<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0186-1042</journal-id>
<journal-title><![CDATA[Contaduría y administración]]></journal-title>
<abbrev-journal-title><![CDATA[Contad. Adm]]></abbrev-journal-title>
<issn>0186-1042</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Contaduría y Administración]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0186-10422022000200016</article-id>
<article-id pub-id-type="doi">10.22201/fca.24488410e.2022.3318</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Long memory in nominal exchange rates in Nigeria: An examination using fractionally integrated and cointegrated models with structural breaks]]></article-title>
<article-title xml:lang="es"><![CDATA[La larga memoria de los tipos de cambio nominales en Nigeria: un examen mediante modelos integrados fraccionalmente y cointegrados con rupturas estructurales]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Ebuh]]></surname>
<given-names><![CDATA[Godday U.]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Shitile]]></surname>
<given-names><![CDATA[Tersoo Shimonkabir]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Usman]]></surname>
<given-names><![CDATA[Nuruddeen]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Central Bank of Nigeria Monetary Programming Division ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Nigeria</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Central Bank of Nigeria International Monetary Fund and MPC Secretariat Division RR NGA, African Department]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Nigeria</country>
</aff>
<aff id="Af3">
<institution><![CDATA[,Central Bank of Nigeria International Economic Relations Division ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Nigeria</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2022</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2022</year>
</pub-date>
<volume>67</volume>
<numero>2</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0186-10422022000200016&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0186-10422022000200016&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0186-10422022000200016&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This study sets out to achieve two things majorly. First, is to scrutinize the performance of nominal exchange rates persistence in Nigeria, during the Pre-GFC and Post-GFC periods, in addition to using the full sample. The second is to ascertain whether, or not, the nominal exchange rates are fractionally cointegrated using the FCVAR model recently developed by Nielsen and Popiel (2018). The empirical results from the study depict higher exchange rates persistence in the post GFC period across all the currencies. The outcome lays credence to the need for stronger coordination between the fiscal and monetary authorities to adequately manage the exchange rates in the post-GFC period. We also find the presence of long-run properties in the Nominal exchange rates, where the CVAR is superior to the FCVAR for the full sample, and the FCVAR is superior to the CVAR for the Pre-GFC and Post-GFC periods, respectively.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Este estudio se propone lograr dos cosas principalmente. La primera, es escudriñar el comportamiento de la persistencia de los tipos de cambio nominales en Nigeria, durante los periodos Pre- y Post-Crisis Financiera Mundial (CFM), además de utilizar la muestra completa. La segunda es determinar si, o no, los tipos de cambio nominales están fraccionalmente cointegrados utilizando el modelo FCVAR recientemente desarrollado por Nielsen y Popiel (2018). Los resultados empíricos del estudio muestran una mayor persistencia de los tipos de cambio en el período posterior a la CFM en todas las monedas. El resultado da crédito a la necesidad de una mayor coordinación entre las autoridades fiscales y monetarias para gestionar adecuadamente los tipos de cambio en el período posterior a la CFM. También encontramos la presencia de propiedades de largo plazo en los tipos de cambio nominales, donde el CVAR es superior al FCVAR para toda la muestra, y el FCVAR es superior al CVAR para los periodos Pre-CFM y Post-CFM, respectivamente.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[C18]]></kwd>
<kwd lng="en"><![CDATA[C51]]></kwd>
<kwd lng="en"><![CDATA[F31]]></kwd>
<kwd lng="en"><![CDATA[G15]]></kwd>
<kwd lng="en"><![CDATA[fractional integration]]></kwd>
<kwd lng="en"><![CDATA[cointegrated VAR]]></kwd>
<kwd lng="en"><![CDATA[exchange rates persistence]]></kwd>
<kwd lng="en"><![CDATA[global financial crisis]]></kwd>
<kwd lng="es"><![CDATA[C18]]></kwd>
<kwd lng="es"><![CDATA[C51]]></kwd>
<kwd lng="es"><![CDATA[F31]]></kwd>
<kwd lng="es"><![CDATA[G15]]></kwd>
<kwd lng="es"><![CDATA[integración fraccional]]></kwd>
<kwd lng="es"><![CDATA[VAR cointegrado]]></kwd>
<kwd lng="es"><![CDATA[persistencia de los tipos de cambio]]></kwd>
<kwd lng="es"><![CDATA[crisis financiera mundial]]></kwd>
</kwd-group>
</article-meta>
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