This paper evaluates empirically the determinants of exchange rates in emerging markets, with emphasis on Nigeria and South Africa during period 2001-2020. By applying pooled OLS regression method both panel data countries as subsamples, study finds out that under level, inflation rate, government final consumption expenditure broad money had a negative effect only was significant. On other han...

Government behavior can be affected by natural resource benefits. Benevolent government and political leaders may use them to improve the welfare of people, whereas others for their own interests. To examine effects oil bonanza on comprehensively, this study investigates how giant oilfield discoveries affect size composition expenditure using data from 168 countries between 1972 2008. We find w...