Capital Inflows And Exchange Rates In Nigeria
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Capital Inflows And Exchange Rates In Nigeria
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Author : Friday Anetor
language : en
Publisher:
Release Date : 2016
Capital Inflows And Exchange Rates In Nigeria written by Friday Anetor and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
The study examines the relationship between capital inflows and exchange rate for the Nigerian economy between the periods of 1986-2014. A monetary policy indicator such as M2GDP is also introduced in the model. Estimated results show that capital inflows granger cause exchange rate suggesting that capital flows into Nigeria play a significant role in determining real exchange rate. Also, the Granger-causality outcomes have also shown that capital inflows play significant role in determining the extent of financial deepening in the country. Using the vector autoregressive (VAR) approach, findings from the impulse response functions (IRFs) show that capital inflows respond negatively to a shock in real exchange rate. The IRF also reveals that real exchange rate responds positively to an innovation in capital inflows suggesting that when exchange rate rises, the rate of capital inflows to Nigeria also increases. In addition, the outcome from the IRF reveals that capital inflows respond positively to an innovation in M2GDP and also M2GDP responds positively to capital inflows suggesting that the more the financial deepening, the higher the rate of capital inflows. The variance decomposition shows that the determinants of capital inflows in descending order of importance include real exchange rate followed by M2GDP. Also, the variance decomposition reveals that the determinant of real exchange rate in descending order of importance is capital inflows, followed by M2GDP. The study suggests that for Nigeria to experience an improvement in the value of its currency as well as the extent of its financial deepening, conscious efforts should be made to woo capital inflows and one of the ways of attracting foreign capital is to create a favourable economic and social environment.
Dynamic Interaction Between Capital Flows Exchange Rates And Growth
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Author : Chris Ogbechie
language : en
Publisher:
Release Date : 2016
Dynamic Interaction Between Capital Flows Exchange Rates And Growth written by Chris Ogbechie and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
This paper examines the relationship between capital flows, exchange rate, and growth for the Nigerian economy for the periods 1986-2014. Employing the vector autoregressive (VAR) approach, empirical findings from the impulse response reveals that capital inflows respond negatively to changes in exchange rate. Also, the results show that capital inflows react positively to growth suggesting that the higher the economic growth the more the capital inflows. The study also shows that exchange rate response positively to shock in capital inflows suggesting that the more the capital inflows the more the Nigeria currency appreciates. Furthermore, it was found that growth responds positively to shock in capital inflows indicating that the higher the capital inflows the higher the rate of economic growth. The variance decomposition of capital inflows shows that variation in capital inflows is greatly influenced by growth. Also, the variance decomposition of exchange rate suggests that capital inflow plays a significant role in the variation of the exchange rate. Furthermore, the outcome of the study also shows that both the capital inflows and exchange rate produce almost the same influence on economic growth. Finally, employing the Granger causality in determining the causal relationship between the variables, it was found that there is a unidirectional causal relationship between growth and capital inflows in Nigeria. The implication of this study is that government should design and implement policies towards enhancing economic growth to stimulate capital inflow.
Nigeria S Exchange Rate Policy And Management
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Author : Michael I. Obadan
language : en
Publisher:
Release Date : 1993
Nigeria S Exchange Rate Policy And Management written by Michael I. Obadan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Foreign exchange administration categories.
Real Exchange Rates In Nigeria
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Author : Michael I. Obadan
language : en
Publisher:
Release Date : 1994
Real Exchange Rates In Nigeria written by Michael I. Obadan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Foreign exchange rates categories.
Foreign Capital Flows And External Debt
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Author : Michael I. Obadan
language : en
Publisher:
Release Date : 2004
Foreign Capital Flows And External Debt written by Michael I. Obadan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Capital movements categories.
An Econometric Analysis Of Capital Flight From Nigeria
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Author : Akanni O. Lawanson
language : en
Publisher:
Release Date : 2007
An Econometric Analysis Of Capital Flight From Nigeria written by Akanni O. Lawanson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Capital movements categories.
Capital Flight And External Debt In Nigeria
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Author : Simeon Ibidayo Ajayi
language : en
Publisher:
Release Date : 1995
Capital Flight And External Debt In Nigeria written by Simeon Ibidayo Ajayi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Capital movements categories.
An Economic Analysis Of Capital Flight From Nigeria
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Author : Simeon Ibidayo Ajayi
language : en
Publisher: World Bank Publications
Release Date : 1992
An Economic Analysis Of Capital Flight From Nigeria written by Simeon Ibidayo Ajayi and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with categories.
A Comparative Study Of Foreign Exchange Policy Management In Ghana Nigeria And Uganda
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Author : Cletus K. Dordunoo
language : en
Publisher:
Release Date : 1997
A Comparative Study Of Foreign Exchange Policy Management In Ghana Nigeria And Uganda written by Cletus K. Dordunoo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Foreign exchange categories.
Nigeria
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Author : International Monetary Fund. African Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2016-04-08
Nigeria written by International Monetary Fund. African Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-08 with Business & Economics categories.
This paper discusses a few selected issues of the Nigerian economy—options and strategies for a fiscal rule for oil wealth management, enhancing the effectiveness of monetary policy, and recent developments and prospects of capital flow. Despite its diversified economy, Nigeria’s fiscal policy is heavily dependent on the oil sector. This paper explores options for a formalized rule-based approach to setting a “depoliticized” budget oil price. Two boom-and-bust episodes since early 2000 have highlighted the challenges in the current monetary policy framework. Nigeria has also been characterized by sizable capital outflows, which have diminished recently.