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The Role Of Central Banks In Capital Market Development: The Nigerian Experience., Alhaji A. Ahmed

Bullion

Central banks, especially in Third World countries, play a major role in the growth and development process. Although the structures, functions and powers of central bank vary from country to country, depending on the economic, political, social and other environmental realities prevailing in society, the primary role of any central bank is the promotion of monetary stability and a sound financial system. In performing this role, a central bank necessarily undertakes some functions which include the issue of legal tender currency, maintenance of the value of the national currency, enhancement of funds mobilization, facilitation of competitive efficiency among banks and …

The Role Of Regulatory Bodies In Capital Market Development: The Nigerian Experience., George Akamiokhor

Bullion

This paper examined the need for capital market regulation which is motivated by the desire to protect the investing public from malpractices, instil confidence in the system and ensure financial market and economic stability which are pivotal to economic growth and development. History has shown that inadequate or absence of regulation is detrimental to the capital market as it encourages sharp practices by participants. Regulatory agencies are therefore necessary to police activities in the market with the aim of preventing or minimizing abuses which might mar investors’ confidence, the market's integrity and stability. As financial markets get liberalized, market participants …

International Financial Operations In Nigeria’S Export Processing Zones (Epzs), A. P. Awoseyila

Bullion

Since the inception of SAP, the Federal Government has introduced many far reaching economic and financial measures aimed at promoting non-oil exports. Such measures include the promulgation of the incentives and Miscellaneous Provisions Decree, No. 18 of 11th July, 1986, the establishment of the Nigerian Export Import Bank (NEXIM) to provide different funds and financial assistance to exporters, the introduction of the Nigeria Economic Reconstruction Fund (NERFUND), the setting up of Small and Medium Scale Enterprises Fund (SMEs Fund) and the deregulation of the Foreign Exchange Market (FEM) which has resulted in significant depreciation of the naira exchange rate. The …

Access To Credit: The Case For Rural Women., E. B. I. Oladunni

Bullion

The alleviation of poverty has generally been the cornerstone of economic policy in Nigeria. Past policies have been pursued with the sole objective of improving the living standards of the people through enhanced income and generation of employment opportunities. Despite all machineries put in place, most of the women folk have not benefited because of some endemic socio-cultural problems affecting the women. This paper highlights the need for credit, conditions for attracting credit especially for rural women and the policies that can provide the right atmosphere for access to credit by rural women for sustainable development.

Why Fiscal Policies Matter In African Countries, M. O. Ojo, T. O. Okunrounmu

Economic and Financial Review

The paper discusses the critical role of fiscal policy in developing African economies. While it is accepted that fiscal management is one of the important functions of a modern state, the nature of the fiscal management in a specific environment determines, to a large extent, the overall effect of such intervention. The Nigerian experience indicates a very narrow revenue base that could not withstand the weight of public expenditure and investment.

Developments In The Insurance Industry In Nigeria In 1990, Central Bank Of Nigeria Cbn

Economic and Financial Review

While the number of insurance companies operating in the Nigerian economy increased in 1990, both income and expenditure of the companies rose during the same period. The report revealed that the growth rate of income in the industry exceeded the expenditure rate, as the income to expenditure ratio rose from 1.59 to 1.81 between 1989 and 1990.

Contributors: Vol 15 No. 4, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies

Pacific Studies

Contributors list of Vol. 15 (1992): Pacific Studies Full Issue 4

Vol. 15 No. 4 (1992): Pacific Studies Full Issue, The Jonathan Nāpela Center For Hawaiian And Pacific Islands Studies

Pacific Studies

Pacific Studies is published two times a year by The Jonathan Nāpela Center for Hawaiian and Pacific Studies, Brigham Young University Hawai‘i #1979, 55–220 Kulanui Street, Lāʻie, Hawai‘i 96762, but responsibility for opinions expressed in the articles rests with the authors alone. Subscription rate is US$40.00 yearly, payable to The Jonathan Nāpela Center for Hawaiian and Pacific Studies. The Jonathan Nāpela Center for Hawaiian and Pacific Studies (formerly The Pacific Institute) is an organization funded by Brigham Young University Hawai‘i. The Center assists the University in meeting its cultural and educational goals by undertaking a program of teaching, research, and …

Rhonda Williams, Anwar Shaikh Phd

Archives of Anwar Shaikh

• Collection includes a memo from Anwar Shaikh to Alan Wolfe recommending the appointment of Rhonda Williams to the department (December 10, 1992).

• Response letter to Professor Shaikh from Professor Alan Wolfe.

• Letter from Dean Friedlander expressing support for Rhonda Williams and Patrick Mason.

• Curriculum vitae of Rhonda Williams.

• Syllabus for Economics 461B, titled The Political Economy of Gender and Work, taught by Rhonda Williams (Spring 1987).

• Letter from Steven Shulman to Anwar Shaikh regarding a letter of recommendation for Rhonda Williams (November 30, 1992).

• Letter to Professor Shaikh from Williams Darity recommending Rhonda Williams (November 25, 1992).

• Letter of …

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Book Review: Eisenhower And The Management Of Prosperity By John W. Sloan, Ann Mari May

Department of Economics: Faculty Publications

Twenty-five years ago, Dwight Eisenhower was often depicted as a president with no great competence nor interest in economics or domestic policy issues. However, as those interested in presidential studies know, Eisenhower has been posthumously rehabilitated.

The revisionist literature on Eisenhower is now becoming complete, and John Sloan's book Eisenhower and the Management of Prosperity reflects this revisionism by examining economic policy formation in the 1950s. In Sloan's book, we see an Eisenhower who was not only competent in economics, but was also very aware of the political ramifications of economic policy. We also see in Eisenhower's leadership style a …

The Shifting Roles Of Business And Government In The World Economy, Murray L. Weidenbaum

Murray Weidenbaum Publications

With the changing global marketplace, business firms, governments, and the consumer need to be able to understand and adapt to changing economic and technological trends in order to benefit.

Hyper-Consistent Estimation Of A Unit Root In Time Series Regression, Peter C.B. Phillips

Cowles Foundation Discussion Papers

It is shown that the fully modified ordinary least squares (FM-OLS) estimator of a unit root in time series regression is T 3 /2 -consistent. Relative to FM-OLS, therefore, the least squares and maximum likelihood estimators are infinitely deficient asymptotically. Simulations show that this dominance of FM-OLS persists even in small samples.

The Policy Response Of Agriculture, Leyla Abdu Prahim Hashim

Archived Theses and Dissertations

No abstract provided.

New Mexico Labor Market Review 11-30-1992, New Mexico Department Of Labor

Historic Publications

This issue of the New Mexico Labor Market Review presents October 1992 employment, unemployment, wage, and economic activity data for New Mexico, its counties, and metropolitan areas.

Is Publicly Funded Research In Agriculture Still Needed?; Grain Price Outlook, Donald Peterson, Richard Shane

Economics Commentator (1972- 2016)

No abstract provided.

The Meaning Of Clinton's Victory, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Prepared for Presentation at Libero Instituto Universitario Carlo Cattaneo, Castellanza, Italy, Nov. 17, 1992.

Some Dynamics Of A Strategic Market Game With A Large Number Of Agents, John M. Miller, Martin Shubik

Cowles Foundation Discussion Papers

This paper is designed to combine the game theoretic investigation of the static or equilibrium properties of large strategic market games together with the investigation of some very simple dynamics, which nevertheless are sufficient to show differences between two related games, one in which both borrowing and trade take place. The role of banking reserves emerges as relevant and sensitive to the transient state dynamics. Several 100,000 player games are simulated and the behavior is constructed with the analytical prediction for the games with a continuum of agents.

Child Care And The Employment Behavior Of Single And Married Mothers, Jean Kimmel

Upjohn Institute Working Papers

This paper examines the relationship between the cost of child care and the employment behavior of married and single mothers. The data used in this paper are from the 1987 SIPP, the first SIPP panel to utilize an improved probing of child care usage and expenditures. A primary contribution of this paper stems from the use of these improved child care data. A second contribution is to provide a clear comparison between single mothers and married mothers. A third contribution of this paper is its detailed discussion of participation elasticities, with a comparison of elasticities derived from different measures of …

Employer Training Needs In Hawaii: Summary Report, Stephen A. Woodbury, University Of Hawaii At Manoa, Industrial Relations Center

Upjohn Institute Working Papers

The Survey of Employer Training Needs in Hawaii was undertaken to gather information and data on the needs and preferences of employers in Hawaii regarding government assistance with training. The need for such information was created by passage of Act 68, Session Laws of Hawaii 1991, which created the Hawaii Employment and Training Fund "to assist employers and workers through innovative programs to include, but not be limited to, business-specific training, upgrade training, new occupational skills, management skills, and support services to improve the long-term employability of Hawaii's people."

A Preview Of Clintonomics, Murray L. Weidenbaum

Murray Weidenbaum Publications

This paper is an assessment of the key economic and business actions that the Clinton Administration will focus on.

Urban Growth Trends_November 1992, University Of New Mexico Bureau Of Business And Economic Research

Historic Publications

URBAN GROWTH TRENDS FROM 1980 TO 1990 FOR THE CITY OF ALBUQUERQUE PLANNING DEPARTMENT.

The Complex Of Maximal Lattice Free Simplices, Imre Bárány, Roger Howe, Herbert E. Scarf

Cowles Foundation Discussion Papers

The simplicial complex K ( A ) is defined to be the collection of simplices, and their proper subsimplices, representing maximal lattice free bodies of the form { x : Ax < b }, with A a fixed ( n + 1) × n matrix. The topological space associated with K ( A ) is shown to be homeomorphic to R n , and the space obtained by identifying lattice translates of these simplices is homeomorphic to the n -torus.

The Large Sample Correspondence Between Classical Hypothesis Tests And Bayesian Posterior Odds Tests, Donald W.K. Andrews

Cowles Foundation Discussion Papers

This paper establishes a correspondence in large samples between classical hypothesis tests and Bayesian posterior odds tests for models without trends. More specifically, tests of point null hypotheses and one- or two-sided alternatives are considered (where nuisance parameters may be present under both hypotheses). It is shown that for certain priors the Bayesian posterior odds test is equivalent in large samples to classical Wald, Lagrange multiplier, and likelihood ratio tests for some significance level and vice versa.

Measuring Asset Values For Cash Settlement In Derivative Markets: Hedonic Repeated Measures Indices And Perpetual Futures, Robert J. Shiller

Cowles Foundation Discussion Papers

Two proposals are made that may facilitate the creation of derivative market instruments, such as futures contracts, cash-settled based on economic indices. The first proposal concerns index number construction: indices based on infrequent measurements of nonstandardized items may control for quality change by using a hedonic repeated measures method, an index number construction method that follows individual assets or subjects through time and also takes account of measured quality variables. The second proposal is to establish markets for perpetual claims on cash flows matching indices of dividends or rents. Such markets may help us to measure the prices of the …

Some Exact Distribution Theory For Maximum Likelihood Estimators Of Cointegrating Coefficients In Error Correction Models, Peter C.B. Phillips

Cowles Foundation Discussion Papers

This paper derives some exact finite sample distributions and characterizes the tail behavior of maximum likelihood estimators of the cointegrating coefficients in error correction models. It is shown that the reduced rank regression estimator has a distribution with Cauchy-like tails and no finite moments of integer order. The maximum likelihood estimator of the coefficients in a particular triangular system representation is studied and shown to have matrix t -distribution tails with finite integer moments to order T - n + r where T is the sample size, n is the total number of variables in the system and r is …

South Africa In Southern Africa, Mariam Sayed Ahmed

Archived Theses and Dissertations

No abstract provided.

Urban Growth Trends: 1980-1990, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

A report made by the University of New Mexico's Bureau of Business and Economic Research for the City of Albuquerque for population trends experienced during the period of 1980-1990.

The Census In New Mexico, Volume Ii: Changes In The Age And Sex Composition Of Counties Between 1980 And 1990, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This volume examines changes in the age and sex composition of New Mexico’s population between the 1980 and 1990 censuses at the state, regional, and county levels. Using demographic profiles, dependency ratios, migration analyses, and population pyramids, the report documents how economic conditions, migration patterns, and population aging reshaped New Mexico during the 1980s.

The Census In New Mexico Volume Ii: Changes In The Age And Sex Composition Of Counties Between 1980 And 1990, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This demographic study analyzes shifts in New Mexico’s age and sex composition from 1980 to 1990, highlighting regional and county-level population trends, migration patterns, and demographic aging. The publication provides detailed statistical tables and interpretive analysis to support planning, policy development, and understanding of population change throughout the state.

New Mexico Labor Market Review 10-30-1992, New Mexico Department Of Labor

Historic Publications

The New Mexico Labor Market Review is a monthly publication presenting statistical data and analysis on labor market conditions throughout New Mexico. Issues examine statewide and regional trends in employment, unemployment, labor force estimates, industry activity, wages, occupational demand, and related economic conditions, often accompanied by feature articles on topics affecting the state’s economy. This issue covers September 1992.