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Central Bank of Nigeria

Journal

2006

Capital account

Articles 1 - 6 of 6

Full-Text Articles in Social and Behavioral Sciences

Capital Account Liberalization: What Options For Developing Economies, Biodun Adedipe Dec 2006

Capital Account Liberalization: What Options For Developing Economies, Biodun Adedipe

Economic and Financial Review

This paper deals with some basic facts about Capital Account Liberalization, Liberalization Experiences, problems and prospects, policy options and recommendations.


Capital Account Liberalization: Experience From The Emerging Market Economies, Mike I. Obadan Dec 2006

Capital Account Liberalization: Experience From The Emerging Market Economies, Mike I. Obadan

Economic and Financial Review

The liberalization of the capital account of the balance of payments is rooted in economic theory and is said, can help to bridge savings and foreign exchange gaps in national economics thereby promoting national growth. In the light of the foregoing, this paper explores the experiences of the developing countries in particular, the emerging market economies, in capital account liberalization.


Capital Account Liberalization In Nigeria: Problems And Prospects, Ayodele F. Odusola Dec 2006

Capital Account Liberalization In Nigeria: Problems And Prospects, Ayodele F. Odusola

Economic and Financial Review

Capital Account is one of the lynchpins of globalization and it is often seen as an inevitable path to economic development for developing countries. This is based on the premise that liberalizing capital account would permit financial resources to flow from capital abundant countries to capital scarce countries. This paper examines the problems, prospects and challenges of foreign private capital flows in Nigeria.


Capital Account Liberalization: The Ecowas Experience, M.O. Ojo Dec 2006

Capital Account Liberalization: The Ecowas Experience, M.O. Ojo

Economic and Financial Review

Capital account liberalization can enhance economic growth and development through access to foreign savings for domestic investment, improvement in the efficiency of resources allocation for greater competitiveness in the global economy. The paper focuses on the status of Capital account liberalization in the ECOWAS region and the policy measures that could be adopted.


Capital Account Liberalization: The Way Forward For Nigeria, Sam Omoruyi Dec 2006

Capital Account Liberalization: The Way Forward For Nigeria, Sam Omoruyi

Economic and Financial Review

Capital account liberalization is a complex and multifaceted issue, which if not properly addressed could increase the risks of a crisis in a country with serious negative consequences for the real sector. The purpose of this paper is to dwell in some detail on capital account liberalization, emphasizing the preconditions for tits safe implementation, the degree and sequencing of implementation, effects of capital account liberalization, noting costs and the way forward to its effective administration in Nigeria.


Capital Account Liberalization: Reflections On Theory And Policy, Obadiah Mailafia Dec 2006

Capital Account Liberalization: Reflections On Theory And Policy, Obadiah Mailafia

Economic and Financial Review

Developing countries as well as other member countries of the IMF have been encouraged to open up to foreign capital flows through the liberalization of their capital account transactions. Capital account liberalization is embedded in international standards and codes as best practice necessary for developing countries engaging in inter-governmental and non-governmental international relations. It also represents the systemic removal of administrative and legal controls on international capital transactions.