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Full-Text Articles in Social and Behavioral Sciences
Devaluation And Balance Of Payments In Ecowas Countries: A Study Of Nigeria's Exchange Rate Policy, C. C. Ozumba
Devaluation And Balance Of Payments In Ecowas Countries: A Study Of Nigeria's Exchange Rate Policy, C. C. Ozumba
Economic and Financial Review
The purpose of this paper is to review Nigeria's exchange rate policy as outlined above, and in doing so, one finds it compelling, and hopefully rewarding, to take a general look at the exchange rate policies in selected African countries, focusing particularly on the effects of devaluation on balance of payments. Accordingly, the paper first presents an analytical framework in which a monetary approach is considered most useful. The next section introduces a simplified monetary model. Following that, there is a discussion of statistical testing and results. The final section considers the implications for policy in Nigeria, appraising in some …
The Determinants And Control Of Money Stock In Nigeria, E. O. Akinnifesi, Toyin Phillips
The Determinants And Control Of Money Stock In Nigeria, E. O. Akinnifesi, Toyin Phillips
Economic and Financial Review
The paper is divided into five sections. Section I reviews Central Bank's monetary control measures as adopted since 1959 thus highlighting the successes and limitations of the Policy instruments. Section II presents a brief review of the controversy between the "monetarists" and the " fiscalists" so as to provide some theoretical underpinnings for this study, while Section III actually deals with the specifications of the behavioural functions. The empirical results are presented in Section IV and the last section summarises the findings and the conclusions thereupon.