeasj-360	62	16	country	country	NOUN
aeasj-360	62	17	,	,	PUNCT
aeasj-360	62	18	decrease	decrease	VERB
aeasj-360	62	19	exports	export	NOUN
aeasj-360	62	20	and	and	CCONJ
aeasj-360	62	21	increases	increase	VERB
aeasj-360	62	22	imports	import	NOUN
aeasj-360	62	23	depress	depress	VERB
aeasj-360	62	24	the	the	DET
aeasj-360	62	25	country	country	NOUN
aeasj-360	62	26	’s	’s	PART
aeasj-360	62	27	currency	currency	NOUN
aeasj-360	62	28	.	.	PUNCT
aeasj-360	63	1	the	the	DET
aeasj-360	63	2	theory	theory	NOUN
aeasj-360	63	3	attempts	attempt	VERB
aeasj-360	63	4	to	to	PART
aeasj-360	63	5	quantify	quantify	VERB
aeasj-360	63	6	inflation	inflation	NOUN
aeasj-360	63	7	-	-	PUNCT
aeasj-360	63	8	exchange	exchange	NOUN
aeasj-360	63	9	rate	rate	NOUN
aeasj-360	63	10	relationship	relationship	NOUN
aeasj-360	63	11	by	by	ADP
aeasj-360	63	12	insisting	insist	VERB
aeasj-360	63	13	that	that	SCONJ
aeasj-360	63	14	changes	change	NOUN
aeasj-360	63	15	in	in	ADP
aeasj-360	63	16	exchange	exchange	NOUN
aeasj-360	63	17	rate	rate	NOUN
aeasj-360	63	18	are	be	AUX
aeasj-360	63	19	caused	cause	VERB
aeasj-360	63	20	by	by	ADP
aeasj-360	63	21	the	the	DET
aeasj-360	63	22	inflation	inflation	NOUN
aeasj-360	63	23	rate	rate	NOUN
aeasj-360	63	24	differentials	differential	NOUN
aeasj-360	63	25	.	.	PUNCT
aeasj-360	64	1	in	in	ADP
aeasj-360	64	2	absolute	absolute	ADJ
aeasj-360	64	3	terms	term	NOUN
aeasj-360	64	4	,	,	PUNCT
aeasj-360	64	5	ppp	ppp	PROPN
aeasj-360	64	6	theory	theory	NOUN
aeasj-360	64	7	states	state	VERB
aeasj-360	64	8	that	that	SCONJ
aeasj-360	64	9	the	the	DET
aeasj-360	64	10	exchange	exchange	NOUN
aeasj-360	64	11	rate	rate	NOUN
aeasj-360	64	12	between	between	ADP
aeasj-360	64	13	the	the	DET
aeasj-360	64	14	currencies	currency	NOUN
aeasj-360	64	15	of	of	ADP
aeasj-360	64	16	two	two	NUM
aeasj-360	64	17	countries	country	NOUN
aeasj-360	64	18	equals	equal	VERB
aeasj-360	64	19	the	the	DET
aeasj-360	64	20	ratio	ratio	NOUN
aeasj-360	64	21	between	between	ADP
aeasj-360	64	22	the	the	DET
aeasj-360	64	23	prices	price	NOUN
aeasj-360	64	24	of	of	ADP
aeasj-360	64	25	goods	good	NOUN
aeasj-360	64	26	in	in	ADP
aeasj-360	64	27	these	these	DET
aeasj-360	64	28	countries	country	NOUN
aeasj-360	64	29	,	,	PUNCT
aeasj-360	64	30	implying	imply	VERB
aeasj-360	64	31	that	that	SCONJ
aeasj-360	64	32	exchange	exchange	NOUN
aeasj-360	64	33	rate	rate	NOUN
aeasj-360	64	34	must	must	AUX
aeasj-360	64	35	change	change	VERB
aeasj-360	64	36	to	to	PART
aeasj-360	64	37	adjust	adjust	VERB
aeasj-360	64	38	to	to	ADP
aeasj-360	64	39	the	the	DET
aeasj-360	64	40	change	change	NOUN
aeasj-360	64	41	in	in	ADP
aeasj-360	64	42	the	the	DET
aeasj-360	64	43	prices	price	NOUN
aeasj-360	64	44	of	of	ADP
aeasj-360	64	45	goods	good	NOUN
aeasj-360	64	46	in	in	ADP
aeasj-360	64	47	the	the	DET
aeasj-360	64	48	two	two	NUM
aeasj-360	64	49	countries	country	NOUN
aeasj-360	64	50	.	.	PUNCT
aeasj-360	65	1	according	accord	VERB
aeasj-360	65	2	to	to	ADP
aeasj-360	65	3	kara	kara	PROPN
aeasj-360	65	4	&	&	CCONJ
aeasj-360	65	5	nelson	nelson	PROPN
aeasj-360	65	6	(	(	PUNCT
aeasj-360	65	7	2002	2002	NUM
aeasj-360	65	8	)	)	PUNCT
aeasj-360	65	9	,	,	PUNCT
aeasj-360	65	10	the	the	DET
aeasj-360	65	11	expected	expect	VERB
aeasj-360	65	12	inflation	inflation	NOUN
aeasj-360	65	13	differential	differential	NOUN
aeasj-360	65	14	equals	equal	VERB
aeasj-360	65	15	the	the	DET
aeasj-360	65	16	current	current	ADJ
aeasj-360	65	17	spot	spot	NOUN
aeasj-360	65	18	rate	rate	NOUN
aeasj-360	65	19	and	and	CCONJ
aeasj-360	65	20	the	the	DET
aeasj-360	65	21	expected	expect	VERB
aeasj-360	65	22	spot	spot	NOUN
aeasj-360	65	23	rate	rate	NOUN
aeasj-360	65	24	differential	differential	NOUN
aeasj-360	65	25	.	.	PUNCT
aeasj-360	66	1	the	the	DET
aeasj-360	66	2	ppp	ppp	NOUN
aeasj-360	66	3	in	in	ADP
aeasj-360	66	4	its	its	PRON
aeasj-360	66	5	simplest	simple	ADJ
aeasj-360	66	6	form	form	NOUN
aeasj-360	66	7	asserts	assert	VERB
aeasj-360	66	8	that	that	SCONJ
aeasj-360	66	9	in	in	ADP
aeasj-360	66	10	the	the	DET
aeasj-360	66	11	long	long	ADJ
aeasj-360	66	12	run	run	NOUN
aeasj-360	66	13	,	,	PUNCT
aeasj-360	66	14	changes	change	NOUN
aeasj-360	66	15	in	in	ADP
aeasj-360	66	16	exchange	exchange	NOUN
aeasj-360	66	17	rate	rate	NOUN
aeasj-360	66	18	among	among	ADP
aeasj-360	66	19	countries	country	NOUN
aeasj-360	66	20	will	will	AUX
aeasj-360	66	21	tend	tend	VERB
aeasj-360	66	22	to	to	PART
aeasj-360	66	23	reflect	reflect	VERB
aeasj-360	66	24	changes	change	NOUN
aeasj-360	66	25	in	in	ADP
aeasj-360	66	26	relative	relative	ADJ
aeasj-360	66	27	price	price	NOUN
aeasj-360	66	28	level	level	NOUN
aeasj-360	66	29	.	.	PUNCT
aeasj-360	67	1	kamin	kamin	PROPN
aeasj-360	67	2	&	&	CCONJ
aeasj-360	67	3	klau	klau	PROPN
aeasj-360	67	4	(	(	PUNCT
aeasj-360	67	5	2003	2003	NUM
aeasj-360	67	6	)	)	PUNCT
aeasj-360	67	7	,	,	PUNCT
aeasj-360	67	8	are	be	AUX
aeasj-360	67	9	of	of	ADP
aeasj-360	67	10	the	the	DET
aeasj-360	67	11	view	view	NOUN
aeasj-360	67	12	that	that	SCONJ
aeasj-360	67	13	if	if	SCONJ
aeasj-360	67	14	exchange	exchange	NOUN
aeasj-360	67	15	rates	rate	NOUN
aeasj-360	67	16	are	be	AUX
aeasj-360	67	17	floating	float	VERB
aeasj-360	67	18	,	,	PUNCT
aeasj-360	67	19	the	the	DET
aeasj-360	67	20	observed	observe	VERB
aeasj-360	67	21	movement	movement	NOUN
aeasj-360	67	22	can	can	AUX
aeasj-360	67	23	be	be	AUX
aeasj-360	67	24	explained	explain	VERB
aeasj-360	67	25	entirely	entirely	ADV
aeasj-360	67	26	in	in	ADP
aeasj-360	67	27	terms	term	NOUN
aeasj-360	67	28	of	of	ADP
aeasj-360	67	29	changes	change	NOUN
aeasj-360	67	30	in	in	ADP
aeasj-360	67	31	relative	relative	ADJ
aeasj-360	67	32	purchasing	purchasing	NOUN
aeasj-360	67	33	power	power	NOUN
aeasj-360	67	34	and	and	CCONJ
aeasj-360	67	35	when	when	SCONJ
aeasj-360	67	36	it	it	PRON
aeasj-360	67	37	is	be	AUX
aeasj-360	67	38	fixed	fix	VERB
aeasj-360	67	39	,	,	PUNCT
aeasj-360	67	40	equilibrium	equilibrium	NOUN
aeasj-360	67	41	can	can	AUX
aeasj-360	67	42	be	be	AUX
aeasj-360	67	43	determined	determine	VERB
aeasj-360	67	44	by	by	ADP
aeasj-360	67	45	comparing	compare	VERB
aeasj-360	67	46	satisfactory	satisfactory	ADJ
aeasj-360	67	47	methods	method	NOUN
aeasj-360	67	48	for	for	ADP
aeasj-360	67	49	:	:	PUNCT
aeasj-360	67	50			VERB
aeasj-360	67	51	explaining	explain	VERB
aeasj-360	67	52	the	the	DET
aeasj-360	67	53	observed	observed	ADJ
aeasj-360	67	54	movements	movement	NOUN
aeasj-360	67	55	in	in	ADP
aeasj-360	67	56	exchange	exchange	NOUN
aeasj-360	67	57	rates	rate	NOUN
aeasj-360	67	58	for	for	ADP
aeasj-360	67	59	countries	country	NOUN
aeasj-360	67	60	whose	whose	DET
aeasj-360	67	61	rates	rate	NOUN
aeasj-360	67	62	were	be	AUX
aeasj-360	67	63	floating	float	VERB
aeasj-360	67	64	.	.	PUNCT
aeasj-360	68	1			PUNCT
aeasj-360	69	1	determining	determine	VERB
aeasj-360	69	2	equilibrium	equilibrium	NOUN
aeasj-360	69	3	parity	parity	NOUN
aeasj-360	69	4	rates	rate	NOUN
aeasj-360	69	5	for	for	ADP
aeasj-360	69	6	the	the	DET
aeasj-360	69	7	countries	country	NOUN
aeasj-360	69	8	whose	whose	DET
aeasj-360	69	9	surviving	survive	VERB
aeasj-360	69	10	rates	rate	NOUN
aeasj-360	69	11	were	be	AUX
aeasj-360	69	12	out	out	ADP
aeasj-360	69	13	of	of	ADP
aeasj-360	69	14	line	line	NOUN
aeasj-360	69	15	with	with	ADP
aeasj-360	69	16	post	post	NOUN
aeasj-360	69	17	war	war	NOUN
aeasj-360	69	18	market	market	NOUN
aeasj-360	69	19	conditions	condition	NOUN
aeasj-360	69	20	.	.	PUNCT
aeasj-360	70	1			X
aeasj-360	71	1	assessing	assess	VERB
aeasj-360	71	2	the	the	DET
aeasj-360	71	3	appropriateness	appropriateness	NOUN
aeasj-360	71	4	of	of	ADP
aeasj-360	71	5	an	an	DET
aeasj-360	71	6	exchange	exchange	NOUN
aeasj-360	71	7	rate	rate	NOUN
aeasj-360	71	8	.	.	PUNCT
aeasj-360	72	1	grigorianm	grigorianm	PROPN
aeasj-360	72	2	(	(	PUNCT
aeasj-360	72	3	2004	2004	NUM
aeasj-360	72	4	)	)	PUNCT
aeasj-360	72	5	opined	opine	VERB
aeasj-360	72	6	that	that	SCONJ
aeasj-360	72	7	despite	despite	SCONJ
aeasj-360	72	8	criticisms	criticism	NOUN
aeasj-360	72	9	of	of	ADP
aeasj-360	72	10	ppp	ppp	PROPN
aeasj-360	72	11	theory	theory	NOUN
aeasj-360	72	12	,	,	PUNCT
aeasj-360	72	13	the	the	DET
aeasj-360	72	14	theoretical	theoretical	ADJ
aeasj-360	72	15	foundation	foundation	NOUN
aeasj-360	72	16	and	and	CCONJ
aeasj-360	72	17	explanation	explanation	NOUN
aeasj-360	72	18	may	may	AUX
aeasj-360	72	19	sound	sound	VERB
aeasj-360	72	20	reasonable	reasonable	ADJ
aeasj-360	72	21	and	and	CCONJ
aeasj-360	72	22	acceptable	acceptable	ADJ
aeasj-360	72	23	but	but	CCONJ
aeasj-360	72	24	its	its	PRON
aeasj-360	72	25	practical	practical	ADJ
aeasj-360	72	26	application	application	NOUN
aeasj-360	72	27	in	in	ADP
aeasj-360	72	28	real	real	ADJ
aeasj-360	72	29	situation	situation	NOUN
aeasj-360	72	30	may	may	AUX
aeasj-360	72	31	be	be	AUX
aeasj-360	72	32	an	an	DET
aeasj-360	72	33	illusion	illusion	NOUN
aeasj-360	72	34	,	,	PUNCT
aeasj-360	72	35	especially	especially	ADV
aeasj-360	72	36	in	in	ADP
aeasj-360	72	37	the	the	DET
aeasj-360	72	38	long	long	ADJ
aeasj-360	72	39	run	run	NOUN
aeasj-360	72	40	.	.	PUNCT
aeasj-360	73	1	nucu	nucu	NOUN
aeasj-360	73	2	(	(	PUNCT
aeasj-360	73	3	2011	2011	NUM
aeasj-360	73	4	)	)	PUNCT
aeasj-360	73	5	however	however	SCONJ
aeasj-360	73	6	posits	posit	NOUN
aeasj-360	73	7	that	that	SCONJ
aeasj-360	73	8	the	the	DET
aeasj-360	73	9	pitfalls	pitfall	NOUN
aeasj-360	73	10	notwithstanding	notwithstanding	ADP
aeasj-360	73	11	,	,	PUNCT
aeasj-360	73	12	ppp	ppp	NOUN
aeasj-360	73	13	theory	theory	NOUN
aeasj-360	73	14	is	be	AUX
aeasj-360	73	15	generally	generally	ADV
aeasj-360	73	16	a	a	DET
aeasj-360	73	17	sine	sine	NOUN
aeasj-360	73	18	-	-	PUNCT
aeasj-360	73	19	quo	quo	NOUN
aeasj-360	73	20	-	-	PUNCT
aeasj-360	73	21	non	non	NOUN
aeasj-360	73	22	in	in	ADP
aeasj-360	73	23	the	the	DET
aeasj-360	73	24	exchange	exchange	NOUN
aeasj-360	73	25	rate	rate	NOUN
aeasj-360	73	26	determination	determination	NOUN
aeasj-360	73	27	literature	literature	NOUN
aeasj-360	73	28	,	,	PUNCT
aeasj-360	73	29	and	and	CCONJ
aeasj-360	73	30	continues	continue	VERB
aeasj-360	73	31	to	to	PART
aeasj-360	73	32	remain	remain	VERB
aeasj-360	73	33	relevant	relevant	ADJ
aeasj-360	73	34	in	in	ADP
aeasj-360	73	35	the	the	DET
aeasj-360	73	36	determination	determination	NOUN
aeasj-360	73	37	of	of	ADP
aeasj-360	73	38	exchange	exchange	NOUN
aeasj-360	73	39	rate	rate	NOUN
aeasj-360	73	40	among	among	ADP
aeasj-360	73	41	countries	country	NOUN
aeasj-360	73	42	of	of	ADP
aeasj-360	73	43	the	the	DET
aeasj-360	73	44	world	world	NOUN
aeasj-360	73	45	.	.	PUNCT
aeasj-360	74	1	2.2.2	2.2.2	NUM
aeasj-360	74	2	monetary	monetary	ADJ
aeasj-360	74	3	theory	theory	NOUN
aeasj-360	74	4	the	the	DET
aeasj-360	74	5	monetary	monetary	ADJ
aeasj-360	74	6	theory	theory	NOUN
aeasj-360	74	7	of	of	ADP
aeasj-360	74	8	exchange	exchange	NOUN
aeasj-360	74	9	rate	rate	NOUN
aeasj-360	74	10	determination	determination	NOUN
aeasj-360	74	11	is	be	AUX
aeasj-360	74	12	one	one	NUM
aeasj-360	74	13	of	of	ADP
aeasj-360	74	14	the	the	DET
aeasj-360	74	15	most	most	ADV
aeasj-360	74	16	recent	recent	ADJ
aeasj-360	74	17	models	model	NOUN
aeasj-360	74	18	that	that	PRON
aeasj-360	74	19	have	have	AUX
aeasj-360	74	20	generated	generate	VERB
aeasj-360	74	21	lively	lively	ADJ
aeasj-360	74	22	debate	debate	NOUN
aeasj-360	74	23	in	in	ADP
aeasj-360	74	24	international	international	ADJ
aeasj-360	74	25	accounting	accounting	NOUN
aeasj-360	74	26	,	,	PUNCT
aeasj-360	74	27	economics	economic	NOUN
aeasj-360	74	28	and	and	CCONJ
aeasj-360	74	29	finance	finance	NOUN
aeasj-360	74	30	;	;	PUNCT
aeasj-360	74	31	which	which	PRON
aeasj-360	74	32	indeed	indeed	ADV
aeasj-360	74	33	has	have	AUX
aeasj-360	74	34	made	make	VERB
aeasj-360	74	35	it	it	PRON
aeasj-360	74	36	very	very	ADV
aeasj-360	74	37	popular	popular	ADJ
aeasj-360	74	38	.	.	PUNCT
aeasj-360	75	1	the	the	DET
aeasj-360	75	2	theory	theory	NOUN
aeasj-360	75	3	is	be	AUX
aeasj-360	75	4	presently	presently	ADV
aeasj-360	75	5	the	the	DET
aeasj-360	75	6	last	last	ADJ
aeasj-360	75	7	in	in	ADP
aeasj-360	75	8	the	the	DET
aeasj-360	75	9	well	well	ADV
aeasj-360	75	10	-	-	PUNCT
aeasj-360	75	11	known	know	VERB
aeasj-360	75	12	tradition	tradition	NOUN
aeasj-360	75	13	of	of	ADP
aeasj-360	75	14	the	the	DET
aeasj-360	75	15	monetarists	monetarist	NOUN
aeasj-360	75	16	or	or	CCONJ
aeasj-360	75	17	the	the	DET
aeasj-360	75	18	monetarist	monetarist	ADJ
aeasj-360	75	19	school	school	NOUN
aeasj-360	75	20	,	,	PUNCT
aeasj-360	75	21	which	which	PRON
aeasj-360	75	22	regards	regard	VERB
aeasj-360	75	23	money	money	NOUN
aeasj-360	75	24	as	as	ADP
aeasj-360	75	25	the	the	DET
aeasj-360	75	26	major	major	ADJ
aeasj-360	75	27	prime	prime	ADJ
aeasj-360	75	28	move	move	NOUN
aeasj-360	75	29	in	in	ADP
aeasj-360	75	30	an	an	DET
aeasj-360	75	31	economy	economy	NOUN
aeasj-360	75	32	.	.	PUNCT
aeasj-360	76	1	thus	thus	ADV
aeasj-360	76	2	the	the	DET
aeasj-360	76	3	monetary	monetary	ADJ
aeasj-360	76	4	approach	approach	NOUN
aeasj-360	76	5	,	,	PUNCT
aeasj-360	76	6	as	as	SCONJ
aeasj-360	76	7	it	it	PRON
aeasj-360	76	8	is	be	AUX
aeasj-360	76	9	sometimes	sometimes	ADV
aeasj-360	76	10	called	call	VERB
aeasj-360	76	11	,	,	PUNCT
aeasj-360	76	12	directs	direct	VERB
aeasj-360	76	13	attention	attention	NOUN
aeasj-360	76	14	to	to	ADP
aeasj-360	76	15	the	the	DET
aeasj-360	76	16	money	money	NOUN
aeasj-360	76	17	stock	stock	NOUN
aeasj-360	76	18	as	as	ADP
aeasj-360	76	19	a	a	DET
aeasj-360	76	20	primary	primary	ADJ
aeasj-360	76	21	determinant	determinant	NOUN
aeasj-360	76	22	of	of	ADP
aeasj-360	76	23	the	the	DET
aeasj-360	76	24	level	level	NOUN
aeasj-360	76	25	of	of	ADP
aeasj-360	76	26	exchange	exchange	NOUN
aeasj-360	76	27	rates	rate	NOUN
aeasj-360	76	28	.	.	PUNCT
aeasj-360	77	1	its	its	PRON
aeasj-360	77	2	major	major	ADJ
aeasj-360	77	3	thrust	thrust	NOUN
aeasj-360	77	4	is	be	AUX
aeasj-360	77	5	the	the	DET
aeasj-360	77	6	assertion	assertion	NOUN
aeasj-360	77	7	that	that	SCONJ
aeasj-360	77	8	exchange	exchange	NOUN
aeasj-360	77	9	rate	rate	NOUN
aeasj-360	77	10	fluctuations	fluctuation	NOUN
aeasj-360	77	11	are	be	AUX
aeasj-360	77	12	largely	largely	ADV
aeasj-360	77	13	explicable	explicable	ADJ
aeasj-360	77	14	in	in	ADP
aeasj-360	77	15	terms	term	NOUN
aeasj-360	77	16	of	of	ADP
aeasj-360	77	17	variations	variation	NOUN
aeasj-360	77	18	in	in	ADP
aeasj-360	77	19	the	the	DET
aeasj-360	77	20	relative	relative	ADJ
aeasj-360	77	21	supplies	supply	NOUN
aeasj-360	77	22	of	of	ADP
aeasj-360	77	23	national	national	ADJ
aeasj-360	77	24	currencies	currency	NOUN
aeasj-360	77	25	.	.	PUNCT
aeasj-360	78	1	within	within	ADP
aeasj-360	78	2	the	the	DET
aeasj-360	78	3	context	context	NOUN
aeasj-360	78	4	of	of	ADP
aeasj-360	78	5	this	this	DET
aeasj-360	78	6	view	view	NOUN
aeasj-360	78	7	point	point	NOUN
aeasj-360	78	8	,	,	PUNCT
aeasj-360	78	9	the	the	DET
aeasj-360	78	10	monetary	monetary	ADJ
aeasj-360	78	11	approach	approach	NOUN
aeasj-360	78	12	suggest	suggest	VERB
aeasj-360	78	13	that	that	SCONJ
aeasj-360	78	14	the	the	DET
aeasj-360	78	15	money	money	NOUN
aeasj-360	78	16	supply	supply	NOUN
aeasj-360	78	17	could	could	AUX
aeasj-360	78	18	be	be	AUX
aeasj-360	78	19	used	use	VERB
aeasj-360	78	20	to	to	PART
aeasj-360	78	21	forecast	forecast	VERB
aeasj-360	78	22	movement	movement	NOUN
aeasj-360	78	23	of	of	ADP
aeasj-360	78	24	exchange	exchange	NOUN
aeasj-360	78	25	rates	rate	NOUN
aeasj-360	78	26	,	,	PUNCT
aeasj-360	78	27	and	and	CCONJ
aeasj-360	78	28	that	that	SCONJ
aeasj-360	78	29	there	there	PRON
aeasj-360	78	30	exists	exist	VERB
aeasj-360	78	31	an	an	DET
aeasj-360	78	32	observable	observable	ADJ
aeasj-360	78	33	causal	causal	ADJ
aeasj-360	78	34	relationship	relationship	NOUN
aeasj-360	78	35	between	between	ADP
aeasj-360	78	36	exchange	exchange	NOUN
aeasj-360	78	37	rates	rate	NOUN
aeasj-360	78	38	and	and	CCONJ
aeasj-360	78	39	changes	change	NOUN
aeasj-360	78	40	in	in	ADP
aeasj-360	78	41	money	money	NOUN
aeasj-360	78	42	supply	supply	NOUN
aeasj-360	78	43	.	.	PUNCT
aeasj-360	79	1	levacic	levacic	NOUN
aeasj-360	79	2	and	and	CCONJ
aeasj-360	79	3	rebmann	rebmann	NOUN
aeasj-360	79	4	(	(	PUNCT
aeasj-360	79	5	1982	1982	NUM
aeasj-360	79	6	)	)	PUNCT
aeasj-360	79	7	pointed	point	VERB
aeasj-360	79	8	out	out	ADP
aeasj-360	79	9	that	that	SCONJ
aeasj-360	79	10	by	by	ADP
aeasj-360	79	11	the	the	DET
aeasj-360	79	12	monetarists	monetarist	NOUN
aeasj-360	79	13	model	model	NOUN
aeasj-360	79	14	,	,	PUNCT
aeasj-360	79	15	changes	change	NOUN
aeasj-360	79	16	in	in	ADP
aeasj-360	79	17	economic	economic	ADJ
aeasj-360	79	18	variables	variable	NOUN
aeasj-360	79	19	affect	affect	VERB
aeasj-360	79	20	the	the	DET
aeasj-360	79	21	exchange	exchange	NOUN
aeasj-360	79	22	rate	rate	NOUN
aeasj-360	79	23	through	through	ADP
aeasj-360	79	24	their	their	PRON
aeasj-360	79	25	impact	impact	NOUN
aeasj-360	79	26	on	on	ADP
aeasj-360	79	27	the	the	DET
aeasj-360	79	28	demand	demand	NOUN
aeasj-360	79	29	for	for	ADP
aeasj-360	79	30	and	and	CCONJ
aeasj-360	79	31	supply	supply	NOUN
aeasj-360	79	32	of	of	ADP
aeasj-360	79	33	money	money	NOUN
aeasj-360	79	34	balances	balance	NOUN
aeasj-360	79	35	.	.	PUNCT
aeasj-360	80	1	the	the	DET
aeasj-360	80	2	theory	theory	NOUN
aeasj-360	80	3	thus	thus	ADV
aeasj-360	80	4	stresses	stress	VERB
aeasj-360	80	5	the	the	DET
aeasj-360	80	6	view	view	NOUN
aeasj-360	80	7	that	that	SCONJ
aeasj-360	80	8	the	the	DET
aeasj-360	80	9	supply	supply	NOUN
aeasj-360	80	10	of	of	ADP
aeasj-360	80	11	and	and	CCONJ
aeasj-360	80	12	demand	demand	NOUN
aeasj-360	80	13	for	for	ADP
aeasj-360	80	14	money	money	NOUN
aeasj-360	80	15	are	be	AUX
aeasj-360	80	16	strong	strong	ADJ
aeasj-360	80	17	forces	force	NOUN
aeasj-360	80	18	in	in	ADP
aeasj-360	80	19	determining	determine	VERB
aeasj-360	80	20	a	a	DET
aeasj-360	80	21	country	country	NOUN
aeasj-360	80	22	’s	’s	PART
aeasj-360	80	23	external	external	ADJ
aeasj-360	80	24	position	position	NOUN
aeasj-360	80	25	.	.	PUNCT
aeasj-360	81	1	an	an	DET
aeasj-360	81	2	increase	increase	NOUN
aeasj-360	81	3	in	in	ADP
aeasj-360	81	4	the	the	DET
aeasj-360	81	5	demand	demand	NOUN
aeasj-360	81	6	for	for	ADP
aeasj-360	81	7	a	a	DET
aeasj-360	81	8	country	country	NOUN
aeasj-360	81	9	’s	’s	PART
aeasj-360	81	10	money	money	NOUN
aeasj-360	81	11	will	will	AUX
aeasj-360	81	12	lead	lead	VERB
aeasj-360	81	13	to	to	ADP
aeasj-360	81	14	surpluses	surplus	NOUN
aeasj-360	81	15	in	in	ADP
aeasj-360	81	16	the	the	DET
aeasj-360	81	17	balance	balance	NOUN
aeasj-360	81	18	of	of	ADP
aeasj-360	81	19	payments	payment	NOUN
aeasj-360	81	20	while	while	SCONJ
aeasj-360	81	21	an	an	DET
aeasj-360	81	22	increase	increase	NOUN
aeasj-360	81	23	in	in	ADP
aeasj-360	81	24	the	the	DET
aeasj-360	81	25	supply	supply	NOUN
aeasj-360	81	26	of	of	ADP
aeasj-360	81	27	money	money	NOUN
aeasj-360	81	28	,	,	PUNCT
aeasj-360	81	29	ceteris	ceteris	NOUN
aeasj-360	81	30	paribus	paribus	NOUN
aeasj-360	81	31	,	,	PUNCT
aeasj-360	81	32	will	will	AUX
aeasj-360	81	33	give	give	VERB
aeasj-360	81	34	rise	rise	NOUN
aeasj-360	81	35	to	to	ADP
aeasj-360	81	36	deficits	deficit	NOUN
aeasj-360	81	37	.	.	PUNCT
aeasj-360	82	1	according	accord	VERB
aeasj-360	82	2	to	to	ADP
aeasj-360	82	3	ardalan	ardalan	NOUN
aeasj-360	82	4	(	(	PUNCT
aeasj-360	82	5	2003	2003	NUM
aeasj-360	82	6	)	)	PUNCT
aeasj-360	82	7	,	,	PUNCT
aeasj-360	82	8	the	the	DET
aeasj-360	82	9	monetary	monetary	ADJ
aeasj-360	82	10	approach	approach	NOUN
aeasj-360	82	11	concerns	concern	VERB
aeasj-360	82	12	itself	itself	PRON
aeasj-360	82	13	with	with	ADP
aeasj-360	82	14	the	the	DET
aeasj-360	82	15	deficit	deficit	NOUN
aeasj-360	82	16	on	on	ADP
aeasj-360	82	17	monetary	monetary	ADJ
aeasj-360	82	18	account	account	NOUN
aeasj-360	82	19	,	,	PUNCT
aeasj-360	82	20	which	which	PRON
aeasj-360	82	21	in	in	ADP
aeasj-360	82	22	principle	principle	NOUN
aeasj-360	82	23	,	,	PUNCT
aeasj-360	82	24	consists	consist	VERB
aeasj-360	82	25	of	of	ADP
aeasj-360	82	26	the	the	DET
aeasj-360	82	27	items	item	NOUN
aeasj-360	82	28	that	that	PRON
aeasj-360	82	29	affect	affect	VERB
aeasj-360	82	30	the	the	DET
aeasj-360	82	31	domestic	domestic	ADJ
aeasj-360	82	32	monetary	monetary	ADJ
aeasj-360	82	33	base	base	NOUN
aeasj-360	82	34	.	.	PUNCT
aeasj-360	83	1	the	the	DET
aeasj-360	83	2	model	model	NOUN
aeasj-360	83	3	emphasizes	emphasize	VERB
aeasj-360	83	4	the	the	DET
aeasj-360	83	5	monetary	monetary	ADJ
aeasj-360	83	6	aspects	aspect	NOUN
aeasj-360	83	7	of	of	ADP
aeasj-360	83	8	the	the	DET
aeasj-360	83	9	balance	balance	NOUN
aeasj-360	83	10	of	of	ADP
aeasj-360	83	11	payments	payment	NOUN
aeasj-360	83	12	,	,	PUNCT
aeasj-360	83	13	looks	look	VERB
aeasj-360	83	14	beyond	beyond	ADP
aeasj-360	83	15	merchandise	merchandise	NOUN
aeasj-360	83	16	trade	trade	NOUN
aeasj-360	83	17	and	and	CCONJ
aeasj-360	83	18	incorporates	incorporate	VERB
aeasj-360	83	19	the	the	DET
aeasj-360	83	20	important	important	ADJ
aeasj-360	83	21	role	role	NOUN
aeasj-360	83	22	of	of	ADP
aeasj-360	83	23	financial	financial	ADJ
aeasj-360	83	24	assets	asset	NOUN
aeasj-360	83	25	.	.	PUNCT
aeasj-360	84	1	in	in	ADP
aeasj-360	84	2	akpansung	akpansung	PROPN
aeasj-360	84	3	(	(	PUNCT
aeasj-360	84	4	2013	2013	NUM
aeasj-360	84	5	)	)	PUNCT
aeasj-360	84	6	,	,	PUNCT
aeasj-360	84	7	the	the	DET
aeasj-360	84	8	main	main	ADJ
aeasj-360	84	9	thesis	thesis	NOUN
aeasj-360	84	10	of	of	ADP
aeasj-360	84	11	the	the	DET
aeasj-360	84	12	monetary	monetary	ADJ
aeasj-360	84	13	approach	approach	NOUN
aeasj-360	84	14	to	to	ADP
aeasj-360	84	15	exchange	exchange	NOUN
aeasj-360	84	16	rates	rate	NOUN
aeasj-360	84	17	is	be	AUX
aeasj-360	84	18	that	that	SCONJ
aeasj-360	84	19	a	a	DET
aeasj-360	84	20	country	country	NOUN
aeasj-360	84	21	’s	’s	PART
aeasj-360	84	22	exchange	exchange	NOUN
aeasj-360	84	23	rate	rate	NOUN
aeasj-360	84	24	dynamics	dynamic	NOUN
aeasj-360	84	25	is	be	AUX
aeasj-360	84	26	essentially	essentially	ADV
aeasj-360	84	27	a	a	DET
aeasj-360	84	28	monetary	monetary	ADJ
aeasj-360	84	29	phenomenon	phenomenon	NOUN
aeasj-360	84	30	,	,	PUNCT
aeasj-360	84	31	and	and	CCONJ
aeasj-360	84	32	that	that	SCONJ
aeasj-360	84	33	any	any	DET
aeasj-360	84	34	observed	observed	ADJ
aeasj-360	84	35	disequilibrium	disequilibrium	NOUN
aeasj-360	84	36	in	in	ADP
aeasj-360	84	37	the	the	DET
aeasj-360	84	38	balance	balance	NOUN
aeasj-360	84	39	of	of	ADP
aeasj-360	84	40	payments	payment	NOUN
aeasj-360	84	41	can	can	AUX
aeasj-360	84	42	be	be	AUX
aeasj-360	84	43	eliminated	eliminate	VERB
aeasj-360	84	44	through	through	ADP
aeasj-360	84	45	an	an	DET
aeasj-360	84	46	adroit	adroit	ADJ
aeasj-360	84	47	manipulation	manipulation	NOUN
aeasj-360	84	48	of	of	ADP
aeasj-360	84	49	monetary	monetary	ADJ
aeasj-360	84	50	variables	variable	NOUN
aeasj-360	84	51	especially	especially	ADV
aeasj-360	84	52	domestic	domestic	ADJ
aeasj-360	84	53	credit	credit	NOUN
aeasj-360	84	54	,	,	PUNCT
aeasj-360	84	55	under	under	ADP
aeasj-360	84	56	controlled	control	VERB
aeasj-360	84	57	exchange	exchange	NOUN
aeasj-360	84	58	rate	rate	NOUN
aeasj-360	84	59	,	,	PUNCT
aeasj-360	84	60	absence	absence	NOUN
aeasj-360	84	61	of	of	ADP
aeasj-360	84	62	sterilization	sterilization	NOUN
aeasj-360	84	63	by	by	ADP
aeasj-360	84	64	the	the	DET
aeasj-360	84	65	monetary	monetary	ADJ
aeasj-360	84	66	authorities	authority	NOUN
aeasj-360	84	67	,	,	PUNCT
aeasj-360	84	68	and	and	CCONJ
aeasj-360	84	69	stable	stable	ADJ
aeasj-360	84	70	demand	demand	NOUN
aeasj-360	84	71	for	for	ADP
aeasj-360	84	72	money	money	NOUN
aeasj-360	84	73	function	function	NOUN
aeasj-360	84	74	.	.	PUNCT
aeasj-360	85	1	this	this	DET
aeasj-360	85	2	assumption	assumption	NOUN
aeasj-360	85	3	presents	present	VERB
aeasj-360	85	4	the	the	DET
aeasj-360	85	5	supply	supply	NOUN
aeasj-360	85	6	of	of	ADP
aeasj-360	85	7	money	money	NOUN
aeasj-360	85	8	as	as	ADP
aeasj-360	85	9	endogenous	endogenous	ADJ
aeasj-360	85	10	by	by	ADP
aeasj-360	85	11	assuming	assume	VERB
aeasj-360	85	12	a	a	DET
aeasj-360	85	13	feedback	feedback	NOUN
aeasj-360	85	14	from	from	ADP
aeasj-360	85	15	the	the	DET
aeasj-360	85	16	balance	balance	NOUN
aeasj-360	85	17	of	of	ADP
aeasj-360	85	18	payments	payment	NOUN
aeasj-360	85	19	through	through	ADP
aeasj-360	85	20	changes	change	NOUN
aeasj-360	85	21	in	in	ADP
aeasj-360	85	22	international	international	ADJ
aeasj-360	85	23	reserves	reserve	NOUN
aeasj-360	85	24	to	to	ADP
aeasj-360	85	25	changes	change	NOUN
aeasj-360	85	26	in	in	ADP
aeasj-360	85	27	the	the	DET
aeasj-360	85	28	monetary	monetary	ADJ
aeasj-360	85	29	liabilities	liability	NOUN
aeasj-360	85	30	of	of	ADP
aeasj-360	85	31	the	the	DET
aeasj-360	85	32	central	central	ADJ
aeasj-360	85	33	bank	bank	NOUN
aeasj-360	85	34	.	.	PUNCT
aeasj-360	86	1	under	under	ADP
aeasj-360	86	2	this	this	DET
aeasj-360	86	3	approach	approach	NOUN
aeasj-360	86	4	,	,	PUNCT
aeasj-360	86	5	money	money	NOUN
aeasj-360	86	6	market	market	NOUN
aeasj-360	86	7	disequilibrium	disequilibrium	NOUN
aeasj-360	86	8	is	be	AUX
aeasj-360	86	9	seen	see	VERB
aeasj-360	86	10	as	as	ADP
aeasj-360	86	11	a	a	DET
aeasj-360	86	12	crucial	crucial	ADJ
aeasj-360	86	13	factor	factor	NOUN
aeasj-360	86	14	provoking	provoke	VERB
aeasj-360	86	15	balance	balance	NOUN
aeasj-360	86	16	of	of	ADP
aeasj-360	86	17	payments	payment	NOUN
aeasj-360	86	18	disequilibrium	disequilibrium	NOUN
aeasj-360	86	19	.	.	PUNCT
aeasj-360	87	1	imbalances	imbalance	NOUN
aeasj-360	87	2	in	in	ADP
aeasj-360	87	3	the	the	DET
aeasj-360	87	4	balance	balance	NOUN
aeasj-360	87	5	of	of	ADP
aeasj-360	87	6	payments	payment	NOUN
aeasj-360	87	7	will	will	AUX
aeasj-360	87	8	restore	restore	VERB
aeasj-360	87	9	equality	equality	NOUN
aeasj-360	87	10	between	between	ADP
aeasj-360	87	11	the	the	DET
aeasj-360	87	12	demand	demand	NOUN
aeasj-360	87	13	for	for	ADP
aeasj-360	87	14	and	and	CCONJ
aeasj-360	87	15	supply	supply	NOUN
aeasj-360	87	16	of	of	ADP
aeasj-360	87	17	money	money	NOUN
aeasj-360	87	18	in	in	ADP
aeasj-360	87	19	the	the	DET
aeasj-360	87	20	absence	absence	NOUN
aeasj-360	87	21	of	of	ADP
aeasj-360	87	22	official	official	ADJ
aeasj-360	87	23	intervention	intervention	NOUN
aeasj-360	87	24	.	.	PUNCT
aeasj-360	88	1	duasa	duasa	PROPN
aeasj-360	88	2	(	(	PUNCT
aeasj-360	88	3	2011	2011	NUM
aeasj-360	88	4	)	)	PUNCT
aeasj-360	88	5	inferred	infer	VERB
aeasj-360	88	6	that	that	SCONJ
aeasj-360	88	7	external	external	ADJ
aeasj-360	88	8	disequilibrium	disequilibrium	NOUN
aeasj-360	88	9	is	be	AUX
aeasj-360	88	10	transitory	transitory	ADJ
aeasj-360	88	11	and	and	CCONJ
aeasj-360	88	12	will	will	AUX
aeasj-360	88	13	self	self	NOUN
aeasj-360	88	14	-	-	PUNCT
aeasj-360	88	15	equilibrate	equilibrate	NOUN
aeasj-360	88	16	in	in	ADP
aeasj-360	88	17	the	the	DET
aeasj-360	88	18	long	long	ADV
aeasj-360	88	19	-	-	PUNCT
aeasj-360	88	20	run	run	NOUN
aeasj-360	88	21	.	.	PUNCT
aeasj-360	89	1	2.3	2.3	NUM
aeasj-360	89	2	empirical	empirical	ADJ
aeasj-360	89	3	review	review	NOUN
aeasj-360	89	4	serve´n	serve´n	PROPN
aeasj-360	89	5	(	(	PUNCT
aeasj-360	89	6	2003	2003	NUM
aeasj-360	89	7	)	)	PUNCT
aeasj-360	89	8	examined	examine	VERB
aeasj-360	89	9	empirically	empirically	ADV
aeasj-360	89	10	the	the	DET
aeasj-360	89	11	link	link	NOUN
aeasj-360	89	12	between	between	ADP
aeasj-360	89	13	real	real	ADJ
aeasj-360	89	14	exchangerate	exchangerate	NOUN
aeasj-360	89	15	uncertainty	uncertainty	NOUN
aeasj-360	89	16	and	and	CCONJ
aeasj-360	89	17	private	private	ADJ
aeasj-360	89	18	investment	investment	NOUN
aeasj-360	89	19	in	in	ADP
aeasj-360	89	20	developing	develop	VERB
aeasj-360	89	21	countries	country	NOUN
aeasj-360	89	22	,	,	PUNCT
aeasj-360	89	23	using	use	VERB
aeasj-360	89	24	a	a	DET
aeasj-360	89	25	large	large	ADJ
aeasj-360	89	26	cross	cross	ADJ
aeasj-360	89	27	-	-	ADJ
aeasj-360	89	28	country	country	ADJ
aeasj-360	89	29	time	time	NOUN
aeasj-360	89	30	series	series	PROPN
aeasj-360	89	31	data	data	PROPN
aeasj-360	89	32	set	set	VERB
aeasj-360	89	33	.	.	PUNCT
aeasj-360	90	1	the	the	DET
aeasj-360	90	2	paper	paper	NOUN
aeasj-360	90	3	builds	build	VERB
aeasj-360	90	4	a	a	DET
aeasj-360	90	5	garch	garch	NOUN
aeasj-360	90	6	-	-	PUNCT
aeasj-360	90	7	based	base	VERB
aeasj-360	90	8	measure	measure	NOUN
aeasj-360	90	9	of	of	ADP
aeasj-360	90	10	real	real	ADJ
aeasj-360	90	11	-	-	PUNCT
aeasj-360	90	12	exchange	exchange	NOUN
aeasj-360	90	13	-	-	PUNCT
aeasj-360	90	14	rate	rate	NOUN
aeasj-360	90	15	copyright	copyright	NOUN
aeasj-360	90	16	©	©	PROPN
aeasj-360	90	17	cc	cc	PROPN
aeasj-360	90	18	-	-	PUNCT
aeasj-360	90	19	by	by	ADP
aeasj-360	90	20	-	-	PUNCT
aeasj-360	90	21	nc	nc	PROPN
aeasj-360	90	22	2019	2019	NUM
aeasj-360	90	23	,	,	PUNCT
aeasj-360	90	24	cribfb	cribfb	VERB
aeasj-360	90	25	|	|	ADV
aeasj-360	90	26	aesr	aesr	ADV
aeasj-360	90	27	www.cribfb.com/journal/index.php/aesr	www.cribfb.com/journal/index.php/aesr	VERB
aeasj-360	90	28	american	american	PROPN
aeasj-360	90	29	economic	economic	PROPN
aeasj-360	90	30	&	&	CCONJ
aeasj-360	90	31	social	social	PROPN
aeasj-360	90	32	review	review	PROPN
aeasj-360	90	33	vol	vol	NOUN
aeasj-360	90	34	.	.	PROPN
aeasj-360	91	1	5	5	NUM
aeasj-360	91	2	,	,	PUNCT
aeasj-360	91	3	no	no	INTJ
aeasj-360	91	4	.	.	NOUN
aeasj-360	91	5	2	2	NUM
aeasj-360	91	6	;	;	PUNCT
aeasj-360	91	7	2019	2019	NUM
aeasj-360	91	8	24	24	NUM
aeasj-360	91	9	volatility	volatility	NOUN
aeasj-360	91	10	and	and	CCONJ
aeasj-360	91	11	finds	find	VERB
aeasj-360	91	12	that	that	SCONJ
aeasj-360	91	13	it	it	PRON
aeasj-360	91	14	has	have	VERB
aeasj-360	91	15	a	a	DET
aeasj-360	91	16	strong	strong	ADJ
aeasj-360	91	17	negative	negative	ADJ
aeasj-360	91	18	effect	effect	NOUN
aeasj-360	91	19	on	on	ADP
aeasj-360	91	20	investment	investment	NOUN
aeasj-360	91	21	,	,	PUNCT
aeasj-360	91	22	after	after	ADP
aeasj-360	91	23	controlling	control	VERB
aeasj-360	91	24	for	for	ADP
aeasj-360	91	25	other	other	ADJ
aeasj-360	91	26	standard	standard	ADJ
aeasj-360	91	27	investment	investment	NOUN
aeasj-360	91	28	determinants	determinant	NOUN
aeasj-360	91	29	and	and	CCONJ
aeasj-360	91	30	taking	take	VERB
aeasj-360	91	31	into	into	ADP
aeasj-360	91	32	account	account	NOUN
aeasj-360	91	33	their	their	PRON
aeasj-360	91	34	potential	potential	ADJ
aeasj-360	91	35	endogeneity	endogeneity	NOUN
aeasj-360	91	36	.	.	PUNCT
aeasj-360	92	1	osinubi	osinubi	ADV
aeasj-360	92	2	and	and	CCONJ
aeasj-360	92	3	amaghionyeodiwe	amaghionyeodiwe	ADV
aeasj-360	92	4	(	(	PUNCT
aeasj-360	92	5	2009	2009	NUM
aeasj-360	92	6	)	)	PUNCT
aeasj-360	92	7	investigated	investigate	VERB
aeasj-360	92	8	the	the	DET
aeasj-360	92	9	empirical	empirical	ADJ
aeasj-360	92	10	evidence	evidence	NOUN
aeasj-360	92	11	on	on	ADP
aeasj-360	92	12	the	the	DET
aeasj-360	92	13	effect	effect	NOUN
aeasj-360	92	14	of	of	ADP
aeasj-360	92	15	exchange	exchange	NOUN
aeasj-360	92	16	rate	rate	NOUN
aeasj-360	92	17	volatility	volatility	NOUN
aeasj-360	92	18	on	on	ADP
aeasj-360	92	19	foreign	foreign	ADJ
aeasj-360	92	20	direct	direct	ADJ
aeasj-360	92	21	investment	investment	NOUN
aeasj-360	92	22	(	(	PUNCT
aeasj-360	92	23	fdi	fdi	NOUN
aeasj-360	92	24	)	)	PUNCT
aeasj-360	92	25	in	in	ADP
aeasj-360	92	26	nigeria	nigeria	PROPN
aeasj-360	92	27	,	,	PUNCT
aeasj-360	92	28	using	use	VERB
aeasj-360	92	29	secondary	secondary	ADJ
aeasj-360	92	30	time	time	NOUN
aeasj-360	92	31	series	series	PROPN
aeasj-360	92	32	data	datum	NOUN
aeasj-360	92	33	from	from	ADP
aeasj-360	92	34	1970	1970	NUM
aeasj-360	92	35	to	to	ADP
aeasj-360	92	36	2004.the	2004.the	DET
aeasj-360	92	37	study	study	NOUN
aeasj-360	92	38	utilized	utilize	VERB
aeasj-360	92	39	the	the	DET
aeasj-360	92	40	error	error	NOUN
aeasj-360	92	41	correction	correction	NOUN
aeasj-360	92	42	model	model	NOUN
aeasj-360	92	43	as	as	ADV
aeasj-360	92	44	well	well	ADV
aeasj-360	92	45	as	as	ADP
aeasj-360	92	46	ols	ol	NOUN
aeasj-360	92	47	method	method	NOUN
aeasj-360	92	48	of	of	ADP
aeasj-360	92	49	estimation	estimation	NOUN
aeasj-360	92	50	.	.	PUNCT
aeasj-360	93	1	the	the	DET
aeasj-360	93	2	results	result	NOUN
aeasj-360	93	3	suggest	suggest	VERB
aeasj-360	93	4	,	,	PUNCT
aeasj-360	93	5	among	among	ADP
aeasj-360	93	6	others	other	NOUN
aeasj-360	93	7	,	,	PUNCT
aeasj-360	93	8	that	that	PRON
aeasj-360	93	9	exchange	exchange	NOUN
aeasj-360	93	10	rate	rate	NOUN
aeasj-360	93	11	volatility	volatility	NOUN
aeasj-360	93	12	need	need	AUX
aeasj-360	93	13	not	not	PART
aeasj-360	93	14	be	be	AUX
aeasj-360	93	15	a	a	DET
aeasj-360	93	16	source	source	NOUN
aeasj-360	93	17	of	of	ADP
aeasj-360	93	18	worry	worry	NOUN
aeasj-360	93	19	by	by	ADP
aeasj-360	93	20	foreign	foreign	ADJ
aeasj-360	93	21	investors	investor	NOUN
aeasj-360	93	22	.	.	PUNCT
aeasj-360	94	1	also	also	ADV
aeasj-360	94	2	,	,	PUNCT
aeasj-360	94	3	the	the	DET
aeasj-360	94	4	study	study	NOUN
aeasj-360	94	5	further	far	ADV
aeasj-360	94	6	reveals	reveal	VERB
aeasj-360	94	7	a	a	DET
aeasj-360	94	8	significant	significant	ADJ
aeasj-360	94	9	positive	positive	ADJ
aeasj-360	94	10	relationship	relationship	NOUN
aeasj-360	94	11	between	between	ADP
aeasj-360	94	12	real	real	ADV
aeasj-360	94	13	inward	inward	ADJ
aeasj-360	94	14	fdi	fdi	PROPN
aeasj-360	94	15	and	and	CCONJ
aeasj-360	94	16	exchange	exchange	NOUN
aeasj-360	94	17	rate	rate	NOUN
aeasj-360	94	18	.	.	PUNCT
aeasj-360	95	1	polodoo	polodoo	PROPN
aeasj-360	95	2	,	,	PUNCT
aeasj-360	95	3	seetanah	seetanah	NOUN
aeasj-360	95	4	and	and	CCONJ
aeasj-360	95	5	padachi	padachi	ADJ
aeasj-360	95	6	(	(	PUNCT
aeasj-360	95	7	2011	2011	NUM
aeasj-360	95	8	)	)	PUNCT
aeasj-360	95	9	examined	examine	VERB
aeasj-360	95	10	the	the	DET
aeasj-360	95	11	impact	impact	NOUN
aeasj-360	95	12	of	of	ADP
aeasj-360	95	13	exchange	exchange	NOUN
aeasj-360	95	14	rate	rate	NOUN
aeasj-360	95	15	volatility	volatility	NOUN
aeasj-360	95	16	on	on	ADP
aeasj-360	95	17	the	the	DET
aeasj-360	95	18	macroeconomic	macroeconomic	ADJ
aeasj-360	95	19	performance	performance	NOUN
aeasj-360	95	20	of	of	ADP
aeasj-360	95	21	small	small	ADJ
aeasj-360	95	22	island	island	NOUN
aeasj-360	95	23	developing	develop	VERB
aeasj-360	95	24	states	state	NOUN
aeasj-360	95	25	(	(	PUNCT
aeasj-360	95	26	sids	sids	PROPN
aeasj-360	95	27	)	)	PUNCT
aeasj-360	95	28	.	.	PUNCT
aeasj-360	96	1	taking	take	VERB
aeasj-360	96	2	a	a	DET
aeasj-360	96	3	sample	sample	NOUN
aeasj-360	96	4	of	of	ADP
aeasj-360	96	5	15	15	NUM
aeasj-360	96	6	sids	sid	NOUN
aeasj-360	96	7	;	;	PUNCT
aeasj-360	96	8	the	the	DET
aeasj-360	96	9	study	study	NOUN
aeasj-360	96	10	analyzes	analyze	VERB
aeasj-360	96	11	econometrically	econometrically	ADV
aeasj-360	96	12	the	the	DET
aeasj-360	96	13	impact	impact	NOUN
aeasj-360	96	14	of	of	ADP
aeasj-360	96	15	exchange	exchange	NOUN
aeasj-360	96	16	rate	rate	NOUN
aeasj-360	96	17	volatility	volatility	NOUN
aeasj-360	96	18	on	on	ADP
aeasj-360	96	19	major	major	ADJ
aeasj-360	96	20	macroeconomic	macroeconomic	ADJ
aeasj-360	96	21	variables	variable	NOUN
aeasj-360	96	22	,	,	PUNCT
aeasj-360	96	23	namely	namely	ADV
aeasj-360	96	24	economic	economic	ADJ
aeasj-360	96	25	growth	growth	NOUN
aeasj-360	96	26	,	,	PUNCT
aeasj-360	96	27	external	external	ADJ
aeasj-360	96	28	trade	trade	NOUN
aeasj-360	96	29	and	and	CCONJ
aeasj-360	96	30	foreign	foreign	ADJ
aeasj-360	96	31	direct	direct	ADJ
aeasj-360	96	32	investment	investment	NOUN
aeasj-360	96	33	on	on	ADP
aeasj-360	96	34	the	the	DET
aeasj-360	96	35	sids	sids	PROPN
aeasj-360	96	36	.	.	PUNCT
aeasj-360	97	1	the	the	DET
aeasj-360	97	2	ols	ol	NOUN
aeasj-360	97	3	with	with	ADP
aeasj-360	97	4	robust	robust	ADJ
aeasj-360	97	5	standard	standard	ADJ
aeasj-360	97	6	errors	error	NOUN
aeasj-360	97	7	results	result	NOUN
aeasj-360	97	8	indicate	indicate	VERB
aeasj-360	97	9	that	that	SCONJ
aeasj-360	97	10	,	,	PUNCT
aeasj-360	97	11	exchange	exchange	NOUN
aeasj-360	97	12	rate	rate	NOUN
aeasj-360	97	13	volatility	volatility	NOUN
aeasj-360	97	14	impacts	impact	NOUN
aeasj-360	97	15	negatively	negatively	ADV
aeasj-360	97	16	on	on	ADP
aeasj-360	97	17	current	current	ADJ
aeasj-360	97	18	account	account	NOUN
aeasj-360	97	19	balance	balance	NOUN
aeasj-360	97	20	but	but	CCONJ
aeasj-360	97	21	positively	positively	ADV
aeasj-360	97	22	on	on	ADP
aeasj-360	97	23	the	the	DET
aeasj-360	97	24	growth	growth	NOUN
aeasj-360	97	25	rate	rate	NOUN
aeasj-360	97	26	of	of	ADP
aeasj-360	97	27	the	the	DET
aeasj-360	97	28	economies	economy	NOUN
aeasj-360	97	29	studied	study	VERB
aeasj-360	97	30	.	.	PUNCT
aeasj-360	98	1	in	in	ADP
aeasj-360	98	2	a	a	DET
aeasj-360	98	3	dynamic	dynamic	ADJ
aeasj-360	98	4	setting	setting	NOUN
aeasj-360	98	5	,	,	PUNCT
aeasj-360	98	6	however	however	ADV
aeasj-360	98	7	,	,	PUNCT
aeasj-360	98	8	exchange	exchange	NOUN
aeasj-360	98	9	rate	rate	NOUN
aeasj-360	98	10	volatility	volatility	NOUN
aeasj-360	98	11	does	do	AUX
aeasj-360	98	12	not	not	PART
aeasj-360	98	13	influence	influence	VERB
aeasj-360	98	14	the	the	DET
aeasj-360	98	15	macroeconomic	macroeconomic	ADJ
aeasj-360	98	16	variables	variable	NOUN
aeasj-360	98	17	.	.	PUNCT
aeasj-360	99	1	taiwo	taiwo	NOUN
aeasj-360	99	2	and	and	CCONJ
aeasj-360	99	3	adesola	adesola	PROPN
aeasj-360	99	4	(	(	PUNCT
aeasj-360	99	5	2013	2013	NUM
aeasj-360	99	6	)	)	PUNCT
aeasj-360	99	7	investigated	investigate	VERB
aeasj-360	99	8	the	the	DET
aeasj-360	99	9	impact	impact	NOUN
aeasj-360	99	10	of	of	ADP
aeasj-360	99	11	unstable	unstable	ADJ
aeasj-360	99	12	exchange	exchange	NOUN
aeasj-360	99	13	rate	rate	NOUN
aeasj-360	99	14	on	on	ADP
aeasj-360	99	15	bank	bank	NOUN
aeasj-360	99	16	performance	performance	NOUN
aeasj-360	99	17	in	in	ADP
aeasj-360	99	18	nigeria	nigeria	PROPN
aeasj-360	99	19	using	use	VERB
aeasj-360	99	20	two	two	NUM
aeasj-360	99	21	proxies	proxy	NOUN
aeasj-360	99	22	for	for	ADP
aeasj-360	99	23	bank	bank	NOUN
aeasj-360	99	24	performance	performance	NOUN
aeasj-360	99	25	,	,	PUNCT
aeasj-360	99	26	namely	namely	ADV
aeasj-360	99	27	loan	loan	NOUN
aeasj-360	99	28	loss	loss	NOUN
aeasj-360	99	29	to	to	PART
aeasj-360	99	30	total	total	VERB
aeasj-360	99	31	advances	advance	NOUN
aeasj-360	99	32	ratio	ratio	NOUN
aeasj-360	99	33	and	and	CCONJ
aeasj-360	99	34	capital	capital	NOUN
aeasj-360	99	35	deposit	deposit	NOUN
aeasj-360	99	36	ratio	ratio	NOUN
aeasj-360	99	37	.	.	PUNCT
aeasj-360	100	1	government	government	NOUN
aeasj-360	100	2	expenditure	expenditure	NOUN
aeasj-360	100	3	,	,	PUNCT
aeasj-360	100	4	interest	interest	NOUN
aeasj-360	100	5	rate	rate	NOUN
aeasj-360	100	6	,	,	PUNCT
aeasj-360	100	7	real	real	ADJ
aeasj-360	100	8	gross	gross	ADJ
aeasj-360	100	9	domestic	domestic	ADJ
aeasj-360	100	10	product	product	NOUN
aeasj-360	100	11	were	be	AUX
aeasj-360	100	12	added	add	VERB
aeasj-360	100	13	to	to	PART
aeasj-360	100	14	exchange	exchange	VERB
aeasj-360	100	15	rate	rate	NOUN
aeasj-360	100	16	as	as	ADP
aeasj-360	100	17	independent	independent	ADJ
aeasj-360	100	18	variables	variable	NOUN
aeasj-360	100	19	.	.	PUNCT
aeasj-360	101	1	the	the	DET
aeasj-360	101	2	two	two	NUM
aeasj-360	101	3	models	model	NOUN
aeasj-360	101	4	specified	specify	VERB
aeasj-360	101	5	show	show	NOUN
aeasj-360	101	6	that	that	SCONJ
aeasj-360	101	7	the	the	DET
aeasj-360	101	8	impact	impact	NOUN
aeasj-360	101	9	of	of	ADP
aeasj-360	101	10	exchange	exchange	NOUN
aeasj-360	101	11	rate	rate	NOUN
aeasj-360	101	12	on	on	ADP
aeasj-360	101	13	bank	bank	NOUN
aeasj-360	101	14	performance	performance	NOUN
aeasj-360	101	15	is	be	AUX
aeasj-360	101	16	sensitive	sensitive	ADJ
aeasj-360	101	17	to	to	ADP
aeasj-360	101	18	the	the	DET
aeasj-360	101	19	type	type	NOUN
aeasj-360	101	20	of	of	ADP
aeasj-360	101	21	proxy	proxy	NOUN
aeasj-360	101	22	used	use	VERB
aeasj-360	101	23	for	for	ADP
aeasj-360	101	24	bank	bank	NOUN
aeasj-360	101	25	performance	performance	NOUN
aeasj-360	101	26	.	.	PUNCT
aeasj-360	102	1	loan	loan	NOUN
aeasj-360	102	2	loss	loss	NOUN
aeasj-360	102	3	to	to	PART
aeasj-360	102	4	total	total	VERB
aeasj-360	102	5	advance	advance	NOUN
aeasj-360	102	6	ratio	ratio	NOUN
aeasj-360	102	7	shows	show	VERB
aeasj-360	102	8	that	that	SCONJ
aeasj-360	102	9	fluctuating	fluctuate	VERB
aeasj-360	102	10	exchange	exchange	NOUN
aeasj-360	102	11	rate	rate	NOUN
aeasj-360	102	12	may	may	AUX
aeasj-360	102	13	affect	affect	VERB
aeasj-360	102	14	the	the	DET
aeasj-360	102	15	ability	ability	NOUN
aeasj-360	102	16	of	of	ADP
aeasj-360	102	17	lenders	lender	NOUN
aeasj-360	102	18	to	to	PART
aeasj-360	102	19	manage	manage	VERB
aeasj-360	102	20	loans	loan	NOUN
aeasj-360	102	21	resulting	result	VERB
aeasj-360	102	22	into	into	ADP
aeasj-360	102	23	high	high	ADJ
aeasj-360	102	24	level	level	NOUN
aeasj-360	102	25	of	of	ADP
aeasj-360	102	26	bad	bad	ADJ
aeasj-360	102	27	loans	loan	NOUN
aeasj-360	102	28	while	while	SCONJ
aeasj-360	102	29	capital	capital	NOUN
aeasj-360	102	30	deposit	deposit	NOUN
aeasj-360	102	31	ratio	ratio	NOUN
aeasj-360	102	32	does	do	AUX
aeasj-360	102	33	not	not	PART
aeasj-360	102	34	have	have	VERB
aeasj-360	102	35	significant	significant	ADJ
aeasj-360	102	36	relationship	relationship	NOUN
aeasj-360	102	37	with	with	ADP
aeasj-360	102	38	exchange	exchange	NOUN
aeasj-360	102	39	rate	rate	NOUN
aeasj-360	102	40	.	.	PUNCT
aeasj-360	103	1	omorokunwa	omorokunwa	PROPN
aeasj-360	103	2	and	and	CCONJ
aeasj-360	103	3	ikponmwosa	ikponmwosa	PROPN
aeasj-360	103	4	(	(	PUNCT
aeasj-360	103	5	2014	2014	NUM
aeasj-360	103	6	)	)	PUNCT
aeasj-360	103	7	investigated	investigate	VERB
aeasj-360	103	8	the	the	DET
aeasj-360	103	9	dynamic	dynamic	ADJ
aeasj-360	103	10	relationship	relationship	NOUN
aeasj-360	103	11	between	between	ADP
aeasj-360	103	12	exchange	exchange	NOUN
aeasj-360	103	13	rate	rate	NOUN
aeasj-360	103	14	volatility	volatility	NOUN
aeasj-360	103	15	and	and	CCONJ
aeasj-360	103	16	foreign	foreign	ADJ
aeasj-360	103	17	private	private	ADJ
aeasj-360	103	18	investment	investment	NOUN
aeasj-360	103	19	in	in	ADP
aeasj-360	103	20	nigeria	nigeria	PROPN
aeasj-360	103	21	from	from	ADP
aeasj-360	103	22	1980	1980	NUM
aeasj-360	103	23	to	to	ADP
aeasj-360	103	24	2011	2011	NUM
aeasj-360	103	25	.	.	PUNCT
aeasj-360	104	1	the	the	DET
aeasj-360	104	2	finding	finding	NOUN
aeasj-360	104	3	include	include	VERB
aeasj-360	104	4	among	among	ADP
aeasj-360	104	5	other	other	ADJ
aeasj-360	104	6	things	thing	NOUN
aeasj-360	104	7	that	that	PRON
aeasj-360	104	8	;	;	PUNCT
aeasj-360	104	9	exchange	exchange	NOUN
aeasj-360	104	10	rate	rate	NOUN
aeasj-360	104	11	volatility	volatility	NOUN
aeasj-360	104	12	has	have	VERB
aeasj-360	104	13	a	a	DET
aeasj-360	104	14	very	very	ADV
aeasj-360	104	15	weak	weak	ADJ
aeasj-360	104	16	effect	effect	NOUN
aeasj-360	104	17	on	on	ADP
aeasj-360	104	18	the	the	DET
aeasj-360	104	19	inflow	inflow	NOUN
aeasj-360	104	20	of	of	ADP
aeasj-360	104	21	foreign	foreign	ADJ
aeasj-360	104	22	direct	direct	ADJ
aeasj-360	104	23	investment	investment	NOUN
aeasj-360	104	24	(	(	PUNCT
aeasj-360	104	25	fdi	fdi	NOUN
aeasj-360	104	26	)	)	PUNCT
aeasj-360	104	27	to	to	ADP
aeasj-360	104	28	nigeria	nigeria	PRON
aeasj-360	104	29	,	,	PUNCT
aeasj-360	104	30	both	both	CCONJ
aeasj-360	104	31	in	in	ADP
aeasj-360	104	32	the	the	DET
aeasj-360	104	33	long	long	ADJ
aeasj-360	104	34	run	run	NOUN
aeasj-360	104	35	and	and	CCONJ
aeasj-360	104	36	in	in	ADP
aeasj-360	104	37	the	the	DET
aeasj-360	104	38	short	short	ADJ
aeasj-360	104	39	run	run	NOUN
aeasj-360	104	40	and	and	CCONJ
aeasj-360	104	41	that	that	SCONJ
aeasj-360	104	42	exchange	exchange	NOUN
aeasj-360	104	43	rate	rate	NOUN
aeasj-360	104	44	volatility	volatility	NOUN
aeasj-360	104	45	has	have	VERB
aeasj-360	104	46	a	a	DET
aeasj-360	104	47	weak	weak	ADJ
aeasj-360	104	48	effect	effect	NOUN
aeasj-360	104	49	on	on	ADP
aeasj-360	104	50	foreign	foreign	ADJ
aeasj-360	104	51	portfolio	portfolio	NOUN
aeasj-360	104	52	investment	investment	NOUN
aeasj-360	104	53	in	in	ADP
aeasj-360	104	54	the	the	DET
aeasj-360	104	55	short	short	ADJ
aeasj-360	104	56	run	run	NOUN
aeasj-360	104	57	but	but	CCONJ
aeasj-360	104	58	a	a	DET
aeasj-360	104	59	strong	strong	ADJ
aeasj-360	104	60	positive	positive	ADJ
aeasj-360	104	61	effect	effect	NOUN
aeasj-360	104	62	in	in	ADP
aeasj-360	104	63	the	the	DET
aeasj-360	104	64	long	long	ADJ
aeasj-360	104	65	run	run	NOUN
aeasj-360	104	66	.	.	PUNCT
aeasj-360	105	1	jongbo	jongbo	PROPN
aeasj-360	105	2	(	(	PUNCT
aeasj-360	105	3	2014	2014	NUM
aeasj-360	105	4	)	)	PUNCT
aeasj-360	105	5	examined	examine	VERB
aeasj-360	105	6	the	the	DET
aeasj-360	105	7	impact	impact	NOUN
aeasj-360	105	8	of	of	ADP
aeasj-360	105	9	real	real	ADJ
aeasj-360	105	10	exchange	exchange	NOUN
aeasj-360	105	11	rate	rate	NOUN
aeasj-360	105	12	fluctuation	fluctuation	NOUN
aeasj-360	105	13	on	on	ADP
aeasj-360	105	14	industrial	industrial	ADJ
aeasj-360	105	15	output	output	NOUN
aeasj-360	105	16	by	by	ADP
aeasj-360	105	17	investigating	investigate	VERB
aeasj-360	105	18	the	the	DET
aeasj-360	105	19	effect	effect	NOUN
aeasj-360	105	20	of	of	ADP
aeasj-360	105	21	misalignment	misalignment	NOUN
aeasj-360	105	22	of	of	ADP
aeasj-360	105	23	real	real	ADJ
aeasj-360	105	24	exchange	exchange	NOUN
aeasj-360	105	25	rate	rate	NOUN
aeasj-360	105	26	on	on	ADP
aeasj-360	105	27	the	the	DET
aeasj-360	105	28	output	output	NOUN
aeasj-360	105	29	of	of	ADP
aeasj-360	105	30	the	the	DET
aeasj-360	105	31	nigeria	nigeria	PROPN
aeasj-360	105	32	industrial	industrial	ADJ
aeasj-360	105	33	sector	sector	NOUN
aeasj-360	105	34	.	.	PUNCT
aeasj-360	106	1	the	the	DET
aeasj-360	106	2	result	result	NOUN
aeasj-360	106	3	shows	show	VERB
aeasj-360	106	4	that	that	SCONJ
aeasj-360	106	5	real	real	ADJ
aeasj-360	106	6	exchange	exchange	NOUN
aeasj-360	106	7	rate	rate	NOUN
aeasj-360	106	8	play	play	VERB
aeasj-360	106	9	a	a	DET
aeasj-360	106	10	significant	significant	ADJ
aeasj-360	106	11	role	role	NOUN
aeasj-360	106	12	in	in	ADP
aeasj-360	106	13	determining	determine	VERB
aeasj-360	106	14	the	the	DET
aeasj-360	106	15	industrial	industrial	ADJ
aeasj-360	106	16	output	output	NOUN
aeasj-360	106	17	.	.	PUNCT
aeasj-360	107	1	the	the	DET
aeasj-360	107	2	study	study	NOUN
aeasj-360	107	3	further	far	ADV
aeasj-360	107	4	reveals	reveal	VERB
aeasj-360	107	5	that	that	SCONJ
aeasj-360	107	6	the	the	DET
aeasj-360	107	7	capacity	capacity	NOUN
aeasj-360	107	8	utilization	utilization	NOUN
aeasj-360	107	9	ratio	ratio	NOUN
aeasj-360	107	10	is	be	AUX
aeasj-360	107	11	low	low	ADJ
aeasj-360	107	12	,	,	PUNCT
aeasj-360	107	13	the	the	DET
aeasj-360	107	14	case	case	NOUN
aeasj-360	107	15	of	of	ADP
aeasj-360	107	16	which	which	PRON
aeasj-360	107	17	may	may	AUX
aeasj-360	107	18	not	not	PART
aeasj-360	107	19	be	be	AUX
aeasj-360	107	20	too	too	ADV
aeasj-360	107	21	far	far	ADV
aeasj-360	107	22	away	away	ADV
aeasj-360	107	23	from	from	ADP
aeasj-360	107	24	,	,	PUNCT
aeasj-360	107	25	partly	partly	ADV
aeasj-360	107	26	epileptic	epileptic	ADJ
aeasj-360	107	27	power	power	NOUN
aeasj-360	107	28	supply	supply	NOUN
aeasj-360	107	29	,	,	PUNCT
aeasj-360	107	30	lack	lack	NOUN
aeasj-360	107	31	of	of	ADP
aeasj-360	107	32	adequate	adequate	ADJ
aeasj-360	107	33	and	and	CCONJ
aeasj-360	107	34	appropriate	appropriate	ADJ
aeasj-360	107	35	technology	technology	NOUN
aeasj-360	107	36	and	and	CCONJ
aeasj-360	107	37	so	so	ADV
aeasj-360	107	38	on	on	ADV
aeasj-360	107	39	.	.	PUNCT
aeasj-360	108	1	adelowokan	adelowokan	ADJ
aeasj-360	108	2	,	,	PUNCT
aeasj-360	108	3	adesoye	adesoye	NOUN
aeasj-360	108	4	and	and	CCONJ
aeasj-360	108	5	osisanwo	osisanwo	PROPN
aeasj-360	108	6	(	(	PUNCT
aeasj-360	108	7	2015	2015	NUM
aeasj-360	108	8	)	)	PUNCT
aeasj-360	108	9	examined	examine	VERB
aeasj-360	108	10	the	the	DET
aeasj-360	108	11	effect	effect	NOUN
aeasj-360	108	12	of	of	ADP
aeasj-360	108	13	exchange	exchange	NOUN
aeasj-360	108	14	rate	rate	NOUN
aeasj-360	108	15	volatility	volatility	NOUN
aeasj-360	108	16	on	on	ADP
aeasj-360	108	17	investment	investment	NOUN
aeasj-360	108	18	and	and	CCONJ
aeasj-360	108	19	growth	growth	NOUN
aeasj-360	108	20	in	in	ADP
aeasj-360	108	21	nigeria	nigeria	PROPN
aeasj-360	108	22	over	over	ADP
aeasj-360	108	23	the	the	DET
aeasj-360	108	24	period	period	NOUN
aeasj-360	108	25	of	of	ADP
aeasj-360	108	26	1986	1986	NUM
aeasj-360	108	27	to	to	ADP
aeasj-360	108	28	2014	2014	NUM
aeasj-360	108	29	.	.	PUNCT
aeasj-360	109	1	the	the	DET
aeasj-360	109	2	results	result	NOUN
aeasj-360	109	3	confirm	confirm	VERB
aeasj-360	109	4	the	the	DET
aeasj-360	109	5	existence	existence	NOUN
aeasj-360	109	6	of	of	ADP
aeasj-360	109	7	long	long	ADJ
aeasj-360	109	8	run	run	NOUN
aeasj-360	109	9	relationship	relationship	NOUN
aeasj-360	109	10	between	between	ADP
aeasj-360	109	11	exchange	exchange	NOUN
aeasj-360	109	12	rate	rate	NOUN
aeasj-360	109	13	,	,	PUNCT
aeasj-360	109	14	investment	investment	NOUN
aeasj-360	109	15	,	,	PUNCT
aeasj-360	109	16	interest	interest	NOUN
aeasj-360	109	17	rate	rate	NOUN
aeasj-360	109	18	,	,	PUNCT
aeasj-360	109	19	inflation	inflation	NOUN
aeasj-360	109	20	and	and	CCONJ
aeasj-360	109	21	growth	growth	NOUN
aeasj-360	109	22	.	.	PUNCT
aeasj-360	110	1	finally	finally	ADV
aeasj-360	110	2	the	the	DET
aeasj-360	110	3	results	result	NOUN
aeasj-360	110	4	show	show	VERB
aeasj-360	110	5	that	that	SCONJ
aeasj-360	110	6	exchange	exchange	NOUN
aeasj-360	110	7	rate	rate	NOUN
aeasj-360	110	8	volatility	volatility	NOUN
aeasj-360	110	9	has	have	VERB
aeasj-360	110	10	a	a	DET
aeasj-360	110	11	negative	negative	ADJ
aeasj-360	110	12	effect	effect	NOUN
aeasj-360	110	13	with	with	ADP
aeasj-360	110	14	investment	investment	NOUN
aeasj-360	110	15	and	and	CCONJ
aeasj-360	110	16	growth	growth	NOUN
aeasj-360	110	17	while	while	SCONJ
aeasj-360	110	18	exchange	exchange	NOUN
aeasj-360	110	19	rate	rate	NOUN
aeasj-360	110	20	volatility	volatility	NOUN
aeasj-360	110	21	has	have	VERB
aeasj-360	110	22	a	a	DET
aeasj-360	110	23	positive	positive	ADJ
aeasj-360	110	24	relationship	relationship	NOUN
aeasj-360	110	25	with	with	ADP
aeasj-360	110	26	inflation	inflation	NOUN
aeasj-360	110	27	and	and	CCONJ
aeasj-360	110	28	interest	interest	NOUN
aeasj-360	110	29	rate	rate	NOUN
aeasj-360	110	30	in	in	ADP
aeasj-360	110	31	nigeria	nigeria	PROPN
aeasj-360	110	32	.	.	PUNCT
aeasj-360	111	1	jonathan	jonathan	PROPN
aeasj-360	111	2	and	and	CCONJ
aeasj-360	111	3	kenneth	kenneth	PROPN
aeasj-360	111	4	(	(	PUNCT
aeasj-360	111	5	2016	2016	NUM
aeasj-360	111	6	)	)	PUNCT
aeasj-360	111	7	analyzed	analyze	VERB
aeasj-360	111	8	the	the	DET
aeasj-360	111	9	link	link	NOUN
aeasj-360	111	10	between	between	ADP
aeasj-360	111	11	exchange	exchange	NOUN
aeasj-360	111	12	rate	rate	NOUN
aeasj-360	111	13	fluctuations	fluctuation	NOUN
aeasj-360	111	14	and	and	CCONJ
aeasj-360	111	15	private	private	ADJ
aeasj-360	111	16	domestic	domestic	ADJ
aeasj-360	111	17	investment	investment	NOUN
aeasj-360	111	18	in	in	ADP
aeasj-360	111	19	nigeria	nigeria	PROPN
aeasj-360	111	20	.	.	PUNCT
aeasj-360	112	1	the	the	DET
aeasj-360	112	2	descriptive	descriptive	ADJ
aeasj-360	112	3	statistics	statistic	NOUN
aeasj-360	112	4	of	of	ADP
aeasj-360	112	5	the	the	DET
aeasj-360	112	6	variables	variable	NOUN
aeasj-360	112	7	included	include	VERB
aeasj-360	112	8	in	in	ADP
aeasj-360	112	9	the	the	DET
aeasj-360	112	10	model	model	NOUN
aeasj-360	112	11	show	show	VERB
aeasj-360	112	12	the	the	DET
aeasj-360	112	13	existence	existence	NOUN
aeasj-360	112	14	of	of	ADP
aeasj-360	112	15	wide	wide	ADJ
aeasj-360	112	16	variations	variation	NOUN
aeasj-360	112	17	in	in	ADP
aeasj-360	112	18	the	the	DET
aeasj-360	112	19	variables	variable	NOUN
aeasj-360	112	20	as	as	SCONJ
aeasj-360	112	21	depicted	depict	VERB
aeasj-360	112	22	by	by	ADP
aeasj-360	112	23	the	the	DET
aeasj-360	112	24	standard	standard	ADJ
aeasj-360	112	25	deviation	deviation	NOUN
aeasj-360	112	26	of	of	ADP
aeasj-360	112	27	the	the	DET
aeasj-360	112	28	exchange	exchange	NOUN
aeasj-360	112	29	rate	rate	NOUN
aeasj-360	112	30	variable	variable	NOUN
aeasj-360	112	31	that	that	PRON
aeasj-360	112	32	was	be	AUX
aeasj-360	112	33	unusually	unusually	ADV
aeasj-360	112	34	high	high	ADJ
aeasj-360	112	35	.	.	PUNCT
aeasj-360	113	1	the	the	DET
aeasj-360	113	2	findings	finding	NOUN
aeasj-360	113	3	suggest	suggest	VERB
aeasj-360	113	4	that	that	SCONJ
aeasj-360	113	5	,	,	PUNCT
aeasj-360	113	6	the	the	DET
aeasj-360	113	7	depreciation	depreciation	NOUN
aeasj-360	113	8	of	of	ADP
aeasj-360	113	9	the	the	DET
aeasj-360	113	10	currency	currency	NOUN
aeasj-360	113	11	and	and	CCONJ
aeasj-360	113	12	interest	interest	NOUN
aeasj-360	113	13	rate	rate	NOUN
aeasj-360	113	14	does	do	AUX
aeasj-360	113	15	not	not	PART
aeasj-360	113	16	stimulate	stimulate	VERB
aeasj-360	113	17	private	private	ADJ
aeasj-360	113	18	domestic	domestic	ADJ
aeasj-360	113	19	investment	investment	NOUN
aeasj-360	113	20	activities	activity	NOUN
aeasj-360	113	21	in	in	ADP
aeasj-360	113	22	nigeria	nigeria	PROPN
aeasj-360	113	23	.	.	PUNCT
aeasj-360	114	1	ikechukwu	ikechukwu	NOUN
aeasj-360	114	2	(	(	PUNCT
aeasj-360	114	3	2016	2016	NUM
aeasj-360	114	4	)	)	PUNCT
aeasj-360	114	5	investigated	investigate	VERB
aeasj-360	114	6	the	the	DET
aeasj-360	114	7	effects	effect	NOUN
aeasj-360	114	8	of	of	ADP
aeasj-360	114	9	volatility	volatility	NOUN
aeasj-360	114	10	clustering	cluster	VERB
aeasj-360	114	11	in	in	ADP
aeasj-360	114	12	exchange	exchange	NOUN
aeasj-360	114	13	rate	rate	NOUN
aeasj-360	114	14	on	on	ADP
aeasj-360	114	15	firm	firm	NOUN
aeasj-360	114	16	’s	’s	PART
aeasj-360	114	17	performance	performance	NOUN
aeasj-360	114	18	in	in	ADP
aeasj-360	114	19	nigeria	nigeria	PROPN
aeasj-360	114	20	,	,	PUNCT
aeasj-360	114	21	examining	examine	VERB
aeasj-360	114	22	cross	cross	ADJ
aeasj-360	114	23	sectional	sectional	ADJ
aeasj-360	114	24	data	datum	NOUN
aeasj-360	114	25	for	for	ADP
aeasj-360	114	26	the	the	DET
aeasj-360	114	27	most	most	ADV
aeasj-360	114	28	active	active	ADJ
aeasj-360	114	29	20	20	NUM
aeasj-360	114	30	companies	company	NOUN
aeasj-360	114	31	listed	list	VERB
aeasj-360	114	32	on	on	ADP
aeasj-360	114	33	the	the	DET
aeasj-360	114	34	nigerian	nigerian	ADJ
aeasj-360	114	35	stock	stock	NOUN
aeasj-360	114	36	exchange	exchange	PROPN
aeasj-360	114	37	.	.	PUNCT
aeasj-360	115	1	the	the	DET
aeasj-360	115	2	results	result	NOUN
aeasj-360	115	3	show	show	VERB
aeasj-360	115	4	that	that	SCONJ
aeasj-360	115	5	exchange	exchange	NOUN
aeasj-360	115	6	rate	rate	NOUN
aeasj-360	115	7	fluctuation	fluctuation	NOUN
aeasj-360	115	8	has	have	VERB
aeasj-360	115	9	significant	significant	ADJ
aeasj-360	115	10	negative	negative	ADJ
aeasj-360	115	11	impacts	impact	NOUN
aeasj-360	115	12	on	on	ADP
aeasj-360	115	13	the	the	DET
aeasj-360	115	14	rate	rate	NOUN
aeasj-360	115	15	of	of	ADP
aeasj-360	115	16	return	return	NOUN
aeasj-360	115	17	on	on	ADP
aeasj-360	115	18	assets	asset	NOUN
aeasj-360	115	19	,	,	PUNCT
aeasj-360	115	20	asset	asset	NOUN
aeasj-360	115	21	turnover	turnover	NOUN
aeasj-360	115	22	ratio	ratio	NOUN
aeasj-360	115	23	and	and	CCONJ
aeasj-360	115	24	the	the	DET
aeasj-360	115	25	portfolio	portfolio	NOUN
aeasj-360	115	26	activity	activity	NOUN
aeasj-360	115	27	and	and	CCONJ
aeasj-360	115	28	resilience	resilience	NOUN
aeasj-360	115	29	,	,	PUNCT
aeasj-360	115	30	thus	thus	ADV
aeasj-360	115	31	,	,	PUNCT
aeasj-360	115	32	showing	show	VERB
aeasj-360	115	33	the	the	DET
aeasj-360	115	34	significant	significant	ADJ
aeasj-360	115	35	negative	negative	ADJ
aeasj-360	115	36	impact	impact	NOUN
aeasj-360	115	37	of	of	ADP
aeasj-360	115	38	exchange	exchange	NOUN
aeasj-360	115	39	rate	rate	NOUN
aeasj-360	115	40	fluctuation	fluctuation	NOUN
aeasj-360	115	41	on	on	ADP
aeasj-360	115	42	firm	firm	ADJ
aeasj-360	115	43	performance	performance	NOUN
aeasj-360	115	44	in	in	ADP
aeasj-360	115	45	nigeria	nigeria	PRON
aeasj-360	115	46	between	between	ADP
aeasj-360	115	47	2004	2004	NUM
aeasj-360	115	48	and	and	CCONJ
aeasj-360	115	49	2013	2013	NUM
aeasj-360	115	50	.	.	PUNCT
aeasj-360	116	1	umoru	umoru	NOUN
aeasj-360	116	2	and	and	CCONJ
aeasj-360	116	3	odjegba	odjegba	PROPN
aeasj-360	116	4	(	(	PUNCT
aeasj-360	116	5	2013	2013	NUM
aeasj-360	116	6	)	)	PUNCT
aeasj-360	116	7	analyzed	analyze	VERB
aeasj-360	116	8	the	the	DET
aeasj-360	116	9	relationship	relationship	NOUN
aeasj-360	116	10	between	between	ADP
aeasj-360	116	11	exchange	exchange	NOUN
aeasj-360	116	12	rate	rate	NOUN
aeasj-360	116	13	misalignment	misalignment	NOUN
aeasj-360	116	14	and	and	CCONJ
aeasj-360	116	15	balance	balance	NOUN
aeasj-360	116	16	of	of	ADP
aeasj-360	116	17	payments	payment	NOUN
aeasj-360	116	18	(	(	PUNCT
aeasj-360	116	19	bop	bop	INTJ
aeasj-360	116	20	)	)	PUNCT
aeasj-360	116	21	mal	mal	ADJ
aeasj-360	116	22	-	-	NOUN
aeasj-360	116	23	adjustment	adjustment	NOUN
aeasj-360	116	24	in	in	ADP
aeasj-360	116	25	nigeria	nigeria	PROPN
aeasj-360	116	26	over	over	ADP
aeasj-360	116	27	the	the	DET
aeasj-360	116	28	sample	sample	NOUN
aeasj-360	116	29	period	period	NOUN
aeasj-360	116	30	of	of	ADP
aeasj-360	116	31	1973	1973	NUM
aeasj-360	116	32	to	to	ADP
aeasj-360	116	33	2012	2012	NUM
aeasj-360	116	34	using	use	VERB
aeasj-360	116	35	the	the	DET
aeasj-360	116	36	vector	vector	NOUN
aeasj-360	116	37	error	error	NOUN
aeasj-360	116	38	correction	correction	NOUN
aeasj-360	116	39	econometric	econometric	VERB
aeasj-360	116	40	modeling	modeling	NOUN
aeasj-360	116	41	technique	technique	NOUN
aeasj-360	116	42	and	and	CCONJ
aeasj-360	116	43	granger	granger	NOUN
aeasj-360	116	44	causality	causality	NOUN
aeasj-360	116	45	tests	test	NOUN
aeasj-360	116	46	.	.	PUNCT
aeasj-360	117	1	the	the	DET
aeasj-360	117	2	study	study	NOUN
aeasj-360	117	3	revealed	reveal	VERB
aeasj-360	117	4	that	that	SCONJ
aeasj-360	117	5	exchange	exchange	NOUN
aeasj-360	117	6	rate	rate	NOUN
aeasj-360	117	7	misalignment	misalignment	PROPN
aeasj-360	117	8	exhibited	exhibit	VERB
aeasj-360	117	9	a	a	DET
aeasj-360	117	10	positive	positive	ADJ
aeasj-360	117	11	impact	impact	NOUN
aeasj-360	117	12	on	on	ADP
aeasj-360	117	13	the	the	DET
aeasj-360	117	14	nigeria	nigeria	PROPN
aeasj-360	117	15	’s	’s	PART
aeasj-360	117	16	balance	balance	NOUN
aeasj-360	117	17	of	of	ADP
aeasj-360	117	18	payments	payment	NOUN
aeasj-360	117	19	position	position	NOUN
aeasj-360	117	20	.	.	PUNCT
aeasj-360	118	1	the	the	DET
aeasj-360	118	2	granger	granger	PROPN
aeasj-360	118	3	pair	pair	PROPN
aeasj-360	118	4	-	-	PUNCT
aeasj-360	118	5	wise	wise	ADJ
aeasj-360	118	6	causality	causality	NOUN
aeasj-360	118	7	test	test	NOUN
aeasj-360	118	8	result	result	NOUN
aeasj-360	118	9	indicated	indicate	VERB
aeasj-360	118	10	a	a	DET
aeasj-360	118	11	unidirectional	unidirectional	ADJ
aeasj-360	118	12	causality	causality	NOUN
aeasj-360	118	13	running	run	VERB
aeasj-360	118	14	from	from	ADP
aeasj-360	118	15	exchange	exchange	NOUN
aeasj-360	118	16	rate	rate	NOUN
aeasj-360	118	17	misalignment	misalignment	NOUN
aeasj-360	118	18	to	to	PART
aeasj-360	118	19	balance	balance	VERB
aeasj-360	118	20	of	of	ADP
aeasj-360	118	21	payments	payment	NOUN
aeasj-360	118	22	adjustment	adjustment	NOUN
aeasj-360	118	23	in	in	ADP
aeasj-360	118	24	nigeria	nigeria	PROPN
aeasj-360	118	25	at	at	ADP
aeasj-360	118	26	the	the	DET
aeasj-360	118	27	1	1	NUM
aeasj-360	118	28	percent	percent	NOUN
aeasj-360	118	29	level	level	NOUN
aeasj-360	118	30	.	.	PUNCT
aeasj-360	119	1	the	the	DET
aeasj-360	119	2	inconsistency	inconsistency	NOUN
aeasj-360	119	3	in	in	ADP
aeasj-360	119	4	the	the	DET
aeasj-360	119	5	research	research	NOUN
aeasj-360	119	6	results	result	NOUN
aeasj-360	119	7	of	of	ADP
aeasj-360	119	8	the	the	DET
aeasj-360	119	9	various	various	ADJ
aeasj-360	119	10	studies	study	NOUN
aeasj-360	119	11	reviewed	review	VERB
aeasj-360	119	12	therefore	therefore	ADV
aeasj-360	119	13	motivated	motivate	VERB
aeasj-360	119	14	this	this	DET
aeasj-360	119	15	study	study	NOUN
aeasj-360	119	16	.	.	PUNCT
aeasj-360	120	1	oladipupo	oladipupo	NOUN
aeasj-360	120	2	and	and	CCONJ
aeasj-360	120	3	onotaniyohuwo	onotaniyohuwo	NOUN
aeasj-360	120	4	(	(	PUNCT
aeasj-360	120	5	2011	2011	NUM
aeasj-360	120	6	)	)	PUNCT
aeasj-360	120	7	investigated	investigate	VERB
aeasj-360	120	8	the	the	DET
aeasj-360	120	9	impact	impact	NOUN
aeasj-360	120	10	of	of	ADP
aeasj-360	120	11	exchange	exchange	NOUN
aeasj-360	120	12	rate	rate	NOUN
aeasj-360	120	13	on	on	ADP
aeasj-360	120	14	the	the	DET
aeasj-360	120	15	nigerian	nigerian	ADJ
aeasj-360	120	16	external	external	ADJ
aeasj-360	120	17	sector	sector	NOUN
aeasj-360	120	18	(	(	PUNCT
aeasj-360	120	19	the	the	DET
aeasj-360	120	20	balance	balance	NOUN
aeasj-360	120	21	of	of	ADP
aeasj-360	120	22	payments	payment	NOUN
aeasj-360	120	23	position	position	NOUN
aeasj-360	120	24	)	)	PUNCT
aeasj-360	120	25	using	use	VERB
aeasj-360	120	26	the	the	DET
aeasj-360	120	27	ordinary	ordinary	ADJ
aeasj-360	120	28	least	least	ADJ
aeasj-360	120	29	square	square	ADJ
aeasj-360	120	30	(	(	PUNCT
aeasj-360	120	31	ols	ol	NOUN
aeasj-360	120	32	)	)	PUNCT
aeasj-360	120	33	method	method	NOUN
aeasj-360	120	34	for	for	ADP
aeasj-360	120	35	data	datum	NOUN
aeasj-360	120	36	covering	cover	VERB
aeasj-360	120	37	the	the	DET
aeasj-360	120	38	period	period	NOUN
aeasj-360	120	39	between	between	ADP
aeasj-360	120	40	1970	1970	NUM
aeasj-360	120	41	and	and	CCONJ
aeasj-360	120	42	2008	2008	NUM
aeasj-360	120	43	.	.	PUNCT
aeasj-360	121	1	the	the	DET
aeasj-360	121	2	result	result	NOUN
aeasj-360	121	3	revealed	reveal	VERB
aeasj-360	121	4	that	that	SCONJ
aeasj-360	121	5	exchange	exchange	NOUN
aeasj-360	121	6	rate	rate	NOUN
aeasj-360	121	7	has	have	VERB
aeasj-360	121	8	a	a	DET
aeasj-360	121	9	significant	significant	ADJ
aeasj-360	121	10	impact	impact	NOUN
aeasj-360	121	11	on	on	ADP
aeasj-360	121	12	the	the	DET
aeasj-360	121	13	balance	balance	NOUN
aeasj-360	121	14	of	of	ADP
aeasj-360	121	15	payment	payment	NOUN
aeasj-360	121	16	position	position	NOUN
aeasj-360	121	17	.	.	PUNCT
aeasj-360	122	1	imoisi	imoisi	PROPN
aeasj-360	122	2	(	(	PUNCT
aeasj-360	122	3	2012	2012	NUM
aeasj-360	122	4	)	)	PUNCT
aeasj-360	122	5	examined	examine	VERB
aeasj-360	122	6	the	the	DET
aeasj-360	122	7	trends	trend	NOUN
aeasj-360	122	8	in	in	ADP
aeasj-360	122	9	nigerian	nigerian	PROPN
aeasj-360	122	10	’s	’s	PART
aeasj-360	122	11	balance	balance	NOUN
aeasj-360	122	12	of	of	ADP
aeasj-360	122	13	payments	payment	NOUN
aeasj-360	122	14	position	position	NOUN
aeasj-360	122	15	from	from	ADP
aeasj-360	122	16	1970	1970	NUM
aeasj-360	122	17	-	-	SYM
aeasj-360	122	18	2010	2010	NUM
aeasj-360	122	19	using	use	VERB
aeasj-360	122	20	an	an	DET
aeasj-360	122	21	econometric	econometric	ADJ
aeasj-360	122	22	analysis	analysis	NOUN
aeasj-360	122	23	.	.	PUNCT
aeasj-360	123	1	the	the	DET
aeasj-360	123	2	study	study	NOUN
aeasj-360	123	3	carried	carry	VERB
aeasj-360	123	4	out	out	ADP
aeasj-360	123	5	a	a	DET
aeasj-360	123	6	multiple	multiple	ADJ
aeasj-360	123	7	regression	regression	NOUN
aeasj-360	123	8	analysis	analysis	NOUN
aeasj-360	123	9	using	use	VERB
aeasj-360	123	10	the	the	DET
aeasj-360	123	11	ordinary	ordinary	ADJ
aeasj-360	123	12	least	least	ADJ
aeasj-360	123	13	square	square	ADJ
aeasj-360	123	14	method	method	NOUN
aeasj-360	123	15	for	for	ADP
aeasj-360	123	16	both	both	CCONJ
aeasj-360	123	17	linear	linear	ADJ
aeasj-360	123	18	and	and	CCONJ
aeasj-360	123	19	log	log	VERB
aeasj-360	123	20	linear	linear	ADJ
aeasj-360	123	21	form	form	NOUN
aeasj-360	123	22	.	.	PUNCT
aeasj-360	124	1	the	the	DET
aeasj-360	124	2	results	result	NOUN
aeasj-360	124	3	showed	show	VERB
aeasj-360	124	4	that	that	SCONJ
aeasj-360	124	5	the	the	DET
aeasj-360	124	6	independent	independent	ADJ
aeasj-360	124	7	variables	variable	NOUN
aeasj-360	124	8	appeared	appear	VERB
aeasj-360	124	9	with	with	ADP
aeasj-360	124	10	the	the	DET
aeasj-360	124	11	correct	correct	ADJ
aeasj-360	124	12	sign	sign	NOUN
aeasj-360	124	13	and	and	CCONJ
aeasj-360	124	14	thus	thus	ADV
aeasj-360	124	15	,	,	PUNCT
aeasj-360	124	16	conform	conform	VERB
aeasj-360	124	17	to	to	ADP
aeasj-360	124	18	economic	economic	ADJ
aeasj-360	124	19	theory	theory	NOUN
aeasj-360	124	20	,	,	PUNCT
aeasj-360	124	21	but	but	CCONJ
aeasj-360	124	22	the	the	DET
aeasj-360	124	23	relationship	relationship	NOUN
aeasj-360	124	24	between	between	ADP
aeasj-360	124	25	balance	balance	NOUN
aeasj-360	124	26	of	of	ADP
aeasj-360	124	27	payments	payment	NOUN
aeasj-360	124	28	and	and	CCONJ
aeasj-360	124	29	inflation	inflation	NOUN
aeasj-360	124	30	rate	rate	NOUN
aeasj-360	124	31	was	be	AUX
aeasj-360	124	32	not	not	PART
aeasj-360	124	33	significant	significant	ADJ
aeasj-360	124	34	.	.	PUNCT
aeasj-360	125	1	however	however	ADV
aeasj-360	125	2	,	,	PUNCT
aeasj-360	125	3	the	the	DET
aeasj-360	125	4	relationship	relationship	NOUN
aeasj-360	125	5	between	between	ADP
aeasj-360	125	6	balance	balance	NOUN
aeasj-360	125	7	of	of	ADP
aeasj-360	125	8	payments	payment	NOUN
aeasj-360	125	9	,	,	PUNCT
aeasj-360	125	10	exchange	exchange	NOUN
aeasj-360	125	11	rate	rate	NOUN
aeasj-360	125	12	and	and	CCONJ
aeasj-360	125	13	interest	interest	NOUN
aeasj-360	125	14	rate	rate	NOUN
aeasj-360	125	15	were	be	AUX
aeasj-360	125	16	significant	significant	ADJ
aeasj-360	125	17	.	.	PUNCT
aeasj-360	126	1	copyright	copyright	NOUN
aeasj-360	126	2	©	©	PROPN
aeasj-360	126	3	cc	cc	PROPN
aeasj-360	126	4	-	-	PUNCT
aeasj-360	126	5	by	by	ADP
aeasj-360	126	6	-	-	PUNCT
aeasj-360	126	7	nc	nc	PROPN
aeasj-360	126	8	2019	2019	NUM
aeasj-360	126	9	,	,	PUNCT
aeasj-360	126	10	cribfb	cribfb	VERB
aeasj-360	126	11	|	|	ADV
aeasj-360	126	12	aesr	aesr	ADV
aeasj-360	126	13	www.cribfb.com/journal/index.php/aesr	www.cribfb.com/journal/index.php/aesr	VERB
aeasj-360	126	14	american	american	PROPN
aeasj-360	126	15	economic	economic	PROPN
aeasj-360	126	16	&	&	CCONJ
aeasj-360	126	17	social	social	PROPN
aeasj-360	126	18	review	review	PROPN
aeasj-360	126	19	vol	vol	NOUN
aeasj-360	126	20	.	.	PROPN
aeasj-360	127	1	5	5	NUM
aeasj-360	127	2	,	,	PUNCT
aeasj-360	127	3	no	no	INTJ
aeasj-360	127	4	.	.	NOUN
aeasj-360	127	5	2	2	NUM
aeasj-360	127	6	;	;	PUNCT
aeasj-360	127	7	2019	2019	NUM
aeasj-360	127	8	25	25	NUM
aeasj-360	127	9	unaimikogbo	unaimikogbo	NOUN
aeasj-360	127	10	and	and	CCONJ
aeasj-360	127	11	enoma	enoma	NOUN
aeasj-360	127	12	(	(	PUNCT
aeasj-360	127	13	2011	2011	NUM
aeasj-360	127	14	)	)	PUNCT
aeasj-360	127	15	evaluated	evaluate	VERB
aeasj-360	127	16	the	the	DET
aeasj-360	127	17	effect	effect	NOUN
aeasj-360	127	18	of	of	ADP
aeasj-360	127	19	monetary	monetary	ADJ
aeasj-360	127	20	policy	policy	NOUN
aeasj-360	127	21	instruments	instrument	NOUN
aeasj-360	127	22	on	on	ADP
aeasj-360	127	23	balance	balance	NOUN
aeasj-360	127	24	of	of	ADP
aeasj-360	127	25	payments	payment	NOUN
aeasj-360	127	26	in	in	ADP
aeasj-360	127	27	nigeria	nigeria	PROPN
aeasj-360	127	28	with	with	ADP
aeasj-360	127	29	a	a	DET
aeasj-360	127	30	simulation	simulation	NOUN
aeasj-360	127	31	equation	equation	NOUN
aeasj-360	127	32	model	model	NOUN
aeasj-360	127	33	1986	1986	NUM
aeasj-360	127	34	-	-	SYM
aeasj-360	127	35	1997	1997	NUM
aeasj-360	127	36	using	use	VERB
aeasj-360	127	37	ordinary	ordinary	ADJ
aeasj-360	127	38	least	least	ADJ
aeasj-360	127	39	square	square	ADJ
aeasj-360	127	40	estimation	estimation	NOUN
aeasj-360	127	41	technique	technique	NOUN
aeasj-360	127	42	of	of	ADP
aeasj-360	127	43	data	datum	NOUN
aeasj-360	127	44	analysis	analysis	NOUN
aeasj-360	127	45	,	,	PUNCT
aeasj-360	127	46	the	the	DET
aeasj-360	127	47	study	study	NOUN
aeasj-360	127	48	found	find	VERB
aeasj-360	127	49	that	that	SCONJ
aeasj-360	127	50	both	both	DET
aeasj-360	127	51	polices	police	NOUN
aeasj-360	127	52	contribute	contribute	VERB
aeasj-360	127	53	significantly	significantly	ADV
aeasj-360	127	54	to	to	PART
aeasj-360	127	55	balance	balance	VERB
aeasj-360	127	56	of	of	ADP
aeasj-360	127	57	payment	payment	NOUN
aeasj-360	127	58	.	.	PUNCT
aeasj-360	128	1	they	they	PRON
aeasj-360	128	2	concluded	conclude	VERB
aeasj-360	128	3	that	that	SCONJ
aeasj-360	128	4	monetary	monetary	ADJ
aeasj-360	128	5	variable	variable	NOUN
aeasj-360	128	6	is	be	AUX
aeasj-360	128	7	more	more	ADV
aeasj-360	128	8	effective	effective	ADJ
aeasj-360	128	9	and	and	CCONJ
aeasj-360	128	10	dependable	dependable	ADJ
aeasj-360	128	11	than	than	ADP
aeasj-360	128	12	fiscal	fiscal	ADJ
aeasj-360	128	13	variable	variable	NOUN
aeasj-360	128	14	in	in	ADP
aeasj-360	128	15	affecting	affect	VERB
aeasj-360	128	16	changes	change	NOUN
aeasj-360	128	17	in	in	ADP
aeasj-360	128	18	economic	economic	ADJ
aeasj-360	128	19	activities	activity	NOUN
aeasj-360	128	20	.	.	PUNCT
aeasj-360	129	1	kandil	kandil	NOUN
aeasj-360	129	2	(	(	PUNCT
aeasj-360	129	3	2004	2004	NUM
aeasj-360	129	4	)	)	PUNCT
aeasj-360	129	5	examined	examine	VERB
aeasj-360	129	6	the	the	DET
aeasj-360	129	7	effects	effect	NOUN
aeasj-360	129	8	of	of	ADP
aeasj-360	129	9	exchange	exchange	NOUN
aeasj-360	129	10	rate	rate	NOUN
aeasj-360	129	11	fluctuations	fluctuation	NOUN
aeasj-360	129	12	on	on	ADP
aeasj-360	129	13	real	real	ADJ
aeasj-360	129	14	output	output	NOUN
aeasj-360	129	15	growth	growth	NOUN
aeasj-360	129	16	and	and	CCONJ
aeasj-360	129	17	price	price	NOUN
aeasj-360	129	18	inflation	inflation	NOUN
aeasj-360	129	19	in	in	ADP
aeasj-360	129	20	a	a	DET
aeasj-360	129	21	sample	sample	NOUN
aeasj-360	129	22	of	of	ADP
aeasj-360	129	23	twenty	twenty	NUM
aeasj-360	129	24	-	-	PUNCT
aeasj-360	129	25	two	two	NUM
aeasj-360	129	26	developing	develop	VERB
aeasj-360	129	27	countries	country	NOUN
aeasj-360	129	28	.	.	PUNCT
aeasj-360	130	1	using	use	VERB
aeasj-360	130	2	theoretical	theoretical	ADJ
aeasj-360	130	3	rational	rational	ADJ
aeasj-360	130	4	expectation	expectation	NOUN
aeasj-360	130	5	model	model	NOUN
aeasj-360	130	6	in	in	ADP
aeasj-360	130	7	the	the	DET
aeasj-360	130	8	analysis	analysis	NOUN
aeasj-360	130	9	and	and	CCONJ
aeasj-360	130	10	decomposes	decompose	VERB
aeasj-360	130	11	movements	movement	NOUN
aeasj-360	130	12	in	in	ADP
aeasj-360	130	13	the	the	DET
aeasj-360	130	14	exchange	exchange	NOUN
aeasj-360	130	15	rate	rate	NOUN
aeasj-360	130	16	into	into	ADP
aeasj-360	130	17	anticipated	anticipate	VERB
aeasj-360	130	18	and	and	CCONJ
aeasj-360	130	19	unanticipated	unanticipated	ADJ
aeasj-360	130	20	components	component	NOUN
aeasj-360	130	21	and	and	CCONJ
aeasj-360	130	22	concluded	conclude	VERB
aeasj-360	130	23	that	that	SCONJ
aeasj-360	130	24	exchange	exchange	NOUN
aeasj-360	130	25	rate	rate	NOUN
aeasj-360	130	26	depreciation	depreciation	NOUN
aeasj-360	130	27	,	,	PUNCT
aeasj-360	130	28	both	both	PRON
aeasj-360	130	29	anticipated	anticipate	VERB
aeasj-360	130	30	and	and	CCONJ
aeasj-360	130	31	unanticipated	unanticipated	ADJ
aeasj-360	130	32	,	,	PUNCT
aeasj-360	130	33	decreases	decrease	VERB
aeasj-360	130	34	real	real	ADJ
aeasj-360	130	35	output	output	NOUN
aeasj-360	130	36	growth	growth	NOUN
aeasj-360	130	37	and	and	CCONJ
aeasj-360	130	38	increases	increase	VERB
aeasj-360	130	39	price	price	NOUN
aeasj-360	130	40	inflation	inflation	NOUN
aeasj-360	130	41	which	which	PRON
aeasj-360	130	42	mean	mean	VERB
aeasj-360	130	43	that	that	SCONJ
aeasj-360	130	44	currency	currency	NOUN
aeasj-360	130	45	depreciation	depreciation	NOUN
aeasj-360	130	46	has	have	VERB
aeasj-360	130	47	a	a	DET
aeasj-360	130	48	negative	negative	ADJ
aeasj-360	130	49	effects	effect	NOUN
aeasj-360	130	50	on	on	ADP
aeasj-360	130	51	economic	economic	ADJ
aeasj-360	130	52	performance	performance	NOUN
aeasj-360	130	53	in	in	ADP
aeasj-360	130	54	developing	develop	VERB
aeasj-360	130	55	countries	country	NOUN
aeasj-360	130	56	.	.	PUNCT
aeasj-360	131	1	mori	mori	PROPN
aeasj-360	131	2	,	,	PUNCT
aeasj-360	131	3	asid	asid	PROPN
aeasj-360	131	4	,	,	PUNCT
aeasj-360	131	5	lily	lily	ADJ
aeasj-360	131	6	,	,	PUNCT
aeasj-360	131	7	mulok	mulok	PROPN
aeasj-360	131	8	and	and	CCONJ
aeasj-360	131	9	loganathan	loganathan	PROPN
aeasj-360	131	10	(	(	PUNCT
aeasj-360	131	11	2012	2012	NUM
aeasj-360	131	12	)	)	PUNCT
aeasj-360	131	13	investigated	investigate	VERB
aeasj-360	131	14	the	the	DET
aeasj-360	131	15	effects	effect	NOUN
aeasj-360	131	16	of	of	ADP
aeasj-360	131	17	the	the	DET
aeasj-360	131	18	exchange	exchange	NOUN
aeasj-360	131	19	rates	rate	NOUN
aeasj-360	131	20	on	on	ADP
aeasj-360	131	21	economic	economic	ADJ
aeasj-360	131	22	growth	growth	NOUN
aeasj-360	131	23	in	in	ADP
aeasj-360	131	24	malaysia	malaysia	NOUN
aeasj-360	131	25	using	use	VERB
aeasj-360	131	26	time	time	NOUN
aeasj-360	131	27	series	series	PROPN
aeasj-360	131	28	data	datum	NOUN
aeasj-360	131	29	spanning	span	VERB
aeasj-360	131	30	from	from	ADP
aeasj-360	131	31	1971	1971	NUM
aeasj-360	131	32	to	to	ADP
aeasj-360	131	33	2009	2009	NUM
aeasj-360	131	34	.	.	PUNCT
aeasj-360	132	1	the	the	DET
aeasj-360	132	2	results	result	NOUN
aeasj-360	132	3	of	of	ADP
aeasj-360	132	4	ardl	ardl	NOUN
aeasj-360	132	5	bounds	bound	NOUN
aeasj-360	132	6	test	test	NOUN
aeasj-360	132	7	suggest	suggest	VERB
aeasj-360	132	8	that	that	SCONJ
aeasj-360	132	9	long	long	ADV
aeasj-360	132	10	-	-	PUNCT
aeasj-360	132	11	run	run	VERB
aeasj-360	132	12	cointegration	cointegration	NOUN
aeasj-360	132	13	exists	exist	VERB
aeasj-360	132	14	between	between	ADP
aeasj-360	132	15	both	both	CCONJ
aeasj-360	132	16	nominal	nominal	ADJ
aeasj-360	132	17	and	and	CCONJ
aeasj-360	132	18	real	real	ADJ
aeasj-360	132	19	exchange	exchange	NOUN
aeasj-360	132	20	rates	rate	NOUN
aeasj-360	132	21	and	and	CCONJ
aeasj-360	132	22	economic	economic	ADJ
aeasj-360	132	23	growth	growth	NOUN
aeasj-360	132	24	with	with	ADP
aeasj-360	132	25	a	a	DET
aeasj-360	132	26	significant	significant	ADJ
aeasj-360	132	27	positive	positive	ADJ
aeasj-360	132	28	coefficient	coefficient	NOUN
aeasj-360	132	29	recorded	record	VERB
aeasj-360	132	30	for	for	ADP
aeasj-360	132	31	real	real	ADJ
aeasj-360	132	32	exchange	exchange	NOUN
aeasj-360	132	33	rate	rate	NOUN
aeasj-360	132	34	and	and	CCONJ
aeasj-360	132	35	concluded	conclude	VERB
aeasj-360	132	36	that	that	SCONJ
aeasj-360	132	37	both	both	DET
aeasj-360	132	38	exchange	exchange	NOUN
aeasj-360	132	39	rates	rate	NOUN
aeasj-360	132	40	have	have	VERB
aeasj-360	132	41	a	a	DET
aeasj-360	132	42	similar	similar	ADJ
aeasj-360	132	43	causal	causal	ADJ
aeasj-360	132	44	effect	effect	NOUN
aeasj-360	132	45	towards	towards	ADP
aeasj-360	132	46	economic	economic	ADJ
aeasj-360	132	47	growth	growth	NOUN
aeasj-360	132	48	and	and	CCONJ
aeasj-360	132	49	suggested	suggest	VERB
aeasj-360	132	50	that	that	SCONJ
aeasj-360	132	51	a	a	DET
aeasj-360	132	52	systematic	systematic	ADJ
aeasj-360	132	53	exchange	exchange	NOUN
aeasj-360	132	54	rate	rate	NOUN
aeasj-360	132	55	via	via	ADP
aeasj-360	132	56	monetary	monetary	ADJ
aeasj-360	132	57	policy	policy	NOUN
aeasj-360	132	58	should	should	AUX
aeasj-360	132	59	be	be	AUX
aeasj-360	132	60	properly	properly	ADV
aeasj-360	132	61	developed	develop	VERB
aeasj-360	132	62	to	to	PART
aeasj-360	132	63	promote	promote	VERB
aeasj-360	132	64	the	the	DET
aeasj-360	132	65	stability	stability	NOUN
aeasj-360	132	66	and	and	CCONJ
aeasj-360	132	67	sustainability	sustainability	NOUN
aeasj-360	132	68	of	of	ADP
aeasj-360	132	69	economic	economic	ADJ
aeasj-360	132	70	growth	growth	NOUN
aeasj-360	132	71	in	in	ADP
aeasj-360	132	72	malaysia	malaysia	PROPN
aeasj-360	132	73	.	.	PUNCT
aeasj-360	133	1	attah	attah	PROPN
aeasj-360	133	2	-	-	PUNCT
aeasj-360	133	3	obeng	obeng	PROPN
aeasj-360	133	4	,	,	PUNCT
aeasj-360	133	5	enu	enu	PROPN
aeasj-360	133	6	,	,	PUNCT
aeasj-360	133	7	osei	osei	PROPN
aeasj-360	133	8	-	-	PUNCT
aeasj-360	133	9	gyimah	gyimah	PROPN
aeasj-360	133	10	and	and	CCONJ
aeasj-360	133	11	opoku	opoku	PROPN
aeasj-360	133	12	(	(	PUNCT
aeasj-360	133	13	2013	2013	NUM
aeasj-360	133	14	)	)	PUNCT
aeasj-360	133	15	examined	examine	VERB
aeasj-360	133	16	the	the	DET
aeasj-360	133	17	relationship	relationship	NOUN
aeasj-360	133	18	between	between	ADP
aeasj-360	133	19	gdp	gdp	NOUN
aeasj-360	133	20	growth	growth	NOUN
aeasj-360	133	21	rate	rate	NOUN
aeasj-360	133	22	and	and	CCONJ
aeasj-360	133	23	exchange	exchange	NOUN
aeasj-360	133	24	rate	rate	NOUN
aeasj-360	133	25	in	in	ADP
aeasj-360	133	26	ghana	ghana	PROPN
aeasj-360	133	27	from	from	ADP
aeasj-360	133	28	the	the	DET
aeasj-360	133	29	period	period	NOUN
aeasj-360	133	30	1980	1980	NUM
aeasj-360	133	31	to	to	ADP
aeasj-360	133	32	2012	2012	NUM
aeasj-360	133	33	.	.	PUNCT
aeasj-360	134	1	the	the	DET
aeasj-360	134	2	study	study	NOUN
aeasj-360	134	3	employed	employ	VERB
aeasj-360	134	4	the	the	DET
aeasj-360	134	5	graphing	graphing	NOUN
aeasj-360	134	6	of	of	ADP
aeasj-360	134	7	the	the	DET
aeasj-360	134	8	scatter	scatter	NOUN
aeasj-360	134	9	diagram	diagram	NOUN
aeasj-360	134	10	for	for	ADP
aeasj-360	134	11	the	the	DET
aeasj-360	134	12	two	two	NUM
aeasj-360	134	13	variables	variable	NOUN
aeasj-360	134	14	which	which	PRON
aeasj-360	134	15	are	be	AUX
aeasj-360	134	16	gdp	gdp	NOUN
aeasj-360	134	17	growth	growth	NOUN
aeasj-360	134	18	rate	rate	NOUN
aeasj-360	134	19	and	and	CCONJ
aeasj-360	134	20	exchange	exchange	NOUN
aeasj-360	134	21	rate	rate	NOUN
aeasj-360	134	22	,	,	PUNCT
aeasj-360	134	23	establishes	establish	VERB
aeasj-360	134	24	the	the	DET
aeasj-360	134	25	correlation	correlation	NOUN
aeasj-360	134	26	between	between	ADP
aeasj-360	134	27	gdp	gdp	NOUN
aeasj-360	134	28	growth	growth	NOUN
aeasj-360	134	29	rate	rate	NOUN
aeasj-360	134	30	and	and	CCONJ
aeasj-360	134	31	exchange	exchange	NOUN
aeasj-360	134	32	rate	rate	NOUN
aeasj-360	134	33	using	use	VERB
aeasj-360	134	34	the	the	DET
aeasj-360	134	35	pearson	pearson	NOUN
aeasj-360	134	36	’s	’s	PART
aeasj-360	134	37	product	product	NOUN
aeasj-360	134	38	moment	moment	NOUN
aeasj-360	134	39	correlation	correlation	NOUN
aeasj-360	134	40	coefficient	coefficient	NOUN
aeasj-360	134	41	(	(	PUNCT
aeasj-360	134	42	ppmc	ppmc	NOUN
aeasj-360	134	43	)	)	PUNCT
aeasj-360	134	44	and	and	CCONJ
aeasj-360	134	45	finally	finally	ADV
aeasj-360	134	46	estimates	estimate	VERB
aeasj-360	134	47	the	the	DET
aeasj-360	134	48	simple	simple	ADJ
aeasj-360	134	49	linear	linear	ADJ
aeasj-360	134	50	regression	regression	NOUN
aeasj-360	134	51	using	use	VERB
aeasj-360	134	52	ols	ol	NOUN
aeasj-360	134	53	.	.	PUNCT
aeasj-360	135	1	which	which	PRON
aeasj-360	135	2	confirms	confirm	VERB
aeasj-360	135	3	to	to	ADP
aeasj-360	135	4	the	the	DET
aeasj-360	135	5	theory	theory	NOUN
aeasj-360	135	6	that	that	DET
aeasj-360	135	7	undervaluation	undervaluation	NOUN
aeasj-360	135	8	(	(	PUNCT
aeasj-360	135	9	high	high	ADJ
aeasj-360	135	10	exchange	exchange	NOUN
aeasj-360	135	11	rate	rate	NOUN
aeasj-360	135	12	)	)	PUNCT
aeasj-360	135	13	stimulates	stimulate	VERB
aeasj-360	135	14	economic	economic	ADJ
aeasj-360	135	15	growth	growth	NOUN
aeasj-360	135	16	in	in	ADP
aeasj-360	135	17	the	the	DET
aeasj-360	135	18	short	short	ADJ
aeasj-360	135	19	run	run	NOUN
aeasj-360	135	20	.	.	PUNCT
aeasj-360	136	1	therefore	therefore	ADV
aeasj-360	136	2	,	,	PUNCT
aeasj-360	136	3	policy	policy	NOUN
aeasj-360	136	4	makers	maker	NOUN
aeasj-360	136	5	should	should	AUX
aeasj-360	136	6	stabilize	stabilize	VERB
aeasj-360	136	7	monetary	monetary	ADJ
aeasj-360	136	8	and	and	CCONJ
aeasj-360	136	9	fiscal	fiscal	ADJ
aeasj-360	136	10	policies	policy	NOUN
aeasj-360	136	11	in	in	ADP
aeasj-360	136	12	the	the	DET
aeasj-360	136	13	long	long	ADJ
aeasj-360	136	14	run	run	NOUN
aeasj-360	136	15	.	.	PUNCT
aeasj-360	137	1	adeniran	adeniran	PROPN
aeasj-360	137	2	,	,	PUNCT
aeasj-360	137	3	yusuf	yusuf	PROPN
aeasj-360	137	4	and	and	CCONJ
aeasj-360	137	5	adeyemi	adeyemi	ADV
aeasj-360	137	6	(	(	PUNCT
aeasj-360	137	7	2014	2014	NUM
aeasj-360	137	8	)	)	PUNCT
aeasj-360	137	9	examined	examine	VERB
aeasj-360	137	10	the	the	DET
aeasj-360	137	11	impact	impact	NOUN
aeasj-360	137	12	of	of	ADP
aeasj-360	137	13	exchange	exchange	NOUN
aeasj-360	137	14	rate	rate	NOUN
aeasj-360	137	15	on	on	ADP
aeasj-360	137	16	nigeria	nigeria	PROPN
aeasj-360	137	17	economic	economic	ADJ
aeasj-360	137	18	growth	growth	NOUN
aeasj-360	137	19	from	from	ADP
aeasj-360	137	20	1986	1986	NUM
aeasj-360	137	21	to	to	ADP
aeasj-360	137	22	2013	2013	NUM
aeasj-360	137	23	.	.	PUNCT
aeasj-360	138	1	employing	employ	VERB
aeasj-360	138	2	the	the	DET
aeasj-360	138	3	correlation	correlation	NOUN
aeasj-360	138	4	and	and	CCONJ
aeasj-360	138	5	regression	regression	NOUN
aeasj-360	138	6	analysis	analysis	NOUN
aeasj-360	138	7	,	,	PUNCT
aeasj-360	138	8	the	the	DET
aeasj-360	138	9	ordinary	ordinary	ADJ
aeasj-360	138	10	least	least	ADJ
aeasj-360	138	11	square	square	ADJ
aeasj-360	138	12	(	(	PUNCT
aeasj-360	138	13	ols	ol	NOUN
aeasj-360	138	14	)	)	PUNCT
aeasj-360	138	15	analyze	analyze	VERB
aeasj-360	138	16	the	the	DET
aeasj-360	138	17	data	datum	NOUN
aeasj-360	138	18	.	.	PUNCT
aeasj-360	139	1	the	the	DET
aeasj-360	139	2	result	result	NOUN
aeasj-360	139	3	revealed	reveal	VERB
aeasj-360	139	4	that	that	SCONJ
aeasj-360	139	5	exchange	exchange	NOUN
aeasj-360	139	6	rate	rate	NOUN
aeasj-360	139	7	has	have	VERB
aeasj-360	139	8	positive	positive	ADJ
aeasj-360	139	9	and	and	CCONJ
aeasj-360	139	10	insignificant	insignificant	ADJ
aeasj-360	139	11	impact	impact	NOUN
aeasj-360	139	12	on	on	ADP
aeasj-360	139	13	nigeria	nigeria	PROPN
aeasj-360	139	14	economic	economic	ADJ
aeasj-360	139	15	growth	growth	NOUN
aeasj-360	139	16	and	and	CCONJ
aeasj-360	139	17	recommended	recommend	VERB
aeasj-360	139	18	that	that	SCONJ
aeasj-360	139	19	government	government	NOUN
aeasj-360	139	20	should	should	AUX
aeasj-360	139	21	encourage	encourage	VERB
aeasj-360	139	22	the	the	DET
aeasj-360	139	23	export	export	NOUN
aeasj-360	139	24	promotion	promotion	NOUN
aeasj-360	139	25	strategies	strategy	NOUN
aeasj-360	139	26	in	in	ADP
aeasj-360	139	27	order	order	NOUN
aeasj-360	139	28	to	to	PART
aeasj-360	139	29	maintain	maintain	VERB
aeasj-360	139	30	a	a	DET
aeasj-360	139	31	surplus	surplus	ADJ
aeasj-360	139	32	balance	balance	NOUN
aeasj-360	139	33	of	of	ADP
aeasj-360	139	34	trade	trade	NOUN
aeasj-360	139	35	and	and	CCONJ
aeasj-360	139	36	also	also	ADV
aeasj-360	139	37	conducive	conducive	ADJ
aeasj-360	139	38	environment	environment	NOUN
aeasj-360	139	39	,	,	PUNCT
aeasj-360	139	40	adequate	adequate	ADJ
aeasj-360	139	41	security	security	NOUN
aeasj-360	139	42	,	,	PUNCT
aeasj-360	139	43	effective	effective	ADJ
aeasj-360	139	44	fiscal	fiscal	ADJ
aeasj-360	139	45	and	and	CCONJ
aeasj-360	139	46	monetary	monetary	ADJ
aeasj-360	139	47	,	,	PUNCT
aeasj-360	139	48	as	as	ADV
aeasj-360	139	49	well	well	ADV
aeasj-360	139	50	as	as	ADP
aeasj-360	139	51	infrastructural	infrastructural	ADJ
aeasj-360	139	52	facilities	facility	NOUN
aeasj-360	139	53	should	should	AUX
aeasj-360	139	54	be	be	AUX
aeasj-360	139	55	provided	provide	VERB
aeasj-360	139	56	so	so	SCONJ
aeasj-360	139	57	that	that	SCONJ
aeasj-360	139	58	foreign	foreign	ADJ
aeasj-360	139	59	investors	investor	NOUN
aeasj-360	139	60	will	will	AUX
aeasj-360	139	61	be	be	AUX
aeasj-360	139	62	attracted	attract	VERB
aeasj-360	139	63	to	to	PART
aeasj-360	139	64	invest	invest	VERB
aeasj-360	139	65	in	in	ADP
aeasj-360	139	66	nigeria	nigeria	PROPN
aeasj-360	139	67	.	.	PUNCT
aeasj-360	140	1	akinlo	akinlo	PROPN
aeasj-360	140	2	and	and	CCONJ
aeasj-360	140	3	lawal	lawal	PROPN
aeasj-360	140	4	(	(	PUNCT
aeasj-360	140	5	2012	2012	NUM
aeasj-360	140	6	)	)	PUNCT
aeasj-360	140	7	used	use	VERB
aeasj-360	140	8	vector	vector	NOUN
aeasj-360	140	9	error	error	NOUN
aeasj-360	140	10	correction	correction	NOUN
aeasj-360	140	11	model	model	NOUN
aeasj-360	140	12	(	(	PUNCT
aeasj-360	140	13	vecm	vecm	NOUN
aeasj-360	140	14	)	)	PUNCT
aeasj-360	140	15	examined	examine	VERB
aeasj-360	140	16	the	the	DET
aeasj-360	140	17	impact	impact	NOUN
aeasj-360	140	18	of	of	ADP
aeasj-360	140	19	exchange	exchange	NOUN
aeasj-360	140	20	rate	rate	NOUN
aeasj-360	140	21	on	on	ADP
aeasj-360	140	22	industrial	industrial	ADJ
aeasj-360	140	23	production	production	NOUN
aeasj-360	140	24	in	in	ADP
aeasj-360	140	25	nigeria	nigeria	PROPN
aeasj-360	140	26	over	over	ADP
aeasj-360	140	27	the	the	DET
aeasj-360	140	28	period	period	NOUN
aeasj-360	140	29	1986	1986	NUM
aeasj-360	140	30	-	-	SYM
aeasj-360	140	31	2010	2010	NUM
aeasj-360	140	32	.	.	PUNCT
aeasj-360	141	1	the	the	DET
aeasj-360	141	2	finding	finding	NOUN
aeasj-360	141	3	confirmed	confirm	VERB
aeasj-360	141	4	the	the	DET
aeasj-360	141	5	existence	existence	NOUN
aeasj-360	141	6	of	of	ADP
aeasj-360	141	7	long	long	ADJ
aeasj-360	141	8	run	run	NOUN
aeasj-360	141	9	relationship	relationship	NOUN
aeasj-360	141	10	between	between	ADP
aeasj-360	141	11	industrial	industrial	ADJ
aeasj-360	141	12	production	production	NOUN
aeasj-360	141	13	index	index	NOUN
aeasj-360	141	14	and	and	CCONJ
aeasj-360	141	15	exchange	exchange	NOUN
aeasj-360	141	16	rate	rate	NOUN
aeasj-360	141	17	,	,	PUNCT
aeasj-360	141	18	money	money	NOUN
aeasj-360	141	19	supply	supply	NOUN
aeasj-360	141	20	and	and	CCONJ
aeasj-360	141	21	inflation	inflation	NOUN
aeasj-360	141	22	rate	rate	NOUN
aeasj-360	141	23	.	.	PUNCT
aeasj-360	142	1	moreover	moreover	ADV
aeasj-360	142	2	,	,	PUNCT
aeasj-360	142	3	exchange	exchange	NOUN
aeasj-360	142	4	rate	rate	NOUN
aeasj-360	142	5	depreciation	depreciation	NOUN
aeasj-360	142	6	had	have	VERB
aeasj-360	142	7	no	no	DET
aeasj-360	142	8	perceptible	perceptible	ADJ
aeasj-360	142	9	impact	impact	NOUN
aeasj-360	142	10	on	on	ADP
aeasj-360	142	11	industrial	industrial	ADJ
aeasj-360	142	12	production	production	NOUN
aeasj-360	142	13	in	in	ADP
aeasj-360	142	14	the	the	DET
aeasj-360	142	15	short	short	ADJ
aeasj-360	142	16	run	run	NOUN
aeasj-360	142	17	but	but	CCONJ
aeasj-360	142	18	had	have	VERB
aeasj-360	142	19	positive	positive	ADJ
aeasj-360	142	20	impact	impact	NOUN
aeasj-360	142	21	in	in	ADP
aeasj-360	142	22	the	the	DET
aeasj-360	142	23	long	long	ADJ
aeasj-360	142	24	run	run	NOUN
aeasj-360	142	25	.	.	PUNCT
aeasj-360	143	1	output	output	NOUN
aeasj-360	143	2	,	,	PUNCT
aeasj-360	143	3	inflation	inflation	NOUN
aeasj-360	143	4	and	and	CCONJ
aeasj-360	143	5	exchange	exchange	NOUN
aeasj-360	143	6	rate	rate	NOUN
aeasj-360	143	7	in	in	ADP
aeasj-360	143	8	nigeria	nigeria	PROPN
aeasj-360	143	9	was	be	AUX
aeasj-360	143	10	the	the	DET
aeasj-360	143	11	focus	focus	NOUN
aeasj-360	143	12	of	of	ADP
aeasj-360	143	13	the	the	DET
aeasj-360	143	14	work	work	NOUN
aeasj-360	143	15	by	by	ADP
aeasj-360	143	16	odusola	odusola	NOUN
aeasj-360	143	17	and	and	CCONJ
aeasj-360	143	18	rasaq	rasaq	NOUN
aeasj-360	143	19	(	(	PUNCT
aeasj-360	143	20	2012	2012	NUM
aeasj-360	143	21	)	)	PUNCT
aeasj-360	143	22	analyzed	analyze	VERB
aeasj-360	143	23	the	the	DET
aeasj-360	143	24	impact	impact	NOUN
aeasj-360	143	25	of	of	ADP
aeasj-360	143	26	exchange	exchange	NOUN
aeasj-360	143	27	rate	rate	NOUN
aeasj-360	143	28	volatility	volatility	NOUN
aeasj-360	143	29	on	on	ADP
aeasj-360	143	30	macroeconomic	macroeconomic	ADJ
aeasj-360	143	31	variables	variable	NOUN
aeasj-360	143	32	.	.	PUNCT
aeasj-360	144	1	employing	employ	VERB
aeasj-360	144	2	correlation	correlation	NOUN
aeasj-360	144	3	matrix	matrix	NOUN
aeasj-360	144	4	,	,	PUNCT
aeasj-360	144	5	ordinary	ordinary	ADJ
aeasj-360	144	6	least	least	ADJ
aeasj-360	144	7	square	square	ADJ
aeasj-360	144	8	(	(	PUNCT
aeasj-360	144	9	ols	ol	NOUN
aeasj-360	144	10	)	)	PUNCT
aeasj-360	144	11	and	and	CCONJ
aeasj-360	144	12	granger	granger	PROPN
aeasj-360	144	13	causality	causality	PROPN
aeasj-360	144	14	test	test	NOUN
aeasj-360	144	15	,	,	PUNCT
aeasj-360	144	16	the	the	DET
aeasj-360	144	17	findings	finding	NOUN
aeasj-360	144	18	shows	show	VERB
aeasj-360	144	19	that	that	SCONJ
aeasj-360	144	20	exchange	exchange	NOUN
aeasj-360	144	21	rate	rate	NOUN
aeasj-360	144	22	volatility	volatility	NOUN
aeasj-360	144	23	has	have	VERB
aeasj-360	144	24	a	a	DET
aeasj-360	144	25	positive	positive	ADJ
aeasj-360	144	26	influence	influence	NOUN
aeasj-360	144	27	on	on	ADP
aeasj-360	144	28	gross	gross	ADJ
aeasj-360	144	29	domestic	domestic	ADJ
aeasj-360	144	30	product	product	NOUN
aeasj-360	144	31	and	and	CCONJ
aeasj-360	144	32	suggested	suggest	VERB
aeasj-360	144	33	that	that	SCONJ
aeasj-360	144	34	there	there	PRON
aeasj-360	144	35	is	be	VERB
aeasj-360	144	36	need	need	NOUN
aeasj-360	144	37	for	for	SCONJ
aeasj-360	144	38	nigeria	nigeria	PRON
aeasj-360	144	39	to	to	PART
aeasj-360	144	40	improve	improve	VERB
aeasj-360	144	41	their	their	PRON
aeasj-360	144	42	revenue	revenue	NOUN
aeasj-360	144	43	base	base	NOUN
aeasj-360	144	44	in	in	ADP
aeasj-360	144	45	term	term	NOUN
aeasj-360	144	46	of	of	ADP
aeasj-360	144	47	increasing	increase	VERB
aeasj-360	144	48	number	number	NOUN
aeasj-360	144	49	of	of	ADP
aeasj-360	144	50	items	item	NOUN
aeasj-360	144	51	meant	mean	VERB
aeasj-360	144	52	for	for	ADP
aeasj-360	144	53	export	export	NOUN
aeasj-360	144	54	,	,	PUNCT
aeasj-360	144	55	reduce	reduce	VERB
aeasj-360	144	56	over	over	ADP
aeasj-360	144	57	reliance	reliance	NOUN
aeasj-360	144	58	on	on	ADP
aeasj-360	144	59	petroleum	petroleum	NOUN
aeasj-360	144	60	sector	sector	NOUN
aeasj-360	144	61	,	,	PUNCT
aeasj-360	144	62	reduce	reduce	VERB
aeasj-360	144	63	the	the	DET
aeasj-360	144	64	importation	importation	NOUN
aeasj-360	144	65	of	of	ADP
aeasj-360	144	66	non	non	PRON
aeasj-360	144	67	essential	essential	ADJ
aeasj-360	144	68	items	item	NOUN
aeasj-360	144	69	and	and	CCONJ
aeasj-360	144	70	increased	increase	VERB
aeasj-360	144	71	domestic	domestic	ADJ
aeasj-360	144	72	production	production	NOUN
aeasj-360	144	73	will	will	AUX
aeasj-360	144	74	reduce	reduce	VERB
aeasj-360	144	75	the	the	DET
aeasj-360	144	76	problem	problem	NOUN
aeasj-360	144	77	caused	cause	VERB
aeasj-360	144	78	by	by	ADP
aeasj-360	144	79	exchange	exchange	NOUN
aeasj-360	144	80	rate	rate	NOUN
aeasj-360	144	81	volatility	volatility	NOUN
aeasj-360	144	82	.	.	PUNCT
aeasj-360	145	1	aliyu	aliyu	NOUN
aeasj-360	145	2	(	(	PUNCT
aeasj-360	145	3	2011	2011	NUM
aeasj-360	145	4	)	)	PUNCT
aeasj-360	145	5	argued	argue	VERB
aeasj-360	145	6	that	that	SCONJ
aeasj-360	145	7	appreciation	appreciation	NOUN
aeasj-360	145	8	of	of	ADP
aeasj-360	145	9	exchange	exchange	NOUN
aeasj-360	145	10	rate	rate	NOUN
aeasj-360	145	11	results	result	NOUN
aeasj-360	145	12	in	in	ADP
aeasj-360	145	13	increased	increase	VERB
aeasj-360	145	14	imports	import	NOUN
aeasj-360	145	15	and	and	CCONJ
aeasj-360	145	16	reduced	reduced	ADJ
aeasj-360	145	17	export	export	NOUN
aeasj-360	145	18	while	while	SCONJ
aeasj-360	145	19	depreciation	depreciation	NOUN
aeasj-360	145	20	would	would	AUX
aeasj-360	145	21	expand	expand	VERB
aeasj-360	145	22	export	export	NOUN
aeasj-360	145	23	and	and	CCONJ
aeasj-360	145	24	discourage	discourage	VERB
aeasj-360	145	25	import	import	NOUN
aeasj-360	145	26	.	.	PUNCT
aeasj-360	146	1	also	also	ADV
aeasj-360	146	2	,	,	PUNCT
aeasj-360	146	3	depreciation	depreciation	NOUN
aeasj-360	146	4	of	of	ADP
aeasj-360	146	5	exchange	exchange	NOUN
aeasj-360	146	6	rate	rate	NOUN
aeasj-360	146	7	tends	tend	VERB
aeasj-360	146	8	to	to	PART
aeasj-360	146	9	cause	cause	VERB
aeasj-360	146	10	a	a	DET
aeasj-360	146	11	shift	shift	NOUN
aeasj-360	146	12	from	from	ADP
aeasj-360	146	13	foreign	foreign	ADJ
aeasj-360	146	14	goods	good	NOUN
aeasj-360	146	15	to	to	ADP
aeasj-360	146	16	domestic	domestic	ADJ
aeasj-360	146	17	goods	good	NOUN
aeasj-360	146	18	.	.	PUNCT
aeasj-360	147	1	hence	hence	ADV
aeasj-360	147	2	,	,	PUNCT
aeasj-360	147	3	it	it	PRON
aeasj-360	147	4	leads	lead	VERB
aeasj-360	147	5	to	to	ADP
aeasj-360	147	6	diversion	diversion	NOUN
aeasj-360	147	7	of	of	ADP
aeasj-360	147	8	income	income	NOUN
aeasj-360	147	9	from	from	ADP
aeasj-360	147	10	importing	import	VERB
aeasj-360	147	11	countries	country	NOUN
aeasj-360	147	12	to	to	ADP
aeasj-360	147	13	countries	country	NOUN
aeasj-360	147	14	exporting	export	VERB
aeasj-360	147	15	through	through	ADP
aeasj-360	147	16	a	a	DET
aeasj-360	147	17	shift	shift	NOUN
aeasj-360	147	18	in	in	ADP
aeasj-360	147	19	terms	term	NOUN
aeasj-360	147	20	of	of	ADP
aeasj-360	147	21	trade	trade	NOUN
aeasj-360	147	22	,	,	PUNCT
aeasj-360	147	23	and	and	CCONJ
aeasj-360	147	24	this	this	PRON
aeasj-360	147	25	tends	tend	VERB
aeasj-360	147	26	to	to	PART
aeasj-360	147	27	have	have	VERB
aeasj-360	147	28	impact	impact	NOUN
aeasj-360	147	29	on	on	ADP
aeasj-360	147	30	the	the	DET
aeasj-360	147	31	exporting	export	VERB
aeasj-360	147	32	and	and	CCONJ
aeasj-360	147	33	importing	import	VERB
aeasj-360	147	34	countries	country	NOUN
aeasj-360	147	35	’	'	PUNCT
aeasj-360	147	36	economic	economic	ADJ
aeasj-360	147	37	growth	growth	NOUN
aeasj-360	147	38	.	.	PUNCT
aeasj-360	148	1	he	he	PRON
aeasj-360	148	2	concluded	conclude	VERB
aeasj-360	148	3	that	that	SCONJ
aeasj-360	148	4	appreciation	appreciation	NOUN
aeasj-360	148	5	of	of	ADP
aeasj-360	148	6	exchange	exchange	NOUN
aeasj-360	148	7	rate	rate	NOUN
aeasj-360	148	8	exert	exert	VERB
aeasj-360	148	9	positive	positive	ADJ
aeasj-360	148	10	impact	impact	NOUN
aeasj-360	148	11	on	on	ADP
aeasj-360	148	12	real	real	ADJ
aeasj-360	148	13	economic	economic	ADJ
aeasj-360	148	14	growth	growth	NOUN
aeasj-360	148	15	in	in	ADP
aeasj-360	148	16	nigeria	nigeria	PROPN
aeasj-360	148	17	.	.	PUNCT
aeasj-360	149	1	dada	dada	PROPN
aeasj-360	149	2	and	and	CCONJ
aeasj-360	149	3	oyeranti	oyeranti	ADJ
aeasj-360	149	4	(	(	PUNCT
aeasj-360	149	5	2012	2012	NUM
aeasj-360	149	6	)	)	PUNCT
aeasj-360	149	7	analysed	analyse	VERB
aeasj-360	149	8	the	the	DET
aeasj-360	149	9	impact	impact	NOUN
aeasj-360	149	10	of	of	ADP
aeasj-360	149	11	exchange	exchange	NOUN
aeasj-360	149	12	rate	rate	NOUN
aeasj-360	149	13	on	on	ADP
aeasj-360	149	14	macroeconomic	macroeconomic	ADJ
aeasj-360	149	15	aggregates	aggregate	NOUN
aeasj-360	149	16	in	in	ADP
aeasj-360	149	17	nigeria	nigeria	PROPN
aeasj-360	149	18	.	.	PUNCT
aeasj-360	150	1	based	base	VERB
aeasj-360	150	2	on	on	ADP
aeasj-360	150	3	the	the	DET
aeasj-360	150	4	annual	annual	ADJ
aeasj-360	150	5	time	time	NOUN
aeasj-360	150	6	series	series	PROPN
aeasj-360	150	7	data	data	PROPN
aeasj-360	150	8	for	for	ADP
aeasj-360	150	9	the	the	DET
aeasj-360	150	10	period	period	NOUN
aeasj-360	150	11	1970	1970	NUM
aeasj-360	150	12	to	to	ADP
aeasj-360	150	13	2009	2009	NUM
aeasj-360	150	14	and	and	CCONJ
aeasj-360	150	15	employed	employ	VERB
aeasj-360	150	16	vector	vector	NOUN
aeasj-360	150	17	-	-	ADJ
aeasj-360	150	18	autoregressive	autoregressive	ADJ
aeasj-360	150	19	model	model	NOUN
aeasj-360	150	20	.	.	PUNCT
aeasj-360	151	1	the	the	DET
aeasj-360	151	2	estimation	estimation	NOUN
aeasj-360	151	3	results	result	NOUN
aeasj-360	151	4	show	show	VERB
aeasj-360	151	5	that	that	SCONJ
aeasj-360	151	6	there	there	PRON
aeasj-360	151	7	is	be	VERB
aeasj-360	151	8	no	no	DET
aeasj-360	151	9	evidence	evidence	NOUN
aeasj-360	151	10	of	of	ADP
aeasj-360	151	11	a	a	DET
aeasj-360	151	12	strong	strong	ADJ
aeasj-360	151	13	direct	direct	ADJ
aeasj-360	151	14	relationship	relationship	NOUN
aeasj-360	151	15	between	between	ADP
aeasj-360	151	16	changes	change	NOUN
aeasj-360	151	17	in	in	ADP
aeasj-360	151	18	the	the	DET
aeasj-360	151	19	exchange	exchange	NOUN
aeasj-360	151	20	rate	rate	NOUN
aeasj-360	151	21	and	and	CCONJ
aeasj-360	151	22	gdp	gdp	NOUN
aeasj-360	151	23	growth	growth	NOUN
aeasj-360	151	24	.	.	PUNCT
aeasj-360	152	1	rather	rather	ADV
aeasj-360	152	2	,	,	PUNCT
aeasj-360	152	3	nigeria	nigeria	PROPN
aeasj-360	152	4	’s	’s	PART
aeasj-360	152	5	economic	economic	ADJ
aeasj-360	152	6	growth	growth	NOUN
aeasj-360	152	7	has	have	AUX
aeasj-360	152	8	been	be	AUX
aeasj-360	152	9	directly	directly	ADV
aeasj-360	152	10	affected	affect	VERB
aeasj-360	152	11	by	by	ADP
aeasj-360	152	12	fiscal	fiscal	ADJ
aeasj-360	152	13	and	and	CCONJ
aeasj-360	152	14	monetary	monetary	ADJ
aeasj-360	152	15	policies	policy	NOUN
aeasj-360	152	16	and	and	CCONJ
aeasj-360	152	17	other	other	ADJ
aeasj-360	152	18	economic	economic	ADJ
aeasj-360	152	19	variables	variable	NOUN
aeasj-360	152	20	particularly	particularly	ADV
aeasj-360	152	21	the	the	DET
aeasj-360	152	22	growth	growth	NOUN
aeasj-360	152	23	of	of	ADP
aeasj-360	152	24	exports	export	NOUN
aeasj-360	152	25	(	(	PUNCT
aeasj-360	152	26	oil	oil	NOUN
aeasj-360	152	27	)	)	PUNCT
aeasj-360	152	28	and	and	CCONJ
aeasj-360	152	29	concluded	conclude	VERB
aeasj-360	152	30	that	that	SCONJ
aeasj-360	152	31	improvements	improvement	NOUN
aeasj-360	152	32	in	in	ADP
aeasj-360	152	33	exchange	exchange	NOUN
aeasj-360	152	34	rate	rate	NOUN
aeasj-360	152	35	management	management	NOUN
aeasj-360	152	36	are	be	AUX
aeasj-360	152	37	necessary	necessary	ADJ
aeasj-360	152	38	but	but	CCONJ
aeasj-360	152	39	not	not	PART
aeasj-360	152	40	adequate	adequate	ADJ
aeasj-360	152	41	to	to	PART
aeasj-360	152	42	revive	revive	VERB
aeasj-360	152	43	the	the	DET
aeasj-360	152	44	nigerian	nigerian	ADJ
aeasj-360	152	45	economy	economy	NOUN
aeasj-360	152	46	.	.	PUNCT
aeasj-360	153	1	azeez	azeez	PROPN
aeasj-360	153	2	,	,	PUNCT
aeasj-360	153	3	kolapo	kolapo	PROPN
aeasj-360	153	4	and	and	CCONJ
aeasj-360	153	5	ajayi	ajayi	NOUN
aeasj-360	153	6	(	(	PUNCT
aeasj-360	153	7	2012	2012	NUM
aeasj-360	153	8	)	)	PUNCT
aeasj-360	153	9	also	also	ADV
aeasj-360	153	10	examine	examine	VERB
aeasj-360	153	11	the	the	DET
aeasj-360	153	12	effect	effect	NOUN
aeasj-360	153	13	of	of	ADP
aeasj-360	153	14	exchange	exchange	NOUN
aeasj-360	153	15	rate	rate	NOUN
aeasj-360	153	16	volatility	volatility	NOUN
aeasj-360	153	17	on	on	ADP
aeasj-360	153	18	macroeconomic	macroeconomic	ADJ
aeasj-360	153	19	performance	performance	NOUN
aeasj-360	153	20	in	in	ADP
aeasj-360	153	21	nigeria	nigeria	PROPN
aeasj-360	153	22	from	from	ADP
aeasj-360	153	23	1986	1986	NUM
aeasj-360	153	24	to	to	ADP
aeasj-360	153	25	2010	2010	NUM
aeasj-360	153	26	.	.	PUNCT
aeasj-360	154	1	the	the	DET
aeasj-360	154	2	model	model	NOUN
aeasj-360	154	3	formulated	formulate	VERB
aeasj-360	154	4	depicts	depict	VERB
aeasj-360	154	5	real	real	ADJ
aeasj-360	154	6	gdp	gdp	NOUN
aeasj-360	154	7	as	as	ADP
aeasj-360	154	8	the	the	DET
aeasj-360	154	9	dependent	dependent	ADJ
aeasj-360	154	10	variable	variable	NOUN
aeasj-360	154	11	while	while	SCONJ
aeasj-360	154	12	exchange	exchange	NOUN
aeasj-360	154	13	rate	rate	NOUN
aeasj-360	154	14	(	(	PUNCT
aeasj-360	154	15	exr	exr	PROPN
aeasj-360	154	16	)	)	PUNCT
aeasj-360	154	17	,	,	PUNCT
aeasj-360	154	18	balance	balance	NOUN
aeasj-360	154	19	of	of	ADP
aeasj-360	154	20	payment	payment	NOUN
aeasj-360	154	21	(	(	PUNCT
aeasj-360	154	22	bop	bop	INTJ
aeasj-360	154	23	)	)	PUNCT
aeasj-360	154	24	and	and	CCONJ
aeasj-360	154	25	oil	oil	NOUN
aeasj-360	154	26	revenue	revenue	NOUN
aeasj-360	154	27	(	(	PUNCT
aeasj-360	154	28	orev	orev	PROPN
aeasj-360	154	29	)	)	PUNCT
aeasj-360	154	30	are	be	AUX
aeasj-360	154	31	proxied	proxie	VERB
aeasj-360	154	32	as	as	ADP
aeasj-360	154	33	independent	independent	ADJ
aeasj-360	154	34	variables	variable	NOUN
aeasj-360	154	35	.	.	PUNCT
aeasj-360	155	1	it	it	PRON
aeasj-360	155	2	employs	employ	VERB
aeasj-360	155	3	the	the	DET
aeasj-360	155	4	ordinary	ordinary	ADJ
aeasj-360	155	5	least	least	ADV
aeasj-360	155	6	squared	square	VERB
aeasj-360	155	7	(	(	PUNCT
aeasj-360	155	8	ols	ol	NOUN
aeasj-360	155	9	)	)	PUNCT
aeasj-360	155	10	and	and	CCONJ
aeasj-360	155	11	johansen	johansen	PROPN
aeasj-360	155	12	co	co	PROPN
aeasj-360	155	13	-	-	NOUN
aeasj-360	155	14	integration	integration	NOUN
aeasj-360	155	15	estimation	estimation	NOUN
aeasj-360	155	16	techniques	technique	NOUN
aeasj-360	155	17	to	to	PART
aeasj-360	155	18	test	test	VERB
aeasj-360	155	19	for	for	ADP
aeasj-360	155	20	the	the	DET
aeasj-360	155	21	short	short	ADJ
aeasj-360	155	22	and	and	CCONJ
aeasj-360	155	23	long	long	ADJ
aeasj-360	155	24	runs	run	NOUN
aeasj-360	155	25	effects	effect	NOUN
aeasj-360	155	26	respectively	respectively	ADV
aeasj-360	155	27	.	.	PUNCT
aeasj-360	156	1	the	the	DET
aeasj-360	156	2	results	result	NOUN
aeasj-360	156	3	show	show	VERB
aeasj-360	156	4	that	that	SCONJ
aeasj-360	156	5	oil	oil	NOUN
aeasj-360	156	6	revenue	revenue	NOUN
aeasj-360	156	7	and	and	CCONJ
aeasj-360	156	8	balance	balance	NOUN
aeasj-360	156	9	of	of	ADP
aeasj-360	156	10	payment	payment	NOUN
aeasj-360	156	11	exert	exert	VERB
aeasj-360	156	12	negative	negative	ADJ
aeasj-360	156	13	effects	effect	NOUN
aeasj-360	156	14	while	while	SCONJ
aeasj-360	156	15	exchange	exchange	NOUN
aeasj-360	156	16	rate	rate	NOUN
aeasj-360	156	17	volatility	volatility	NOUN
aeasj-360	156	18	contributes	contribute	VERB
aeasj-360	156	19	positively	positively	ADV
aeasj-360	156	20	to	to	ADP
aeasj-360	156	21	gdp	gdp	NOUN
aeasj-360	156	22	in	in	ADP
aeasj-360	156	23	the	the	DET
aeasj-360	156	24	long	long	ADJ
aeasj-360	156	25	run	run	NOUN
aeasj-360	156	26	.	.	PUNCT
aeasj-360	157	1	they	they	PRON
aeasj-360	157	2	recommended	recommend	VERB
aeasj-360	157	3	that	that	SCONJ
aeasj-360	157	4	the	the	DET
aeasj-360	157	5	monetary	monetary	ADJ
aeasj-360	157	6	authorities	authority	NOUN
aeasj-360	157	7	should	should	AUX
aeasj-360	157	8	pursue	pursue	VERB
aeasj-360	157	9	policies	policy	NOUN
aeasj-360	157	10	that	that	PRON
aeasj-360	157	11	would	would	AUX
aeasj-360	157	12	curb	curb	VERB
aeasj-360	157	13	inflation	inflation	NOUN
aeasj-360	157	14	and	and	CCONJ
aeasj-360	157	15	ensure	ensure	VERB
aeasj-360	157	16	stability	stability	NOUN
aeasj-360	157	17	of	of	ADP
aeasj-360	157	18	exchange	exchange	NOUN
aeasj-360	157	19	rate	rate	NOUN
aeasj-360	157	20	.	.	PUNCT
aeasj-360	158	1	copyright	copyright	NOUN
aeasj-360	158	2	©	©	PROPN
aeasj-360	158	3	cc	cc	PROPN
aeasj-360	158	4	-	-	PUNCT
aeasj-360	158	5	by	by	ADP
aeasj-360	158	6	-	-	PUNCT
aeasj-360	158	7	nc	nc	PROPN
aeasj-360	158	8	2019	2019	NUM
aeasj-360	158	9	,	,	PUNCT
aeasj-360	158	10	cribfb	cribfb	VERB
aeasj-360	158	11	|	|	ADV
aeasj-360	158	12	aesr	aesr	ADV
aeasj-360	158	13	www.cribfb.com/journal/index.php/aesr	www.cribfb.com/journal/index.php/aesr	VERB
aeasj-360	158	14	american	american	PROPN
aeasj-360	158	15	economic	economic	PROPN
aeasj-360	158	16	&	&	CCONJ
aeasj-360	158	17	social	social	PROPN
aeasj-360	158	18	review	review	PROPN
aeasj-360	158	19	vol	vol	NOUN
aeasj-360	158	20	.	.	PROPN
aeasj-360	159	1	5	5	NUM
aeasj-360	159	2	,	,	PUNCT
aeasj-360	159	3	no	no	INTJ
aeasj-360	159	4	.	.	NOUN
aeasj-360	159	5	2	2	NUM
aeasj-360	159	6	;	;	PUNCT
aeasj-360	159	7	2019	2019	NUM
aeasj-360	159	8	26	26	NUM
aeasj-360	159	9	ehinomen	ehinoman	NOUN
aeasj-360	159	10	and	and	CCONJ
aeasj-360	159	11	oladipo	oladipo	NOUN
aeasj-360	159	12	(	(	PUNCT
aeasj-360	159	13	2012	2012	NUM
aeasj-360	159	14	)	)	PUNCT
aeasj-360	159	15	examined	examine	VERB
aeasj-360	159	16	the	the	DET
aeasj-360	159	17	impact	impact	NOUN
aeasj-360	159	18	of	of	ADP
aeasj-360	159	19	exchange	exchange	NOUN
aeasj-360	159	20	rate	rate	NOUN
aeasj-360	159	21	management	management	NOUN
aeasj-360	159	22	on	on	ADP
aeasj-360	159	23	the	the	DET
aeasj-360	159	24	growth	growth	NOUN
aeasj-360	159	25	of	of	ADP
aeasj-360	159	26	the	the	DET
aeasj-360	159	27	manufacturing	manufacturing	NOUN
aeasj-360	159	28	sector	sector	NOUN
aeasj-360	159	29	in	in	ADP
aeasj-360	159	30	nigeria	nigeria	PROPN
aeasj-360	159	31	.	.	PUNCT
aeasj-360	160	1	ordinary	ordinary	ADJ
aeasj-360	160	2	least	least	ADJ
aeasj-360	160	3	square	square	ADJ
aeasj-360	160	4	(	(	PUNCT
aeasj-360	160	5	ols	ol	NOUN
aeasj-360	160	6	)	)	PUNCT
aeasj-360	160	7	multiple	multiple	ADJ
aeasj-360	160	8	regression	regression	NOUN
aeasj-360	160	9	analysis	analysis	NOUN
aeasj-360	160	10	was	be	AUX
aeasj-360	160	11	employed	employ	VERB
aeasj-360	160	12	to	to	ADP
aeasj-360	160	13	analyzed	analyze	VERB
aeasj-360	160	14	time	time	NOUN
aeasj-360	160	15	-	-	PUNCT
aeasj-360	160	16	series	series	NOUN
aeasj-360	160	17	data	datum	NOUN
aeasj-360	160	18	which	which	PRON
aeasj-360	160	19	spanned	span	VERB
aeasj-360	160	20	between	between	ADP
aeasj-360	160	21	1986	1986	NUM
aeasj-360	160	22	to2010	to2010	NOUN
aeasj-360	160	23	.	.	PUNCT
aeasj-360	161	1	the	the	DET
aeasj-360	161	2	empirical	empirical	ADJ
aeasj-360	161	3	result	result	NOUN
aeasj-360	161	4	of	of	ADP
aeasj-360	161	5	this	this	DET
aeasj-360	161	6	study	study	NOUN
aeasj-360	161	7	shows	show	VERB
aeasj-360	161	8	that	that	SCONJ
aeasj-360	161	9	depreciation	depreciation	NOUN
aeasj-360	161	10	which	which	PRON
aeasj-360	161	11	forms	form	VERB
aeasj-360	161	12	part	part	NOUN
aeasj-360	161	13	of	of	ADP
aeasj-360	161	14	the	the	DET
aeasj-360	161	15	structural	structural	ADJ
aeasj-360	161	16	adjustment	adjustment	NOUN
aeasj-360	161	17	policy	policy	NOUN
aeasj-360	161	18	(	(	PUNCT
aeasj-360	161	19	sap	sap	PROPN
aeasj-360	161	20	)	)	PUNCT
aeasj-360	161	21	1986	1986	NUM
aeasj-360	161	22	,	,	PUNCT
aeasj-360	161	23	and	and	CCONJ
aeasj-360	161	24	which	which	PRON
aeasj-360	161	25	dominated	dominate	VERB
aeasj-360	161	26	the	the	DET
aeasj-360	161	27	period	period	NOUN
aeasj-360	161	28	under	under	ADP
aeasj-360	161	29	review	review	NOUN
aeasj-360	161	30	has	have	VERB
aeasj-360	161	31	no	no	DET
aeasj-360	161	32	significant	significant	ADJ
aeasj-360	161	33	relationship	relationship	NOUN
aeasj-360	161	34	with	with	ADP
aeasj-360	161	35	the	the	DET
aeasj-360	161	36	manufacturing	manufacturing	NOUN
aeasj-360	161	37	’s	’s	PART
aeasj-360	161	38	sector	sector	NOUN
aeasj-360	161	39	productivity	productivity	NOUN
aeasj-360	161	40	.	.	PUNCT
aeasj-360	162	1	it	it	PRON
aeasj-360	162	2	was	be	AUX
aeasj-360	162	3	found	find	VERB
aeasj-360	162	4	that	that	SCONJ
aeasj-360	162	5	in	in	ADP
aeasj-360	162	6	nigeria	nigeria	PROPN
aeasj-360	162	7	,	,	PUNCT
aeasj-360	162	8	exchange	exchange	NOUN
aeasj-360	162	9	rate	rate	NOUN
aeasj-360	162	10	appreciation	appreciation	NOUN
aeasj-360	162	11	has	have	VERB
aeasj-360	162	12	a	a	DET
aeasj-360	162	13	significant	significant	ADJ
aeasj-360	162	14	relationship	relationship	NOUN
aeasj-360	162	15	with	with	ADP
aeasj-360	162	16	domestic	domestic	ADJ
aeasj-360	162	17	output	output	NOUN
aeasj-360	162	18	and	and	CCONJ
aeasj-360	162	19	recommended	recommend	VERB
aeasj-360	162	20	that	that	SCONJ
aeasj-360	162	21	government	government	NOUN
aeasj-360	162	22	should	should	AUX
aeasj-360	162	23	direct	direct	VERB
aeasj-360	162	24	its	its	PRON
aeasj-360	162	25	exchange	exchange	NOUN
aeasj-360	162	26	rate	rate	NOUN
aeasj-360	162	27	management	management	NOUN
aeasj-360	162	28	policy	policy	NOUN
aeasj-360	162	29	towards	towards	ADP
aeasj-360	162	30	exchange	exchange	NOUN
aeasj-360	162	31	rate	rate	NOUN
aeasj-360	162	32	appreciation	appreciation	NOUN
aeasj-360	162	33	in	in	ADP
aeasj-360	162	34	order	order	NOUN
aeasj-360	162	35	to	to	PART
aeasj-360	162	36	reduce	reduce	VERB
aeasj-360	162	37	the	the	DET
aeasj-360	162	38	cost	cost	NOUN
aeasj-360	162	39	of	of	ADP
aeasj-360	162	40	production	production	NOUN
aeasj-360	162	41	in	in	ADP
aeasj-360	162	42	the	the	DET
aeasj-360	162	43	manufacturing	manufacturing	NOUN
aeasj-360	162	44	sector	sector	NOUN
aeasj-360	162	45	that	that	PRON
aeasj-360	162	46	depends	depend	VERB
aeasj-360	162	47	heavily	heavily	ADV
aeasj-360	162	48	on	on	ADP
aeasj-360	162	49	foreign	foreign	ADJ
aeasj-360	162	50	inputs	input	NOUN
aeasj-360	162	51	while	while	SCONJ
aeasj-360	162	52	there	there	PRON
aeasj-360	162	53	should	should	AUX
aeasj-360	162	54	be	be	AUX
aeasj-360	162	55	total	total	ADJ
aeasj-360	162	56	ban	ban	NOUN
aeasj-360	162	57	of	of	ADP
aeasj-360	162	58	importation	importation	NOUN
aeasj-360	162	59	on	on	ADP
aeasj-360	162	60	consumer	consumer	NOUN
aeasj-360	162	61	and	and	CCONJ
aeasj-360	162	62	intermediate	intermediate	ADJ
aeasj-360	162	63	goods	good	NOUN
aeasj-360	162	64	that	that	PRON
aeasj-360	162	65	can	can	AUX
aeasj-360	162	66	be	be	AUX
aeasj-360	162	67	produced	produce	VERB
aeasj-360	162	68	locally	locally	ADV
aeasj-360	162	69	.	.	PUNCT
aeasj-360	163	1	yaqub	yaqub	NOUN
aeasj-360	163	2	(	(	PUNCT
aeasj-360	163	3	2010	2010	NUM
aeasj-360	163	4	)	)	PUNCT
aeasj-360	163	5	investigated	investigate	VERB
aeasj-360	163	6	the	the	DET
aeasj-360	163	7	effect	effect	NOUN
aeasj-360	163	8	of	of	ADP
aeasj-360	163	9	exchange	exchange	NOUN
aeasj-360	163	10	rate	rate	NOUN
aeasj-360	163	11	on	on	ADP
aeasj-360	163	12	output	output	NOUN
aeasj-360	163	13	of	of	ADP
aeasj-360	163	14	different	different	ADJ
aeasj-360	163	15	sectors	sector	NOUN
aeasj-360	163	16	in	in	ADP
aeasj-360	163	17	nigeria	nigeria	PROPN
aeasj-360	163	18	.	.	PUNCT
aeasj-360	164	1	the	the	DET
aeasj-360	164	2	study	study	NOUN
aeasj-360	164	3	adopted	adopt	VERB
aeasj-360	164	4	the	the	DET
aeasj-360	164	5	modified	modify	VERB
aeasj-360	164	6	is	be	AUX
aeasj-360	164	7	-	-	PUNCT
aeasj-360	164	8	lm	lm	ADJ
aeasj-360	164	9	framework	framework	NOUN
aeasj-360	164	10	and	and	CCONJ
aeasj-360	164	11	estimated	estimate	VERB
aeasj-360	164	12	the	the	DET
aeasj-360	164	13	behavioural	behavioural	ADJ
aeasj-360	164	14	equations	equation	NOUN
aeasj-360	164	15	.	.	PUNCT
aeasj-360	165	1	data	datum	NOUN
aeasj-360	165	2	on	on	ADP
aeasj-360	165	3	nigeria	nigeria	PROPN
aeasj-360	165	4	from	from	ADP
aeasj-360	165	5	1970	1970	NUM
aeasj-360	165	6	-	-	SYM
aeasj-360	165	7	2007	2007	NUM
aeasj-360	165	8	were	be	AUX
aeasj-360	165	9	utilized	utilize	VERB
aeasj-360	165	10	.	.	PUNCT
aeasj-360	166	1	the	the	DET
aeasj-360	166	2	results	result	NOUN
aeasj-360	166	3	obtained	obtain	VERB
aeasj-360	166	4	indicated	indicate	VERB
aeasj-360	166	5	that	that	SCONJ
aeasj-360	166	6	exchange	exchange	NOUN
aeasj-360	166	7	rate	rate	NOUN
aeasj-360	166	8	had	have	VERB
aeasj-360	166	9	significant	significant	ADJ
aeasj-360	166	10	contractionary	contractionary	ADJ
aeasj-360	166	11	effects	effect	NOUN
aeasj-360	166	12	on	on	ADP
aeasj-360	166	13	agricultural	agricultural	ADJ
aeasj-360	166	14	and	and	CCONJ
aeasj-360	166	15	manufacturing	manufacturing	NOUN
aeasj-360	166	16	sectors	sector	NOUN
aeasj-360	166	17	while	while	SCONJ
aeasj-360	166	18	it	it	PRON
aeasj-360	166	19	had	have	VERB
aeasj-360	166	20	expansionary	expansionary	ADJ
aeasj-360	166	21	effect	effect	NOUN
aeasj-360	166	22	on	on	ADP
aeasj-360	166	23	services	service	NOUN
aeasj-360	166	24	sector	sector	NOUN
aeasj-360	166	25	.	.	PUNCT
aeasj-360	167	1	the	the	DET
aeasj-360	167	2	study	study	NOUN
aeasj-360	167	3	therefore	therefore	ADV
aeasj-360	167	4	concluded	conclude	VERB
aeasj-360	167	5	that	that	SCONJ
aeasj-360	167	6	the	the	DET
aeasj-360	167	7	existing	exist	VERB
aeasj-360	167	8	structures	structure	NOUN
aeasj-360	167	9	in	in	ADP
aeasj-360	167	10	nigeria	nigeria	PROPN
aeasj-360	167	11	could	could	AUX
aeasj-360	167	12	not	not	PART
aeasj-360	167	13	support	support	VERB
aeasj-360	167	14	an	an	DET
aeasj-360	167	15	expansionary	expansionary	ADJ
aeasj-360	167	16	depreciation	depreciation	NOUN
aeasj-360	167	17	argument	argument	NOUN
aeasj-360	167	18	in	in	ADP
aeasj-360	167	19	the	the	DET
aeasj-360	167	20	basic	basic	ADJ
aeasj-360	167	21	sectors	sector	NOUN
aeasj-360	167	22	during	during	ADP
aeasj-360	167	23	the	the	DET
aeasj-360	167	24	period	period	NOUN
aeasj-360	167	25	of	of	ADP
aeasj-360	167	26	study	study	NOUN
aeasj-360	167	27	.	.	PUNCT
aeasj-360	168	1	opaluwa	opaluwa	PROPN
aeasj-360	168	2	,	,	PUNCT
aeasj-360	168	3	umeh	umeh	NOUN
aeasj-360	168	4	and	and	CCONJ
aeasj-360	168	5	ameh	ameh	NOUN
aeasj-360	168	6	(	(	PUNCT
aeasj-360	168	7	2010	2010	NUM
aeasj-360	168	8	)	)	PUNCT
aeasj-360	168	9	examined	examine	VERB
aeasj-360	168	10	the	the	DET
aeasj-360	168	11	impact	impact	NOUN
aeasj-360	168	12	of	of	ADP
aeasj-360	168	13	exchange	exchange	NOUN
aeasj-360	168	14	rate	rate	NOUN
aeasj-360	168	15	fluctuations	fluctuation	NOUN
aeasj-360	168	16	on	on	ADP
aeasj-360	168	17	the	the	DET
aeasj-360	168	18	nigerian	nigerian	ADJ
aeasj-360	168	19	manufacturing	manufacturing	NOUN
aeasj-360	168	20	sector	sector	NOUN
aeasj-360	168	21	during	during	ADP
aeasj-360	168	22	a	a	DET
aeasj-360	168	23	twenty	twenty	NUM
aeasj-360	168	24	(	(	PUNCT
aeasj-360	168	25	20	20	NUM
aeasj-360	168	26	)	)	PUNCT
aeasj-360	168	27	year	year	NOUN
aeasj-360	168	28	period	period	NOUN
aeasj-360	168	29	(	(	PUNCT
aeasj-360	168	30	1986	1986	NUM
aeasj-360	168	31	–	–	SYM
aeasj-360	168	32	2005	2005	NUM
aeasj-360	168	33	)	)	PUNCT
aeasj-360	168	34	.	.	PUNCT
aeasj-360	169	1	the	the	DET
aeasj-360	169	2	argument	argument	NOUN
aeasj-360	169	3	is	be	AUX
aeasj-360	169	4	that	that	SCONJ
aeasj-360	169	5	fluctuations	fluctuation	NOUN
aeasj-360	169	6	in	in	ADP
aeasj-360	169	7	exchange	exchange	NOUN
aeasj-360	169	8	rate	rate	NOUN
aeasj-360	169	9	adversely	adversely	ADV
aeasj-360	169	10	affect	affect	VERB
aeasj-360	169	11	output	output	NOUN
aeasj-360	169	12	of	of	ADP
aeasj-360	169	13	the	the	DET
aeasj-360	169	14	manufacturing	manufacturing	NOUN
aeasj-360	169	15	sector	sector	NOUN
aeasj-360	169	16	.	.	PUNCT
aeasj-360	170	1	this	this	PRON
aeasj-360	170	2	is	be	AUX
aeasj-360	170	3	because	because	SCONJ
aeasj-360	170	4	nigerian	nigerian	ADJ
aeasj-360	170	5	manufacturing	manufacturing	NOUN
aeasj-360	170	6	is	be	AUX
aeasj-360	170	7	highly	highly	ADV
aeasj-360	170	8	dependent	dependent	ADJ
aeasj-360	170	9	on	on	ADP
aeasj-360	170	10	import	import	NOUN
aeasj-360	170	11	of	of	ADP
aeasj-360	170	12	inputs	input	NOUN
aeasj-360	170	13	and	and	CCONJ
aeasj-360	170	14	capital	capital	NOUN
aeasj-360	170	15	goods	good	NOUN
aeasj-360	170	16	.	.	PUNCT
aeasj-360	171	1	these	these	PRON
aeasj-360	171	2	are	be	AUX
aeasj-360	171	3	paid	pay	VERB
aeasj-360	171	4	for	for	ADP
aeasj-360	171	5	in	in	ADP
aeasj-360	171	6	foreign	foreign	ADJ
aeasj-360	171	7	exchange	exchange	NOUN
aeasj-360	171	8	whose	whose	DET
aeasj-360	171	9	rate	rate	NOUN
aeasj-360	171	10	of	of	ADP
aeasj-360	171	11	exchange	exchange	NOUN
aeasj-360	171	12	is	be	AUX
aeasj-360	171	13	unstable	unstable	ADJ
aeasj-360	171	14	.	.	PUNCT
aeasj-360	172	1	3	3	X
aeasj-360	172	2	.	.	X
aeasj-360	172	3	methodology	methodology	NOUN
aeasj-360	172	4	this	this	DET
aeasj-360	172	5	study	study	NOUN
aeasj-360	172	6	applies	apply	VERB
aeasj-360	172	7	the	the	DET
aeasj-360	172	8	error	error	NOUN
aeasj-360	172	9	correction	correction	NOUN
aeasj-360	172	10	methodology	methodology	NOUN
aeasj-360	172	11	to	to	ADP
aeasj-360	172	12	a	a	DET
aeasj-360	172	13	regression	regression	NOUN
aeasj-360	172	14	model	model	NOUN
aeasj-360	172	15	based	base	VERB
aeasj-360	172	16	on	on	ADP
aeasj-360	172	17	the	the	DET
aeasj-360	172	18	relationship	relationship	NOUN
aeasj-360	172	19	between	between	ADP
aeasj-360	172	20	exchange	exchange	NOUN
aeasj-360	172	21	rate	rate	NOUN
aeasj-360	172	22	variations	variation	NOUN
aeasj-360	172	23	on	on	ADP
aeasj-360	172	24	nigeria	nigeria	PROPN
aeasj-360	172	25	economy	economy	NOUN
aeasj-360	172	26	.	.	PUNCT
aeasj-360	173	1	the	the	DET
aeasj-360	173	2	idea	idea	NOUN
aeasj-360	173	3	is	be	AUX
aeasj-360	173	4	to	to	PART
aeasj-360	173	5	subject	subject	VERB
aeasj-360	173	6	the	the	DET
aeasj-360	173	7	variables	variable	NOUN
aeasj-360	173	8	to	to	PART
aeasj-360	173	9	stationary	stationary	VERB
aeasj-360	173	10	lest	lest	ADV
aeasj-360	173	11	and	and	CCONJ
aeasj-360	173	12	subsequently	subsequently	ADV
aeasj-360	173	13	remove	remove	VERB
aeasj-360	173	14	the	the	DET
aeasj-360	173	15	non	non	ADJ
aeasj-360	173	16	stationary	stationary	ADJ
aeasj-360	173	17	trends	trend	NOUN
aeasj-360	173	18	by	by	ADP
aeasj-360	173	19	differencing	difference	VERB
aeasj-360	173	20	before	before	ADP
aeasj-360	173	21	regressing	regress	VERB
aeasj-360	173	22	.	.	PUNCT
aeasj-360	174	1	this	this	DET
aeasj-360	174	2	approach	approach	NOUN
aeasj-360	174	3	is	be	AUX
aeasj-360	174	4	intended	intend	VERB
aeasj-360	174	5	to	to	PART
aeasj-360	174	6	remove	remove	VERB
aeasj-360	174	7	the	the	DET
aeasj-360	174	8	possibility	possibility	NOUN
aeasj-360	174	9	of	of	ADP
aeasj-360	174	10	spurious	spurious	ADJ
aeasj-360	174	11	regression	regression	NOUN
aeasj-360	174	12	that	that	PRON
aeasj-360	174	13	may	may	AUX
aeasj-360	174	14	not	not	PART
aeasj-360	174	15	have	have	AUX
aeasj-360	174	16	considered	consider	VERB
aeasj-360	174	17	the	the	DET
aeasj-360	174	18	problem	problem	NOUN
aeasj-360	174	19	of	of	ADP
aeasj-360	174	20	unit	unit	NOUN
aeasj-360	174	21	roots	root	NOUN
aeasj-360	174	22	stationarity	stationarity	NOUN
aeasj-360	174	23	.	.	PUNCT
aeasj-360	175	1	as	as	ADP
aeasj-360	175	2	a	a	DET
aeasj-360	175	3	result	result	NOUN
aeasj-360	175	4	,	,	PUNCT
aeasj-360	175	5	the	the	DET
aeasj-360	175	6	econometric	econometric	ADJ
aeasj-360	175	7	methodology	methodology	NOUN
aeasj-360	175	8	used	use	VERB
aeasj-360	175	9	in	in	ADP
aeasj-360	175	10	those	those	DET
aeasj-360	175	11	studies	study	NOUN
aeasj-360	175	12	did	do	AUX
aeasj-360	175	13	not	not	PART
aeasj-360	175	14	account	account	VERB
aeasj-360	175	15	for	for	ADP
aeasj-360	175	16	non	non	ADJ
aeasj-360	175	17	-	-	NOUN
aeasj-360	175	18	stationarity	stationarity	NOUN
aeasj-360	175	19	in	in	ADP
aeasj-360	175	20	the	the	DET
aeasj-360	175	21	data	datum	NOUN
aeasj-360	175	22	.	.	PUNCT
aeasj-360	176	1	the	the	DET
aeasj-360	176	2	analysis	analysis	NOUN
aeasj-360	176	3	here	here	ADV
aeasj-360	176	4	is	be	AUX
aeasj-360	176	5	primarily	primarily	ADV
aeasj-360	176	6	based	base	VERB
aeasj-360	176	7	on	on	ADP
aeasj-360	176	8	engle	engle	PROPN
aeasj-360	176	9	and	and	CCONJ
aeasj-360	176	10	granger	granger	PROPN
aeasj-360	176	11	(	(	PUNCT
aeasj-360	176	12	1987	1987	NUM
aeasj-360	176	13	)	)	PUNCT
aeasj-360	176	14	,	,	PUNCT
aeasj-360	176	15	and	and	CCONJ
aeasj-360	176	16	engle	engle	PROPN
aeasj-360	176	17	and	and	CCONJ
aeasj-360	176	18	yoo	yoo	PROPN
aeasj-360	176	19	(	(	PUNCT
aeasj-360	176	20	1987	1987	NUM
aeasj-360	176	21	)	)	PUNCT
aeasj-360	176	22	.	.	PUNCT
aeasj-360	177	1	the	the	DET
aeasj-360	177	2	idea	idea	NOUN
aeasj-360	177	3	is	be	AUX
aeasj-360	177	4	to	to	PART
aeasj-360	177	5	determine	determine	VERB
aeasj-360	177	6	the	the	DET
aeasj-360	177	7	order	order	NOUN
aeasj-360	177	8	of	of	ADP
aeasj-360	177	9	integration	integration	NOUN
aeasj-360	177	10	of	of	ADP
aeasj-360	177	11	the	the	DET
aeasj-360	177	12	variables	variable	NOUN
aeasj-360	177	13	,	,	PUNCT
aeasj-360	177	14	that	that	ADV
aeasj-360	177	15	is	is	ADV
aeasj-360	177	16	,	,	PUNCT
aeasj-360	177	17	we	we	PRON
aeasj-360	177	18	test	test	VERB
aeasj-360	177	19	whether	whether	SCONJ
aeasj-360	177	20	they	they	PRON
aeasj-360	177	21	are	be	AUX
aeasj-360	177	22	stationary	stationary	ADJ
aeasj-360	177	23	in	in	ADP
aeasj-360	177	24	their	their	PRON
aeasj-360	177	25	levels	level	NOUN
aeasj-360	177	26	or	or	CCONJ
aeasj-360	177	27	whether	whether	SCONJ
aeasj-360	177	28	they	they	PRON
aeasj-360	177	29	have	have	VERB
aeasj-360	177	30	to	to	PART
aeasj-360	177	31	be	be	AUX
aeasj-360	177	32	differenced	difference	VERB
aeasj-360	177	33	once	once	ADV
aeasj-360	177	34	or	or	CCONJ
aeasj-360	177	35	more	more	ADJ
aeasj-360	177	36	before	before	SCONJ
aeasj-360	177	37	they	they	PRON
aeasj-360	177	38	become	become	VERB
aeasj-360	177	39	stationary	stationary	ADJ
aeasj-360	177	40	.	.	PUNCT
aeasj-360	178	1	testing	testing	NOUN
aeasj-360	178	2	for	for	ADP
aeasj-360	178	3	unit	unit	NOUN
aeasj-360	178	4	roots	root	NOUN
aeasj-360	178	5	is	be	AUX
aeasj-360	178	6	earned	earn	VERB
aeasj-360	178	7	by	by	ADP
aeasj-360	178	8	using	use	VERB
aeasj-360	178	9	the	the	DET
aeasj-360	178	10	augmented	augment	VERB
aeasj-360	178	11	dickey	dickey	NOUN
aeasj-360	178	12	-	-	PUNCT
aeasj-360	178	13	fuller	full	ADJ
aeasj-360	178	14	(	(	PUNCT
aeasj-360	178	15	adf	adf	NOUN
aeasj-360	178	16	)	)	PUNCT
aeasj-360	178	17	test	test	NOUN
aeasj-360	178	18	.	.	PUNCT
aeasj-360	179	1	in	in	ADP
aeasj-360	179	2	order	order	NOUN
aeasj-360	179	3	to	to	PART
aeasj-360	179	4	examine	examine	VERB
aeasj-360	179	5	the	the	DET
aeasj-360	179	6	relationship	relationship	NOUN
aeasj-360	179	7	between	between	ADP
aeasj-360	179	8	the	the	DET
aeasj-360	179	9	dependent	dependent	ADJ
aeasj-360	179	10	and	and	CCONJ
aeasj-360	179	11	the	the	DET
aeasj-360	179	12	independent	independent	ADJ
aeasj-360	179	13	variables	variable	NOUN
aeasj-360	179	14	,	,	PUNCT
aeasj-360	179	15	the	the	DET
aeasj-360	179	16	model	model	NOUN
aeasj-360	179	17	for	for	ADP
aeasj-360	179	18	this	this	DET
aeasj-360	179	19	study	study	NOUN
aeasj-360	179	20	is	be	AUX
aeasj-360	179	21	hereby	hereby	ADV
aeasj-360	179	22	specified	specify	VERB
aeasj-360	179	23	as	as	SCONJ
aeasj-360	179	24	follows	follow	VERB
aeasj-360	179	25	:	:	PUNCT
aeasj-360	179	26	rgdp	rgdp	NOUN
aeasj-360	179	27	=	=	NOUN
aeasj-360	179	28	ffcyjybpsusd	ffcyjybpsusd	NOUN
aeasj-360	179	29	443210	443210	NUM
aeasj-360	179	30			ADJ
aeasj-360	179	31			ADJ
aeasj-360	179	32	+	+	CCONJ
aeasj-360	179	33	εί	εί	PROPN
aeasj-360	179	34	1	1	NUM
aeasj-360	179	35	a	a	ADV
aeasj-360	179	36	-	-	PUNCT
aeasj-360	179	37	priori	priori	ADJ
aeasj-360	179	38	,	,	PUNCT
aeasj-360	179	39	b	b	NOUN
aeasj-360	179	40	,	,	PUNCT
aeasj-360	179	41	>	>	X
aeasj-360	179	42	0	0	NUM
aeasj-360	179	43	,	,	PUNCT
aeasj-360	179	44	b3	b3	PROPN
aeasj-360	179	45	>	>	X
aeasj-360	179	46	0	0	NUM
aeasj-360	179	47	,	,	PUNCT
aeasj-360	179	48	b3	b3	PROPN
aeasj-360	179	49	>	>	X
aeasj-360	179	50	0	0	NUM
aeasj-360	179	51	,	,	PUNCT
aeasj-360	179	52	b4<0	b4<0	PROPN
aeasj-360	179	53	,	,	PUNCT
aeasj-360	179	54	b5	b5	PROPN
aeasj-360	179	55	>	>	X
aeasj-360	179	56	0	0	PROPN
aeasj-360	179	57	,	,	PUNCT
aeasj-360	179	58	2	2	NUM
aeasj-360	179	59	where	where	SCONJ
aeasj-360	179	60	:	:	PUNCT
aeasj-360	179	61	rgdp	rgdp	NOUN
aeasj-360	179	62	=	=	PUNCT
aeasj-360	179	63	real	real	ADJ
aeasj-360	179	64	gross	gross	ADJ
aeasj-360	179	65	domestic	domestic	ADJ
aeasj-360	179	66	products	product	NOUN
aeasj-360	179	67	usd	usd	NOUN
aeasj-360	179	68	=	=	SYM
aeasj-360	179	69	us	us	PROPN
aeasj-360	179	70	dollar	dollar	NOUN
aeasj-360	179	71	proxy	proxy	NOUN
aeasj-360	179	72	by	by	ADP
aeasj-360	179	73	naira	naira	NOUN
aeasj-360	179	74	exchange	exchange	NOUN
aeasj-360	179	75	rate	rate	NOUN
aeasj-360	179	76	per	per	ADP
aeasj-360	179	77	dollar	dollar	NOUN
aeasj-360	179	78	pds	pds	NOUN
aeasj-360	179	79	=	=	PUNCT
aeasj-360	179	80	british	british	ADJ
aeasj-360	179	81	pound	pound	NOUN
aeasj-360	179	82	sterling	sterling	NOUN
aeasj-360	179	83	proxy	proxy	NOUN
aeasj-360	179	84	by	by	ADP
aeasj-360	179	85	naira	naira	NOUN
aeasj-360	179	86	exchange	exchange	NOUN
aeasj-360	179	87	rate	rate	NOUN
aeasj-360	179	88	per	per	ADP
aeasj-360	179	89	pound	pound	NOUN
aeasj-360	179	90	yy	yy	NOUN
aeasj-360	179	91	=	=	PUNCT
aeasj-360	179	92	japanese	japanese	ADJ
aeasj-360	179	93	yen	yen	NOUN
aeasj-360	179	94	proxy	proxy	NOUN
aeasj-360	179	95	by	by	ADP
aeasj-360	179	96	naira	naira	NOUN
aeasj-360	179	97	exchange	exchange	NOUN
aeasj-360	179	98	rate	rate	NOUN
aeasj-360	179	99	per	per	ADP
aeasj-360	179	100	yen	yen	NOUN
aeasj-360	179	101	cy	cy	PROPN
aeasj-360	179	102	=	=	PUNCT
aeasj-360	179	103	chinese	chinese	ADJ
aeasj-360	179	104	yen	yen	NOUN
aeasj-360	179	105	proxy	proxy	NOUN
aeasj-360	179	106	by	by	ADP
aeasj-360	179	107	naira	naira	NOUN
aeasj-360	179	108	exchange	exchange	NOUN
aeasj-360	179	109	rate	rate	NOUN
aeasj-360	179	110	per	per	ADP
aeasj-360	179	111	yen	yen	NOUN
aeasj-360	179	112	ff	ff	NOUN
aeasj-360	179	113	=	=	PUNCT
aeasj-360	179	114	french	french	ADJ
aeasj-360	179	115	francs	franc	NOUN
aeasj-360	179	116	proxy	proxy	NOUN
aeasj-360	179	117	by	by	ADP
aeasj-360	179	118	naira	naira	NOUN
aeasj-360	179	119	exchange	exchange	NOUN
aeasj-360	179	120	rate	rate	NOUN
aeasj-360	179	121	per	per	ADP
aeasj-360	179	122	franc	franc	NOUN
aeasj-360	179	123	εί	εί	NOUN
aeasj-360	180	1	=	=	NOUN
aeasj-360	180	2	error	error	NOUN
aeasj-360	180	3	term	term	NOUN
aeasj-360	180	4	the	the	DET
aeasj-360	180	5	analysis	analysis	NOUN
aeasj-360	180	6	of	of	ADP
aeasj-360	180	7	short	short	ADJ
aeasj-360	180	8	-	-	PUNCT
aeasj-360	180	9	run	run	NOUN
aeasj-360	180	10	dynamics	dynamic	NOUN
aeasj-360	180	11	is	be	AUX
aeasj-360	180	12	often	often	ADV
aeasj-360	180	13	done	do	VERB
aeasj-360	180	14	by	by	ADP
aeasj-360	180	15	first	first	ADJ
aeasj-360	180	16	eliminating	eliminate	VERB
aeasj-360	180	17	trends	trend	NOUN
aeasj-360	180	18	in	in	ADP
aeasj-360	180	19	the	the	DET
aeasj-360	180	20	variables	variable	NOUN
aeasj-360	180	21	,	,	PUNCT
aeasj-360	180	22	usually	usually	ADV
aeasj-360	180	23	by	by	ADP
aeasj-360	180	24	differencing	difference	VERB
aeasj-360	180	25	.	.	PUNCT
aeasj-360	181	1	the	the	DET
aeasj-360	181	2	theory	theory	NOUN
aeasj-360	181	3	of	of	ADP
aeasj-360	181	4	co	co	NOUN
aeasj-360	181	5	-	-	NOUN
aeasj-360	181	6	integration	integration	NOUN
aeasj-360	181	7	development	development	NOUN
aeasj-360	181	8	in	in	ADP
aeasj-360	181	9	granger	granger	PROPN
aeasj-360	181	10	(	(	PUNCT
aeasj-360	181	11	1981	1981	NUM
aeasj-360	181	12	)	)	PUNCT
aeasj-360	181	13	and	and	CCONJ
aeasj-360	181	14	elaborated	elaborate	VERB
aeasj-360	181	15	in	in	ADP
aeasj-360	181	16	engle	engle	PROPN
aeasj-360	181	17	and	and	CCONJ
aeasj-360	181	18	granger	granger	PROPN
aeasj-360	181	19	(	(	PUNCT
aeasj-360	181	20	1987	1987	NUM
aeasj-360	181	21	)	)	PUNCT
aeasj-360	181	22	addressed	address	VERB
aeasj-360	181	23	this	this	DET
aeasj-360	181	24	issue	issue	NOUN
aeasj-360	181	25	of	of	ADP
aeasj-360	181	26	integrating	integrate	VERB
aeasj-360	181	27	short	short	ADJ
aeasj-360	181	28	-	-	PUNCT
aeasj-360	181	29	run	run	NOUN
aeasj-360	181	30	dynamics	dynamic	NOUN
aeasj-360	181	31	with	with	ADP
aeasj-360	181	32	long	long	ADV
aeasj-360	181	33	-	-	PUNCT
aeasj-360	181	34	run	run	NOUN
aeasj-360	181	35	equilibrium	equilibrium	NOUN
aeasj-360	181	36	.	.	PUNCT
aeasj-360	182	1	it	it	PRON
aeasj-360	182	2	is	be	AUX
aeasj-360	182	3	important	important	ADJ
aeasj-360	182	4	to	to	PART
aeasj-360	182	5	note	note	VERB
aeasj-360	182	6	that	that	SCONJ
aeasj-360	182	7	the	the	DET
aeasj-360	182	8	usual	usual	ADJ
aeasj-360	182	9	starting	starting	NOUN
aeasj-360	182	10	point	point	NOUN
aeasj-360	182	11	of	of	ADP
aeasj-360	182	12	ecm	ecm	NOUN
aeasj-360	182	13	modeling	modeling	NOUN
aeasj-360	182	14	is	be	AUX
aeasj-360	182	15	to	to	PART
aeasj-360	182	16	assess	assess	VERB
aeasj-360	182	17	the	the	DET
aeasj-360	182	18	order	order	NOUN
aeasj-360	182	19	of	of	ADP
aeasj-360	182	20	integration	integration	NOUN
aeasj-360	182	21	of	of	ADP
aeasj-360	182	22	both	both	CCONJ
aeasj-360	182	23	the	the	DET
aeasj-360	182	24	dependent	dependent	ADJ
aeasj-360	182	25	and	and	CCONJ
aeasj-360	182	26	independent	independent	ADJ
aeasj-360	182	27	variables	variable	NOUN
aeasj-360	182	28	in	in	ADP
aeasj-360	182	29	the	the	DET
aeasj-360	182	30	model	model	NOUN
aeasj-360	182	31	.	.	PUNCT
aeasj-360	183	1	the	the	DET
aeasj-360	183	2	order	order	NOUN
aeasj-360	183	3	of	of	ADP
aeasj-360	183	4	integration	integration	NOUN
aeasj-360	183	5	ascertains	ascertain	VERB
aeasj-360	183	6	the	the	DET
aeasj-360	183	7	number	number	NOUN
aeasj-360	183	8	of	of	ADP
aeasj-360	183	9	time	time	NOUN
aeasj-360	183	10	a	a	DET
aeasj-360	183	11	variable	variable	NOUN
aeasj-360	183	12	will	will	AUX
aeasj-360	183	13	be	be	AUX
aeasj-360	183	14	differentiated	differentiate	VERB
aeasj-360	183	15	to	to	PART
aeasj-360	183	16	arrive	arrive	VERB
aeasj-360	183	17	at	at	ADP
aeasj-360	183	18	stationary	stationary	NOUN
aeasj-360	183	19	.	.	PUNCT
aeasj-360	184	1	dickeyfuller	dickeyfuller	NOUN
aeasj-360	184	2	(	(	PUNCT
aeasj-360	184	3	df	df	PROPN
aeasj-360	184	4	)	)	PUNCT
aeasj-360	184	5	,	,	PUNCT
aeasj-360	184	6	augmented	augment	VERB
aeasj-360	184	7	dickey	dickey	NOUN
aeasj-360	184	8	-	-	PUNCT
aeasj-360	184	9	fuller	full	ADJ
aeasj-360	184	10	(	(	PUNCT
aeasj-360	184	11	adf	adf	NOUN
aeasj-360	184	12	)	)	PUNCT
aeasj-360	184	13	and	and	CCONJ
aeasj-360	184	14	sargan	sargan	VERB
aeasj-360	184	15	-rhargava	-rhargava	PROPN
aeasj-360	184	16	durban	durban	PROPN
aeasj-360	184	17	-	-	PUNCT
aeasj-360	184	18	watson	watson	PROPN
aeasj-360	184	19	(	(	PUNCT
aeasj-360	184	20	srdw	srdw	PROPN
aeasj-360	184	21	)	)	PUNCT
aeasj-360	184	22	are	be	AUX
aeasj-360	184	23	the	the	DET
aeasj-360	184	24	widely	widely	ADV
aeasj-360	184	25	used	use	VERB
aeasj-360	184	26	test	test	NOUN
aeasj-360	184	27	for	for	ADP
aeasj-360	184	28	stationary	stationary	NOUN
aeasj-360	184	29	for	for	ADP
aeasj-360	184	30	both	both	PRON
aeasj-360	184	31	individual	individual	ADJ
aeasj-360	184	32	time	time	NOUN
aeasj-360	184	33	series	series	NOUN
aeasj-360	184	34	and	and	CCONJ
aeasj-360	184	35	residual	residual	ADJ
aeasj-360	184	36	from	from	ADP
aeasj-360	184	37	ols	ol	NOUN
aeasj-360	184	38	regressions	regression	NOUN
aeasj-360	184	39	.	.	PUNCT
aeasj-360	185	1	co	co	NOUN
aeasj-360	185	2	-	-	NOUN
aeasj-360	185	3	integration	integration	NOUN
aeasj-360	185	4	is	be	AUX
aeasj-360	185	5	based	base	VERB
aeasj-360	185	6	on	on	ADP
aeasj-360	185	7	the	the	DET
aeasj-360	185	8	properties	property	NOUN
aeasj-360	185	9	of	of	ADP
aeasj-360	185	10	the	the	DET
aeasj-360	185	11	residuals	residual	NOUN
aeasj-360	185	12	from	from	ADP
aeasj-360	185	13	regression	regression	NOUN
aeasj-360	185	14	analysis	analysis	NOUN
aeasj-360	185	15	when	when	SCONJ
aeasj-360	185	16	the	the	DET
aeasj-360	185	17	series	serie	NOUN
aeasj-360	185	18	are	be	AUX
aeasj-360	185	19	individually	individually	ADV
aeasj-360	185	20	non	non	ADJ
aeasj-360	185	21	-	-	ADJ
aeasj-360	185	22	stationary	stationary	ADJ
aeasj-360	185	23	.	.	PUNCT
aeasj-360	186	1	the	the	DET
aeasj-360	186	2	original	original	ADJ
aeasj-360	186	3	co	co	NOUN
aeasj-360	186	4	integration	integration	NOUN
aeasj-360	186	5	regression	regression	NOUN
aeasj-360	186	6	is	be	AUX
aeasj-360	186	7	specified	specify	VERB
aeasj-360	186	8	as	as	SCONJ
aeasj-360	186	9	follows	follow	VERB
aeasj-360	186	10	:	:	PUNCT
aeasj-360	186	11	1110	1110	NUM
aeasj-360	186	12			VERB
aeasj-360	186	13	ta	ta	NOUN
aeasj-360	186	14	3	3	NUM
aeasj-360	186	15	where	where	SCONJ
aeasj-360	186	16	a	a	PRON
aeasj-360	186	17	represents	represent	VERB
aeasj-360	186	18	the	the	DET
aeasj-360	186	19	dependent	dependent	ADJ
aeasj-360	186	20	variables	variable	NOUN
aeasj-360	186	21	,	,	PUNCT
aeasj-360	186	22			PROPN
aeasj-360	186	23	stands	stand	VERB
aeasj-360	186	24	for	for	ADP
aeasj-360	186	25	the	the	DET
aeasj-360	186	26	independent	independent	ADJ
aeasj-360	186	27	variable	variable	NOUN
aeasj-360	186	28	,	,	PUNCT
aeasj-360	186	29	and	and	CCONJ
aeasj-360	186	30	1	1	NUM
aeasj-360	186	31	is	be	AUX
aeasj-360	186	32	the	the	DET
aeasj-360	186	33	random	random	ADJ
aeasj-360	186	34	error	error	NOUN
aeasj-360	186	35	term	term	NOUN
aeasj-360	186	36	.	.	PUNCT
aeasj-360	187	1	0	0	PROPN
aeasj-360	187	2	and	and	CCONJ
aeasj-360	187	3	1	1	PROPN
aeasj-360	187	4	are	be	AUX
aeasj-360	187	5	intercept	intercept	NOUN
aeasj-360	187	6	and	and	CCONJ
aeasj-360	187	7	slope	slope	NOUN
aeasj-360	187	8	coefficients	coefficient	NOUN
aeasj-360	187	9	respectively	respectively	ADV
aeasj-360	187	10	.	.	PUNCT
aeasj-360	188	1	to	to	PART
aeasj-360	188	2	include	include	VERB
aeasj-360	188	3	the	the	DET
aeasj-360	188	4	possibility	possibility	NOUN
aeasj-360	188	5	of	of	ADP
aeasj-360	188	6	bi	bi	ADJ
aeasj-360	188	7	-	-	ADJ
aeasj-360	188	8	directional	directional	ADJ
aeasj-360	188	9	causality	causality	NOUN
aeasj-360	188	10	,	,	PUNCT
aeasj-360	188	11	the	the	DET
aeasj-360	188	12	reverse	reverse	ADJ
aeasj-360	188	13	specification	specification	NOUN
aeasj-360	188	14	of	of	ADP
aeasj-360	188	15	equation	equation	NOUN
aeasj-360	188	16	1	1	NUM
aeasj-360	188	17	is	be	AUX
aeasj-360	188	18	considered	consider	VERB
aeasj-360	188	19	.to	.to	PUNCT
aeasj-360	188	20	provide	provide	VERB
aeasj-360	188	21	a	a	DET
aeasj-360	188	22	more	more	ADV
aeasj-360	188	23	defensive	defensive	ADJ
aeasj-360	188	24	answer	answer	NOUN
aeasj-360	188	25	to	to	ADP
aeasj-360	188	26	the	the	DET
aeasj-360	188	27	non	non	ADJ
aeasj-360	188	28	-	-	NOUN
aeasj-360	188	29	stationarity	stationarity	NOUN
aeasj-360	188	30	in	in	ADP
aeasj-360	188	31	each	each	DET
aeasj-360	188	32	time	time	NOUN
aeasj-360	188	33	series	series	NOUN
aeasj-360	188	34	,	,	PUNCT
aeasj-360	188	35	the	the	DET
aeasj-360	188	36	dickey	dickey	NOUN
aeasj-360	188	37	-	-	PUNCT
aeasj-360	188	38	fuller	full	ADJ
aeasj-360	188	39	(	(	PUNCT
aeasj-360	188	40	1979	1979	NUM
aeasj-360	188	41	)	)	PUNCT
aeasj-360	188	42	regression	regression	NOUN
aeasj-360	188	43	is	be	AUX
aeasj-360	188	44	estimated	estimate	VERB
aeasj-360	188	45	as	as	SCONJ
aeasj-360	188	46	follows	follow	VERB
aeasj-360	188	47	for	for	ADP
aeasj-360	188	48	a	a	DET
aeasj-360	188	49	unit	unit	NOUN
aeasj-360	188	50	root	root	NOUN
aeasj-360	188	51	:	:	PUNCT
aeasj-360	188	52	copyright	copyright	NOUN
aeasj-360	188	53	©	©	PROPN
aeasj-360	188	54	cc	cc	PROPN
aeasj-360	188	55	-	-	PUNCT
aeasj-360	188	56	by	by	ADP
aeasj-360	188	57	-	-	PUNCT
aeasj-360	188	58	nc	nc	PROPN
aeasj-360	188	59	2019	2019	NUM
aeasj-360	188	60	,	,	PUNCT
aeasj-360	188	61	cribfb	cribfb	VERB
aeasj-360	188	62	|	|	ADV
aeasj-360	188	63	aesr	aesr	ADV
aeasj-360	188	64	www.cribfb.com/journal/index.php/aesr	www.cribfb.com/journal/index.php/aesr	VERB
aeasj-360	188	65	american	american	PROPN
aeasj-360	188	66	economic	economic	PROPN
aeasj-360	188	67	&	&	CCONJ
aeasj-360	188	68	social	social	PROPN
aeasj-360	188	69	review	review	PROPN
aeasj-360	188	70	vol	vol	NOUN
aeasj-360	188	71	.	.	PROPN
aeasj-360	189	1	5	5	NUM
aeasj-360	189	2	,	,	PUNCT
aeasj-360	189	3	no	no	INTJ
aeasj-360	189	4	.	.	NOUN
aeasj-360	189	5	2	2	NUM
aeasj-360	189	6	;	;	PUNCT
aeasj-360	189	7	2019	2019	NUM
aeasj-360	189	8	27	27	NUM
aeasj-360	189	9	ttt	ttt	PROPN
aeasj-360	189	10	wee	wee	ADJ
aeasj-360	189	11			PUNCT
aeasj-360	189	12	1	1	X
aeasj-360	189	13			X
aeasj-360	189	14	4	4	NUM
aeasj-360	189	15	if	if	SCONJ
aeasj-360	189	16	x	x	PRON
aeasj-360	189	17	equals	equal	VERB
aeasj-360	189	18	zero	zero	NUM
aeasj-360	189	19	e	e	NOUN
aeasj-360	189	20	is	be	AUX
aeasj-360	189	21	non	non	ADJ
aeasj-360	189	22	-	-	ADJ
aeasj-360	189	23	stationary	stationary	ADJ
aeasj-360	189	24	.	.	PUNCT
aeasj-360	190	1	as	as	ADP
aeasj-360	190	2	a	a	DET
aeasj-360	190	3	result	result	NOUN
aeasj-360	190	4	,	,	PUNCT
aeasj-360	190	5	a	a	PRON
aeasj-360	190	6	and	and	CCONJ
aeasj-360	190	7	b	b	NOUN
aeasj-360	190	8	are	be	AUX
aeasj-360	190	9	not	not	PART
aeasj-360	190	10	co	co	ADJ
aeasj-360	190	11	-	-	VERB
aeasj-360	190	12	integrated	integrated	ADJ
aeasj-360	190	13	.	.	PUNCT
aeasj-360	191	1	in	in	ADP
aeasj-360	191	2	other	other	ADJ
aeasj-360	191	3	words	word	NOUN
aeasj-360	191	4	,	,	PUNCT
aeasj-360	191	5	if	if	SCONJ
aeasj-360	191	6	x	x	PRON
aeasj-360	191	7	is	be	AUX
aeasj-360	191	8	significantly	significantly	ADV
aeasj-360	191	9	different	different	ADJ
aeasj-360	191	10	from	from	ADP
aeasj-360	191	11	zero	zero	NUM
aeasj-360	191	12	a	a	PRON
aeasj-360	191	13	and	and	CCONJ
aeasj-360	191	14	b	b	NOUN
aeasj-360	191	15	is	be	AUX
aeasj-360	191	16	found	find	VERB
aeasj-360	191	17	integrated	integrate	VERB
aeasj-360	191	18	individually	individually	ADV
aeasj-360	191	19	.	.	PUNCT
aeasj-360	192	1	given	give	VERB
aeasj-360	192	2	the	the	DET
aeasj-360	192	3	inherent	inherent	ADJ
aeasj-360	192	4	weakness	weakness	NOUN
aeasj-360	192	5	of	of	ADP
aeasj-360	192	6	the	the	DET
aeasj-360	192	7	root	root	NOUN
aeasj-360	192	8	test	test	NOUN
aeasj-360	192	9	to	to	PART
aeasj-360	192	10	distinguish	distinguish	VERB
aeasj-360	192	11	between	between	ADP
aeasj-360	192	12	the	the	DET
aeasj-360	192	13	null	null	NOUN
aeasj-360	192	14	and	and	CCONJ
aeasj-360	192	15	the	the	DET
aeasj-360	192	16	alternative	alternative	ADJ
aeasj-360	192	17	hypothesis	hypothesis	NOUN
aeasj-360	192	18	,	,	PUNCT
aeasj-360	192	19	it	it	PRON
aeasj-360	192	20	is	be	AUX
aeasj-360	192	21	desirable	desirable	ADJ
aeasj-360	192	22	that	that	SCONJ
aeasj-360	192	23	the	the	DET
aeasj-360	192	24	augmented	augment	VERB
aeasj-360	192	25	dickey	dickey	NOUN
aeasj-360	192	26	-	-	PUNCT
aeasj-360	192	27	fuller	full	ADJ
aeasj-360	192	28	(	(	PUNCT
aeasj-360	192	29	adf	adf	NOUN
aeasj-360	192	30	)	)	PUNCT
aeasj-360	192	31	(	(	PUNCT
aeasj-360	192	32	1981	1981	NUM
aeasj-360	192	33	)	)	PUNCT
aeasj-360	192	34	test	test	NOUN
aeasj-360	192	35	be	be	AUX
aeasj-360	192	36	applied	apply	VERB
aeasj-360	192	37	.	.	PUNCT
aeasj-360	193	1	the	the	DET
aeasj-360	193	2	desirability	desirability	NOUN
aeasj-360	193	3	is	be	AUX
aeasj-360	193	4	warranted	warrant	VERB
aeasj-360	193	5	because	because	SCONJ
aeasj-360	193	6	it	it	PRON
aeasj-360	193	7	is	be	AUX
aeasj-360	193	8	corrects	correct	NOUN
aeasj-360	193	9	for	for	ADP
aeasj-360	193	10	any	any	DET
aeasj-360	193	11	serial	serial	ADJ
aeasj-360	193	12	correlation	correlation	NOUN
aeasj-360	193	13	by	by	ADP
aeasj-360	193	14	incorporating	incorporate	VERB
aeasj-360	193	15	logged	log	VERB
aeasj-360	193	16	changes	change	NOUN
aeasj-360	193	17	of	of	ADP
aeasj-360	193	18	the	the	DET
aeasj-360	193	19	residuals	residual	NOUN
aeasj-360	193	20	.	.	PUNCT
aeasj-360	194	1	to	to	PART
aeasj-360	194	2	be	be	AUX
aeasj-360	194	3	co	co	VERB
aeasj-360	194	4	-	-	VERB
aeasj-360	194	5	integrated	integrated	ADJ
aeasj-360	194	6	,	,	PUNCT
aeasj-360	194	7	both	both	PRON
aeasj-360	194	8	a	a	PRON
aeasj-360	194	9	and	and	CCONJ
aeasj-360	194	10	b	b	NOUN
aeasj-360	194	11	must	must	AUX
aeasj-360	194	12	have	have	VERB
aeasj-360	194	13	the	the	DET
aeasj-360	194	14	same	same	ADJ
aeasj-360	194	15	order	order	NOUN
aeasj-360	194	16	of	of	ADP
aeasj-360	194	17	integration	integration	NOUN
aeasj-360	194	18	(	(	PUNCT
aeasj-360	194	19	eagle	eagle	NOUN
aeasj-360	194	20	and	and	CCONJ
aeasj-360	194	21	granger	granger	PROPN
aeasj-360	194	22	,	,	PUNCT
aeasj-360	194	23	1987	1987	NUM
aeasj-360	194	24	and	and	CCONJ
aeasj-360	194	25	granger	granger	PROPN
aeasj-360	194	26	,	,	PUNCT
aeasj-360	194	27	1986).the	1986).the	PROPN
aeasj-360	194	28	adf	adf	NOUN
aeasj-360	194	29	regression	regression	NOUN
aeasj-360	194	30	is	be	AUX
aeasj-360	194	31	specified	specify	VERB
aeasj-360	194	32	as	as	SCONJ
aeasj-360	194	33	follows	follow	VERB
aeasj-360	194	34	:	:	PUNCT
aeasj-360	194	35	t	t	PROPN
aeasj-360	194	36	t	t	PROPN
aeasj-360	194	37	m	m	PROPN
aeasj-360	194	38	ij	ij	PROPN
aeasj-360	194	39	jtote	jtote	ADJ
aeasj-360	194	40			NOUN
aeasj-360	194	41			ADJ
aeasj-360	194	42			ADJ
aeasj-360	194	43			X
aeasj-360	194	44			X
aeasj-360	194	45	1	1	NUM
aeasj-360	194	46	1	1	NUM
aeasj-360	194	47			NOUN
aeasj-360	194	48	5	5	NUM
aeasj-360	194	49	where	where	SCONJ
aeasj-360	194	50	‘	'	PUNCT
aeasj-360	194	51			NOUN
aeasj-360	194	52	’	'	PUNCT
aeasj-360	194	53	the	the	DET
aeasj-360	194	54	first	first	ADJ
aeasj-360	194	55	different	different	ADJ
aeasj-360	194	56	operator	operator	NOUN
aeasj-360	194	57	and	and	CCONJ
aeasj-360	194	58	‘	'	PUNCT
aeasj-360	194	59	µ	µ	X
aeasj-360	194	60	’	'	PUNCT
aeasj-360	194	61	is	be	AUX
aeasj-360	194	62	the	the	DET
aeasj-360	194	63	new	new	ADJ
aeasj-360	194	64	random	random	ADJ
aeasj-360	194	65	error	error	NOUN
aeasj-360	194	66	term	term	NOUN
aeasj-360	194	67	.	.	PUNCT
aeasj-360	195	1	m	m	PROPN
aeasj-360	195	2	is	be	AUX
aeasj-360	195	3	the	the	DET
aeasj-360	195	4	optimum	optimum	ADJ
aeasj-360	195	5	number	number	NOUN
aeasj-360	195	6	of	of	ADP
aeasj-360	195	7	lags	lag	NOUN
aeasj-360	195	8	needed	need	VERB
aeasj-360	195	9	to	to	PART
aeasj-360	195	10	obtain	obtain	VERB
aeasj-360	195	11	"	"	PUNCT
aeasj-360	195	12	white	white	ADJ
aeasj-360	195	13	noise	noise	NOUN
aeasj-360	195	14	"	"	PUNCT
aeasj-360	195	15	.	.	PUNCT
aeasj-360	196	1	this	this	PRON
aeasj-360	196	2	is	be	AUX
aeasj-360	196	3	approximated	approximate	VERB
aeasj-360	196	4	when	when	SCONJ
aeasj-360	196	5	the	the	DET
aeasj-360	196	6	dw	dw	NOUN
aeasj-360	196	7	value	value	NOUN
aeasj-360	196	8	approaches	approach	VERB
aeasj-360	196	9	2.0	2.0	NUM
aeasj-360	196	10	numerically	numerically	ADV
aeasj-360	196	11	.	.	PUNCT
aeasj-360	197	1	the	the	DET
aeasj-360	197	2	null	null	ADJ
aeasj-360	197	3	hypothesis	hypothesis	NOUN
aeasj-360	197	4	of	of	ADP
aeasj-360	197	5	non	non	ADJ
aeasj-360	197	6	-	-	ADJ
aeasj-360	197	7	cointegration	cointegration	NOUN
aeasj-360	197	8	is	be	AUX
aeasj-360	197	9	rejected	reject	VERB
aeasj-360	197	10	,	,	PUNCT
aeasj-360	197	11	if	if	SCONJ
aeasj-360	197	12	the	the	DET
aeasj-360	197	13	estimated	estimate	VERB
aeasj-360	197	14	adf	adf	PROPN
aeasj-360	197	15	statistics	statistic	NOUN
aeasj-360	197	16	is	be	AUX
aeasj-360	197	17	found	find	VERB
aeasj-360	197	18	to	to	PART
aeasj-360	197	19	be	be	AUX
aeasj-360	197	20	larger	large	ADJ
aeasj-360	197	21	than	than	ADP
aeasj-360	197	22	its	its	PRON
aeasj-360	197	23	critical	critical	ADJ
aeasj-360	197	24	value	value	NOUN
aeasj-360	197	25	at	at	ADP
aeasj-360	197	26	1	1	NUM
aeasj-360	197	27	or	or	CCONJ
aeasj-360	197	28	5	5	NUM
aeasj-360	197	29	or	or	CCONJ
aeasj-360	197	30	10	10	NUM
aeasj-360	197	31	per	per	ADP
aeasj-360	197	32	cent	cent	NOUN
aeasj-360	197	33	level	level	NOUN
aeasj-360	197	34	of	of	ADP
aeasj-360	197	35	significance	significance	NOUN
aeasj-360	197	36	.	.	PUNCT
aeasj-360	198	1	if	if	SCONJ
aeasj-360	198	2	a	a	PRON
aeasj-360	198	3	,	,	PUNCT
aeasj-360	198	4	and	and	CCONJ
aeasj-360	198	5	b	b	NOUN
aeasj-360	198	6	,	,	PUNCT
aeasj-360	198	7	are	be	AUX
aeasj-360	198	8	found	find	VERB
aeasj-360	198	9	to	to	PART
aeasj-360	198	10	be	be	AUX
aeasj-360	198	11	co	co	VERB
aeasj-360	198	12	-	-	VERB
aeasj-360	198	13	integrated	integrated	ADJ
aeasj-360	198	14	,	,	PUNCT
aeasj-360	198	15	then	then	ADV
aeasj-360	198	16	there	there	PRON
aeasj-360	198	17	exist	exist	VERB
aeasj-360	198	18	an	an	DET
aeasj-360	198	19	associated	associated	ADJ
aeasj-360	198	20	error	error	NOUN
aeasj-360	198	21	-	-	PUNCT
aeasj-360	198	22	correlation	correlation	NOUN
aeasj-360	198	23	model	model	NOUN
aeasj-360	198	24	(	(	PUNCT
aeasj-360	198	25	ecm	ecm	PROPN
aeasj-360	198	26	)	)	PUNCT
aeasj-360	198	27	,	,	PUNCT
aeasj-360	198	28	according	accord	VERB
aeasj-360	198	29	to	to	ADP
aeasj-360	198	30	engle	engle	PROPN
aeasj-360	198	31	and	and	CCONJ
aeasj-360	198	32	granger	granger	PROPN
aeasj-360	198	33	(	(	PUNCT
aeasj-360	198	34	1987	1987	NUM
aeasj-360	198	35	)	)	PUNCT
aeasj-360	198	36	.	.	PUNCT
aeasj-360	199	1	the	the	DET
aeasj-360	199	2	usual	usual	ADJ
aeasj-360	199	3	ecm	ecm	NOUN
aeasj-360	199	4	may	may	AUX
aeasj-360	199	5	take	take	VERB
aeasj-360	199	6	the	the	DET
aeasj-360	199	7	following	follow	VERB
aeasj-360	199	8	form	form	NOUN
aeasj-360	199	9	:	:	PUNCT
aeasj-360	200	1	tjt	tjt	PROPN
aeasj-360	200	2	t	t	PROPN
aeasj-360	200	3	j	j	PROPN
aeasj-360	200	4	jjt	jjt	PROPN
aeasj-360	200	5	t	t	PROPN
aeasj-360	200	6	j	j	PROPN
aeasj-360	200	7	tot	tot	PROPN
aeasj-360	200	8	vbaeg	vbaeg	PROPN
aeasj-360	200	9			PROPN
aeasj-360	200	10			PROPN
aeasj-360	200	11			PROPN
aeasj-360	200	12			PROPN
aeasj-360	200	13			PROPN
aeasj-360	200	14			PROPN
aeasj-360	200	15			PRON
aeasj-360	200	16	11	11	NUM
aeasj-360	200	17	11	11	NUM
aeasj-360	200	18			SYM
aeasj-360	200	19	6	6	NUM
aeasj-360	200	20	where	where	SCONJ
aeasj-360	200	21			PRON
aeasj-360	200	22	denotes	denote	VERB
aeasj-360	200	23	the	the	DET
aeasj-360	200	24	different	different	ADJ
aeasj-360	200	25	operator	operator	NOUN
aeasj-360	200	26	cm	cm	NOUN
aeasj-360	200	27	is	be	AUX
aeasj-360	200	28	the	the	DET
aeasj-360	200	29	error	error	NOUN
aeasj-360	200	30	correction	correction	NOUN
aeasj-360	200	31	term	term	NOUN
aeasj-360	200	32	,	,	PUNCT
aeasj-360	200	33	t	t	PROPN
aeasj-360	200	34	is	be	AUX
aeasj-360	200	35	the	the	DET
aeasj-360	200	36	number	number	NOUN
aeasj-360	200	37	of	of	ADP
aeasj-360	200	38	lags	lag	NOUN
aeasj-360	200	39	necessary	necessary	ADJ
aeasj-360	200	40	to	to	PART
aeasj-360	200	41	obtain	obtain	VERB
aeasj-360	200	42	white	white	ADJ
aeasj-360	200	43	noise	noise	NOUN
aeasj-360	200	44	and	and	CCONJ
aeasj-360	200	45	v	v	NOUN
aeasj-360	200	46	,	,	PUNCT
aeasj-360	200	47	is	be	AUX
aeasj-360	200	48	another	another	DET
aeasj-360	200	49	random	random	ADJ
aeasj-360	200	50	disturbance	disturbance	NOUN
aeasj-360	200	51	term	term	NOUN
aeasj-360	200	52	.	.	PUNCT
aeasj-360	201	1	if	if	SCONJ
aeasj-360	201	2	a0	a0	PROPN
aeasj-360	201	3	cm	cm	PROPN
aeasj-360	201	4	is	be	AUX
aeasj-360	201	5	significantly	significantly	ADV
aeasj-360	201	6	different	different	ADJ
aeasj-360	201	7	from	from	ADP
aeasj-360	201	8	zero	zero	NUM
aeasj-360	201	9	,	,	PUNCT
aeasj-360	201	10	then	then	ADV
aeasj-360	201	11	a	a	PRON
aeasj-360	201	12	and	and	CCONJ
aeasj-360	201	13	b	b	NOUN
aeasj-360	201	14	have	have	VERB
aeasj-360	201	15	long	long	ADV
aeasj-360	201	16	-	-	PUNCT
aeasj-360	201	17	run	run	NOUN
aeasj-360	201	18	relationship	relationship	NOUN
aeasj-360	201	19	,	,	PUNCT
aeasj-360	201	20	the	the	DET
aeasj-360	201	21	error	error	NOUN
aeasj-360	201	22	-	-	PUNCT
aeasj-360	201	23	correction	correction	NOUN
aeasj-360	201	24	term	term	NOUN
aeasj-360	201	25			PROPN
aeasj-360	201	26	1te	1te	NOUN
aeasj-360	201	27	depicts	depict	VERB
aeasj-360	201	28	the	the	DET
aeasj-360	201	29	extent	extent	NOUN
aeasj-360	201	30	of	of	ADP
aeasj-360	201	31	disequilibrium	disequilibrium	NOUN
aeasj-360	201	32	between	between	ADP
aeasj-360	201	33	a	a	PRON
aeasj-360	201	34	and	and	CCONJ
aeasj-360	201	35	b	b	NOUN
aeasj-360	201	36	the	the	DET
aeasj-360	201	37	hcm	hcm	PROPN
aeasj-360	201	38	,	,	PUNCT
aeasj-360	201	39	reveals	reveal	VERB
aeasj-360	201	40	further	far	ADV
aeasj-360	201	41	that	that	SCONJ
aeasj-360	201	42	the	the	DET
aeasj-360	201	43	change	change	NOUN
aeasj-360	201	44	in	in	ADP
aeasj-360	201	45	a	a	PRON
aeasj-360	201	46	,	,	PUNCT
aeasj-360	201	47	not	not	PART
aeasj-360	201	48	only	only	ADV
aeasj-360	201	49	depends	depend	VERB
aeasj-360	201	50	on	on	ADP
aeasj-360	201	51	lagged	lag	VERB
aeasj-360	201	52	changes	change	NOUN
aeasj-360	201	53	in	in	ADP
aeasj-360	201	54	b	b	NOUN
aeasj-360	201	55	,	,	PUNCT
aeasj-360	201	56	but	but	CCONJ
aeasj-360	201	57	also	also	ADV
aeasj-360	201	58	on	on	ADP
aeasj-360	201	59	its	its	PRON
aeasj-360	201	60	own	own	ADJ
aeasj-360	201	61	lagged	lag	VERB
aeasj-360	201	62	changes	change	NOUN
aeasj-360	201	63	.	.	PUNCT
aeasj-360	202	1	4	4	X
aeasj-360	202	2	.	.	NOUN
aeasj-360	202	3	results	result	NOUN
aeasj-360	202	4	and	and	CCONJ
aeasj-360	202	5	discussion	discussion	NOUN
aeasj-360	202	6	of	of	ADP
aeasj-360	202	7	findings	finding	NOUN
aeasj-360	202	8	the	the	DET
aeasj-360	202	9	following	follow	VERB
aeasj-360	202	10	tables	table	NOUN
aeasj-360	202	11	contain	contain	VERB
aeasj-360	202	12	details	detail	NOUN
aeasj-360	202	13	of	of	ADP
aeasj-360	202	14	the	the	DET
aeasj-360	202	15	relationship	relationship	NOUN
aeasj-360	202	16	between	between	ADP
aeasj-360	202	17	naira	naira	NOUN
aeasj-360	202	18	exchange	exchange	NOUN
aeasj-360	202	19	rate	rate	NOUN
aeasj-360	202	20	variation	variation	NOUN
aeasj-360	202	21	and	and	CCONJ
aeasj-360	202	22	nigeria	nigeria	PROPN
aeasj-360	202	23	economy	economy	NOUN
aeasj-360	202	24	between	between	ADP
aeasj-360	202	25	the	the	DET
aeasj-360	202	26	years	year	NOUN
aeasj-360	202	27	2000	2000	NUM
aeasj-360	202	28	to	to	ADP
aeasj-360	202	29	2017	2017	NUM
aeasj-360	202	30	.	.	PUNCT
aeasj-360	203	1	table	table	NOUN
aeasj-360	204	1	i	i	PRON
aeasj-360	204	2	:	:	PUNCT
aeasj-360	204	3	ols	ol	NOUN
aeasj-360	204	4	regression	regression	NOUN
aeasj-360	204	5	results	result	VERB
aeasj-360	204	6	variable	variable	ADJ
aeasj-360	204	7	coefficient	coefficient	NOUN
aeasj-360	204	8	std	std	NOUN
aeasj-360	204	9	.	.	NOUN
aeasj-360	204	10	error	error	NOUN
aeasj-360	204	11	t	t	NOUN
aeasj-360	204	12	-	-	PUNCT
aeasj-360	204	13	statistic	statistic	NOUN
aeasj-360	204	14	prob	prob	NOUN
aeasj-360	204	15	.	.	PUNCT
aeasj-360	205	1	usd	usd	NOUN
aeasj-360	205	2	0.892229	0.892229	NUM
aeasj-360	206	1	1.215909	1.215909	NUM
aeasj-360	206	2	4.733796	4.733796	NUM
aeasj-360	206	3	0.0004	0.0004	NUM
aeasj-360	206	4	bps	bps	NOUN
aeasj-360	206	5	-0.715401	-0.715401	NOUN
aeasj-360	206	6	1.534896	1.534896	NUM
aeasj-360	206	7	-3.205487	-3.205487	NOUN
aeasj-360	206	8	0.0007	0.0007	NUM
aeasj-360	206	9	jy	jy	PROPN
aeasj-360	206	10	0.331943	0.331943	NUM
aeasj-360	206	11	0.820052	0.820052	NUM
aeasj-360	206	12	2.404783	2.404783	NUM
aeasj-360	206	13	0.0088	0.0088	NUM
aeasj-360	206	14	cy	cy	ADP
aeasj-360	206	15	0.170058	0.170058	NUM
aeasj-360	206	16	0.180702	0.180702	NUM
aeasj-360	206	17	0.941096	0.941096	NUM
aeasj-360	206	18	0.3550	0.3550	NUM
aeasj-360	206	19	ff	ff	NOUN
aeasj-360	206	20	-0.408847	-0.408847	NOUN
aeasj-360	206	21	1.074098	1.074098	NUM
aeasj-360	206	22	-2.008237	-2.008237	NOUN
aeasj-360	207	1	0.0035	0.0035	NUM
aeasj-360	207	2	c	c	PROPN
aeasj-360	207	3	28.43707	28.43707	NUM
aeasj-360	207	4	32.01708	32.01708	NUM
aeasj-360	207	5	0.888184	0.888184	NUM
aeasj-360	207	6	0.3823	0.3823	NUM
aeasj-360	207	7	r	r	NOUN
aeasj-360	207	8	-	-	PUNCT
aeasj-360	207	9	squared	square	VERB
aeasj-360	207	10	0.651992	0.651992	NUM
aeasj-360	207	11	mean	mean	NOUN
aeasj-360	207	12	dependent	dependent	ADJ
aeasj-360	207	13	var	var	NOUN
aeasj-360	207	14	56.27061	56.27061	NUM
aeasj-360	207	15	adjusted	adjust	VERB
aeasj-360	207	16	r	r	NOUN
aeasj-360	207	17	-	-	PUNCT
aeasj-360	207	18	squared	square	VERB
aeasj-360	207	19	0.423565	0.423565	NUM
aeasj-360	207	20	s.d	s.d	PROPN
aeasj-360	207	21	.	.	PUNCT
aeasj-360	207	22	dependent	dependent	ADJ
aeasj-360	207	23	var	var	PROPN
aeasj-360	207	24	23.56958	23.56958	NUM
aeasj-360	207	25	s.e	s.e	PROPN
aeasj-360	207	26	.	.	PROPN
aeasj-360	207	27	of	of	ADP
aeasj-360	207	28	regression	regression	NOUN
aeasj-360	207	29	24.98336	24.98336	NUM
aeasj-360	207	30	akaike	akaike	ADJ
aeasj-360	207	31	info	info	NOUN
aeasj-360	207	32	criterion	criterion	NOUN
aeasj-360	207	33	9.437262	9.437262	NUM
aeasj-360	207	34	sum	sum	NOUN
aeasj-360	207	35	squared	square	VERB
aeasj-360	207	36	resid	resid	NOUN
aeasj-360	207	37	16852.54	16852.54	NUM
aeasj-360	207	38	schwarz	schwarz	PROPN
aeasj-360	207	39	criterion	criterion	NOUN
aeasj-360	207	40	9.709355	9.709355	NUM
aeasj-360	207	41	log	log	NOUN
aeasj-360	207	42	likelihood	likelihood	NOUN
aeasj-360	207	43	-149.7148	-149.7148	VERB
aeasj-360	207	44	hannan	hannan	PROPN
aeasj-360	207	45	-	-	PUNCT
aeasj-360	207	46	quinn	quinn	PROPN
aeasj-360	207	47	criter	criter	NOUN
aeasj-360	207	48	.	.	PUNCT
aeasj-360	208	1	9.528813	9.528813	NUM
aeasj-360	208	2	f	f	X
aeasj-360	208	3	-	-	PUNCT
aeasj-360	208	4	statistic	statistic	ADJ
aeasj-360	208	5	4.296157	4.296157	NUM
aeasj-360	208	6	durbin	durbin	ADJ
aeasj-360	208	7	-	-	PUNCT
aeasj-360	208	8	watson	watson	NOUN
aeasj-360	208	9	stat	stat	NOUN
aeasj-360	208	10	1.271006	1.271006	NUM
aeasj-360	208	11	prob(f	prob(f	NOUN
aeasj-360	208	12	-	-	PUNCT
aeasj-360	208	13	statistic	statistic	NOUN
aeasj-360	208	14	)	)	PUNCT
aeasj-360	208	15	0.000786	0.000786	NUM
aeasj-360	208	16	source	source	NOUN
aeasj-360	208	17	:	:	PUNCT
aeasj-360	208	18	computed	compute	VERB
aeasj-360	208	19	from	from	ADP
aeasj-360	208	20	e	e	NOUN
aeasj-360	208	21	-	-	NOUN
aeasj-360	208	22	view	view	ADJ
aeasj-360	208	23	table	table	NOUN
aeasj-360	208	24	ii	ii	PROPN
aeasj-360	208	25	:	:	PUNCT
aeasj-360	208	26	presentation	presentation	NOUN
aeasj-360	208	27	of	of	ADP
aeasj-360	208	28	unit	unit	NOUN
aeasj-360	208	29	root	root	NOUN
aeasj-360	208	30	test	test	NOUN
aeasj-360	208	31	at	at	ADP
aeasj-360	208	32	first	first	ADJ
aeasj-360	208	33	difference	difference	NOUN
aeasj-360	208	34	rgdp	rgdp	NOUN
aeasj-360	208	35	-3.667294	-3.667294	NOUN
aeasj-360	208	36	-3.653730	-3.653730	PUNCT
aeasj-360	209	1	-2.957110	-2.957110	ADJ
aeasj-360	209	2	-2.617434	-2.617434	PROPN
aeasj-360	209	3	0.0097	0.0097	NUM
aeasj-360	209	4	1(i	1(i	NUM
aeasj-360	209	5	)	)	PUNCT
aeasj-360	209	6	reject	reject	VERB
aeasj-360	209	7	h0	h0	PROPN
aeasj-360	209	8	stationary	stationary	ADJ
aeasj-360	209	9	usd	usd	NOUN
aeasj-360	209	10	-7.151954	-7.151954	X
aeasj-360	209	11	-3.661661	-3.661661	NOUN
aeasj-360	210	1	-2.960411	-2.960411	PUNCT
aeasj-360	210	2	-2.619160	-2.619160	PUNCT
aeasj-360	211	1	0.0000	0.0000	NUM
aeasj-360	211	2	1(i	1(i	NUM
aeasj-360	211	3	)	)	PUNCT
aeasj-360	211	4	reject	reject	VERB
aeasj-360	211	5	h0	h0	PROPN
aeasj-360	211	6	stationary	stationary	ADJ
aeasj-360	211	7	bps	bps	PROPN
aeasj-360	211	8	-7.081684	-7.081684	PROPN
aeasj-360	211	9	-3.689194	-3.689194	PROPN
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aeasj-360	217	27	)	)	PUNCT
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aeasj-360	237	44	rgdp	rgdp	NOUN
aeasj-360	237	45	does	do	AUX
aeasj-360	237	46	not	not	PART
aeasj-360	237	47	granger	granger	AUX
aeasj-360	237	48	cause	cause	VERB
aeasj-360	237	49	jy	jy	PROPN
aeasj-360	237	50	0.55468	0.55468	NUM
aeasj-360	237	51	0.5809	0.5809	NUM
aeasj-360	237	52	cy	cy	NOUN
aeasj-360	237	53	does	do	AUX
aeasj-360	237	54	not	not	PART
aeasj-360	237	55	granger	granger	AUX
aeasj-360	237	56	cause	cause	VERB
aeasj-360	237	57	rgdp	rgdp	NOUN
aeasj-360	237	58	31	31	NUM
aeasj-360	237	59	3.83802	3.83802	NUM
aeasj-360	237	60	0.0346	0.0346	NUM
aeasj-360	237	61	rgdp	rgdp	NOUN
aeasj-360	237	62	does	do	AUX
aeasj-360	237	63	not	not	PART
aeasj-360	237	64	granger	granger	AUX
aeasj-360	237	65	cause	cause	VERB
aeasj-360	237	66	cy	cy	ADP
aeasj-360	237	67	1.99041	1.99041	NUM
aeasj-360	237	68	0.1569	0.1569	NUM
aeasj-360	237	69	ff	ff	NOUN
aeasj-360	237	70	does	do	AUX
aeasj-360	237	71	not	not	PART
aeasj-360	237	72	granger	granger	AUX
aeasj-360	237	73	cause	cause	VERB
aeasj-360	237	74	rgdp	rgdp	NOUN
aeasj-360	237	75	31	31	NUM
aeasj-360	237	76	0.51371	0.51371	NUM
aeasj-360	237	77	0.6042	0.6042	NUM
aeasj-360	237	78	rgdp	rgdp	NOUN
aeasj-360	237	79	does	do	AUX
aeasj-360	237	80	not	not	PART
aeasj-360	237	81	granger	granger	AUX
aeasj-360	237	82	cause	cause	VERB
aeasj-360	237	83	yy	yy	PROPN
aeasj-360	237	84	2.89661	2.89661	NUM
aeasj-360	237	85	0.0732	0.0732	NUM
aeasj-360	237	86	source	source	NOUN
aeasj-360	237	87	:	:	PUNCT
aeasj-360	237	88	computed	compute	VERB
aeasj-360	237	89	from	from	ADP
aeasj-360	237	90	e	e	NOUN
aeasj-360	237	91	-	-	NOUN
aeasj-360	237	92	view	view	NOUN
aeasj-360	237	93	copyright	copyright	NOUN
aeasj-360	237	94	©	©	PROPN
aeasj-360	237	95	cc	cc	PROPN
aeasj-360	237	96	-	-	PUNCT
aeasj-360	237	97	by	by	ADP
aeasj-360	237	98	-	-	PUNCT
aeasj-360	237	99	nc	nc	PROPN
aeasj-360	237	100	2019	2019	NUM
aeasj-360	237	101	,	,	PUNCT
aeasj-360	237	102	cribfb	cribfb	VERB
aeasj-360	237	103	|	|	ADV
aeasj-360	237	104	aesr	aesr	ADV
aeasj-360	237	105	www.cribfb.com/journal/index.php/aesr	www.cribfb.com/journal/index.php/aesr	AUX
aeasj-360	237	106	american	american	PROPN
aeasj-360	237	107	economic	economic	PROPN
aeasj-360	237	108	&	&	CCONJ
aeasj-360	237	109	social	social	PROPN
aeasj-360	237	110	review	review	PROPN
aeasj-360	237	111	vol	vol	NOUN
aeasj-360	237	112	.	.	PROPN
aeasj-360	238	1	5	5	NUM
aeasj-360	238	2	,	,	PUNCT
aeasj-360	238	3	no	no	INTJ
aeasj-360	238	4	.	.	NOUN
aeasj-360	238	5	2	2	NUM
aeasj-360	238	6	;	;	PUNCT
aeasj-360	238	7	2019	2019	NUM
aeasj-360	238	8	29	29	NUM
aeasj-360	238	9	5	5	NUM
aeasj-360	238	10	.	.	PUNCT
aeasj-360	238	11	analyses	analysis	NOUN
aeasj-360	238	12	and	and	CCONJ
aeasj-360	238	13	discussion	discussion	NOUN
aeasj-360	238	14	of	of	ADP
aeasj-360	238	15	results	result	NOUN
aeasj-360	238	16	from	from	ADP
aeasj-360	238	17	the	the	DET
aeasj-360	238	18	estimated	estimate	VERB
aeasj-360	238	19	regression	regression	NOUN
aeasj-360	238	20	model	model	NOUN
aeasj-360	238	21	,	,	PUNCT
aeasj-360	238	22	the	the	DET
aeasj-360	238	23	results	result	NOUN
aeasj-360	238	24	above	above	ADV
aeasj-360	238	25	prove	prove	VERB
aeasj-360	238	26	the	the	DET
aeasj-360	238	27	relationship	relationship	NOUN
aeasj-360	238	28	between	between	ADP
aeasj-360	238	29	the	the	DET
aeasj-360	238	30	dependent	dependent	ADJ
aeasj-360	238	31	and	and	CCONJ
aeasj-360	238	32	the	the	DET
aeasj-360	238	33	independent	independent	ADJ
aeasj-360	238	34	variables	variable	NOUN
aeasj-360	238	35	as	as	SCONJ
aeasj-360	238	36	formulated	formulate	VERB
aeasj-360	238	37	in	in	ADP
aeasj-360	238	38	the	the	DET
aeasj-360	238	39	model	model	NOUN
aeasj-360	238	40	.	.	PUNCT
aeasj-360	239	1	the	the	DET
aeasj-360	239	2	r2	r2	NOUN
aeasj-360	239	3	of	of	ADP
aeasj-360	239	4	0.65	0.65	NUM
aeasj-360	239	5	indicate	indicate	VERB
aeasj-360	239	6	that	that	SCONJ
aeasj-360	239	7	exchange	exchange	NOUN
aeasj-360	239	8	rate	rate	NOUN
aeasj-360	239	9	variation	variation	NOUN
aeasj-360	239	10	against	against	ADP
aeasj-360	239	11	the	the	DET
aeasj-360	239	12	currencies	currency	NOUN
aeasj-360	239	13	examined	examine	VERB
aeasj-360	239	14	in	in	ADP
aeasj-360	239	15	this	this	DET
aeasj-360	239	16	study	study	NOUN
aeasj-360	239	17	can	can	AUX
aeasj-360	239	18	explained	explain	VERB
aeasj-360	239	19	65	65	NUM
aeasj-360	239	20	percent	percent	NOUN
aeasj-360	239	21	variation	variation	NOUN
aeasj-360	239	22	in	in	ADP
aeasj-360	239	23	nigerian	nigerian	ADJ
aeasj-360	239	24	economic	economic	ADJ
aeasj-360	239	25	performance	performance	NOUN
aeasj-360	239	26	while	while	SCONJ
aeasj-360	239	27	the	the	DET
aeasj-360	239	28	remaining	remain	VERB
aeasj-360	239	29	35	35	NUM
aeasj-360	239	30	%	%	NOUN
aeasj-360	239	31	is	be	AUX
aeasj-360	239	32	traceable	traceable	ADJ
aeasj-360	239	33	to	to	ADP
aeasj-360	239	34	exogenous	exogenous	ADJ
aeasj-360	239	35	variables	variable	NOUN
aeasj-360	239	36	not	not	PART
aeasj-360	239	37	captured	capture	VERB
aeasj-360	239	38	in	in	ADP
aeasj-360	239	39	the	the	DET
aeasj-360	239	40	model	model	NOUN
aeasj-360	239	41	.	.	PUNCT
aeasj-360	240	1	this	this	DET
aeasj-360	240	2	result	result	NOUN
aeasj-360	240	3	proved	prove	VERB
aeasj-360	240	4	the	the	DET
aeasj-360	240	5	significance	significance	NOUN
aeasj-360	240	6	of	of	ADP
aeasj-360	240	7	the	the	DET
aeasj-360	240	8	model	model	NOUN
aeasj-360	240	9	.	.	PUNCT
aeasj-360	241	1	the	the	DET
aeasj-360	241	2	durbin	durbin	PROPN
aeasj-360	241	3	watson	watson	PROPN
aeasj-360	241	4	statistics	statistic	NOUN
aeasj-360	241	5	show	show	VERB
aeasj-360	241	6	that	that	SCONJ
aeasj-360	241	7	there	there	PRON
aeasj-360	241	8	is	be	VERB
aeasj-360	241	9	the	the	DET
aeasj-360	241	10	presence	presence	NOUN
aeasj-360	241	11	of	of	ADP
aeasj-360	241	12	serial	serial	ADJ
aeasj-360	241	13	autocorrelation	autocorrelation	NOUN
aeasj-360	241	14	between	between	ADP
aeasj-360	241	15	the	the	DET
aeasj-360	241	16	variables	variable	NOUN
aeasj-360	241	17	in	in	ADP
aeasj-360	241	18	the	the	DET
aeasj-360	241	19	time	time	NOUN
aeasj-360	241	20	series	series	NOUN
aeasj-360	241	21	.	.	PUNCT
aeasj-360	242	1	the	the	DET
aeasj-360	242	2	regression	regression	NOUN
aeasj-360	242	3	coefficient	coefficient	NOUN
aeasj-360	242	4	proved	prove	VERB
aeasj-360	242	5	that	that	SCONJ
aeasj-360	242	6	flexible	flexible	ADJ
aeasj-360	242	7	naira	naira	PROPN
aeasj-360	242	8	exchange	exchange	NOUN
aeasj-360	242	9	rate	rate	NOUN
aeasj-360	242	10	against	against	ADP
aeasj-360	242	11	us	us	PROPN
aeasj-360	242	12	dollar	dollar	NOUN
aeasj-360	242	13	,	,	PUNCT
aeasj-360	242	14	japanese	japanese	ADJ
aeasj-360	242	15	yen	yen	NOUN
aeasj-360	242	16	and	and	CCONJ
aeasj-360	242	17	chinese	chinese	ADJ
aeasj-360	242	18	yen	yen	NOUN
aeasj-360	242	19	has	have	VERB
aeasj-360	242	20	positive	positive	ADJ
aeasj-360	242	21	and	and	CCONJ
aeasj-360	242	22	significant	significant	ADJ
aeasj-360	242	23	effect	effect	NOUN
aeasj-360	242	24	on	on	ADP
aeasj-360	242	25	nigerian	nigerian	ADJ
aeasj-360	242	26	economy	economy	NOUN
aeasj-360	242	27	;	;	PUNCT
aeasj-360	242	28	while	while	SCONJ
aeasj-360	242	29	british	british	ADJ
aeasj-360	242	30	pound	pound	NOUN
aeasj-360	242	31	sterling	sterling	NOUN
aeasj-360	242	32	and	and	CCONJ
aeasj-360	242	33	french	french	ADJ
aeasj-360	242	34	franc	franc	NOUN
aeasj-360	242	35	have	have	VERB
aeasj-360	242	36	negative	negative	ADJ
aeasj-360	242	37	effect	effect	NOUN
aeasj-360	242	38	on	on	ADP
aeasj-360	242	39	nigerian	nigerian	ADJ
aeasj-360	242	40	economy	economy	NOUN
aeasj-360	242	41	as	as	SCONJ
aeasj-360	242	42	measured	measure	VERB
aeasj-360	242	43	by	by	ADP
aeasj-360	242	44	real	real	ADJ
aeasj-360	242	45	gross	gross	ADJ
aeasj-360	242	46	domestic	domestic	ADJ
aeasj-360	242	47	products	product	NOUN
aeasj-360	242	48	.	.	PUNCT
aeasj-360	243	1	the	the	DET
aeasj-360	243	2	stationary	stationary	ADJ
aeasj-360	243	3	test	test	NOUN
aeasj-360	243	4	on	on	ADP
aeasj-360	243	5	the	the	DET
aeasj-360	243	6	time	time	NOUN
aeasj-360	243	7	series	series	NOUN
aeasj-360	243	8	properties	property	NOUN
aeasj-360	243	9	of	of	ADP
aeasj-360	243	10	our	our	PRON
aeasj-360	243	11	data	datum	NOUN
aeasj-360	243	12	were	be	AUX
aeasj-360	243	13	examined	examine	VERB
aeasj-360	243	14	by	by	ADP
aeasj-360	243	15	conducting	conduct	VERB
aeasj-360	243	16	the	the	DET
aeasj-360	243	17	unit	unit	NOUN
aeasj-360	243	18	root	root	NOUN
aeasj-360	243	19	test	test	NOUN
aeasj-360	243	20	using	use	VERB
aeasj-360	243	21	the	the	DET
aeasj-360	243	22	augmented	augment	VERB
aeasj-360	243	23	dickey	dickey	NOUN
aeasj-360	243	24	-	-	PUNCT
aeasj-360	243	25	fuller	full	ADJ
aeasj-360	243	26	(	(	PUNCT
aeasj-360	243	27	adf	adf	NOUN
aeasj-360	243	28	)	)	PUNCT
aeasj-360	243	29	test	test	NOUN
aeasj-360	243	30	and	and	CCONJ
aeasj-360	243	31	the	the	DET
aeasj-360	243	32	co	co	NOUN
aeasj-360	243	33	-	-	NOUN
aeasj-360	243	34	integration	integration	NOUN
aeasj-360	243	35	test	test	NOUN
aeasj-360	243	36	was	be	AUX
aeasj-360	243	37	done	do	VERB
aeasj-360	243	38	using	use	VERB
aeasj-360	243	39	engle	engle	PROPN
aeasj-360	243	40	grange	grange	PROPN
aeasj-360	243	41	co	co	PROPN
aeasj-360	243	42	-	-	NOUN
aeasj-360	243	43	integration	integration	NOUN
aeasj-360	243	44	procedure	procedure	NOUN
aeasj-360	243	45	.	.	PUNCT
aeasj-360	244	1	in	in	ADP
aeasj-360	244	2	other	other	ADJ
aeasj-360	244	3	to	to	PART
aeasj-360	244	4	estimate	estimate	VERB
aeasj-360	244	5	the	the	DET
aeasj-360	244	6	impact	impact	NOUN
aeasj-360	244	7	of	of	ADP
aeasj-360	244	8	financial	financial	ADJ
aeasj-360	244	9	intermediation	intermediation	NOUN
aeasj-360	244	10	on	on	ADP
aeasj-360	244	11	nigeria	nigeria	PROPN
aeasj-360	244	12	economic	economic	ADJ
aeasj-360	244	13	development	development	NOUN
aeasj-360	244	14	;	;	PUNCT
aeasj-360	244	15	we	we	PRON
aeasj-360	244	16	tested	test	VERB
aeasj-360	244	17	for	for	ADP
aeasj-360	244	18	the	the	DET
aeasj-360	244	19	presence	presence	NOUN
aeasj-360	244	20	of	of	ADP
aeasj-360	244	21	unit	unit	NOUN
aeasj-360	244	22	root	root	NOUN
aeasj-360	244	23	in	in	ADP
aeasj-360	244	24	the	the	DET
aeasj-360	244	25	panel	panel	NOUN
aeasj-360	244	26	data	datum	NOUN
aeasj-360	244	27	set	set	VERB
aeasj-360	244	28	.	.	PUNCT
aeasj-360	245	1	this	this	PRON
aeasj-360	245	2	was	be	AUX
aeasj-360	245	3	necessitated	necessitate	VERB
aeasj-360	245	4	because	because	SCONJ
aeasj-360	245	5	we	we	PRON
aeasj-360	245	6	wanted	want	VERB
aeasj-360	245	7	to	to	PART
aeasj-360	245	8	ensure	ensure	VERB
aeasj-360	245	9	that	that	SCONJ
aeasj-360	245	10	the	the	DET
aeasj-360	245	11	parameters	parameter	NOUN
aeasj-360	245	12	estimated	estimate	VERB
aeasj-360	245	13	are	be	AUX
aeasj-360	245	14	stationary	stationary	ADJ
aeasj-360	245	15	panel	panel	NOUN
aeasj-360	245	16	series	series	PROPN
aeasj-360	245	17	data	data	PROPN
aeasj-360	245	18	.	.	PUNCT
aeasj-360	246	1	we	we	PRON
aeasj-360	246	2	utilized	utilize	VERB
aeasj-360	246	3	the	the	DET
aeasj-360	246	4	augmented	augment	VERB
aeasj-360	246	5	dickey	dickey	NOUN
aeasj-360	246	6	-	-	PUNCT
aeasj-360	246	7	fuller	full	ADJ
aeasj-360	246	8	(	(	PUNCT
aeasj-360	246	9	adf	adf	NOUN
aeasj-360	246	10	)	)	PUNCT
aeasj-360	246	11	to	to	PART
aeasj-360	246	12	reject	reject	VERB
aeasj-360	246	13	the	the	DET
aeasj-360	246	14	null	null	ADJ
aeasj-360	246	15	hypothesis	hypothesis	NOUN
aeasj-360	246	16	because	because	SCONJ
aeasj-360	246	17	the	the	DET
aeasj-360	246	18	data	datum	NOUN
aeasj-360	246	19	were	be	AUX
aeasj-360	246	20	stationary	stationary	ADJ
aeasj-360	246	21	.	.	PUNCT
aeasj-360	247	1	the	the	DET
aeasj-360	247	2	result	result	NOUN
aeasj-360	247	3	of	of	ADP
aeasj-360	247	4	the	the	DET
aeasj-360	247	5	unit	unit	NOUN
aeasj-360	247	6	root	root	NOUN
aeasj-360	247	7	test	test	NOUN
aeasj-360	247	8	is	be	AUX
aeasj-360	247	9	presented	present	VERB
aeasj-360	247	10	in	in	ADP
aeasj-360	247	11	table	table	NOUN
aeasj-360	247	12	ii	ii	PROPN
aeasj-360	247	13	.	.	PUNCT
aeasj-360	248	1	it	it	PRON
aeasj-360	248	2	revealed	reveal	VERB
aeasj-360	248	3	that	that	SCONJ
aeasj-360	248	4	the	the	DET
aeasj-360	248	5	data	datum	NOUN
aeasj-360	248	6	are	be	AUX
aeasj-360	248	7	stationary	stationary	ADJ
aeasj-360	248	8	since	since	SCONJ
aeasj-360	248	9	the	the	DET
aeasj-360	248	10	adf	adf	PROPN
aeasj-360	248	11	statistical	statistical	ADJ
aeasj-360	248	12	computations	computation	NOUN
aeasj-360	248	13	are	be	AUX
aeasj-360	248	14	less	less	ADJ
aeasj-360	248	15	than	than	ADP
aeasj-360	248	16	the	the	DET
aeasj-360	248	17	critical	critical	ADJ
aeasj-360	248	18	values	value	NOUN
aeasj-360	248	19	at	at	ADP
aeasj-360	248	20	1	1	NUM
aeasj-360	248	21	%	%	NOUN
aeasj-360	248	22	,	,	PUNCT
aeasj-360	248	23	5	5	NUM
aeasj-360	248	24	%	%	NOUN
aeasj-360	248	25	and	and	CCONJ
aeasj-360	248	26	10	10	NUM
aeasj-360	248	27	%	%	NOUN
aeasj-360	248	28	respectively	respectively	ADV
aeasj-360	248	29	.	.	PUNCT
aeasj-360	249	1	the	the	DET
aeasj-360	249	2	negative	negative	ADJ
aeasj-360	249	3	relationship	relationship	NOUN
aeasj-360	249	4	between	between	ADP
aeasj-360	249	5	naira	naira	NOUN
aeasj-360	249	6	exchange	exchange	NOUN
aeasj-360	249	7	rate	rate	NOUN
aeasj-360	249	8	against	against	ADP
aeasj-360	249	9	the	the	DET
aeasj-360	249	10	british	british	ADJ
aeasj-360	249	11	pound	pound	NOUN
aeasj-360	249	12	sterling	sterling	NOUN
aeasj-360	249	13	and	and	CCONJ
aeasj-360	249	14	french	french	ADJ
aeasj-360	249	15	franc	franc	NOUN
aeasj-360	249	16	could	could	AUX
aeasj-360	249	17	be	be	AUX
aeasj-360	249	18	traced	trace	VERB
aeasj-360	249	19	to	to	ADP
aeasj-360	249	20	the	the	DET
aeasj-360	249	21	increasing	increase	VERB
aeasj-360	249	22	level	level	NOUN
aeasj-360	249	23	of	of	ADP
aeasj-360	249	24	nigerian	nigerian	ADJ
aeasj-360	249	25	import	import	NOUN
aeasj-360	249	26	from	from	ADP
aeasj-360	249	27	japan	japan	PROPN
aeasj-360	249	28	while	while	SCONJ
aeasj-360	249	29	the	the	DET
aeasj-360	249	30	positive	positive	ADJ
aeasj-360	249	31	effect	effect	NOUN
aeasj-360	249	32	of	of	ADP
aeasj-360	249	33	the	the	DET
aeasj-360	249	34	american	american	ADJ
aeasj-360	249	35	dollar	dollar	NOUN
aeasj-360	249	36	and	and	CCONJ
aeasj-360	249	37	the	the	DET
aeasj-360	249	38	british	british	ADJ
aeasj-360	249	39	pounds	pound	NOUN
aeasj-360	249	40	sterling	sterling	NOUN
aeasj-360	249	41	could	could	AUX
aeasj-360	249	42	be	be	AUX
aeasj-360	249	43	trace	trace	NOUN
aeasj-360	249	44	to	to	ADP
aeasj-360	249	45	the	the	DET
aeasj-360	249	46	fact	fact	NOUN
aeasj-360	249	47	that	that	SCONJ
aeasj-360	249	48	nigeria	nigeria	PROPN
aeasj-360	249	49	is	be	AUX
aeasj-360	249	50	the	the	DET
aeasj-360	249	51	largest	large	ADJ
aeasj-360	249	52	exporter	exporter	NOUN
aeasj-360	249	53	of	of	ADP
aeasj-360	249	54	crude	crude	ADJ
aeasj-360	249	55	oil	oil	NOUN
aeasj-360	249	56	to	to	ADP
aeasj-360	249	57	the	the	DET
aeasj-360	249	58	united	united	PROPN
aeasj-360	249	59	states	states	PROPN
aeasj-360	249	60	and	and	CCONJ
aeasj-360	249	61	united	united	PROPN
aeasj-360	249	62	states	states	PROPN
aeasj-360	249	63	accounts	account	VERB
aeasj-360	249	64	for	for	ADP
aeasj-360	249	65	over	over	ADP
aeasj-360	249	66	80	80	NUM
aeasj-360	249	67	%	%	NOUN
aeasj-360	249	68	of	of	ADP
aeasj-360	249	69	trade	trade	NOUN
aeasj-360	249	70	transaction	transaction	NOUN
aeasj-360	249	71	from	from	ADP
aeasj-360	249	72	nigeria	nigeria	PROPN
aeasj-360	249	73	.	.	PUNCT
aeasj-360	250	1	the	the	DET
aeasj-360	250	2	positive	positive	ADJ
aeasj-360	250	3	relationship	relationship	NOUN
aeasj-360	250	4	confirm	confirm	VERB
aeasj-360	250	5	the	the	DET
aeasj-360	250	6	findings	finding	NOUN
aeasj-360	250	7	of	of	ADP
aeasj-360	250	8	dickson	dickson	PROPN
aeasj-360	250	9	and	and	CCONJ
aeasj-360	250	10	andrew	andrew	PROPN
aeasj-360	250	11	(	(	PUNCT
aeasj-360	250	12	2013	2013	NUM
aeasj-360	250	13	)	)	PUNCT
aeasj-360	250	14	on	on	ADP
aeasj-360	250	15	the	the	DET
aeasj-360	250	16	negative	negative	ADJ
aeasj-360	250	17	effect	effect	NOUN
aeasj-360	250	18	of	of	ADP
aeasj-360	250	19	nigerian	nigerian	ADJ
aeasj-360	250	20	exchange	exchange	NOUN
aeasj-360	250	21	rate	rate	NOUN
aeasj-360	250	22	depreciation	depreciation	NOUN
aeasj-360	250	23	on	on	ADP
aeasj-360	250	24	non	non	ADJ
aeasj-360	250	25	-	-	ADJ
aeasj-360	250	26	oil	oil	ADJ
aeasj-360	250	27	export	export	NOUN
aeasj-360	250	28	,	,	PUNCT
aeasj-360	250	29	it	it	PRON
aeasj-360	250	30	is	be	AUX
aeasj-360	250	31	also	also	ADV
aeasj-360	250	32	in	in	ADP
aeasj-360	250	33	line	line	NOUN
aeasj-360	250	34	with	with	ADP
aeasj-360	250	35	the	the	DET
aeasj-360	250	36	findings	finding	NOUN
aeasj-360	250	37	of	of	ADP
aeasj-360	250	38	bohara	bohara	PROPN
aeasj-360	250	39	(	(	PUNCT
aeasj-360	250	40	2001	2001	NUM
aeasj-360	250	41	)	)	PUNCT
aeasj-360	250	42	.	.	PUNCT
aeasj-360	251	1	it	it	PRON
aeasj-360	251	2	also	also	ADV
aeasj-360	251	3	confirms	confirm	VERB
aeasj-360	251	4	the	the	DET
aeasj-360	251	5	findings	finding	NOUN
aeasj-360	251	6	of	of	ADP
aeasj-360	251	7	cheong	cheong	PROPN
aeasj-360	251	8	et	et	PROPN
aeasj-360	251	9	al	al	PROPN
aeasj-360	251	10	.	.	PROPN
aeasj-360	251	11	,	,	PUNCT
aeasj-360	251	12	(	(	PUNCT
aeasj-360	251	13	2002	2002	NUM
aeasj-360	251	14	)	)	PUNCT
aeasj-360	251	15	but	but	CCONJ
aeasj-360	251	16	contrary	contrary	ADV
aeasj-360	251	17	to	to	ADP
aeasj-360	251	18	the	the	DET
aeasj-360	251	19	findings	finding	NOUN
aeasj-360	251	20	of	of	ADP
aeasj-360	251	21	aristelous	aristelous	ADJ
aeasj-360	251	22	(	(	PUNCT
aeasj-360	251	23	2001	2001	NUM
aeasj-360	251	24	)	)	PUNCT
aeasj-360	251	25	.	.	PUNCT
aeasj-360	252	1	6	6	X
aeasj-360	252	2	.	.	X
aeasj-360	252	3	conclusion	conclusion	NOUN
aeasj-360	252	4	factors	factor	NOUN
aeasj-360	252	5	that	that	PRON
aeasj-360	252	6	can	can	AUX
aeasj-360	252	7	enhance	enhance	VERB
aeasj-360	252	8	naira	naira	NOUN
aeasj-360	252	9	exchange	exchange	NOUN
aeasj-360	252	10	rate	rate	NOUN
aeasj-360	252	11	against	against	ADP
aeasj-360	252	12	key	key	ADJ
aeasj-360	252	13	currencies	currency	NOUN
aeasj-360	252	14	has	have	AUX
aeasj-360	252	15	been	be	AUX
aeasj-360	252	16	one	one	NUM
aeasj-360	252	17	of	of	ADP
aeasj-360	252	18	the	the	DET
aeasj-360	252	19	major	major	ADJ
aeasj-360	252	20	challenges	challenge	NOUN
aeasj-360	252	21	facing	face	VERB
aeasj-360	252	22	the	the	DET
aeasj-360	252	23	nigerian	nigerian	ADJ
aeasj-360	252	24	monetary	monetary	ADJ
aeasj-360	252	25	authorities	authority	NOUN
aeasj-360	252	26	and	and	CCONJ
aeasj-360	252	27	macroeconomic	macroeconomic	ADJ
aeasj-360	252	28	policies	policy	NOUN
aeasj-360	252	29	in	in	ADP
aeasj-360	252	30	the	the	DET
aeasj-360	252	31	last	last	ADJ
aeasj-360	252	32	four	four	NUM
aeasj-360	252	33	decades	decade	NOUN
aeasj-360	252	34	,	,	PUNCT
aeasj-360	252	35	this	this	PRON
aeasj-360	252	36	has	have	AUX
aeasj-360	252	37	led	lead	VERB
aeasj-360	252	38	to	to	ADP
aeasj-360	252	39	the	the	DET
aeasj-360	252	40	formulation	formulation	NOUN
aeasj-360	252	41	of	of	ADP
aeasj-360	252	42	various	various	ADJ
aeasj-360	252	43	exchange	exchange	NOUN
aeasj-360	252	44	rate	rate	NOUN
aeasj-360	252	45	policies	policy	NOUN
aeasj-360	252	46	as	as	ADV
aeasj-360	252	47	well	well	ADV
aeasj-360	252	48	as	as	ADP
aeasj-360	252	49	macroeconomic	macroeconomic	ADJ
aeasj-360	252	50	policies	policy	NOUN
aeasj-360	252	51	.	.	PUNCT
aeasj-360	253	1	in	in	ADP
aeasj-360	253	2	less	less	ADJ
aeasj-360	253	3	than	than	ADP
aeasj-360	253	4	20	20	NUM
aeasj-360	253	5	years	year	NOUN
aeasj-360	253	6	nigeria	nigeria	PROPN
aeasj-360	253	7	has	have	VERB
aeasj-360	253	8	over	over	ADP
aeasj-360	253	9	ten	ten	NUM
aeasj-360	253	10	exchange	exchange	NOUN
aeasj-360	253	11	rate	rate	NOUN
aeasj-360	253	12	policies	policy	NOUN
aeasj-360	253	13	,	,	PUNCT
aeasj-360	253	14	some	some	PRON
aeasj-360	253	15	are	be	AUX
aeasj-360	253	16	reintroduced	reintroduce	VERB
aeasj-360	253	17	after	after	ADP
aeasj-360	253	18	being	be	AUX
aeasj-360	253	19	abolished	abolish	VERB
aeasj-360	253	20	,	,	PUNCT
aeasj-360	253	21	for	for	ADP
aeasj-360	253	22	instance	instance	NOUN
aeasj-360	253	23	the	the	DET
aeasj-360	253	24	prevailing	prevail	VERB
aeasj-360	253	25	dutch	dutch	ADJ
aeasj-360	253	26	auction	auction	NOUN
aeasj-360	253	27	system	system	NOUN
aeasj-360	253	28	in	in	ADP
aeasj-360	253	29	the	the	DET
aeasj-360	253	30	nigerian	nigerian	ADJ
aeasj-360	253	31	foreign	foreign	ADJ
aeasj-360	253	32	exchange	exchange	NOUN
aeasj-360	253	33	rate	rate	NOUN
aeasj-360	253	34	market	market	NOUN
aeasj-360	253	35	was	be	AUX
aeasj-360	253	36	first	first	ADV
aeasj-360	253	37	introduced	introduce	VERB
aeasj-360	253	38	in	in	ADP
aeasj-360	253	39	1988	1988	NUM
aeasj-360	253	40	after	after	ADP
aeasj-360	253	41	the	the	DET
aeasj-360	253	42	deregulation	deregulation	NOUN
aeasj-360	253	43	of	of	ADP
aeasj-360	253	44	the	the	DET
aeasj-360	253	45	economy	economy	NOUN
aeasj-360	253	46	,	,	PUNCT
aeasj-360	253	47	abolished	abolish	VERB
aeasj-360	253	48	in	in	ADP
aeasj-360	253	49	the	the	DET
aeasj-360	253	50	1990s	1990	NOUN
aeasj-360	253	51	and	and	CCONJ
aeasj-360	253	52	reintroduced	reintroduce	VERB
aeasj-360	253	53	in	in	ADP
aeasj-360	253	54	2007	2007	NUM
aeasj-360	253	55	.	.	PUNCT
aeasj-360	254	1	the	the	DET
aeasj-360	254	2	effects	effect	NOUN
aeasj-360	254	3	on	on	ADP
aeasj-360	254	4	nigerian	nigerian	ADJ
aeasj-360	254	5	trade	trade	NOUN
aeasj-360	254	6	relationships	relationship	NOUN
aeasj-360	254	7	can	can	AUX
aeasj-360	254	8	not	not	PART
aeasj-360	254	9	be	be	AUX
aeasj-360	254	10	underestimated	underestimate	VERB
aeasj-360	254	11	.	.	PUNCT
aeasj-360	255	1	the	the	DET
aeasj-360	255	2	findings	finding	NOUN
aeasj-360	255	3	of	of	ADP
aeasj-360	255	4	this	this	DET
aeasj-360	255	5	study	study	NOUN
aeasj-360	255	6	proved	prove	VERB
aeasj-360	255	7	that	that	SCONJ
aeasj-360	255	8	exchange	exchange	NOUN
aeasj-360	255	9	rate	rate	NOUN
aeasj-360	255	10	variation	variation	NOUN
aeasj-360	255	11	against	against	ADP
aeasj-360	255	12	the	the	DET
aeasj-360	255	13	united	united	PROPN
aeasj-360	255	14	states	states	PROPN
aeasj-360	255	15	dollar	dollar	NOUN
aeasj-360	255	16	,	,	PUNCT
aeasj-360	255	17	japanese	japanese	ADJ
aeasj-360	255	18	and	and	CCONJ
aeasj-360	255	19	chinese	chinese	ADJ
aeasj-360	255	20	yen	yen	NOUN
aeasj-360	255	21	have	have	VERB
aeasj-360	255	22	positive	positive	ADJ
aeasj-360	255	23	and	and	CCONJ
aeasj-360	255	24	significant	significant	ADJ
aeasj-360	255	25	relationship	relationship	NOUN
aeasj-360	255	26	with	with	ADP
aeasj-360	255	27	nigerian	nigerian	ADJ
aeasj-360	255	28	economic	economic	ADJ
aeasj-360	255	29	proxy	proxy	NOUN
aeasj-360	255	30	by	by	ADP
aeasj-360	255	31	real	real	ADJ
aeasj-360	255	32	gross	gross	ADJ
aeasj-360	255	33	domestic	domestic	ADJ
aeasj-360	255	34	products	product	NOUN
aeasj-360	255	35	;	;	PUNCT
aeasj-360	255	36	while	while	SCONJ
aeasj-360	255	37	naira	naira	NUM
aeasj-360	255	38	exchange	exchange	NOUN
aeasj-360	255	39	rate	rate	NOUN
aeasj-360	255	40	variation	variation	NOUN
aeasj-360	255	41	against	against	ADP
aeasj-360	255	42	british	british	ADJ
aeasj-360	255	43	pounds	pound	NOUN
aeasj-360	255	44	sterling	sterling	NOUN
aeasj-360	255	45	and	and	CCONJ
aeasj-360	255	46	french	french	ADJ
aeasj-360	255	47	franc	franc	NOUN
aeasj-360	255	48	have	have	VERB
aeasj-360	255	49	negative	negative	ADJ
aeasj-360	255	50	relationship	relationship	NOUN
aeasj-360	255	51	with	with	ADP
aeasj-360	255	52	nigerian	nigerian	ADJ
aeasj-360	255	53	economic	economic	NOUN
aeasj-360	255	54	.	.	PUNCT
aeasj-360	256	1	the	the	DET
aeasj-360	256	2	r	r	PROPN
aeasj-360	256	3	square	square	NOUN
aeasj-360	256	4	proved	prove	VERB
aeasj-360	256	5	that	that	SCONJ
aeasj-360	256	6	65	65	NUM
aeasj-360	256	7	percent	percent	NOUN
aeasj-360	256	8	variation	variation	NOUN
aeasj-360	256	9	in	in	ADP
aeasj-360	256	10	nigerian	nigerian	ADJ
aeasj-360	256	11	real	real	ADJ
aeasj-360	256	12	gross	gross	ADJ
aeasj-360	256	13	domestic	domestic	ADJ
aeasj-360	256	14	products	product	NOUN
aeasj-360	256	15	can	can	AUX
aeasj-360	256	16	be	be	AUX
aeasj-360	256	17	traced	trace	VERB
aeasj-360	256	18	to	to	ADP
aeasj-360	256	19	variation	variation	NOUN
aeasj-360	256	20	in	in	ADP
aeasj-360	256	21	the	the	DET
aeasj-360	256	22	naira	naira	PROPN
aeasj-360	256	23	exchange	exchange	NOUN
aeasj-360	256	24	rate	rate	NOUN
aeasj-360	256	25	variation	variation	NOUN
aeasj-360	256	26	of	of	ADP
aeasj-360	256	27	the	the	DET
aeasj-360	256	28	currencies	currency	NOUN
aeasj-360	256	29	examined	examine	VERB
aeasj-360	256	30	in	in	ADP
aeasj-360	256	31	the	the	DET
aeasj-360	256	32	study	study	NOUN
aeasj-360	256	33	.	.	PUNCT
aeasj-360	257	1	the	the	DET
aeasj-360	257	2	f	f	PROPN
aeasj-360	257	3	-	-	PUNCT
aeasj-360	257	4	statistics	statistic	NOUN
aeasj-360	257	5	indicates	indicate	VERB
aeasj-360	257	6	that	that	SCONJ
aeasj-360	257	7	the	the	DET
aeasj-360	257	8	model	model	NOUN
aeasj-360	257	9	formulated	formulate	VERB
aeasj-360	257	10	is	be	AUX
aeasj-360	257	11	significant	significant	ADJ
aeasj-360	257	12	in	in	ADP
aeasj-360	257	13	examining	examine	VERB
aeasj-360	257	14	the	the	DET
aeasj-360	257	15	relationship	relationship	NOUN
aeasj-360	257	16	between	between	ADP
aeasj-360	257	17	the	the	DET
aeasj-360	257	18	dependent	dependent	ADJ
aeasj-360	257	19	and	and	CCONJ
aeasj-360	257	20	the	the	DET
aeasj-360	257	21	independent	independent	ADJ
aeasj-360	257	22	variable	variable	NOUN
aeasj-360	257	23	.	.	PUNCT
aeasj-360	258	1	from	from	ADP
aeasj-360	258	2	the	the	DET
aeasj-360	258	3	above	above	NOUN
aeasj-360	258	4	,	,	PUNCT
aeasj-360	258	5	the	the	DET
aeasj-360	258	6	study	study	NOUN
aeasj-360	258	7	concludes	conclude	VERB
aeasj-360	258	8	that	that	SCONJ
aeasj-360	258	9	there	there	PRON
aeasj-360	258	10	is	be	VERB
aeasj-360	258	11	significant	significant	ADJ
aeasj-360	258	12	relationship	relationship	NOUN
aeasj-360	258	13	between	between	ADP
aeasj-360	258	14	flexible	flexible	ADJ
aeasj-360	258	15	exchange	exchange	NOUN
aeasj-360	258	16	rate	rate	NOUN
aeasj-360	258	17	variation	variation	NOUN
aeasj-360	258	18	and	and	CCONJ
aeasj-360	258	19	nigerian	nigerian	ADJ
aeasj-360	258	20	real	real	ADJ
aeasj-360	258	21	gross	gross	ADJ
aeasj-360	258	22	domestic	domestic	ADJ
aeasj-360	258	23	products	product	NOUN
aeasj-360	258	24	.	.	PUNCT
aeasj-360	259	1	7	7	X
aeasj-360	259	2	.	.	X
aeasj-360	259	3	recommendation	recommendation	NOUN
aeasj-360	259	4			X
aeasj-360	259	5	monetary	monetary	ADJ
aeasj-360	259	6	and	and	CCONJ
aeasj-360	259	7	macroeconomic	macroeconomic	ADJ
aeasj-360	259	8	policies	policy	NOUN
aeasj-360	259	9	should	should	AUX
aeasj-360	259	10	be	be	AUX
aeasj-360	259	11	properly	properly	ADV
aeasj-360	259	12	articulated	articulate	VERB
aeasj-360	259	13	with	with	ADP
aeasj-360	259	14	an	an	DET
aeasj-360	259	15	impregnable	impregnable	ADJ
aeasj-360	259	16	feedback	feedback	NOUN
aeasj-360	259	17	loop	loop	NOUN
aeasj-360	259	18	,	,	PUNCT
aeasj-360	259	19	implemented	implement	VERB
aeasj-360	259	20	to	to	ADP
aeasj-360	259	21	the	the	DET
aeasj-360	259	22	letter	letter	NOUN
aeasj-360	259	23	,	,	PUNCT
aeasj-360	259	24	and	and	CCONJ
aeasj-360	259	25	a	a	DET
aeasj-360	259	26	quarterly	quarterly	ADJ
aeasj-360	259	27	examination	examination	NOUN
aeasj-360	259	28	of	of	ADP
aeasj-360	259	29	the	the	DET
aeasj-360	259	30	impact	impact	NOUN
aeasj-360	259	31	on	on	ADP
aeasj-360	259	32	the	the	DET
aeasj-360	259	33	naira	naira	NOUN
aeasj-360	259	34	should	should	AUX
aeasj-360	259	35	be	be	AUX
aeasj-360	259	36	regularly	regularly	ADV
aeasj-360	259	37	engaged	engage	VERB
aeasj-360	259	38	,	,	PUNCT
aeasj-360	259	39	evaluated	evaluate	VERB
aeasj-360	259	40	,	,	PUNCT
aeasj-360	259	41	interpreted	interpret	VERB
aeasj-360	259	42	and	and	CCONJ
aeasj-360	259	43	ensure	ensure	VERB
aeasj-360	259	44	that	that	SCONJ
aeasj-360	259	45	the	the	DET
aeasj-360	259	46	results	result	NOUN
aeasj-360	259	47	and	and	CCONJ
aeasj-360	259	48	possible	possible	ADJ
aeasj-360	259	49	remedial	remedial	ADJ
aeasj-360	259	50	action(s	action(s	NOUN
aeasj-360	259	51	)	)	PUNCT
aeasj-360	259	52	get	get	VERB
aeasj-360	259	53	to	to	ADP
aeasj-360	259	54	the	the	DET
aeasj-360	259	55	appropriate	appropriate	ADJ
aeasj-360	259	56	authority	authority	NOUN
aeasj-360	259	57	timeously	timeously	ADV
aeasj-360	259	58	so	so	SCONJ
aeasj-360	259	59	as	as	SCONJ
aeasj-360	259	60	to	to	PART
aeasj-360	259	61	ensure	ensure	VERB
aeasj-360	259	62	well	well	ADV
aeasj-360	259	63	informed	inform	VERB
aeasj-360	259	64	decision(s	decision(s	NOUN
aeasj-360	259	65	)	)	PUNCT
aeasj-360	259	66	.	.	PUNCT
aeasj-360	260	1			PUNCT
aeasj-360	261	1	the	the	DET
aeasj-360	261	2	monetary	monetary	ADJ
aeasj-360	261	3	authority	authority	NOUN
aeasj-360	261	4	should	should	AUX
aeasj-360	261	5	devise	devise	VERB
aeasj-360	261	6	measures	measure	NOUN
aeasj-360	261	7	of	of	ADP
aeasj-360	261	8	managing	manage	VERB
aeasj-360	261	9	the	the	DET
aeasj-360	261	10	depreciating	depreciate	VERB
aeasj-360	261	11	naira	naira	PROPN
aeasj-360	261	12	exchange	exchange	NOUN
aeasj-360	261	13	rate	rate	NOUN
aeasj-360	261	14	against	against	ADP
aeasj-360	261	15	the	the	DET
aeasj-360	261	16	british	british	ADJ
aeasj-360	261	17	pounds	pound	NOUN
aeasj-360	261	18	sterling	sterling	NOUN
aeasj-360	261	19	and	and	CCONJ
aeasj-360	261	20	the	the	DET
aeasj-360	261	21	united	united	PROPN
aeasj-360	261	22	states	states	PROPN
aeasj-360	261	23	dollar	dollar	NOUN
aeasj-360	261	24	to	to	PART
aeasj-360	261	25	enhance	enhance	VERB
aeasj-360	261	26	a	a	DET
aeasj-360	261	27	steady	steady	ADJ
aeasj-360	261	28	growth	growth	NOUN
aeasj-360	261	29	of	of	ADP
aeasj-360	261	30	the	the	DET
aeasj-360	261	31	nigerian	nigerian	ADJ
aeasj-360	261	32	economy	economy	NOUN
aeasj-360	261	33	.	.	PUNCT
aeasj-360	262	1			X
aeasj-360	263	1	as	as	ADP
aeasj-360	263	2	a	a	DET
aeasj-360	263	3	sovereign	sovereign	ADJ
aeasj-360	263	4	nation	nation	NOUN
aeasj-360	263	5	,	,	PUNCT
aeasj-360	263	6	the	the	DET
aeasj-360	263	7	need	need	NOUN
aeasj-360	263	8	to	to	PART
aeasj-360	263	9	review	review	VERB
aeasj-360	263	10	her	her	PRON
aeasj-360	263	11	terms	term	NOUN
aeasj-360	263	12	of	of	ADP
aeasj-360	263	13	trade	trade	NOUN
aeasj-360	263	14	with	with	ADP
aeasj-360	263	15	foreign	foreign	ADJ
aeasj-360	263	16	partners	partner	NOUN
aeasj-360	263	17	–	–	PUNCT
aeasj-360	263	18	nations	nation	NOUN
aeasj-360	263	19	and	and	CCONJ
aeasj-360	263	20	or	or	CCONJ
aeasj-360	263	21	individuals	individual	NOUN
aeasj-360	263	22	–	–	PUNCT
aeasj-360	263	23	has	have	AUX
aeasj-360	263	24	become	become	VERB
aeasj-360	263	25	(	(	PUNCT
aeasj-360	263	26	not	not	PART
aeasj-360	263	27	minding	mind	VERB
aeasj-360	263	28	our	our	PRON
aeasj-360	263	29	historical	historical	ADJ
aeasj-360	263	30	ties	tie	NOUN
aeasj-360	263	31	)	)	PUNCT
aeasj-360	263	32	imperative	imperative	NOUN
aeasj-360	263	33	;	;	PUNCT
aeasj-360	263	34	especially	especially	ADV
aeasj-360	263	35	when	when	SCONJ
aeasj-360	263	36	it	it	PRON
aeasj-360	263	37	is	be	AUX
aeasj-360	263	38	counterproductive	counterproductive	ADJ
aeasj-360	263	39	to	to	ADP
aeasj-360	263	40	our	our	PRON
aeasj-360	263	41	collective	collective	ADJ
aeasj-360	263	42	wellbeing	wellbeing	NOUN
aeasj-360	263	43	;	;	PUNCT
aeasj-360	263	44	which	which	PRON
aeasj-360	263	45	must	must	AUX
aeasj-360	263	46	not	not	PART
aeasj-360	263	47	be	be	AUX
aeasj-360	263	48	circumvented	circumvent	VERB
aeasj-360	263	49	nor	nor	CCONJ
aeasj-360	263	50	trampled	trample	VERB
aeasj-360	263	51	upon	upon	SCONJ
aeasj-360	263	52	.	.	PUNCT
aeasj-360	263	53			PROPN
aeasj-360	264	1	the	the	DET
aeasj-360	264	2	need	need	NOUN
aeasj-360	264	3	for	for	ADP
aeasj-360	264	4	the	the	DET
aeasj-360	264	5	government	government	NOUN
aeasj-360	264	6	and	and	CCONJ
aeasj-360	264	7	its	its	PRON
aeasj-360	264	8	regulatory	regulatory	ADJ
aeasj-360	264	9	agencies	agency	NOUN
aeasj-360	264	10	and	and	CCONJ
aeasj-360	264	11	system	system	NOUN
aeasj-360	264	12	operators	operator	NOUN
aeasj-360	264	13	in	in	ADP
aeasj-360	264	14	the	the	DET
aeasj-360	264	15	non	non	ADJ
aeasj-360	264	16	-	-	ADJ
aeasj-360	264	17	oil	oil	ADJ
aeasj-360	264	18	sector	sector	NOUN
aeasj-360	264	19	to	to	PART
aeasj-360	264	20	work	work	VERB
aeasj-360	264	21	in	in	ADP
aeasj-360	264	22	synergy	synergy	NOUN
aeasj-360	264	23	so	so	SCONJ
aeasj-360	264	24	as	as	SCONJ
aeasj-360	264	25	to	to	PART
aeasj-360	264	26	enable	enable	VERB
aeasj-360	264	27	growth	growth	NOUN
aeasj-360	264	28	in	in	ADP
aeasj-360	264	29	that	that	DET
aeasj-360	264	30	sector	sector	NOUN
aeasj-360	264	31	and	and	CCONJ
aeasj-360	264	32	contribute	contribute	VERB
aeasj-360	264	33	to	to	ADP
aeasj-360	264	34	the	the	DET
aeasj-360	264	35	much	much	ADV
aeasj-360	264	36	needed	need	VERB
aeasj-360	264	37	increase	increase	NOUN
aeasj-360	264	38	in	in	ADP
aeasj-360	264	39	the	the	DET
aeasj-360	264	40	nation	nation	NOUN
aeasj-360	264	41	’s	’s	PART
aeasj-360	264	42	gross	gross	ADJ
aeasj-360	264	43	domestic	domestic	ADJ
aeasj-360	264	44	product	product	NOUN
aeasj-360	264	45	;	;	PUNCT
aeasj-360	264	46	can	can	AUX
aeasj-360	264	47	not	not	PART
aeasj-360	264	48	be	be	AUX
aeasj-360	264	49	overemphasized	overemphasize	VERB
aeasj-360	264	50	.	.	PUNCT
aeasj-360	265	1	we	we	PRON
aeasj-360	265	2	therefore	therefore	ADV
aeasj-360	265	3	recommend	recommend	VERB
aeasj-360	265	4	that	that	SCONJ
aeasj-360	265	5	a	a	DET
aeasj-360	265	6	deliberate	deliberate	ADJ
aeasj-360	265	7	step	step	NOUN
aeasj-360	265	8	by	by	ADP
aeasj-360	265	9	the	the	DET
aeasj-360	265	10	government	government	NOUN
aeasj-360	265	11	of	of	ADP
aeasj-360	265	12	day	day	NOUN
aeasj-360	265	13	in	in	ADP
aeasj-360	265	14	conjunction	conjunction	NOUN
aeasj-360	265	15	with	with	ADP
aeasj-360	265	16	industry	industry	NOUN
aeasj-360	265	17	operators	operator	NOUN
aeasj-360	265	18	and	and	CCONJ
aeasj-360	265	19	related	relate	VERB
aeasj-360	265	20	non	non	ADJ
aeasj-360	265	21	-	-	ADJ
aeasj-360	265	22	governmental	governmental	ADJ
aeasj-360	265	23	institutions	institution	NOUN
aeasj-360	265	24	;	;	PUNCT
aeasj-360	265	25	with	with	ADP
aeasj-360	265	26	the	the	DET
aeasj-360	265	27	sole	sole	ADJ
aeasj-360	265	28	objective	objective	NOUN
aeasj-360	265	29	of	of	ADP
aeasj-360	265	30	developing	develop	VERB
aeasj-360	265	31	this	this	DET
aeasj-360	265	32	sector	sector	NOUN
aeasj-360	265	33	and	and	CCONJ
aeasj-360	265	34	ensure	ensure	VERB
aeasj-360	265	35	its	its	PRON
aeasj-360	265	36	optimal	optimal	ADJ
aeasj-360	265	37	yield	yield	NOUN
aeasj-360	265	38	;	;	PUNCT
aeasj-360	265	39	should	should	AUX
aeasj-360	265	40	be	be	AUX
aeasj-360	265	41	engaged	engage	VERB
aeasj-360	265	42	.	.	PUNCT
aeasj-360	266	1			PUNCT
aeasj-360	267	1	the	the	DET
aeasj-360	267	2	nigerian	nigerian	ADJ
aeasj-360	267	3	monetary	monetary	ADJ
aeasj-360	267	4	authorities	authority	NOUN
aeasj-360	267	5	should	should	AUX
aeasj-360	267	6	develop	develop	VERB
aeasj-360	267	7	programmes	programme	NOUN
aeasj-360	267	8	aimed	aim	VERB
aeasj-360	267	9	at	at	ADP
aeasj-360	267	10	identifying	identify	VERB
aeasj-360	267	11	and	and	CCONJ
aeasj-360	267	12	countering	counter	VERB
aeasj-360	267	13	any	any	DET
aeasj-360	267	14	shift	shift	NOUN
aeasj-360	267	15	in	in	ADP
aeasj-360	267	16	the	the	DET
aeasj-360	267	17	naira	naira	PROPN
aeasj-360	267	18	exchange	exchange	NOUN
aeasj-360	267	19	rate	rate	NOUN
aeasj-360	267	20	in	in	ADP
aeasj-360	267	21	the	the	DET
aeasj-360	267	22	international	international	ADJ
aeasj-360	267	23	money	money	NOUN
aeasj-360	267	24	market	market	NOUN
aeasj-360	267	25	.	.	PUNCT
aeasj-360	268	1	this	this	PRON
aeasj-360	268	2	will	will	AUX
aeasj-360	268	3	help	help	VERB
aeasj-360	268	4	them	they	PRON
aeasj-360	268	5	to	to	PART
aeasj-360	268	6	be	be	AUX
aeasj-360	268	7	pro	pro	ADJ
aeasj-360	268	8	-	-	ADJ
aeasj-360	268	9	active	active	ADJ
aeasj-360	268	10	and	and	CCONJ
aeasj-360	268	11	give	give	VERB
aeasj-360	268	12	the	the	DET
aeasj-360	268	13	much	much	ADV
aeasj-360	268	14	needed	need	VERB
aeasj-360	268	15	boost	boost	NOUN
aeasj-360	268	16	to	to	ADP
aeasj-360	268	17	our	our	PRON
aeasj-360	268	18	ailing	ail	VERB
aeasj-360	268	19	economy	economy	NOUN
aeasj-360	268	20	and	and	CCONJ
aeasj-360	268	21	stabilize	stabilize	VERB
aeasj-360	268	22	the	the	DET
aeasj-360	268	23	naira	naira	PROPN
aeasj-360	268	24	exchange	exchange	NOUN
aeasj-360	268	25	rate	rate	NOUN
aeasj-360	268	26	at	at	ADP
aeasj-360	268	27	the	the	DET
aeasj-360	268	28	foreign	foreign	ADJ
aeasj-360	268	29	exchange	exchange	NOUN
aeasj-360	268	30	market	market	NOUN
aeasj-360	268	31	.	.	PUNCT
aeasj-360	269	1	copyright	copyright	NOUN
aeasj-360	269	2	©	©	PROPN
aeasj-360	269	3	cc	cc	PROPN
aeasj-360	269	4	-	-	PUNCT
aeasj-360	269	5	by	by	ADP
aeasj-360	269	6	-	-	PUNCT
aeasj-360	269	7	nc	nc	PROPN
aeasj-360	269	8	2019	2019	NUM
aeasj-360	269	9	,	,	PUNCT
aeasj-360	269	10	cribfb	cribfb	VERB
aeasj-360	269	11	|	|	ADV
aeasj-360	269	12	aesr	aesr	ADV
aeasj-360	269	13	www.cribfb.com/journal/index.php/aesr	www.cribfb.com/journal/index.php/aesr	VERB
aeasj-360	269	14	american	american	PROPN
aeasj-360	269	15	economic	economic	PROPN
aeasj-360	269	16	&	&	CCONJ
aeasj-360	269	17	social	social	PROPN
aeasj-360	269	18	review	review	PROPN
aeasj-360	269	19	vol	vol	NOUN
aeasj-360	269	20	.	.	PROPN
aeasj-360	270	1	5	5	NUM
aeasj-360	270	2	,	,	PUNCT
aeasj-360	270	3	no	no	INTJ
aeasj-360	270	4	.	.	NOUN
aeasj-360	270	5	2	2	NUM
aeasj-360	270	6	;	;	PUNCT
aeasj-360	270	7	2019	2019	NUM
aeasj-360	270	8	30	30	NUM
aeasj-360	270	9	references	reference	NOUN
aeasj-360	270	10	abdallah	abdallah	PROPN
aeasj-360	270	11	,	,	PUNCT
aeasj-360	270	12	a.	a.	NOUN
aeasj-360	270	13	(	(	PUNCT
aeasj-360	270	14	2016	2016	NUM
aeasj-360	270	15	)	)	PUNCT
aeasj-360	270	16	.	.	PUNCT
aeasj-360	271	1	exchange	exchange	NOUN
aeasj-360	271	2	rate	rate	NOUN
aeasj-360	271	3	variability	variability	NOUN
aeasj-360	271	4	and	and	CCONJ
aeasj-360	271	5	manufacturing	manufacturing	NOUN
aeasj-360	271	6	sector	sector	NOUN
aeasj-360	271	7	performance	performance	NOUN
aeasj-360	271	8	in	in	ADP
aeasj-360	271	9	ghana	ghana	PROPN
aeasj-360	271	10	:	:	PUNCT
aeasj-360	271	11	evidence	evidence	NOUN
aeasj-360	271	12	from	from	ADP
aeasj-360	271	13	co	co	NOUN
aeasj-360	271	14	-	-	NOUN
aeasj-360	271	15	integration	integration	NOUN
aeasj-360	271	16	analysis	analysis	NOUN
aeasj-360	271	17	.	.	PUNCT
aeasj-360	272	1	international	international	ADJ
aeasj-360	272	2	economics	economic	NOUN
aeasj-360	272	3	and	and	CCONJ
aeasj-360	272	4	business	business	NOUN
aeasj-360	272	5	,	,	PUNCT
aeasj-360	272	6	2(1	2(1	NUM
aeasj-360	272	7	)	)	PUNCT
aeasj-360	272	8	,	,	PUNCT
aeasj-360	272	9	493	493	NUM
aeasj-360	272	10	-	-	SYM
aeasj-360	272	11	513	513	NUM
aeasj-360	272	12	.	.	PUNCT
aeasj-360	273	1	adelowokan	adelowokan	PROPN
aeasj-360	273	2	,	,	PUNCT
aeasj-360	273	3	o.a	o.a	PROPN
aeasj-360	273	4	.	.	PROPN
aeasj-360	273	5	,	,	PUNCT
aeasj-360	273	6	adesoye	adesoye	PROPN
aeasj-360	273	7	,	,	PUNCT
aeasj-360	273	8	a.	a.	PROPN
aeasj-360	273	9	b.	b.	PROPN
aeasj-360	273	10	&	&	CCONJ
aeasj-360	273	11	balogun	balogun	PROPN
aeasj-360	273	12	,	,	PUNCT
aeasj-360	273	13	o.d	o.d	PROPN
aeasj-360	273	14	.	.	PROPN
aeasj-360	273	15	(	(	PUNCT
aeasj-360	273	16	2015	2015	NUM
aeasj-360	273	17	)	)	PUNCT
aeasj-360	273	18	.	.	PUNCT
aeasj-360	274	1	exchange	exchange	NOUN
aeasj-360	274	2	rate	rate	NOUN
aeasj-360	274	3	fluctuation	fluctuation	NOUN
aeasj-360	274	4	on	on	ADP
aeasj-360	274	5	investment	investment	NOUN
aeasj-360	274	6	and	and	CCONJ
aeasj-360	274	7	growth	growth	NOUN
aeasj-360	274	8	in	in	ADP
aeasj-360	274	9	nigeria	nigeria	PROPN
aeasj-360	274	10	,	,	PUNCT
aeasj-360	274	11	an	an	DET
aeasj-360	274	12	empirical	empirical	ADJ
aeasj-360	274	13	analysis	analysis	NOUN
aeasj-360	274	14	.	.	PUNCT
aeasj-360	275	1	global	global	ADJ
aeasj-360	275	2	journal	journal	PROPN
aeasj-360	275	3	of	of	ADP
aeasj-360	275	4	management	management	NOUN
aeasj-360	275	5	and	and	CCONJ
aeasj-360	275	6	business	business	NOUN
aeasj-360	275	7	research	research	NOUN
aeasj-360	275	8	:	:	PUNCT
aeasj-360	275	9	b	b	X
aeasj-360	275	10	economics	economic	NOUN
aeasj-360	275	11	and	and	CCONJ
aeasj-360	275	12	commerce	commerce	PROPN
aeasj-360	275	13	,	,	PUNCT
aeasj-360	275	14	15	15	NUM
aeasj-360	275	15	(	(	PUNCT
aeasj-360	275	16	10	10	NUM
aeasj-360	275	17	)	)	PUNCT
aeasj-360	275	18	,	,	PUNCT
aeasj-360	275	19	567582	567582	NUM
aeasj-360	275	20	.	.	PUNCT
aeasj-360	276	1	adeniran	adeniran	PROPN
aeasj-360	276	2	,	,	PUNCT
aeasj-360	276	3	j.o	j.o	PROPN
aeasj-360	276	4	.	.	PROPN
aeasj-360	276	5	,	,	PUNCT
aeasj-360	276	6	yusuf	yusuf	PROPN
aeasj-360	276	7	,	,	PUNCT
aeasj-360	276	8	s.a	s.a	PROPN
aeasj-360	276	9	.	.	PROPN
aeasj-360	276	10	,	,	PUNCT
aeasj-360	276	11	&	&	CCONJ
aeasj-360	276	12	adeyemi	adeyemi	ADV
aeasj-360	276	13	,	,	PUNCT
aeasj-360	276	14	o.	o.	NOUN
aeasj-360	276	15	a.	a.	NOUN
aeasj-360	276	16	(	(	PUNCT
aeasj-360	276	17	2014	2014	NUM
aeasj-360	276	18	)	)	PUNCT
aeasj-360	276	19	.	.	PUNCT
aeasj-360	277	1	the	the	DET
aeasj-360	277	2	impact	impact	NOUN
aeasj-360	277	3	of	of	ADP
aeasj-360	277	4	exchange	exchange	NOUN
aeasj-360	277	5	rate	rate	NOUN
aeasj-360	277	6	fluctuation	fluctuation	NOUN
aeasj-360	277	7	on	on	ADP
aeasj-360	277	8	the	the	DET
aeasj-360	277	9	nigerian	nigerian	ADJ
aeasj-360	277	10	economic	economic	ADJ
aeasj-360	277	11	growth	growth	NOUN
aeasj-360	277	12	:	:	PUNCT
aeasj-360	277	13	an	an	DET
aeasj-360	277	14	empirical	empirical	ADJ
aeasj-360	277	15	investigation	investigation	NOUN
aeasj-360	277	16	.	.	PUNCT
aeasj-360	278	1	international	international	ADJ
aeasj-360	278	2	journal	journal	PROPN
aeasj-360	278	3	of	of	ADP
aeasj-360	278	4	academic	academic	ADJ
aeasj-360	278	5	research	research	NOUN
aeasj-360	278	6	in	in	ADP
aeasj-360	278	7	business	business	NOUN
aeasj-360	278	8	and	and	CCONJ
aeasj-360	278	9	social	social	ADJ
aeasj-360	278	10	sciences	science	NOUN
aeasj-360	278	11	,	,	PUNCT
aeasj-360	278	12	4(8	4(8	NUM
aeasj-360	278	13	)	)	PUNCT
aeasj-360	278	14	,	,	PUNCT
aeasj-360	278	15	224	224	NUM
aeasj-360	278	16	-	-	SYM
aeasj-360	278	17	234	234	NUM
aeasj-360	278	18	akpansung	akpansung	ADJ
aeasj-360	278	19	,	,	PUNCT
aeasj-360	278	20	a.o	a.o	PROPN
aeasj-360	278	21	.	.	PROPN
aeasj-360	278	22	(	(	PUNCT
aeasj-360	278	23	2013	2013	NUM
aeasj-360	278	24	)	)	PUNCT
aeasj-360	278	25	.	.	PUNCT
aeasj-360	279	1	a	a	DET
aeasj-360	279	2	review	review	NOUN
aeasj-360	279	3	of	of	ADP
aeasj-360	279	4	empirical	empirical	ADJ
aeasj-360	279	5	literature	literature	NOUN
aeasj-360	279	6	on	on	ADP
aeasj-360	279	7	balance	balance	NOUN
aeasj-360	279	8	of	of	ADP
aeasj-360	279	9	payment	payment	NOUN
aeasj-360	279	10	as	as	ADP
aeasj-360	279	11	a	a	DET
aeasj-360	279	12	monetary	monetary	ADJ
aeasj-360	279	13	phenomenon	phenomenon	NOUN
aeasj-360	279	14	.	.	PUNCT
aeasj-360	280	1	journal	journal	NOUN
aeasj-360	280	2	of	of	ADP
aeasj-360	280	3	emerging	emerge	VERB
aeasj-360	280	4	trends	trend	NOUN
aeasj-360	280	5	in	in	ADP
aeasj-360	280	6	economics	economic	NOUN
aeasj-360	280	7	and	and	CCONJ
aeasj-360	280	8	management	management	NOUN
aeasj-360	280	9	sciences	science	NOUN
aeasj-360	280	10	(	(	PUNCT
aeasj-360	280	11	jetems	jetem	NOUN
aeasj-360	280	12	)	)	PUNCT
aeasj-360	280	13	4(2	4(2	NUM
aeasj-360	280	14	)	)	PUNCT
aeasj-360	280	15	,	,	PUNCT
aeasj-360	280	16	124	124	NUM
aeasj-360	280	17	-	-	SYM
aeasj-360	280	18	132	132	NUM
aeasj-360	280	19	.	.	PUNCT
aeasj-360	281	1	aliyu	aliyu	PROPN
aeasj-360	281	2	,	,	PUNCT
aeasj-360	281	3	s.	s.	PROPN
aeasj-360	281	4	,	,	PUNCT
aeasj-360	281	5	yakub	yakub	NOUN
aeasj-360	281	6	,	,	PUNCT
aeasj-360	281	7	m.	m.	NOUN
aeasj-360	281	8	,	,	PUNCT
aeasj-360	281	9	sanni	sanni	PROPN
aeasj-360	281	10	,	,	PUNCT
aeasj-360	281	11	g.	g.	PROPN
aeasj-360	281	12	,	,	PUNCT
aeasj-360	281	13	&	&	CCONJ
aeasj-360	281	14	duke	duke	PROPN
aeasj-360	281	15	,	,	PUNCT
aeasj-360	281	16	o.	o.	PROPN
aeasj-360	281	17	(	(	PUNCT
aeasj-360	281	18	2013	2013	NUM
aeasj-360	281	19	)	)	PUNCT
aeasj-360	281	20	.	.	PUNCT
aeasj-360	282	1	exchange	exchange	NOUN
aeasj-360	282	2	rate	rate	NOUN
aeasj-360	282	3	pass	pass	NOUN
aeasj-360	282	4	-	-	PUNCT
aeasj-360	282	5	through	through	NOUN
aeasj-360	282	6	in	in	ADP
aeasj-360	282	7	nigeria	nigeria	PROPN
aeasj-360	282	8	:	:	PUNCT
aeasj-360	282	9	evidence	evidence	NOUN
aeasj-360	282	10	from	from	ADP
aeasj-360	282	11	a	a	DET
aeasj-360	282	12	vector	vector	NOUN
aeasj-360	282	13	error	error	NOUN
aeasj-360	282	14	correction	correction	NOUN
aeasj-360	282	15	model	model	NOUN
aeasj-360	282	16	.	.	PUNCT
aeasj-360	283	1	econ	econ	PROPN
aeasj-360	283	2	paper	paper	PROPN
aeasj-360	283	3	,	,	PUNCT
aeasj-360	283	4	1071–1084	1071–1084	NUM
aeasj-360	283	5	.	.	PUNCT
aeasj-360	284	1	attah	attah	NOUN
aeasj-360	284	2	-	-	PUNCT
aeasj-360	284	3	obeng	obeng	PROPN
aeasj-360	284	4	,	,	PUNCT
aeasj-360	284	5	p	p	X
aeasj-360	284	6	,	,	PUNCT
aeasj-360	284	7	enu	enu	PROPN
aeasj-360	284	8	,	,	PUNCT
aeasj-360	284	9	p.	p.	PROPN
aeasj-360	284	10	,	,	PUNCT
aeasj-360	284	11	osei	osei	PROPN
aeasj-360	284	12	-	-	PUNCT
aeasj-360	284	13	gyimah	gyimah	PROPN
aeasj-360	284	14	,	,	PUNCT
aeasj-360	284	15	f.	f.	PROPN
aeasj-360	284	16	,	,	PUNCT
aeasj-360	284	17	&	&	CCONJ
aeasj-360	284	18	opoku	opoku	PROPN
aeasj-360	284	19	,	,	PUNCT
aeasj-360	284	20	c.d	c.d	PROPN
aeasj-360	284	21	.	.	PROPN
aeasj-360	284	22	(	(	PUNCT
aeasj-360	284	23	2013	2013	NUM
aeasj-360	284	24	)	)	PUNCT
aeasj-360	284	25	.	.	PUNCT
aeasj-360	285	1	an	an	DET
aeasj-360	285	2	econometric	econometric	ADJ
aeasj-360	285	3	analysis	analysis	NOUN
aeasj-360	285	4	of	of	ADP
aeasj-360	285	5	the	the	DET
aeasj-360	285	6	relationship	relationship	NOUN
aeasj-360	285	7	between	between	ADP
aeasj-360	285	8	gdp	gdp	NOUN
aeasj-360	285	9	growth	growth	NOUN
aeasj-360	285	10	rate	rate	NOUN
aeasj-360	285	11	and	and	CCONJ
aeasj-360	285	12	exchange	exchange	NOUN
aeasj-360	285	13	rate	rate	NOUN
aeasj-360	285	14	in	in	ADP
aeasj-360	285	15	ghana	ghana	PROPN
aeasj-360	285	16	.	.	PUNCT
aeasj-360	286	1	journal	journal	PROPN
aeasj-360	286	2	of	of	ADP
aeasj-360	286	3	economics	economic	NOUN
aeasj-360	286	4	and	and	CCONJ
aeasj-360	286	5	sustainable	sustainable	ADJ
aeasj-360	286	6	development	development	NOUN
aeasj-360	286	7	,	,	PUNCT
aeasj-360	286	8	4	4	NUM
aeasj-360	286	9	(	(	PUNCT
aeasj-360	286	10	9),1	9),1	NUM
aeasj-360	286	11	-	-	PUNCT
aeasj-360	286	12	8	8	NUM
aeasj-360	286	13	ayeyemi	ayeyemi	NOUN
aeasj-360	286	14	,	,	PUNCT
aeasj-360	286	15	l.o	l.o	PROPN
aeasj-360	286	16	.	.	PROPN
aeasj-360	286	17	(	(	PUNCT
aeasj-360	286	18	2013	2013	NUM
aeasj-360	286	19	)	)	PUNCT
aeasj-360	286	20	.	.	PUNCT
aeasj-360	287	1	industrial	industrial	ADJ
aeasj-360	287	2	development	development	NOUN
aeasj-360	287	3	in	in	ADP
aeasj-360	287	4	developing	develop	VERB
aeasj-360	287	5	nations	nation	NOUN
aeasj-360	287	6	:	:	PUNCT
aeasj-360	287	7	a	a	DET
aeasj-360	287	8	case	case	NOUN
aeasj-360	287	9	study	study	NOUN
aeasj-360	287	10	of	of	ADP
aeasj-360	287	11	nigerian	nigerian	ADJ
aeasj-360	287	12	small	small	ADJ
aeasj-360	287	13	and	and	CCONJ
aeasj-360	287	14	medium	medium	ADJ
aeasj-360	287	15	business	business	NOUN
aeasj-360	287	16	enterprises	enterprise	NOUN
aeasj-360	287	17	,	,	PUNCT
aeasj-360	287	18	degree	degree	NOUN
aeasj-360	287	19	programme	programme	NOUN
aeasj-360	287	20	in	in	ADP
aeasj-360	287	21	industrial	industrial	ADJ
aeasj-360	287	22	management	management	NOUN
aeasj-360	287	23	.	.	PUNCT
aeasj-360	288	1	savonia	savonia	PROPN
aeasj-360	288	2	university	university	PROPN
aeasj-360	288	3	of	of	ADP
aeasj-360	288	4	applied	apply	VERB
aeasj-360	288	5	sciences	science	NOUN
aeasj-360	288	6	,	,	PUNCT
aeasj-360	288	7	azeez	azeez	PROPN
aeasj-360	288	8	,	,	PUNCT
aeasj-360	288	9	b.a	b.a	PROPN
aeasj-360	288	10	;	;	PUNCT
aeasj-360	288	11	kolopo	kolopo	PROPN
aeasj-360	288	12	,	,	PUNCT
aeasj-360	288	13	f.t	f.t	PROPN
aeasj-360	288	14	&	&	CCONJ
aeasj-360	288	15	ajayi	ajayi	PROPN
aeasj-360	288	16	,	,	PUNCT
aeasj-360	288	17	l.b	l.b	PROPN
aeasj-360	288	18	(	(	PUNCT
aeasj-360	288	19	2012	2012	NUM
aeasj-360	288	20	)	)	PUNCT
aeasj-360	288	21	.	.	PUNCT
aeasj-360	289	1	effect	effect	NOUN
aeasj-360	289	2	of	of	ADP
aeasj-360	289	3	exchange	exchange	NOUN
aeasj-360	289	4	rate	rate	NOUN
aeasj-360	289	5	volatility	volatility	NOUN
aeasj-360	289	6	on	on	ADP
aeasj-360	289	7	macroeconomic	macroeconomic	ADJ
aeasj-360	289	8	performance	performance	NOUN
aeasj-360	289	9	in	in	ADP
aeasj-360	289	10	nigeria	nigeria	PROPN
aeasj-360	289	11	.	.	PUNCT
aeasj-360	290	1	interdisciplinary	interdisciplinary	ADJ
aeasj-360	290	2	journal	journal	PROPN
aeasj-360	290	3	of	of	ADP
aeasj-360	290	4	contemporary	contemporary	ADJ
aeasj-360	290	5	research	research	NOUN
aeasj-360	290	6	in	in	ADP
aeasj-360	290	7	business	business	NOUN
aeasj-360	290	8	.	.	PUNCT
aeasj-360	291	1	4(1	4(1	NOUN
aeasj-360	291	2	)	)	PUNCT
aeasj-360	291	3	,	,	PUNCT
aeasj-360	291	4	149	149	NUM
aeasj-360	291	5	–	–	SYM
aeasj-360	291	6	155	155	NUM
aeasj-360	291	7	.	.	PUNCT
aeasj-360	292	1	dada	dada	PROPN
aeasj-360	292	2	,	,	PUNCT
aeasj-360	292	3	e.a	e.a	PROPN
aeasj-360	292	4	.	.	PROPN
aeasj-360	292	5	,	,	PUNCT
aeasj-360	292	6	&	&	CCONJ
aeasj-360	292	7	oyeranti	oyeranti	PROPN
aeasj-360	292	8	,	,	PUNCT
aeasj-360	292	9	o.a	o.a	PROPN
aeasj-360	292	10	.	.	PROPN
aeasj-360	292	11	(	(	PUNCT
aeasj-360	292	12	2012	2012	NUM
aeasj-360	292	13	)	)	PUNCT
aeasj-360	292	14	.	.	PUNCT
aeasj-360	293	1	exchange	exchange	NOUN
aeasj-360	293	2	rate	rate	NOUN
aeasj-360	293	3	and	and	CCONJ
aeasj-360	293	4	macroeconomic	macroeconomic	ADJ
aeasj-360	293	5	aggregates	aggregate	NOUN
aeasj-360	293	6	in	in	ADP
aeasj-360	293	7	nigeria	nigeria	PROPN
aeasj-360	293	8	.	.	PUNCT
aeasj-360	294	1	journal	journal	PROPN
aeasj-360	294	2	of	of	ADP
aeasj-360	294	3	economics	economic	NOUN
aeasj-360	294	4	and	and	CCONJ
aeasj-360	294	5	sustainable	sustainable	ADJ
aeasj-360	294	6	development	development	NOUN
aeasj-360	294	7	,	,	PUNCT
aeasj-360	294	8	3(2	3(2	NUM
aeasj-360	294	9	)	)	PUNCT
aeasj-360	294	10	,	,	PUNCT
aeasj-360	294	11	93	93	NUM
aeasj-360	294	12	–	–	SYM
aeasj-360	294	13	101	101	NUM
aeasj-360	294	14	.	.	PUNCT
aeasj-360	295	1	dickey	dickey	PROPN
aeasj-360	295	2	,	,	PUNCT
aeasj-360	295	3	d.a	d.a	PROPN
aeasj-360	295	4	&	&	CCONJ
aeasj-360	295	5	fuller	full	ADJ
aeasj-360	295	6	,	,	PUNCT
aeasj-360	295	7	w.a	w.a	PROPN
aeasj-360	295	8	(	(	PUNCT
aeasj-360	295	9	1979	1979	NUM
aeasj-360	295	10	)	)	PUNCT
aeasj-360	295	11	.	.	PUNCT
aeasj-360	296	1	likelihood	likelihood	NOUN
aeasj-360	296	2	ratio	ratio	NOUN
aeasj-360	296	3	statistics	statistic	NOUN
aeasj-360	296	4	for	for	ADP
aeasj-360	296	5	autoregressive	autoregressive	ADJ
aeasj-360	296	6	time	time	NOUN
aeasj-360	296	7	series	series	NOUN
aeasj-360	296	8	with	with	ADP
aeasj-360	296	9	a	a	DET
aeasj-360	296	10	unit	unit	NOUN
aeasj-360	296	11	root	root	NOUN
aeasj-360	296	12	.	.	PUNCT
aeasj-360	297	1	econometrica	econometrica	PROPN
aeasj-360	297	2	49	49	NUM
aeasj-360	297	3	,	,	PUNCT
aeasj-360	297	4	1057	1057	NUM
aeasj-360	297	5	-	-	SYM
aeasj-360	297	6	1072	1072	NUM
aeasj-360	297	7	.	.	PUNCT
aeasj-360	298	1	igue	igue	NOUN
aeasj-360	298	2	,	,	PUNCT
aeasj-360	298	3	n.n	n.n	PROPN
aeasj-360	298	4	&	&	CCONJ
aeasj-360	298	5	ogunleye	ogunleye	PROPN
aeasj-360	298	6	,	,	PUNCT
aeasj-360	298	7	t.s	t.s	PROPN
aeasj-360	298	8	.	.	PROPN
aeasj-360	298	9	(	(	PUNCT
aeasj-360	298	10	2014	2014	NUM
aeasj-360	298	11	)	)	PUNCT
aeasj-360	298	12	.	.	PUNCT
aeasj-360	299	1	impact	impact	NOUN
aeasj-360	299	2	of	of	ADP
aeasj-360	299	3	real	real	ADJ
aeasj-360	299	4	exchange	exchange	NOUN
aeasj-360	299	5	rate	rate	NOUN
aeasj-360	299	6	on	on	ADP
aeasj-360	299	7	trade	trade	NOUN
aeasj-360	299	8	balance	balance	NOUN
aeasj-360	299	9	in	in	ADP
aeasj-360	299	10	nigeria	nigeria	PROPN
aeasj-360	299	11	.	.	PUNCT
aeasj-360	300	1	african	african	PROPN
aeasj-360	300	2	development	development	PROPN
aeasj-360	300	3	review	review	PROPN
aeasj-360	300	4	,	,	PUNCT
aeasj-360	300	5	26(33),347–358	26(33),347–358	NOUN
aeasj-360	300	6	.	.	PUNCT
aeasj-360	301	1	ikechukwu	ikechukwu	PROPN
aeasj-360	301	2	,	,	PUNCT
aeasj-360	301	3	k.(2016	k.(2016	PROPN
aeasj-360	301	4	)	)	PUNCT
aeasj-360	301	5	.	.	PUNCT
aeasj-360	302	1	exchange	exchange	NOUN
aeasj-360	302	2	rate	rate	NOUN
aeasj-360	302	3	fluctuation	fluctuation	NOUN
aeasj-360	302	4	and	and	CCONJ
aeasj-360	302	5	firm	firm	ADJ
aeasj-360	302	6	performance	performance	NOUN
aeasj-360	302	7	in	in	ADP
aeasj-360	302	8	nigeria	nigeria	PROPN
aeasj-360	302	9	:	:	PUNCT
aeasj-360	302	10	a	a	DET
aeasj-360	302	11	dynamic	dynamic	ADJ
aeasj-360	302	12	panel	panel	NOUN
aeasj-360	302	13	regression	regression	NOUN
aeasj-360	302	14	approach	approach	NOUN
aeasj-360	302	15	,	,	PUNCT
aeasj-360	302	16	proceedings	proceeding	NOUN
aeasj-360	302	17	of	of	ADP
aeasj-360	302	18	the	the	DET
aeasj-360	302	19	australia	australia	PROPN
aeasj-360	302	20	-	-	PUNCT
aeasj-360	302	21	middle	middle	PROPN
aeasj-360	302	22	east	east	PROPN
aeasj-360	302	23	conference	conference	NOUN
aeasj-360	302	24	on	on	ADP
aeasj-360	302	25	business	business	NOUN
aeasj-360	302	26	and	and	CCONJ
aeasj-360	302	27	social	social	ADJ
aeasj-360	302	28	sciences	science	NOUN
aeasj-360	302	29	2016	2016	NUM
aeasj-360	302	30	,	,	PUNCT
aeasj-360	302	31	dubai	dubai	NOUN
aeasj-360	302	32	(	(	PUNCT
aeasj-360	302	33	in	in	ADP
aeasj-360	302	34	partnership	partnership	NOUN
aeasj-360	302	35	with	with	ADP
aeasj-360	302	36	the	the	DET
aeasj-360	302	37	journal	journal	NOUN
aeasj-360	302	38	of	of	ADP
aeasj-360	302	39	developing	develop	VERB
aeasj-360	302	40	areas	area	NOUN
aeasj-360	302	41	,	,	PUNCT
aeasj-360	302	42	tennessee	tennessee	PROPN
aeasj-360	302	43	state	state	PROPN
aeasj-360	302	44	university	university	PROPN
aeasj-360	302	45	.	.	PUNCT
aeasj-360	303	1	ilechukwu	ilechukwu	PROPN
aeasj-360	303	2	,	,	PUNCT
aeasj-360	303	3	i.n	i.n	PROPN
aeasj-360	303	4	.	.	PROPN
aeasj-360	303	5	,&nwokoye	,&nwokoye	PROPN
aeasj-360	303	6	,	,	PUNCT
aeasj-360	303	7	e.s	e.s	PROPN
aeasj-360	303	8	.	.	PROPN
aeasj-360	303	9	(	(	PUNCT
aeasj-360	303	10	2015	2015	NUM
aeasj-360	303	11	)	)	PUNCT
aeasj-360	303	12	.	.	PUNCT
aeasj-360	304	1	long	long	ADJ
aeasj-360	304	2	run	run	NOUN
aeasj-360	304	3	impact	impact	NOUN
aeasj-360	304	4	of	of	ADP
aeasj-360	304	5	exchange	exchange	NOUN
aeasj-360	304	6	rate	rate	NOUN
aeasj-360	304	7	on	on	ADP
aeasj-360	304	8	nigeria	nigeria	PROPN
aeasj-360	304	9	’s	’s	PART
aeasj-360	304	10	industrial	industrial	ADJ
aeasj-360	304	11	output	output	NOUN
aeasj-360	304	12	.	.	PUNCT
aeasj-360	305	1	journal	journal	PROPN
aeasj-360	305	2	of	of	ADP
aeasj-360	305	3	economics	economic	NOUN
aeasj-360	305	4	and	and	CCONJ
aeasj-360	305	5	finance	finance	NOUN
aeasj-360	305	6	,	,	PUNCT
aeasj-360	305	7	6(5	6(5	NUM
aeasj-360	305	8	)	)	PUNCT
aeasj-360	305	9	,	,	PUNCT
aeasj-360	305	10	75	75	NUM
aeasj-360	305	11	-	-	SYM
aeasj-360	305	12	86	86	NUM
aeasj-360	305	13	.	.	PUNCT
aeasj-360	306	1	imoisi	imoisi	PROPN
aeasj-360	306	2	,	,	PUNCT
aeasj-360	306	3	a.i	a.i	PROPN
aeasj-360	306	4	.	.	PROPN
aeasj-360	306	5	(	(	PUNCT
aeasj-360	306	6	2012	2012	NUM
aeasj-360	306	7	)	)	PUNCT
aeasj-360	306	8	.	.	PUNCT
aeasj-360	307	1	trends	trend	NOUN
aeasj-360	307	2	in	in	ADP
aeasj-360	307	3	nigerians	nigerians	PROPN
aeasj-360	307	4	balance	balance	NOUN
aeasj-360	307	5	of	of	ADP
aeasj-360	307	6	payments	payment	NOUN
aeasj-360	307	7	:	:	PUNCT
aeasj-360	307	8	an	an	DET
aeasj-360	307	9	empirical	empirical	ADJ
aeasj-360	307	10	analysis	analysis	NOUN
aeasj-360	307	11	from	from	ADP
aeasj-360	307	12	1970	1970	NUM
aeasj-360	307	13	-	-	SYM
aeasj-360	307	14	2010	2010	NUM
aeasj-360	307	15	.	.	PUNCT
aeasj-360	308	1	european	european	PROPN
aeasj-360	308	2	journal	journal	PROPN
aeasj-360	308	3	of	of	ADP
aeasj-360	308	4	business	business	NOUN
aeasj-360	308	5	and	and	CCONJ
aeasj-360	308	6	management	management	NOUN
aeasj-360	308	7	,	,	PUNCT
aeasj-360	308	8	4	4	NUM
aeasj-360	308	9	(	(	PUNCT
aeasj-360	308	10	21	21	NUM
aeasj-360	308	11	)	)	PUNCT
aeasj-360	308	12	,	,	PUNCT
aeasj-360	308	13	210	210	NUM
aeasj-360	308	14	-	-	SYM
aeasj-360	308	15	217	217	NUM
aeasj-360	308	16	.	.	PUNCT
aeasj-360	309	1	jonathan	jonathan	PROPN
aeasj-360	309	2	o.	o.	PROPN
aeasj-360	309	3	e	e	PROPN
aeasj-360	309	4	and	and	CCONJ
aeasj-360	309	5	kenneth	kenneth	PROPN
aeasj-360	309	6	u	u	PROPN
aeasj-360	309	7	(	(	PUNCT
aeasj-360	309	8	2016	2016	NUM
aeasj-360	309	9	)	)	PUNCT
aeasj-360	309	10	.	.	PUNCT
aeasj-360	310	1	the	the	DET
aeasj-360	310	2	impact	impact	NOUN
aeasj-360	310	3	of	of	ADP
aeasj-360	310	4	exchange	exchange	NOUN
aeasj-360	310	5	rate	rate	NOUN
aeasj-360	310	6	fluctuations	fluctuation	NOUN
aeasj-360	310	7	on	on	ADP
aeasj-360	310	8	private	private	ADJ
aeasj-360	310	9	domestic	domestic	ADJ
aeasj-360	310	10	investment	investment	NOUN
aeasj-360	310	11	performance	performance	NOUN
aeasj-360	310	12	in	in	ADP
aeasj-360	310	13	nigeria	nigeria	PROPN
aeasj-360	310	14	,	,	PUNCT
aeasj-360	310	15	journal	journal	NOUN
aeasj-360	310	16	of	of	ADP
aeasj-360	310	17	economics	economic	NOUN
aeasj-360	310	18	and	and	CCONJ
aeasj-360	310	19	finance	finance	NOUN
aeasj-360	310	20	,	,	PUNCT
aeasj-360	310	21	7(3	7(3	NUM
aeasj-360	310	22	)	)	PUNCT
aeasj-360	310	23	,	,	PUNCT
aeasj-360	310	24	07	07	NUM
aeasj-360	310	25	-	-	SYM
aeasj-360	310	26	15	15	NUM
aeasj-360	310	27	.	.	PUNCT
aeasj-360	311	1	jongbo	jongbo	PROPN
aeasj-360	311	2	,	,	PUNCT
aeasj-360	311	3	o.	o.	PROPN
aeasj-360	311	4	c.	c.	PROPN
aeasj-360	311	5	(	(	PUNCT
aeasj-360	311	6	2014	2014	NUM
aeasj-360	311	7	)	)	PUNCT
aeasj-360	311	8	.	.	PUNCT
aeasj-360	312	1	the	the	DET
aeasj-360	312	2	impact	impact	NOUN
aeasj-360	312	3	of	of	ADP
aeasj-360	312	4	real	real	ADJ
aeasj-360	312	5	exchange	exchange	NOUN
aeasj-360	312	6	rate	rate	NOUN
aeasj-360	312	7	fluctuations	fluctuation	NOUN
aeasj-360	312	8	on	on	ADP
aeasj-360	312	9	industrial	industrial	ADJ
aeasj-360	312	10	output	output	NOUN
aeasj-360	312	11	in	in	ADP
aeasj-360	312	12	nigeria	nigeria	PROPN
aeasj-360	312	13	.	.	PUNCT
aeasj-360	313	1	journal	journal	PROPN
aeasj-360	313	2	of	of	ADP
aeasj-360	313	3	policy	policy	NOUN
aeasj-360	313	4	and	and	CCONJ
aeasj-360	313	5	development	development	NOUN
aeasj-360	313	6	studies,9(1	studies,9(1	PROPN
aeasj-360	313	7	)	)	PUNCT
aeasj-360	313	8	,	,	PUNCT
aeasj-360	313	9	268	268	NUM
aeasj-360	313	10	-	-	SYM
aeasj-360	313	11	278	278	NUM
aeasj-360	313	12	.	.	PUNCT
aeasj-360	314	1	kamin	kamin	PROPN
aeasj-360	314	2	,	,	PUNCT
aeasj-360	314	3	s.	s.	PROPN
aeasj-360	314	4	b.	b.	PROPN
aeasj-360	314	5	,	,	PUNCT
aeasj-360	314	6	&	&	CCONJ
aeasj-360	314	7	klau	klau	PROPN
aeasj-360	314	8	,	,	PUNCT
aeasj-360	314	9	dan	dan	PROPN
aeasj-360	314	10	m.	m.	PROPN
aeasj-360	314	11	(	(	PUNCT
aeasj-360	314	12	2003	2003	NUM
aeasj-360	314	13	)	)	PUNCT
aeasj-360	314	14	.	.	PUNCT
aeasj-360	315	1	a	a	DET
aeasj-360	315	2	multi	multi	ADJ
aeasj-360	315	3	-	-	ADJ
aeasj-360	315	4	country	country	ADJ
aeasj-360	315	5	comparison	comparison	NOUN
aeasj-360	315	6	of	of	ADP
aeasj-360	315	7	the	the	DET
aeasj-360	315	8	linkages	linkage	NOUN
aeasj-360	315	9	between	between	ADP
aeasj-360	315	10	inflation	inflation	NOUN
aeasj-360	315	11	and	and	CCONJ
aeasj-360	315	12	exchange	exchange	NOUN
aeasj-360	315	13	rate	rate	NOUN
aeasj-360	315	14	competitiveness	competitiveness	NOUN
aeasj-360	315	15	.	.	PUNCT
aeasj-360	316	1	international	international	ADJ
aeasj-360	316	2	journal	journal	NOUN
aeasj-360	316	3	of	of	ADP
aeasj-360	316	4	finance	finance	NOUN
aeasj-360	316	5	and	and	CCONJ
aeasj-360	316	6	economics	economic	NOUN
aeasj-360	316	7	,	,	PUNCT
aeasj-360	316	8	30(8	30(8	NUM
aeasj-360	316	9	)	)	PUNCT
aeasj-360	316	10	,	,	PUNCT
aeasj-360	316	11	167	167	NUM
aeasj-360	316	12	-	-	SYM
aeasj-360	316	13	184	184	NUM
aeasj-360	316	14	.	.	PUNCT
aeasj-360	316	15	kandil	kandil	PROPN
aeasj-360	316	16	m.(2004	m.(2004	PROPN
aeasj-360	316	17	)	)	PUNCT
aeasj-360	316	18	.	.	PUNCT
aeasj-360	317	1	exchange	exchange	NOUN
aeasj-360	317	2	rate	rate	NOUN
aeasj-360	317	3	fluctuations	fluctuation	NOUN
aeasj-360	317	4	and	and	CCONJ
aeasj-360	317	5	economic	economic	ADJ
aeasj-360	317	6	activity	activity	NOUN
aeasj-360	317	7	in	in	ADP
aeasj-360	317	8	developing	develop	VERB
aeasj-360	317	9	countries	country	NOUN
aeasj-360	317	10	:	:	PUNCT
aeasj-360	317	11	theory	theory	NOUN
aeasj-360	317	12	and	and	CCONJ
aeasj-360	317	13	evidence	evidence	NOUN
aeasj-360	317	14	.	.	PUNCT
aeasj-360	318	1	journal	journal	NOUN
aeasj-360	318	2	of	of	ADP
aeasj-360	318	3	economic	economic	ADJ
aeasj-360	318	4	development	development	NOUN
aeasj-360	318	5	.	.	PUNCT
aeasj-360	319	1	29	29	NUM
aeasj-360	319	2	(	(	PUNCT
aeasj-360	319	3	1	1	NUM
aeasj-360	319	4	)	)	PUNCT
aeasj-360	319	5	.	.	PUNCT
aeasj-360	320	1	kuttner	kuttner	PROPN
aeasj-360	320	2	,	,	PUNCT
aeasj-360	320	3	k.	k.	PROPN
aeasj-360	320	4	n.	n.	PROPN
aeasj-360	320	5	,	,	PUNCT
aeasj-360	320	6	&	&	CCONJ
aeasj-360	320	7	posen	posen	PROPN
aeasj-360	320	8	,	,	PUNCT
aeasj-360	320	9	a.	a.	PROPN
aeasj-360	320	10	s.	s.	PROPN
aeasj-360	320	11	(	(	PUNCT
aeasj-360	320	12	2006	2006	NUM
aeasj-360	320	13	)	)	PUNCT
aeasj-360	320	14	.	.	PUNCT
aeasj-360	321	1	inflation	inflation	NOUN
aeasj-360	321	2	,	,	PUNCT
aeasj-360	321	3	monetary	monetary	ADJ
aeasj-360	321	4	transparency	transparency	NOUN
aeasj-360	321	5	and	and	CCONJ
aeasj-360	321	6	g3	g3	PROPN
aeasj-360	321	7	exchange	exchange	NOUN
aeasj-360	321	8	rate	rate	NOUN
aeasj-360	321	9	volatility	volatility	NOUN
aeasj-360	321	10	.	.	PUNCT
aeasj-360	322	1	peterson	peterson	PROPN
aeasj-360	322	2	institute	institute	PROPN
aeasj-360	322	3	working	working	PROPN
aeasj-360	322	4	paper	paper	PROPN
aeasj-360	322	5	no	no	INTJ
aeasj-360	322	6	.	.	NOUN
aeasj-360	322	7	00	00	NUM
aeasj-360	322	8	-	-	SYM
aeasj-360	322	9	06	06	NUM
aeasj-360	322	10	.	.	PUNCT
aeasj-360	323	1	lawal	lawal	PROPN
aeasj-360	323	2	,	,	PUNCT
aeasj-360	323	3	e.o	e.o	PROPN
aeasj-360	323	4	.	.	PROPN
aeasj-360	323	5	(	(	PUNCT
aeasj-360	323	6	2016	2016	NUM
aeasj-360	323	7	)	)	PUNCT
aeasj-360	323	8	.	.	PUNCT
aeasj-360	324	1	effect	effect	NOUN
aeasj-360	324	2	of	of	ADP
aeasj-360	324	3	exchange	exchange	NOUN
aeasj-360	324	4	rate	rate	NOUN
aeasj-360	324	5	fluctuations	fluctuation	NOUN
aeasj-360	324	6	on	on	ADP
aeasj-360	324	7	manufacturing	manufacture	VERB
aeasj-360	324	8	sector	sector	NOUN
aeasj-360	324	9	output	output	NOUN
aeasj-360	324	10	in	in	ADP
aeasj-360	324	11	nigeria	nigeria	PROPN
aeasj-360	324	12	.	.	PUNCT
aeasj-360	325	1	journal	journal	PROPN
aeasj-360	325	2	of	of	ADP
aeasj-360	325	3	research	research	NOUN
aeasj-360	325	4	in	in	ADP
aeasj-360	325	5	business	business	NOUN
aeasj-360	325	6	and	and	CCONJ
aeasj-360	325	7	management	management	NOUN
aeasj-360	325	8	,	,	PUNCT
aeasj-360	325	9	4	4	NUM
aeasj-360	325	10	(	(	PUNCT
aeasj-360	325	11	10	10	NUM
aeasj-360	325	12	)	)	PUNCT
aeasj-360	325	13	,	,	PUNCT
aeasj-360	325	14	32	32	NUM
aeasj-360	325	15	-	-	SYM
aeasj-360	325	16	39	39	NUM
aeasj-360	325	17	.	.	PUNCT
aeasj-360	326	1	levacic	levacic	PROPN
aeasj-360	326	2	,	,	PUNCT
aeasj-360	326	3	r.	r.	PROPN
aeasj-360	326	4	,	,	PUNCT
aeasj-360	326	5	&	&	CCONJ
aeasj-360	326	6	rebmann	rebmann	PROPN
aeasj-360	326	7	,	,	PUNCT
aeasj-360	326	8	a.	a.	NOUN
aeasj-360	326	9	(	(	PUNCT
aeasj-360	326	10	1982	1982	NUM
aeasj-360	326	11	)	)	PUNCT
aeasj-360	326	12	.	.	PUNCT
aeasj-360	327	1	macroeconomics	macroeconomic	NOUN
aeasj-360	327	2	london.macmillian	london.macmillian	PROPN
aeasj-360	327	3	publishers	publishers	PROPN
aeasj-360	327	4	ltd	ltd	PROPN
aeasj-360	327	5	,	,	PUNCT
aeasj-360	327	6	89	89	NUM
aeasj-360	327	7	-	-	SYM
aeasj-360	327	8	100	100	NUM
aeasj-360	327	9	.	.	PUNCT
aeasj-360	328	1	mori	mori	PROPN
aeasj-360	328	2	,	,	PUNCT
aeasj-360	328	3	k.	k.	PROPN
aeasj-360	328	4	,	,	PUNCT
aeasj-360	328	5	asid	asid	PROPN
aeasj-360	328	6	,	,	PUNCT
aeasj-360	328	7	r.	r.	PROPN
aeasj-360	328	8	,	,	PUNCT
aeasj-360	328	9	lily	lily	PROPN
aeasj-360	328	10	,	,	PUNCT
aeasj-360	328	11	j.	j.	PROPN
aeasj-360	328	12	,	,	PUNCT
aeasj-360	328	13	mulok	mulok	PROPN
aeasj-360	328	14	,	,	PUNCT
aeasj-360	328	15	d.	d.	PROPN
aeasj-360	328	16	,	,	PUNCT
aeasj-360	328	17	&	&	CCONJ
aeasj-360	328	18	loganathan	loganathan	PROPN
aeasj-360	328	19	,	,	PUNCT
aeasj-360	328	20	n.	n.	NOUN
aeasj-360	328	21	(	(	PUNCT
aeasj-360	328	22	2012	2012	NUM
aeasj-360	328	23	)	)	PUNCT
aeasj-360	328	24	.	.	PUNCT
aeasj-360	329	1	the	the	DET
aeasj-360	329	2	effects	effect	NOUN
aeasj-360	329	3	of	of	ADP
aeasj-360	329	4	the	the	DET
aeasj-360	329	5	exchange	exchange	NOUN
aeasj-360	329	6	rates	rate	NOUN
aeasj-360	329	7	on	on	ADP
aeasj-360	329	8	economic	economic	ADJ
aeasj-360	329	9	growth	growth	NOUN
aeasj-360	329	10	in	in	ADP
aeasj-360	329	11	malaysia	malaysia	PROPN
aeasj-360	329	12	:	:	PUNCT
aeasj-360	329	13	empirical	empirical	ADJ
aeasj-360	329	14	testing	testing	NOUN
aeasj-360	329	15	on	on	ADP
aeasj-360	329	16	nominal	nominal	ADJ
aeasj-360	329	17	versus	versus	ADP
aeasj-360	329	18	real	real	ADJ
aeasj-360	329	19	.	.	PUNCT
aeasj-360	330	1	iupjournal	iupjournal	ADJ
aeasj-360	330	2	of	of	ADP
aeasj-360	330	3	financial	financial	ADJ
aeasj-360	330	4	economics	economic	NOUN
aeasj-360	330	5	.	.	PUNCT
aeasj-360	331	1	10(1	10(1	NUM
aeasj-360	331	2	)	)	PUNCT
aeasj-360	331	3	,	,	PUNCT
aeasj-360	331	4	7	7	NUM
aeasj-360	331	5	-	-	SYM
aeasj-360	331	6	17	17	NUM
aeasj-360	331	7	ndungu	ndungu	NOUN
aeasj-360	331	8	,	,	PUNCT
aeasj-360	331	9	n.s	n.s	PROPN
aeasj-360	331	10	.	.	PUNCT
aeasj-360	332	1	(	(	PUNCT
aeasj-360	332	2	1997).price	1997).price	NUM
aeasj-360	332	3	and	and	CCONJ
aeasj-360	332	4	exchange	exchange	NOUN
aeasj-360	332	5	rate	rate	NOUN
aeasj-360	332	6	dynamics	dynamic	NOUN
aeasj-360	332	7	in	in	ADP
aeasj-360	332	8	kenya	kenya	PROPN
aeasj-360	332	9	:	:	PUNCT
aeasj-360	332	10	an	an	DET
aeasj-360	332	11	empirical	empirical	ADJ
aeasj-360	332	12	investigation(1970	investigation(1970	ADJ
aeasj-360	332	13	-	-	PUNCT
aeasj-360	332	14	1993).aerc	1993).aerc	PROPN
aeasj-360	332	15	research	research	NOUN
aeasj-360	332	16	paper	paper	NOUN
aeasj-360	332	17	,	,	PUNCT
aeasj-360	332	18	58	58	NUM
aeasj-360	332	19	.	.	PUNCT
aeasj-360	333	1	nucu	nucu	NOUN
aeasj-360	333	2	.a	.a	PROPN
aeasj-360	333	3	.	.	PUNCT
aeasj-360	334	1	e.	e.	PROPN
aeasj-360	334	2	,	,	PUNCT
aeasj-360	334	3	(	(	PUNCT
aeasj-360	334	4	2011).relationship	2011).relationship	NOUN
aeasj-360	334	5	between	between	ADP
aeasj-360	334	6	exchange	exchange	NOUN
aeasj-360	334	7	rate	rate	NOUN
aeasj-360	334	8	and	and	CCONJ
aeasj-360	334	9	key	key	ADJ
aeasj-360	334	10	macroeconomic	macroeconomic	ADJ
aeasj-360	334	11	indicators	indicator	NOUN
aeasj-360	334	12	.	.	PUNCT
aeasj-360	335	1	case	case	NOUN
aeasj-360	335	2	study	study	NOUN
aeasj-360	335	3	romania	romania	PROPN
aeasj-360	335	4	.	.	PUNCT
aeasj-360	336	1	the	the	DET
aeasj-360	336	2	romanianeconomic	romanianeconomic	ADJ
aeasj-360	336	3	journal	journal	NOUN
aeasj-360	336	4	.	.	PUNCT
aeasj-360	337	1	25	25	NUM
aeasj-360	337	2	(	(	PUNCT
aeasj-360	337	3	8)	8)	NUM
aeasj-360	337	4	,	,	PUNCT
aeasj-360	337	5	127	127	NUM
aeasj-360	337	6	-	-	SYM
aeasj-360	337	7	145	145	NUM
aeasj-360	337	8	.	.	PUNCT
aeasj-360	338	1	odusola	odusola	PROPN
aeasj-360	338	2	,	,	PUNCT
aeasj-360	338	3	a.f	a.f	PROPN
aeasj-360	338	4	;	;	PUNCT
aeasj-360	338	5	&	&	CCONJ
aeasj-360	338	6	akinlo	akinlo	PROPN
aeasj-360	338	7	,	,	PUNCT
aeasj-360	338	8	a.e	a.e	PROPN
aeasj-360	338	9	.	.	PROPN
aeasj-360	338	10	(	(	PUNCT
aeasj-360	338	11	2001	2001	NUM
aeasj-360	338	12	)	)	PUNCT
aeasj-360	338	13	.	.	PUNCT
aeasj-360	339	1	output	output	NOUN
aeasj-360	339	2	,	,	PUNCT
aeasj-360	339	3	inflation	inflation	NOUN
aeasj-360	339	4	and	and	CCONJ
aeasj-360	339	5	exchange	exchange	NOUN
aeasj-360	339	6	rate	rate	NOUN
aeasj-360	339	7	in	in	ADP
aeasj-360	339	8	developing	develop	VERB
aeasj-360	339	9	countries	country	NOUN
aeasj-360	339	10	:	:	PUNCT
aeasj-360	339	11	an	an	DET
aeasj-360	339	12	application	application	NOUN
aeasj-360	339	13	to	to	ADP
aeasj-360	339	14	nigeria	nigeria	PROPN
aeasj-360	339	15	.	.	PUNCT
aeasj-360	340	1	journal	journal	PROPN
aeasj-360	340	2	of	of	ADP
aeasj-360	340	3	development	development	NOUN
aeasj-360	340	4	economics	economic	NOUN
aeasj-360	340	5	,	,	PUNCT
aeasj-360	340	6	39(2	39(2	NUM
aeasj-360	340	7	)	)	PUNCT
aeasj-360	340	8	,	,	PUNCT
aeasj-360	340	9	301	301	NUM
aeasj-360	340	10	-	-	SYM
aeasj-360	340	11	312	312	NUM
aeasj-360	340	12	.	.	PUNCT
aeasj-360	340	13	oladipupo	oladipupo	PROPN
aeasj-360	340	14	,	,	PUNCT
aeasj-360	340	15	a.	a.	NOUN
aeasj-360	340	16	o	o	PROPN
aeasj-360	340	17	&	&	CCONJ
aeasj-360	340	18	ogheneov	ogheneov	PROPN
aeasj-360	340	19	,	,	PUNCT
aeasj-360	340	20	o.	o.	PROPN
aeasj-360	340	21	f.	f.	PROPN
aeasj-360	340	22	(	(	PUNCT
aeasj-360	340	23	2011	2011	NUM
aeasj-360	340	24	)	)	PUNCT
aeasj-360	340	25	.	.	PUNCT
aeasj-360	341	1	impact	impact	NOUN
aeasj-360	341	2	of	of	ADP
aeasj-360	341	3	exchange	exchange	NOUN
aeasj-360	341	4	rate	rate	NOUN
aeasj-360	341	5	on	on	ADP
aeasj-360	341	6	balance	balance	NOUN
aeasj-360	341	7	of	of	ADP
aeasj-360	341	8	payment	payment	NOUN
aeasj-360	341	9	in	in	ADP
aeasj-360	341	10	nigeria	nigeria	PROPN
aeasj-360	341	11	.	.	PUNCT
aeasj-360	342	1	african	african	ADJ
aeasj-360	342	2	research	research	PROPN
aeasj-360	342	3	reviews,5	reviews,5	NOUN
aeasj-360	342	4	(	(	PUNCT
aeasj-360	342	5	4	4	NUM
aeasj-360	342	6	)	)	PUNCT
aeasj-360	342	7	,	,	PUNCT
aeasj-360	342	8	73	73	NUM
aeasj-360	342	9	-	-	SYM
aeasj-360	342	10	88	88	NUM
aeasj-360	342	11	.	.	PUNCT
aeasj-360	343	1	copyright	copyright	NOUN
aeasj-360	343	2	©	©	PROPN
aeasj-360	343	3	cc	cc	PROPN
aeasj-360	343	4	-	-	PUNCT
aeasj-360	343	5	by	by	ADP
aeasj-360	343	6	-	-	PUNCT
aeasj-360	343	7	nc	nc	PROPN
aeasj-360	343	8	2019	2019	NUM
aeasj-360	343	9	,	,	PUNCT
aeasj-360	343	10	cribfb	cribfb	VERB
aeasj-360	343	11	|	|	ADV
aeasj-360	343	12	aesr	aesr	ADV
aeasj-360	343	13	www.cribfb.com/journal/index.php/aesr	www.cribfb.com/journal/index.php/aesr	VERB
aeasj-360	343	14	american	american	PROPN
aeasj-360	343	15	economic	economic	PROPN
aeasj-360	343	16	&	&	CCONJ
aeasj-360	343	17	social	social	PROPN
aeasj-360	343	18	review	review	PROPN
aeasj-360	343	19	vol	vol	NOUN
aeasj-360	343	20	.	.	PROPN
aeasj-360	344	1	5	5	NUM
aeasj-360	344	2	,	,	PUNCT
aeasj-360	344	3	no	no	INTJ
aeasj-360	344	4	.	.	NOUN
aeasj-360	344	5	2	2	NUM
aeasj-360	344	6	;	;	PUNCT
aeasj-360	344	7	2019	2019	NUM
aeasj-360	344	8	31	31	NUM
aeasj-360	344	9	omorokunwa	omorokunwa	PROPN
aeasj-360	344	10	,	,	PUNCT
aeasj-360	344	11	o.g	o.g	PROPN
aeasj-360	344	12	.	.	PROPN
aeasj-360	344	13	,	,	PUNCT
aeasj-360	344	14	&	&	CCONJ
aeasj-360	344	15	ikponmwosa	ikponmwosa	PROPN
aeasj-360	344	16	,	,	PUNCT
aeasj-360	344	17	n.	n.	NOUN
aeasj-360	344	18	(	(	PUNCT
aeasj-360	344	19	2014	2014	NUM
aeasj-360	344	20	)	)	PUNCT
aeasj-360	344	21	.	.	PUNCT
aeasj-360	345	1	exchange	exchange	NOUN
aeasj-360	345	2	rate	rate	NOUN
aeasj-360	345	3	volatility	volatility	NOUN
aeasj-360	345	4	and	and	CCONJ
aeasj-360	345	5	foreign	foreign	ADJ
aeasj-360	345	6	private	private	ADJ
aeasj-360	345	7	investment	investment	NOUN
aeasj-360	345	8	in	in	ADP
aeasj-360	345	9	nigeria	nigeria	PROPN
aeasj-360	345	10	.	.	PUNCT
aeasj-360	346	1	asian	asian	ADJ
aeasj-360	346	2	journal	journal	PROPN
aeasj-360	346	3	of	of	ADP
aeasj-360	346	4	business	business	NOUN
aeasj-360	346	5	management	management	NOUN
aeasj-360	346	6	,	,	PUNCT
aeasj-360	346	7	146	146	NUM
aeasj-360	346	8	-	-	SYM
aeasj-360	346	9	154	154	NUM
aeasj-360	346	10	.	.	PUNCT
aeasj-360	347	1	opaluwa	opaluwa	PROPN
aeasj-360	347	2	,	,	PUNCT
aeasj-360	347	3	d.	d.	PROPN
aeasj-360	347	4	,	,	PUNCT
aeasj-360	347	5	umeh	umeh	PROPN
aeasj-360	347	6	,	,	PUNCT
aeasj-360	347	7	c.	c.	PROPN
aeasj-360	347	8	,	,	PUNCT
aeasj-360	347	9	&	&	CCONJ
aeasj-360	347	10	ameh	ameh	PROPN
aeasj-360	347	11	,	,	PUNCT
aeasj-360	347	12	a.	a.	NOUN
aeasj-360	347	13	(	(	PUNCT
aeasj-360	347	14	2010	2010	NUM
aeasj-360	347	15	)	)	PUNCT
aeasj-360	347	16	.	.	PUNCT
aeasj-360	348	1	the	the	DET
aeasj-360	348	2	effect	effect	NOUN
aeasj-360	348	3	of	of	ADP
aeasj-360	348	4	exchange	exchange	NOUN
aeasj-360	348	5	rate	rate	NOUN
aeasj-360	348	6	fluctuations	fluctuation	NOUN
aeasj-360	348	7	on	on	ADP
aeasj-360	348	8	the	the	DET
aeasj-360	348	9	nigerian	nigerian	ADJ
aeasj-360	348	10	manufacturing	manufacturing	NOUN
aeasj-360	348	11	sector	sector	NOUN
aeasj-360	348	12	.	.	PUNCT
aeasj-360	349	1	african	african	ADJ
aeasj-360	349	2	journal	journal	PROPN
aeasj-360	349	3	of	of	ADP
aeasj-360	349	4	business	business	NOUN
aeasj-360	349	5	management	management	NOUN
aeasj-360	349	6	,	,	PUNCT
aeasj-360	349	7	4(14	4(14	NUM
aeasj-360	349	8	)	)	PUNCT
aeasj-360	349	9	,	,	PUNCT
aeasj-360	349	10	29942998	29942998	NUM
aeasj-360	349	11	.	.	PUNCT
aeasj-360	350	1	osinubi	osinubi	ADV
aeasj-360	350	2	,	,	PUNCT
aeasj-360	350	3	t	t	PROPN
aeasj-360	350	4	s.	s.	PROPN
aeasj-360	350	5	&	&	CCONJ
aeasj-360	350	6	amaghionyeodiwe	amaghionyeodiwe	PROPN
aeasj-360	350	7	,	,	PUNCT
aeasj-360	350	8	l.a	l.a	PROPN
aeasj-360	350	9	(	(	PUNCT
aeasj-360	350	10	2009	2009	NUM
aeasj-360	350	11	)	)	PUNCT
aeasj-360	350	12	.	.	PUNCT
aeasj-360	351	1	foreign	foreign	ADJ
aeasj-360	351	2	direct	direct	ADJ
aeasj-360	351	3	investment	investment	NOUN
aeasj-360	351	4	and	and	CCONJ
aeasj-360	351	5	exchange	exchange	NOUN
aeasj-360	351	6	rate	rate	NOUN
aeasj-360	351	7	volatility	volatility	NOUN
aeasj-360	351	8	in	in	ADP
aeasj-360	351	9	nigeria	nigeria	PROPN
aeasj-360	351	10	.	.	PUNCT
aeasj-360	352	1	international	international	ADJ
aeasj-360	352	2	journal	journal	PROPN
aeasj-360	352	3	of	of	ADP
aeasj-360	352	4	applied	apply	VERB
aeasj-360	352	5	econometrics	econometric	NOUN
aeasj-360	352	6	and	and	CCONJ
aeasj-360	352	7	quantitative	quantitative	ADJ
aeasj-360	352	8	studies,6(2	studies,6(2	ADV
aeasj-360	352	9	)	)	PUNCT
aeasj-360	352	10	,	,	PUNCT
aeasj-360	352	11	119	119	NUM
aeasj-360	352	12	-	-	SYM
aeasj-360	352	13	127	127	NUM
aeasj-360	352	14	.	.	PUNCT
aeasj-360	353	1	owoeye	owoeye	NOUN
aeasj-360	353	2	,	,	PUNCT
aeasj-360	353	3	t.	t.	NOUN
aeasj-360	353	4	and	and	CCONJ
aeasj-360	353	5	ogunmakin	ogunmakin	PROPN
aeasj-360	353	6	,	,	PUNCT
aeasj-360	353	7	a.a	a.a	PROPN
aeasj-360	353	8	(	(	PUNCT
aeasj-360	353	9	2013	2013	NUM
aeasj-360	353	10	)	)	PUNCT
aeasj-360	353	11	.	.	PUNCT
aeasj-360	354	1	exchange	exchange	NOUN
aeasj-360	354	2	rate	rate	NOUN
aeasj-360	354	3	fluctuation	fluctuation	NOUN
aeasj-360	354	4	and	and	CCONJ
aeasj-360	354	5	bank	bank	NOUN
aeasj-360	354	6	performance	performance	NOUN
aeasj-360	354	7	in	in	ADP
aeasj-360	354	8	nigeria	nigeria	PROPN
aeasj-360	354	9	.	.	PUNCT
aeasj-360	355	1	asian	asian	ADJ
aeasj-360	355	2	economic	economic	ADJ
aeasj-360	355	3	and	and	CCONJ
aeasj-360	355	4	financial	financial	ADJ
aeasj-360	355	5	review	review	NOUN
aeasj-360	355	6	,	,	PUNCT
aeasj-360	355	7	3(2	3(2	NUM
aeasj-360	355	8	)	)	PUNCT
aeasj-360	355	9	,	,	PUNCT
aeasj-360	355	10	178	178	NUM
aeasj-360	355	11	-	-	SYM
aeasj-360	355	12	185	185	NUM
aeasj-360	355	13	.	.	PUNCT
aeasj-360	356	1	rasaq	rasaq	NOUN
aeasj-360	356	2	,	,	PUNCT
aeasj-360	356	3	a.	a.	PROPN
aeasj-360	356	4	d.	d.	PROPN
aeasj-360	356	5	(	(	PUNCT
aeasj-360	356	6	2012	2012	NUM
aeasj-360	356	7	)	)	PUNCT
aeasj-360	356	8	.	.	PUNCT
aeasj-360	357	1	the	the	DET
aeasj-360	357	2	impact	impact	NOUN
aeasj-360	357	3	of	of	ADP
aeasj-360	357	4	exchange	exchange	NOUN
aeasj-360	357	5	rate	rate	NOUN
aeasj-360	357	6	volatility	volatility	NOUN
aeasj-360	357	7	on	on	ADP
aeasj-360	357	8	the	the	DET
aeasj-360	357	9	macroeconomic	macroeconomic	ADJ
aeasj-360	357	10	variables	variable	NOUN
aeasj-360	357	11	in	in	ADP
aeasj-360	357	12	nigeria	nigeria	PROPN
aeasj-360	357	13	.	.	PUNCT
aeasj-360	358	1	european	european	ADJ
aeasj-360	358	2	scientific	scientific	ADJ
aeasj-360	358	3	journal,9	journal,9	NOUN
aeasj-360	358	4	(	(	PUNCT
aeasj-360	358	5	7	7	NUM
aeasj-360	358	6	)	)	PUNCT
aeasj-360	358	7	,	,	PUNCT
aeasj-360	358	8	152	152	NUM
aeasj-360	358	9	-	-	SYM
aeasj-360	358	10	165	165	NUM
aeasj-360	358	11	.	.	PUNCT
aeasj-360	359	1	rohan	rohan	PROPN
aeasj-360	359	2	,	,	PUNCT
aeasj-360	359	3	w.	w.	PROPN
aeasj-360	359	4	(	(	PUNCT
aeasj-360	359	5	2001	2001	NUM
aeasj-360	359	6	)	)	PUNCT
aeasj-360	359	7	exchange	exchange	NOUN
aeasj-360	359	8	rate	rate	NOUN
aeasj-360	359	9	exposure	exposure	NOUN
aeasj-360	359	10	and	and	CCONJ
aeasj-360	359	11	competition	competition	NOUN
aeasj-360	359	12	:	:	PUNCT
aeasj-360	359	13	evidence	evidence	NOUN
aeasj-360	359	14	from	from	ADP
aeasj-360	359	15	the	the	DET
aeasj-360	359	16	automotive	automotive	ADJ
aeasj-360	359	17	industry	industry	NOUN
aeasj-360	359	18	.	.	PUNCT
aeasj-360	360	1	journal	journal	PROPN
aeasj-360	360	2	of	of	ADP
aeasj-360	360	3	financial	financial	ADJ
aeasj-360	360	4	economics	economic	NOUN
aeasj-360	360	5	,	,	PUNCT
aeasj-360	360	6	5(9	5(9	NUM
aeasj-360	360	7	)	)	PUNCT
aeasj-360	360	8	,	,	PUNCT
aeasj-360	360	9	441475	441475	NUM
aeasj-360	360	10	.	.	PUNCT
aeasj-360	361	1	serve	serve	VERB
aeasj-360	361	2	,	,	PUNCT
aeasj-360	361	3	n.	n.	PROPN
aeasj-360	361	4	l	l	PROPN
aeasj-360	361	5	(	(	PUNCT
aeasj-360	361	6	2003	2003	NUM
aeasj-360	361	7	)	)	PUNCT
aeasj-360	361	8	.	.	PUNCT
aeasj-360	362	1	real	real	ADJ
aeasj-360	362	2	-	-	PUNCT
aeasj-360	362	3	exchange	exchange	NOUN
aeasj-360	362	4	-	-	PUNCT
aeasj-360	362	5	rate	rate	NOUN
aeasj-360	362	6	uncertainty	uncertainty	NOUN
aeasj-360	362	7	and	and	CCONJ
aeasj-360	362	8	private	private	ADJ
aeasj-360	362	9	investment	investment	NOUN
aeasj-360	362	10	in	in	ADP
aeasj-360	362	11	ldcs.the	ldcs.the	DET
aeasj-360	362	12	review	review	NOUN
aeasj-360	362	13	of	of	ADP
aeasj-360	362	14	economics	economic	NOUN
aeasj-360	362	15	and	and	CCONJ
aeasj-360	362	16	statistics	statistic	NOUN
aeasj-360	362	17	,	,	PUNCT
aeasj-360	362	18	85(1	85(1	NOUN
aeasj-360	362	19	)	)	PUNCT
aeasj-360	362	20	,	,	PUNCT
aeasj-360	362	21	212–218	212–218	NUM
aeasj-360	362	22	.	.	PUNCT
aeasj-360	363	1	umoru	umoru	PROPN
aeasj-360	363	2	,	,	PUNCT
aeasj-360	363	3	d.	d.	PROPN
aeasj-360	363	4	&	&	CCONJ
aeasj-360	363	5	odegba	odegba	PROPN
aeasj-360	363	6	,	,	PUNCT
aeasj-360	363	7	o.p	o.p	PROPN
aeasj-360	363	8	.	.	PROPN
aeasj-360	363	9	,	,	PUNCT
aeasj-360	363	10	(	(	PUNCT
aeasj-360	363	11	2013	2013	NUM
aeasj-360	363	12	)	)	PUNCT
aeasj-360	363	13	.	.	PUNCT
aeasj-360	364	1	exchange	exchange	NOUN
aeasj-360	364	2	rate	rate	NOUN
aeasj-360	364	3	misalignment	misalignment	NOUN
aeasj-360	364	4	and	and	CCONJ
aeasj-360	364	5	balance	balance	NOUN
aeasj-360	364	6	of	of	ADP
aeasj-360	364	7	payment	payment	NOUN
aeasj-360	364	8	adjustment	adjustment	NOUN
aeasj-360	364	9	in	in	ADP
aeasj-360	364	10	nigeria	nigeria	PROPN
aeasj-360	364	11	.	.	PUNCT
aeasj-360	365	1	european	european	ADJ
aeasj-360	365	2	scientific	scientific	ADJ
aeasj-360	365	3	journal	journal	NOUN
aeasj-360	365	4	,	,	PUNCT
aeasj-360	365	5	9	9	NUM
aeasj-360	365	6	(	(	PUNCT
aeasj-360	365	7	13	13	NUM
aeasj-360	365	8	)	)	PUNCT
aeasj-360	365	9	,	,	PUNCT
aeasj-360	365	10	260	260	NUM
aeasj-360	365	11	-	-	SYM
aeasj-360	365	12	273	273	NUM
aeasj-360	365	13	.	.	PUNCT
aeasj-360	366	1	unugbro	unugbro	PROPN
aeasj-360	366	2	,	,	PUNCT
aeasj-360	366	3	a.o	a.o	PROPN
aeasj-360	366	4	.	.	PROPN
aeasj-360	366	5	(	(	PUNCT
aeasj-360	366	6	2007	2007	NUM
aeasj-360	366	7	)	)	PUNCT
aeasj-360	366	8	.	.	PUNCT
aeasj-360	367	1	the	the	DET
aeasj-360	367	2	impact	impact	NOUN
aeasj-360	367	3	of	of	ADP
aeasj-360	367	4	exchange	exchange	NOUN
aeasj-360	367	5	rate	rate	NOUN
aeasj-360	367	6	fluctuation	fluctuation	NOUN
aeasj-360	367	7	on	on	ADP
aeasj-360	367	8	capital	capital	ADJ
aeasj-360	367	9	inflow	inflow	NOUN
aeasj-360	367	10	:	:	PUNCT
aeasj-360	367	11	the	the	DET
aeasj-360	367	12	nigerian	nigerian	ADJ
aeasj-360	367	13	experience	experience	NOUN
aeasj-360	367	14	1980	1980	NUM
aeasj-360	367	15	–	–	PUNCT
aeasj-360	367	16	2003	2003	NUM
aeasj-360	367	17	.	.	PUNCT
aeasj-360	368	1	the	the	DET
aeasj-360	368	2	nigerian	nigerian	ADJ
aeasj-360	368	3	academic	academic	ADJ
aeasj-360	368	4	forum,13	forum,13	NOUN
aeasj-360	368	5	(	(	PUNCT
aeasj-360	368	6	2	2	NUM
aeasj-360	368	7	)	)	PUNCT
aeasj-360	368	8	,	,	PUNCT
aeasj-360	368	9	12	12	NUM
aeasj-360	368	10	18	18	NUM
aeasj-360	368	11	.	.	PUNCT
aeasj-360	369	1	yaqub	yaqub	PROPN
aeasj-360	369	2	,	,	PUNCT
aeasj-360	369	3	j.o	j.o	PROPN
aeasj-360	369	4	.	.	PROPN
aeasj-360	369	5	(	(	PUNCT
aeasj-360	369	6	2010	2010	NUM
aeasj-360	369	7	)	)	PUNCT
aeasj-360	369	8	.	.	PUNCT
aeasj-360	370	1	exchange	exchange	NOUN
aeasj-360	370	2	rate	rate	NOUN
aeasj-360	370	3	changes	change	NOUN
aeasj-360	370	4	and	and	CCONJ
aeasj-360	370	5	output	output	NOUN
aeasj-360	370	6	performance	performance	NOUN
aeasj-360	370	7	in	in	ADP
aeasj-360	370	8	nigeria	nigeria	PROPN
aeasj-360	370	9	:	:	PUNCT
aeasj-360	370	10	a	a	DET
aeasj-360	370	11	sectorial	sectorial	ADJ
aeasj-360	370	12	analysis	analysis	NOUN
aeasj-360	370	13	.	.	PUNCT
aeasj-360	371	1	pakistan	pakistan	PROPN
aeasj-360	371	2	journal	journal	PROPN
aeasj-360	371	3	of	of	ADP
aeasj-360	371	4	social	social	ADJ
aeasj-360	371	5	sciences,7(5	sciences,7(5	NOUN
aeasj-360	371	6	)	)	PUNCT
aeasj-360	371	7	,	,	PUNCT
aeasj-360	371	8	12	12	NUM
aeasj-360	371	9	-	-	SYM
aeasj-360	371	10	19	19	NUM
aeasj-360	371	11	.	.	PUNCT
aeasj-360	372	1	copyrights	copyright	VERB
aeasj-360	372	2	copyright	copyright	NOUN
aeasj-360	372	3	for	for	ADP
aeasj-360	372	4	this	this	DET
aeasj-360	372	5	article	article	NOUN
aeasj-360	372	6	is	be	AUX
aeasj-360	372	7	retained	retain	VERB
aeasj-360	372	8	by	by	ADP
aeasj-360	372	9	the	the	DET
aeasj-360	372	10	author(s	author(s	PROPN
aeasj-360	372	11	)	)	PUNCT
aeasj-360	372	12	,	,	PUNCT
aeasj-360	372	13	with	with	ADP
aeasj-360	372	14	first	first	ADJ
aeasj-360	372	15	publication	publication	NOUN
aeasj-360	372	16	rights	right	NOUN
aeasj-360	372	17	granted	grant	VERB
aeasj-360	372	18	to	to	ADP
aeasj-360	372	19	the	the	DET
aeasj-360	372	20	journal	journal	NOUN
aeasj-360	372	21	.	.	PUNCT
aeasj-360	373	1	this	this	PRON
aeasj-360	373	2	is	be	AUX
aeasj-360	373	3	an	an	DET
aeasj-360	373	4	open	open	ADJ
aeasj-360	373	5	-	-	PUNCT
aeasj-360	373	6	access	access	NOUN
aeasj-360	373	7	article	article	NOUN
aeasj-360	373	8	distributed	distribute	VERB
aeasj-360	373	9	under	under	ADP
aeasj-360	373	10	the	the	DET
aeasj-360	373	11	terms	term	NOUN
aeasj-360	373	12	and	and	CCONJ
aeasj-360	373	13	conditions	condition	NOUN
aeasj-360	373	14	of	of	ADP
aeasj-360	373	15	the	the	DET
aeasj-360	373	16	creative	creative	ADJ
aeasj-360	373	17	commons	common	NOUN
aeasj-360	373	18	attribution	attribution	NOUN
aeasj-360	373	19	license	license	NOUN
aeasj-360	373	20	(	(	PUNCT
aeasj-360	373	21	http://creativecommons.org/licenses/by/4.0/	http://creativecommons.org/licenses/by/4.0/	PROPN
aeasj-360	373	22	)	)	PUNCT
aeasj-360	373	23	.	.	PUNCT