id	sid	tid	token	lemma	pos
arjefm-1156	1	1	american	american	PROPN
arjefm-1156	1	2	research	research	PROPN
arjefm-1156	1	3	journal	journal	PROPN
arjefm-1156	1	4	of	of	ADP
arjefm-1156	1	5	economics	economic	NOUN
arjefm-1156	1	6	,	,	PUNCT
arjefm-1156	1	7	finance	finance	NOUN
arjefm-1156	1	8	and	and	CCONJ
arjefm-1156	1	9	management	management	NOUN
arjefm-1156	1	10	volume	volume	NOUN
arjefm-1156	1	11	13	13	NUM
arjefm-1156	1	12	issue	issue	NOUN
arjefm-1156	1	13	1	1	NUM
arjefm-1156	1	14	,	,	PUNCT
arjefm-1156	1	15	january	january	PROPN
arjefm-1156	1	16	-	-	PUNCT
arjefm-1156	1	17	march	march	PROPN
arjefm-1156	1	18	2025	2025	NUM
arjefm-1156	1	19	issn	issn	NOUN
arjefm-1156	1	20	:	:	PUNCT
arjefm-1156	1	21	2836	2836	NUM
arjefm-1156	1	22	-	-	SYM
arjefm-1156	1	23	9416	9416	NUM
arjefm-1156	1	24	impact	impact	NOUN
arjefm-1156	1	25	factor	factor	NOUN
arjefm-1156	1	26	:	:	PUNCT
arjefm-1156	1	27	6.41	6.41	NUM
arjefm-1156	1	28	journal	journal	NOUN
arjefm-1156	1	29	homepage	homepage	NOUN
arjefm-1156	1	30	:	:	PUNCT
arjefm-1156	1	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	1	32	,	,	PUNCT
arjefm-1156	1	33	email	email	NOUN
arjefm-1156	1	34	:	:	PUNCT
arjefm-1156	1	35	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1156	1	36	official	official	ADJ
arjefm-1156	1	37	journal	journal	PROPN
arjefm-1156	1	38	of	of	ADP
arjefm-1156	1	39	america	america	PROPN
arjefm-1156	1	40	serial	serial	PROPN
arjefm-1156	1	41	publication	publication	NOUN
arjefm-1156	1	42	american	american	PROPN
arjefm-1156	1	43	research	research	PROPN
arjefm-1156	1	44	journal	journal	PROPN
arjefm-1156	1	45	of	of	ADP
arjefm-1156	1	46	economics	economic	NOUN
arjefm-1156	1	47	,	,	PUNCT
arjefm-1156	1	48	finance	finance	NOUN
arjefm-1156	1	49	and	and	CCONJ
arjefm-1156	1	50	management	management	NOUN
arjefm-1156	1	51	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	1	52	,	,	PUNCT
arjefm-1156	1	53	email	email	NOUN
arjefm-1156	1	54	:	:	PUNCT
arjefm-1156	1	55	contact@americaserial.com	contact@americaserial.com	X
arjefm-1156	2	1	44	44	NUM
arjefm-1156	3	1	|	|	ADV
arjefm-1156	3	2	p	p	X
arjefm-1156	3	3	a	a	DET
arjefm-1156	3	4	g	g	NOUN
arjefm-1156	3	5	e	e	NOUN
arjefm-1156	3	6	effects	effect	NOUN
arjefm-1156	3	7	of	of	ADP
arjefm-1156	3	8	dollarization	dollarization	NOUN
arjefm-1156	3	9	on	on	ADP
arjefm-1156	3	10	consumption	consumption	NOUN
arjefm-1156	3	11	and	and	CCONJ
arjefm-1156	3	12	balance	balance	NOUN
arjefm-1156	3	13	of	of	ADP
arjefm-1156	3	14	payment	payment	NOUN
arjefm-1156	3	15	expenditure	expenditure	NOUN
arjefm-1156	3	16	in	in	ADP
arjefm-1156	3	17	nigeria	nigeria	PROPN
arjefm-1156	3	18	1dr	1dr	NOUN
arjefm-1156	3	19	.	.	PUNCT
arjefm-1156	4	1	saviour	saviour	PROPN
arjefm-1156	4	2	sebastian	sebastian	PROPN
arjefm-1156	4	3	udo	udo	PROPN
arjefm-1156	4	4	and	and	CCONJ
arjefm-1156	4	5	1mr	1mr	NOUN
arjefm-1156	4	6	.	.	PUNCT
arjefm-1156	5	1	james	james	PROPN
arjefm-1156	5	2	uffot	uffot	PROPN
arjefm-1156	5	3	james	james	PROPN
arjefm-1156	5	4	1department	1department	NUM
arjefm-1156	5	5	of	of	ADP
arjefm-1156	5	6	economics	economic	NOUN
arjefm-1156	5	7	,	,	PUNCT
arjefm-1156	5	8	akwa	akwa	ADJ
arjefm-1156	5	9	ibom	ibom	ADJ
arjefm-1156	5	10	state	state	NOUN
arjefm-1156	5	11	college	college	NOUN
arjefm-1156	5	12	of	of	ADP
arjefm-1156	5	13	education	education	NOUN
arjefm-1156	5	14	,	,	PUNCT
arjefm-1156	5	15	afaha	afaha	NOUN
arjefm-1156	5	16	nsit	nsit	NOUN
arjefm-1156	5	17	,	,	PUNCT
arjefm-1156	5	18	akwa	akwa	ADJ
arjefm-1156	5	19	ibom	ibom	ADJ
arjefm-1156	5	20	state	state	NOUN
arjefm-1156	5	21	,	,	PUNCT
arjefm-1156	5	22	nigeria	nigeria	PROPN
arjefm-1156	5	23	sasedo2016@mail.com	sasedo2016@mail.com	PUNCT
arjefm-1156	6	1	doi	doi	PROPN
arjefm-1156	6	2	:	:	PUNCT
arjefm-1156	6	3	https://doi.org/10.5281/zenodo.14871085	https://doi.org/10.5281/zenodo.14871085	X
arjefm-1156	6	4	abstract	abstract	NOUN
arjefm-1156	6	5	:	:	PUNCT
arjefm-1156	6	6	the	the	DET
arjefm-1156	6	7	study	study	NOUN
arjefm-1156	6	8	examined	examine	VERB
arjefm-1156	6	9	the	the	DET
arjefm-1156	6	10	impacts	impact	NOUN
arjefm-1156	6	11	of	of	ADP
arjefm-1156	6	12	dollarization	dollarization	NOUN
arjefm-1156	6	13	on	on	ADP
arjefm-1156	6	14	bop	bop	NOUN
arjefm-1156	6	15	and	and	CCONJ
arjefm-1156	6	16	consumption	consumption	NOUN
arjefm-1156	6	17	expenditure	expenditure	NOUN
arjefm-1156	6	18	in	in	ADP
arjefm-1156	6	19	nigeria	nigeria	PROPN
arjefm-1156	6	20	.	.	PUNCT
arjefm-1156	7	1	consequently	consequently	ADV
arjefm-1156	7	2	,	,	PUNCT
arjefm-1156	7	3	specific	specific	ADJ
arjefm-1156	7	4	objectives	objective	NOUN
arjefm-1156	7	5	were	be	AUX
arjefm-1156	7	6	formulated	formulate	VERB
arjefm-1156	7	7	as	as	SCONJ
arjefm-1156	7	8	follows	follow	VERB
arjefm-1156	7	9	:	:	PUNCT
arjefm-1156	7	10	accessing	access	VERB
arjefm-1156	7	11	the	the	DET
arjefm-1156	7	12	impact	impact	NOUN
arjefm-1156	7	13	of	of	ADP
arjefm-1156	7	14	dollarization	dollarization	NOUN
arjefm-1156	7	15	on	on	ADP
arjefm-1156	7	16	balance	balance	NOUN
arjefm-1156	7	17	of	of	ADP
arjefm-1156	7	18	payment	payment	NOUN
arjefm-1156	7	19	position	position	NOUN
arjefm-1156	7	20	in	in	ADP
arjefm-1156	7	21	nigeria	nigeria	PROPN
arjefm-1156	7	22	and	and	CCONJ
arjefm-1156	7	23	examining	examine	VERB
arjefm-1156	7	24	the	the	DET
arjefm-1156	7	25	impact	impact	NOUN
arjefm-1156	7	26	of	of	ADP
arjefm-1156	7	27	dollarization	dollarization	NOUN
arjefm-1156	7	28	on	on	ADP
arjefm-1156	7	29	consumption	consumption	NOUN
arjefm-1156	7	30	expenditure	expenditure	NOUN
arjefm-1156	7	31	in	in	ADP
arjefm-1156	7	32	nigeria	nigeria	PROPN
arjefm-1156	7	33	.	.	PUNCT
arjefm-1156	8	1	since	since	SCONJ
arjefm-1156	8	2	the	the	DET
arjefm-1156	8	3	data	datum	NOUN
arjefm-1156	8	4	were	be	AUX
arjefm-1156	8	5	time	time	NOUN
arjefm-1156	8	6	series	series	PROPN
arjefm-1156	8	7	data	data	PROPN
arjefm-1156	8	8	,	,	PUNCT
arjefm-1156	8	9	they	they	PRON
arjefm-1156	8	10	were	be	AUX
arjefm-1156	8	11	subjected	subject	VERB
arjefm-1156	8	12	to	to	ADP
arjefm-1156	8	13	adf	adf	PROPN
arjefm-1156	8	14	test	test	NOUN
arjefm-1156	8	15	to	to	PART
arjefm-1156	8	16	ascertain	ascertain	VERB
arjefm-1156	8	17	the	the	DET
arjefm-1156	8	18	level	level	NOUN
arjefm-1156	8	19	of	of	ADP
arjefm-1156	8	20	stationarity	stationarity	NOUN
arjefm-1156	8	21	and	and	CCONJ
arjefm-1156	8	22	the	the	DET
arjefm-1156	8	23	result	result	NOUN
arjefm-1156	8	24	shows	show	VERB
arjefm-1156	8	25	mixed	mixed	ADJ
arjefm-1156	8	26	order	order	NOUN
arjefm-1156	8	27	of	of	ADP
arjefm-1156	8	28	integration	integration	NOUN
arjefm-1156	8	29	(	(	PUNCT
arjefm-1156	8	30	order	order	NOUN
arjefm-1156	8	31	zero	zero	NUM
arjefm-1156	8	32	and	and	CCONJ
arjefm-1156	8	33	one	one	NUM
arjefm-1156	8	34	)	)	PUNCT
arjefm-1156	8	35	.	.	PUNCT
arjefm-1156	9	1	based	base	VERB
arjefm-1156	9	2	on	on	ADP
arjefm-1156	9	3	this	this	DET
arjefm-1156	9	4	scenario	scenario	NOUN
arjefm-1156	9	5	,	,	PUNCT
arjefm-1156	9	6	the	the	DET
arjefm-1156	9	7	study	study	NOUN
arjefm-1156	9	8	decides	decide	VERB
arjefm-1156	9	9	to	to	PART
arjefm-1156	9	10	estimate	estimate	VERB
arjefm-1156	9	11	the	the	DET
arjefm-1156	9	12	equations	equation	NOUN
arjefm-1156	9	13	using	use	VERB
arjefm-1156	9	14	the	the	DET
arjefm-1156	9	15	autoregressive	autoregressive	ADJ
arjefm-1156	9	16	distr	distr	NOUN
arjefm-1156	9	17	ibutive	ibutive	NOUN
arjefm-1156	9	18	lag	lag	NOUN
arjefm-1156	9	19	(	(	PUNCT
arjefm-1156	9	20	ardl	ardl	NOUN
arjefm-1156	9	21	)	)	PUNCT
arjefm-1156	9	22	co	co	NOUN
arjefm-1156	9	23	-	-	NOUN
arjefm-1156	9	24	integration	integration	NOUN
arjefm-1156	9	25	technique	technique	NOUN
arjefm-1156	9	26	.	.	PUNCT
arjefm-1156	10	1	the	the	DET
arjefm-1156	10	2	result	result	NOUN
arjefm-1156	10	3	shows	show	VERB
arjefm-1156	10	4	a	a	DET
arjefm-1156	10	5	positive	positive	ADJ
arjefm-1156	10	6	impact	impact	NOUN
arjefm-1156	10	7	of	of	ADP
arjefm-1156	10	8	dollarization	dollarization	NOUN
arjefm-1156	10	9	on	on	ADP
arjefm-1156	10	10	balance	balance	NOUN
arjefm-1156	10	11	of	of	ADP
arjefm-1156	10	12	payments	payment	NOUN
arjefm-1156	10	13	.	.	PUNCT
arjefm-1156	11	1	the	the	DET
arjefm-1156	11	2	result	result	NOUN
arjefm-1156	11	3	also	also	ADV
arjefm-1156	11	4	shows	show	VERB
arjefm-1156	11	5	that	that	SCONJ
arjefm-1156	11	6	domestic	domestic	ADJ
arjefm-1156	11	7	interest	interest	NOUN
arjefm-1156	11	8	rate	rate	NOUN
arjefm-1156	11	9	and	and	CCONJ
arjefm-1156	11	10	exchange	exchange	NOUN
arjefm-1156	11	11	rate	rate	NOUN
arjefm-1156	11	12	have	have	VERB
arjefm-1156	11	13	positive	positive	ADJ
arjefm-1156	11	14	and	and	CCONJ
arjefm-1156	11	15	significant	significant	ADJ
arjefm-1156	11	16	impact	impact	NOUN
arjefm-1156	11	17	on	on	ADP
arjefm-1156	11	18	balance	balance	NOUN
arjefm-1156	11	19	of	of	ADP
arjefm-1156	11	20	payment	payment	NOUN
arjefm-1156	11	21	.	.	PUNCT
arjefm-1156	12	1	this	this	PRON
arjefm-1156	12	2	means	mean	VERB
arjefm-1156	12	3	,	,	PUNCT
arjefm-1156	12	4	an	an	DET
arjefm-1156	12	5	increase	increase	NOUN
arjefm-1156	12	6	in	in	ADP
arjefm-1156	12	7	exchange	exchange	NOUN
arjefm-1156	12	8	rate	rate	NOUN
arjefm-1156	12	9	has	have	VERB
arjefm-1156	12	10	severe	severe	ADJ
arjefm-1156	12	11	impact	impact	NOUN
arjefm-1156	12	12	on	on	ADP
arjefm-1156	12	13	balance	balance	NOUN
arjefm-1156	12	14	of	of	ADP
arjefm-1156	12	15	payments	payment	NOUN
arjefm-1156	12	16	as	as	SCONJ
arjefm-1156	12	17	indicated	indicate	VERB
arjefm-1156	12	18	by	by	ADP
arjefm-1156	12	19	the	the	DET
arjefm-1156	12	20	coefficients	coefficient	NOUN
arjefm-1156	12	21	of	of	ADP
arjefm-1156	12	22	the	the	DET
arjefm-1156	12	23	variable	variable	NOUN
arjefm-1156	12	24	in	in	ADP
arjefm-1156	12	25	the	the	DET
arjefm-1156	12	26	short	short	ADJ
arjefm-1156	12	27	run	run	NOUN
arjefm-1156	12	28	.	.	PUNCT
arjefm-1156	13	1	the	the	DET
arjefm-1156	13	2	statistical	statistical	ADJ
arjefm-1156	13	3	significance	significance	NOUN
arjefm-1156	13	4	of	of	ADP
arjefm-1156	13	5	the	the	DET
arjefm-1156	13	6	variable	variable	NOUN
arjefm-1156	13	7	further	far	ADV
arjefm-1156	13	8	confirmed	confirm	VERB
arjefm-1156	13	9	its	its	PRON
arjefm-1156	13	10	impact	impact	NOUN
arjefm-1156	13	11	on	on	ADP
arjefm-1156	13	12	the	the	DET
arjefm-1156	13	13	balance	balance	NOUN
arjefm-1156	13	14	of	of	ADP
arjefm-1156	13	15	payments	payment	NOUN
arjefm-1156	13	16	.	.	PUNCT
arjefm-1156	14	1	from	from	ADP
arjefm-1156	14	2	the	the	DET
arjefm-1156	14	3	outcome	outcome	NOUN
arjefm-1156	14	4	of	of	ADP
arjefm-1156	14	5	the	the	DET
arjefm-1156	14	6	consumption	consumption	NOUN
arjefm-1156	14	7	expenditure	expenditure	NOUN
arjefm-1156	14	8	equation	equation	NOUN
arjefm-1156	14	9	,	,	PUNCT
arjefm-1156	14	10	dollarization	dollarization	NOUN
arjefm-1156	14	11	has	have	VERB
arjefm-1156	14	12	both	both	CCONJ
arjefm-1156	14	13	positive	positive	ADJ
arjefm-1156	14	14	and	and	CCONJ
arjefm-1156	14	15	negative	negative	ADJ
arjefm-1156	14	16	impact	impact	NOUN
arjefm-1156	14	17	on	on	ADP
arjefm-1156	14	18	consumption	consumption	NOUN
arjefm-1156	14	19	expenditure	expenditure	NOUN
arjefm-1156	14	20	.	.	PUNCT
arjefm-1156	15	1	this	this	PRON
arjefm-1156	15	2	is	be	AUX
arjefm-1156	15	3	as	as	ADP
arjefm-1156	15	4	a	a	DET
arjefm-1156	15	5	result	result	NOUN
arjefm-1156	15	6	of	of	ADP
arjefm-1156	15	7	the	the	DET
arjefm-1156	15	8	fact	fact	NOUN
arjefm-1156	15	9	that	that	SCONJ
arjefm-1156	15	10	most	most	ADJ
arjefm-1156	15	11	of	of	ADP
arjefm-1156	15	12	the	the	DET
arjefm-1156	15	13	consumer	consumer	NOUN
arjefm-1156	15	14	goods	good	NOUN
arjefm-1156	15	15	in	in	ADP
arjefm-1156	15	16	nigeria	nigeria	PROPN
arjefm-1156	15	17	are	be	AUX
arjefm-1156	15	18	made	make	VERB
arjefm-1156	15	19	of	of	ADP
arjefm-1156	15	20	imported	import	VERB
arjefm-1156	15	21	foreign	foreign	ADJ
arjefm-1156	15	22	goods	good	NOUN
arjefm-1156	15	23	and	and	CCONJ
arjefm-1156	15	24	as	as	SCONJ
arjefm-1156	15	25	exchange	exchange	NOUN
arjefm-1156	15	26	rate	rate	NOUN
arjefm-1156	15	27	falls	fall	VERB
arjefm-1156	15	28	consumption	consumption	NOUN
arjefm-1156	15	29	expenditure	expenditure	NOUN
arjefm-1156	15	30	falls	fall	VERB
arjefm-1156	15	31	.	.	PUNCT
arjefm-1156	16	1	the	the	DET
arjefm-1156	16	2	inflation	inflation	NOUN
arjefm-1156	16	3	rate	rate	NOUN
arjefm-1156	16	4	does	do	AUX
arjefm-1156	16	5	not	not	PART
arjefm-1156	16	6	have	have	VERB
arjefm-1156	16	7	a	a	DET
arjefm-1156	16	8	statistically	statistically	ADV
arjefm-1156	16	9	significant	significant	ADJ
arjefm-1156	16	10	impact	impact	NOUN
arjefm-1156	16	11	on	on	ADP
arjefm-1156	16	12	consumption	consumption	NOUN
arjefm-1156	16	13	because	because	SCONJ
arjefm-1156	16	14	if	if	SCONJ
arjefm-1156	16	15	consumers	consumer	NOUN
arjefm-1156	16	16	expect	expect	VERB
arjefm-1156	16	17	that	that	SCONJ
arjefm-1156	16	18	prices	price	NOUN
arjefm-1156	16	19	will	will	AUX
arjefm-1156	16	20	rise	rise	VERB
arjefm-1156	16	21	in	in	ADP
arjefm-1156	16	22	the	the	DET
arjefm-1156	16	23	near	near	ADJ
arjefm-1156	16	24	future	future	NOUN
arjefm-1156	16	25	;	;	PUNCT
arjefm-1156	16	26	they	they	PRON
arjefm-1156	16	27	hasten	hasten	VERB
arjefm-1156	16	28	to	to	PART
arjefm-1156	16	29	spend	spend	VERB
arjefm-1156	16	30	large	large	ADJ
arjefm-1156	16	31	sum	sum	NOUN
arjefm-1156	16	32	out	out	ADP
arjefm-1156	16	33	of	of	ADP
arjefm-1156	16	34	a	a	DET
arjefm-1156	16	35	given	give	VERB
arjefm-1156	16	36	income	income	NOUN
arjefm-1156	16	37	to	to	PART
arjefm-1156	16	38	take	take	VERB
arjefm-1156	16	39	advantage	advantage	NOUN
arjefm-1156	16	40	of	of	ADP
arjefm-1156	16	41	current	current	ADJ
arjefm-1156	16	42	low	low	ADJ
arjefm-1156	16	43	prices	price	NOUN
arjefm-1156	16	44	.	.	PUNCT
arjefm-1156	17	1	mailto:sasedo2016@mail.com	mailto:sasedo2016@mail.com	X
arjefm-1156	17	2	https://doi.org/10.5281/zenodo.14870639	https://doi.org/10.5281/zenodo.14870639	PROPN
arjefm-1156	17	3	american	american	PROPN
arjefm-1156	17	4	research	research	PROPN
arjefm-1156	17	5	journal	journal	PROPN
arjefm-1156	17	6	of	of	ADP
arjefm-1156	17	7	economics	economic	NOUN
arjefm-1156	17	8	,	,	PUNCT
arjefm-1156	17	9	finance	finance	NOUN
arjefm-1156	17	10	and	and	CCONJ
arjefm-1156	17	11	management	management	NOUN
arjefm-1156	17	12	volume	volume	NOUN
arjefm-1156	17	13	13	13	NUM
arjefm-1156	17	14	issue	issue	NOUN
arjefm-1156	17	15	1	1	NUM
arjefm-1156	17	16	,	,	PUNCT
arjefm-1156	17	17	january	january	PROPN
arjefm-1156	17	18	-	-	PUNCT
arjefm-1156	17	19	march	march	PROPN
arjefm-1156	17	20	2025	2025	NUM
arjefm-1156	17	21	issn	issn	NOUN
arjefm-1156	17	22	:	:	PUNCT
arjefm-1156	17	23	2836	2836	NUM
arjefm-1156	17	24	-	-	SYM
arjefm-1156	17	25	9416	9416	NUM
arjefm-1156	17	26	impact	impact	NOUN
arjefm-1156	17	27	factor	factor	NOUN
arjefm-1156	17	28	:	:	PUNCT
arjefm-1156	17	29	6.41	6.41	NUM
arjefm-1156	17	30	journal	journal	NOUN
arjefm-1156	17	31	homepage	homepage	NOUN
arjefm-1156	17	32	:	:	PUNCT
arjefm-1156	17	33	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	17	34	,	,	PUNCT
arjefm-1156	17	35	email	email	NOUN
arjefm-1156	17	36	:	:	PUNCT
arjefm-1156	17	37	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1156	17	38	official	official	ADJ
arjefm-1156	17	39	journal	journal	PROPN
arjefm-1156	17	40	of	of	ADP
arjefm-1156	17	41	america	america	PROPN
arjefm-1156	17	42	serial	serial	PROPN
arjefm-1156	17	43	publication	publication	NOUN
arjefm-1156	17	44	american	american	PROPN
arjefm-1156	17	45	research	research	PROPN
arjefm-1156	17	46	journal	journal	PROPN
arjefm-1156	17	47	of	of	ADP
arjefm-1156	17	48	economics	economic	NOUN
arjefm-1156	17	49	,	,	PUNCT
arjefm-1156	17	50	finance	finance	NOUN
arjefm-1156	17	51	and	and	CCONJ
arjefm-1156	17	52	management	management	NOUN
arjefm-1156	17	53	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	17	54	,	,	PUNCT
arjefm-1156	17	55	email	email	NOUN
arjefm-1156	17	56	:	:	PUNCT
arjefm-1156	17	57	contact@americaserial.com	contact@americaserial.com	X
arjefm-1156	18	1	45	45	NUM
arjefm-1156	19	1	|	|	ADV
arjefm-1156	19	2	p	p	ADP
arjefm-1156	19	3	a	a	DET
arjefm-1156	19	4	g	g	NOUN
arjefm-1156	19	5	e	e	NOUN
arjefm-1156	19	6	keywords	keyword	NOUN
arjefm-1156	19	7	:	:	PUNCT
arjefm-1156	19	8	dollarization	dollarization	NOUN
arjefm-1156	19	9	,	,	PUNCT
arjefm-1156	19	10	balance	balance	NOUN
arjefm-1156	19	11	of	of	ADP
arjefm-1156	19	12	payment	payment	NOUN
arjefm-1156	19	13	,	,	PUNCT
arjefm-1156	19	14	exchange	exchange	NOUN
arjefm-1156	19	15	rate	rate	NOUN
arjefm-1156	19	16	,	,	PUNCT
arjefm-1156	19	17	inflation	inflation	NOUN
arjefm-1156	19	18	rate	rate	NOUN
arjefm-1156	19	19	and	and	CCONJ
arjefm-1156	19	20	consumption	consumption	NOUN
arjefm-1156	19	21	.	.	PUNCT
arjefm-1156	20	1	1.0	1.0	NUM
arjefm-1156	20	2	introduction	introduction	NOUN
arjefm-1156	20	3	in	in	ADP
arjefm-1156	20	4	recent	recent	ADJ
arjefm-1156	20	5	times	time	NOUN
arjefm-1156	20	6	dollarization	dollarization	NOUN
arjefm-1156	20	7	has	have	AUX
arjefm-1156	20	8	almost	almost	ADV
arjefm-1156	20	9	taken	take	VERB
arjefm-1156	20	10	over	over	ADP
arjefm-1156	20	11	the	the	DET
arjefm-1156	20	12	area	area	NOUN
arjefm-1156	20	13	of	of	ADP
arjefm-1156	20	14	economics	economic	NOUN
arjefm-1156	20	15	and	and	CCONJ
arjefm-1156	20	16	many	many	ADJ
arjefm-1156	20	17	institutions	institution	NOUN
arjefm-1156	20	18	like	like	ADP
arjefm-1156	20	19	the	the	DET
arjefm-1156	20	20	central	central	ADJ
arjefm-1156	20	21	banks	bank	NOUN
arjefm-1156	20	22	of	of	ADP
arjefm-1156	20	23	many	many	ADJ
arjefm-1156	20	24	nations	nation	NOUN
arjefm-1156	20	25	.	.	PUNCT
arjefm-1156	21	1	this	this	DET
arjefm-1156	21	2	scenario	scenario	NOUN
arjefm-1156	21	3	has	have	AUX
arjefm-1156	21	4	affected	affect	VERB
arjefm-1156	21	5	macroeconomic	macroeconomic	ADJ
arjefm-1156	21	6	policies	policy	NOUN
arjefm-1156	21	7	of	of	ADP
arjefm-1156	21	8	many	many	ADJ
arjefm-1156	21	9	countries	country	NOUN
arjefm-1156	21	10	.	.	PUNCT
arjefm-1156	22	1	the	the	DET
arjefm-1156	22	2	term	term	NOUN
arjefm-1156	22	3	“	"	PUNCT
arjefm-1156	22	4	dollarization	dollarization	NOUN
arjefm-1156	22	5	”	"	PUNCT
arjefm-1156	22	6	can	can	AUX
arjefm-1156	22	7	also	also	ADV
arjefm-1156	22	8	be	be	AUX
arjefm-1156	22	9	seen	see	VERB
arjefm-1156	22	10	as	as	ADP
arjefm-1156	22	11	the	the	DET
arjefm-1156	22	12	replacement	replacement	NOUN
arjefm-1156	22	13	of	of	ADP
arjefm-1156	22	14	domestic	domestic	ADJ
arjefm-1156	22	15	currency	currency	NOUN
arjefm-1156	22	16	with	with	ADP
arjefm-1156	22	17	foreign	foreign	ADJ
arjefm-1156	22	18	currency	currency	NOUN
arjefm-1156	22	19	mostly	mostly	ADV
arjefm-1156	22	20	dollar	dollar	VERB
arjefm-1156	22	21	so	so	SCONJ
arjefm-1156	22	22	as	as	SCONJ
arjefm-1156	22	23	to	to	PART
arjefm-1156	22	24	ease	ease	VERB
arjefm-1156	22	25	economic	economic	ADJ
arjefm-1156	22	26	dealings	dealing	NOUN
arjefm-1156	22	27	in	in	ADP
arjefm-1156	22	28	an	an	DET
arjefm-1156	22	29	economy	economy	NOUN
arjefm-1156	22	30	by	by	ADP
arjefm-1156	22	31	various	various	ADJ
arjefm-1156	22	32	economic	economic	ADJ
arjefm-1156	22	33	mediators	mediator	NOUN
arjefm-1156	22	34	in	in	ADP
arjefm-1156	22	35	connection	connection	NOUN
arjefm-1156	22	36	with	with	ADP
arjefm-1156	22	37	the	the	DET
arjefm-1156	22	38	level	level	NOUN
arjefm-1156	22	39	of	of	ADP
arjefm-1156	22	40	economic	economic	ADJ
arjefm-1156	22	41	activities	activity	NOUN
arjefm-1156	22	42	.	.	PUNCT
arjefm-1156	23	1	this	this	PRON
arjefm-1156	23	2	can	can	AUX
arjefm-1156	23	3	also	also	ADV
arjefm-1156	23	4	be	be	AUX
arjefm-1156	23	5	referred	refer	VERB
arjefm-1156	23	6	to	to	ADP
arjefm-1156	23	7	currency	currency	NOUN
arjefm-1156	23	8	substitution	substitution	NOUN
arjefm-1156	23	9	(	(	PUNCT
arjefm-1156	23	10	cs	cs	PROPN
arjefm-1156	23	11	)	)	PUNCT
arjefm-1156	23	12	.	.	PUNCT
arjefm-1156	24	1	because	because	SCONJ
arjefm-1156	24	2	of	of	ADP
arjefm-1156	24	3	predominant	predominant	ADJ
arjefm-1156	24	4	and	and	CCONJ
arjefm-1156	24	5	obstinate	obstinate	VERB
arjefm-1156	24	6	macroeconomic	macroeconomic	ADJ
arjefm-1156	24	7	instability	instability	NOUN
arjefm-1156	24	8	in	in	ADP
arjefm-1156	24	9	countries	country	NOUN
arjefm-1156	24	10	of	of	ADP
arjefm-1156	24	11	the	the	DET
arjefm-1156	24	12	world	world	NOUN
arjefm-1156	24	13	,	,	PUNCT
arjefm-1156	24	14	financial	financial	ADJ
arjefm-1156	24	15	institutions	institution	NOUN
arjefm-1156	24	16	,	,	PUNCT
arjefm-1156	24	17	experts	expert	NOUN
arjefm-1156	24	18	and	and	CCONJ
arjefm-1156	24	19	governments	government	NOUN
arjefm-1156	24	20	of	of	ADP
arjefm-1156	24	21	nations	nation	NOUN
arjefm-1156	24	22	resort	resort	VERB
arjefm-1156	24	23	to	to	ADP
arjefm-1156	24	24	guarding	guard	VERB
arjefm-1156	24	25	the	the	DET
arjefm-1156	24	26	actual	actual	ADJ
arjefm-1156	24	27	value	value	NOUN
arjefm-1156	24	28	of	of	ADP
arjefm-1156	24	29	their	their	PRON
arjefm-1156	24	30	wealth	wealth	NOUN
arjefm-1156	24	31	by	by	ADP
arjefm-1156	24	32	increasing	increase	VERB
arjefm-1156	24	33	their	their	PRON
arjefm-1156	24	34	holdings	holding	NOUN
arjefm-1156	24	35	of	of	ADP
arjefm-1156	24	36	foreign	foreign	ADJ
arjefm-1156	24	37	currency	currency	NOUN
arjefm-1156	24	38	.	.	PUNCT
arjefm-1156	25	1	because	because	SCONJ
arjefm-1156	25	2	of	of	ADP
arjefm-1156	25	3	economic	economic	ADJ
arjefm-1156	25	4	imbalances	imbalance	NOUN
arjefm-1156	25	5	between	between	ADP
arjefm-1156	25	6	the	the	DET
arjefm-1156	25	7	developed	developed	ADJ
arjefm-1156	25	8	and	and	CCONJ
arjefm-1156	25	9	less	less	ADV
arjefm-1156	25	10	develop	develop	VERB
arjefm-1156	25	11	nations	nation	NOUN
arjefm-1156	25	12	,	,	PUNCT
arjefm-1156	25	13	most	most	ADJ
arjefm-1156	25	14	transaction	transaction	NOUN
arjefm-1156	25	15	are	be	AUX
arjefm-1156	25	16	done	do	VERB
arjefm-1156	25	17	in	in	ADP
arjefm-1156	25	18	foreign	foreign	ADJ
arjefm-1156	25	19	currency	currency	NOUN
arjefm-1156	25	20	.	.	PUNCT
arjefm-1156	26	1	looking	look	VERB
arjefm-1156	26	2	at	at	ADP
arjefm-1156	26	3	nigeria	nigeria	PROPN
arjefm-1156	26	4	as	as	ADP
arjefm-1156	26	5	a	a	DET
arjefm-1156	26	6	case	case	NOUN
arjefm-1156	26	7	study	study	NOUN
arjefm-1156	26	8	,	,	PUNCT
arjefm-1156	26	9	most	most	ADJ
arjefm-1156	26	10	contracts	contract	NOUN
arjefm-1156	26	11	awarded	award	VERB
arjefm-1156	26	12	by	by	ADP
arjefm-1156	26	13	government	government	NOUN
arjefm-1156	26	14	are	be	AUX
arjefm-1156	26	15	done	do	VERB
arjefm-1156	26	16	in	in	ADP
arjefm-1156	26	17	us	us	PROPN
arjefm-1156	26	18	dollars	dollar	NOUN
arjefm-1156	26	19	and	and	CCONJ
arjefm-1156	26	20	even	even	ADV
arjefm-1156	26	21	some	some	PRON
arjefm-1156	26	22	of	of	ADP
arjefm-1156	26	23	our	our	PRON
arjefm-1156	26	24	ministers	minister	NOUN
arjefm-1156	26	25	were	be	AUX
arjefm-1156	26	26	paid	pay	VERB
arjefm-1156	26	27	in	in	ADP
arjefm-1156	26	28	dollars	dollar	NOUN
arjefm-1156	26	29	.	.	PUNCT
arjefm-1156	27	1	the	the	DET
arjefm-1156	27	2	nigerian	nigerian	ADJ
arjefm-1156	27	3	government	government	NOUN
arjefm-1156	27	4	will	will	AUX
arjefm-1156	27	5	employ	employ	VERB
arjefm-1156	27	6	a	a	DET
arjefm-1156	27	7	foreigner	foreigner	NOUN
arjefm-1156	27	8	and	and	CCONJ
arjefm-1156	27	9	pay	pay	VERB
arjefm-1156	27	10	them	they	PRON
arjefm-1156	27	11	in	in	ADP
arjefm-1156	27	12	dollars	dollar	NOUN
arjefm-1156	27	13	.	.	PUNCT
arjefm-1156	28	1	economic	economic	ADJ
arjefm-1156	28	2	crises	crisis	NOUN
arjefm-1156	28	3	and	and	CCONJ
arjefm-1156	28	4	collapses	collapse	NOUN
arjefm-1156	28	5	in	in	ADP
arjefm-1156	28	6	the	the	DET
arjefm-1156	28	7	domestic	domestic	ADJ
arjefm-1156	28	8	structural	structural	ADJ
arjefm-1156	28	9	economic	economic	ADJ
arjefm-1156	28	10	dynamics	dynamic	NOUN
arjefm-1156	28	11	can	can	AUX
arjefm-1156	28	12	be	be	AUX
arjefm-1156	28	13	caused	cause	VERB
arjefm-1156	28	14	by	by	ADP
arjefm-1156	28	15	currency	currency	NOUN
arjefm-1156	28	16	fluctuations	fluctuation	NOUN
arjefm-1156	28	17	,	,	PUNCT
arjefm-1156	28	18	large	large	ADJ
arjefm-1156	28	19	debt	debt	NOUN
arjefm-1156	28	20	burdens	burden	NOUN
arjefm-1156	28	21	,	,	PUNCT
arjefm-1156	28	22	and	and	CCONJ
arjefm-1156	28	23	unmanaged	unmanaged	ADJ
arjefm-1156	28	24	inflation	inflation	NOUN
arjefm-1156	28	25	rate	rate	NOUN
arjefm-1156	28	26	.	.	PUNCT
arjefm-1156	29	1	from	from	ADP
arjefm-1156	29	2	the	the	DET
arjefm-1156	29	3	above	above	ADJ
arjefm-1156	29	4	illustrations	illustration	NOUN
arjefm-1156	29	5	,	,	PUNCT
arjefm-1156	29	6	macroeconomic	macroeconomic	ADJ
arjefm-1156	29	7	stability	stability	NOUN
arjefm-1156	29	8	controls	control	VERB
arjefm-1156	29	9	interest	interest	NOUN
arjefm-1156	29	10	rate	rate	NOUN
arjefm-1156	29	11	fluctuations	fluctuation	NOUN
arjefm-1156	29	12	.	.	PUNCT
arjefm-1156	30	1	it	it	PRON
arjefm-1156	30	2	is	be	AUX
arjefm-1156	30	3	on	on	ADP
arjefm-1156	30	4	this	this	DET
arjefm-1156	30	5	premise	premise	NOUN
arjefm-1156	30	6	that	that	PRON
arjefm-1156	30	7	piontkovsky	piontkovsky	NOUN
arjefm-1156	30	8	(	(	PUNCT
arjefm-1156	30	9	2003	2003	NUM
arjefm-1156	30	10	)	)	PUNCT
arjefm-1156	30	11	opined	opine	VERB
arjefm-1156	30	12	that	that	SCONJ
arjefm-1156	30	13	the	the	DET
arjefm-1156	30	14	dollarization	dollarization	NOUN
arjefm-1156	30	15	otherwise	otherwise	ADV
arjefm-1156	30	16	known	know	VERB
arjefm-1156	30	17	as	as	ADP
arjefm-1156	30	18	currency	currency	NOUN
arjefm-1156	30	19	substitution	substitution	NOUN
arjefm-1156	30	20	poses	pose	VERB
arjefm-1156	30	21	more	more	ADJ
arjefm-1156	30	22	challenge	challenge	NOUN
arjefm-1156	30	23	to	to	ADP
arjefm-1156	30	24	monetary	monetary	ADJ
arjefm-1156	30	25	authorities	authority	NOUN
arjefm-1156	30	26	in	in	ADP
arjefm-1156	30	27	implementing	implement	VERB
arjefm-1156	30	28	their	their	PRON
arjefm-1156	30	29	goals	goal	NOUN
arjefm-1156	30	30	.	.	PUNCT
arjefm-1156	31	1	this	this	DET
arjefm-1156	31	2	situation	situation	NOUN
arjefm-1156	31	3	will	will	AUX
arjefm-1156	31	4	cause	cause	VERB
arjefm-1156	31	5	financing	financing	NOUN
arjefm-1156	31	6	of	of	ADP
arjefm-1156	31	7	deficit	deficit	NOUN
arjefm-1156	31	8	budget	budget	NOUN
arjefm-1156	31	9	to	to	PART
arjefm-1156	31	10	become	become	VERB
arjefm-1156	31	11	more	more	ADV
arjefm-1156	31	12	inflationary	inflationary	ADJ
arjefm-1156	31	13	.	.	PUNCT
arjefm-1156	32	1	therefore	therefore	ADV
arjefm-1156	32	2	,	,	PUNCT
arjefm-1156	32	3	to	to	PART
arjefm-1156	32	4	bridge	bridge	VERB
arjefm-1156	32	5	the	the	DET
arjefm-1156	32	6	fiscal	fiscal	ADJ
arjefm-1156	32	7	gap	gap	NOUN
arjefm-1156	32	8	it	it	PRON
arjefm-1156	32	9	requires	require	VERB
arjefm-1156	32	10	a	a	DET
arjefm-1156	32	11	higher	high	ADJ
arjefm-1156	32	12	growth	growth	NOUN
arjefm-1156	32	13	of	of	ADP
arjefm-1156	32	14	the	the	DET
arjefm-1156	32	15	monetary	monetary	ADJ
arjefm-1156	32	16	base	base	NOUN
arjefm-1156	32	17	.	.	PUNCT
arjefm-1156	33	1	the	the	DET
arjefm-1156	33	2	way	way	NOUN
arjefm-1156	33	3	the	the	DET
arjefm-1156	33	4	managers	manager	NOUN
arjefm-1156	33	5	of	of	ADP
arjefm-1156	33	6	the	the	DET
arjefm-1156	33	7	economy	economy	NOUN
arjefm-1156	33	8	set	set	VERB
arjefm-1156	33	9	the	the	DET
arjefm-1156	33	10	structure	structure	NOUN
arjefm-1156	33	11	of	of	ADP
arjefm-1156	33	12	dollarization	dollarization	NOUN
arjefm-1156	33	13	,	,	PUNCT
arjefm-1156	33	14	makes	make	VERB
arjefm-1156	33	15	it	it	PRON
arjefm-1156	33	16	more	more	ADV
arjefm-1156	33	17	interesting	interesting	ADJ
arjefm-1156	33	18	.	.	PUNCT
arjefm-1156	34	1	this	this	PRON
arjefm-1156	34	2	is	be	AUX
arjefm-1156	34	3	to	to	PART
arjefm-1156	34	4	say	say	VERB
arjefm-1156	34	5	,	,	PUNCT
arjefm-1156	34	6	the	the	DET
arjefm-1156	34	7	turning	turning	NOUN
arjefm-1156	34	8	of	of	ADP
arjefm-1156	34	9	many	many	ADJ
arjefm-1156	34	10	economies	economy	NOUN
arjefm-1156	34	11	to	to	PART
arjefm-1156	34	12	see	see	VERB
arjefm-1156	34	13	dollar	dollar	NOUN
arjefm-1156	34	14	as	as	ADP
arjefm-1156	34	15	the	the	DET
arjefm-1156	34	16	only	only	ADJ
arjefm-1156	34	17	currency	currency	NOUN
arjefm-1156	34	18	that	that	PRON
arjefm-1156	34	19	keep	keep	VERB
arjefm-1156	34	20	an	an	DET
arjefm-1156	34	21	economy	economy	NOUN
arjefm-1156	34	22	growing	grow	VERB
arjefm-1156	34	23	,	,	PUNCT
arjefm-1156	34	24	makes	make	VERB
arjefm-1156	34	25	the	the	DET
arjefm-1156	34	26	macroeconomic	macroeconomic	ADJ
arjefm-1156	34	27	atmosphere	atmosphere	NOUN
arjefm-1156	34	28	defective	defective	ADJ
arjefm-1156	34	29	in	in	ADP
arjefm-1156	34	30	most	most	ADV
arjefm-1156	34	31	unindustrialized	unindustrialized	ADJ
arjefm-1156	34	32	economies	economy	NOUN
arjefm-1156	34	33	.	.	PUNCT
arjefm-1156	35	1	worthy	worthy	ADJ
arjefm-1156	35	2	of	of	ADP
arjefm-1156	35	3	note	note	NOUN
arjefm-1156	35	4	is	be	AUX
arjefm-1156	35	5	between	between	ADP
arjefm-1156	35	6	1980s	1980	NOUN
arjefm-1156	35	7	and	and	CCONJ
arjefm-1156	35	8	1990s	1990	NOUN
arjefm-1156	35	9	,	,	PUNCT
arjefm-1156	35	10	where	where	SCONJ
arjefm-1156	35	11	many	many	ADJ
arjefm-1156	35	12	countries	country	NOUN
arjefm-1156	35	13	in	in	ADP
arjefm-1156	35	14	asia	asia	PROPN
arjefm-1156	35	15	and	and	CCONJ
arjefm-1156	35	16	africa	africa	PROPN
arjefm-1156	35	17	were	be	AUX
arjefm-1156	35	18	known	know	VERB
arjefm-1156	35	19	for	for	ADP
arjefm-1156	35	20	colossal	colossal	ADJ
arjefm-1156	35	21	depreciation	depreciation	NOUN
arjefm-1156	35	22	of	of	ADP
arjefm-1156	35	23	their	their	PRON
arjefm-1156	35	24	currencies	currency	NOUN
arjefm-1156	35	25	as	as	SCONJ
arjefm-1156	35	26	they	they	PRON
arjefm-1156	35	27	made	make	VERB
arjefm-1156	35	28	effort	effort	NOUN
arjefm-1156	35	29	to	to	PART
arjefm-1156	35	30	reduce	reduce	VERB
arjefm-1156	35	31	the	the	DET
arjefm-1156	35	32	effect	effect	NOUN
arjefm-1156	35	33	of	of	ADP
arjefm-1156	35	34	black	black	ADJ
arjefm-1156	35	35	market	market	NOUN
arjefm-1156	35	36	for	for	ADP
arjefm-1156	35	37	american	american	PROPN
arjefm-1156	35	38	research	research	PROPN
arjefm-1156	35	39	journal	journal	PROPN
arjefm-1156	35	40	of	of	ADP
arjefm-1156	35	41	economics	economic	NOUN
arjefm-1156	35	42	,	,	PUNCT
arjefm-1156	35	43	finance	finance	NOUN
arjefm-1156	35	44	and	and	CCONJ
arjefm-1156	35	45	management	management	NOUN
arjefm-1156	35	46	volume	volume	NOUN
arjefm-1156	35	47	13	13	NUM
arjefm-1156	35	48	issue	issue	NOUN
arjefm-1156	35	49	1	1	NUM
arjefm-1156	35	50	,	,	PUNCT
arjefm-1156	35	51	january	january	PROPN
arjefm-1156	35	52	-	-	PUNCT
arjefm-1156	35	53	march	march	PROPN
arjefm-1156	35	54	2025	2025	NUM
arjefm-1156	35	55	issn	issn	NOUN
arjefm-1156	35	56	:	:	PUNCT
arjefm-1156	35	57	2836	2836	NUM
arjefm-1156	35	58	-	-	SYM
arjefm-1156	35	59	9416	9416	NUM
arjefm-1156	35	60	impact	impact	NOUN
arjefm-1156	35	61	factor	factor	NOUN
arjefm-1156	35	62	:	:	PUNCT
arjefm-1156	35	63	6.41	6.41	NUM
arjefm-1156	35	64	journal	journal	NOUN
arjefm-1156	35	65	homepage	homepage	NOUN
arjefm-1156	35	66	:	:	PUNCT
arjefm-1156	35	67	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	35	68	,	,	PUNCT
arjefm-1156	35	69	email	email	NOUN
arjefm-1156	35	70	:	:	PUNCT
arjefm-1156	35	71	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1156	35	72	official	official	ADJ
arjefm-1156	35	73	journal	journal	PROPN
arjefm-1156	35	74	of	of	ADP
arjefm-1156	35	75	america	america	PROPN
arjefm-1156	35	76	serial	serial	PROPN
arjefm-1156	35	77	publication	publication	NOUN
arjefm-1156	35	78	american	american	PROPN
arjefm-1156	35	79	research	research	PROPN
arjefm-1156	35	80	journal	journal	PROPN
arjefm-1156	35	81	of	of	ADP
arjefm-1156	35	82	economics	economic	NOUN
arjefm-1156	35	83	,	,	PUNCT
arjefm-1156	35	84	finance	finance	NOUN
arjefm-1156	35	85	and	and	CCONJ
arjefm-1156	35	86	management	management	NOUN
arjefm-1156	35	87	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	35	88	,	,	PUNCT
arjefm-1156	35	89	email	email	NOUN
arjefm-1156	35	90	:	:	PUNCT
arjefm-1156	35	91	contact@americaserial.com	contact@americaserial.com	X
arjefm-1156	36	1	46	46	NUM
arjefm-1156	37	1	|	|	ADV
arjefm-1156	37	2	p	p	X
arjefm-1156	37	3	a	a	DET
arjefm-1156	37	4	g	g	NOUN
arjefm-1156	37	5	e	e	ADP
arjefm-1156	37	6	foreign	foreign	ADJ
arjefm-1156	37	7	exchange	exchange	NOUN
arjefm-1156	37	8	which	which	PRON
arjefm-1156	37	9	had	have	AUX
arjefm-1156	37	10	been	be	AUX
arjefm-1156	37	11	in	in	ADP
arjefm-1156	37	12	existence	existence	NOUN
arjefm-1156	37	13	for	for	ADP
arjefm-1156	37	14	many	many	ADJ
arjefm-1156	37	15	years	year	NOUN
arjefm-1156	37	16	(	(	PUNCT
arjefm-1156	37	17	ekpo	ekpo	NOUN
arjefm-1156	37	18	,	,	PUNCT
arjefm-1156	37	19	2020	2020	NUM
arjefm-1156	37	20	)	)	PUNCT
arjefm-1156	37	21	.	.	PUNCT
arjefm-1156	38	1	studies	study	NOUN
arjefm-1156	38	2	reveals	reveal	VERB
arjefm-1156	38	3	that	that	SCONJ
arjefm-1156	38	4	consumption	consumption	NOUN
arjefm-1156	38	5	according	accord	VERB
arjefm-1156	38	6	to	to	ADP
arjefm-1156	38	7	alimi	alimi	PROPN
arjefm-1156	38	8	(	(	PUNCT
arjefm-1156	38	9	2013	2013	NUM
arjefm-1156	38	10	)	)	PUNCT
arjefm-1156	38	11	takes	take	VERB
arjefm-1156	38	12	the	the	DET
arjefm-1156	38	13	major	major	ADJ
arjefm-1156	38	14	percentage	percentage	NOUN
arjefm-1156	38	15	of	of	ADP
arjefm-1156	38	16	the	the	DET
arjefm-1156	38	17	gross	gross	ADJ
arjefm-1156	38	18	domestic	domestic	ADJ
arjefm-1156	38	19	product	product	NOUN
arjefm-1156	38	20	(	(	PUNCT
arjefm-1156	38	21	gdp	gdp	NOUN
arjefm-1156	38	22	)	)	PUNCT
arjefm-1156	38	23	in	in	ADP
arjefm-1156	38	24	most	most	ADJ
arjefm-1156	38	25	developing	develop	VERB
arjefm-1156	38	26	countries	country	NOUN
arjefm-1156	38	27	.	.	PUNCT
arjefm-1156	39	1	this	this	DET
arjefm-1156	39	2	consumption	consumption	NOUN
arjefm-1156	39	3	expenditure	expenditure	NOUN
arjefm-1156	39	4	has	have	AUX
arjefm-1156	39	5	affected	affect	VERB
arjefm-1156	39	6	between	between	ADP
arjefm-1156	39	7	50	50	NUM
arjefm-1156	39	8	%	%	NOUN
arjefm-1156	39	9	and	and	CCONJ
arjefm-1156	39	10	70	70	NUM
arjefm-1156	39	11	%	%	NOUN
arjefm-1156	39	12	of	of	ADP
arjefm-1156	39	13	spending	spending	NOUN
arjefm-1156	39	14	in	in	ADP
arjefm-1156	39	15	most	most	ADJ
arjefm-1156	39	16	economies	economy	NOUN
arjefm-1156	39	17	.	.	PUNCT
arjefm-1156	40	1	experience	experience	NOUN
arjefm-1156	40	2	in	in	ADP
arjefm-1156	40	3	nigeria	nigeria	PROPN
arjefm-1156	40	4	reveals	reveal	VERB
arjefm-1156	40	5	that	that	SCONJ
arjefm-1156	40	6	,	,	PUNCT
arjefm-1156	40	7	in	in	ADP
arjefm-1156	40	8	the	the	DET
arjefm-1156	40	9	1980’s,1990	1980’s,1990	NUM
arjefm-1156	40	10	’s	’s	NOUN
arjefm-1156	40	11	,	,	PUNCT
arjefm-1156	40	12	2000	2000	NUM
arjefm-1156	40	13	’s	’s	NOUN
arjefm-1156	40	14	and	and	CCONJ
arjefm-1156	40	15	in	in	ADP
arjefm-1156	40	16	the	the	DET
arjefm-1156	40	17	21st	21st	ADJ
arjefm-1156	40	18	century	century	NOUN
arjefm-1156	40	19	,	,	PUNCT
arjefm-1156	40	20	average	average	ADJ
arjefm-1156	40	21	aggregate	aggregate	ADJ
arjefm-1156	40	22	consumption	consumption	NOUN
arjefm-1156	40	23	expenditure	expenditure	NOUN
arjefm-1156	40	24	stood	stand	VERB
arjefm-1156	40	25	at	at	ADP
arjefm-1156	40	26	average	average	NOUN
arjefm-1156	40	27	of	of	ADP
arjefm-1156	40	28	75	75	NUM
arjefm-1156	40	29	,	,	PUNCT
arjefm-1156	40	30	88.8	88.8	NUM
arjefm-1156	40	31	,	,	PUNCT
arjefm-1156	40	32	83.9	83.9	NUM
arjefm-1156	40	33	and	and	CCONJ
arjefm-1156	40	34	84.2	84.2	NUM
arjefm-1156	40	35	per	per	ADP
arjefm-1156	40	36	cent	cent	NOUN
arjefm-1156	40	37	,	,	PUNCT
arjefm-1156	40	38	respectively	respectively	ADV
arjefm-1156	40	39	(	(	PUNCT
arjefm-1156	40	40	cbn	cbn	PROPN
arjefm-1156	40	41	,	,	PUNCT
arjefm-1156	40	42	2020	2020	NUM
arjefm-1156	40	43	)	)	PUNCT
arjefm-1156	40	44	.	.	PUNCT
arjefm-1156	41	1	records	record	NOUN
arjefm-1156	41	2	also	also	ADV
arjefm-1156	41	3	indicated	indicate	VERB
arjefm-1156	41	4	that	that	SCONJ
arjefm-1156	41	5	,	,	PUNCT
arjefm-1156	41	6	average	average	ADJ
arjefm-1156	41	7	private	private	ADJ
arjefm-1156	41	8	investment	investment	NOUN
arjefm-1156	41	9	expenditure	expenditure	NOUN
arjefm-1156	41	10	was	be	AUX
arjefm-1156	41	11	18.7	18.7	NUM
arjefm-1156	41	12	%	%	NOUN
arjefm-1156	41	13	,	,	PUNCT
arjefm-1156	41	14	11.5	11.5	NUM
arjefm-1156	41	15	%	%	NOUN
arjefm-1156	41	16	,	,	PUNCT
arjefm-1156	41	17	11.5	11.5	NUM
arjefm-1156	41	18	%	%	NOUN
arjefm-1156	41	19	and	and	CCONJ
arjefm-1156	41	20	12.0	12.0	NUM
arjefm-1156	41	21	%	%	NOUN
arjefm-1156	41	22	respectively	respectively	ADV
arjefm-1156	41	23	for	for	ADP
arjefm-1156	41	24	gdp	gdp	NOUN
arjefm-1156	41	25	,	,	PUNCT
arjefm-1156	41	26	within	within	ADP
arjefm-1156	41	27	the	the	DET
arjefm-1156	41	28	same	same	ADJ
arjefm-1156	41	29	period	period	NOUN
arjefm-1156	41	30	,	,	PUNCT
arjefm-1156	41	31	i.e.	i.e.	X
arjefm-1156	41	32	between	between	ADP
arjefm-1156	41	33	1980	1980	NUM
arjefm-1156	41	34	and	and	CCONJ
arjefm-1156	41	35	2021	2021	NUM
arjefm-1156	41	36	.	.	PUNCT
arjefm-1156	42	1	records	record	NOUN
arjefm-1156	42	2	further	far	ADV
arjefm-1156	42	3	reveals	reveal	VERB
arjefm-1156	42	4	that	that	SCONJ
arjefm-1156	42	5	balance	balance	NOUN
arjefm-1156	42	6	of	of	ADP
arjefm-1156	42	7	payment	payment	NOUN
arjefm-1156	42	8	(	(	PUNCT
arjefm-1156	42	9	bop	bop	INTJ
arjefm-1156	42	10	)	)	PUNCT
arjefm-1156	42	11	for	for	ADP
arjefm-1156	42	12	the	the	DET
arjefm-1156	42	13	same	same	ADJ
arjefm-1156	42	14	periods	period	NOUN
arjefm-1156	42	15	stood	stand	VERB
arjefm-1156	42	16	at	at	ADP
arjefm-1156	42	17	between	between	ADP
arjefm-1156	42	18	2.6	2.6	NUM
arjefm-1156	42	19	%	%	NOUN
arjefm-1156	42	20	and	and	CCONJ
arjefm-1156	42	21	3.6	3.6	NUM
arjefm-1156	42	22	%	%	NOUN
arjefm-1156	42	23	respectively	respectively	ADV
arjefm-1156	42	24	(	(	PUNCT
arjefm-1156	42	25	cbn	cbn	PROPN
arjefm-1156	42	26	.	.	PUNCT
arjefm-1156	42	27	2019	2019	NUM
arjefm-1156	42	28	)	)	PUNCT
arjefm-1156	42	29	.	.	PUNCT
arjefm-1156	43	1	in	in	ADP
arjefm-1156	43	2	the	the	DET
arjefm-1156	43	3	keynesian	keynesian	ADJ
arjefm-1156	43	4	transaction	transaction	NOUN
arjefm-1156	43	5	demand	demand	NOUN
arjefm-1156	43	6	motive	motive	VERB
arjefm-1156	43	7	for	for	ADP
arjefm-1156	43	8	holding	hold	VERB
arjefm-1156	43	9	money	money	NOUN
arjefm-1156	43	10	,	,	PUNCT
arjefm-1156	43	11	a	a	DET
arjefm-1156	43	12	theoretical	theoretical	ADJ
arjefm-1156	43	13	relationship	relationship	NOUN
arjefm-1156	43	14	is	be	AUX
arjefm-1156	43	15	established	establish	VERB
arjefm-1156	43	16	to	to	PART
arjefm-1156	43	17	exist	exist	VERB
arjefm-1156	43	18	between	between	ADP
arjefm-1156	43	19	agents	agent	NOUN
arjefm-1156	43	20	’	'	PUNCT
arjefm-1156	43	21	preference	preference	NOUN
arjefm-1156	43	22	for	for	ADP
arjefm-1156	43	23	foreign	foreign	ADJ
arjefm-1156	43	24	currency	currency	NOUN
arjefm-1156	43	25	and	and	CCONJ
arjefm-1156	43	26	demand	demand	NOUN
arjefm-1156	43	27	for	for	ADP
arjefm-1156	43	28	consumables	consumable	NOUN
arjefm-1156	43	29	by	by	ADP
arjefm-1156	43	30	households	household	NOUN
arjefm-1156	43	31	.	.	PUNCT
arjefm-1156	44	1	in	in	ADP
arjefm-1156	44	2	the	the	DET
arjefm-1156	44	3	theory	theory	NOUN
arjefm-1156	44	4	,	,	PUNCT
arjefm-1156	44	5	consumption	consumption	NOUN
arjefm-1156	44	6	is	be	AUX
arjefm-1156	44	7	seen	see	VERB
arjefm-1156	44	8	as	as	ADP
arjefm-1156	44	9	a	a	DET
arjefm-1156	44	10	critical	critical	ADJ
arjefm-1156	44	11	and	and	CCONJ
arjefm-1156	44	12	the	the	DET
arjefm-1156	44	13	largest	large	ADJ
arjefm-1156	44	14	component	component	NOUN
arjefm-1156	44	15	of	of	ADP
arjefm-1156	44	16	aggregate	aggregate	ADJ
arjefm-1156	44	17	demand	demand	NOUN
arjefm-1156	44	18	that	that	PRON
arjefm-1156	44	19	exerts	exert	VERB
arjefm-1156	44	20	tremendous	tremendous	ADJ
arjefm-1156	44	21	influence	influence	NOUN
arjefm-1156	44	22	on	on	ADP
arjefm-1156	44	23	general	general	ADJ
arjefm-1156	44	24	economic	economic	ADJ
arjefm-1156	44	25	performance	performance	NOUN
arjefm-1156	44	26	through	through	ADP
arjefm-1156	44	27	the	the	DET
arjefm-1156	44	28	mechanism	mechanism	NOUN
arjefm-1156	44	29	of	of	ADP
arjefm-1156	44	30	the	the	DET
arjefm-1156	44	31	multiplier	multipli	ADJ
arjefm-1156	44	32	(	(	PUNCT
arjefm-1156	44	33	afonso	afonso	PROPN
arjefm-1156	44	34	,	,	PUNCT
arjefm-1156	44	35	2000	2000	NUM
arjefm-1156	44	36	)	)	PUNCT
arjefm-1156	44	37	.	.	PUNCT
arjefm-1156	45	1	the	the	DET
arjefm-1156	45	2	theory	theory	NOUN
arjefm-1156	45	3	also	also	ADV
arjefm-1156	45	4	opined	opine	VERB
arjefm-1156	45	5	that	that	SCONJ
arjefm-1156	45	6	,	,	PUNCT
arjefm-1156	45	7	acute	acute	ADJ
arjefm-1156	45	8	inflation	inflation	NOUN
arjefm-1156	45	9	period	period	NOUN
arjefm-1156	45	10	brings	bring	VERB
arjefm-1156	45	11	different	different	ADJ
arjefm-1156	45	12	categories	category	NOUN
arjefm-1156	45	13	of	of	ADP
arjefm-1156	45	14	agents	agent	NOUN
arjefm-1156	45	15	affected	affect	VERB
arjefm-1156	45	16	unreasonably	unreasonably	ADV
arjefm-1156	45	17	by	by	ADP
arjefm-1156	45	18	the	the	DET
arjefm-1156	45	19	bad	bad	ADJ
arjefm-1156	45	20	effects	effect	NOUN
arjefm-1156	45	21	of	of	ADP
arjefm-1156	45	22	inflation	inflation	NOUN
arjefm-1156	45	23	on	on	ADP
arjefm-1156	45	24	their	their	PRON
arjefm-1156	45	25	purchasing	purchasing	NOUN
arjefm-1156	45	26	power	power	NOUN
arjefm-1156	45	27	.	.	PUNCT
arjefm-1156	46	1	by	by	ADP
arjefm-1156	46	2	this	this	PRON
arjefm-1156	46	3	it	it	PRON
arjefm-1156	46	4	means	mean	VERB
arjefm-1156	46	5	that	that	SCONJ
arjefm-1156	46	6	,	,	PUNCT
arjefm-1156	46	7	agents	agent	NOUN
arjefm-1156	46	8	with	with	ADP
arjefm-1156	46	9	higher	high	ADJ
arjefm-1156	46	10	income	income	NOUN
arjefm-1156	46	11	would	would	AUX
arjefm-1156	46	12	mostly	mostly	ADV
arjefm-1156	46	13	have	have	VERB
arjefm-1156	46	14	access	access	NOUN
arjefm-1156	46	15	to	to	ADP
arjefm-1156	46	16	many	many	ADJ
arjefm-1156	46	17	leverages	leverage	NOUN
arjefm-1156	46	18	including	include	VERB
arjefm-1156	46	19	substituting	substitute	VERB
arjefm-1156	46	20	external	external	ADJ
arjefm-1156	46	21	currency	currency	NOUN
arjefm-1156	46	22	for	for	ADP
arjefm-1156	46	23	domestic	domestic	ADJ
arjefm-1156	46	24	currency	currency	NOUN
arjefm-1156	46	25	.	.	PUNCT
arjefm-1156	47	1	those	those	PRON
arjefm-1156	47	2	at	at	ADP
arjefm-1156	47	3	the	the	DET
arjefm-1156	47	4	lower	low	ADJ
arjefm-1156	47	5	strata	strata	NOUN
arjefm-1156	47	6	of	of	ADP
arjefm-1156	47	7	society	society	NOUN
arjefm-1156	47	8	who	who	PRON
arjefm-1156	47	9	are	be	AUX
arjefm-1156	47	10	by	by	ADP
arjefm-1156	47	11	far	far	ADV
arjefm-1156	47	12	the	the	DET
arjefm-1156	47	13	greater	great	ADJ
arjefm-1156	47	14	segment	segment	NOUN
arjefm-1156	47	15	,	,	PUNCT
arjefm-1156	47	16	the	the	DET
arjefm-1156	47	17	low	low	ADJ
arjefm-1156	47	18	-	-	PUNCT
arjefm-1156	47	19	income	income	NOUN
arjefm-1156	47	20	groups	group	NOUN
arjefm-1156	47	21	and	and	CCONJ
arjefm-1156	47	22	who	who	PRON
arjefm-1156	47	23	have	have	VERB
arjefm-1156	47	24	no	no	DET
arjefm-1156	47	25	alternative	alternative	NOUN
arjefm-1156	47	26	to	to	ADP
arjefm-1156	47	27	the	the	DET
arjefm-1156	47	28	biting	bite	VERB
arjefm-1156	47	29	effects	effect	NOUN
arjefm-1156	47	30	of	of	ADP
arjefm-1156	47	31	inflation	inflation	NOUN
arjefm-1156	47	32	would	would	AUX
arjefm-1156	47	33	mostly	mostly	ADV
arjefm-1156	47	34	want	want	VERB
arjefm-1156	47	35	to	to	PART
arjefm-1156	47	36	discharge	discharge	VERB
arjefm-1156	47	37	their	their	PRON
arjefm-1156	47	38	idle	idle	ADJ
arjefm-1156	47	39	balances	balance	NOUN
arjefm-1156	47	40	instead	instead	ADV
arjefm-1156	47	41	of	of	ADP
arjefm-1156	47	42	exposing	expose	VERB
arjefm-1156	47	43	it	it	PRON
arjefm-1156	47	44	to	to	ADP
arjefm-1156	47	45	the	the	DET
arjefm-1156	47	46	menace	menace	NOUN
arjefm-1156	47	47	of	of	ADP
arjefm-1156	47	48	depreciation	depreciation	NOUN
arjefm-1156	47	49	.	.	PUNCT
arjefm-1156	48	1	by	by	ADP
arjefm-1156	48	2	this	this	PRON
arjefm-1156	48	3	it	it	PRON
arjefm-1156	48	4	means	mean	VERB
arjefm-1156	48	5	that	that	SCONJ
arjefm-1156	48	6	,	,	PUNCT
arjefm-1156	48	7	aggregate	aggregate	ADJ
arjefm-1156	48	8	consumption	consumption	NOUN
arjefm-1156	48	9	in	in	ADP
arjefm-1156	48	10	the	the	DET
arjefm-1156	48	11	economy	economy	NOUN
arjefm-1156	48	12	will	will	AUX
arjefm-1156	48	13	be	be	AUX
arjefm-1156	48	14	affected	affect	VERB
arjefm-1156	48	15	.	.	PUNCT
arjefm-1156	49	1	however	however	ADV
arjefm-1156	49	2	,	,	PUNCT
arjefm-1156	49	3	those	those	PRON
arjefm-1156	49	4	with	with	ADP
arjefm-1156	49	5	higher	high	ADJ
arjefm-1156	49	6	income	income	NOUN
arjefm-1156	49	7	looking	look	VERB
arjefm-1156	49	8	for	for	ADP
arjefm-1156	49	9	safe	safe	ADJ
arjefm-1156	49	10	environment	environment	NOUN
arjefm-1156	49	11	in	in	ADP
arjefm-1156	49	12	such	such	ADJ
arjefm-1156	49	13	uncertain	uncertain	ADJ
arjefm-1156	49	14	economic	economic	ADJ
arjefm-1156	49	15	environment	environment	NOUN
arjefm-1156	49	16	would	would	AUX
arjefm-1156	49	17	be	be	AUX
arjefm-1156	49	18	constrained	constrain	VERB
arjefm-1156	49	19	by	by	ADP
arjefm-1156	49	20	ineptitudes	ineptitude	NOUN
arjefm-1156	49	21	in	in	ADP
arjefm-1156	49	22	the	the	DET
arjefm-1156	49	23	capital	capital	NOUN
arjefm-1156	49	24	market	market	NOUN
arjefm-1156	49	25	,	,	PUNCT
arjefm-1156	49	26	which	which	PRON
arjefm-1156	49	27	should	should	AUX
arjefm-1156	49	28	be	be	AUX
arjefm-1156	49	29	a	a	DET
arjefm-1156	49	30	natural	natural	ADJ
arjefm-1156	49	31	resort	resort	NOUN
arjefm-1156	49	32	in	in	ADP
arjefm-1156	49	33	such	such	ADJ
arjefm-1156	49	34	times	time	NOUN
arjefm-1156	49	35	.	.	PUNCT
arjefm-1156	50	1	alemán	alemán	PROPN
arjefm-1156	50	2	(	(	PUNCT
arjefm-1156	50	3	1995	1995	NUM
arjefm-1156	50	4	)	)	PUNCT
arjefm-1156	50	5	in	in	ADP
arjefm-1156	50	6	a	a	DET
arjefm-1156	50	7	publication	publication	NOUN
arjefm-1156	50	8	posited	posit	VERB
arjefm-1156	50	9	that	that	SCONJ
arjefm-1156	50	10	:	:	PUNCT
arjefm-1156	50	11	“	"	PUNCT
arjefm-1156	50	12	due	due	ADP
arjefm-1156	50	13	to	to	ADP
arjefm-1156	50	14	the	the	DET
arjefm-1156	50	15	absence	absence	NOUN
arjefm-1156	50	16	of	of	ADP
arjefm-1156	50	17	capital	capital	NOUN
arjefm-1156	50	18	markets	market	NOUN
arjefm-1156	50	19	in	in	ADP
arjefm-1156	50	20	general	general	ADJ
arjefm-1156	50	21	and	and	CCONJ
arjefm-1156	50	22	well	well	ADV
arjefm-1156	50	23	-	-	PUNCT
arjefm-1156	50	24	established	establish	VERB
arjefm-1156	50	25	and	and	CCONJ
arjefm-1156	50	26	efficient	efficient	ADJ
arjefm-1156	50	27	capital	capital	NOUN
arjefm-1156	50	28	markets	market	NOUN
arjefm-1156	50	29	in	in	ADP
arjefm-1156	50	30	particular	particular	ADJ
arjefm-1156	50	31	in	in	ADP
arjefm-1156	50	32	almost	almost	ADV
arjefm-1156	50	33	every	every	PRON
arjefm-1156	50	34	developing	develop	VERB
arjefm-1156	50	35	economy	economy	NOUN
arjefm-1156	50	36	,	,	PUNCT
arjefm-1156	50	37	individuals	individual	NOUN
arjefm-1156	50	38	in	in	ADP
arjefm-1156	50	39	this	this	DET
arjefm-1156	50	40	case	case	NOUN
arjefm-1156	50	41	are	be	AUX
arjefm-1156	50	42	only	only	ADV
arjefm-1156	50	43	able	able	ADJ
arjefm-1156	50	44	to	to	PART
arjefm-1156	50	45	hold	hold	VERB
arjefm-1156	50	46	their	their	PRON
arjefm-1156	50	47	savings	saving	NOUN
arjefm-1156	50	48	or	or	CCONJ
arjefm-1156	50	49	their	their	PRON
arjefm-1156	50	50	assets	asset	NOUN
arjefm-1156	50	51	in	in	ADP
arjefm-1156	50	52	the	the	DET
arjefm-1156	50	53	form	form	NOUN
arjefm-1156	50	54	of	of	ADP
arjefm-1156	50	55	domestic	domestic	ADJ
arjefm-1156	50	56	currency	currency	NOUN
arjefm-1156	50	57	.	.	PUNCT
arjefm-1156	51	1	if	if	SCONJ
arjefm-1156	51	2	this	this	DET
arjefm-1156	51	3	domestic	domestic	ADJ
arjefm-1156	51	4	currency	currency	NOUN
arjefm-1156	51	5	is	be	AUX
arjefm-1156	51	6	forced	force	VERB
arjefm-1156	51	7	to	to	PART
arjefm-1156	51	8	depreciate	depreciate	VERB
arjefm-1156	51	9	continuously	continuously	ADV
arjefm-1156	51	10	(	(	PUNCT
arjefm-1156	51	11	i.e.	i.e.	X
arjefm-1156	51	12	,	,	PUNCT
arjefm-1156	51	13	if	if	SCONJ
arjefm-1156	51	14	the	the	DET
arjefm-1156	51	15	inflation	inflation	NOUN
arjefm-1156	51	16	american	american	PROPN
arjefm-1156	51	17	research	research	PROPN
arjefm-1156	51	18	journal	journal	PROPN
arjefm-1156	51	19	of	of	ADP
arjefm-1156	51	20	economics	economic	NOUN
arjefm-1156	51	21	,	,	PUNCT
arjefm-1156	51	22	finance	finance	NOUN
arjefm-1156	51	23	and	and	CCONJ
arjefm-1156	51	24	management	management	NOUN
arjefm-1156	51	25	volume	volume	NOUN
arjefm-1156	51	26	13	13	NUM
arjefm-1156	51	27	issue	issue	NOUN
arjefm-1156	51	28	1	1	NUM
arjefm-1156	51	29	,	,	PUNCT
arjefm-1156	51	30	january	january	PROPN
arjefm-1156	51	31	-	-	PUNCT
arjefm-1156	51	32	march	march	PROPN
arjefm-1156	51	33	2025	2025	NUM
arjefm-1156	51	34	issn	issn	NOUN
arjefm-1156	51	35	:	:	PUNCT
arjefm-1156	51	36	2836	2836	NUM
arjefm-1156	51	37	-	-	SYM
arjefm-1156	51	38	9416	9416	NUM
arjefm-1156	51	39	impact	impact	NOUN
arjefm-1156	51	40	factor	factor	NOUN
arjefm-1156	51	41	:	:	PUNCT
arjefm-1156	51	42	6.41	6.41	NUM
arjefm-1156	51	43	journal	journal	NOUN
arjefm-1156	51	44	homepage	homepage	NOUN
arjefm-1156	51	45	:	:	PUNCT
arjefm-1156	51	46	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	51	47	,	,	PUNCT
arjefm-1156	51	48	email	email	NOUN
arjefm-1156	51	49	:	:	PUNCT
arjefm-1156	51	50	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1156	51	51	official	official	ADJ
arjefm-1156	51	52	journal	journal	PROPN
arjefm-1156	51	53	of	of	ADP
arjefm-1156	51	54	america	america	PROPN
arjefm-1156	51	55	serial	serial	PROPN
arjefm-1156	51	56	publication	publication	NOUN
arjefm-1156	51	57	american	american	PROPN
arjefm-1156	51	58	research	research	PROPN
arjefm-1156	51	59	journal	journal	PROPN
arjefm-1156	51	60	of	of	ADP
arjefm-1156	51	61	economics	economic	NOUN
arjefm-1156	51	62	,	,	PUNCT
arjefm-1156	51	63	finance	finance	NOUN
arjefm-1156	51	64	and	and	CCONJ
arjefm-1156	51	65	management	management	NOUN
arjefm-1156	51	66	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	51	67	,	,	PUNCT
arjefm-1156	51	68	email	email	NOUN
arjefm-1156	51	69	:	:	PUNCT
arjefm-1156	51	70	contact@americaserial.com	contact@americaserial.com	X
arjefm-1156	52	1	47	47	NUM
arjefm-1156	53	1	|	|	ADV
arjefm-1156	53	2	p	p	X
arjefm-1156	53	3	a	a	DET
arjefm-1156	53	4	g	g	NOUN
arjefm-1156	53	5	e	e	NOUN
arjefm-1156	53	6	rate	rate	NOUN
arjefm-1156	53	7	is	be	AUX
arjefm-1156	53	8	constant	constant	ADJ
arjefm-1156	53	9	,	,	PUNCT
arjefm-1156	53	10	and	and	CCONJ
arjefm-1156	53	11	positive	positive	ADJ
arjefm-1156	53	12	)	)	PUNCT
arjefm-1156	53	13	then	then	ADV
arjefm-1156	53	14	the	the	DET
arjefm-1156	53	15	opportunity	opportunity	NOUN
arjefm-1156	53	16	cost	cost	NOUN
arjefm-1156	53	17	of	of	ADP
arjefm-1156	53	18	holding	hold	VERB
arjefm-1156	53	19	real	real	ADJ
arjefm-1156	53	20	monetary	monetary	ADJ
arjefm-1156	53	21	balances	balance	NOUN
arjefm-1156	53	22	will	will	AUX
arjefm-1156	53	23	increase	increase	VERB
arjefm-1156	53	24	continuously	continuously	ADV
arjefm-1156	53	25	.	.	PUNCT
arjefm-1156	54	1	the	the	DET
arjefm-1156	54	2	theory	theory	NOUN
arjefm-1156	54	3	also	also	ADV
arjefm-1156	54	4	opined	opine	VERB
arjefm-1156	54	5	that	that	SCONJ
arjefm-1156	54	6	investment	investment	NOUN
arjefm-1156	54	7	demand	demand	NOUN
arjefm-1156	54	8	is	be	AUX
arjefm-1156	54	9	affected	affect	VERB
arjefm-1156	54	10	by	by	ADP
arjefm-1156	54	11	agents	agent	NOUN
arjefm-1156	54	12	’	'	PUNCT
arjefm-1156	54	13	preference	preference	NOUN
arjefm-1156	54	14	for	for	ADP
arjefm-1156	54	15	foreign	foreign	ADJ
arjefm-1156	54	16	currency	currency	NOUN
arjefm-1156	54	17	.	.	PUNCT
arjefm-1156	55	1	it	it	PRON
arjefm-1156	55	2	was	be	AUX
arjefm-1156	55	3	equally	equally	ADV
arjefm-1156	55	4	opined	opine	VERB
arjefm-1156	55	5	in	in	ADP
arjefm-1156	55	6	the	the	DET
arjefm-1156	55	7	theory	theory	NOUN
arjefm-1156	55	8	that	that	SCONJ
arjefm-1156	55	9	,	,	PUNCT
arjefm-1156	55	10	since	since	SCONJ
arjefm-1156	55	11	dollarization	dollarization	NOUN
arjefm-1156	55	12	has	have	AUX
arjefm-1156	55	13	implications	implication	NOUN
arjefm-1156	55	14	for	for	ADP
arjefm-1156	55	15	monetary	monetary	ADJ
arjefm-1156	55	16	policy	policy	NOUN
arjefm-1156	55	17	mostly	mostly	ADV
arjefm-1156	55	18	as	as	SCONJ
arjefm-1156	55	19	it	it	PRON
arjefm-1156	55	20	affects	affect	VERB
arjefm-1156	55	21	the	the	DET
arjefm-1156	55	22	mobilization	mobilization	NOUN
arjefm-1156	55	23	of	of	ADP
arjefm-1156	55	24	savings	saving	NOUN
arjefm-1156	55	25	,	,	PUNCT
arjefm-1156	55	26	investment	investment	NOUN
arjefm-1156	55	27	would	would	AUX
arjefm-1156	55	28	be	be	AUX
arjefm-1156	55	29	conceded	concede	VERB
arjefm-1156	55	30	by	by	ADP
arjefm-1156	55	31	the	the	DET
arjefm-1156	55	32	inadequacy	inadequacy	NOUN
arjefm-1156	55	33	of	of	ADP
arjefm-1156	55	34	savings	saving	NOUN
arjefm-1156	55	35	.	.	PUNCT
arjefm-1156	56	1	this	this	PRON
arjefm-1156	56	2	is	be	AUX
arjefm-1156	56	3	because	because	SCONJ
arjefm-1156	56	4	agents	agent	NOUN
arjefm-1156	56	5	may	may	AUX
arjefm-1156	56	6	not	not	PART
arjefm-1156	56	7	be	be	AUX
arjefm-1156	56	8	having	have	VERB
arjefm-1156	56	9	confidence	confidence	NOUN
arjefm-1156	56	10	in	in	ADP
arjefm-1156	56	11	monetary	monetary	ADJ
arjefm-1156	56	12	policy	policy	NOUN
arjefm-1156	56	13	and	and	CCONJ
arjefm-1156	56	14	as	as	SCONJ
arjefm-1156	56	15	such	such	ADJ
arjefm-1156	56	16	may	may	AUX
arjefm-1156	56	17	want	want	VERB
arjefm-1156	56	18	to	to	PART
arjefm-1156	56	19	hoard	hoard	VERB
arjefm-1156	56	20	their	their	PRON
arjefm-1156	56	21	money	money	NOUN
arjefm-1156	56	22	balances	balance	NOUN
arjefm-1156	56	23	in	in	ADP
arjefm-1156	56	24	other	other	ADJ
arjefm-1156	56	25	stable	stable	ADJ
arjefm-1156	56	26	and	and	CCONJ
arjefm-1156	56	27	hard	hard	ADJ
arjefm-1156	56	28	currencies	currency	NOUN
arjefm-1156	56	29	to	to	PART
arjefm-1156	56	30	protect	protect	VERB
arjefm-1156	56	31	their	their	PRON
arjefm-1156	56	32	wealth	wealth	NOUN
arjefm-1156	56	33	.	.	PUNCT
arjefm-1156	57	1	this	this	PRON
arjefm-1156	57	2	will	will	AUX
arjefm-1156	57	3	make	make	VERB
arjefm-1156	57	4	the	the	DET
arjefm-1156	57	5	process	process	NOUN
arjefm-1156	57	6	of	of	ADP
arjefm-1156	57	7	effective	effective	ADJ
arjefm-1156	57	8	financial	financial	ADJ
arjefm-1156	57	9	intermediation	intermediation	NOUN
arjefm-1156	57	10	to	to	PART
arjefm-1156	57	11	suffer	suffer	VERB
arjefm-1156	57	12	setbacks	setback	NOUN
arjefm-1156	57	13	and	and	CCONJ
arjefm-1156	57	14	have	have	VERB
arjefm-1156	57	15	negative	negative	ADJ
arjefm-1156	57	16	implications	implication	NOUN
arjefm-1156	57	17	on	on	ADP
arjefm-1156	57	18	the	the	DET
arjefm-1156	57	19	nation	nation	NOUN
arjefm-1156	57	20	(	(	PUNCT
arjefm-1156	57	21	nyong	nyong	NOUN
arjefm-1156	57	22	,	,	PUNCT
arjefm-1156	57	23	2019	2019	NUM
arjefm-1156	57	24	)	)	PUNCT
arjefm-1156	57	25	.	.	PUNCT
arjefm-1156	58	1	considering	consider	VERB
arjefm-1156	58	2	the	the	DET
arjefm-1156	58	3	above	above	ADJ
arjefm-1156	58	4	scenario	scenario	NOUN
arjefm-1156	58	5	,	,	PUNCT
arjefm-1156	58	6	this	this	DET
arjefm-1156	58	7	study	study	NOUN
arjefm-1156	58	8	offers	offer	VERB
arjefm-1156	58	9	to	to	PART
arjefm-1156	58	10	integrate	integrate	VERB
arjefm-1156	58	11	in	in	ADP
arjefm-1156	58	12	the	the	DET
arjefm-1156	58	13	dollarization	dollarization	NOUN
arjefm-1156	58	14	model	model	NOUN
arjefm-1156	58	15	other	other	ADJ
arjefm-1156	58	16	measures	measure	NOUN
arjefm-1156	58	17	of	of	ADP
arjefm-1156	58	18	macroeconomic	macroeconomic	ADJ
arjefm-1156	58	19	performance	performance	NOUN
arjefm-1156	58	20	not	not	PART
arjefm-1156	58	21	considered	consider	VERB
arjefm-1156	58	22	in	in	ADP
arjefm-1156	58	23	other	other	ADJ
arjefm-1156	58	24	studies	study	NOUN
arjefm-1156	58	25	reviewed	review	VERB
arjefm-1156	58	26	.	.	PUNCT
arjefm-1156	59	1	the	the	DET
arjefm-1156	59	2	model	model	NOUN
arjefm-1156	59	3	will	will	AUX
arjefm-1156	59	4	include	include	VERB
arjefm-1156	59	5	:	:	PUNCT
arjefm-1156	59	6	economic	economic	ADJ
arjefm-1156	59	7	performance	performance	NOUN
arjefm-1156	59	8	through	through	ADP
arjefm-1156	59	9	spending	spending	NOUN
arjefm-1156	59	10	(	(	PUNCT
arjefm-1156	59	11	consumption	consumption	NOUN
arjefm-1156	59	12	and	and	CCONJ
arjefm-1156	59	13	investment	investment	NOUN
arjefm-1156	59	14	expenditures	expenditure	NOUN
arjefm-1156	59	15	)	)	PUNCT
arjefm-1156	59	16	,	,	PUNCT
arjefm-1156	59	17	and	and	CCONJ
arjefm-1156	59	18	balance	balance	NOUN
arjefm-1156	59	19	of	of	ADP
arjefm-1156	59	20	payments	payment	NOUN
arjefm-1156	59	21	(	(	PUNCT
arjefm-1156	59	22	bop	bop	INTJ
arjefm-1156	59	23	)	)	PUNCT
arjefm-1156	59	24	equilibrium	equilibrium	NOUN
arjefm-1156	59	25	.	.	PUNCT
arjefm-1156	60	1	the	the	DET
arjefm-1156	60	2	choice	choice	NOUN
arjefm-1156	60	3	of	of	ADP
arjefm-1156	60	4	these	these	PRON
arjefm-1156	60	5	is	be	AUX
arjefm-1156	60	6	because	because	SCONJ
arjefm-1156	60	7	consumption	consumption	NOUN
arjefm-1156	60	8	is	be	AUX
arjefm-1156	60	9	regarded	regard	VERB
arjefm-1156	60	10	by	by	ADP
arjefm-1156	60	11	many	many	ADJ
arjefm-1156	60	12	literatures	literature	NOUN
arjefm-1156	60	13	as	as	ADP
arjefm-1156	60	14	a	a	DET
arjefm-1156	60	15	large	large	ADJ
arjefm-1156	60	16	component	component	NOUN
arjefm-1156	60	17	of	of	ADP
arjefm-1156	60	18	aggregate	aggregate	ADJ
arjefm-1156	60	19	demand	demand	NOUN
arjefm-1156	60	20	and	and	CCONJ
arjefm-1156	60	21	is	be	AUX
arjefm-1156	60	22	noted	note	VERB
arjefm-1156	60	23	to	to	PART
arjefm-1156	60	24	be	be	AUX
arjefm-1156	60	25	about	about	ADV
arjefm-1156	60	26	two	two	NUM
arjefm-1156	60	27	-	-	PUNCT
arjefm-1156	60	28	third	third	NOUN
arjefm-1156	60	29	of	of	ADP
arjefm-1156	60	30	all	all	DET
arjefm-1156	60	31	spending	spending	NOUN
arjefm-1156	60	32	and	and	CCONJ
arjefm-1156	60	33	hence	hence	ADV
arjefm-1156	60	34	the	the	DET
arjefm-1156	60	35	response	response	NOUN
arjefm-1156	60	36	of	of	ADP
arjefm-1156	60	37	consumption	consumption	NOUN
arjefm-1156	60	38	to	to	ADP
arjefm-1156	60	39	changes	change	NOUN
arjefm-1156	60	40	in	in	ADP
arjefm-1156	60	41	income	income	NOUN
arjefm-1156	60	42	is	be	AUX
arjefm-1156	60	43	a	a	DET
arjefm-1156	60	44	vital	vital	ADJ
arjefm-1156	60	45	component	component	NOUN
arjefm-1156	60	46	in	in	ADP
arjefm-1156	60	47	macroeconomic	macroeconomic	ADJ
arjefm-1156	60	48	analysis	analysis	NOUN
arjefm-1156	60	49	.	.	PUNCT
arjefm-1156	61	1	also	also	ADV
arjefm-1156	61	2	,	,	PUNCT
arjefm-1156	61	3	the	the	DET
arjefm-1156	61	4	choice	choice	NOUN
arjefm-1156	61	5	of	of	ADP
arjefm-1156	61	6	bop	bop	NOUN
arjefm-1156	61	7	as	as	ADP
arjefm-1156	61	8	integrated	integrate	VERB
arjefm-1156	61	9	variable	variable	NOUN
arjefm-1156	61	10	in	in	ADP
arjefm-1156	61	11	the	the	DET
arjefm-1156	61	12	model	model	NOUN
arjefm-1156	61	13	is	be	AUX
arjefm-1156	61	14	because	because	SCONJ
arjefm-1156	61	15	,	,	PUNCT
arjefm-1156	61	16	the	the	DET
arjefm-1156	61	17	major	major	ADJ
arjefm-1156	61	18	monetary	monetary	ADJ
arjefm-1156	61	19	policy	policy	NOUN
arjefm-1156	61	20	objective	objective	NOUN
arjefm-1156	61	21	in	in	ADP
arjefm-1156	61	22	nigeria	nigeria	PROPN
arjefm-1156	61	23	is	be	AUX
arjefm-1156	61	24	maintaining	maintain	VERB
arjefm-1156	61	25	a	a	DET
arjefm-1156	61	26	healthy	healthy	ADJ
arjefm-1156	61	27	bop	bop	NOUN
arjefm-1156	61	28	position	position	NOUN
arjefm-1156	61	29	thus	thus	ADV
arjefm-1156	61	30	improving	improve	VERB
arjefm-1156	61	31	standard	standard	NOUN
arjefm-1156	61	32	of	of	ADP
arjefm-1156	61	33	living	living	NOUN
arjefm-1156	61	34	of	of	ADP
arjefm-1156	61	35	the	the	DET
arjefm-1156	61	36	citizenry	citizenry	NOUN
arjefm-1156	61	37	.	.	PUNCT
arjefm-1156	62	1	these	these	PRON
arjefm-1156	62	2	are	be	AUX
arjefm-1156	62	3	the	the	DET
arjefm-1156	62	4	reasons	reason	NOUN
arjefm-1156	62	5	for	for	ADP
arjefm-1156	62	6	this	this	DET
arjefm-1156	62	7	study	study	NOUN
arjefm-1156	62	8	and	and	CCONJ
arjefm-1156	62	9	gaps	gap	NOUN
arjefm-1156	62	10	to	to	PART
arjefm-1156	62	11	be	be	AUX
arjefm-1156	62	12	filled	fill	VERB
arjefm-1156	62	13	in	in	ADP
arjefm-1156	62	14	relation	relation	NOUN
arjefm-1156	62	15	to	to	ADP
arjefm-1156	62	16	existing	exist	VERB
arjefm-1156	62	17	literature	literature	NOUN
arjefm-1156	62	18	.	.	PUNCT
arjefm-1156	63	1	1.1	1.1	NUM
arjefm-1156	63	2	objectives	objective	NOUN
arjefm-1156	63	3	of	of	ADP
arjefm-1156	63	4	the	the	DET
arjefm-1156	63	5	study	study	NOUN
arjefm-1156	63	6	the	the	DET
arjefm-1156	63	7	objectives	objective	NOUN
arjefm-1156	63	8	of	of	ADP
arjefm-1156	63	9	this	this	DET
arjefm-1156	63	10	study	study	NOUN
arjefm-1156	63	11	are	be	AUX
arjefm-1156	63	12	to	to	PART
arjefm-1156	63	13	examine	examine	VERB
arjefm-1156	63	14	the	the	DET
arjefm-1156	63	15	impact	impact	NOUN
arjefm-1156	63	16	of	of	ADP
arjefm-1156	63	17	dollarization	dollarization	NOUN
arjefm-1156	63	18	on	on	ADP
arjefm-1156	63	19	balance	balance	NOUN
arjefm-1156	63	20	of	of	ADP
arjefm-1156	63	21	payment	payment	NOUN
arjefm-1156	63	22	position	position	NOUN
arjefm-1156	63	23	in	in	ADP
arjefm-1156	63	24	nigeria	nigeria	PROPN
arjefm-1156	63	25	and	and	CCONJ
arjefm-1156	63	26	on	on	ADP
arjefm-1156	63	27	consumption	consumption	NOUN
arjefm-1156	63	28	expenditure	expenditure	NOUN
arjefm-1156	63	29	in	in	ADP
arjefm-1156	63	30	nigeria	nigeria	PROPN
arjefm-1156	63	31	2.1	2.1	NUM
arjefm-1156	63	32	theoretical	theoretical	ADJ
arjefm-1156	63	33	literature	literature	NOUN
arjefm-1156	63	34	the	the	DET
arjefm-1156	63	35	theories	theory	NOUN
arjefm-1156	63	36	to	to	PART
arjefm-1156	63	37	consider	consider	VERB
arjefm-1156	63	38	in	in	ADP
arjefm-1156	63	39	this	this	DET
arjefm-1156	63	40	context	context	NOUN
arjefm-1156	63	41	include	include	VERB
arjefm-1156	63	42	:	:	PUNCT
arjefm-1156	63	43	the	the	DET
arjefm-1156	63	44	keynesian	keynesian	ADJ
arjefm-1156	63	45	money	money	NOUN
arjefm-1156	63	46	demand	demand	NOUN
arjefm-1156	63	47	theory	theory	NOUN
arjefm-1156	63	48	,	,	PUNCT
arjefm-1156	63	49	and	and	CCONJ
arjefm-1156	63	50	money	money	NOUN
arjefm-1156	63	51	inthe	inthe	ADJ
arjefm-1156	63	52	-	-	PUNCT
arjefm-1156	63	53	utility	utility	NOUN
arjefm-1156	63	54	function	function	NOUN
arjefm-1156	63	55	.	.	PUNCT
arjefm-1156	64	1	2.1.1	2.1.1	NUM
arjefm-1156	64	2	keynesian	keynesian	ADJ
arjefm-1156	64	3	theory	theory	NOUN
arjefm-1156	64	4	of	of	ADP
arjefm-1156	64	5	money	money	NOUN
arjefm-1156	64	6	demand	demand	NOUN
arjefm-1156	64	7	american	american	PROPN
arjefm-1156	64	8	research	research	PROPN
arjefm-1156	64	9	journal	journal	PROPN
arjefm-1156	64	10	of	of	ADP
arjefm-1156	64	11	economics	economic	NOUN
arjefm-1156	64	12	,	,	PUNCT
arjefm-1156	64	13	finance	finance	NOUN
arjefm-1156	64	14	and	and	CCONJ
arjefm-1156	64	15	management	management	NOUN
arjefm-1156	64	16	volume	volume	NOUN
arjefm-1156	64	17	13	13	NUM
arjefm-1156	64	18	issue	issue	NOUN
arjefm-1156	64	19	1	1	NUM
arjefm-1156	64	20	,	,	PUNCT
arjefm-1156	64	21	january	january	PROPN
arjefm-1156	64	22	-	-	PUNCT
arjefm-1156	64	23	march	march	PROPN
arjefm-1156	64	24	2025	2025	NUM
arjefm-1156	64	25	issn	issn	NOUN
arjefm-1156	64	26	:	:	PUNCT
arjefm-1156	64	27	2836	2836	NUM
arjefm-1156	64	28	-	-	SYM
arjefm-1156	64	29	9416	9416	NUM
arjefm-1156	64	30	impact	impact	NOUN
arjefm-1156	64	31	factor	factor	NOUN
arjefm-1156	64	32	:	:	PUNCT
arjefm-1156	64	33	6.41	6.41	NUM
arjefm-1156	64	34	journal	journal	NOUN
arjefm-1156	64	35	homepage	homepage	NOUN
arjefm-1156	64	36	:	:	PUNCT
arjefm-1156	64	37	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	64	38	,	,	PUNCT
arjefm-1156	64	39	email	email	NOUN
arjefm-1156	64	40	:	:	PUNCT
arjefm-1156	64	41	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1156	64	42	official	official	ADJ
arjefm-1156	64	43	journal	journal	PROPN
arjefm-1156	64	44	of	of	ADP
arjefm-1156	64	45	america	america	PROPN
arjefm-1156	64	46	serial	serial	PROPN
arjefm-1156	64	47	publication	publication	NOUN
arjefm-1156	64	48	american	american	PROPN
arjefm-1156	64	49	research	research	PROPN
arjefm-1156	64	50	journal	journal	PROPN
arjefm-1156	64	51	of	of	ADP
arjefm-1156	64	52	economics	economic	NOUN
arjefm-1156	64	53	,	,	PUNCT
arjefm-1156	64	54	finance	finance	NOUN
arjefm-1156	64	55	and	and	CCONJ
arjefm-1156	64	56	management	management	NOUN
arjefm-1156	64	57	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	64	58	,	,	PUNCT
arjefm-1156	64	59	email	email	NOUN
arjefm-1156	64	60	:	:	PUNCT
arjefm-1156	64	61	contact@americaserial.com	contact@americaserial.com	X
arjefm-1156	65	1	48	48	NUM
arjefm-1156	66	1	|	|	ADV
arjefm-1156	66	2	p	p	NOUN
arjefm-1156	66	3	a	a	DET
arjefm-1156	66	4	g	g	NOUN
arjefm-1156	66	5	e	e	NOUN
arjefm-1156	66	6	this	this	DET
arjefm-1156	66	7	theory	theory	NOUN
arjefm-1156	66	8	was	be	AUX
arjefm-1156	66	9	propounded	propound	VERB
arjefm-1156	66	10	first	first	ADV
arjefm-1156	66	11	by	by	ADP
arjefm-1156	66	12	john	john	PROPN
arjefm-1156	66	13	m.	m.	PROPN
arjefm-1156	66	14	keynesian	keynesian	PROPN
arjefm-1156	66	15	in	in	ADP
arjefm-1156	66	16	1936	1936	NUM
arjefm-1156	66	17	in	in	ADP
arjefm-1156	66	18	his	his	PRON
arjefm-1156	66	19	wellknown	wellknown	NOUN
arjefm-1156	66	20	book	book	NOUN
arjefm-1156	66	21	,	,	PUNCT
arjefm-1156	66	22	“	"	PUNCT
arjefm-1156	66	23	the	the	DET
arjefm-1156	66	24	general	general	ADJ
arjefm-1156	66	25	theory	theory	NOUN
arjefm-1156	66	26	of	of	ADP
arjefm-1156	66	27	employment	employment	NOUN
arjefm-1156	66	28	,	,	PUNCT
arjefm-1156	66	29	interest	interest	NOUN
arjefm-1156	66	30	and	and	CCONJ
arjefm-1156	66	31	money	money	NOUN
arjefm-1156	66	32	”	"	PUNCT
arjefm-1156	66	33	(	(	PUNCT
arjefm-1156	66	34	1936	1936	NUM
arjefm-1156	66	35	)	)	PUNCT
arjefm-1156	66	36	.	.	PUNCT
arjefm-1156	67	1	the	the	DET
arjefm-1156	67	2	theory	theory	NOUN
arjefm-1156	67	3	opines	opine	VERB
arjefm-1156	67	4	that	that	SCONJ
arjefm-1156	67	5	demand	demand	NOUN
arjefm-1156	67	6	for	for	ADP
arjefm-1156	67	7	money	money	NOUN
arjefm-1156	67	8	is	be	AUX
arjefm-1156	67	9	the	the	DET
arjefm-1156	67	10	desire	desire	NOUN
arjefm-1156	67	11	for	for	ADP
arjefm-1156	67	12	holding	hold	VERB
arjefm-1156	67	13	financial	financial	ADJ
arjefm-1156	67	14	assets	asset	NOUN
arjefm-1156	67	15	in	in	ADP
arjefm-1156	67	16	the	the	DET
arjefm-1156	67	17	form	form	NOUN
arjefm-1156	67	18	of	of	ADP
arjefm-1156	67	19	money	money	NOUN
arjefm-1156	67	20	by	by	ADP
arjefm-1156	67	21	the	the	DET
arjefm-1156	67	22	economic	economic	ADJ
arjefm-1156	67	23	agent	agent	NOUN
arjefm-1156	67	24	.	.	PUNCT
arjefm-1156	68	1	the	the	DET
arjefm-1156	68	2	theory	theory	NOUN
arjefm-1156	68	3	argued	argue	VERB
arjefm-1156	68	4	that	that	SCONJ
arjefm-1156	68	5	people	people	NOUN
arjefm-1156	68	6	prefer	prefer	VERB
arjefm-1156	68	7	to	to	PART
arjefm-1156	68	8	hold	hold	VERB
arjefm-1156	68	9	money	money	NOUN
arjefm-1156	68	10	in	in	ADP
arjefm-1156	68	11	other	other	ADJ
arjefm-1156	68	12	to	to	PART
arjefm-1156	68	13	meet	meet	VERB
arjefm-1156	68	14	up	up	ADP
arjefm-1156	68	15	with	with	ADP
arjefm-1156	68	16	their	their	PRON
arjefm-1156	68	17	day	day	NOUN
arjefm-1156	68	18	-	-	PUNCT
arjefm-1156	68	19	to	to	ADP
arjefm-1156	68	20	-	-	PUNCT
arjefm-1156	68	21	day	day	NOUN
arjefm-1156	68	22	transactions	transaction	NOUN
arjefm-1156	68	23	of	of	ADP
arjefm-1156	68	24	personal	personal	ADJ
arjefm-1156	68	25	and	and	CCONJ
arjefm-1156	68	26	business	business	NOUN
arjefm-1156	68	27	exchange	exchange	NOUN
arjefm-1156	68	28	(	(	PUNCT
arjefm-1156	68	29	transaction	transaction	NOUN
arjefm-1156	68	30	demand	demand	NOUN
arjefm-1156	68	31	for	for	ADP
arjefm-1156	68	32	money	money	NOUN
arjefm-1156	68	33	)	)	PUNCT
arjefm-1156	68	34	.	.	PUNCT
arjefm-1156	69	1	the	the	DET
arjefm-1156	69	2	precautionary	precautionary	ADJ
arjefm-1156	69	3	motive	motive	NOUN
arjefm-1156	69	4	relates	relate	VERB
arjefm-1156	69	5	to	to	ADP
arjefm-1156	69	6	the	the	DET
arjefm-1156	69	7	desire	desire	NOUN
arjefm-1156	69	8	to	to	PART
arjefm-1156	69	9	provide	provide	VERB
arjefm-1156	69	10	for	for	ADP
arjefm-1156	69	11	contingencies	contingency	NOUN
arjefm-1156	69	12	requiring	require	VERB
arjefm-1156	69	13	sudden	sudden	ADJ
arjefm-1156	69	14	expenditures	expenditure	NOUN
arjefm-1156	69	15	and	and	CCONJ
arjefm-1156	69	16	for	for	ADP
arjefm-1156	69	17	unforeseen	unforeseen	ADJ
arjefm-1156	69	18	opportunities	opportunity	NOUN
arjefm-1156	69	19	of	of	ADP
arjefm-1156	69	20	advantageous	advantageous	ADJ
arjefm-1156	69	21	purchases	purchase	NOUN
arjefm-1156	69	22	.	.	PUNCT
arjefm-1156	70	1	both	both	DET
arjefm-1156	70	2	individuals	individual	NOUN
arjefm-1156	70	3	and	and	CCONJ
arjefm-1156	70	4	businessmen	businessman	NOUN
arjefm-1156	70	5	keep	keep	VERB
arjefm-1156	70	6	cash	cash	NOUN
arjefm-1156	70	7	in	in	ADP
arjefm-1156	70	8	reserve	reserve	NOUN
arjefm-1156	70	9	to	to	PART
arjefm-1156	70	10	meet	meet	VERB
arjefm-1156	70	11	unexpected	unexpected	ADJ
arjefm-1156	70	12	needs	need	NOUN
arjefm-1156	70	13	.	.	PUNCT
arjefm-1156	71	1	while	while	SCONJ
arjefm-1156	71	2	individuals	individual	NOUN
arjefm-1156	71	3	hold	hold	VERB
arjefm-1156	71	4	some	some	DET
arjefm-1156	71	5	cash	cash	NOUN
arjefm-1156	71	6	to	to	PART
arjefm-1156	71	7	provide	provide	VERB
arjefm-1156	71	8	for	for	ADP
arjefm-1156	71	9	illness	illness	NOUN
arjefm-1156	71	10	,	,	PUNCT
arjefm-1156	71	11	accidents	accident	NOUN
arjefm-1156	71	12	,	,	PUNCT
arjefm-1156	71	13	unemployment	unemployment	NOUN
arjefm-1156	71	14	and	and	CCONJ
arjefm-1156	71	15	other	other	ADJ
arjefm-1156	71	16	unforeseen	unforeseen	ADJ
arjefm-1156	71	17	contingencies	contingency	NOUN
arjefm-1156	71	18	,	,	PUNCT
arjefm-1156	71	19	business	business	NOUN
arjefm-1156	71	20	keeps	keep	VERB
arjefm-1156	71	21	cash	cash	NOUN
arjefm-1156	71	22	in	in	ADP
arjefm-1156	71	23	reserve	reserve	NOUN
arjefm-1156	71	24	to	to	PART
arjefm-1156	71	25	meet	meet	VERB
arjefm-1156	71	26	up	up	ADP
arjefm-1156	71	27	with	with	ADP
arjefm-1156	71	28	unfavorable	unfavorable	ADJ
arjefm-1156	71	29	conditions	condition	NOUN
arjefm-1156	71	30	or	or	CCONJ
arjefm-1156	71	31	to	to	PART
arjefm-1156	71	32	gain	gain	VERB
arjefm-1156	71	33	from	from	ADP
arjefm-1156	71	34	unexpected	unexpected	ADJ
arjefm-1156	71	35	deals	deal	NOUN
arjefm-1156	71	36	.	.	PUNCT
arjefm-1156	72	1	the	the	DET
arjefm-1156	72	2	theory	theory	NOUN
arjefm-1156	72	3	opined	opine	VERB
arjefm-1156	72	4	that	that	SCONJ
arjefm-1156	72	5	the	the	DET
arjefm-1156	72	6	precautionary	precautionary	ADJ
arjefm-1156	72	7	demand	demand	NOUN
arjefm-1156	72	8	for	for	ADP
arjefm-1156	72	9	money	money	NOUN
arjefm-1156	72	10	is	be	AUX
arjefm-1156	72	11	also	also	ADV
arjefm-1156	72	12	a	a	DET
arjefm-1156	72	13	function	function	NOUN
arjefm-1156	72	14	of	of	ADP
arjefm-1156	72	15	the	the	DET
arjefm-1156	72	16	level	level	NOUN
arjefm-1156	72	17	of	of	ADP
arjefm-1156	72	18	income	income	NOUN
arjefm-1156	72	19	.	.	PUNCT
arjefm-1156	73	1	the	the	DET
arjefm-1156	73	2	speculative	speculative	ADJ
arjefm-1156	73	3	motive	motive	NOUN
arjefm-1156	73	4	implies	imply	VERB
arjefm-1156	73	5	that	that	SCONJ
arjefm-1156	73	6	economic	economic	ADJ
arjefm-1156	73	7	agents	agent	NOUN
arjefm-1156	73	8	hold	hold	VERB
arjefm-1156	73	9	money	money	NOUN
arjefm-1156	73	10	in	in	ADP
arjefm-1156	73	11	order	order	NOUN
arjefm-1156	73	12	to	to	PART
arjefm-1156	73	13	secure	secure	VERB
arjefm-1156	73	14	profit	profit	NOUN
arjefm-1156	73	15	.	.	PUNCT
arjefm-1156	74	1	money	money	NOUN
arjefm-1156	74	2	held	hold	VERB
arjefm-1156	74	3	for	for	ADP
arjefm-1156	74	4	speculative	speculative	ADJ
arjefm-1156	74	5	purposes	purpose	NOUN
arjefm-1156	74	6	is	be	AUX
arjefm-1156	74	7	a	a	DET
arjefm-1156	74	8	liquid	liquid	ADJ
arjefm-1156	74	9	store	store	NOUN
arjefm-1156	74	10	of	of	ADP
arjefm-1156	74	11	value	value	NOUN
arjefm-1156	74	12	which	which	PRON
arjefm-1156	74	13	can	can	AUX
arjefm-1156	74	14	be	be	AUX
arjefm-1156	74	15	invested	invest	VERB
arjefm-1156	74	16	at	at	ADP
arjefm-1156	74	17	an	an	DET
arjefm-1156	74	18	opportune	opportune	ADJ
arjefm-1156	74	19	moment	moment	NOUN
arjefm-1156	74	20	in	in	ADP
arjefm-1156	74	21	interest	interest	NOUN
arjefm-1156	74	22	-	-	PUNCT
arjefm-1156	74	23	bearing	bear	VERB
arjefm-1156	74	24	bonds	bond	NOUN
arjefm-1156	74	25	or	or	CCONJ
arjefm-1156	74	26	securities	security	NOUN
arjefm-1156	74	27	.	.	PUNCT
arjefm-1156	75	1	bond	bond	NOUN
arjefm-1156	75	2	prices	price	NOUN
arjefm-1156	75	3	and	and	CCONJ
arjefm-1156	75	4	the	the	DET
arjefm-1156	75	5	rate	rate	NOUN
arjefm-1156	75	6	of	of	ADP
arjefm-1156	75	7	interest	interest	NOUN
arjefm-1156	75	8	are	be	AUX
arjefm-1156	75	9	inversely	inversely	ADV
arjefm-1156	75	10	related	relate	VERB
arjefm-1156	75	11	to	to	ADP
arjefm-1156	75	12	each	each	DET
arjefm-1156	75	13	other	other	ADJ
arjefm-1156	75	14	.	.	PUNCT
arjefm-1156	76	1	in	in	ADP
arjefm-1156	76	2	the	the	DET
arjefm-1156	76	3	argument	argument	NOUN
arjefm-1156	76	4	,	,	PUNCT
arjefm-1156	76	5	keynes	keynes	PROPN
arjefm-1156	76	6	argued	argue	VERB
arjefm-1156	76	7	that	that	SCONJ
arjefm-1156	76	8	low	low	ADJ
arjefm-1156	76	9	bond	bond	NOUN
arjefm-1156	76	10	prices	price	NOUN
arjefm-1156	76	11	are	be	AUX
arjefm-1156	76	12	indicative	indicative	ADJ
arjefm-1156	76	13	of	of	ADP
arjefm-1156	76	14	high	high	ADJ
arjefm-1156	76	15	-	-	PUNCT
arjefm-1156	76	16	interest	interest	NOUN
arjefm-1156	76	17	rates	rate	NOUN
arjefm-1156	76	18	,	,	PUNCT
arjefm-1156	76	19	and	and	CCONJ
arjefm-1156	76	20	high	high	ADJ
arjefm-1156	76	21	bond	bond	NOUN
arjefm-1156	76	22	prices	price	NOUN
arjefm-1156	76	23	reflect	reflect	VERB
arjefm-1156	76	24	low	low	ADJ
arjefm-1156	76	25	-	-	PUNCT
arjefm-1156	76	26	interest	interest	NOUN
arjefm-1156	76	27	rates	rate	NOUN
arjefm-1156	76	28	.	.	PUNCT
arjefm-1156	77	1	a	a	DET
arjefm-1156	77	2	bond	bond	NOUN
arjefm-1156	77	3	carries	carry	VERB
arjefm-1156	77	4	a	a	DET
arjefm-1156	77	5	fixed	fix	VERB
arjefm-1156	77	6	rate	rate	NOUN
arjefm-1156	77	7	of	of	ADP
arjefm-1156	77	8	interest	interest	NOUN
arjefm-1156	77	9	.	.	PUNCT
arjefm-1156	78	1	2.1.2	2.1.2	NUM
arjefm-1156	78	2	money	money	NOUN
arjefm-1156	78	3	in	in	ADP
arjefm-1156	78	4	-	-	PUNCT
arjefm-1156	78	5	the	the	DET
arjefm-1156	78	6	-	-	PUNCT
arjefm-1156	78	7	utility	utility	NOUN
arjefm-1156	78	8	function	function	NOUN
arjefm-1156	78	9	this	this	DET
arjefm-1156	78	10	theory	theory	NOUN
arjefm-1156	78	11	was	be	AUX
arjefm-1156	78	12	put	put	VERB
arjefm-1156	78	13	forward	forward	ADV
arjefm-1156	78	14	by	by	ADP
arjefm-1156	78	15	sidrauski	sidrauski	PROPN
arjefm-1156	78	16	(	(	PUNCT
arjefm-1156	78	17	1967	1967	NUM
arjefm-1156	78	18	)	)	PUNCT
arjefm-1156	78	19	.	.	PUNCT
arjefm-1156	79	1	the	the	DET
arjefm-1156	79	2	theory	theory	NOUN
arjefm-1156	79	3	popularly	popularly	ADV
arjefm-1156	79	4	known	know	VERB
arjefm-1156	79	5	as	as	ADP
arjefm-1156	79	6	“	"	PUNCT
arjefm-1156	79	7	miuf	miuf	ADJ
arjefm-1156	79	8	theory	theory	NOUN
arjefm-1156	79	9	”	"	PUNCT
arjefm-1156	79	10	argued	argue	VERB
arjefm-1156	79	11	that	that	SCONJ
arjefm-1156	79	12	“	"	PUNCT
arjefm-1156	79	13	people	people	NOUN
arjefm-1156	79	14	have	have	VERB
arjefm-1156	79	15	a	a	DET
arjefm-1156	79	16	tendency	tendency	NOUN
arjefm-1156	79	17	to	to	PART
arjefm-1156	79	18	hold	hold	VERB
arjefm-1156	79	19	certain	certain	ADJ
arjefm-1156	79	20	amount	amount	NOUN
arjefm-1156	79	21	of	of	ADP
arjefm-1156	79	22	cash	cash	NOUN
arjefm-1156	79	23	because	because	SCONJ
arjefm-1156	79	24	they	they	PRON
arjefm-1156	79	25	derive	derive	VERB
arjefm-1156	79	26	utility	utility	NOUN
arjefm-1156	79	27	from	from	ADP
arjefm-1156	79	28	holding	hold	VERB
arjefm-1156	79	29	it	it	PRON
arjefm-1156	79	30	”	"	PUNCT
arjefm-1156	79	31	.	.	PUNCT
arjefm-1156	80	1	the	the	DET
arjefm-1156	80	2	miuf	miuf	PROPN
arjefm-1156	80	3	theory	theory	NOUN
arjefm-1156	80	4	assumes	assume	VERB
arjefm-1156	80	5	that	that	SCONJ
arjefm-1156	80	6	money	money	NOUN
arjefm-1156	80	7	yields	yield	VERB
arjefm-1156	80	8	utility	utility	NOUN
arjefm-1156	80	9	at	at	ADP
arjefm-1156	80	10	every	every	DET
arjefm-1156	80	11	function	function	NOUN
arjefm-1156	80	12	.	.	PUNCT
arjefm-1156	81	1	the	the	DET
arjefm-1156	81	2	model	model	NOUN
arjefm-1156	81	3	enables	enable	VERB
arjefm-1156	81	4	researchers	researcher	NOUN
arjefm-1156	81	5	to	to	PART
arjefm-1156	81	6	study	study	VERB
arjefm-1156	81	7	the	the	DET
arjefm-1156	81	8	impact	impact	NOUN
arjefm-1156	81	9	of	of	ADP
arjefm-1156	81	10	money	money	NOUN
arjefm-1156	81	11	on	on	ADP
arjefm-1156	81	12	the	the	DET
arjefm-1156	81	13	real	real	ADJ
arjefm-1156	81	14	economy	economy	NOUN
arjefm-1156	81	15	,	,	PUNCT
arjefm-1156	81	16	impact	impact	NOUN
arjefm-1156	81	17	of	of	ADP
arjefm-1156	81	18	money	money	NOUN
arjefm-1156	81	19	on	on	ADP
arjefm-1156	81	20	prices	price	NOUN
arjefm-1156	81	21	as	as	ADV
arjefm-1156	81	22	well	well	ADV
arjefm-1156	81	23	as	as	ADP
arjefm-1156	81	24	optimal	optimal	ADJ
arjefm-1156	81	25	rate	rate	NOUN
arjefm-1156	81	26	of	of	ADP
arjefm-1156	81	27	inflation	inflation	NOUN
arjefm-1156	81	28	.	.	PUNCT
arjefm-1156	82	1	in	in	ADP
arjefm-1156	82	2	a	a	DET
arjefm-1156	82	3	similar	similar	ADJ
arjefm-1156	82	4	case	case	NOUN
arjefm-1156	82	5	,	,	PUNCT
arjefm-1156	82	6	poterba	poterba	NOUN
arjefm-1156	82	7	and	and	CCONJ
arjefm-1156	82	8	rotemberg	rotemberg	PROPN
arjefm-1156	82	9	(	(	PUNCT
arjefm-1156	82	10	1986	1986	NUM
arjefm-1156	82	11	)	)	PUNCT
arjefm-1156	82	12	in	in	ADP
arjefm-1156	82	13	their	their	PRON
arjefm-1156	82	14	argument	argument	NOUN
arjefm-1156	82	15	maintain	maintain	VERB
arjefm-1156	82	16	that	that	SCONJ
arjefm-1156	82	17	the	the	DET
arjefm-1156	82	18	convenient	convenient	ADJ
arjefm-1156	82	19	fiction	fiction	NOUN
arjefm-1156	82	20	that	that	SCONJ
arjefm-1156	82	21	movements	movement	NOUN
arjefm-1156	82	22	in	in	ADP
arjefm-1156	82	23	per	per	ADP
arjefm-1156	82	24	capita	capita	NOUN
arjefm-1156	82	25	consumption	consumption	NOUN
arjefm-1156	82	26	,	,	PUNCT
arjefm-1156	82	27	as	as	ADV
arjefm-1156	82	28	well	well	ADV
arjefm-1156	82	29	as	as	ADP
arjefm-1156	82	30	real	real	ADJ
arjefm-1156	82	31	asset	asset	NOUN
arjefm-1156	82	32	holdings	holding	NOUN
arjefm-1156	82	33	,	,	PUNCT
arjefm-1156	82	34	can	can	AUX
arjefm-1156	82	35	be	be	AUX
arjefm-1156	82	36	attributed	attribute	VERB
arjefm-1156	82	37	to	to	ADP
arjefm-1156	82	38	the	the	DET
arjefm-1156	82	39	optimizing	optimize	VERB
arjefm-1156	82	40	behaviour	behaviour	NOUN
arjefm-1156	82	41	of	of	ADP
arjefm-1156	82	42	a	a	DET
arjefm-1156	82	43	rational	rational	ADJ
arjefm-1156	82	44	representative	representative	ADJ
arjefm-1156	82	45	consumer	consumer	NOUN
arjefm-1156	82	46	.	.	PUNCT
arjefm-1156	83	1	thus	thus	ADV
arjefm-1156	83	2	,	,	PUNCT
arjefm-1156	83	3	having	have	VERB
arjefm-1156	83	4	constant	constant	ADJ
arjefm-1156	83	5	preferences	preference	NOUN
arjefm-1156	83	6	,	,	PUNCT
arjefm-1156	83	7	and	and	CCONJ
arjefm-1156	83	8	derives	derive	VERB
arjefm-1156	83	9	utility	utility	NOUN
arjefm-1156	83	10	by	by	ADP
arjefm-1156	83	11	consuming	consume	VERB
arjefm-1156	83	12	and	and	CCONJ
arjefm-1156	83	13	by	by	ADP
arjefm-1156	83	14	holding	hold	VERB
arjefm-1156	83	15	assets	asset	NOUN
arjefm-1156	83	16	.	.	PUNCT
arjefm-1156	84	1	this	this	PRON
arjefm-1156	84	2	means	mean	VERB
arjefm-1156	84	3	that	that	SCONJ
arjefm-1156	84	4	,	,	PUNCT
arjefm-1156	84	5	households	household	NOUN
arjefm-1156	84	6	’	'	PUNCT
arjefm-1156	84	7	income	income	NOUN
arjefm-1156	84	8	can	can	AUX
arjefm-1156	84	9	be	be	AUX
arjefm-1156	84	10	spent	spend	VERB
arjefm-1156	84	11	on	on	ADP
arjefm-1156	84	12	consumption	consumption	NOUN
arjefm-1156	84	13	,	,	PUNCT
arjefm-1156	84	14	invested	invest	VERB
arjefm-1156	84	15	as	as	ADP
arjefm-1156	84	16	capital	capital	NOUN
arjefm-1156	84	17	,	,	PUNCT
arjefm-1156	84	18	saved	save	VERB
arjefm-1156	84	19	as	as	ADP
arjefm-1156	84	20	bonds	bond	NOUN
arjefm-1156	84	21	or	or	CCONJ
arjefm-1156	84	22	kept	keep	VERB
arjefm-1156	84	23	as	as	ADP
arjefm-1156	84	24	money	money	NOUN
arjefm-1156	84	25	.	.	PUNCT
arjefm-1156	85	1	american	american	PROPN
arjefm-1156	85	2	research	research	PROPN
arjefm-1156	85	3	journal	journal	PROPN
arjefm-1156	85	4	of	of	ADP
arjefm-1156	85	5	economics	economic	NOUN
arjefm-1156	85	6	,	,	PUNCT
arjefm-1156	85	7	finance	finance	NOUN
arjefm-1156	85	8	and	and	CCONJ
arjefm-1156	85	9	management	management	NOUN
arjefm-1156	85	10	volume	volume	NOUN
arjefm-1156	85	11	13	13	NUM
arjefm-1156	85	12	issue	issue	NOUN
arjefm-1156	85	13	1	1	NUM
arjefm-1156	85	14	,	,	PUNCT
arjefm-1156	85	15	january	january	PROPN
arjefm-1156	85	16	-	-	PUNCT
arjefm-1156	85	17	march	march	PROPN
arjefm-1156	85	18	2025	2025	NUM
arjefm-1156	85	19	issn	issn	NOUN
arjefm-1156	85	20	:	:	PUNCT
arjefm-1156	85	21	2836	2836	NUM
arjefm-1156	85	22	-	-	SYM
arjefm-1156	85	23	9416	9416	NUM
arjefm-1156	85	24	impact	impact	NOUN
arjefm-1156	85	25	factor	factor	NOUN
arjefm-1156	85	26	:	:	PUNCT
arjefm-1156	85	27	6.41	6.41	NUM
arjefm-1156	85	28	journal	journal	NOUN
arjefm-1156	85	29	homepage	homepage	NOUN
arjefm-1156	85	30	:	:	PUNCT
arjefm-1156	85	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	85	32	,	,	PUNCT
arjefm-1156	85	33	email	email	NOUN
arjefm-1156	85	34	:	:	PUNCT
arjefm-1156	86	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1156	86	2	official	official	ADJ
arjefm-1156	86	3	journal	journal	PROPN
arjefm-1156	86	4	of	of	ADP
arjefm-1156	86	5	america	america	PROPN
arjefm-1156	86	6	serial	serial	PROPN
arjefm-1156	86	7	publication	publication	NOUN
arjefm-1156	86	8	american	american	PROPN
arjefm-1156	86	9	research	research	PROPN
arjefm-1156	86	10	journal	journal	PROPN
arjefm-1156	86	11	of	of	ADP
arjefm-1156	86	12	economics	economic	NOUN
arjefm-1156	86	13	,	,	PUNCT
arjefm-1156	86	14	finance	finance	NOUN
arjefm-1156	86	15	and	and	CCONJ
arjefm-1156	86	16	management	management	NOUN
arjefm-1156	86	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	86	18	,	,	PUNCT
arjefm-1156	86	19	email	email	NOUN
arjefm-1156	86	20	:	:	PUNCT
arjefm-1156	86	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-1156	86	22	49	49	NUM
arjefm-1156	87	1	|	|	ADV
arjefm-1156	87	2	p	p	X
arjefm-1156	87	3	a	a	DET
arjefm-1156	87	4	g	g	NOUN
arjefm-1156	87	5	e	e	ADP
arjefm-1156	87	6	2.2	2.2	NUM
arjefm-1156	87	7	review	review	NOUN
arjefm-1156	87	8	of	of	ADP
arjefm-1156	87	9	empirical	empirical	ADJ
arjefm-1156	87	10	literature	literature	NOUN
arjefm-1156	87	11	saviour	saviour	NOUN
arjefm-1156	87	12	,	,	PUNCT
arjefm-1156	87	13	salamat	salamat	NOUN
arjefm-1156	87	14	and	and	CCONJ
arjefm-1156	87	15	james	james	PROPN
arjefm-1156	87	16	(	(	PUNCT
arjefm-1156	87	17	2024	2024	NUM
arjefm-1156	87	18	)	)	PUNCT
arjefm-1156	87	19	in	in	ADP
arjefm-1156	87	20	their	their	PRON
arjefm-1156	87	21	study	study	NOUN
arjefm-1156	87	22	examined	examine	VERB
arjefm-1156	87	23	the	the	DET
arjefm-1156	87	24	impact	impact	NOUN
arjefm-1156	87	25	of	of	ADP
arjefm-1156	87	26	currency	currency	NOUN
arjefm-1156	87	27	substitution	substitution	NOUN
arjefm-1156	87	28	on	on	ADP
arjefm-1156	87	29	private	private	ADJ
arjefm-1156	87	30	investment	investment	NOUN
arjefm-1156	87	31	expenditure	expenditure	NOUN
arjefm-1156	87	32	in	in	ADP
arjefm-1156	87	33	nigeria	nigeria	PROPN
arjefm-1156	87	34	.	.	PUNCT
arjefm-1156	88	1	central	central	PROPN
arjefm-1156	88	2	bank	bank	PROPN
arjefm-1156	88	3	of	of	ADP
arjefm-1156	88	4	nigeria	nigeria	PROPN
arjefm-1156	88	5	(	(	PUNCT
arjefm-1156	88	6	cbn	cbn	PROPN
arjefm-1156	88	7	)	)	PUNCT
arjefm-1156	88	8	yearly	yearly	ADV
arjefm-1156	88	9	statistical	statistical	ADJ
arjefm-1156	88	10	bulletin	bulletin	NOUN
arjefm-1156	88	11	formed	form	VERB
arjefm-1156	88	12	the	the	DET
arjefm-1156	88	13	major	major	ADJ
arjefm-1156	88	14	source	source	NOUN
arjefm-1156	88	15	of	of	ADP
arjefm-1156	88	16	data	datum	NOUN
arjefm-1156	88	17	for	for	ADP
arjefm-1156	88	18	their	their	PRON
arjefm-1156	88	19	study	study	NOUN
arjefm-1156	88	20	.	.	PUNCT
arjefm-1156	89	1	the	the	DET
arjefm-1156	89	2	study	study	NOUN
arjefm-1156	89	3	employed	employ	VERB
arjefm-1156	89	4	the	the	DET
arjefm-1156	89	5	ardl	ardl	NOUN
arjefm-1156	89	6	estimation	estimation	NOUN
arjefm-1156	89	7	technique	technique	NOUN
arjefm-1156	89	8	to	to	PART
arjefm-1156	89	9	estimate	estimate	VERB
arjefm-1156	89	10	the	the	DET
arjefm-1156	89	11	long	long	ADJ
arjefm-1156	89	12	and	and	CCONJ
arjefm-1156	89	13	short	short	ADJ
arjefm-1156	89	14	run	run	NOUN
arjefm-1156	89	15	parameters	parameter	NOUN
arjefm-1156	89	16	.	.	PUNCT
arjefm-1156	90	1	the	the	DET
arjefm-1156	90	2	results	result	NOUN
arjefm-1156	90	3	of	of	ADP
arjefm-1156	90	4	the	the	DET
arjefm-1156	90	5	study	study	NOUN
arjefm-1156	90	6	showed	show	VERB
arjefm-1156	90	7	that	that	SCONJ
arjefm-1156	90	8	domestic	domestic	ADJ
arjefm-1156	90	9	interest	interest	NOUN
arjefm-1156	90	10	rate	rate	NOUN
arjefm-1156	90	11	(	(	PUNCT
arjefm-1156	90	12	dir	dir	NOUN
arjefm-1156	90	13	)	)	PUNCT
arjefm-1156	90	14	coefficient	coefficient	NOUN
arjefm-1156	90	15	has	have	VERB
arjefm-1156	90	16	a	a	DET
arjefm-1156	90	17	negative	negative	ADJ
arjefm-1156	90	18	relationship	relationship	NOUN
arjefm-1156	90	19	to	to	ADP
arjefm-1156	90	20	the	the	DET
arjefm-1156	90	21	private	private	ADJ
arjefm-1156	90	22	investment	investment	NOUN
arjefm-1156	90	23	with	with	ADP
arjefm-1156	90	24	changes	change	NOUN
arjefm-1156	90	25	in	in	ADP
arjefm-1156	90	26	currency	currency	NOUN
arjefm-1156	90	27	substitution	substitution	NOUN
arjefm-1156	90	28	in	in	ADP
arjefm-1156	90	29	nigeria	nigeria	PROPN
arjefm-1156	90	30	.	.	PUNCT
arjefm-1156	91	1	based	base	VERB
arjefm-1156	91	2	on	on	ADP
arjefm-1156	91	3	the	the	DET
arjefm-1156	91	4	above	above	ADJ
arjefm-1156	91	5	findings	finding	NOUN
arjefm-1156	91	6	,	,	PUNCT
arjefm-1156	91	7	the	the	DET
arjefm-1156	91	8	study	study	NOUN
arjefm-1156	91	9	therefore	therefore	ADV
arjefm-1156	91	10	suggested	suggest	VERB
arjefm-1156	91	11	that	that	SCONJ
arjefm-1156	91	12	government	government	NOUN
arjefm-1156	91	13	should	should	AUX
arjefm-1156	91	14	through	through	ADP
arjefm-1156	91	15	its	its	PRON
arjefm-1156	91	16	policy	policy	NOUN
arjefm-1156	91	17	makers	maker	NOUN
arjefm-1156	91	18	strengthen	strengthen	VERB
arjefm-1156	91	19	the	the	DET
arjefm-1156	91	20	domestic	domestic	ADJ
arjefm-1156	91	21	currency	currency	NOUN
arjefm-1156	91	22	for	for	ADP
arjefm-1156	91	23	effective	effective	ADJ
arjefm-1156	91	24	interest	interest	NOUN
arjefm-1156	91	25	rate	rate	NOUN
arjefm-1156	91	26	policy	policy	NOUN
arjefm-1156	91	27	to	to	PART
arjefm-1156	91	28	invoke	invoke	VERB
arjefm-1156	91	29	greater	great	ADJ
arjefm-1156	91	30	confidence	confidence	NOUN
arjefm-1156	91	31	among	among	ADP
arjefm-1156	91	32	domestic	domestic	ADJ
arjefm-1156	91	33	private	private	ADJ
arjefm-1156	91	34	investors	investor	NOUN
arjefm-1156	91	35	to	to	PART
arjefm-1156	91	36	induce	induce	VERB
arjefm-1156	91	37	increased	increased	ADJ
arjefm-1156	91	38	investment	investment	NOUN
arjefm-1156	91	39	and	and	CCONJ
arjefm-1156	91	40	growth	growth	NOUN
arjefm-1156	91	41	.	.	PUNCT
arjefm-1156	92	1	saviour	saviour	PROPN
arjefm-1156	92	2	,	,	PUNCT
arjefm-1156	92	3	ferdinand	ferdinand	PROPN
arjefm-1156	92	4	,	,	PUNCT
arjefm-1156	92	5	jacob	jacob	PROPN
arjefm-1156	92	6	(	(	PUNCT
arjefm-1156	92	7	2022	2022	NUM
arjefm-1156	92	8	)	)	PUNCT
arjefm-1156	92	9	,	,	PUNCT
arjefm-1156	92	10	in	in	ADP
arjefm-1156	92	11	their	their	PRON
arjefm-1156	92	12	study	study	NOUN
arjefm-1156	92	13	investigated	investigate	VERB
arjefm-1156	92	14	the	the	DET
arjefm-1156	92	15	effects	effect	NOUN
arjefm-1156	92	16	of	of	ADP
arjefm-1156	92	17	selected	select	VERB
arjefm-1156	92	18	macroeconomic	macroeconomic	ADJ
arjefm-1156	92	19	variables	variable	NOUN
arjefm-1156	92	20	on	on	ADP
arjefm-1156	92	21	stock	stock	NOUN
arjefm-1156	92	22	market	market	NOUN
arjefm-1156	92	23	performance	performance	NOUN
arjefm-1156	92	24	in	in	ADP
arjefm-1156	92	25	nigeria	nigeria	PROPN
arjefm-1156	92	26	.	.	PUNCT
arjefm-1156	93	1	the	the	DET
arjefm-1156	93	2	study	study	NOUN
arjefm-1156	93	3	employed	employ	VERB
arjefm-1156	93	4	time	time	NOUN
arjefm-1156	93	5	-	-	PUNCT
arjefm-1156	93	6	series	series	NOUN
arjefm-1156	93	7	data	datum	NOUN
arjefm-1156	93	8	obtained	obtain	VERB
arjefm-1156	93	9	from	from	ADP
arjefm-1156	93	10	the	the	DET
arjefm-1156	93	11	central	central	ADJ
arjefm-1156	93	12	bank	bank	PROPN
arjefm-1156	93	13	of	of	ADP
arjefm-1156	93	14	nigeria	nigeria	PROPN
arjefm-1156	93	15	's	's	PART
arjefm-1156	93	16	statistical	statistical	ADJ
arjefm-1156	93	17	bulletin	bulletin	NOUN
arjefm-1156	93	18	and	and	CCONJ
arjefm-1156	93	19	world	world	NOUN
arjefm-1156	93	20	development	development	NOUN
arjefm-1156	93	21	indicators	indicator	NOUN
arjefm-1156	93	22	.	.	PUNCT
arjefm-1156	94	1	stock	stock	NOUN
arjefm-1156	94	2	market	market	NOUN
arjefm-1156	94	3	performance	performance	NOUN
arjefm-1156	94	4	was	be	AUX
arjefm-1156	94	5	measured	measure	VERB
arjefm-1156	94	6	using	use	VERB
arjefm-1156	94	7	the	the	DET
arjefm-1156	94	8	all	all	PRON
arjefm-1156	94	9	-	-	PUNCT
arjefm-1156	94	10	shares	share	NOUN
arjefm-1156	94	11	index	index	NOUN
arjefm-1156	94	12	while	while	SCONJ
arjefm-1156	94	13	the	the	DET
arjefm-1156	94	14	identified	identify	VERB
arjefm-1156	94	15	macroeconomic	macroeconomic	ADJ
arjefm-1156	94	16	variables	variable	NOUN
arjefm-1156	94	17	included	include	VERB
arjefm-1156	94	18	gdp	gdp	NOUN
arjefm-1156	94	19	growth	growth	NOUN
arjefm-1156	94	20	,	,	PUNCT
arjefm-1156	94	21	broad	broad	ADJ
arjefm-1156	94	22	money	money	NOUN
arjefm-1156	94	23	supply	supply	NOUN
arjefm-1156	94	24	,	,	PUNCT
arjefm-1156	94	25	exchange	exchange	NOUN
arjefm-1156	94	26	rate	rate	NOUN
arjefm-1156	94	27	,	,	PUNCT
arjefm-1156	94	28	savings	saving	NOUN
arjefm-1156	94	29	interest	interest	NOUN
arjefm-1156	94	30	rate	rate	NOUN
arjefm-1156	94	31	,	,	PUNCT
arjefm-1156	94	32	and	and	CCONJ
arjefm-1156	94	33	inflation	inflation	NOUN
arjefm-1156	94	34	rate	rate	NOUN
arjefm-1156	94	35	.	.	PUNCT
arjefm-1156	95	1	an	an	DET
arjefm-1156	95	2	autoregressive	autoregressive	ADJ
arjefm-1156	95	3	distributive	distributive	ADJ
arjefm-1156	95	4	lag	lag	NOUN
arjefm-1156	95	5	(	(	PUNCT
arjefm-1156	95	6	ardl	ardl	NOUN
arjefm-1156	95	7	)	)	PUNCT
arjefm-1156	95	8	estimation	estimation	NOUN
arjefm-1156	95	9	technique	technique	NOUN
arjefm-1156	95	10	was	be	AUX
arjefm-1156	95	11	used	use	VERB
arjefm-1156	95	12	to	to	PART
arjefm-1156	95	13	establish	establish	VERB
arjefm-1156	95	14	the	the	DET
arjefm-1156	95	15	long	long	ADJ
arjefm-1156	95	16	run	run	NOUN
arjefm-1156	95	17	relationship	relationship	NOUN
arjefm-1156	95	18	among	among	ADP
arjefm-1156	95	19	the	the	DET
arjefm-1156	95	20	variables	variable	NOUN
arjefm-1156	95	21	,	,	PUNCT
arjefm-1156	95	22	and	and	CCONJ
arjefm-1156	95	23	it	it	PRON
arjefm-1156	95	24	was	be	AUX
arjefm-1156	95	25	revealed	reveal	VERB
arjefm-1156	95	26	that	that	SCONJ
arjefm-1156	95	27	a	a	DET
arjefm-1156	95	28	long	long	ADJ
arjefm-1156	95	29	run	run	NOUN
arjefm-1156	95	30	relationship	relationship	NOUN
arjefm-1156	95	31	existed	exist	VERB
arjefm-1156	95	32	among	among	ADP
arjefm-1156	95	33	the	the	DET
arjefm-1156	95	34	variables	variable	NOUN
arjefm-1156	95	35	in	in	ADP
arjefm-1156	95	36	the	the	DET
arjefm-1156	95	37	estimated	estimate	VERB
arjefm-1156	95	38	model	model	NOUN
arjefm-1156	95	39	.	.	PUNCT
arjefm-1156	96	1	the	the	DET
arjefm-1156	96	2	result	result	NOUN
arjefm-1156	96	3	shows	show	VERB
arjefm-1156	96	4	that	that	SCONJ
arjefm-1156	96	5	macroeconomic	macroeconomic	ADJ
arjefm-1156	96	6	variables	variable	NOUN
arjefm-1156	96	7	such	such	ADJ
arjefm-1156	96	8	as	as	ADP
arjefm-1156	96	9	gross	gross	ADJ
arjefm-1156	96	10	domestic	domestic	ADJ
arjefm-1156	96	11	product	product	NOUN
arjefm-1156	96	12	,	,	PUNCT
arjefm-1156	96	13	broad	broad	ADJ
arjefm-1156	96	14	money	money	NOUN
arjefm-1156	96	15	supply	supply	NOUN
arjefm-1156	96	16	,	,	PUNCT
arjefm-1156	96	17	exchange	exchange	NOUN
arjefm-1156	96	18	rate	rate	NOUN
arjefm-1156	96	19	,	,	PUNCT
arjefm-1156	96	20	and	and	CCONJ
arjefm-1156	96	21	savings	savings	NOUN
arjefm-1156	96	22	interest	interest	NOUN
arjefm-1156	96	23	rate	rate	NOUN
arjefm-1156	96	24	have	have	VERB
arjefm-1156	96	25	a	a	DET
arjefm-1156	96	26	positive	positive	ADJ
arjefm-1156	96	27	effect	effect	NOUN
arjefm-1156	96	28	on	on	ADP
arjefm-1156	96	29	stock	stock	NOUN
arjefm-1156	96	30	market	market	NOUN
arjefm-1156	96	31	performance	performance	NOUN
arjefm-1156	96	32	in	in	ADP
arjefm-1156	96	33	nigeria	nigeria	PROPN
arjefm-1156	96	34	.	.	PUNCT
arjefm-1156	97	1	on	on	ADP
arjefm-1156	97	2	the	the	DET
arjefm-1156	97	3	other	other	ADJ
arjefm-1156	97	4	hand	hand	NOUN
arjefm-1156	97	5	,	,	PUNCT
arjefm-1156	97	6	the	the	DET
arjefm-1156	97	7	results	result	NOUN
arjefm-1156	97	8	showed	show	VERB
arjefm-1156	97	9	that	that	SCONJ
arjefm-1156	97	10	the	the	DET
arjefm-1156	97	11	inflation	inflation	NOUN
arjefm-1156	97	12	rate	rate	NOUN
arjefm-1156	97	13	has	have	VERB
arjefm-1156	97	14	a	a	DET
arjefm-1156	97	15	negative	negative	ADJ
arjefm-1156	97	16	effect	effect	NOUN
arjefm-1156	97	17	on	on	ADP
arjefm-1156	97	18	stock	stock	NOUN
arjefm-1156	97	19	market	market	NOUN
arjefm-1156	97	20	performance	performance	NOUN
arjefm-1156	97	21	in	in	ADP
arjefm-1156	97	22	nigeria	nigeria	PROPN
arjefm-1156	97	23	.	.	PUNCT
arjefm-1156	98	1	predicated	predicate	VERB
arjefm-1156	98	2	on	on	ADP
arjefm-1156	98	3	the	the	DET
arjefm-1156	98	4	result	result	NOUN
arjefm-1156	98	5	,	,	PUNCT
arjefm-1156	98	6	the	the	DET
arjefm-1156	98	7	study	study	NOUN
arjefm-1156	98	8	recommended	recommend	VERB
arjefm-1156	98	9	that	that	SCONJ
arjefm-1156	98	10	policies	policy	NOUN
arjefm-1156	98	11	to	to	PART
arjefm-1156	98	12	increase	increase	VERB
arjefm-1156	98	13	gross	gross	ADJ
arjefm-1156	98	14	domestic	domestic	ADJ
arjefm-1156	98	15	product	product	NOUN
arjefm-1156	98	16	,	,	PUNCT
arjefm-1156	98	17	exchange	exchange	NOUN
arjefm-1156	98	18	rate	rate	NOUN
arjefm-1156	98	19	,	,	PUNCT
arjefm-1156	98	20	interest	interest	NOUN
arjefm-1156	98	21	rate	rate	NOUN
arjefm-1156	98	22	,	,	PUNCT
arjefm-1156	98	23	and	and	CCONJ
arjefm-1156	98	24	money	money	NOUN
arjefm-1156	98	25	supply	supply	NOUN
arjefm-1156	98	26	should	should	AUX
arjefm-1156	98	27	be	be	AUX
arjefm-1156	98	28	implemented	implement	VERB
arjefm-1156	98	29	because	because	SCONJ
arjefm-1156	98	30	they	they	PRON
arjefm-1156	98	31	can	can	AUX
arjefm-1156	98	32	lead	lead	VERB
arjefm-1156	98	33	to	to	ADP
arjefm-1156	98	34	an	an	DET
arjefm-1156	98	35	improvement	improvement	NOUN
arjefm-1156	98	36	in	in	ADP
arjefm-1156	98	37	the	the	DET
arjefm-1156	98	38	performance	performance	NOUN
arjefm-1156	98	39	of	of	ADP
arjefm-1156	98	40	the	the	DET
arjefm-1156	98	41	stock	stock	NOUN
arjefm-1156	98	42	market	market	NOUN
arjefm-1156	98	43	,	,	PUNCT
arjefm-1156	98	44	while	while	SCONJ
arjefm-1156	98	45	the	the	DET
arjefm-1156	98	46	inflation	inflation	NOUN
arjefm-1156	98	47	rate	rate	NOUN
arjefm-1156	98	48	should	should	AUX
arjefm-1156	98	49	be	be	AUX
arjefm-1156	98	50	maintained	maintain	VERB
arjefm-1156	98	51	at	at	ADP
arjefm-1156	98	52	a	a	DET
arjefm-1156	98	53	single	single	ADJ
arjefm-1156	98	54	digit	digit	NOUN
arjefm-1156	98	55	to	to	PART
arjefm-1156	98	56	prevent	prevent	VERB
arjefm-1156	98	57	its	its	PRON
arjefm-1156	98	58	negative	negative	ADJ
arjefm-1156	98	59	effect	effect	NOUN
arjefm-1156	98	60	on	on	ADP
arjefm-1156	98	61	the	the	DET
arjefm-1156	98	62	performance	performance	NOUN
arjefm-1156	98	63	of	of	ADP
arjefm-1156	98	64	the	the	DET
arjefm-1156	98	65	stock	stock	NOUN
arjefm-1156	98	66	market	market	NOUN
arjefm-1156	98	67	in	in	ADP
arjefm-1156	98	68	nigeria	nigeria	PROPN
arjefm-1156	98	69	.	.	PUNCT
arjefm-1156	99	1	american	american	PROPN
arjefm-1156	99	2	research	research	PROPN
arjefm-1156	99	3	journal	journal	PROPN
arjefm-1156	99	4	of	of	ADP
arjefm-1156	99	5	economics	economic	NOUN
arjefm-1156	99	6	,	,	PUNCT
arjefm-1156	99	7	finance	finance	NOUN
arjefm-1156	99	8	and	and	CCONJ
arjefm-1156	99	9	management	management	NOUN
arjefm-1156	99	10	volume	volume	NOUN
arjefm-1156	99	11	13	13	NUM
arjefm-1156	99	12	issue	issue	NOUN
arjefm-1156	99	13	1	1	NUM
arjefm-1156	99	14	,	,	PUNCT
arjefm-1156	99	15	january	january	PROPN
arjefm-1156	99	16	-	-	PUNCT
arjefm-1156	99	17	march	march	PROPN
arjefm-1156	99	18	2025	2025	NUM
arjefm-1156	99	19	issn	issn	NOUN
arjefm-1156	99	20	:	:	PUNCT
arjefm-1156	99	21	2836	2836	NUM
arjefm-1156	99	22	-	-	SYM
arjefm-1156	99	23	9416	9416	NUM
arjefm-1156	99	24	impact	impact	NOUN
arjefm-1156	99	25	factor	factor	NOUN
arjefm-1156	99	26	:	:	PUNCT
arjefm-1156	99	27	6.41	6.41	NUM
arjefm-1156	99	28	journal	journal	NOUN
arjefm-1156	99	29	homepage	homepage	NOUN
arjefm-1156	99	30	:	:	PUNCT
arjefm-1156	99	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	99	32	,	,	PUNCT
arjefm-1156	99	33	email	email	NOUN
arjefm-1156	99	34	:	:	PUNCT
arjefm-1156	100	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1156	100	2	official	official	ADJ
arjefm-1156	100	3	journal	journal	PROPN
arjefm-1156	100	4	of	of	ADP
arjefm-1156	100	5	america	america	PROPN
arjefm-1156	100	6	serial	serial	PROPN
arjefm-1156	100	7	publication	publication	NOUN
arjefm-1156	100	8	american	american	PROPN
arjefm-1156	100	9	research	research	PROPN
arjefm-1156	100	10	journal	journal	PROPN
arjefm-1156	100	11	of	of	ADP
arjefm-1156	100	12	economics	economic	NOUN
arjefm-1156	100	13	,	,	PUNCT
arjefm-1156	100	14	finance	finance	NOUN
arjefm-1156	100	15	and	and	CCONJ
arjefm-1156	100	16	management	management	NOUN
arjefm-1156	100	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	100	18	,	,	PUNCT
arjefm-1156	100	19	email	email	NOUN
arjefm-1156	100	20	:	:	PUNCT
arjefm-1156	100	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-1156	101	1	50	50	NUM
arjefm-1156	102	1	|	|	ADV
arjefm-1156	102	2	p	p	NOUN
arjefm-1156	102	3	a	a	DET
arjefm-1156	102	4	g	g	NOUN
arjefm-1156	102	5	e	e	NOUN
arjefm-1156	102	6	adom	adom	PROPN
arjefm-1156	102	7	,	,	PUNCT
arjefm-1156	102	8	sharma	sharma	PROPN
arjefm-1156	102	9	and	and	CCONJ
arjefm-1156	102	10	morshed	morshe	VERB
arjefm-1156	102	11	(	(	PUNCT
arjefm-1156	102	12	2006	2006	NUM
arjefm-1156	102	13	)	)	PUNCT
arjefm-1156	102	14	in	in	ADP
arjefm-1156	102	15	their	their	PRON
arjefm-1156	102	16	study	study	NOUN
arjefm-1156	102	17	examined	examine	VERB
arjefm-1156	102	18	the	the	DET
arjefm-1156	102	19	presence	presence	NOUN
arjefm-1156	102	20	of	of	ADP
arjefm-1156	102	21	currency	currency	NOUN
arjefm-1156	102	22	substitution	substitution	NOUN
arjefm-1156	102	23	in	in	ADP
arjefm-1156	102	24	eight	eight	NUM
arjefm-1156	102	25	african	african	ADJ
arjefm-1156	102	26	countries	country	NOUN
arjefm-1156	102	27	of	of	ADP
arjefm-1156	102	28	egypt	egypt	PROPN
arjefm-1156	102	29	,	,	PUNCT
arjefm-1156	102	30	morocco	morocco	PROPN
arjefm-1156	102	31	,	,	PUNCT
arjefm-1156	102	32	ghana	ghana	PROPN
arjefm-1156	102	33	,	,	PUNCT
arjefm-1156	102	34	kenya	kenya	PROPN
arjefm-1156	102	35	,	,	PUNCT
arjefm-1156	102	36	south	south	PROPN
arjefm-1156	102	37	africa	africa	PROPN
arjefm-1156	102	38	,	,	PUNCT
arjefm-1156	102	39	tunisia	tunisia	PROPN
arjefm-1156	102	40	,	,	PUNCT
arjefm-1156	102	41	zambia	zambia	PROPN
arjefm-1156	102	42	and	and	CCONJ
arjefm-1156	102	43	nigeria	nigeria	PROPN
arjefm-1156	102	44	from	from	ADP
arjefm-1156	102	45	1976	1976	NUM
arjefm-1156	102	46	to	to	ADP
arjefm-1156	102	47	2005	2005	NUM
arjefm-1156	102	48	.	.	PUNCT
arjefm-1156	103	1	the	the	DET
arjefm-1156	103	2	study	study	NOUN
arjefm-1156	103	3	used	use	VERB
arjefm-1156	103	4	both	both	CCONJ
arjefm-1156	103	5	regional	regional	ADJ
arjefm-1156	103	6	and	and	CCONJ
arjefm-1156	103	7	us	us	PROPN
arjefm-1156	103	8	dollars	dollar	NOUN
arjefm-1156	103	9	as	as	ADP
arjefm-1156	103	10	the	the	DET
arjefm-1156	103	11	measured	measured	ADJ
arjefm-1156	103	12	currency	currency	NOUN
arjefm-1156	103	13	.	.	PUNCT
arjefm-1156	104	1	the	the	DET
arjefm-1156	104	2	outcome	outcome	NOUN
arjefm-1156	104	3	divulges	divulge	VERB
arjefm-1156	104	4	the	the	DET
arjefm-1156	104	5	prevalence	prevalence	NOUN
arjefm-1156	104	6	of	of	ADP
arjefm-1156	104	7	currency	currency	NOUN
arjefm-1156	104	8	substitution	substitution	NOUN
arjefm-1156	104	9	in	in	ADP
arjefm-1156	104	10	nigeria	nigeria	PROPN
arjefm-1156	104	11	and	and	CCONJ
arjefm-1156	104	12	south	south	PROPN
arjefm-1156	104	13	africa	africa	PROPN
arjefm-1156	104	14	out	out	ADP
arjefm-1156	104	15	of	of	ADP
arjefm-1156	104	16	the	the	DET
arjefm-1156	104	17	eight	eight	NUM
arjefm-1156	104	18	countries	country	NOUN
arjefm-1156	104	19	reviewed	review	VERB
arjefm-1156	104	20	,	,	PUNCT
arjefm-1156	104	21	with	with	ADP
arjefm-1156	104	22	the	the	DET
arjefm-1156	104	23	us	us	PROPN
arjefm-1156	104	24	dollars	dollar	NOUN
arjefm-1156	104	25	as	as	ADP
arjefm-1156	104	26	the	the	DET
arjefm-1156	104	27	anchor	anchor	NOUN
arjefm-1156	104	28	currency	currency	NOUN
arjefm-1156	104	29	effiom	effiom	PROPN
arjefm-1156	104	30	and	and	CCONJ
arjefm-1156	104	31	ubi	ubi	PROPN
arjefm-1156	104	32	(	(	PUNCT
arjefm-1156	104	33	2010	2010	NUM
arjefm-1156	104	34	)	)	PUNCT
arjefm-1156	104	35	examine	examine	VERB
arjefm-1156	104	36	the	the	DET
arjefm-1156	104	37	vulnerability	vulnerability	NOUN
arjefm-1156	104	38	of	of	ADP
arjefm-1156	104	39	the	the	DET
arjefm-1156	104	40	nigerian	nigerian	ADJ
arjefm-1156	104	41	economy	economy	NOUN
arjefm-1156	104	42	to	to	ADP
arjefm-1156	104	43	currency	currency	NOUN
arjefm-1156	104	44	substitution	substitution	NOUN
arjefm-1156	104	45	using	use	VERB
arjefm-1156	104	46	annual	annual	ADJ
arjefm-1156	104	47	time	time	NOUN
arjefm-1156	104	48	series	series	PROPN
arjefm-1156	104	49	data	data	PROPN
arjefm-1156	104	50	from	from	ADP
arjefm-1156	104	51	1970	1970	NUM
arjefm-1156	104	52	to	to	ADP
arjefm-1156	104	53	2008	2008	NUM
arjefm-1156	104	54	.	.	PUNCT
arjefm-1156	105	1	they	they	PRON
arjefm-1156	105	2	used	use	VERB
arjefm-1156	105	3	vector	vector	NOUN
arjefm-1156	105	4	error	error	NOUN
arjefm-1156	105	5	correction	correction	NOUN
arjefm-1156	105	6	model	model	NOUN
arjefm-1156	105	7	(	(	PUNCT
arjefm-1156	105	8	vecm	vecm	NOUN
arjefm-1156	105	9	)	)	PUNCT
arjefm-1156	105	10	.	.	PUNCT
arjefm-1156	106	1	the	the	DET
arjefm-1156	106	2	study	study	NOUN
arjefm-1156	106	3	used	use	VERB
arjefm-1156	106	4	exchange	exchange	NOUN
arjefm-1156	106	5	rate	rate	NOUN
arjefm-1156	106	6	and	and	CCONJ
arjefm-1156	106	7	us	us	PROPN
arjefm-1156	106	8	treasury	treasury	PROPN
arjefm-1156	106	9	bills	bill	NOUN
arjefm-1156	106	10	rate	rate	NOUN
arjefm-1156	106	11	variables	variable	NOUN
arjefm-1156	106	12	as	as	ADP
arjefm-1156	106	13	proxies	proxy	NOUN
arjefm-1156	106	14	for	for	ADP
arjefm-1156	106	15	cs	cs	PROPN
arjefm-1156	106	16	,	,	PUNCT
arjefm-1156	106	17	they	they	PRON
arjefm-1156	106	18	showed	show	VERB
arjefm-1156	106	19	that	that	SCONJ
arjefm-1156	106	20	with	with	ADP
arjefm-1156	106	21	persistent	persistent	ADJ
arjefm-1156	106	22	inflation	inflation	NOUN
arjefm-1156	106	23	and	and	CCONJ
arjefm-1156	106	24	depreciation	depreciation	NOUN
arjefm-1156	106	25	of	of	ADP
arjefm-1156	106	26	the	the	DET
arjefm-1156	106	27	naira	naira	NOUN
arjefm-1156	106	28	occasioned	occasion	VERB
arjefm-1156	106	29	by	by	ADP
arjefm-1156	106	30	exchange	exchange	NOUN
arjefm-1156	106	31	rate	rate	NOUN
arjefm-1156	106	32	instability	instability	NOUN
arjefm-1156	106	33	and	and	CCONJ
arjefm-1156	106	34	monetary	monetary	ADJ
arjefm-1156	106	35	policy	policy	NOUN
arjefm-1156	106	36	inconsistency	inconsistency	NOUN
arjefm-1156	106	37	,	,	PUNCT
arjefm-1156	106	38	the	the	DET
arjefm-1156	106	39	nigerian	nigerian	ADJ
arjefm-1156	106	40	economy	economy	NOUN
arjefm-1156	106	41	is	be	AUX
arjefm-1156	106	42	vulnerable	vulnerable	ADJ
arjefm-1156	106	43	to	to	ADP
arjefm-1156	106	44	cs	cs	PROPN
arjefm-1156	106	45	.	.	PROPN
arjefm-1156	106	46	adamu	adamu	PROPN
arjefm-1156	106	47	(	(	PUNCT
arjefm-1156	106	48	2016	2016	NUM
arjefm-1156	106	49	)	)	PUNCT
arjefm-1156	106	50	used	use	VERB
arjefm-1156	106	51	the	the	DET
arjefm-1156	106	52	johansen	johansen	PROPN
arjefm-1156	106	53	cointegration	cointegration	PROPN
arjefm-1156	106	54	test	test	NOUN
arjefm-1156	106	55	and	and	CCONJ
arjefm-1156	106	56	error	error	NOUN
arjefm-1156	106	57	correction	correction	NOUN
arjefm-1156	106	58	mechanism	mechanism	NOUN
arjefm-1156	106	59	(	(	PUNCT
arjefm-1156	106	60	ecm	ecm	NOUN
arjefm-1156	106	61	)	)	PUNCT
arjefm-1156	106	62	to	to	PART
arjefm-1156	106	63	find	find	VERB
arjefm-1156	106	64	out	out	ADP
arjefm-1156	106	65	the	the	DET
arjefm-1156	106	66	existence	existence	NOUN
arjefm-1156	106	67	,	,	PUNCT
arjefm-1156	106	68	extent	extent	NOUN
arjefm-1156	106	69	of	of	ADP
arjefm-1156	106	70	currency	currency	NOUN
arjefm-1156	106	71	substitution	substitution	NOUN
arjefm-1156	106	72	and	and	CCONJ
arjefm-1156	106	73	its	its	PRON
arjefm-1156	106	74	effects	effect	NOUN
arjefm-1156	106	75	on	on	ADP
arjefm-1156	106	76	the	the	DET
arjefm-1156	106	77	demand	demand	NOUN
arjefm-1156	106	78	for	for	ADP
arjefm-1156	106	79	money	money	NOUN
arjefm-1156	106	80	in	in	ADP
arjefm-1156	106	81	nigeria	nigeria	PROPN
arjefm-1156	106	82	.	.	PUNCT
arjefm-1156	107	1	the	the	DET
arjefm-1156	107	2	study	study	NOUN
arjefm-1156	107	3	used	use	VERB
arjefm-1156	107	4	time	time	NOUN
arjefm-1156	107	5	series	series	PROPN
arjefm-1156	107	6	data	datum	NOUN
arjefm-1156	107	7	for	for	ADP
arjefm-1156	107	8	the	the	DET
arjefm-1156	107	9	period	period	NOUN
arjefm-1156	107	10	1980	1980	NUM
arjefm-1156	107	11	to	to	ADP
arjefm-1156	107	12	2014	2014	NUM
arjefm-1156	107	13	,	,	PUNCT
arjefm-1156	107	14	it	it	PRON
arjefm-1156	107	15	was	be	AUX
arjefm-1156	107	16	found	find	VERB
arjefm-1156	107	17	out	out	ADP
arjefm-1156	107	18	that	that	SCONJ
arjefm-1156	107	19	the	the	DET
arjefm-1156	107	20	expected	expect	VERB
arjefm-1156	107	21	rate	rate	NOUN
arjefm-1156	107	22	of	of	ADP
arjefm-1156	107	23	depreciation	depreciation	NOUN
arjefm-1156	107	24	,	,	PUNCT
arjefm-1156	107	25	inflation	inflation	NOUN
arjefm-1156	107	26	rate	rate	NOUN
arjefm-1156	107	27	,	,	PUNCT
arjefm-1156	107	28	election	election	NOUN
arjefm-1156	107	29	period	period	NOUN
arjefm-1156	107	30	,	,	PUNCT
arjefm-1156	107	31	and	and	CCONJ
arjefm-1156	107	32	crude	crude	ADJ
arjefm-1156	107	33	oil	oil	NOUN
arjefm-1156	107	34	price	price	NOUN
arjefm-1156	107	35	as	as	ADV
arjefm-1156	107	36	well	well	ADV
arjefm-1156	107	37	as	as	ADP
arjefm-1156	107	38	foreign	foreign	ADJ
arjefm-1156	107	39	rate	rate	NOUN
arjefm-1156	107	40	of	of	ADP
arjefm-1156	107	41	interest	interest	NOUN
arjefm-1156	107	42	determine	determine	VERB
arjefm-1156	107	43	the	the	DET
arjefm-1156	107	44	extent	extent	NOUN
arjefm-1156	107	45	of	of	ADP
arjefm-1156	107	46	currency	currency	NOUN
arjefm-1156	107	47	substitution	substitution	NOUN
arjefm-1156	107	48	in	in	ADP
arjefm-1156	107	49	nigeria	nigeria	PROPN
arjefm-1156	107	50	.	.	PUNCT
arjefm-1156	108	1	kumamoto	kumamoto	PROPN
arjefm-1156	108	2	and	and	CCONJ
arjefm-1156	108	3	kumamoto	kumamoto	PROPN
arjefm-1156	108	4	(	(	PUNCT
arjefm-1156	108	5	2019	2019	NUM
arjefm-1156	108	6	)	)	PUNCT
arjefm-1156	108	7	adopted	adopt	VERB
arjefm-1156	108	8	the	the	DET
arjefm-1156	108	9	threshold	threshold	NOUN
arjefm-1156	108	10	arch	arch	NOUN
arjefm-1156	108	11	model	model	NOUN
arjefm-1156	108	12	to	to	PART
arjefm-1156	108	13	examine	examine	VERB
arjefm-1156	108	14	how	how	SCONJ
arjefm-1156	108	15	currency	currency	NOUN
arjefm-1156	108	16	substitution	substitution	NOUN
arjefm-1156	108	17	diffuses	diffuse	VERB
arjefm-1156	108	18	foreign	foreign	ADJ
arjefm-1156	108	19	monetary	monetary	ADJ
arjefm-1156	108	20	policy	policy	NOUN
arjefm-1156	108	21	shocks	shock	NOUN
arjefm-1156	108	22	to	to	ADP
arjefm-1156	108	23	domestic	domestic	ADJ
arjefm-1156	108	24	nations	nation	NOUN
arjefm-1156	108	25	and	and	CCONJ
arjefm-1156	108	26	appraised	appraise	VERB
arjefm-1156	108	27	how	how	SCONJ
arjefm-1156	108	28	the	the	DET
arjefm-1156	108	29	central	central	ADJ
arjefm-1156	108	30	bank	bank	NOUN
arjefm-1156	108	31	retorts	retort	NOUN
arjefm-1156	108	32	to	to	ADP
arjefm-1156	108	33	real	real	ADJ
arjefm-1156	108	34	exchange	exchange	NOUN
arjefm-1156	108	35	rate	rate	NOUN
arjefm-1156	108	36	actions	action	NOUN
arjefm-1156	108	37	in	in	ADP
arjefm-1156	108	38	three	three	NUM
arjefm-1156	108	39	inflation	inflation	NOUN
arjefm-1156	108	40	-	-	PUNCT
arjefm-1156	108	41	targeting	target	VERB
arjefm-1156	108	42	nations	nation	NOUN
arjefm-1156	108	43	of	of	ADP
arjefm-1156	108	44	america	america	PROPN
arjefm-1156	108	45	under	under	ADP
arjefm-1156	108	46	currency	currency	NOUN
arjefm-1156	108	47	substitution	substitution	NOUN
arjefm-1156	108	48	,	,	PUNCT
arjefm-1156	108	49	namely	namely	ADV
arjefm-1156	108	50	chile	chile	PROPN
arjefm-1156	108	51	,	,	PUNCT
arjefm-1156	108	52	mexico	mexico	PROPN
arjefm-1156	108	53	,	,	PUNCT
arjefm-1156	108	54	and	and	CCONJ
arjefm-1156	108	55	peru	peru	PROPN
arjefm-1156	108	56	,	,	PUNCT
arjefm-1156	108	57	from	from	ADP
arjefm-1156	108	58	2000	2000	NUM
arjefm-1156	108	59	to	to	ADP
arjefm-1156	108	60	2011	2011	NUM
arjefm-1156	108	61	.	.	PUNCT
arjefm-1156	109	1	the	the	DET
arjefm-1156	109	2	result	result	NOUN
arjefm-1156	109	3	of	of	ADP
arjefm-1156	109	4	the	the	DET
arjefm-1156	109	5	study	study	NOUN
arjefm-1156	109	6	revealed	reveal	VERB
arjefm-1156	109	7	that	that	SCONJ
arjefm-1156	109	8	the	the	DET
arjefm-1156	109	9	degree	degree	NOUN
arjefm-1156	109	10	of	of	ADP
arjefm-1156	109	11	currency	currency	NOUN
arjefm-1156	109	12	substitution	substitution	NOUN
arjefm-1156	109	13	is	be	AUX
arjefm-1156	109	14	higher	high	ADJ
arjefm-1156	109	15	in	in	ADP
arjefm-1156	109	16	mexico	mexico	PROPN
arjefm-1156	109	17	,	,	PUNCT
arjefm-1156	109	18	while	while	SCONJ
arjefm-1156	109	19	it	it	PRON
arjefm-1156	109	20	is	be	AUX
arjefm-1156	109	21	insignificance	insignificance	NOUN
arjefm-1156	109	22	in	in	ADP
arjefm-1156	109	23	chile	chile	PROPN
arjefm-1156	109	24	and	and	CCONJ
arjefm-1156	109	25	peru	peru	PROPN
arjefm-1156	109	26	.	.	PUNCT
arjefm-1156	110	1	the	the	DET
arjefm-1156	110	2	result	result	NOUN
arjefm-1156	110	3	also	also	ADV
arjefm-1156	110	4	revealed	reveal	VERB
arjefm-1156	110	5	that	that	SCONJ
arjefm-1156	110	6	domestic	domestic	ADJ
arjefm-1156	110	7	monetary	monetary	ADJ
arjefm-1156	110	8	policy	policy	NOUN
arjefm-1156	110	9	had	have	AUX
arjefm-1156	110	10	influenced	influence	VERB
arjefm-1156	110	11	the	the	DET
arjefm-1156	110	12	domestic	domestic	ADJ
arjefm-1156	110	13	economy	economy	NOUN
arjefm-1156	110	14	through	through	ADP
arjefm-1156	110	15	the	the	DET
arjefm-1156	110	16	real	real	ADJ
arjefm-1156	110	17	interest	interest	NOUN
arjefm-1156	110	18	rate	rate	NOUN
arjefm-1156	110	19	channel	channel	PROPN
arjefm-1156	110	20	.	.	PUNCT
arjefm-1156	111	1	however	however	ADV
arjefm-1156	111	2	,	,	PUNCT
arjefm-1156	111	3	the	the	DET
arjefm-1156	111	4	foreign	foreign	ADJ
arjefm-1156	111	5	monetary	monetary	ADJ
arjefm-1156	111	6	policy	policy	NOUN
arjefm-1156	111	7	had	have	VERB
arjefm-1156	111	8	a	a	DET
arjefm-1156	111	9	significant	significant	ADJ
arjefm-1156	111	10	impact	impact	NOUN
arjefm-1156	111	11	in	in	ADP
arjefm-1156	111	12	mexico	mexico	PROPN
arjefm-1156	111	13	,	,	PUNCT
arjefm-1156	111	14	but	but	CCONJ
arjefm-1156	111	15	had	have	VERB
arjefm-1156	111	16	insignificant	insignificant	ADJ
arjefm-1156	111	17	impact	impact	NOUN
arjefm-1156	111	18	in	in	ADP
arjefm-1156	111	19	chile	chile	PROPN
arjefm-1156	111	20	and	and	CCONJ
arjefm-1156	111	21	peru	peru	PROPN
arjefm-1156	111	22	.	.	PUNCT
arjefm-1156	112	1	2.3	2.3	NUM
arjefm-1156	112	2	research	research	NOUN
arjefm-1156	112	3	gap	gap	NOUN
arjefm-1156	112	4	based	base	VERB
arjefm-1156	112	5	on	on	ADP
arjefm-1156	112	6	the	the	DET
arjefm-1156	112	7	literature	literature	NOUN
arjefm-1156	112	8	reviewed	review	VERB
arjefm-1156	112	9	above	above	ADV
arjefm-1156	112	10	,	,	PUNCT
arjefm-1156	112	11	there	there	PRON
arjefm-1156	112	12	are	be	VERB
arjefm-1156	112	13	very	very	ADV
arjefm-1156	112	14	few	few	ADJ
arjefm-1156	112	15	studies	study	NOUN
arjefm-1156	112	16	carried	carry	VERB
arjefm-1156	112	17	out	out	ADP
arjefm-1156	112	18	in	in	ADP
arjefm-1156	112	19	nigeria	nigeria	PROPN
arjefm-1156	112	20	on	on	ADP
arjefm-1156	112	21	dollarization	dollarization	NOUN
arjefm-1156	112	22	but	but	CCONJ
arjefm-1156	112	23	the	the	DET
arjefm-1156	112	24	few	few	ADJ
arjefm-1156	112	25	focused	focus	VERB
arjefm-1156	112	26	on	on	ADP
arjefm-1156	112	27	determining	determine	VERB
arjefm-1156	112	28	the	the	DET
arjefm-1156	112	29	presence	presence	NOUN
arjefm-1156	112	30	of	of	ADP
arjefm-1156	112	31	dollar	dollar	NOUN
arjefm-1156	112	32	in	in	ADP
arjefm-1156	112	33	nigeria	nigeria	PROPN
arjefm-1156	112	34	,	,	PUNCT
arjefm-1156	112	35	others	other	NOUN
arjefm-1156	112	36	investigated	investigate	VERB
arjefm-1156	112	37	its	its	PRON
arjefm-1156	112	38	causes	cause	NOUN
arjefm-1156	112	39	,	,	PUNCT
arjefm-1156	112	40	american	american	ADJ
arjefm-1156	112	41	research	research	PROPN
arjefm-1156	112	42	journal	journal	PROPN
arjefm-1156	112	43	of	of	ADP
arjefm-1156	112	44	economics	economic	NOUN
arjefm-1156	112	45	,	,	PUNCT
arjefm-1156	112	46	finance	finance	NOUN
arjefm-1156	112	47	and	and	CCONJ
arjefm-1156	112	48	management	management	NOUN
arjefm-1156	112	49	volume	volume	NOUN
arjefm-1156	112	50	13	13	NUM
arjefm-1156	112	51	issue	issue	NOUN
arjefm-1156	112	52	1	1	NUM
arjefm-1156	112	53	,	,	PUNCT
arjefm-1156	112	54	january	january	PROPN
arjefm-1156	112	55	-	-	PUNCT
arjefm-1156	112	56	march	march	PROPN
arjefm-1156	112	57	2025	2025	NUM
arjefm-1156	112	58	issn	issn	NOUN
arjefm-1156	112	59	:	:	PUNCT
arjefm-1156	112	60	2836	2836	NUM
arjefm-1156	112	61	-	-	SYM
arjefm-1156	112	62	9416	9416	NUM
arjefm-1156	112	63	impact	impact	NOUN
arjefm-1156	112	64	factor	factor	NOUN
arjefm-1156	112	65	:	:	PUNCT
arjefm-1156	112	66	6.41	6.41	NUM
arjefm-1156	112	67	journal	journal	NOUN
arjefm-1156	112	68	homepage	homepage	NOUN
arjefm-1156	112	69	:	:	PUNCT
arjefm-1156	112	70	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	112	71	,	,	PUNCT
arjefm-1156	112	72	email	email	NOUN
arjefm-1156	112	73	:	:	PUNCT
arjefm-1156	112	74	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1156	112	75	official	official	ADJ
arjefm-1156	112	76	journal	journal	PROPN
arjefm-1156	112	77	of	of	ADP
arjefm-1156	112	78	america	america	PROPN
arjefm-1156	112	79	serial	serial	PROPN
arjefm-1156	112	80	publication	publication	NOUN
arjefm-1156	112	81	american	american	PROPN
arjefm-1156	112	82	research	research	PROPN
arjefm-1156	112	83	journal	journal	PROPN
arjefm-1156	112	84	of	of	ADP
arjefm-1156	112	85	economics	economic	NOUN
arjefm-1156	112	86	,	,	PUNCT
arjefm-1156	112	87	finance	finance	NOUN
arjefm-1156	112	88	and	and	CCONJ
arjefm-1156	112	89	management	management	NOUN
arjefm-1156	112	90	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	112	91	,	,	PUNCT
arjefm-1156	112	92	email	email	NOUN
arjefm-1156	112	93	:	:	PUNCT
arjefm-1156	112	94	contact@americaserial.com	contact@americaserial.com	X
arjefm-1156	113	1	51	51	NUM
arjefm-1156	114	1	|	|	ADV
arjefm-1156	114	2	p	p	X
arjefm-1156	114	3	a	a	DET
arjefm-1156	114	4	g	g	NOUN
arjefm-1156	114	5	e	e	NOUN
arjefm-1156	114	6	while	while	SCONJ
arjefm-1156	114	7	few	few	ADJ
arjefm-1156	114	8	sought	seek	VERB
arjefm-1156	114	9	to	to	PART
arjefm-1156	114	10	examine	examine	VERB
arjefm-1156	114	11	its	its	PRON
arjefm-1156	114	12	effects	effect	NOUN
arjefm-1156	114	13	on	on	ADP
arjefm-1156	114	14	either	either	CCONJ
arjefm-1156	114	15	the	the	DET
arjefm-1156	114	16	demand	demand	NOUN
arjefm-1156	114	17	for	for	ADP
arjefm-1156	114	18	money	money	NOUN
arjefm-1156	114	19	in	in	ADP
arjefm-1156	114	20	nigeria	nigeria	PROPN
arjefm-1156	114	21	or	or	CCONJ
arjefm-1156	114	22	its	its	PRON
arjefm-1156	114	23	impact	impact	NOUN
arjefm-1156	114	24	on	on	ADP
arjefm-1156	114	25	macroeconomic	macroeconomic	ADJ
arjefm-1156	114	26	performance	performance	NOUN
arjefm-1156	114	27	using	use	VERB
arjefm-1156	114	28	inflation	inflation	NOUN
arjefm-1156	114	29	rate	rate	NOUN
arjefm-1156	114	30	and	and	CCONJ
arjefm-1156	114	31	gdp	gdp	NOUN
arjefm-1156	114	32	as	as	ADP
arjefm-1156	114	33	a	a	DET
arjefm-1156	114	34	proxy	proxy	NOUN
arjefm-1156	114	35	for	for	ADP
arjefm-1156	114	36	economic	economic	ADJ
arjefm-1156	114	37	performance	performance	NOUN
arjefm-1156	114	38	.	.	PUNCT
arjefm-1156	115	1	the	the	DET
arjefm-1156	115	2	impact	impact	NOUN
arjefm-1156	115	3	of	of	ADP
arjefm-1156	115	4	dollarization	dollarization	NOUN
arjefm-1156	115	5	on	on	ADP
arjefm-1156	115	6	other	other	ADJ
arjefm-1156	115	7	indicators	indicator	NOUN
arjefm-1156	115	8	of	of	ADP
arjefm-1156	115	9	macroeconomic	macroeconomic	ADJ
arjefm-1156	115	10	performance	performance	NOUN
arjefm-1156	115	11	,	,	PUNCT
arjefm-1156	115	12	like	like	ADP
arjefm-1156	115	13	balance	balance	NOUN
arjefm-1156	115	14	of	of	ADP
arjefm-1156	115	15	payment	payment	NOUN
arjefm-1156	115	16	and	and	CCONJ
arjefm-1156	115	17	consumption	consumption	NOUN
arjefm-1156	115	18	in	in	ADP
arjefm-1156	115	19	nigeria	nigeria	PROPN
arjefm-1156	115	20	has	have	AUX
arjefm-1156	115	21	not	not	PART
arjefm-1156	115	22	been	be	AUX
arjefm-1156	115	23	examined	examine	VERB
arjefm-1156	115	24	to	to	ADP
arjefm-1156	115	25	the	the	DET
arjefm-1156	115	26	best	good	ADJ
arjefm-1156	115	27	of	of	ADP
arjefm-1156	115	28	our	our	PRON
arjefm-1156	115	29	knowledge	knowledge	NOUN
arjefm-1156	115	30	.	.	PUNCT
arjefm-1156	116	1	the	the	DET
arjefm-1156	116	2	gap	gap	NOUN
arjefm-1156	116	3	in	in	ADP
arjefm-1156	116	4	this	this	DET
arjefm-1156	116	5	study	study	NOUN
arjefm-1156	116	6	is	be	AUX
arjefm-1156	116	7	to	to	PART
arjefm-1156	116	8	establish	establish	VERB
arjefm-1156	116	9	a	a	DET
arjefm-1156	116	10	nexus	nexus	NOUN
arjefm-1156	116	11	between	between	ADP
arjefm-1156	116	12	dollarization	dollarization	NOUN
arjefm-1156	116	13	and	and	CCONJ
arjefm-1156	116	14	these	these	DET
arjefm-1156	116	15	variables	variable	NOUN
arjefm-1156	116	16	.	.	PUNCT
arjefm-1156	117	1	3	3	X
arjefm-1156	117	2	.	.	X
arjefm-1156	117	3	research	research	NOUN
arjefm-1156	117	4	methodology	methodology	NOUN
arjefm-1156	117	5	3.1	3.1	NUM
arjefm-1156	117	6	research	research	NOUN
arjefm-1156	117	7	design	design	NOUN
arjefm-1156	117	8	the	the	DET
arjefm-1156	117	9	study	study	NOUN
arjefm-1156	117	10	uses	use	VERB
arjefm-1156	117	11	the	the	DET
arjefm-1156	117	12	quasi	quasi	ADJ
arjefm-1156	117	13	experimental	experimental	ADJ
arjefm-1156	117	14	design	design	NOUN
arjefm-1156	117	15	approach	approach	NOUN
arjefm-1156	117	16	(	(	PUNCT
arjefm-1156	117	17	empirical	empirical	ADJ
arjefm-1156	117	18	analysis	analysis	NOUN
arjefm-1156	117	19	)	)	PUNCT
arjefm-1156	117	20	to	to	PART
arjefm-1156	117	21	analyze	analyze	VERB
arjefm-1156	117	22	the	the	DET
arjefm-1156	117	23	relationship	relationship	NOUN
arjefm-1156	117	24	between	between	ADP
arjefm-1156	117	25	dollarization	dollarization	NOUN
arjefm-1156	117	26	and	and	CCONJ
arjefm-1156	117	27	macroeconomic	macroeconomic	ADJ
arjefm-1156	117	28	performance	performance	NOUN
arjefm-1156	117	29	.	.	PUNCT
arjefm-1156	118	1	this	this	PRON
arjefm-1156	118	2	is	be	AUX
arjefm-1156	118	3	to	to	PART
arjefm-1156	118	4	enable	enable	VERB
arjefm-1156	118	5	the	the	DET
arjefm-1156	118	6	researcher	researcher	NOUN
arjefm-1156	118	7	describe	describe	VERB
arjefm-1156	118	8	the	the	DET
arjefm-1156	118	9	phenomenon	phenomenon	NOUN
arjefm-1156	118	10	in	in	ADP
arjefm-1156	118	11	context	context	NOUN
arjefm-1156	118	12	and	and	CCONJ
arjefm-1156	118	13	establishes	establish	VERB
arjefm-1156	118	14	a	a	DET
arjefm-1156	118	15	functional	functional	ADJ
arjefm-1156	118	16	relationship	relationship	NOUN
arjefm-1156	118	17	between	between	ADP
arjefm-1156	118	18	the	the	DET
arjefm-1156	118	19	dependent	dependent	ADJ
arjefm-1156	118	20	and	and	CCONJ
arjefm-1156	118	21	explanatory	explanatory	ADJ
arjefm-1156	118	22	variables	variable	NOUN
arjefm-1156	118	23	.	.	PUNCT
arjefm-1156	119	1	since	since	SCONJ
arjefm-1156	119	2	the	the	DET
arjefm-1156	119	3	study	study	NOUN
arjefm-1156	119	4	is	be	AUX
arjefm-1156	119	5	on	on	ADP
arjefm-1156	119	6	the	the	DET
arjefm-1156	119	7	effect	effect	NOUN
arjefm-1156	119	8	of	of	ADP
arjefm-1156	119	9	dollarization	dollarization	NOUN
arjefm-1156	119	10	on	on	ADP
arjefm-1156	119	11	macroeconomic	macroeconomic	ADJ
arjefm-1156	119	12	performance	performance	NOUN
arjefm-1156	119	13	,	,	PUNCT
arjefm-1156	119	14	two	two	NUM
arjefm-1156	119	15	equations	equation	NOUN
arjefm-1156	119	16	are	be	AUX
arjefm-1156	119	17	used	use	VERB
arjefm-1156	119	18	to	to	PART
arjefm-1156	119	19	capture	capture	VERB
arjefm-1156	119	20	balance	balance	NOUN
arjefm-1156	119	21	of	of	ADP
arjefm-1156	119	22	payment	payment	NOUN
arjefm-1156	119	23	and	and	CCONJ
arjefm-1156	119	24	consumption	consumption	NOUN
arjefm-1156	119	25	expenditure	expenditure	NOUN
arjefm-1156	119	26	in	in	ADP
arjefm-1156	119	27	the	the	DET
arjefm-1156	119	28	model	model	NOUN
arjefm-1156	119	29	as	as	SCONJ
arjefm-1156	119	30	follows	follow	VERB
arjefm-1156	119	31	:	:	PUNCT
arjefm-1156	119	32	bop	bop	INTJ
arjefm-1156	119	33	=	=	SYM
arjefm-1156	119	34	f(dl	f(dl	NOUN
arjefm-1156	119	35	,	,	PUNCT
arjefm-1156	119	36	cpi	cpi	PROPN
arjefm-1156	119	37	,	,	PUNCT
arjefm-1156	119	38	dir	dir	PROPN
arjefm-1156	119	39	,	,	PUNCT
arjefm-1156	119	40	exr	exr	PROPN
arjefm-1156	119	41	,	,	PUNCT
arjefm-1156	119	42	fir	fir	PROPN
arjefm-1156	119	43	,	,	PUNCT
arjefm-1156	119	44	y	y	PROPN
arjefm-1156	119	45	)	)	PUNCT
arjefm-1156	119	46	(	(	PUNCT
arjefm-1156	119	47	1	1	X
arjefm-1156	119	48	)	)	PUNCT
arjefm-1156	119	49	cons	con	NOUN
arjefm-1156	119	50	=	=	SYM
arjefm-1156	119	51	f(dl	f(dl	NOUN
arjefm-1156	119	52	,	,	PUNCT
arjefm-1156	119	53	cpi	cpi	PROPN
arjefm-1156	119	54	,	,	PUNCT
arjefm-1156	119	55	dir	dir	PROPN
arjefm-1156	119	56	,	,	PUNCT
arjefm-1156	119	57	exr	exr	PROPN
arjefm-1156	119	58	,	,	PUNCT
arjefm-1156	119	59	fir	fir	PROPN
arjefm-1156	119	60	,	,	PUNCT
arjefm-1156	119	61	y	y	PROPN
arjefm-1156	119	62	)	)	PUNCT
arjefm-1156	119	63	(	(	PUNCT
arjefm-1156	119	64	2	2	X
arjefm-1156	119	65	)	)	PUNCT
arjefm-1156	119	66	where	where	SCONJ
arjefm-1156	119	67	:	:	PUNCT
arjefm-1156	119	68	bop	bop	INTJ
arjefm-1156	119	69	=	=	PUNCT
arjefm-1156	119	70	balance	balance	NOUN
arjefm-1156	119	71	of	of	ADP
arjefm-1156	119	72	payment	payment	NOUN
arjefm-1156	119	73	proxied	proxie	VERB
arjefm-1156	119	74	by	by	ADP
arjefm-1156	119	75	current	current	ADJ
arjefm-1156	119	76	account	account	NOUN
arjefm-1156	119	77	balance	balance	NOUN
arjefm-1156	119	78	cons	con	NOUN
arjefm-1156	119	79	=	=	SYM
arjefm-1156	119	80	aggregate	aggregate	ADJ
arjefm-1156	119	81	consumption	consumption	NOUN
arjefm-1156	119	82	expenditure	expenditure	NOUN
arjefm-1156	119	83	dl	dl	NOUN
arjefm-1156	119	84	=	=	NOUN
arjefm-1156	119	85	dollarization	dollarization	NOUN
arjefm-1156	119	86	index	index	NOUN
arjefm-1156	119	87	proxied	proxie	VERB
arjefm-1156	119	88	by	by	ADP
arjefm-1156	119	89	(	(	PUNCT
arjefm-1156	119	90	fcd	fcd	PROPN
arjefm-1156	119	91	/	/	SYM
arjefm-1156	119	92	m2	m2	PROPN
arjefm-1156	119	93	)	)	PUNCT
arjefm-1156	119	94	exr	exr	PROPN
arjefm-1156	119	95	=	=	SYM
arjefm-1156	119	96	real	real	ADJ
arjefm-1156	119	97	exchange	exchange	NOUN
arjefm-1156	119	98	rate	rate	NOUN
arjefm-1156	119	99	cpi	cpi	NOUN
arjefm-1156	119	100	=	=	SYM
arjefm-1156	119	101	consumer	consumer	NOUN
arjefm-1156	119	102	price	price	NOUN
arjefm-1156	119	103	index	index	NOUN
arjefm-1156	119	104	dir	dir	NOUN
arjefm-1156	119	105	=	=	PUNCT
arjefm-1156	119	106	domestic	domestic	ADJ
arjefm-1156	119	107	interest	interest	NOUN
arjefm-1156	119	108	rate	rate	NOUN
arjefm-1156	119	109	(	(	PUNCT
arjefm-1156	119	110	proxied	proxie	VERB
arjefm-1156	119	111	by	by	ADP
arjefm-1156	119	112	real	real	ADJ
arjefm-1156	119	113	interest	interest	NOUN
arjefm-1156	119	114	rate	rate	NOUN
arjefm-1156	119	115	)	)	PUNCT
arjefm-1156	119	116	fir	fir	NOUN
arjefm-1156	119	117	=	=	SYM
arjefm-1156	119	118	foreign	foreign	ADJ
arjefm-1156	119	119	interest	interest	NOUN
arjefm-1156	119	120	rate	rate	NOUN
arjefm-1156	119	121	proxied	proxie	VERB
arjefm-1156	119	122	by	by	ADP
arjefm-1156	119	123	us	us	PROPN
arjefm-1156	119	124	treasury	treasury	PROPN
arjefm-1156	119	125	bills	bill	NOUN
arjefm-1156	119	126	rate	rate	VERB
arjefm-1156	119	127	y	y	PROPN
arjefm-1156	119	128	=	=	PUNCT
arjefm-1156	119	129	real	real	ADJ
arjefm-1156	119	130	income	income	NOUN
arjefm-1156	119	131	proxied	proxie	VERB
arjefm-1156	119	132	by	by	ADP
arjefm-1156	119	133	real	real	ADJ
arjefm-1156	119	134	gross	gross	ADJ
arjefm-1156	119	135	domestic	domestic	ADJ
arjefm-1156	119	136	product	product	NOUN
arjefm-1156	119	137	(	(	PUNCT
arjefm-1156	119	138	rgdp	rgdp	PROPN
arjefm-1156	119	139	)	)	PUNCT
arjefm-1156	119	140	the	the	DET
arjefm-1156	119	141	econometric	econometric	ADJ
arjefm-1156	119	142	specification	specification	NOUN
arjefm-1156	119	143	of	of	ADP
arjefm-1156	119	144	equations	equation	NOUN
arjefm-1156	119	145	assumes	assume	VERB
arjefm-1156	119	146	the	the	DET
arjefm-1156	119	147	form	form	NOUN
arjefm-1156	119	148	:	:	PUNCT
arjefm-1156	119	149	bop	bop	INTJ
arjefm-1156	119	150	=	=	SYM
arjefm-1156	119	151	α0	α0	ADJ
arjefm-1156	119	152	+	+	CCONJ
arjefm-1156	119	153	α1dl	α1dl	PUNCT
arjefm-1156	120	1	+	+	CCONJ
arjefm-1156	120	2	α2exr	α2exr	NUM
arjefm-1156	121	1	+	+	CCONJ
arjefm-1156	121	2	α3cpi	α3cpi	NOUN
arjefm-1156	122	1	+	+	NUM
arjefm-1156	122	2	α4fir	α4fir	NUM
arjefm-1156	123	1	+	+	SYM
arjefm-1156	123	2	α5dir	α5dir	NOUN
arjefm-1156	124	1	+	+	CCONJ
arjefm-1156	124	2	α6rgdp	α6rgdp	NOUN
arjefm-1156	124	3	+	+	CCONJ
arjefm-1156	124	4	µ1	µ1	PROPN
arjefm-1156	124	5	(	(	PUNCT
arjefm-1156	124	6	3	3	NUM
arjefm-1156	124	7	)	)	PUNCT
arjefm-1156	124	8	american	american	ADJ
arjefm-1156	124	9	research	research	PROPN
arjefm-1156	124	10	journal	journal	PROPN
arjefm-1156	124	11	of	of	ADP
arjefm-1156	124	12	economics	economic	NOUN
arjefm-1156	124	13	,	,	PUNCT
arjefm-1156	124	14	finance	finance	NOUN
arjefm-1156	124	15	and	and	CCONJ
arjefm-1156	124	16	management	management	NOUN
arjefm-1156	124	17	volume	volume	NOUN
arjefm-1156	124	18	13	13	NUM
arjefm-1156	124	19	issue	issue	NOUN
arjefm-1156	124	20	1	1	NUM
arjefm-1156	124	21	,	,	PUNCT
arjefm-1156	124	22	january	january	PROPN
arjefm-1156	124	23	-	-	PUNCT
arjefm-1156	124	24	march	march	PROPN
arjefm-1156	124	25	2025	2025	NUM
arjefm-1156	124	26	issn	issn	NOUN
arjefm-1156	124	27	:	:	PUNCT
arjefm-1156	124	28	2836	2836	NUM
arjefm-1156	124	29	-	-	SYM
arjefm-1156	124	30	9416	9416	NUM
arjefm-1156	124	31	impact	impact	NOUN
arjefm-1156	124	32	factor	factor	NOUN
arjefm-1156	124	33	:	:	PUNCT
arjefm-1156	124	34	6.41	6.41	NUM
arjefm-1156	124	35	journal	journal	NOUN
arjefm-1156	124	36	homepage	homepage	NOUN
arjefm-1156	124	37	:	:	PUNCT
arjefm-1156	124	38	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	124	39	,	,	PUNCT
arjefm-1156	124	40	email	email	NOUN
arjefm-1156	124	41	:	:	PUNCT
arjefm-1156	124	42	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1156	124	43	official	official	ADJ
arjefm-1156	124	44	journal	journal	PROPN
arjefm-1156	124	45	of	of	ADP
arjefm-1156	124	46	america	america	PROPN
arjefm-1156	124	47	serial	serial	PROPN
arjefm-1156	124	48	publication	publication	NOUN
arjefm-1156	124	49	american	american	PROPN
arjefm-1156	124	50	research	research	PROPN
arjefm-1156	124	51	journal	journal	PROPN
arjefm-1156	124	52	of	of	ADP
arjefm-1156	124	53	economics	economic	NOUN
arjefm-1156	124	54	,	,	PUNCT
arjefm-1156	124	55	finance	finance	NOUN
arjefm-1156	124	56	and	and	CCONJ
arjefm-1156	124	57	management	management	NOUN
arjefm-1156	124	58	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	124	59	,	,	PUNCT
arjefm-1156	124	60	email	email	NOUN
arjefm-1156	124	61	:	:	PUNCT
arjefm-1156	124	62	contact@americaserial.com	contact@americaserial.com	X
arjefm-1156	125	1	52	52	NUM
arjefm-1156	126	1	|	|	ADV
arjefm-1156	126	2	p	p	X
arjefm-1156	126	3	a	a	DET
arjefm-1156	126	4	g	g	NOUN
arjefm-1156	126	5	e	e	NOUN
arjefm-1156	126	6	cons	con	NOUN
arjefm-1156	126	7	=	=	SYM
arjefm-1156	126	8	∂0	∂0	NOUN
arjefm-1156	126	9	+	+	CCONJ
arjefm-1156	126	10	∂1dl	∂1dl	NOUN
arjefm-1156	126	11	+	+	CCONJ
arjefm-1156	126	12	∂2exr	∂2exr	PROPN
arjefm-1156	126	13	+	+	CCONJ
arjefm-1156	126	14	∂3cpi	∂3cpi	NOUN
arjefm-1156	126	15	+	+	X
arjefm-1156	126	16	∂4fir	∂4fir	NOUN
arjefm-1156	126	17	+	+	CCONJ
arjefm-1156	126	18	∂5dir	∂5dir	X
arjefm-1156	126	19	+	+	CCONJ
arjefm-1156	126	20	∂6rgdp	∂6rgdp	NOUN
arjefm-1156	126	21	+	+	CCONJ
arjefm-1156	127	1	µ2	µ2	PROPN
arjefm-1156	127	2	(	(	PUNCT
arjefm-1156	127	3	4	4	NUM
arjefm-1156	127	4	)	)	PUNCT
arjefm-1156	127	5	where	where	SCONJ
arjefm-1156	127	6	:	:	PUNCT
arjefm-1156	127	7	µ	µ	X
arjefm-1156	127	8	=	=	SYM
arjefm-1156	127	9	stochastic	stochastic	ADJ
arjefm-1156	127	10	error	error	NOUN
arjefm-1156	127	11	term	term	NOUN
arjefm-1156	127	12	α0	α0	ADJ
arjefm-1156	127	13	to	to	ADP
arjefm-1156	127	14	α6	α6	NOUN
arjefm-1156	127	15	and	and	CCONJ
arjefm-1156	127	16	∂0	∂0	VERB
arjefm-1156	127	17	to	to	ADP
arjefm-1156	127	18	∂6	∂6	NOUN
arjefm-1156	127	19	are	be	AUX
arjefm-1156	127	20	the	the	DET
arjefm-1156	127	21	parameters	parameter	NOUN
arjefm-1156	127	22	to	to	PART
arjefm-1156	127	23	be	be	AUX
arjefm-1156	127	24	estimated	estimate	VERB
arjefm-1156	127	25	.	.	PUNCT
arjefm-1156	128	1	3.2	3.2	NUM
arjefm-1156	128	2	a	a	DET
arjefm-1156	128	3	priori	priori	ADJ
arjefm-1156	128	4	expectation	expectation	NOUN
arjefm-1156	128	5	on	on	ADP
arjefm-1156	128	6	a	a	DET
arjefm-1156	128	7	priori	priori	ADJ
arjefm-1156	128	8	α0	α0	ADJ
arjefm-1156	128	9	,	,	PUNCT
arjefm-1156	128	10	α1	α1	PROPN
arjefm-1156	128	11	,	,	PUNCT
arjefm-1156	128	12	α2	α2	ADJ
arjefm-1156	128	13	,	,	PUNCT
arjefm-1156	128	14	α4	α4	NOUN
arjefm-1156	128	15	,	,	PUNCT
arjefm-1156	128	16	α5	α5	NOUN
arjefm-1156	128	17	,	,	PUNCT
arjefm-1156	128	18	α6	α6	NOUN
arjefm-1156	128	19	˃	˃	PROPN
arjefm-1156	128	20	0	0	NUM
arjefm-1156	128	21	and	and	CCONJ
arjefm-1156	128	22	∂0	∂0	NOUN
arjefm-1156	128	23	,	,	PUNCT
arjefm-1156	128	24	∂1	∂1	ADJ
arjefm-1156	128	25	,	,	PUNCT
arjefm-1156	128	26	∂2	∂2	PROPN
arjefm-1156	128	27	,	,	PUNCT
arjefm-1156	128	28	∂4	∂4	NOUN
arjefm-1156	128	29	,	,	PUNCT
arjefm-1156	128	30	∂5	∂5	PROPN
arjefm-1156	128	31	,	,	PUNCT
arjefm-1156	128	32	∂5	∂5	PROPN
arjefm-1156	128	33	,	,	PUNCT
arjefm-1156	128	34	β6	β6	PROPN
arjefm-1156	128	35	˃	˃	NOUN
arjefm-1156	128	36	0	0	NUM
arjefm-1156	128	37	while	while	SCONJ
arjefm-1156	128	38	α3	α3	PROPN
arjefm-1156	128	39	,	,	PUNCT
arjefm-1156	128	40	∂3	∂3	PROPN
arjefm-1156	128	41	,	,	PUNCT
arjefm-1156	128	42	β3	β3	VERB
arjefm-1156	128	43	˂	˂	NOUN
arjefm-1156	128	44	0	0	NUM
arjefm-1156	128	45	3.3	3.3	NUM
arjefm-1156	128	46	data	datum	NOUN
arjefm-1156	128	47	sources	source	NOUN
arjefm-1156	128	48	the	the	DET
arjefm-1156	128	49	study	study	NOUN
arjefm-1156	128	50	used	use	VERB
arjefm-1156	128	51	secondary	secondary	ADJ
arjefm-1156	128	52	time	time	NOUN
arjefm-1156	128	53	series	series	PROPN
arjefm-1156	128	54	data	datum	NOUN
arjefm-1156	128	55	gotten	get	VERB
arjefm-1156	128	56	from	from	ADP
arjefm-1156	128	57	cbn	cbn	PROPN
arjefm-1156	128	58	statistical	statistical	ADJ
arjefm-1156	128	59	bulletin	bulletin	NOUN
arjefm-1156	128	60	of	of	ADP
arjefm-1156	128	61	various	various	ADJ
arjefm-1156	128	62	issues	issue	NOUN
arjefm-1156	128	63	,	,	PUNCT
arjefm-1156	128	64	cbn	cbn	VERB
arjefm-1156	128	65	annual	annual	ADJ
arjefm-1156	128	66	statement	statement	NOUN
arjefm-1156	128	67	of	of	ADP
arjefm-1156	128	68	account	account	NOUN
arjefm-1156	128	69	(	(	PUNCT
arjefm-1156	128	70	2016	2016	NUM
arjefm-1156	128	71	)	)	PUNCT
arjefm-1156	128	72	,	,	PUNCT
arjefm-1156	128	73	naira	naira	NUM
arjefm-1156	128	74	metrics	metric	NOUN
arjefm-1156	128	75	(	(	PUNCT
arjefm-1156	128	76	2016	2016	NUM
arjefm-1156	128	77	)	)	PUNCT
arjefm-1156	128	78	,	,	PUNCT
arjefm-1156	128	79	world	world	NOUN
arjefm-1156	128	80	development	development	NOUN
arjefm-1156	128	81	indicators	indicator	NOUN
arjefm-1156	128	82	(	(	PUNCT
arjefm-1156	128	83	2018	2018	NUM
arjefm-1156	128	84	)	)	PUNCT
arjefm-1156	128	85	,	,	PUNCT
arjefm-1156	128	86	knoema.com	knoema.com	X
arjefm-1156	128	87	as	as	ADV
arjefm-1156	128	88	well	well	ADV
arjefm-1156	128	89	as	as	ADP
arjefm-1156	128	90	indexmundi.com	indexmundi.com	X
arjefm-1156	128	91	.	.	PUNCT
arjefm-1156	129	1	while	while	SCONJ
arjefm-1156	129	2	data	datum	NOUN
arjefm-1156	129	3	for	for	ADP
arjefm-1156	129	4	us	us	PROPN
arjefm-1156	129	5	treasury	treasury	PROPN
arjefm-1156	129	6	bills	bill	NOUN
arjefm-1156	129	7	(	(	PUNCT
arjefm-1156	129	8	tb	tb	NOUN
arjefm-1156	129	9	)	)	PUNCT
arjefm-1156	129	10	proxy	proxy	NOUN
arjefm-1156	129	11	for	for	ADP
arjefm-1156	129	12	foreign	foreign	ADJ
arjefm-1156	129	13	interest	interest	NOUN
arjefm-1156	129	14	rate	rate	NOUN
arjefm-1156	129	15	(	(	PUNCT
arjefm-1156	129	16	fir	fir	NOUN
arjefm-1156	129	17	)	)	PUNCT
arjefm-1156	129	18	were	be	AUX
arjefm-1156	129	19	sourced	source	VERB
arjefm-1156	129	20	from	from	ADP
arjefm-1156	129	21	the	the	DET
arjefm-1156	129	22	board	board	NOUN
arjefm-1156	129	23	of	of	ADP
arjefm-1156	129	24	governors	governor	NOUN
arjefm-1156	129	25	of	of	ADP
arjefm-1156	129	26	the	the	DET
arjefm-1156	129	27	federal	federal	PROPN
arjefm-1156	129	28	reserve	reserve	PROPN
arjefm-1156	129	29	system	system	NOUN
arjefm-1156	129	30	(	(	PUNCT
arjefm-1156	129	31	us	us	PROPN
arjefm-1156	129	32	)	)	PUNCT
arjefm-1156	129	33	.	.	PUNCT
arjefm-1156	130	1	3.4	3.4	NUM
arjefm-1156	130	2	model	model	NOUN
arjefm-1156	130	3	estimation	estimation	NOUN
arjefm-1156	130	4	procedure	procedure	NOUN
arjefm-1156	130	5	since	since	SCONJ
arjefm-1156	130	6	time	time	NOUN
arjefm-1156	130	7	series	series	PROPN
arjefm-1156	130	8	data	data	PROPN
arjefm-1156	130	9	is	be	AUX
arjefm-1156	130	10	used	use	VERB
arjefm-1156	130	11	in	in	ADP
arjefm-1156	130	12	this	this	DET
arjefm-1156	130	13	study	study	NOUN
arjefm-1156	130	14	,	,	PUNCT
arjefm-1156	130	15	preliminary	preliminary	ADJ
arjefm-1156	130	16	tests	test	NOUN
arjefm-1156	130	17	on	on	ADP
arjefm-1156	130	18	the	the	DET
arjefm-1156	130	19	variables	variable	NOUN
arjefm-1156	130	20	like	like	ADP
arjefm-1156	130	21	unit	unit	NOUN
arjefm-1156	130	22	root	root	NOUN
arjefm-1156	130	23	is	be	AUX
arjefm-1156	130	24	use	use	NOUN
arjefm-1156	130	25	to	to	PART
arjefm-1156	130	26	test	test	VERB
arjefm-1156	130	27	the	the	DET
arjefm-1156	130	28	stationarity	stationarity	NOUN
arjefm-1156	130	29	properties	property	NOUN
arjefm-1156	130	30	of	of	ADP
arjefm-1156	130	31	all	all	DET
arjefm-1156	130	32	the	the	DET
arjefm-1156	130	33	data	datum	NOUN
arjefm-1156	130	34	to	to	PART
arjefm-1156	130	35	ensure	ensure	VERB
arjefm-1156	130	36	that	that	SCONJ
arjefm-1156	130	37	the	the	DET
arjefm-1156	130	38	estimated	estimate	VERB
arjefm-1156	130	39	result	result	NOUN
arjefm-1156	130	40	are	be	AUX
arjefm-1156	130	41	not	not	PART
arjefm-1156	130	42	spurious	spurious	ADJ
arjefm-1156	130	43	and	and	CCONJ
arjefm-1156	130	44	that	that	SCONJ
arjefm-1156	130	45	estimated	estimate	VERB
arjefm-1156	130	46	parameters	parameter	NOUN
arjefm-1156	130	47	from	from	ADP
arjefm-1156	130	48	the	the	DET
arjefm-1156	130	49	specified	specify	VERB
arjefm-1156	130	50	models	model	NOUN
arjefm-1156	130	51	are	be	AUX
arjefm-1156	130	52	valid	valid	ADJ
arjefm-1156	130	53	and	and	CCONJ
arjefm-1156	130	54	consistent	consistent	ADJ
arjefm-1156	130	55	.	.	PUNCT
arjefm-1156	131	1	the	the	DET
arjefm-1156	131	2	study	study	NOUN
arjefm-1156	131	3	also	also	ADV
arjefm-1156	131	4	test	test	VERB
arjefm-1156	131	5	for	for	ADP
arjefm-1156	131	6	any	any	DET
arjefm-1156	131	7	long	long	ADJ
arjefm-1156	131	8	run	run	NOUN
arjefm-1156	131	9	relationship	relationship	NOUN
arjefm-1156	131	10	among	among	ADP
arjefm-1156	131	11	the	the	DET
arjefm-1156	131	12	variables	variable	NOUN
arjefm-1156	131	13	using	use	VERB
arjefm-1156	131	14	the	the	DET
arjefm-1156	131	15	autoregressive	autoregressive	ADJ
arjefm-1156	131	16	distributed	distribute	VERB
arjefm-1156	131	17	lag	lag	NOUN
arjefm-1156	131	18	(	(	PUNCT
arjefm-1156	131	19	ardl	ardl	NOUN
arjefm-1156	131	20	)	)	PUNCT
arjefm-1156	131	21	bound	bind	VERB
arjefm-1156	131	22	testing	testing	NOUN
arjefm-1156	131	23	approach	approach	NOUN
arjefm-1156	131	24	.	.	PUNCT
arjefm-1156	132	1	the	the	DET
arjefm-1156	132	2	ardl	ardl	NOUN
arjefm-1156	132	3	estimation	estimation	NOUN
arjefm-1156	132	4	technique	technique	NOUN
arjefm-1156	132	5	is	be	AUX
arjefm-1156	132	6	employed	employ	VERB
arjefm-1156	132	7	to	to	PART
arjefm-1156	132	8	estimate	estimate	VERB
arjefm-1156	132	9	the	the	DET
arjefm-1156	132	10	long	long	ADJ
arjefm-1156	132	11	and	and	CCONJ
arjefm-1156	132	12	short	short	ADJ
arjefm-1156	132	13	run	run	NOUN
arjefm-1156	132	14	parameters	parameter	NOUN
arjefm-1156	132	15	.	.	PUNCT
arjefm-1156	133	1	table	table	NOUN
arjefm-1156	133	2	1	1	NUM
arjefm-1156	133	3	:	:	PUNCT
arjefm-1156	133	4	unit	unit	NOUN
arjefm-1156	133	5	root	root	PROPN
arjefm-1156	133	6	test	test	NOUN
arjefm-1156	133	7	result	result	NOUN
arjefm-1156	133	8	for	for	ADP
arjefm-1156	133	9	augmented	augment	VERB
arjefm-1156	133	10	dickey	dickey	PROPN
arjefm-1156	133	11	fuller	fuller	PROPN
arjefm-1156	133	12	variables	variables	PROPN
arjefm-1156	133	13	adf	adf	PROPN
arjefm-1156	133	14	levels	level	NOUN
arjefm-1156	133	15	first	first	ADJ
arjefm-1156	133	16	difference	difference	NOUN
arjefm-1156	133	17	remark	remark	NOUN
arjefm-1156	133	18	bop	bop	INTJ
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arjefm-1156	135	20	:	:	PUNCT
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arjefm-1156	137	15	)	)	PUNCT
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arjefm-1156	138	14	the	the	DET
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arjefm-1156	138	16	,	,	PUNCT
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arjefm-1156	138	18	the	the	DET
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arjefm-1156	138	20	of	of	ADP
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arjefm-1156	139	5	,	,	PUNCT
arjefm-1156	139	6	the	the	DET
arjefm-1156	139	7	adf	adf	PROPN
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arjefm-1156	139	9	results	result	NOUN
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arjefm-1156	139	11	a	a	DET
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arjefm-1156	139	13	of	of	ADP
arjefm-1156	139	14	i(0	i(0	PROPN
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arjefm-1156	139	17	i(1	i(1	PROPN
arjefm-1156	139	18	)	)	PUNCT
arjefm-1156	139	19	series	series	NOUN
arjefm-1156	139	20	.	.	PUNCT
arjefm-1156	140	1	this	this	PRON
arjefm-1156	140	2	means	mean	VERB
arjefm-1156	140	3	that	that	SCONJ
arjefm-1156	140	4	they	they	PRON
arjefm-1156	140	5	are	be	AUX
arjefm-1156	140	6	integrated	integrate	VERB
arjefm-1156	140	7	of	of	ADP
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arjefm-1156	140	9	orders	order	NOUN
arjefm-1156	140	10	.	.	PUNCT
arjefm-1156	141	1	for	for	ADP
arjefm-1156	141	2	instance	instance	NOUN
arjefm-1156	141	3	,	,	PUNCT
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arjefm-1156	147	26	:	:	PUNCT
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arjefm-1156	147	28	-	-	SYM
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arjefm-1156	147	32	:	:	PUNCT
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arjefm-1156	147	36	:	:	PUNCT
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arjefm-1156	147	40	:	:	PUNCT
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arjefm-1156	150	15	payments	payment	NOUN
arjefm-1156	150	16	(	(	PUNCT
arjefm-1156	150	17	bop	bop	INTJ
arjefm-1156	150	18	)	)	PUNCT
arjefm-1156	150	19	equation	equation	NOUN
arjefm-1156	150	20	is	be	AUX
arjefm-1156	150	21	presented	present	VERB
arjefm-1156	150	22	in	in	ADP
arjefm-1156	150	23	table	table	NOUN
arjefm-1156	150	24	2	2	NUM
arjefm-1156	150	25	.	.	PUNCT
arjefm-1156	150	26	from	from	ADP
arjefm-1156	150	27	the	the	DET
arjefm-1156	150	28	result	result	NOUN
arjefm-1156	150	29	it	it	PRON
arjefm-1156	150	30	can	can	AUX
arjefm-1156	150	31	be	be	AUX
arjefm-1156	150	32	seen	see	VERB
arjefm-1156	150	33	that	that	SCONJ
arjefm-1156	150	34	the	the	DET
arjefm-1156	150	35	oneand	oneand	ADJ
arjefm-1156	150	36	two	two	NUM
arjefm-1156	150	37	-	-	PUNCT
arjefm-1156	150	38	years	year	NOUN
arjefm-1156	150	39	lags	lag	NOUN
arjefm-1156	150	40	of	of	ADP
arjefm-1156	150	41	balance	balance	NOUN
arjefm-1156	150	42	of	of	ADP
arjefm-1156	150	43	payments	payment	NOUN
arjefm-1156	150	44	has	have	VERB
arjefm-1156	150	45	a	a	DET
arjefm-1156	150	46	significant	significant	ADJ
arjefm-1156	150	47	impact	impact	NOUN
arjefm-1156	150	48	on	on	ADP
arjefm-1156	150	49	balance	balance	NOUN
arjefm-1156	150	50	of	of	ADP
arjefm-1156	150	51	payments	payment	NOUN
arjefm-1156	150	52	in	in	ADP
arjefm-1156	150	53	the	the	DET
arjefm-1156	150	54	current	current	ADJ
arjefm-1156	150	55	year	year	NOUN
arjefm-1156	150	56	.	.	PUNCT
arjefm-1156	151	1	the	the	DET
arjefm-1156	151	2	one	one	NUM
arjefm-1156	151	3	-	-	PUNCT
arjefm-1156	151	4	year	year	NOUN
arjefm-1156	151	5	lag	lag	NOUN
arjefm-1156	151	6	of	of	ADP
arjefm-1156	151	7	bop	bop	NOUN
arjefm-1156	151	8	has	have	VERB
arjefm-1156	151	9	a	a	DET
arjefm-1156	151	10	negative	negative	ADJ
arjefm-1156	151	11	effect	effect	NOUN
arjefm-1156	151	12	on	on	ADP
arjefm-1156	151	13	bop	bop	INTJ
arjefm-1156	151	14	in	in	ADP
arjefm-1156	151	15	the	the	DET
arjefm-1156	151	16	current	current	ADJ
arjefm-1156	151	17	year	year	NOUN
arjefm-1156	151	18	,	,	PUNCT
arjefm-1156	151	19	while	while	SCONJ
arjefm-1156	151	20	the	the	DET
arjefm-1156	151	21	two	two	NUM
arjefm-1156	151	22	-	-	PUNCT
arjefm-1156	151	23	year	year	NOUN
arjefm-1156	151	24	lag	lag	NOUN
arjefm-1156	151	25	of	of	ADP
arjefm-1156	151	26	bop	bop	NOUN
arjefm-1156	151	27	has	have	VERB
arjefm-1156	151	28	positive	positive	ADJ
arjefm-1156	151	29	impact	impact	NOUN
arjefm-1156	151	30	on	on	ADP
arjefm-1156	151	31	bop	bop	INTJ
arjefm-1156	151	32	in	in	ADP
arjefm-1156	151	33	the	the	DET
arjefm-1156	151	34	current	current	ADJ
arjefm-1156	151	35	year	year	NOUN
arjefm-1156	151	36	.	.	PUNCT
arjefm-1156	152	1	it	it	PRON
arjefm-1156	152	2	can	can	AUX
arjefm-1156	152	3	also	also	ADV
arjefm-1156	152	4	be	be	AUX
arjefm-1156	152	5	seen	see	VERB
arjefm-1156	152	6	that	that	SCONJ
arjefm-1156	152	7	the	the	DET
arjefm-1156	152	8	current	current	ADJ
arjefm-1156	152	9	and	and	CCONJ
arjefm-1156	152	10	one	one	NUM
arjefm-1156	152	11	-	-	PUNCT
arjefm-1156	152	12	year	year	NOUN
arjefm-1156	152	13	lag	lag	NOUN
arjefm-1156	152	14	of	of	ADP
arjefm-1156	152	15	inflation	inflation	NOUN
arjefm-1156	152	16	(	(	PUNCT
arjefm-1156	152	17	cpi	cpi	PROPN
arjefm-1156	152	18	)	)	PUNCT
arjefm-1156	152	19	has	have	VERB
arjefm-1156	152	20	a	a	DET
arjefm-1156	152	21	positive	positive	ADJ
arjefm-1156	152	22	and	and	CCONJ
arjefm-1156	152	23	significant	significant	ADJ
arjefm-1156	152	24	impact	impact	NOUN
arjefm-1156	152	25	on	on	ADP
arjefm-1156	152	26	bop	bop	NOUN
arjefm-1156	152	27	,	,	PUNCT
arjefm-1156	152	28	while	while	SCONJ
arjefm-1156	152	29	the	the	DET
arjefm-1156	152	30	two	two	NUM
arjefm-1156	152	31	-	-	PUNCT
arjefm-1156	152	32	year	year	NOUN
arjefm-1156	152	33	lag	lag	NOUN
arjefm-1156	152	34	of	of	ADP
arjefm-1156	152	35	bop	bop	NOUN
arjefm-1156	152	36	has	have	VERB
arjefm-1156	152	37	a	a	DET
arjefm-1156	152	38	negative	negative	ADJ
arjefm-1156	152	39	and	and	CCONJ
arjefm-1156	152	40	non	non	ADJ
arjefm-1156	152	41	-	-	ADJ
arjefm-1156	152	42	significant	significant	ADJ
arjefm-1156	152	43	impact	impact	NOUN
arjefm-1156	152	44	on	on	ADP
arjefm-1156	152	45	bop	bop	NOUN
arjefm-1156	152	46	.	.	PUNCT
arjefm-1156	153	1	the	the	DET
arjefm-1156	153	2	result	result	NOUN
arjefm-1156	153	3	indicates	indicate	VERB
arjefm-1156	153	4	that	that	SCONJ
arjefm-1156	153	5	dollarization	dollarization	NOUN
arjefm-1156	153	6	index	index	NOUN
arjefm-1156	153	7	(	(	PUNCT
arjefm-1156	153	8	dl	dl	NOUN
arjefm-1156	153	9	)	)	PUNCT
arjefm-1156	153	10	in	in	ADP
arjefm-1156	153	11	the	the	DET
arjefm-1156	153	12	current	current	ADJ
arjefm-1156	153	13	year	year	NOUN
arjefm-1156	153	14	has	have	VERB
arjefm-1156	153	15	a	a	DET
arjefm-1156	153	16	positive	positive	ADJ
arjefm-1156	153	17	and	and	CCONJ
arjefm-1156	153	18	significant	significant	ADJ
arjefm-1156	153	19	impact	impact	NOUN
arjefm-1156	153	20	on	on	ADP
arjefm-1156	153	21	bop	bop	NOUN
arjefm-1156	153	22	,	,	PUNCT
arjefm-1156	153	23	while	while	SCONJ
arjefm-1156	153	24	its	its	PRON
arjefm-1156	153	25	oneand	oneand	ADJ
arjefm-1156	153	26	two	two	NUM
arjefm-1156	153	27	-	-	PUNCT
arjefm-1156	153	28	year	year	NOUN
arjefm-1156	153	29	lags	lag	NOUN
arjefm-1156	153	30	have	have	VERB
arjefm-1156	153	31	a	a	DET
arjefm-1156	153	32	negative	negative	ADJ
arjefm-1156	153	33	and	and	CCONJ
arjefm-1156	153	34	significant	significant	ADJ
arjefm-1156	153	35	impact	impact	NOUN
arjefm-1156	153	36	on	on	ADP
arjefm-1156	153	37	bop	bop	NOUN
arjefm-1156	153	38	.	.	PUNCT
arjefm-1156	154	1	domestic	domestic	ADJ
arjefm-1156	154	2	interest	interest	NOUN
arjefm-1156	154	3	rate	rate	NOUN
arjefm-1156	154	4	(	(	PUNCT
arjefm-1156	154	5	dir	dir	PROPN
arjefm-1156	154	6	)	)	PUNCT
arjefm-1156	154	7	and	and	CCONJ
arjefm-1156	154	8	its	its	PRON
arjefm-1156	154	9	one	one	NUM
arjefm-1156	154	10	-	-	PUNCT
arjefm-1156	154	11	year	year	NOUN
arjefm-1156	154	12	lag	lag	NOUN
arjefm-1156	154	13	have	have	VERB
arjefm-1156	154	14	a	a	DET
arjefm-1156	154	15	negative	negative	ADJ
arjefm-1156	154	16	effect	effect	NOUN
arjefm-1156	154	17	on	on	ADP
arjefm-1156	154	18	bop	bop	NOUN
arjefm-1156	154	19	,	,	PUNCT
arjefm-1156	154	20	while	while	SCONJ
arjefm-1156	154	21	the	the	DET
arjefm-1156	154	22	two	two	NUM
arjefm-1156	154	23	-	-	PUNCT
arjefm-1156	154	24	year	year	NOUN
arjefm-1156	154	25	lag	lag	NOUN
arjefm-1156	154	26	of	of	ADP
arjefm-1156	154	27	dir	dir	NOUN
arjefm-1156	154	28	has	have	VERB
arjefm-1156	154	29	a	a	DET
arjefm-1156	154	30	positive	positive	ADJ
arjefm-1156	154	31	relationship	relationship	NOUN
arjefm-1156	154	32	with	with	ADP
arjefm-1156	154	33	bop	bop	NOUN
arjefm-1156	154	34	.	.	PUNCT
arjefm-1156	155	1	however	however	ADV
arjefm-1156	155	2	,	,	PUNCT
arjefm-1156	155	3	the	the	DET
arjefm-1156	155	4	impact	impact	NOUN
arjefm-1156	155	5	of	of	ADP
arjefm-1156	155	6	dir	dir	NOUN
arjefm-1156	155	7	on	on	ADP
arjefm-1156	155	8	bop	bop	ADV
arjefm-1156	155	9	is	be	AUX
arjefm-1156	155	10	not	not	PART
arjefm-1156	155	11	statistically	statistically	ADV
arjefm-1156	155	12	significant	significant	ADJ
arjefm-1156	155	13	,	,	PUNCT
arjefm-1156	155	14	while	while	SCONJ
arjefm-1156	155	15	its	its	PRON
arjefm-1156	155	16	lags	lag	NOUN
arjefm-1156	155	17	have	have	VERB
arjefm-1156	155	18	a	a	DET
arjefm-1156	155	19	significant	significant	ADJ
arjefm-1156	155	20	impact	impact	NOUN
arjefm-1156	155	21	on	on	ADP
arjefm-1156	155	22	bop	bop	NOUN
arjefm-1156	155	23	.	.	PUNCT
arjefm-1156	156	1	exchange	exchange	NOUN
arjefm-1156	156	2	rate	rate	NOUN
arjefm-1156	156	3	(	(	PUNCT
arjefm-1156	156	4	exr	exr	PROPN
arjefm-1156	156	5	)	)	PUNCT
arjefm-1156	156	6	has	have	VERB
arjefm-1156	156	7	a	a	DET
arjefm-1156	156	8	negative	negative	ADJ
arjefm-1156	156	9	and	and	CCONJ
arjefm-1156	156	10	non	non	ADJ
arjefm-1156	156	11	-	-	ADJ
arjefm-1156	156	12	significant	significant	ADJ
arjefm-1156	156	13	impact	impact	NOUN
arjefm-1156	156	14	on	on	ADP
arjefm-1156	156	15	bop	bop	NOUN
arjefm-1156	156	16	.	.	PUNCT
arjefm-1156	157	1	on	on	ADP
arjefm-1156	157	2	the	the	DET
arjefm-1156	157	3	other	other	ADJ
arjefm-1156	157	4	hand	hand	NOUN
arjefm-1156	157	5	,	,	PUNCT
arjefm-1156	157	6	the	the	DET
arjefm-1156	157	7	oneand	oneand	ADJ
arjefm-1156	157	8	two	two	NUM
arjefm-1156	157	9	-	-	PUNCT
arjefm-1156	157	10	year	year	NOUN
arjefm-1156	157	11	lags	lag	NOUN
arjefm-1156	157	12	of	of	ADP
arjefm-1156	157	13	exr	exr	PROPN
arjefm-1156	157	14	have	have	VERB
arjefm-1156	157	15	a	a	DET
arjefm-1156	157	16	positive	positive	ADJ
arjefm-1156	157	17	and	and	CCONJ
arjefm-1156	157	18	significant	significant	ADJ
arjefm-1156	157	19	impact	impact	NOUN
arjefm-1156	157	20	on	on	ADP
arjefm-1156	157	21	bop	bop	NOUN
arjefm-1156	157	22	.	.	PUNCT
arjefm-1156	158	1	foreign	foreign	ADJ
arjefm-1156	158	2	interest	interest	NOUN
arjefm-1156	158	3	rate	rate	NOUN
arjefm-1156	158	4	(	(	PUNCT
arjefm-1156	158	5	fir	fir	NOUN
arjefm-1156	158	6	)	)	PUNCT
arjefm-1156	158	7	and	and	CCONJ
arjefm-1156	158	8	its	its	PRON
arjefm-1156	158	9	one	one	NUM
arjefm-1156	158	10	-	-	PUNCT
arjefm-1156	158	11	year	year	NOUN
arjefm-1156	158	12	lag	lag	NOUN
arjefm-1156	158	13	have	have	VERB
arjefm-1156	158	14	a	a	DET
arjefm-1156	158	15	statistically	statistically	ADV
arjefm-1156	158	16	significant	significant	ADJ
arjefm-1156	158	17	impact	impact	NOUN
arjefm-1156	158	18	on	on	ADP
arjefm-1156	158	19	bop	bop	NOUN
arjefm-1156	158	20	.	.	PUNCT
arjefm-1156	159	1	the	the	DET
arjefm-1156	159	2	impact	impact	NOUN
arjefm-1156	159	3	of	of	ADP
arjefm-1156	159	4	fir	fir	NOUN
arjefm-1156	159	5	is	be	AUX
arjefm-1156	159	6	negative	negative	ADJ
arjefm-1156	159	7	,	,	PUNCT
arjefm-1156	159	8	while	while	SCONJ
arjefm-1156	159	9	the	the	DET
arjefm-1156	159	10	impact	impact	NOUN
arjefm-1156	159	11	of	of	ADP
arjefm-1156	159	12	its	its	PRON
arjefm-1156	159	13	lag	lag	NOUN
arjefm-1156	159	14	is	be	AUX
arjefm-1156	159	15	positive	positive	ADJ
arjefm-1156	159	16	.	.	PUNCT
arjefm-1156	160	1	the	the	DET
arjefm-1156	160	2	two	two	NUM
arjefm-1156	160	3	-	-	PUNCT
arjefm-1156	160	4	year	year	NOUN
arjefm-1156	160	5	lag	lag	NOUN
arjefm-1156	160	6	of	of	ADP
arjefm-1156	160	7	fir	fir	NOUN
arjefm-1156	160	8	has	have	VERB
arjefm-1156	160	9	a	a	DET
arjefm-1156	160	10	positive	positive	ADJ
arjefm-1156	160	11	but	but	CCONJ
arjefm-1156	160	12	non	non	ADJ
arjefm-1156	160	13	-	-	ADJ
arjefm-1156	160	14	significant	significant	ADJ
arjefm-1156	160	15	impact	impact	NOUN
arjefm-1156	160	16	on	on	ADP
arjefm-1156	160	17	bop	bop	INTJ
arjefm-1156	160	18	.	.	PUNCT
arjefm-1156	161	1	finally	finally	ADV
arjefm-1156	161	2	,	,	PUNCT
arjefm-1156	161	3	the	the	DET
arjefm-1156	161	4	error	error	NOUN
arjefm-1156	161	5	correction	correction	NOUN
arjefm-1156	161	6	coefficient	coefficient	NOUN
arjefm-1156	161	7	(	(	PUNCT
arjefm-1156	161	8	cointeq(-1	cointeq(-1	NOUN
arjefm-1156	161	9	)	)	PUNCT
arjefm-1156	161	10	)	)	PUNCT
arjefm-1156	161	11	is	be	AUX
arjefm-1156	161	12	negative	negative	ADJ
arjefm-1156	161	13	and	and	CCONJ
arjefm-1156	161	14	statically	statically	ADV
arjefm-1156	161	15	significant	significant	ADJ
arjefm-1156	161	16	.	.	PUNCT
arjefm-1156	162	1	the	the	DET
arjefm-1156	162	2	adjusted	adjusted	ADJ
arjefm-1156	162	3	r	r	NOUN
arjefm-1156	162	4	-	-	PUNCT
arjefm-1156	162	5	squared	square	VERB
arjefm-1156	162	6	of	of	ADP
arjefm-1156	162	7	0.68	0.68	NUM
arjefm-1156	162	8	indicates	indicate	VERB
arjefm-1156	162	9	that	that	SCONJ
arjefm-1156	162	10	about	about	ADV
arjefm-1156	162	11	68	68	NUM
arjefm-1156	162	12	percent	percent	NOUN
arjefm-1156	162	13	of	of	ADP
arjefm-1156	162	14	variation	variation	NOUN
arjefm-1156	162	15	in	in	ADP
arjefm-1156	162	16	the	the	DET
arjefm-1156	162	17	bop	bop	NOUN
arjefm-1156	162	18	is	be	AUX
arjefm-1156	162	19	explained	explain	VERB
arjefm-1156	162	20	by	by	ADP
arjefm-1156	162	21	the	the	DET
arjefm-1156	162	22	regressors	regressor	NOUN
arjefm-1156	162	23	,	,	PUNCT
arjefm-1156	162	24	32	32	NUM
arjefm-1156	162	25	percent	percent	NOUN
arjefm-1156	162	26	was	be	AUX
arjefm-1156	162	27	unexplained	unexplained	ADJ
arjefm-1156	162	28	which	which	PRON
arjefm-1156	162	29	may	may	AUX
arjefm-1156	162	30	be	be	AUX
arjefm-1156	162	31	accounted	account	VERB
arjefm-1156	162	32	for	for	ADP
arjefm-1156	162	33	by	by	ADP
arjefm-1156	162	34	other	other	ADJ
arjefm-1156	162	35	factors	factor	NOUN
arjefm-1156	162	36	not	not	PART
arjefm-1156	162	37	included	include	VERB
arjefm-1156	162	38	in	in	ADP
arjefm-1156	162	39	the	the	DET
arjefm-1156	162	40	model	model	NOUN
arjefm-1156	162	41	.	.	PUNCT
arjefm-1156	163	1	the	the	DET
arjefm-1156	163	2	f	f	NOUN
arjefm-1156	163	3	-	-	PUNCT
arjefm-1156	163	4	statistic	statistic	NOUN
arjefm-1156	163	5	of	of	ADP
arjefm-1156	163	6	about	about	ADV
arjefm-1156	163	7	13.66	13.66	NUM
arjefm-1156	163	8	shows	show	NOUN
arjefm-1156	163	9	that	that	SCONJ
arjefm-1156	163	10	all	all	DET
arjefm-1156	163	11	the	the	DET
arjefm-1156	163	12	variables	variable	NOUN
arjefm-1156	163	13	in	in	ADP
arjefm-1156	163	14	the	the	DET
arjefm-1156	163	15	model	model	NOUN
arjefm-1156	163	16	are	be	AUX
arjefm-1156	163	17	together	together	ADV
arjefm-1156	163	18	as	as	SCONJ
arjefm-1156	163	19	a	a	DET
arjefm-1156	163	20	group	group	NOUN
arjefm-1156	163	21	statistically	statistically	ADV
arjefm-1156	163	22	significant	significant	ADJ
arjefm-1156	163	23	.	.	PUNCT
arjefm-1156	164	1	this	this	PRON
arjefm-1156	164	2	means	mean	VERB
arjefm-1156	164	3	that	that	SCONJ
arjefm-1156	164	4	the	the	DET
arjefm-1156	164	5	model	model	NOUN
arjefm-1156	164	6	has	have	VERB
arjefm-1156	164	7	a	a	DET
arjefm-1156	164	8	good	good	ADJ
arjefm-1156	164	9	fit	fit	NOUN
arjefm-1156	164	10	.	.	PUNCT
arjefm-1156	165	1	durbin	durbin	ADJ
arjefm-1156	165	2	-	-	PUNCT
arjefm-1156	165	3	watson	watson	NOUN
arjefm-1156	165	4	(	(	PUNCT
arjefm-1156	165	5	d	d	PROPN
arjefm-1156	165	6	-	-	PUNCT
arjefm-1156	165	7	w	w	NOUN
arjefm-1156	165	8	)	)	PUNCT
arjefm-1156	165	9	statistic	statistic	NOUN
arjefm-1156	165	10	of	of	ADP
arjefm-1156	165	11	2.423	2.423	NUM
arjefm-1156	165	12	indicates	indicate	VERB
arjefm-1156	165	13	no	no	DET
arjefm-1156	165	14	autocorrelation	autocorrelation	NOUN
arjefm-1156	165	15	in	in	ADP
arjefm-1156	165	16	the	the	DET
arjefm-1156	165	17	model	model	NOUN
arjefm-1156	165	18	.	.	PUNCT
arjefm-1156	166	1	therefore	therefore	ADV
arjefm-1156	166	2	,	,	PUNCT
arjefm-1156	166	3	the	the	DET
arjefm-1156	166	4	results	result	NOUN
arjefm-1156	166	5	can	can	AUX
arjefm-1156	166	6	be	be	AUX
arjefm-1156	166	7	used	use	VERB
arjefm-1156	166	8	for	for	ADP
arjefm-1156	166	9	economic	economic	ADJ
arjefm-1156	166	10	forecast	forecast	NOUN
arjefm-1156	166	11	and	and	CCONJ
arjefm-1156	166	12	economic	economic	ADJ
arjefm-1156	166	13	policy	policy	NOUN
arjefm-1156	166	14	.	.	PUNCT
arjefm-1156	167	1	the	the	DET
arjefm-1156	167	2	ardl	ardl	NOUN
arjefm-1156	167	3	results	result	NOUN
arjefm-1156	167	4	of	of	ADP
arjefm-1156	167	5	the	the	DET
arjefm-1156	167	6	balance	balance	NOUN
arjefm-1156	167	7	of	of	ADP
arjefm-1156	167	8	payments	payment	NOUN
arjefm-1156	167	9	(	(	PUNCT
arjefm-1156	167	10	bop	bop	INTJ
arjefm-1156	167	11	)	)	PUNCT
arjefm-1156	167	12	equation	equation	NOUN
arjefm-1156	167	13	is	be	AUX
arjefm-1156	167	14	also	also	ADV
arjefm-1156	167	15	presented	present	VERB
arjefm-1156	167	16	in	in	ADP
arjefm-1156	167	17	table	table	NOUN
arjefm-1156	167	18	2	2	NUM
arjefm-1156	167	19	.	.	PUNCT
arjefm-1156	167	20	from	from	ADP
arjefm-1156	167	21	the	the	DET
arjefm-1156	167	22	result	result	NOUN
arjefm-1156	167	23	,	,	PUNCT
arjefm-1156	167	24	it	it	PRON
arjefm-1156	167	25	can	can	AUX
arjefm-1156	167	26	be	be	AUX
arjefm-1156	167	27	seen	see	VERB
arjefm-1156	167	28	that	that	SCONJ
arjefm-1156	167	29	dl	dl	PROPN
arjefm-1156	167	30	,	,	PUNCT
arjefm-1156	167	31	cpi	cpi	PROPN
arjefm-1156	167	32	,	,	PUNCT
arjefm-1156	167	33	exr	exr	PROPN
arjefm-1156	167	34	and	and	CCONJ
arjefm-1156	167	35	dir	dir	NOUN
arjefm-1156	167	36	has	have	VERB
arjefm-1156	167	37	a	a	DET
arjefm-1156	167	38	negative	negative	ADJ
arjefm-1156	167	39	impact	impact	NOUN
arjefm-1156	167	40	on	on	ADP
arjefm-1156	167	41	bop	bop	INTJ
arjefm-1156	167	42	in	in	ADP
arjefm-1156	167	43	the	the	DET
arjefm-1156	167	44	long	long	ADJ
arjefm-1156	167	45	run	run	NOUN
arjefm-1156	167	46	,	,	PUNCT
arjefm-1156	167	47	while	while	SCONJ
arjefm-1156	167	48	fir	fir	NOUN
arjefm-1156	167	49	exhibit	exhibit	VERB
arjefm-1156	167	50	a	a	DET
arjefm-1156	167	51	positive	positive	ADJ
arjefm-1156	167	52	relationship	relationship	NOUN
arjefm-1156	167	53	.	.	PUNCT
arjefm-1156	168	1	this	this	PRON
arjefm-1156	168	2	implies	imply	VERB
arjefm-1156	168	3	that	that	SCONJ
arjefm-1156	168	4	,	,	PUNCT
arjefm-1156	168	5	a	a	DET
arjefm-1156	168	6	1	1	NUM
arjefm-1156	168	7	%	%	NOUN
arjefm-1156	168	8	increase	increase	NOUN
arjefm-1156	168	9	in	in	ADP
arjefm-1156	168	10	the	the	DET
arjefm-1156	168	11	variables	variable	NOUN
arjefm-1156	168	12	(	(	PUNCT
arjefm-1156	168	13	dl	dl	PROPN
arjefm-1156	168	14	,	,	PUNCT
arjefm-1156	168	15	cpi	cpi	PROPN
arjefm-1156	168	16	,	,	PUNCT
arjefm-1156	168	17	exr	exr	PROPN
arjefm-1156	168	18	,	,	PUNCT
arjefm-1156	168	19	and	and	CCONJ
arjefm-1156	168	20	dir	dir	NOUN
arjefm-1156	168	21	)	)	PUNCT
arjefm-1156	168	22	will	will	AUX
arjefm-1156	168	23	cause	cause	VERB
arjefm-1156	168	24	the	the	DET
arjefm-1156	168	25	bop	bop	NOUN
arjefm-1156	168	26	to	to	PART
arjefm-1156	168	27	reduce	reduce	VERB
arjefm-1156	168	28	by	by	ADP
arjefm-1156	168	29	17.2	17.2	NUM
arjefm-1156	168	30	%	%	NOUN
arjefm-1156	168	31	,	,	PUNCT
arjefm-1156	168	32	42.2	42.2	NUM
arjefm-1156	168	33	%	%	NOUN
arjefm-1156	168	34	,	,	PUNCT
arjefm-1156	168	35	12.1	12.1	NUM
arjefm-1156	168	36	%	%	NOUN
arjefm-1156	168	37	and	and	CCONJ
arjefm-1156	168	38	4.45	4.45	NUM
arjefm-1156	168	39	respectively	respectively	ADV
arjefm-1156	168	40	.	.	PUNCT
arjefm-1156	169	1	similarly	similarly	ADV
arjefm-1156	169	2	,	,	PUNCT
arjefm-1156	169	3	a	a	DET
arjefm-1156	169	4	1	1	NUM
arjefm-1156	169	5	%	%	NOUN
arjefm-1156	169	6	increase	increase	NOUN
arjefm-1156	169	7	american	american	ADJ
arjefm-1156	169	8	research	research	PROPN
arjefm-1156	169	9	journal	journal	PROPN
arjefm-1156	169	10	of	of	ADP
arjefm-1156	169	11	economics	economic	NOUN
arjefm-1156	169	12	,	,	PUNCT
arjefm-1156	169	13	finance	finance	NOUN
arjefm-1156	169	14	and	and	CCONJ
arjefm-1156	169	15	management	management	NOUN
arjefm-1156	169	16	volume	volume	NOUN
arjefm-1156	169	17	13	13	NUM
arjefm-1156	169	18	issue	issue	NOUN
arjefm-1156	169	19	1	1	NUM
arjefm-1156	169	20	,	,	PUNCT
arjefm-1156	169	21	january	january	PROPN
arjefm-1156	169	22	-	-	PUNCT
arjefm-1156	169	23	march	march	PROPN
arjefm-1156	169	24	2025	2025	NUM
arjefm-1156	169	25	issn	issn	NOUN
arjefm-1156	169	26	:	:	PUNCT
arjefm-1156	169	27	2836	2836	NUM
arjefm-1156	169	28	-	-	SYM
arjefm-1156	169	29	9416	9416	NUM
arjefm-1156	169	30	impact	impact	NOUN
arjefm-1156	169	31	factor	factor	NOUN
arjefm-1156	169	32	:	:	PUNCT
arjefm-1156	169	33	6.41	6.41	NUM
arjefm-1156	169	34	journal	journal	NOUN
arjefm-1156	169	35	homepage	homepage	NOUN
arjefm-1156	169	36	:	:	PUNCT
arjefm-1156	169	37	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	169	38	,	,	PUNCT
arjefm-1156	169	39	email	email	NOUN
arjefm-1156	169	40	:	:	PUNCT
arjefm-1156	169	41	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1156	169	42	official	official	ADJ
arjefm-1156	169	43	journal	journal	PROPN
arjefm-1156	169	44	of	of	ADP
arjefm-1156	169	45	america	america	PROPN
arjefm-1156	169	46	serial	serial	PROPN
arjefm-1156	169	47	publication	publication	NOUN
arjefm-1156	169	48	american	american	PROPN
arjefm-1156	169	49	research	research	PROPN
arjefm-1156	169	50	journal	journal	PROPN
arjefm-1156	169	51	of	of	ADP
arjefm-1156	169	52	economics	economic	NOUN
arjefm-1156	169	53	,	,	PUNCT
arjefm-1156	169	54	finance	finance	NOUN
arjefm-1156	169	55	and	and	CCONJ
arjefm-1156	169	56	management	management	NOUN
arjefm-1156	169	57	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	169	58	,	,	PUNCT
arjefm-1156	169	59	email	email	NOUN
arjefm-1156	169	60	:	:	PUNCT
arjefm-1156	169	61	contact@americaserial.com	contact@americaserial.com	X
arjefm-1156	170	1	55	55	NUM
arjefm-1156	171	1	|	|	ADV
arjefm-1156	171	2	p	p	NOUN
arjefm-1156	171	3	a	a	DET
arjefm-1156	171	4	g	g	NOUN
arjefm-1156	171	5	e	e	NOUN
arjefm-1156	171	6	in	in	ADP
arjefm-1156	171	7	foreign	foreign	ADJ
arjefm-1156	171	8	interest	interest	NOUN
arjefm-1156	171	9	rate	rate	NOUN
arjefm-1156	171	10	(	(	PUNCT
arjefm-1156	171	11	fir	fir	NOUN
arjefm-1156	171	12	)	)	PUNCT
arjefm-1156	171	13	variable	variable	NOUN
arjefm-1156	171	14	will	will	AUX
arjefm-1156	171	15	lead	lead	VERB
arjefm-1156	171	16	to	to	PART
arjefm-1156	171	17	increase	increase	VERB
arjefm-1156	171	18	in	in	ADP
arjefm-1156	171	19	bop	bop	NOUN
arjefm-1156	171	20	by	by	ADP
arjefm-1156	171	21	23.8	23.8	NUM
arjefm-1156	171	22	%	%	NOUN
arjefm-1156	171	23	and	and	CCONJ
arjefm-1156	171	24	42.6	42.6	NUM
arjefm-1156	171	25	%	%	NOUN
arjefm-1156	171	26	respectively	respectively	ADV
arjefm-1156	171	27	.	.	PUNCT
arjefm-1156	172	1	this	this	PRON
arjefm-1156	172	2	indicate	indicate	VERB
arjefm-1156	172	3	that	that	SCONJ
arjefm-1156	172	4	,	,	PUNCT
arjefm-1156	172	5	when	when	SCONJ
arjefm-1156	172	6	fir	fir	NOUN
arjefm-1156	172	7	increases	increase	NOUN
arjefm-1156	172	8	,	,	PUNCT
arjefm-1156	172	9	the	the	DET
arjefm-1156	172	10	current	current	ADJ
arjefm-1156	172	11	account	account	NOUN
arjefm-1156	172	12	of	of	ADP
arjefm-1156	172	13	nigeria	nigeria	PROPN
arjefm-1156	172	14	will	will	AUX
arjefm-1156	172	15	increase	increase	VERB
arjefm-1156	172	16	.	.	PUNCT
arjefm-1156	173	1	table	table	NOUN
arjefm-1156	173	2	3	3	NUM
arjefm-1156	173	3	:	:	PUNCT
arjefm-1156	173	4	ardl	ardl	NOUN
arjefm-1156	173	5	long	long	ADJ
arjefm-1156	173	6	run	run	VERB
arjefm-1156	173	7	results	result	NOUN
arjefm-1156	173	8	of	of	ADP
arjefm-1156	173	9	consumption	consumption	NOUN
arjefm-1156	173	10	equation	equation	NOUN
arjefm-1156	173	11	variable	variable	ADJ
arjefm-1156	173	12	coefficient	coefficient	NOUN
arjefm-1156	173	13	std	std	PROPN
arjefm-1156	173	14	.	.	NOUN
arjefm-1156	173	15	error	error	NOUN
arjefm-1156	173	16	t	t	NOUN
arjefm-1156	173	17	-	-	PUNCT
arjefm-1156	173	18	statistic	statistic	NOUN
arjefm-1156	173	19	prob	prob	NOUN
arjefm-1156	173	20	.	.	PUNCT
arjefm-1156	174	1	log(cpi	log(cpi	PROPN
arjefm-1156	174	2	)	)	PUNCT
arjefm-1156	175	1	0.5124	0.5124	NUM
arjefm-1156	176	1	0.12049	0.12049	NUM
arjefm-1156	176	2	4.25262	4.25262	NUM
arjefm-1156	176	3	*	*	PUNCT
arjefm-1156	176	4	0.0054	0.0054	NUM
arjefm-1156	176	5	log(dl	log(dl	ADJ
arjefm-1156	176	6	)	)	PUNCT
arjefm-1156	176	7	0.260779	0.260779	NUM
arjefm-1156	176	8	0.070801	0.070801	NUM
arjefm-1156	176	9	3.683265	3.683265	NUM
arjefm-1156	176	10	*	*	SYM
arjefm-1156	176	11	0.0103	0.0103	NUM
arjefm-1156	176	12	log(dir	log(dir	NOUN
arjefm-1156	176	13	)	)	PUNCT
arjefm-1156	176	14	-0.11143	-0.11143	NOUN
arjefm-1156	176	15	0.084684	0.084684	NUM
arjefm-1156	176	16	-1.31582	-1.31582	ADJ
arjefm-1156	176	17	0.2363	0.2363	NUM
arjefm-1156	176	18	log(exr	log(exr	X
arjefm-1156	176	19	)	)	PUNCT
arjefm-1156	176	20	-0.13965	-0.13965	NOUN
arjefm-1156	176	21	0.120757	0.120757	NUM
arjefm-1156	176	22	-1.15646	-1.15646	NOUN
arjefm-1156	176	23	0.2915	0.2915	NUM
arjefm-1156	176	24	log(fir	log(fir	NOUN
arjefm-1156	176	25	)	)	PUNCT
arjefm-1156	176	26	-0.064	-0.064	NOUN
arjefm-1156	176	27	0.032191	0.032191	NUM
arjefm-1156	176	28	-1.98806	-1.98806	NOUN
arjefm-1156	177	1	0.094	0.094	NUM
arjefm-1156	177	2	c	c	NOUN
arjefm-1156	177	3	0.6098	0.6098	NUM
arjefm-1156	177	4	1.530966	1.530966	NUM
arjefm-1156	177	5	0.398311	0.398311	NUM
arjefm-1156	177	6	0.7042	0.7042	NUM
arjefm-1156	177	7	cointeq(-1	cointeq(-1	NOUN
arjefm-1156	177	8	)	)	PUNCT
arjefm-1156	177	9	r2	r2	PROPN
arjefm-1156	177	10	adjusted	adjust	VERB
arjefm-1156	177	11	r2	r2	PROPN
arjefm-1156	177	12	-0.64816	-0.64816	PROPN
arjefm-1156	178	1	0.996601	0.996601	NUM
arjefm-1156	178	2	0.981307	0.981307	NUM
arjefm-1156	178	3	0.267864	0.267864	NUM
arjefm-1156	178	4	d	d	X
arjefm-1156	178	5	-	-	PUNCT
arjefm-1156	178	6	w	w	ADJ
arjefm-1156	178	7	f	f	NOUN
arjefm-1156	178	8	-	-	PUNCT
arjefm-1156	178	9	stat	stat	NOUN
arjefm-1156	178	10	.	.	PUNCT
arjefm-1156	179	1	-2.41974	-2.41974	PROPN
arjefm-1156	179	2	*	*	PUNCT
arjefm-1156	180	1	2.598334	2.598334	NUM
arjefm-1156	180	2	65.16295	65.16295	NUM
arjefm-1156	180	3	0.0203	0.0203	NUM
arjefm-1156	180	4	note	note	NOUN
arjefm-1156	180	5	:	:	PUNCT
arjefm-1156	180	6	*	*	PUNCT
arjefm-1156	180	7	implies	imply	VERB
arjefm-1156	180	8	significance	significance	NOUN
arjefm-1156	180	9	at	at	ADP
arjefm-1156	180	10	5	5	NUM
arjefm-1156	180	11	per	per	NOUN
arjefm-1156	180	12	cent	cent	NOUN
arjefm-1156	180	13	level	level	NOUN
arjefm-1156	180	14	of	of	ADP
arjefm-1156	180	15	significance	significance	NOUN
arjefm-1156	180	16	.	.	PUNCT
arjefm-1156	181	1	source	source	NOUN
arjefm-1156	181	2	:	:	PUNCT
arjefm-1156	181	3	author`s	author`s	PROPN
arjefm-1156	181	4	computation	computation	NOUN
arjefm-1156	181	5	,	,	PUNCT
arjefm-1156	181	6	2025	2025	NUM
arjefm-1156	181	7	the	the	DET
arjefm-1156	181	8	ardl	ardl	NOUN
arjefm-1156	181	9	result	result	NOUN
arjefm-1156	181	10	of	of	ADP
arjefm-1156	181	11	the	the	DET
arjefm-1156	181	12	consumption	consumption	NOUN
arjefm-1156	181	13	model	model	NOUN
arjefm-1156	181	14	is	be	AUX
arjefm-1156	181	15	presented	present	VERB
arjefm-1156	181	16	in	in	ADP
arjefm-1156	181	17	table	table	NOUN
arjefm-1156	181	18	3	3	NUM
arjefm-1156	181	19	.	.	PUNCT
arjefm-1156	181	20	from	from	ADP
arjefm-1156	181	21	the	the	DET
arjefm-1156	181	22	result	result	NOUN
arjefm-1156	181	23	it	it	PRON
arjefm-1156	181	24	can	can	AUX
arjefm-1156	181	25	be	be	AUX
arjefm-1156	181	26	seen	see	VERB
arjefm-1156	181	27	that	that	SCONJ
arjefm-1156	181	28	the	the	DET
arjefm-1156	181	29	one	one	NUM
arjefm-1156	181	30	and	and	CCONJ
arjefm-1156	181	31	two	two	NUM
arjefm-1156	181	32	-	-	PUNCT
arjefm-1156	181	33	year	year	NOUN
arjefm-1156	181	34	lags	lag	NOUN
arjefm-1156	181	35	of	of	ADP
arjefm-1156	181	36	consumption	consumption	NOUN
arjefm-1156	181	37	expenditure	expenditure	NOUN
arjefm-1156	181	38	(	(	PUNCT
arjefm-1156	181	39	cons	con	NOUN
arjefm-1156	181	40	)	)	PUNCT
arjefm-1156	181	41	have	have	VERB
arjefm-1156	181	42	a	a	DET
arjefm-1156	181	43	positive	positive	ADJ
arjefm-1156	181	44	and	and	CCONJ
arjefm-1156	181	45	significant	significant	ADJ
arjefm-1156	181	46	impact	impact	NOUN
arjefm-1156	181	47	on	on	ADP
arjefm-1156	181	48	consumption	consumption	NOUN
arjefm-1156	181	49	expenditure	expenditure	NOUN
arjefm-1156	181	50	in	in	ADP
arjefm-1156	181	51	the	the	DET
arjefm-1156	181	52	current	current	ADJ
arjefm-1156	181	53	year	year	NOUN
arjefm-1156	181	54	.	.	PUNCT
arjefm-1156	182	1	it	it	PRON
arjefm-1156	182	2	can	can	AUX
arjefm-1156	182	3	also	also	ADV
arjefm-1156	182	4	be	be	AUX
arjefm-1156	182	5	seen	see	VERB
arjefm-1156	182	6	that	that	SCONJ
arjefm-1156	182	7	currency	currency	NOUN
arjefm-1156	182	8	substitution	substitution	NOUN
arjefm-1156	182	9	(	(	PUNCT
arjefm-1156	182	10	dl	dl	NOUN
arjefm-1156	182	11	)	)	PUNCT
arjefm-1156	182	12	and	and	CCONJ
arjefm-1156	182	13	its	its	PRON
arjefm-1156	182	14	one	one	NUM
arjefm-1156	182	15	-	-	PUNCT
arjefm-1156	182	16	year	year	NOUN
arjefm-1156	182	17	lag	lag	NOUN
arjefm-1156	182	18	have	have	VERB
arjefm-1156	182	19	a	a	DET
arjefm-1156	182	20	negative	negative	ADJ
arjefm-1156	182	21	and	and	CCONJ
arjefm-1156	182	22	statistically	statistically	ADV
arjefm-1156	182	23	significant	significant	ADJ
arjefm-1156	182	24	impact	impact	NOUN
arjefm-1156	182	25	on	on	ADP
arjefm-1156	182	26	cons	con	NOUN
arjefm-1156	182	27	,	,	PUNCT
arjefm-1156	182	28	while	while	SCONJ
arjefm-1156	182	29	the	the	DET
arjefm-1156	182	30	lag	lag	NOUN
arjefm-1156	182	31	of	of	ADP
arjefm-1156	182	32	dl	dl	PROPN
arjefm-1156	182	33	has	have	VERB
arjefm-1156	182	34	a	a	DET
arjefm-1156	182	35	positive	positive	ADJ
arjefm-1156	182	36	and	and	CCONJ
arjefm-1156	182	37	non	non	ADJ
arjefm-1156	182	38	-	-	ADJ
arjefm-1156	182	39	significant	significant	ADJ
arjefm-1156	182	40	impact	impact	NOUN
arjefm-1156	182	41	on	on	ADP
arjefm-1156	182	42	cons	con	NOUN
arjefm-1156	182	43	.	.	PUNCT
arjefm-1156	183	1	domestic	domestic	ADJ
arjefm-1156	183	2	interest	interest	NOUN
arjefm-1156	183	3	rate	rate	NOUN
arjefm-1156	183	4	(	(	PUNCT
arjefm-1156	183	5	dir	dir	NOUN
arjefm-1156	183	6	)	)	PUNCT
arjefm-1156	183	7	and	and	CCONJ
arjefm-1156	183	8	foreign	foreign	ADJ
arjefm-1156	183	9	interest	interest	NOUN
arjefm-1156	183	10	rate	rate	NOUN
arjefm-1156	183	11	(	(	PUNCT
arjefm-1156	183	12	fir	fir	NOUN
arjefm-1156	183	13	)	)	PUNCT
arjefm-1156	183	14	have	have	VERB
arjefm-1156	183	15	a	a	DET
arjefm-1156	183	16	positive	positive	ADJ
arjefm-1156	183	17	and	and	CCONJ
arjefm-1156	183	18	significant	significant	ADJ
arjefm-1156	183	19	impact	impact	NOUN
arjefm-1156	183	20	on	on	ADP
arjefm-1156	183	21	cons	con	NOUN
arjefm-1156	183	22	.	.	PUNCT
arjefm-1156	184	1	the	the	DET
arjefm-1156	184	2	lags	lag	NOUN
arjefm-1156	184	3	of	of	ADP
arjefm-1156	184	4	dir	dir	NOUN
arjefm-1156	184	5	have	have	VERB
arjefm-1156	184	6	a	a	DET
arjefm-1156	184	7	positive	positive	ADJ
arjefm-1156	184	8	and	and	CCONJ
arjefm-1156	184	9	nonamerican	nonamerican	ADJ
arjefm-1156	184	10	research	research	PROPN
arjefm-1156	184	11	journal	journal	PROPN
arjefm-1156	184	12	of	of	ADP
arjefm-1156	184	13	economics	economic	NOUN
arjefm-1156	184	14	,	,	PUNCT
arjefm-1156	184	15	finance	finance	NOUN
arjefm-1156	184	16	and	and	CCONJ
arjefm-1156	184	17	management	management	NOUN
arjefm-1156	184	18	volume	volume	NOUN
arjefm-1156	184	19	13	13	NUM
arjefm-1156	184	20	issue	issue	NOUN
arjefm-1156	184	21	1	1	NUM
arjefm-1156	184	22	,	,	PUNCT
arjefm-1156	184	23	january	january	PROPN
arjefm-1156	184	24	-	-	PUNCT
arjefm-1156	184	25	march	march	PROPN
arjefm-1156	184	26	2025	2025	NUM
arjefm-1156	184	27	issn	issn	NOUN
arjefm-1156	184	28	:	:	PUNCT
arjefm-1156	184	29	2836	2836	NUM
arjefm-1156	184	30	-	-	SYM
arjefm-1156	184	31	9416	9416	NUM
arjefm-1156	184	32	impact	impact	NOUN
arjefm-1156	184	33	factor	factor	NOUN
arjefm-1156	184	34	:	:	PUNCT
arjefm-1156	184	35	6.41	6.41	NUM
arjefm-1156	184	36	journal	journal	NOUN
arjefm-1156	184	37	homepage	homepage	NOUN
arjefm-1156	184	38	:	:	PUNCT
arjefm-1156	184	39	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	184	40	,	,	PUNCT
arjefm-1156	184	41	email	email	NOUN
arjefm-1156	184	42	:	:	PUNCT
arjefm-1156	184	43	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1156	184	44	official	official	ADJ
arjefm-1156	184	45	journal	journal	PROPN
arjefm-1156	184	46	of	of	ADP
arjefm-1156	184	47	america	america	PROPN
arjefm-1156	184	48	serial	serial	PROPN
arjefm-1156	184	49	publication	publication	NOUN
arjefm-1156	184	50	american	american	PROPN
arjefm-1156	184	51	research	research	PROPN
arjefm-1156	184	52	journal	journal	PROPN
arjefm-1156	184	53	of	of	ADP
arjefm-1156	184	54	economics	economic	NOUN
arjefm-1156	184	55	,	,	PUNCT
arjefm-1156	184	56	finance	finance	NOUN
arjefm-1156	184	57	and	and	CCONJ
arjefm-1156	184	58	management	management	NOUN
arjefm-1156	184	59	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	184	60	,	,	PUNCT
arjefm-1156	184	61	email	email	NOUN
arjefm-1156	184	62	:	:	PUNCT
arjefm-1156	185	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-1156	185	2	56	56	NUM
arjefm-1156	186	1	|	|	ADV
arjefm-1156	186	2	p	p	NOUN
arjefm-1156	186	3	a	a	DET
arjefm-1156	186	4	g	g	NOUN
arjefm-1156	186	5	e	e	NOUN
arjefm-1156	186	6	significant	significant	ADJ
arjefm-1156	186	7	impact	impact	NOUN
arjefm-1156	186	8	on	on	ADP
arjefm-1156	186	9	cons	con	NOUN
arjefm-1156	186	10	,	,	PUNCT
arjefm-1156	186	11	while	while	SCONJ
arjefm-1156	186	12	the	the	DET
arjefm-1156	186	13	lag	lag	NOUN
arjefm-1156	186	14	of	of	ADP
arjefm-1156	186	15	fir	fir	NOUN
arjefm-1156	186	16	has	have	VERB
arjefm-1156	186	17	a	a	DET
arjefm-1156	186	18	negative	negative	ADJ
arjefm-1156	186	19	and	and	CCONJ
arjefm-1156	186	20	non	non	ADJ
arjefm-1156	186	21	-	-	ADJ
arjefm-1156	186	22	significant	significant	ADJ
arjefm-1156	186	23	impact	impact	NOUN
arjefm-1156	186	24	on	on	ADP
arjefm-1156	186	25	cons	con	NOUN
arjefm-1156	186	26	.	.	PUNCT
arjefm-1156	187	1	on	on	ADP
arjefm-1156	187	2	the	the	DET
arjefm-1156	187	3	other	other	ADJ
arjefm-1156	187	4	hand	hand	NOUN
arjefm-1156	187	5	,	,	PUNCT
arjefm-1156	187	6	aggregate	aggregate	ADJ
arjefm-1156	187	7	consumption	consumption	NOUN
arjefm-1156	187	8	expenditure	expenditure	NOUN
arjefm-1156	187	9	equation	equation	NOUN
arjefm-1156	187	10	result	result	VERB
arjefm-1156	187	11	as	as	SCONJ
arjefm-1156	187	12	presented	present	VERB
arjefm-1156	187	13	in	in	ADP
arjefm-1156	187	14	table	table	NOUN
arjefm-1156	187	15	3	3	NUM
arjefm-1156	187	16	shows	show	VERB
arjefm-1156	187	17	that	that	SCONJ
arjefm-1156	187	18	dl	dl	PROPN
arjefm-1156	187	19	,	,	PUNCT
arjefm-1156	187	20	and	and	CCONJ
arjefm-1156	187	21	cpi	cpi	PROPN
arjefm-1156	187	22	has	have	VERB
arjefm-1156	187	23	a	a	DET
arjefm-1156	187	24	positive	positive	ADJ
arjefm-1156	187	25	and	and	CCONJ
arjefm-1156	187	26	statistically	statistically	ADV
arjefm-1156	187	27	significant	significant	ADJ
arjefm-1156	187	28	long	long	ADJ
arjefm-1156	187	29	-	-	PUNCT
arjefm-1156	187	30	run	run	VERB
arjefm-1156	187	31	impact	impact	NOUN
arjefm-1156	187	32	on	on	ADP
arjefm-1156	187	33	cons	con	NOUN
arjefm-1156	187	34	,	,	PUNCT
arjefm-1156	187	35	and	and	CCONJ
arjefm-1156	187	36	fir	fir	NOUN
arjefm-1156	187	37	has	have	VERB
arjefm-1156	187	38	a	a	DET
arjefm-1156	187	39	negative	negative	ADJ
arjefm-1156	187	40	and	and	CCONJ
arjefm-1156	187	41	non	non	ADJ
arjefm-1156	187	42	-	-	ADJ
arjefm-1156	187	43	significant	significant	ADJ
arjefm-1156	187	44	long	long	ADJ
arjefm-1156	187	45	-	-	PUNCT
arjefm-1156	187	46	run	run	VERB
arjefm-1156	187	47	impact	impact	NOUN
arjefm-1156	187	48	on	on	ADP
arjefm-1156	187	49	cons	con	NOUN
arjefm-1156	187	50	.	.	PUNCT
arjefm-1156	188	1	again	again	ADV
arjefm-1156	188	2	,	,	PUNCT
arjefm-1156	188	3	the	the	DET
arjefm-1156	188	4	implication	implication	NOUN
arjefm-1156	188	5	of	of	ADP
arjefm-1156	188	6	this	this	PRON
arjefm-1156	188	7	is	be	AUX
arjefm-1156	188	8	that	that	SCONJ
arjefm-1156	188	9	a	a	DET
arjefm-1156	188	10	1	1	NUM
arjefm-1156	188	11	%	%	NOUN
arjefm-1156	188	12	increase	increase	NOUN
arjefm-1156	188	13	in	in	ADP
arjefm-1156	188	14	the	the	DET
arjefm-1156	188	15	variables	variable	NOUN
arjefm-1156	188	16	will	will	AUX
arjefm-1156	188	17	lead	lead	VERB
arjefm-1156	188	18	to	to	ADP
arjefm-1156	188	19	an	an	DET
arjefm-1156	188	20	increase/(decrease	increase/(decrease	NOUN
arjefm-1156	188	21	)	)	PUNCT
arjefm-1156	188	22	in	in	ADP
arjefm-1156	188	23	aggregate	aggregate	ADJ
arjefm-1156	188	24	consumption	consumption	NOUN
arjefm-1156	188	25	expenditure	expenditure	NOUN
arjefm-1156	188	26	by	by	ADP
arjefm-1156	188	27	51.2	51.2	NUM
arjefm-1156	188	28	%	%	NOUN
arjefm-1156	188	29	,	,	PUNCT
arjefm-1156	188	30	26.1	26.1	NUM
arjefm-1156	188	31	%	%	NOUN
arjefm-1156	188	32	,	,	PUNCT
arjefm-1156	188	33	1.9	1.9	NUM
arjefm-1156	188	34	%	%	NOUN
arjefm-1156	188	35	,	,	PUNCT
arjefm-1156	188	36	(	(	PUNCT
arjefm-1156	188	37	11.1	11.1	NUM
arjefm-1156	188	38	%	%	NOUN
arjefm-1156	188	39	)	)	PUNCT
arjefm-1156	188	40	,	,	PUNCT
arjefm-1156	188	41	(	(	PUNCT
arjefm-1156	188	42	13.9	13.9	NUM
arjefm-1156	188	43	%	%	NOUN
arjefm-1156	188	44	)	)	PUNCT
arjefm-1156	188	45	,	,	PUNCT
arjefm-1156	188	46	and	and	CCONJ
arjefm-1156	188	47	6.4	6.4	NUM
arjefm-1156	188	48	%	%	NOUN
arjefm-1156	188	49	)	)	PUNCT
arjefm-1156	188	50	respectively	respectively	ADV
arjefm-1156	188	51	from	from	ADP
arjefm-1156	188	52	the	the	DET
arjefm-1156	188	53	result	result	NOUN
arjefm-1156	188	54	it	it	PRON
arjefm-1156	188	55	can	can	AUX
arjefm-1156	188	56	also	also	ADV
arjefm-1156	188	57	be	be	AUX
arjefm-1156	188	58	seen	see	VERB
arjefm-1156	188	59	that	that	SCONJ
arjefm-1156	188	60	exchange	exchange	NOUN
arjefm-1156	188	61	rate	rate	NOUN
arjefm-1156	188	62	(	(	PUNCT
arjefm-1156	188	63	exr	exr	PROPN
arjefm-1156	188	64	)	)	PUNCT
arjefm-1156	188	65	has	have	VERB
arjefm-1156	188	66	a	a	DET
arjefm-1156	188	67	negative	negative	ADJ
arjefm-1156	188	68	and	and	CCONJ
arjefm-1156	188	69	significant	significant	ADJ
arjefm-1156	188	70	impact	impact	NOUN
arjefm-1156	188	71	on	on	ADP
arjefm-1156	188	72	cons	con	NOUN
arjefm-1156	188	73	.	.	PUNCT
arjefm-1156	189	1	however	however	ADV
arjefm-1156	189	2	,	,	PUNCT
arjefm-1156	189	3	the	the	DET
arjefm-1156	189	4	lags	lag	NOUN
arjefm-1156	189	5	of	of	ADP
arjefm-1156	189	6	exr	exr	PROPN
arjefm-1156	189	7	have	have	VERB
arjefm-1156	189	8	a	a	DET
arjefm-1156	189	9	negative	negative	ADJ
arjefm-1156	189	10	and	and	CCONJ
arjefm-1156	189	11	non	non	ADJ
arjefm-1156	189	12	-	-	ADJ
arjefm-1156	189	13	significant	significant	ADJ
arjefm-1156	189	14	impact	impact	NOUN
arjefm-1156	189	15	on	on	ADP
arjefm-1156	189	16	cons	con	NOUN
arjefm-1156	189	17	.	.	PUNCT
arjefm-1156	190	1	the	the	DET
arjefm-1156	190	2	inflation	inflation	NOUN
arjefm-1156	190	3	rate	rate	NOUN
arjefm-1156	190	4	(	(	PUNCT
arjefm-1156	190	5	cpi	cpi	PROPN
arjefm-1156	190	6	)	)	PUNCT
arjefm-1156	190	7	and	and	CCONJ
arjefm-1156	190	8	its	its	PRON
arjefm-1156	190	9	lags	lag	NOUN
arjefm-1156	190	10	do	do	AUX
arjefm-1156	190	11	not	not	PART
arjefm-1156	190	12	have	have	VERB
arjefm-1156	190	13	a	a	DET
arjefm-1156	190	14	statistically	statistically	ADV
arjefm-1156	190	15	significant	significant	ADJ
arjefm-1156	190	16	impact	impact	NOUN
arjefm-1156	190	17	on	on	ADP
arjefm-1156	190	18	cons	con	NOUN
arjefm-1156	190	19	.	.	PUNCT
arjefm-1156	191	1	finally	finally	ADV
arjefm-1156	191	2	,	,	PUNCT
arjefm-1156	191	3	the	the	DET
arjefm-1156	191	4	error	error	NOUN
arjefm-1156	191	5	correction	correction	NOUN
arjefm-1156	191	6	coefficient	coefficient	NOUN
arjefm-1156	191	7	(	(	PUNCT
arjefm-1156	191	8	cointeq(-1	cointeq(-1	NOUN
arjefm-1156	191	9	)	)	PUNCT
arjefm-1156	191	10	)	)	PUNCT
arjefm-1156	191	11	is	be	AUX
arjefm-1156	191	12	negative	negative	ADJ
arjefm-1156	191	13	and	and	CCONJ
arjefm-1156	191	14	statically	statically	ADV
arjefm-1156	191	15	significant	significant	ADJ
arjefm-1156	191	16	.	.	PUNCT
arjefm-1156	192	1	this	this	PRON
arjefm-1156	192	2	satisfies	satisfy	VERB
arjefm-1156	192	3	the	the	DET
arjefm-1156	192	4	a	a	PRON
arjefm-1156	192	5	-	-	PUNCT
arjefm-1156	192	6	priori	priori	ADJ
arjefm-1156	192	7	criteria	criterion	NOUN
arjefm-1156	192	8	and	and	CCONJ
arjefm-1156	192	9	implies	imply	VERB
arjefm-1156	192	10	that	that	SCONJ
arjefm-1156	192	11	the	the	DET
arjefm-1156	192	12	model	model	NOUN
arjefm-1156	192	13	has	have	VERB
arjefm-1156	192	14	a	a	DET
arjefm-1156	192	15	rapid	rapid	ADJ
arjefm-1156	192	16	speed	speed	NOUN
arjefm-1156	192	17	of	of	ADP
arjefm-1156	192	18	adjustment	adjustment	NOUN
arjefm-1156	192	19	because	because	SCONJ
arjefm-1156	192	20	64.81	64.81	NUM
arjefm-1156	192	21	per	per	ADP
arjefm-1156	192	22	cent	cent	NOUN
arjefm-1156	192	23	of	of	ADP
arjefm-1156	192	24	the	the	DET
arjefm-1156	192	25	disequilibrium	disequilibrium	NOUN
arjefm-1156	192	26	in	in	ADP
arjefm-1156	192	27	the	the	DET
arjefm-1156	192	28	short	short	ADJ
arjefm-1156	192	29	-	-	PUNCT
arjefm-1156	192	30	run	run	NOUN
arjefm-1156	192	31	is	be	AUX
arjefm-1156	192	32	corrected	correct	VERB
arjefm-1156	192	33	in	in	ADP
arjefm-1156	192	34	the	the	DET
arjefm-1156	192	35	long	long	ADV
arjefm-1156	192	36	-	-	PUNCT
arjefm-1156	192	37	run	run	NOUN
arjefm-1156	192	38	.	.	PUNCT
arjefm-1156	193	1	the	the	DET
arjefm-1156	193	2	adjusted	adjusted	ADJ
arjefm-1156	193	3	r	r	NOUN
arjefm-1156	193	4	-	-	PUNCT
arjefm-1156	193	5	squared	square	VERB
arjefm-1156	193	6	of	of	ADP
arjefm-1156	193	7	0.98	0.98	NUM
arjefm-1156	193	8	indicates	indicate	VERB
arjefm-1156	193	9	that	that	SCONJ
arjefm-1156	193	10	about	about	ADV
arjefm-1156	193	11	98	98	NUM
arjefm-1156	193	12	percent	percent	NOUN
arjefm-1156	193	13	of	of	ADP
arjefm-1156	193	14	variation	variation	NOUN
arjefm-1156	193	15	in	in	ADP
arjefm-1156	193	16	the	the	DET
arjefm-1156	193	17	bop	bop	NOUN
arjefm-1156	193	18	is	be	AUX
arjefm-1156	193	19	explained	explain	VERB
arjefm-1156	193	20	by	by	ADP
arjefm-1156	193	21	the	the	DET
arjefm-1156	193	22	regressors	regressor	NOUN
arjefm-1156	193	23	while	while	SCONJ
arjefm-1156	193	24	only	only	ADV
arjefm-1156	193	25	2	2	NUM
arjefm-1156	193	26	percent	percent	NOUN
arjefm-1156	193	27	was	be	AUX
arjefm-1156	193	28	unexplained	unexplained	ADJ
arjefm-1156	193	29	which	which	PRON
arjefm-1156	193	30	may	may	AUX
arjefm-1156	193	31	be	be	AUX
arjefm-1156	193	32	accounted	account	VERB
arjefm-1156	193	33	for	for	ADP
arjefm-1156	193	34	by	by	ADP
arjefm-1156	193	35	other	other	ADJ
arjefm-1156	193	36	factors	factor	NOUN
arjefm-1156	193	37	not	not	PART
arjefm-1156	193	38	included	include	VERB
arjefm-1156	193	39	in	in	ADP
arjefm-1156	193	40	the	the	DET
arjefm-1156	193	41	model	model	NOUN
arjefm-1156	193	42	.	.	PUNCT
arjefm-1156	194	1	the	the	DET
arjefm-1156	194	2	f	f	NOUN
arjefm-1156	194	3	-	-	PUNCT
arjefm-1156	194	4	statistic	statistic	NOUN
arjefm-1156	194	5	of	of	ADP
arjefm-1156	194	6	about	about	ADP
arjefm-1156	194	7	65.16	65.16	NUM
arjefm-1156	194	8	shows	show	VERB
arjefm-1156	194	9	that	that	SCONJ
arjefm-1156	194	10	all	all	DET
arjefm-1156	194	11	the	the	DET
arjefm-1156	194	12	variables	variable	NOUN
arjefm-1156	194	13	in	in	ADP
arjefm-1156	194	14	the	the	DET
arjefm-1156	194	15	model	model	NOUN
arjefm-1156	194	16	are	be	AUX
arjefm-1156	194	17	together	together	ADV
arjefm-1156	194	18	as	as	SCONJ
arjefm-1156	194	19	a	a	DET
arjefm-1156	194	20	group	group	NOUN
arjefm-1156	194	21	statistically	statistically	ADV
arjefm-1156	194	22	significant	significant	ADJ
arjefm-1156	194	23	.	.	PUNCT
arjefm-1156	195	1	this	this	PRON
arjefm-1156	195	2	means	mean	VERB
arjefm-1156	195	3	that	that	SCONJ
arjefm-1156	195	4	the	the	DET
arjefm-1156	195	5	model	model	NOUN
arjefm-1156	195	6	has	have	VERB
arjefm-1156	195	7	a	a	DET
arjefm-1156	195	8	good	good	ADJ
arjefm-1156	195	9	fit	fit	NOUN
arjefm-1156	195	10	.	.	PUNCT
arjefm-1156	196	1	durbin	durbin	ADJ
arjefm-1156	196	2	-	-	PUNCT
arjefm-1156	196	3	watson	watson	NOUN
arjefm-1156	196	4	(	(	PUNCT
arjefm-1156	196	5	d	d	PROPN
arjefm-1156	196	6	-	-	PUNCT
arjefm-1156	196	7	w	w	NOUN
arjefm-1156	196	8	)	)	PUNCT
arjefm-1156	196	9	statistic	statistic	NOUN
arjefm-1156	196	10	of	of	ADP
arjefm-1156	196	11	2.598	2.598	NUM
arjefm-1156	196	12	indicates	indicate	VERB
arjefm-1156	196	13	no	no	DET
arjefm-1156	196	14	autocorrelation	autocorrelation	NOUN
arjefm-1156	196	15	in	in	ADP
arjefm-1156	196	16	the	the	DET
arjefm-1156	196	17	model	model	NOUN
arjefm-1156	196	18	.	.	PUNCT
arjefm-1156	197	1	therefore	therefore	ADV
arjefm-1156	197	2	,	,	PUNCT
arjefm-1156	197	3	the	the	DET
arjefm-1156	197	4	results	result	NOUN
arjefm-1156	197	5	can	can	AUX
arjefm-1156	197	6	be	be	AUX
arjefm-1156	197	7	used	use	VERB
arjefm-1156	197	8	for	for	ADP
arjefm-1156	197	9	economic	economic	ADJ
arjefm-1156	197	10	forecast	forecast	NOUN
arjefm-1156	197	11	and	and	CCONJ
arjefm-1156	197	12	economic	economic	ADJ
arjefm-1156	197	13	policy	policy	NOUN
arjefm-1156	197	14	.	.	PUNCT
arjefm-1156	198	1	4	4	X
arjefm-1156	198	2	.	.	X
arjefm-1156	198	3	discussion	discussion	NOUN
arjefm-1156	198	4	of	of	ADP
arjefm-1156	198	5	findings	finding	NOUN
arjefm-1156	198	6	the	the	DET
arjefm-1156	198	7	result	result	NOUN
arjefm-1156	198	8	of	of	ADP
arjefm-1156	198	9	this	this	DET
arjefm-1156	198	10	study	study	NOUN
arjefm-1156	198	11	showed	show	VERB
arjefm-1156	198	12	that	that	SCONJ
arjefm-1156	198	13	the	the	DET
arjefm-1156	198	14	coefficient	coefficient	NOUN
arjefm-1156	198	15	of	of	ADP
arjefm-1156	198	16	dollarization	dollarization	NOUN
arjefm-1156	198	17	is	be	AUX
arjefm-1156	198	18	found	find	VERB
arjefm-1156	198	19	to	to	PART
arjefm-1156	198	20	be	be	AUX
arjefm-1156	198	21	negatively	negatively	ADV
arjefm-1156	198	22	related	relate	VERB
arjefm-1156	198	23	to	to	ADP
arjefm-1156	198	24	balance	balance	NOUN
arjefm-1156	198	25	of	of	ADP
arjefm-1156	198	26	payment	payment	NOUN
arjefm-1156	198	27	.	.	PUNCT
arjefm-1156	199	1	this	this	PRON
arjefm-1156	199	2	suggest	suggest	VERB
arjefm-1156	199	3	that	that	SCONJ
arjefm-1156	199	4	dollarization	dollarization	NOUN
arjefm-1156	199	5	impacts	impact	NOUN
arjefm-1156	199	6	adversely	adversely	ADV
arjefm-1156	199	7	on	on	ADP
arjefm-1156	199	8	nigeria	nigeria	PROPN
arjefm-1156	199	9	’s	’s	PART
arjefm-1156	199	10	balance	balance	NOUN
arjefm-1156	199	11	of	of	ADP
arjefm-1156	199	12	payment	payment	NOUN
arjefm-1156	199	13	position	position	NOUN
arjefm-1156	199	14	.	.	PUNCT
arjefm-1156	200	1	this	this	PRON
arjefm-1156	200	2	could	could	AUX
arjefm-1156	200	3	be	be	AUX
arjefm-1156	200	4	attributed	attribute	VERB
arjefm-1156	200	5	to	to	ADP
arjefm-1156	200	6	decrease	decrease	NOUN
arjefm-1156	200	7	in	in	ADP
arjefm-1156	200	8	the	the	DET
arjefm-1156	200	9	wealth	wealth	NOUN
arjefm-1156	200	10	of	of	ADP
arjefm-1156	200	11	residents	resident	NOUN
arjefm-1156	200	12	holding	hold	VERB
arjefm-1156	200	13	foreign	foreign	ADJ
arjefm-1156	200	14	currency	currency	NOUN
arjefm-1156	200	15	denominated	denominate	VERB
arjefm-1156	200	16	deposit	deposit	NOUN
arjefm-1156	200	17	in	in	ADP
arjefm-1156	200	18	the	the	DET
arjefm-1156	200	19	presence	presence	NOUN
arjefm-1156	200	20	of	of	ADP
arjefm-1156	200	21	the	the	DET
arjefm-1156	200	22	depreciation	depreciation	NOUN
arjefm-1156	200	23	of	of	ADP
arjefm-1156	200	24	domestic	domestic	ADJ
arjefm-1156	200	25	currency	currency	NOUN
arjefm-1156	200	26	,	,	PUNCT
arjefm-1156	200	27	thereby	thereby	ADV
arjefm-1156	200	28	,	,	PUNCT
arjefm-1156	200	29	resulting	result	VERB
arjefm-1156	200	30	to	to	ADP
arjefm-1156	200	31	a	a	DET
arjefm-1156	200	32	more	more	ADV
arjefm-1156	200	33	stable	stable	ADJ
arjefm-1156	200	34	capital	capital	NOUN
arjefm-1156	200	35	market	market	NOUN
arjefm-1156	200	36	that	that	PRON
arjefm-1156	200	37	put	put	VERB
arjefm-1156	200	38	to	to	ADP
arjefm-1156	200	39	an	an	DET
arjefm-1156	200	40	end	end	NOUN
arjefm-1156	200	41	sudden	sudden	ADJ
arjefm-1156	200	42	capital	capital	NOUN
arjefm-1156	200	43	outflows	outflow	NOUN
arjefm-1156	200	44	,	,	PUNCT
arjefm-1156	200	45	and	and	CCONJ
arjefm-1156	200	46	a	a	DET
arjefm-1156	200	47	balance	balance	NOUN
arjefm-1156	200	48	of	of	ADP
arjefm-1156	200	49	payment	payment	NOUN
arjefm-1156	200	50	that	that	PRON
arjefm-1156	200	51	is	be	AUX
arjefm-1156	200	52	less	less	ADV
arjefm-1156	200	53	prone	prone	ADJ
arjefm-1156	200	54	to	to	ADP
arjefm-1156	200	55	crises	crisis	NOUN
arjefm-1156	200	56	.	.	PUNCT
arjefm-1156	201	1	american	american	PROPN
arjefm-1156	201	2	research	research	PROPN
arjefm-1156	201	3	journal	journal	PROPN
arjefm-1156	201	4	of	of	ADP
arjefm-1156	201	5	economics	economic	NOUN
arjefm-1156	201	6	,	,	PUNCT
arjefm-1156	201	7	finance	finance	NOUN
arjefm-1156	201	8	and	and	CCONJ
arjefm-1156	201	9	management	management	NOUN
arjefm-1156	201	10	volume	volume	NOUN
arjefm-1156	201	11	13	13	NUM
arjefm-1156	201	12	issue	issue	NOUN
arjefm-1156	201	13	1	1	NUM
arjefm-1156	201	14	,	,	PUNCT
arjefm-1156	201	15	january	january	PROPN
arjefm-1156	201	16	-	-	PUNCT
arjefm-1156	201	17	march	march	PROPN
arjefm-1156	201	18	2025	2025	NUM
arjefm-1156	201	19	issn	issn	NOUN
arjefm-1156	201	20	:	:	PUNCT
arjefm-1156	201	21	2836	2836	NUM
arjefm-1156	201	22	-	-	SYM
arjefm-1156	201	23	9416	9416	NUM
arjefm-1156	201	24	impact	impact	NOUN
arjefm-1156	201	25	factor	factor	NOUN
arjefm-1156	201	26	:	:	PUNCT
arjefm-1156	201	27	6.41	6.41	NUM
arjefm-1156	201	28	journal	journal	NOUN
arjefm-1156	201	29	homepage	homepage	NOUN
arjefm-1156	201	30	:	:	PUNCT
arjefm-1156	201	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	201	32	,	,	PUNCT
arjefm-1156	201	33	email	email	NOUN
arjefm-1156	201	34	:	:	PUNCT
arjefm-1156	201	35	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1156	201	36	official	official	ADJ
arjefm-1156	201	37	journal	journal	PROPN
arjefm-1156	201	38	of	of	ADP
arjefm-1156	201	39	america	america	PROPN
arjefm-1156	201	40	serial	serial	PROPN
arjefm-1156	201	41	publication	publication	NOUN
arjefm-1156	201	42	american	american	PROPN
arjefm-1156	201	43	research	research	PROPN
arjefm-1156	201	44	journal	journal	PROPN
arjefm-1156	201	45	of	of	ADP
arjefm-1156	201	46	economics	economic	NOUN
arjefm-1156	201	47	,	,	PUNCT
arjefm-1156	201	48	finance	finance	NOUN
arjefm-1156	201	49	and	and	CCONJ
arjefm-1156	201	50	management	management	NOUN
arjefm-1156	201	51	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	201	52	,	,	PUNCT
arjefm-1156	201	53	email	email	NOUN
arjefm-1156	201	54	:	:	PUNCT
arjefm-1156	201	55	contact@americaserial.com	contact@americaserial.com	X
arjefm-1156	202	1	57	57	NUM
arjefm-1156	203	1	|	|	ADV
arjefm-1156	203	2	p	p	NOUN
arjefm-1156	203	3	a	a	DET
arjefm-1156	203	4	g	g	NOUN
arjefm-1156	203	5	e	e	NOUN
arjefm-1156	203	6	exchange	exchange	NOUN
arjefm-1156	203	7	rate	rate	NOUN
arjefm-1156	203	8	was	be	AUX
arjefm-1156	203	9	found	find	VERB
arjefm-1156	203	10	to	to	PART
arjefm-1156	203	11	be	be	AUX
arjefm-1156	203	12	negatively	negatively	ADV
arjefm-1156	203	13	related	relate	VERB
arjefm-1156	203	14	to	to	ADP
arjefm-1156	203	15	balance	balance	NOUN
arjefm-1156	203	16	of	of	ADP
arjefm-1156	203	17	payment	payment	NOUN
arjefm-1156	203	18	,	,	PUNCT
arjefm-1156	203	19	and	and	CCONJ
arjefm-1156	203	20	consumption	consumption	NOUN
arjefm-1156	203	21	expenditure	expenditure	NOUN
arjefm-1156	203	22	.	.	PUNCT
arjefm-1156	204	1	this	this	PRON
arjefm-1156	204	2	shows	show	VERB
arjefm-1156	204	3	that	that	SCONJ
arjefm-1156	204	4	,	,	PUNCT
arjefm-1156	204	5	there	there	PRON
arjefm-1156	204	6	is	be	VERB
arjefm-1156	204	7	a	a	DET
arjefm-1156	204	8	negative	negative	ADJ
arjefm-1156	204	9	relationship	relationship	NOUN
arjefm-1156	204	10	between	between	ADP
arjefm-1156	204	11	exchange	exchange	NOUN
arjefm-1156	204	12	rate	rate	NOUN
arjefm-1156	204	13	and	and	CCONJ
arjefm-1156	204	14	the	the	DET
arjefm-1156	204	15	dependent	dependent	ADJ
arjefm-1156	204	16	variables	variable	NOUN
arjefm-1156	204	17	,	,	PUNCT
arjefm-1156	204	18	indicating	indicate	VERB
arjefm-1156	204	19	that	that	SCONJ
arjefm-1156	204	20	higher	high	ADJ
arjefm-1156	204	21	exchange	exchange	NOUN
arjefm-1156	204	22	rate	rate	NOUN
arjefm-1156	204	23	worsens	worsen	VERB
arjefm-1156	204	24	the	the	DET
arjefm-1156	204	25	balances	balance	NOUN
arjefm-1156	204	26	of	of	ADP
arjefm-1156	204	27	payment	payment	NOUN
arjefm-1156	204	28	position	position	NOUN
arjefm-1156	204	29	as	as	ADV
arjefm-1156	204	30	well	well	ADV
arjefm-1156	204	31	as	as	ADP
arjefm-1156	204	32	consumption	consumption	NOUN
arjefm-1156	204	33	expenditures	expenditure	NOUN
arjefm-1156	204	34	.	.	PUNCT
arjefm-1156	205	1	investors	investor	NOUN
arjefm-1156	205	2	in	in	ADP
arjefm-1156	205	3	foreign	foreign	ADJ
arjefm-1156	205	4	securities	security	NOUN
arjefm-1156	205	5	or	or	CCONJ
arjefm-1156	205	6	other	other	ADJ
arjefm-1156	205	7	assets	asset	NOUN
arjefm-1156	205	8	take	take	VERB
arjefm-1156	205	9	into	into	ADP
arjefm-1156	205	10	consideration	consideration	NOUN
arjefm-1156	205	11	the	the	DET
arjefm-1156	205	12	likely	likely	ADJ
arjefm-1156	205	13	movement	movement	NOUN
arjefm-1156	205	14	in	in	ADP
arjefm-1156	205	15	exchange	exchange	NOUN
arjefm-1156	205	16	rate	rate	NOUN
arjefm-1156	205	17	with	with	ADP
arjefm-1156	205	18	the	the	DET
arjefm-1156	205	19	currency	currency	NOUN
arjefm-1156	205	20	of	of	ADP
arjefm-1156	205	21	the	the	DET
arjefm-1156	205	22	target	target	NOUN
arjefm-1156	205	23	country	country	NOUN
arjefm-1156	205	24	and	and	CCONJ
arjefm-1156	205	25	weigh	weigh	VERB
arjefm-1156	205	26	the	the	DET
arjefm-1156	205	27	country	country	NOUN
arjefm-1156	205	28	risk	risk	VERB
arjefm-1156	205	29	together	together	ADV
arjefm-1156	205	30	with	with	ADP
arjefm-1156	205	31	the	the	DET
arjefm-1156	205	32	other	other	ADJ
arjefm-1156	205	33	risk	risk	NOUN
arjefm-1156	205	34	of	of	ADP
arjefm-1156	205	35	investing	investing	NOUN
arjefm-1156	205	36	.	.	PUNCT
arjefm-1156	206	1	thus	thus	ADV
arjefm-1156	206	2	,	,	PUNCT
arjefm-1156	206	3	this	this	DET
arjefm-1156	206	4	fluctuation	fluctuation	NOUN
arjefm-1156	206	5	affects	affect	VERB
arjefm-1156	206	6	the	the	DET
arjefm-1156	206	7	value	value	NOUN
arjefm-1156	206	8	of	of	ADP
arjefm-1156	206	9	investments	investment	NOUN
arjefm-1156	206	10	made	make	VERB
arjefm-1156	206	11	in	in	ADP
arjefm-1156	206	12	a	a	DET
arjefm-1156	206	13	foreign	foreign	ADJ
arjefm-1156	206	14	country	country	NOUN
arjefm-1156	206	15	.	.	PUNCT
arjefm-1156	207	1	the	the	DET
arjefm-1156	207	2	coefficient	coefficient	NOUN
arjefm-1156	207	3	of	of	ADP
arjefm-1156	207	4	consumer	consumer	NOUN
arjefm-1156	207	5	price	price	NOUN
arjefm-1156	207	6	index	index	NOUN
arjefm-1156	207	7	(	(	PUNCT
arjefm-1156	207	8	cpi	cpi	PROPN
arjefm-1156	207	9	)	)	PUNCT
arjefm-1156	207	10	,	,	PUNCT
arjefm-1156	207	11	a	a	DET
arjefm-1156	207	12	measure	measure	NOUN
arjefm-1156	207	13	for	for	ADP
arjefm-1156	207	14	inflation	inflation	NOUN
arjefm-1156	207	15	was	be	AUX
arjefm-1156	207	16	found	find	VERB
arjefm-1156	207	17	to	to	PART
arjefm-1156	207	18	be	be	AUX
arjefm-1156	207	19	positively	positively	ADV
arjefm-1156	207	20	related	relate	VERB
arjefm-1156	207	21	to	to	ADP
arjefm-1156	207	22	balance	balance	NOUN
arjefm-1156	207	23	of	of	ADP
arjefm-1156	207	24	payment	payment	NOUN
arjefm-1156	207	25	,	,	PUNCT
arjefm-1156	207	26	and	and	CCONJ
arjefm-1156	207	27	consumption	consumption	NOUN
arjefm-1156	207	28	in	in	ADP
arjefm-1156	207	29	this	this	DET
arjefm-1156	207	30	study	study	NOUN
arjefm-1156	207	31	.	.	PUNCT
arjefm-1156	208	1	it	it	PRON
arjefm-1156	208	2	was	be	AUX
arjefm-1156	208	3	discovered	discover	VERB
arjefm-1156	208	4	that	that	SCONJ
arjefm-1156	208	5	,	,	PUNCT
arjefm-1156	208	6	on	on	ADP
arjefm-1156	208	7	the	the	DET
arjefm-1156	208	8	balance	balance	NOUN
arjefm-1156	208	9	of	of	ADP
arjefm-1156	208	10	payment	payment	NOUN
arjefm-1156	208	11	equation	equation	NOUN
arjefm-1156	208	12	,	,	PUNCT
arjefm-1156	208	13	it	it	PRON
arjefm-1156	208	14	was	be	AUX
arjefm-1156	208	15	statistically	statistically	ADV
arjefm-1156	208	16	significant	significant	ADJ
arjefm-1156	208	17	and	and	CCONJ
arjefm-1156	208	18	statistically	statistically	ADV
arjefm-1156	208	19	insignificant	insignificant	ADJ
arjefm-1156	208	20	in	in	ADP
arjefm-1156	208	21	the	the	DET
arjefm-1156	208	22	consumption	consumption	NOUN
arjefm-1156	208	23	equation	equation	NOUN
arjefm-1156	208	24	.	.	PUNCT
arjefm-1156	209	1	a	a	DET
arjefm-1156	209	2	high	high	ADJ
arjefm-1156	209	3	inflation	inflation	NOUN
arjefm-1156	209	4	rate	rate	NOUN
arjefm-1156	209	5	destabilizes	destabilize	VERB
arjefm-1156	209	6	price	price	NOUN
arjefm-1156	209	7	levels	level	NOUN
arjefm-1156	209	8	,	,	PUNCT
arjefm-1156	209	9	making	make	VERB
arjefm-1156	209	10	it	it	PRON
arjefm-1156	209	11	far	far	ADV
arjefm-1156	209	12	more	more	ADV
arjefm-1156	209	13	difficult	difficult	ADJ
arjefm-1156	209	14	for	for	SCONJ
arjefm-1156	209	15	investors	investor	NOUN
arjefm-1156	209	16	to	to	PART
arjefm-1156	209	17	accurately	accurately	ADV
arjefm-1156	209	18	predict	predict	VERB
arjefm-1156	209	19	future	future	ADJ
arjefm-1156	209	20	market	market	NOUN
arjefm-1156	209	21	behaviour	behaviour	NOUN
arjefm-1156	209	22	.	.	PUNCT
arjefm-1156	210	1	according	accord	VERB
arjefm-1156	210	2	to	to	ADP
arjefm-1156	210	3	the	the	DET
arjefm-1156	210	4	result	result	NOUN
arjefm-1156	210	5	,	,	PUNCT
arjefm-1156	210	6	foreign	foreign	ADJ
arjefm-1156	210	7	interest	interest	NOUN
arjefm-1156	210	8	rate	rate	NOUN
arjefm-1156	210	9	(	(	PUNCT
arjefm-1156	210	10	fir	fir	NOUN
arjefm-1156	210	11	)	)	PUNCT
arjefm-1156	210	12	has	have	AUX
arjefm-1156	210	13	significantly	significantly	ADV
arjefm-1156	210	14	impacted	impact	VERB
arjefm-1156	210	15	on	on	ADP
arjefm-1156	210	16	balance	balance	NOUN
arjefm-1156	210	17	of	of	ADP
arjefm-1156	210	18	payments	payment	NOUN
arjefm-1156	210	19	and	and	CCONJ
arjefm-1156	210	20	consumption	consumption	NOUN
arjefm-1156	210	21	expenditure	expenditure	NOUN
arjefm-1156	210	22	.	.	PUNCT
arjefm-1156	211	1	the	the	DET
arjefm-1156	211	2	coefficient	coefficient	NOUN
arjefm-1156	211	3	of	of	ADP
arjefm-1156	211	4	fir	fir	NOUN
arjefm-1156	211	5	is	be	AUX
arjefm-1156	211	6	negatively	negatively	ADV
arjefm-1156	211	7	related	relate	VERB
arjefm-1156	211	8	to	to	ADP
arjefm-1156	211	9	balance	balance	NOUN
arjefm-1156	211	10	of	of	ADP
arjefm-1156	211	11	payment	payment	NOUN
arjefm-1156	211	12	,	,	PUNCT
arjefm-1156	211	13	and	and	CCONJ
arjefm-1156	211	14	positively	positively	ADV
arjefm-1156	211	15	related	relate	VERB
arjefm-1156	211	16	to	to	ADP
arjefm-1156	211	17	consumption	consumption	NOUN
arjefm-1156	211	18	.	.	PUNCT
arjefm-1156	212	1	the	the	DET
arjefm-1156	212	2	positive	positive	ADJ
arjefm-1156	212	3	sign	sign	NOUN
arjefm-1156	212	4	of	of	ADP
arjefm-1156	212	5	foreign	foreign	ADJ
arjefm-1156	212	6	rate	rate	NOUN
arjefm-1156	212	7	of	of	ADP
arjefm-1156	212	8	interest	interest	NOUN
arjefm-1156	212	9	suggest	suggest	VERB
arjefm-1156	212	10	that	that	SCONJ
arjefm-1156	212	11	economic	economic	ADJ
arjefm-1156	212	12	agents	agent	NOUN
arjefm-1156	212	13	tend	tend	VERB
arjefm-1156	212	14	to	to	PART
arjefm-1156	212	15	demand	demand	VERB
arjefm-1156	212	16	for	for	ADP
arjefm-1156	212	17	domestic	domestic	ADJ
arjefm-1156	212	18	currency	currency	NOUN
arjefm-1156	212	19	in	in	ADP
arjefm-1156	212	20	order	order	NOUN
arjefm-1156	212	21	to	to	PART
arjefm-1156	212	22	increase	increase	VERB
arjefm-1156	212	23	their	their	PRON
arjefm-1156	212	24	foreign	foreign	ADJ
arjefm-1156	212	25	currency	currency	NOUN
arjefm-1156	212	26	assets	asset	NOUN
arjefm-1156	212	27	denomination	denomination	NOUN
arjefm-1156	212	28	.	.	PUNCT
arjefm-1156	213	1	finally	finally	ADV
arjefm-1156	213	2	,	,	PUNCT
arjefm-1156	213	3	the	the	DET
arjefm-1156	213	4	domestic	domestic	ADJ
arjefm-1156	213	5	interest	interest	NOUN
arjefm-1156	213	6	rate	rate	NOUN
arjefm-1156	213	7	(	(	PUNCT
arjefm-1156	213	8	dir	dir	NOUN
arjefm-1156	213	9	)	)	PUNCT
arjefm-1156	213	10	coefficient	coefficient	NOUN
arjefm-1156	213	11	shows	show	VERB
arjefm-1156	213	12	that	that	SCONJ
arjefm-1156	213	13	it	it	PRON
arjefm-1156	213	14	is	be	AUX
arjefm-1156	213	15	negatively	negatively	ADV
arjefm-1156	213	16	related	relate	VERB
arjefm-1156	213	17	to	to	ADP
arjefm-1156	213	18	balance	balance	NOUN
arjefm-1156	213	19	of	of	ADP
arjefm-1156	213	20	payment	payment	NOUN
arjefm-1156	213	21	.	.	PUNCT
arjefm-1156	214	1	the	the	DET
arjefm-1156	214	2	ardl	ardl	NOUN
arjefm-1156	214	3	coefficients	coefficient	NOUN
arjefm-1156	214	4	meet	meet	VERB
arjefm-1156	214	5	the	the	DET
arjefm-1156	214	6	three	three	NUM
arjefm-1156	214	7	criteria	criterion	NOUN
arjefm-1156	214	8	for	for	ADP
arjefm-1156	214	9	its	its	PRON
arjefm-1156	214	10	acceptability	acceptability	NOUN
arjefm-1156	214	11	given	give	VERB
arjefm-1156	214	12	that	that	SCONJ
arjefm-1156	214	13	it	it	PRON
arjefm-1156	214	14	is	be	AUX
arjefm-1156	214	15	negative	negative	ADJ
arjefm-1156	214	16	,	,	PUNCT
arjefm-1156	214	17	fractional	fractional	ADJ
arjefm-1156	214	18	and	and	CCONJ
arjefm-1156	214	19	statistically	statistically	ADV
arjefm-1156	214	20	significant	significant	ADJ
arjefm-1156	214	21	.	.	PUNCT
arjefm-1156	215	1	consequently	consequently	ADV
arjefm-1156	215	2	,	,	PUNCT
arjefm-1156	215	3	the	the	DET
arjefm-1156	215	4	estimated	estimate	VERB
arjefm-1156	215	5	result	result	NOUN
arjefm-1156	215	6	confirms	confirm	VERB
arjefm-1156	215	7	the	the	DET
arjefm-1156	215	8	presence	presence	NOUN
arjefm-1156	215	9	of	of	ADP
arjefm-1156	215	10	relationship	relationship	NOUN
arjefm-1156	215	11	among	among	ADP
arjefm-1156	215	12	the	the	DET
arjefm-1156	215	13	variables	variable	NOUN
arjefm-1156	215	14	in	in	ADP
arjefm-1156	215	15	the	the	DET
arjefm-1156	215	16	models	model	NOUN
arjefm-1156	215	17	.	.	PUNCT
arjefm-1156	216	1	it	it	PRON
arjefm-1156	216	2	also	also	ADV
arjefm-1156	216	3	shows	show	VERB
arjefm-1156	216	4	that	that	SCONJ
arjefm-1156	216	5	the	the	DET
arjefm-1156	216	6	speed	speed	NOUN
arjefm-1156	216	7	of	of	ADP
arjefm-1156	216	8	adjustments	adjustment	NOUN
arjefm-1156	216	9	is	be	AUX
arjefm-1156	216	10	high	high	ADJ
arjefm-1156	216	11	in	in	ADP
arjefm-1156	216	12	all	all	DET
arjefm-1156	216	13	the	the	DET
arjefm-1156	216	14	estimated	estimate	VERB
arjefm-1156	216	15	models	model	NOUN
arjefm-1156	216	16	.	.	PUNCT
arjefm-1156	217	1	the	the	DET
arjefm-1156	217	2	values	value	NOUN
arjefm-1156	217	3	of	of	ADP
arjefm-1156	217	4	the	the	DET
arjefm-1156	217	5	adjusted	adjust	VERB
arjefm-1156	217	6	r	r	NOUN
arjefm-1156	217	7	-	-	PUNCT
arjefm-1156	217	8	squared	squared	ADJ
arjefm-1156	217	9	implies	imply	VERB
arjefm-1156	217	10	that	that	SCONJ
arjefm-1156	217	11	the	the	DET
arjefm-1156	217	12	models	model	NOUN
arjefm-1156	217	13	have	have	VERB
arjefm-1156	217	14	good	good	ADJ
arjefm-1156	217	15	fit	fit	NOUN
arjefm-1156	217	16	as	as	SCONJ
arjefm-1156	217	17	the	the	DET
arjefm-1156	217	18	independent	independent	ADJ
arjefm-1156	217	19	variables	variable	NOUN
arjefm-1156	217	20	have	have	VERB
arjefm-1156	217	21	high	high	ADJ
arjefm-1156	217	22	explanatory	explanatory	ADJ
arjefm-1156	217	23	power	power	NOUN
arjefm-1156	217	24	.	.	PUNCT
arjefm-1156	218	1	the	the	DET
arjefm-1156	218	2	durbin	durbin	PROPN
arjefm-1156	218	3	-	-	PUNCT
arjefm-1156	218	4	watson	watson	PROPN
arjefm-1156	218	5	statistic	statistic	NOUN
arjefm-1156	218	6	connotes	connote	VERB
arjefm-1156	218	7	absence	absence	NOUN
arjefm-1156	218	8	of	of	ADP
arjefm-1156	218	9	autocorrelation	autocorrelation	NOUN
arjefm-1156	218	10	in	in	ADP
arjefm-1156	218	11	the	the	DET
arjefm-1156	218	12	estimated	estimate	VERB
arjefm-1156	218	13	equations	equation	NOUN
arjefm-1156	218	14	.	.	PUNCT
arjefm-1156	219	1	5	5	X
arjefm-1156	219	2	.	.	X
arjefm-1156	219	3	summary	summary	NOUN
arjefm-1156	219	4	and	and	CCONJ
arjefm-1156	219	5	recommendations	recommendation	NOUN
arjefm-1156	219	6	5.1	5.1	NUM
arjefm-1156	219	7	summary	summary	NOUN
arjefm-1156	219	8	american	american	PROPN
arjefm-1156	219	9	research	research	PROPN
arjefm-1156	219	10	journal	journal	PROPN
arjefm-1156	219	11	of	of	ADP
arjefm-1156	219	12	economics	economic	NOUN
arjefm-1156	219	13	,	,	PUNCT
arjefm-1156	219	14	finance	finance	NOUN
arjefm-1156	219	15	and	and	CCONJ
arjefm-1156	219	16	management	management	NOUN
arjefm-1156	219	17	volume	volume	NOUN
arjefm-1156	219	18	13	13	NUM
arjefm-1156	219	19	issue	issue	NOUN
arjefm-1156	219	20	1	1	NUM
arjefm-1156	219	21	,	,	PUNCT
arjefm-1156	219	22	january	january	PROPN
arjefm-1156	219	23	-	-	PUNCT
arjefm-1156	219	24	march	march	PROPN
arjefm-1156	219	25	2025	2025	NUM
arjefm-1156	219	26	issn	issn	NOUN
arjefm-1156	219	27	:	:	PUNCT
arjefm-1156	219	28	2836	2836	NUM
arjefm-1156	219	29	-	-	SYM
arjefm-1156	219	30	9416	9416	NUM
arjefm-1156	219	31	impact	impact	NOUN
arjefm-1156	219	32	factor	factor	NOUN
arjefm-1156	219	33	:	:	PUNCT
arjefm-1156	219	34	6.41	6.41	NUM
arjefm-1156	219	35	journal	journal	NOUN
arjefm-1156	219	36	homepage	homepage	NOUN
arjefm-1156	219	37	:	:	PUNCT
arjefm-1156	219	38	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	219	39	,	,	PUNCT
arjefm-1156	219	40	email	email	NOUN
arjefm-1156	219	41	:	:	PUNCT
arjefm-1156	219	42	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1156	219	43	official	official	ADJ
arjefm-1156	219	44	journal	journal	PROPN
arjefm-1156	219	45	of	of	ADP
arjefm-1156	219	46	america	america	PROPN
arjefm-1156	219	47	serial	serial	PROPN
arjefm-1156	219	48	publication	publication	NOUN
arjefm-1156	219	49	american	american	PROPN
arjefm-1156	219	50	research	research	PROPN
arjefm-1156	219	51	journal	journal	PROPN
arjefm-1156	219	52	of	of	ADP
arjefm-1156	219	53	economics	economic	NOUN
arjefm-1156	219	54	,	,	PUNCT
arjefm-1156	219	55	finance	finance	NOUN
arjefm-1156	219	56	and	and	CCONJ
arjefm-1156	219	57	management	management	NOUN
arjefm-1156	219	58	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	219	59	,	,	PUNCT
arjefm-1156	219	60	email	email	NOUN
arjefm-1156	219	61	:	:	PUNCT
arjefm-1156	219	62	contact@americaserial.com	contact@americaserial.com	X
arjefm-1156	220	1	58	58	NUM
arjefm-1156	221	1	|	|	ADV
arjefm-1156	221	2	p	p	X
arjefm-1156	221	3	a	a	DET
arjefm-1156	221	4	g	g	NOUN
arjefm-1156	221	5	e	e	NOUN
arjefm-1156	221	6	the	the	DET
arjefm-1156	221	7	study	study	NOUN
arjefm-1156	221	8	examined	examine	VERB
arjefm-1156	221	9	the	the	DET
arjefm-1156	221	10	impact	impact	NOUN
arjefm-1156	221	11	of	of	ADP
arjefm-1156	221	12	dollarization	dollarization	NOUN
arjefm-1156	221	13	on	on	ADP
arjefm-1156	221	14	bop	bop	NOUN
arjefm-1156	221	15	and	and	CCONJ
arjefm-1156	221	16	consumption	consumption	NOUN
arjefm-1156	221	17	expenditures	expenditure	NOUN
arjefm-1156	221	18	in	in	ADP
arjefm-1156	221	19	nigeria	nigeria	PROPN
arjefm-1156	221	20	from	from	ADP
arjefm-1156	221	21	1981	1981	NUM
arjefm-1156	221	22	-	-	SYM
arjefm-1156	221	23	2025	2025	NUM
arjefm-1156	221	24	.	.	PUNCT
arjefm-1156	222	1	it	it	PRON
arjefm-1156	222	2	adopts	adopt	VERB
arjefm-1156	222	3	the	the	DET
arjefm-1156	222	4	autoregressive	autoregressive	ADJ
arjefm-1156	222	5	distributive	distributive	ADJ
arjefm-1156	222	6	lag	lag	NOUN
arjefm-1156	222	7	in	in	ADP
arjefm-1156	222	8	analyzing	analyze	VERB
arjefm-1156	222	9	the	the	DET
arjefm-1156	222	10	models	model	NOUN
arjefm-1156	222	11	.	.	PUNCT
arjefm-1156	223	1	in	in	ADP
arjefm-1156	223	2	addition	addition	NOUN
arjefm-1156	223	3	,	,	PUNCT
arjefm-1156	223	4	the	the	DET
arjefm-1156	223	5	study	study	NOUN
arjefm-1156	223	6	reveals	reveal	VERB
arjefm-1156	223	7	both	both	CCONJ
arjefm-1156	223	8	positive	positive	ADJ
arjefm-1156	223	9	and	and	CCONJ
arjefm-1156	223	10	negative	negative	ADJ
arjefm-1156	223	11	relationship	relationship	NOUN
arjefm-1156	223	12	between	between	ADP
arjefm-1156	223	13	dollarization	dollarization	NOUN
arjefm-1156	223	14	,	,	PUNCT
arjefm-1156	223	15	domestic	domestic	ADJ
arjefm-1156	223	16	interest	interest	NOUN
arjefm-1156	223	17	rate	rate	NOUN
arjefm-1156	223	18	,	,	PUNCT
arjefm-1156	223	19	exchange	exchange	NOUN
arjefm-1156	223	20	rate	rate	NOUN
arjefm-1156	223	21	,	,	PUNCT
arjefm-1156	223	22	foreign	foreign	ADJ
arjefm-1156	223	23	interest	interest	NOUN
arjefm-1156	223	24	rate	rate	NOUN
arjefm-1156	223	25	and	and	CCONJ
arjefm-1156	223	26	macroeconomic	macroeconomic	ADJ
arjefm-1156	223	27	variables	variable	NOUN
arjefm-1156	223	28	such	such	ADJ
arjefm-1156	223	29	as	as	ADP
arjefm-1156	223	30	balance	balance	NOUN
arjefm-1156	223	31	of	of	ADP
arjefm-1156	223	32	payments	payment	NOUN
arjefm-1156	223	33	and	and	CCONJ
arjefm-1156	223	34	consumption	consumption	NOUN
arjefm-1156	223	35	expenditure	expenditure	NOUN
arjefm-1156	223	36	.	.	PUNCT
arjefm-1156	224	1	it	it	PRON
arjefm-1156	224	2	means	mean	VERB
arjefm-1156	224	3	that	that	SCONJ
arjefm-1156	224	4	the	the	DET
arjefm-1156	224	5	continuous	continuous	ADJ
arjefm-1156	224	6	substitution	substitution	NOUN
arjefm-1156	224	7	of	of	ADP
arjefm-1156	224	8	the	the	DET
arjefm-1156	224	9	naira	naira	NOUN
arjefm-1156	224	10	for	for	ADP
arjefm-1156	224	11	foreign	foreign	ADJ
arjefm-1156	224	12	currencies	currency	NOUN
arjefm-1156	224	13	such	such	ADJ
arjefm-1156	224	14	as	as	ADP
arjefm-1156	224	15	dollar	dollar	NOUN
arjefm-1156	224	16	,	,	PUNCT
arjefm-1156	224	17	pound	pound	NOUN
arjefm-1156	224	18	sterling	sterling	NOUN
arjefm-1156	224	19	and	and	CCONJ
arjefm-1156	224	20	euro	euro	NOUN
arjefm-1156	224	21	stand	stand	VERB
arjefm-1156	224	22	to	to	PART
arjefm-1156	224	23	worsen	worsen	VERB
arjefm-1156	224	24	strength	strength	NOUN
arjefm-1156	224	25	of	of	ADP
arjefm-1156	224	26	our	our	PRON
arjefm-1156	224	27	domestic	domestic	ADJ
arjefm-1156	224	28	currency	currency	NOUN
arjefm-1156	224	29	and	and	CCONJ
arjefm-1156	224	30	this	this	PRON
arjefm-1156	224	31	is	be	AUX
arjefm-1156	224	32	the	the	DET
arjefm-1156	224	33	reason	reason	NOUN
arjefm-1156	224	34	our	our	PRON
arjefm-1156	224	35	currency	currency	NOUN
arjefm-1156	224	36	is	be	AUX
arjefm-1156	224	37	not	not	PART
arjefm-1156	224	38	strong	strong	ADJ
arjefm-1156	224	39	in	in	ADP
arjefm-1156	224	40	international	international	ADJ
arjefm-1156	224	41	transaction	transaction	NOUN
arjefm-1156	224	42	.	.	PUNCT
arjefm-1156	225	1	based	base	VERB
arjefm-1156	225	2	on	on	ADP
arjefm-1156	225	3	these	these	DET
arjefm-1156	225	4	results	result	NOUN
arjefm-1156	225	5	,	,	PUNCT
arjefm-1156	225	6	the	the	DET
arjefm-1156	225	7	study	study	NOUN
arjefm-1156	225	8	concludes	conclude	VERB
arjefm-1156	225	9	that	that	SCONJ
arjefm-1156	225	10	any	any	DET
arjefm-1156	225	11	economy	economy	NOUN
arjefm-1156	225	12	with	with	ADP
arjefm-1156	225	13	prevailing	prevail	VERB
arjefm-1156	225	14	and	and	CCONJ
arjefm-1156	225	15	persistent	persistent	ADJ
arjefm-1156	225	16	macroeconomic	macroeconomic	ADJ
arjefm-1156	225	17	instability	instability	NOUN
arjefm-1156	225	18	like	like	ADP
arjefm-1156	225	19	nigeria	nigeria	PROPN
arjefm-1156	225	20	,	,	PUNCT
arjefm-1156	225	21	the	the	DET
arjefm-1156	225	22	residents	resident	NOUN
arjefm-1156	225	23	are	be	AUX
arjefm-1156	225	24	likely	likely	ADJ
arjefm-1156	225	25	to	to	PART
arjefm-1156	225	26	resort	resort	VERB
arjefm-1156	225	27	to	to	ADP
arjefm-1156	225	28	protecting	protect	VERB
arjefm-1156	225	29	the	the	DET
arjefm-1156	225	30	real	real	ADJ
arjefm-1156	225	31	value	value	NOUN
arjefm-1156	225	32	of	of	ADP
arjefm-1156	225	33	their	their	PRON
arjefm-1156	225	34	wealth	wealth	NOUN
arjefm-1156	225	35	by	by	ADP
arjefm-1156	225	36	increasing	increase	VERB
arjefm-1156	225	37	their	their	PRON
arjefm-1156	225	38	holdings	holding	NOUN
arjefm-1156	225	39	of	of	ADP
arjefm-1156	225	40	foreign	foreign	ADJ
arjefm-1156	225	41	currency	currency	NOUN
arjefm-1156	225	42	and	and	CCONJ
arjefm-1156	225	43	hence	hence	ADV
arjefm-1156	225	44	causing	cause	VERB
arjefm-1156	225	45	economic	economic	ADJ
arjefm-1156	225	46	imbalances	imbalance	NOUN
arjefm-1156	225	47	.	.	PUNCT
arjefm-1156	226	1	5.2	5.2	NUM
arjefm-1156	226	2	recommendations	recommendation	NOUN
arjefm-1156	226	3	based	base	VERB
arjefm-1156	226	4	on	on	ADP
arjefm-1156	226	5	the	the	DET
arjefm-1156	226	6	empirical	empirical	ADJ
arjefm-1156	226	7	findings	finding	NOUN
arjefm-1156	226	8	and	and	CCONJ
arjefm-1156	226	9	the	the	DET
arjefm-1156	226	10	conclusion	conclusion	NOUN
arjefm-1156	226	11	drawn	draw	VERB
arjefm-1156	226	12	,	,	PUNCT
arjefm-1156	226	13	the	the	DET
arjefm-1156	226	14	study	study	NOUN
arjefm-1156	226	15	recommends	recommend	VERB
arjefm-1156	226	16	that	that	SCONJ
arjefm-1156	226	17	:	:	PUNCT
arjefm-1156	226	18	efforts	effort	NOUN
arjefm-1156	226	19	should	should	AUX
arjefm-1156	226	20	be	be	AUX
arjefm-1156	226	21	made	make	VERB
arjefm-1156	226	22	to	to	PART
arjefm-1156	226	23	strengthen	strengthen	VERB
arjefm-1156	226	24	the	the	DET
arjefm-1156	226	25	domestic	domestic	ADJ
arjefm-1156	226	26	currency	currency	NOUN
arjefm-1156	226	27	by	by	ADP
arjefm-1156	226	28	policy	policy	NOUN
arjefm-1156	226	29	makers	maker	NOUN
arjefm-1156	226	30	.	.	PUNCT
arjefm-1156	227	1	this	this	PRON
arjefm-1156	227	2	can	can	AUX
arjefm-1156	227	3	be	be	AUX
arjefm-1156	227	4	done	do	VERB
arjefm-1156	227	5	through	through	ADP
arjefm-1156	227	6	a	a	DET
arjefm-1156	227	7	combination	combination	NOUN
arjefm-1156	227	8	of	of	ADP
arjefm-1156	227	9	fiscal	fiscal	ADJ
arjefm-1156	227	10	and	and	CCONJ
arjefm-1156	227	11	monetary	monetary	ADJ
arjefm-1156	227	12	policies	policy	NOUN
arjefm-1156	227	13	;	;	PUNCT
arjefm-1156	227	14	fiscal	fiscal	ADJ
arjefm-1156	227	15	policies	policy	NOUN
arjefm-1156	227	16	to	to	PART
arjefm-1156	227	17	boost	boost	VERB
arjefm-1156	227	18	productivity	productivity	NOUN
arjefm-1156	227	19	,	,	PUNCT
arjefm-1156	227	20	reduce	reduce	VERB
arjefm-1156	227	21	frivolous	frivolous	ADJ
arjefm-1156	227	22	imports	import	NOUN
arjefm-1156	227	23	,	,	PUNCT
arjefm-1156	227	24	and	and	CCONJ
arjefm-1156	227	25	monetary	monetary	ADJ
arjefm-1156	227	26	policies	policy	NOUN
arjefm-1156	227	27	to	to	PART
arjefm-1156	227	28	regulate	regulate	VERB
arjefm-1156	227	29	and	and	CCONJ
arjefm-1156	227	30	stabilize	stabilize	VERB
arjefm-1156	227	31	the	the	DET
arjefm-1156	227	32	monetary	monetary	ADJ
arjefm-1156	227	33	sector	sector	NOUN
arjefm-1156	227	34	.	.	PUNCT
arjefm-1156	228	1	monetary	monetary	ADJ
arjefm-1156	228	2	authority	authority	NOUN
arjefm-1156	228	3	should	should	AUX
arjefm-1156	228	4	ensure	ensure	VERB
arjefm-1156	228	5	that	that	SCONJ
arjefm-1156	228	6	effective	effective	ADJ
arjefm-1156	228	7	and	and	CCONJ
arjefm-1156	228	8	efficient	efficient	ADJ
arjefm-1156	228	9	policy	policy	NOUN
arjefm-1156	228	10	control	control	NOUN
arjefm-1156	228	11	on	on	ADP
arjefm-1156	228	12	inflation	inflation	NOUN
arjefm-1156	228	13	,	,	PUNCT
arjefm-1156	228	14	and	and	CCONJ
arjefm-1156	228	15	exchange	exchange	NOUN
arjefm-1156	228	16	rate	rate	NOUN
arjefm-1156	228	17	is	be	AUX
arjefm-1156	228	18	put	put	VERB
arjefm-1156	228	19	in	in	ADP
arjefm-1156	228	20	place	place	NOUN
arjefm-1156	228	21	to	to	PART
arjefm-1156	228	22	reduce	reduce	VERB
arjefm-1156	228	23	the	the	DET
arjefm-1156	228	24	rate	rate	NOUN
arjefm-1156	228	25	of	of	ADP
arjefm-1156	228	26	currency	currency	NOUN
arjefm-1156	228	27	substitution	substitution	NOUN
arjefm-1156	228	28	in	in	ADP
arjefm-1156	228	29	nigeria	nigeria	PROPN
arjefm-1156	228	30	,	,	PUNCT
arjefm-1156	228	31	thereby	thereby	ADV
arjefm-1156	228	32	,	,	PUNCT
arjefm-1156	228	33	boosting	boost	VERB
arjefm-1156	228	34	economic	economic	ADJ
arjefm-1156	228	35	agent	agent	NOUN
arjefm-1156	228	36	of	of	ADP
arjefm-1156	228	37	domestic	domestic	ADJ
arjefm-1156	228	38	consumption	consumption	NOUN
arjefm-1156	228	39	.	.	PUNCT
arjefm-1156	229	1	there	there	PRON
arjefm-1156	229	2	is	be	VERB
arjefm-1156	229	3	need	need	NOUN
arjefm-1156	229	4	to	to	PART
arjefm-1156	229	5	check	check	VERB
arjefm-1156	229	6	mate	mate	VERB
arjefm-1156	229	7	the	the	DET
arjefm-1156	229	8	disparity	disparity	NOUN
arjefm-1156	229	9	between	between	ADP
arjefm-1156	229	10	the	the	DET
arjefm-1156	229	11	foreign	foreign	ADJ
arjefm-1156	229	12	exchange	exchange	NOUN
arjefm-1156	229	13	market	market	NOUN
arjefm-1156	229	14	and	and	CCONJ
arjefm-1156	229	15	the	the	DET
arjefm-1156	229	16	parallel	parallel	ADJ
arjefm-1156	229	17	foreign	foreign	ADJ
arjefm-1156	229	18	exchange	exchange	NOUN
arjefm-1156	229	19	market	market	NOUN
arjefm-1156	229	20	by	by	ADP
arjefm-1156	229	21	the	the	DET
arjefm-1156	229	22	monetary	monetary	ADJ
arjefm-1156	229	23	authority	authority	NOUN
arjefm-1156	229	24	in	in	ADP
arjefm-1156	229	25	other	other	ADJ
arjefm-1156	229	26	to	to	PART
arjefm-1156	229	27	achieve	achieve	VERB
arjefm-1156	229	28	the	the	DET
arjefm-1156	229	29	objective	objective	NOUN
arjefm-1156	229	30	of	of	ADP
arjefm-1156	229	31	having	have	VERB
arjefm-1156	229	32	a	a	DET
arjefm-1156	229	33	realistic	realistic	ADJ
arjefm-1156	229	34	exchange	exchange	NOUN
arjefm-1156	229	35	rate	rate	NOUN
arjefm-1156	229	36	.	.	PUNCT
arjefm-1156	230	1	references	reference	NOUN
arjefm-1156	230	2	adamu	adamu	PROPN
arjefm-1156	230	3	,	,	PUNCT
arjefm-1156	230	4	m.	m.	PROPN
arjefm-1156	230	5	b.	b.	PROPN
arjefm-1156	230	6	(	(	PUNCT
arjefm-1156	230	7	2016	2016	NUM
arjefm-1156	230	8	)	)	PUNCT
arjefm-1156	230	9	.	.	PUNCT
arjefm-1156	231	1	currency	currency	NOUN
arjefm-1156	231	2	substitution	substitution	NOUN
arjefm-1156	231	3	and	and	CCONJ
arjefm-1156	231	4	the	the	DET
arjefm-1156	231	5	demand	demand	NOUN
arjefm-1156	231	6	for	for	ADP
arjefm-1156	231	7	money	money	NOUN
arjefm-1156	231	8	in	in	ADP
arjefm-1156	231	9	nigeria	nigeria	PROPN
arjefm-1156	231	10	:	:	PUNCT
arjefm-1156	231	11	1980	1980	NUM
arjefm-1156	231	12	–	–	PUNCT
arjefm-1156	231	13	2014	2014	NUM
arjefm-1156	231	14	.	.	PUNCT
arjefm-1156	232	1	a	a	DET
arjefm-1156	232	2	thesis	thesis	NOUN
arjefm-1156	232	3	submitted	submit	VERB
arjefm-1156	232	4	to	to	ADP
arjefm-1156	232	5	the	the	DET
arjefm-1156	232	6	school	school	NOUN
arjefm-1156	232	7	of	of	ADP
arjefm-1156	232	8	postgraduate	postgraduate	NOUN
arjefm-1156	232	9	studies	study	NOUN
arjefm-1156	232	10	,	,	PUNCT
arjefm-1156	232	11	ahmadu	ahmadu	PROPN
arjefm-1156	232	12	bello	bello	PROPN
arjefm-1156	232	13	university	university	NOUN
arjefm-1156	232	14	,	,	PUNCT
arjefm-1156	232	15	zaria	zaria	PROPN
arjefm-1156	232	16	adom	adom	PROPN
arjefm-1156	232	17	,	,	PUNCT
arjefm-1156	232	18	a.d	a.d	PROPN
arjefm-1156	232	19	,	,	PUNCT
arjefm-1156	232	20	sharma	sharma	PROPN
arjefm-1156	232	21	,	,	PUNCT
arjefm-1156	232	22	s.	s.	PROPN
arjefm-1156	232	23	c.	c.	PROPN
arjefm-1156	232	24	,	,	PUNCT
arjefm-1156	232	25	&	&	CCONJ
arjefm-1156	232	26	morshed	morshe	VERB
arjefm-1156	232	27	,	,	PUNCT
arjefm-1156	232	28	a.	a.	NOUN
arjefm-1156	232	29	m.	m.	NOUN
arjefm-1156	232	30	(	(	PUNCT
arjefm-1156	232	31	2006	2006	NUM
arjefm-1156	232	32	)	)	PUNCT
arjefm-1156	232	33	.	.	PUNCT
arjefm-1156	233	1	currency	currency	NOUN
arjefm-1156	233	2	substitution	substitution	NOUN
arjefm-1156	233	3	in	in	ADP
arjefm-1156	233	4	selected	select	VERB
arjefm-1156	233	5	african	african	ADJ
arjefm-1156	233	6	countries	country	NOUN
arjefm-1156	233	7	afonso	afonso	PROPN
arjefm-1156	233	8	(	(	PUNCT
arjefm-1156	233	9	2000	2000	NUM
arjefm-1156	233	10	)	)	PUNCT
arjefm-1156	233	11	.	.	PUNCT
arjefm-1156	234	1	the	the	DET
arjefm-1156	234	2	science	science	NOUN
arjefm-1156	234	3	of	of	ADP
arjefm-1156	234	4	monetary	monetary	ADJ
arjefm-1156	234	5	policy	policy	NOUN
arjefm-1156	234	6	:	:	PUNCT
arjefm-1156	234	7	a	a	DET
arjefm-1156	234	8	new	new	ADJ
arjefm-1156	234	9	keynesian	keynesian	ADJ
arjefm-1156	234	10	perspective	perspective	NOUN
arjefm-1156	234	11	:	:	PUNCT
arjefm-1156	234	12	journal	journal	NOUN
arjefm-1156	234	13	of	of	ADP
arjefm-1156	234	14	economic	economic	PROPN
arjefm-1156	234	15	literature	literature	PROPN
arjefm-1156	234	16	xxxvii	xxxvii	PROPN
arjefm-1156	234	17	(	(	PUNCT
arjefm-1156	234	18	4	4	NUM
arjefm-1156	234	19	):	):	PUNCT
arjefm-1156	234	20	1661	1661	NUM
arjefm-1156	234	21	-	-	SYM
arjefm-1156	234	22	1707	1707	NUM
arjefm-1156	234	23	akpan	akpan	NOUN
arjefm-1156	234	24	,	,	PUNCT
arjefm-1156	234	25	e.	e.	PROPN
arjefm-1156	234	26	o.	o.	PROPN
arjefm-1156	234	27	,	,	PUNCT
arjefm-1156	234	28	&	&	CCONJ
arjefm-1156	234	29	atan	atan	PROPN
arjefm-1156	234	30	,	,	PUNCT
arjefm-1156	234	31	j.	j.	PROPN
arjefm-1156	234	32	a.	a.	PROPN
arjefm-1156	234	33	(	(	PUNCT
arjefm-1156	234	34	n.d	n.d	PROPN
arjefm-1156	234	35	)	)	PUNCT
arjefm-1156	234	36	.	.	PUNCT
arjefm-1156	235	1	effects	effect	NOUN
arjefm-1156	235	2	of	of	ADP
arjefm-1156	235	3	exchange	exchange	NOUN
arjefm-1156	235	4	rate	rate	NOUN
arjefm-1156	235	5	movements	movement	NOUN
arjefm-1156	235	6	on	on	ADP
arjefm-1156	235	7	economic	economic	ADJ
arjefm-1156	235	8	growth	growth	NOUN
arjefm-1156	235	9	in	in	ADP
arjefm-1156	235	10	nigeria	nigeria	PROPN
arjefm-1156	235	11	.	.	PUNCT
arjefm-1156	236	1	cbn	cbn	PROPN
arjefm-1156	236	2	journal	journal	PROPN
arjefm-1156	236	3	of	of	ADP
arjefm-1156	236	4	applied	apply	VERB
arjefm-1156	236	5	statistics	statistic	NOUN
arjefm-1156	236	6	2(2	2(2	NUM
arjefm-1156	236	7	)	)	PUNCT
arjefm-1156	236	8	alemán	alemán	PROPN
arjefm-1156	236	9	,	,	PUNCT
arjefm-1156	236	10	e.	e.	PROPN
arjefm-1156	236	11	j.	j.	PROPN
arjefm-1156	236	12	(	(	PUNCT
arjefm-1156	236	13	1995	1995	NUM
arjefm-1156	236	14	)	)	PUNCT
arjefm-1156	236	15	.	.	PUNCT
arjefm-1156	237	1	"	"	PUNCT
arjefm-1156	237	2	inflation	inflation	NOUN
arjefm-1156	237	3	,	,	PUNCT
arjefm-1156	237	4	currency	currency	NOUN
arjefm-1156	237	5	substitution	substitution	NOUN
arjefm-1156	237	6	,	,	PUNCT
arjefm-1156	237	7	and	and	CCONJ
arjefm-1156	237	8	dollarization	dollarization	NOUN
arjefm-1156	237	9	:	:	PUNCT
arjefm-1156	237	10	the	the	DET
arjefm-1156	237	11	case	case	NOUN
arjefm-1156	237	12	of	of	ADP
arjefm-1156	237	13	argentina".fiu	argentina".fiu	X
arjefm-1156	237	14	electronic	electronic	ADJ
arjefm-1156	237	15	theses	thesis	NOUN
arjefm-1156	237	16	and	and	CCONJ
arjefm-1156	237	17	dissertations	dissertation	NOUN
arjefm-1156	237	18	.	.	PUNCT
arjefm-1156	237	19	1224	1224	NUM
arjefm-1156	237	20	.	.	PUNCT
arjefm-1156	238	1	american	american	PROPN
arjefm-1156	238	2	research	research	PROPN
arjefm-1156	238	3	journal	journal	PROPN
arjefm-1156	238	4	of	of	ADP
arjefm-1156	238	5	economics	economic	NOUN
arjefm-1156	238	6	,	,	PUNCT
arjefm-1156	238	7	finance	finance	NOUN
arjefm-1156	238	8	and	and	CCONJ
arjefm-1156	238	9	management	management	NOUN
arjefm-1156	238	10	volume	volume	NOUN
arjefm-1156	238	11	13	13	NUM
arjefm-1156	238	12	issue	issue	NOUN
arjefm-1156	238	13	1	1	NUM
arjefm-1156	238	14	,	,	PUNCT
arjefm-1156	238	15	january	january	PROPN
arjefm-1156	238	16	-	-	PUNCT
arjefm-1156	238	17	march	march	PROPN
arjefm-1156	238	18	2025	2025	NUM
arjefm-1156	238	19	issn	issn	NOUN
arjefm-1156	238	20	:	:	PUNCT
arjefm-1156	238	21	2836	2836	NUM
arjefm-1156	238	22	-	-	SYM
arjefm-1156	238	23	9416	9416	NUM
arjefm-1156	238	24	impact	impact	NOUN
arjefm-1156	238	25	factor	factor	NOUN
arjefm-1156	238	26	:	:	PUNCT
arjefm-1156	238	27	6.41	6.41	NUM
arjefm-1156	238	28	journal	journal	NOUN
arjefm-1156	238	29	homepage	homepage	NOUN
arjefm-1156	238	30	:	:	PUNCT
arjefm-1156	238	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	238	32	,	,	PUNCT
arjefm-1156	238	33	email	email	NOUN
arjefm-1156	238	34	:	:	PUNCT
arjefm-1156	238	35	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1156	238	36	official	official	ADJ
arjefm-1156	238	37	journal	journal	PROPN
arjefm-1156	238	38	of	of	ADP
arjefm-1156	238	39	america	america	PROPN
arjefm-1156	238	40	serial	serial	PROPN
arjefm-1156	238	41	publication	publication	NOUN
arjefm-1156	238	42	american	american	PROPN
arjefm-1156	238	43	research	research	PROPN
arjefm-1156	238	44	journal	journal	PROPN
arjefm-1156	238	45	of	of	ADP
arjefm-1156	238	46	economics	economic	NOUN
arjefm-1156	238	47	,	,	PUNCT
arjefm-1156	238	48	finance	finance	NOUN
arjefm-1156	238	49	and	and	CCONJ
arjefm-1156	238	50	management	management	NOUN
arjefm-1156	238	51	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1156	238	52	,	,	PUNCT
arjefm-1156	238	53	email	email	NOUN
arjefm-1156	238	54	:	:	PUNCT
arjefm-1156	238	55	contact@americaserial.com	contact@americaserial.com	X
arjefm-1156	239	1	59	59	NUM
arjefm-1156	240	1	|	|	ADV
arjefm-1156	240	2	p	p	NOUN
arjefm-1156	240	3	a	a	DET
arjefm-1156	240	4	g	g	PROPN
arjefm-1156	240	5	e	e	PROPN
arjefm-1156	240	6	alimi	alimi	PROPN
arjefm-1156	240	7	,	,	PUNCT
arjefm-1156	240	8	r.	r.	PROPN
arjefm-1156	240	9	s.	s.	PROPN
arjefm-1156	240	10	(	(	PUNCT
arjefm-1156	240	11	2013	2013	NUM
arjefm-1156	240	12	)	)	PUNCT
arjefm-1156	240	13	.	.	PUNCT
arjefm-1156	241	1	keynes	keynes	PROPN
arjefm-1156	241	2	'	'	PART
arjefm-1156	241	3	absolute	absolute	ADJ
arjefm-1156	241	4	income	income	NOUN
arjefm-1156	241	5	hypothesis	hypothesis	NOUN
arjefm-1156	241	6	.	.	PUNCT
arjefm-1156	242	1	retrieved	retrieve	VERB
arjefm-1156	242	2	from	from	ADP
arjefm-1156	242	3	online	online	ADV
arjefm-1156	242	4	at	at	ADP
arjefm-1156	242	5	https://mpra.ub.unimuenchen.de/49310/	https://mpra.ub.unimuenchen.de/49310/	PROPN
arjefm-1156	242	6	mpra	mpra	PROPN
arjefm-1156	242	7	paper	paper	PROPN
arjefm-1156	242	8	no	no	INTJ
arjefm-1156	242	9	.	.	PROPN
arjefm-1156	242	10	49310	49310	NUM
arjefm-1156	242	11	,	,	PUNCT
arjefm-1156	242	12	posted	post	VERB
arjefm-1156	242	13	26	26	NUM
arjefm-1156	242	14	august	august	PROPN
arjefm-1156	242	15	2013	2013	NUM
arjefm-1156	242	16	14:05	14:05	NUM
arjefm-1156	242	17	utc	utc	PROPN
arjefm-1156	242	18	amadi	amadi	PROPN
arjefm-1156	242	19	,	,	PUNCT
arjefm-1156	242	20	s.	s.	PROPN
arjefm-1156	242	21	n.	n.	PROPN
arjefm-1156	242	22	,	,	PUNCT
arjefm-1156	242	23	akani	akani	PROPN
arjefm-1156	242	24	,	,	PUNCT
arjefm-1156	242	25	h.w	h.w	PROPN
arjefm-1156	242	26	.	.	PROPN
arjefm-1156	242	27	&	&	CCONJ
arjefm-1156	242	28	ogbole	ogbole	PROPN
arjefm-1156	242	29	,	,	PUNCT
arjefm-1156	242	30	f.	f.	PROPN
arjefm-1156	242	31	o.	o.	PROPN
arjefm-1156	242	32	(	(	PUNCT
arjefm-1156	242	33	2011	2011	NUM
arjefm-1156	242	34	)	)	PUNCT
arjefm-1156	242	35	.	.	PUNCT
arjefm-1156	243	1	fiscal	fiscal	ADJ
arjefm-1156	243	2	policy	policy	NOUN
arjefm-1156	243	3	and	and	CCONJ
arjefm-1156	243	4	macroeconomic	macroeconomic	ADJ
arjefm-1156	243	5	performance	performance	NOUN
arjefm-1156	243	6	in	in	ADP
arjefm-1156	243	7	nigeria	nigeria	PROPN
arjefm-1156	243	8	,	,	PUNCT
arjefm-1156	243	9	1970	1970	NUM
arjefm-1156	243	10	–	–	PUNCT
arjefm-1156	243	11	2007	2007	NUM
arjefm-1156	243	12	.	.	PUNCT
arjefm-1156	244	1	retrieve	retrieve	NOUN
arjefm-1156	244	2	from	from	ADP
arjefm-1156	244	3	anyawu	anyawu	PROPN
arjefm-1156	244	4	,	,	PUNCT
arjefm-1156	244	5	j.c	j.c	PROPN
arjefm-1156	244	6	.	.	PROPN
arjefm-1156	244	7	(	(	PUNCT
arjefm-1156	244	8	2004	2004	NUM
arjefm-1156	244	9	)	)	PUNCT
arjefm-1156	244	10	.	.	PUNCT
arjefm-1156	245	1	monetary	monetary	ADJ
arjefm-1156	245	2	economics	economic	NOUN
arjefm-1156	245	3	:	:	PUNCT
arjefm-1156	245	4	theory	theory	NOUN
arjefm-1156	245	5	,	,	PUNCT
arjefm-1156	245	6	policy	policy	NOUN
arjefm-1156	245	7	,	,	PUNCT
arjefm-1156	245	8	and	and	CCONJ
arjefm-1156	245	9	institution	institution	NOUN
arjefm-1156	245	10	.	.	PUNCT
arjefm-1156	246	1	hybrid	hybrid	ADJ
arjefm-1156	246	2	publishers	publishers	PROPN
arjefm-1156	246	3	ltd	ltd	PROPN
arjefm-1156	246	4	,	,	PUNCT
arjefm-1156	246	5	onitsha	onitsha	PROPN
arjefm-1156	246	6	,	,	PUNCT
arjefm-1156	246	7	nigeria	nigeria	PROPN
arjefm-1156	246	8	central	central	PROPN
arjefm-1156	246	9	bank	bank	PROPN
arjefm-1156	246	10	of	of	ADP
arjefm-1156	246	11	nigeria	nigeria	PROPN
arjefm-1156	246	12	(	(	PUNCT
arjefm-1156	246	13	2011	2011	NUM
arjefm-1156	246	14	)	)	PUNCT
arjefm-1156	246	15	.	.	PUNCT
arjefm-1156	247	1	understanding	understand	VERB
arjefm-1156	247	2	monetary	monetary	ADJ
arjefm-1156	247	3	policy	policy	NOUN
arjefm-1156	247	4	series	series	NOUN
arjefm-1156	247	5	no	no	INTJ
arjefm-1156	247	6	.	.	PROPN
arjefm-1156	248	1	3	3	X
arjefm-1156	248	2	.	.	X
arjefm-1156	248	3	central	central	PROPN
arjefm-1156	248	4	bank	bank	PROPN
arjefm-1156	248	5	of	of	ADP
arjefm-1156	248	6	nigeria	nigeria	PROPN
arjefm-1156	248	7	monetary	monetary	ADJ
arjefm-1156	248	8	policy	policy	NOUN
arjefm-1156	248	9	framework	framework	NOUN
arjefm-1156	248	10	central	central	PROPN
arjefm-1156	248	11	bank	bank	PROPN
arjefm-1156	248	12	of	of	ADP
arjefm-1156	248	13	nigeria	nigeria	PROPN
arjefm-1156	248	14	(	(	PUNCT
arjefm-1156	248	15	2014	2014	NUM
arjefm-1156	248	16	):	):	PUNCT
arjefm-1156	248	17	annual	annual	ADJ
arjefm-1156	248	18	report	report	NOUN
arjefm-1156	248	19	and	and	CCONJ
arjefm-1156	248	20	statement	statement	NOUN
arjefm-1156	248	21	of	of	ADP
arjefm-1156	248	22	accounts	account	NOUN
arjefm-1156	248	23	,	,	PUNCT
arjefm-1156	248	24	abuja	abuja	PROPN
arjefm-1156	248	25	,	,	PUNCT
arjefm-1156	248	26	nigeria	nigeria	PROPN
arjefm-1156	248	27	.	.	PUNCT
arjefm-1156	249	1	www.cenbank.org	www.cenbank.org	PROPN
arjefm-1156	249	2	central	central	ADJ
arjefm-1156	249	3	bank	bank	PROPN
arjefm-1156	249	4	of	of	ADP
arjefm-1156	249	5	nigeria	nigeria	PROPN
arjefm-1156	249	6	(	(	PUNCT
arjefm-1156	249	7	2019	2019	NUM
arjefm-1156	249	8	)	)	PUNCT
arjefm-1156	249	9	.	.	PUNCT
arjefm-1156	250	1	annual	annual	ADJ
arjefm-1156	250	2	report	report	NOUN
arjefm-1156	250	3	and	and	CCONJ
arjefm-1156	250	4	statement	statement	NOUN
arjefm-1156	250	5	of	of	ADP
arjefm-1156	250	6	accounts	account	NOUN
arjefm-1156	250	7	,	,	PUNCT
arjefm-1156	250	8	abuja	abuja	PROPN
arjefm-1156	250	9	,	,	PUNCT
arjefm-1156	250	10	nigeria	nigeria	PROPN
arjefm-1156	250	11	.	.	PUNCT
arjefm-1156	251	1	www.cenbank.org	www.cenbank.org	PROPN
arjefm-1156	251	2	effiom	effiom	PROPN
arjefm-1156	251	3	,	,	PUNCT
arjefm-1156	251	4	l.	l.	PROPN
arjefm-1156	251	5	&	&	CCONJ
arjefm-1156	251	6	ubi	ubi	PROPN
arjefm-1156	251	7	,	,	PUNCT
arjefm-1156	251	8	p.	p.	PROPN
arjefm-1156	251	9	s.	s.	PROPN
arjefm-1156	251	10	(	(	PUNCT
arjefm-1156	251	11	2010	2010	NUM
arjefm-1156	251	12	)	)	PUNCT
arjefm-1156	251	13	.	.	PUNCT
arjefm-1156	252	1	currency	currency	NOUN
arjefm-1156	252	2	substitution	substitution	NOUN
arjefm-1156	252	3	phenomenon	phenomenon	NOUN
arjefm-1156	252	4	:	:	PUNCT
arjefm-1156	252	5	is	be	AUX
arjefm-1156	252	6	the	the	DET
arjefm-1156	252	7	nigerian	nigerian	ADJ
arjefm-1156	252	8	economy	economy	NOUN
arjefm-1156	252	9	immune	immune	ADJ
arjefm-1156	252	10	?	?	PUNCT
arjefm-1156	253	1	journal	journal	NOUN
arjefm-1156	253	2	of	of	ADP
arjefm-1156	253	3	economic	economic	ADJ
arjefm-1156	253	4	theory	theory	NOUN
arjefm-1156	253	5	4(1	4(1	NOUN
arjefm-1156	253	6	)	)	PUNCT
arjefm-1156	253	7	issn	issn	PROPN
arjefm-1156	253	8	:	:	PUNCT
arjefm-1156	253	9	1994	1994	NUM
arjefm-1156	253	10	-	-	SYM
arjefm-1156	253	11	8212	8212	NUM
arjefm-1156	253	12	kumamoto	kumamoto	PROPN
arjefm-1156	253	13	,	,	PUNCT
arjefm-1156	253	14	h.	h.	PROPN
arjefm-1156	253	15	&	&	CCONJ
arjefm-1156	253	16	kumamoto	kumamoto	PROPN
arjefm-1156	253	17	,	,	PUNCT
arjefm-1156	253	18	m.	m.	NOUN
arjefm-1156	253	19	(	(	PUNCT
arjefm-1156	253	20	2017	2017	NUM
arjefm-1156	253	21	)	)	PUNCT
arjefm-1156	253	22	.	.	PUNCT
arjefm-1156	254	1	currency	currency	NOUN
arjefm-1156	254	2	substitution	substitution	NOUN
arjefm-1156	254	3	and	and	CCONJ
arjefm-1156	254	4	monetary	monetary	ADJ
arjefm-1156	254	5	policy	policy	NOUN
arjefm-1156	254	6	effects	effect	NOUN
arjefm-1156	254	7	:	:	PUNCT
arjefm-1156	254	8	the	the	DET
arjefm-1156	254	9	case	case	NOUN
arjefm-1156	254	10	of	of	ADP
arjefm-1156	254	11	latin	latin	ADJ
arjefm-1156	254	12	american	american	ADJ
arjefm-1156	254	13	countries	country	NOUN
arjefm-1156	254	14	.	.	PUNCT
arjefm-1156	255	1	international	international	ADJ
arjefm-1156	255	2	journal	journal	PROPN
arjefm-1156	255	3	of	of	ADP
arjefm-1156	255	4	economics	economic	NOUN
arjefm-1156	255	5	and	and	CCONJ
arjefm-1156	255	6	finance	finance	NOUN
arjefm-1156	255	7	;	;	PUNCT
arjefm-1156	255	8	9(2	9(2	NUM
arjefm-1156	255	9	)	)	PUNCT
arjefm-1156	255	10	;	;	PUNCT
arjefm-1156	255	11	2017	2017	NUM
arjefm-1156	255	12	issn	issn	VERB
arjefm-1156	255	13	1916	1916	NUM
arjefm-1156	255	14	-	-	PUNCT
arjefm-1156	255	15	971x	971x	NOUN
arjefm-1156	255	16	e	e	NOUN
arjefm-1156	255	17	-	-	PROPN
arjefm-1156	255	18	issn	issn	PROPN
arjefm-1156	255	19	1916	1916	NUM
arjefm-1156	255	20	-	-	SYM
arjefm-1156	255	21	9728	9728	NUM
arjefm-1156	255	22	published	publish	VERB
arjefm-1156	255	23	by	by	ADP
arjefm-1156	255	24	canadian	canadian	ADJ
arjefm-1156	255	25	center	center	NOUN
arjefm-1156	255	26	of	of	ADP
arjefm-1156	255	27	science	science	NOUN
arjefm-1156	255	28	and	and	CCONJ
arjefm-1156	255	29	education	education	NOUN
arjefm-1156	255	30	poterba	poterba	NOUN
arjefm-1156	255	31	,	,	PUNCT
arjefm-1156	255	32	j.	j.	PROPN
arjefm-1156	255	33	m	m	PROPN
arjefm-1156	255	34	&	&	CCONJ
arjefm-1156	255	35	rotemberg	rotemberg	PROPN
arjefm-1156	255	36	,	,	PUNCT
arjefm-1156	255	37	j.	j.	PROPN
arjefm-1156	255	38	j.	j.	PROPN
arjefm-1156	255	39	(	(	PUNCT
arjefm-1156	255	40	1986	1986	NUM
arjefm-1156	255	41	)	)	PUNCT
arjefm-1156	255	42	.	.	PUNCT
arjefm-1156	256	1	money	money	NOUN
arjefm-1156	256	2	in	in	ADP
arjefm-1156	256	3	the	the	DET
arjefm-1156	256	4	utility	utility	NOUN
arjefm-1156	256	5	function	function	NOUN
arjefm-1156	256	6	:	:	PUNCT
arjefm-1156	256	7	an	an	DET
arjefm-1156	256	8	empirical	empirical	ADJ
arjefm-1156	256	9	implication	implication	NOUN
arjefm-1156	256	10	.	.	PUNCT
arjefm-1156	257	1	working	work	VERB
arjefm-1156	257	2	paper	paper	PROPN
arjefm-1156	257	3	no	no	INTJ
arjefm-1156	257	4	.	.	PROPN
arjefm-1156	257	5	1796	1796	NUM
arjefm-1156	257	6	saviour	saviour	PROPN
arjefm-1156	257	7	s.	s.	PROPN
arjefm-1156	257	8	u.	u.	PROPN
arjefm-1156	257	9	,	,	PUNCT
arjefm-1156	257	10	salamat	salamat	PROPN
arjefm-1156	257	11	a.	a.	PROPN
arjefm-1156	257	12	u.	u.	PROPN
arjefm-1156	257	13	and	and	CCONJ
arjefm-1156	257	14	james	james	PROPN
arjefm-1156	257	15	,	,	PUNCT
arjefm-1156	257	16	j.	j.	PROPN
arjefm-1156	257	17	u.	u.	PROPN
arjefm-1156	257	18	(	(	PUNCT
arjefm-1156	257	19	2024	2024	NUM
arjefm-1156	257	20	)	)	PUNCT
arjefm-1156	257	21	,	,	PUNCT
arjefm-1156	257	22	currency	currency	NOUN
arjefm-1156	257	23	substitution	substitution	NOUN
arjefm-1156	257	24	and	and	CCONJ
arjefm-1156	257	25	effects	effect	NOUN
arjefm-1156	257	26	on	on	ADP
arjefm-1156	257	27	private	private	ADJ
arjefm-1156	257	28	investment	investment	NOUN
arjefm-1156	257	29	in	in	ADP
arjefm-1156	257	30	nigeria	nigeria	PROPN
arjefm-1156	257	31	.	.	PUNCT
arjefm-1156	258	1	aksu	aksu	PROPN
arjefm-1156	258	2	annals	annal	NOUN
arjefm-1156	258	3	of	of	ADP
arjefm-1156	258	4	sustainable	sustainable	ADJ
arjefm-1156	258	5	development	development	NOUN
arjefm-1156	258	6	,	,	PUNCT
arjefm-1156	258	7	2	2	NUM
arjefm-1156	258	8	(	(	PUNCT
arjefm-1156	258	9	1	1	NUM
arjefm-1156	258	10	)	)	PUNCT
arjefm-1156	258	11	saviour	saviour	PROPN
arjefm-1156	258	12	s.	s.	PROPN
arjefm-1156	258	13	u.	u.	PROPN
arjefm-1156	258	14	,	,	PUNCT
arjefm-1156	258	15	ferdinand	ferdinand	PROPN
arjefm-1156	258	16	i.	i.	PROPN
arjefm-1156	258	17	o	o	PROPN
arjefm-1156	258	18	,	,	PUNCT
arjefm-1156	258	19	and	and	CCONJ
arjefm-1156	258	20	a.	a.	PROPN
arjefm-1156	258	21	o.	o.	PROPN
arjefm-1156	258	22	jacob	jacob	PROPN
arjefm-1156	258	23	(	(	PUNCT
arjefm-1156	258	24	2022	2022	NUM
arjefm-1156	258	25	)	)	PUNCT
arjefm-1156	258	26	,	,	PUNCT
arjefm-1156	258	27	effects	effect	NOUN
arjefm-1156	258	28	of	of	ADP
arjefm-1156	258	29	selected	select	VERB
arjefm-1156	258	30	macroeconomic	macroeconomic	ADJ
arjefm-1156	258	31	variables	variable	NOUN
arjefm-1156	258	32	on	on	ADP
arjefm-1156	258	33	stock	stock	NOUN
arjefm-1156	258	34	market	market	NOUN
arjefm-1156	258	35	performance	performance	NOUN
arjefm-1156	258	36	in	in	ADP
arjefm-1156	258	37	nigeria	nigeria	PROPN
arjefm-1156	258	38	,	,	PUNCT
arjefm-1156	258	39	malaysian	malaysian	PROPN
arjefm-1156	258	40	e	e	PROPN
arjefm-1156	258	41	commerce	commerce	PROPN
arjefm-1156	258	42	journal	journal	PROPN
arjefm-1156	258	43	6(2	6(2	NUM
arjefm-1156	258	44	)	)	PUNCT
arjefm-1156	258	45	ugwu	ugwu	ADV
arjefm-1156	258	46	,	,	PUNCT
arjefm-1156	258	47	o.	o.	PROPN
arjefm-1156	258	48	j.	j.	PROPN
arjefm-1156	258	49	&	&	CCONJ
arjefm-1156	258	50	philip	philip	PROPN
arjefm-1156	258	51	(	(	PUNCT
arjefm-1156	258	52	2017	2017	NUM
arjefm-1156	258	53	)	)	PUNCT
arjefm-1156	258	54	.	.	PUNCT
arjefm-1156	259	1	currency	currency	NOUN
arjefm-1156	259	2	substitution	substitution	NOUN
arjefm-1156	259	3	in	in	ADP
arjefm-1156	259	4	nigeria	nigeria	PROPN
arjefm-1156	259	5	;	;	PUNCT
arjefm-1156	259	6	international	international	ADJ
arjefm-1156	259	7	digital	digital	ADJ
arjefm-1156	259	8	organization	organization	NOUN
arjefm-1156	259	9	for	for	ADP
arjefm-1156	259	10	scientific	scientific	ADJ
arjefm-1156	259	11	research	research	NOUN
arjefm-1156	259	12	issn	issn	NOUN
arjefm-1156	259	13	:	:	PUNCT
arjefm-1156	259	14	2550	2550	NUM
arjefm-1156	259	15	-	-	SYM
arjefm-1156	259	16	7966	7966	NUM
arjefm-1156	259	17	idosr	idosr	ADJ
arjefm-1156	259	18	journal	journal	NOUN
arjefm-1156	259	19	of	of	ADP
arjefm-1156	259	20	humanities	humanity	NOUN
arjefm-1156	259	21	and	and	CCONJ
arjefm-1156	259	22	social	social	ADJ
arjefm-1156	259	23	sciences	science	NOUN
arjefm-1156	259	24	2(2	2(2	NUM
arjefm-1156	259	25	):	):	PUNCT
arjefm-1156	259	26	165177	165177	NUM