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This study investigates the presence of currency substitution in eight African countries- Egypt, Morocco, Nigeria, Ghana, Kenya, South Africa, Tunisia and Zambia- for the period 1976 to 2005 using both regional and US dollar as anchor currencies. We find that currency substitution is prevalent in Ghana and Nigeria when CFA franc is used as an anchor currency. However, when US dollar is used as an anchor currency there is no evidence of currency substitution in Ghana but we still observe the presence of currency substitution in Nigeria. Also we find presence of currency substitution in South Africa but not in Egypt when the US dollar is the anchor currency. For Kenya, Tunisia and Zambia there is no evidence of currency substitution irrespective of the anchor currencies considered. In the case of Morocco, we observe no evidence of currency substitution when the Egyptian pound is used as anchor currency but there is weak evidence of currency substitution when the US dollar is considered.
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SIMILAR ACCOUNTING FINAL YEAR PROJECT RESEARCH TOPICS
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1. PETROLEUM PROFIT TAX AND CAPITAL EXPENDITURE OF THE NIGERIAN ECONOMY ( A CASE STUDY OF LAGOS STATE)
» CHAPTER ONE INTRODUCTION 1.0 BACKGROUND OF STUDY For the development and growth of any economy, the provision of basic infrastructure is quite necessa...Continue Reading »Item Type & Format: Project Material - Ms Word | 73 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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2. THE EXTENT OF USE OF INSTRUCTIONAL MATERIALS FOR EFFECTIVE TEACHING-LEARNING OF ENGLISH LANGUAGE IN JUNIOR SECONDARY SCHOOL (A CASE STUDY OF ENUGU SOU...
» ABSTRACT The objective of this research work was to find out the problems and prospects of teaching English Language in Secondary Schools in Enugu Sou...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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3. THE IMPACT OF PUBLIC SECTOR ACCOUNTING IN NIGERIA FINANCIAL CONTROL SYSTEM
» ABSTRACT This research was aimed at finding out the impact of public sector accounting in Nigeria financial control system using Esan south east local...Continue Reading »Item Type & Format: Project Material - Ms Word | 68 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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4. PROPERTY TAX ASSESSMENT ON RESIDENTIAL PROPERTIES IN IMO STATE
» CHAPTER ONE INTRODUCTION 1.1 Background of the Research Property taxation is one of the major source of revenue in Nigeria especially in local governm...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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5. IMPACT OF PUBLIC PROCUREMENT ACT ON THE ACCOUNTABILITY OF PROCUREMENT OFFICERS IN THE PUBLIC SECTORS
» CHAPTER ONE INTRODUCTION 1.1 Background to the Study This study intends to shed more light on the impact of public procurement act on the accountabili...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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6. THE FUNCTION OF ACCOUNTING INFORMATION IN DECISION MAKING IN BUSINESS ORGANISATION (A CASE STUDY OF FIRST BANK PLC, ONITSHA)
» CHAPTER ONE INTRODUCTION 1.01 GENERAL DESCRIPTION OF THE AREA OF STUDY Accounting is a very interesting course and accountants are well placed in the ...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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7. THE CONCEPT OF STATE RECOGNITION UNDER INTERNATIONAL LAW
» ABSTRACT State recognition is one of the oldest practice in international relations, and one of the most vexed concepts in international law since the...Continue Reading »Item Type & Format: Project Material - Ms Word | 142 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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8. BUDGETARY CONTROL: AN INDISPENSABLE TOOL FOR EFFECTIVE PERFORMANCE OF AN ORGANISATION (A CASE STUDY OF BETA GLASS PLC, UGHELLI)
» CHAPTER ONE INTRODUCTION 1.1 Background of the Study There are varied and diverse organisations that exist. They include social, political and economi...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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9. “FINANCIAL ACCOUNTING: A PANACEA ON THE CORPORATE PERFORMANCE OF BUSINESS ORGANIZATIONS:
» INTRODUCTION 1.1 BACKGROUND OF THE STUDY The impact of financial reporting on the corporate performance of a business organization is becoming more ap...Continue Reading »Item Type & Format: Project Material - Ms Word | 67 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
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10. EFFECT OF ACCOUNTING INFORMATION ON DECISION MAKING PROCESS
» ABSTRACT The paper examined the effect of accounting information on decision making process, with a particular reference to the Nigerian breweries plc...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT