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An Examination Of The Structural Inflation Dynamics In Nigeria, O. J. Odonye, S. O. Odeniran, A. O. Oduyemi, O. J. Olaoye, K. J. Ajayi
An Examination Of The Structural Inflation Dynamics In Nigeria, O. J. Odonye, S. O. Odeniran, A. O. Oduyemi, O. J. Olaoye, K. J. Ajayi
Economic and Financial Review
This study examines the dynamics of inflation in Nigeria, including the structural evolution as well as the direction of its movement with a view to designing appropriate policy measures to rein in the inflationary pressures. The study utilized quarterly data from 1970(1) to 2013 (4) except for Bureau de Change (BDC) premium where the duration was 1991(1) to 2013 (4) based on Auto Regressive Distributed Lag (ARDL) model. The results show that structural factors like budget deficit, rainfall, variation in export, exchange rate premium have profound influence on movement in CPI in Nigeria during the period.
Matthew Higgins And Thomas Klitgaard's Reserve Accumulation: Implications For Global Capital Flows And Financial Market; Current Issues In Economics And Finance: Federal Reserve Bank Of New York, September/October 2004: A Review., P. I. Nwaoba
Economic and Financial Review
The paper examines the accumulation of foreign currency reserve assets and explores its implications for monetary policy, global financial markets and the U.S. economy. It reveals an upward surge in Central Bank holdings of foreign currency assets or foreign exchange reserves in recent years, particularly in foreign government securities. The paper notes that most of the recent reserve purchases were made by Japan and other emerging Asia countries. Similarly, the scale of the purchases made their central banks key players in setting the pattern of capital flows across countries. The authors state that holdings of foreign assets have doubled since …
The Challenges Of The Year 2000 And Beyond For Central Banks, E.A. Ajayi
The Challenges Of The Year 2000 And Beyond For Central Banks, E.A. Ajayi
Economic and Financial Review
The article highlighted the challenges which may confront central banks in the discharge of their inter-dependent responsibilities as they go into the next millennium and the 21st century rolls along.
The Role Of Central Banks In Economic Development., S. L. Ajayi
The Role Of Central Banks In Economic Development., S. L. Ajayi
Economic and Financial Review
The study examines the role of central banks in economic growth and development of a country and was more specific in the roles the Central Bank of Nigeria has played in the economic growth and economic development of Nigeria.
Central Bank Autonomy: Historical And General Perspective., S. B. Falegan
Central Bank Autonomy: Historical And General Perspective., S. B. Falegan
Economic and Financial Review
The issue of central bank autonomy is as old as central banking. This paper further reinforces the view that the debate is a continuous one, particularly in the present circumstance of the Central Bank of Nigeria's history. Central bank autonomy is often discussed in the context of the functions it performs. Some of the functions are statutory, non-statutory and developmental. Usually such functions include serving as fiscal agent to the government, lender of last resort for private financial institutions during emergencies, and a regulator and supervisor of the financial system. As the principal public sector agency charged with the execution …
Relationship Between Central Banks And International Financial Institutions., C. U. Omamogho
Relationship Between Central Banks And International Financial Institutions., C. U. Omamogho
Economic and Financial Review
Financial institutions are intermediaries that mobilise and channel funds from surplus savers and make them available to borrowers. In the same way, the International Financial Institutions (IFIs) may be defined as those multinational financial organisations which provide financial intermediation between surplus institutions/countries and deficit institutions/countries. For ease of discussion, the author's typology of IFIs will cover only global financial institutions, with particular reference to the Bretton Wood System. This is underpinned by the fact that the Bretton Woods institutions have become the dominant actors and at the epicenter of the international financial system since the end of the Second World …
The Role Of The Central Bank In The Nigerian Economy, Paul A. Ogwuma
The Role Of The Central Bank In The Nigerian Economy, Paul A. Ogwuma
Economic and Financial Review
The paper focus on the role of the Central Bank in the Nigerian economy with a view to highlighting the Bank's responsibilities and its contributions within the broad context of macroeconomic management in the country.
The Role Of A Central Bank In An Economy, O.O. Vincent
The Role Of A Central Bank In An Economy, O.O. Vincent
Economic and Financial Review
The paper seeks to spell out the origin, nature and importance of central banking in the market-oriented economies.