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Social and Behavioral Sciences Commons™
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Articles 1 - 10 of 10
Full-Text Articles in Social and Behavioral Sciences
Exchange Rate Targeting In The Presence Of Foreign Debt Obligations, James Staveley-O'Carroll, Olena M. Staveley-O'Carroll
Exchange Rate Targeting In The Presence Of Foreign Debt Obligations, James Staveley-O'Carroll, Olena M. Staveley-O'Carroll
Economics Department Working Papers
We study the impact of foreign debt on the trade-off between the three open economy objectives of a central bank - international risk sharing, the need to facilitate expenditure-switching, and the incentive to tilt international prices to lower the labor effort of domestic households - in a two-country DSGE model with incomplete asset markets and deviations from the purchasing power parity. We find that at low debt levels, a Taylor rule outperforms simple targeting rules. However, the central bank can improve welfare by up to 0.25 percent of consumption via an exchange rate peg when debt-to-GDP ratio reaches 100 percent.
Keynote Address At The Executive Seminar On Exchange Rate Policy And Economic Management In Nigeria, Godwin I. Emefiele
Keynote Address At The Executive Seminar On Exchange Rate Policy And Economic Management In Nigeria, Godwin I. Emefiele
Economic and Financial Review
This is keynote address delivered by the Governor of Central Bank, Godwin I. Emefiele, on the executive seminar on exchange rate policy and economic development- Is there a need for paradigm shift?
Welcome Address At The Executive Seminar On "Exchange Rate Policy And Economic Management", C. Mojekwu
Welcome Address At The Executive Seminar On "Exchange Rate Policy And Economic Management", C. Mojekwu
Economic and Financial Review
This is a welcome address by the Director of Human Resources Department on the 2015 CBN executive seminar jointly organized by the Research and Human Resources Departments.
Special Remarks At The Executive Seminar On Exchange Rate Policy And Economic Management In Nigeria - Is There A Need For Paradigm Shift?, S.O. Alade
Economic and Financial Review
This is a special remark delivered by the Deputy Governor (Economic Policy) during the 23rd edition of the Annual Executive Seminar jointly organized by the Research and Human Resources Departments with the theme: "Exchange rate policy and economic management in Nigeria- Is there need for a paradigm shift?
Exchange Rate Policy And Economic Management: A Theoretical Nexus, Ayodele Jimoh
Exchange Rate Policy And Economic Management: A Theoretical Nexus, Ayodele Jimoh
Economic and Financial Review
This article focused on exchange rate policy and economic management: a theoretical nexus
Determinants Of The Exchange Rate And Policy Implications, Catalina Michelle Tejada
Determinants Of The Exchange Rate And Policy Implications, Catalina Michelle Tejada
Southern African Journal of Policy and Development
No abstract provided.
Challenges Of Exchange Rate Volatility In Economic Management In Nigeria., Charles N.O Mordi
Challenges Of Exchange Rate Volatility In Economic Management In Nigeria., Charles N.O Mordi
Bullion
The motive behind initiating an exchange rate policy, an integral element of monetary policy, is to preserve the value of the domestic currency, maintain favorable external reserves and ensure the realization of price stability in the domestic economy. The pursuance of these goals is to ensure external balance without compromising the need for internal balance and macroeconomic stability. It is important that the monetary authority, in its bid to designing an appropriate and sustainable exchange rate policy framework, addresses issues that are fundamental to the introduction of the policy itself. This paper discussed the challenges of exchange rate volatility management …
The Challenges Of Sustainability Of The Current Exchange Rate Regime In Nigeria., H. T. Sanni
The Challenges Of Sustainability Of The Current Exchange Rate Regime In Nigeria., H. T. Sanni
Bullion
The motive behind initiating an exchange rate policy, an integral element of monetary policy, is to preserve the value of the domestic currency, maintain favorable external reserves and ensure the realization of price stability in the domestic economy. The pursuance of these goals is to ensure external balance without compromising the need for internal balance and macroeconomic stability. In the quest for corrective measures to minimize distortions in the foreign exchange market, the monetary authority initiates the current exchange rate reform. the objective of this paper is to discuss the challenges of sustaining the recently introduced exchange rate regime in …
Overview Of Exchange Rate Management In Nigeria., Mike I. Obadan
Overview Of Exchange Rate Management In Nigeria., Mike I. Obadan
Bullion
The exchange rate is a key macroeconomic variable in the context of general economic policy making, and of economic reform programmes, in particular. It is a very important price which governments take very active interest in. However, two concepts of exchange rate are commonly distinguished: nominal exchange rate and real exchange rate. - The nominal exchange rate (NER) is a monetary concept which measures the relative price of two moneys or currencies, e.g., Naira in relation to the U. S dollar. - But the real exchange rate (RER), as the name implies, is a real concept that measures the relative …
A New (And Old) Macroeconomic Policy Framework, Lok Sang Ho
A New (And Old) Macroeconomic Policy Framework, Lok Sang Ho
Centre for Public Policy Studies : CPPS Working Paper Series
This paper proposes a framework built on the simple Keynesian Cross but recommends a non-Keynesian fiscal monetary policy mix. A fiscal policy conditions index and a monetary conditions index are proposed, to be compared to the full employment compatible fiscal and monetary conditions. Fiscal policy should be inert throughout the different phases of the business cycle while monetary policy should adjust to the changing conditions in order to maintain full employment without overheating. The slightly different policy considerations for bigger and for smaller economies are discussed.