Exchange Rate Fluctuations Interest Rate Instability And Manufacturing Sector Output In Nigeria 1986 2017
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Exchange Rate Fluctuations Interest Rate Instability And Manufacturing Sector Output In Nigeria 1986 2017
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Author : Daniel Chibueze Onyejiuwa
language : de
Publisher: GRIN Verlag
Release Date : 2020-09-23
Exchange Rate Fluctuations Interest Rate Instability And Manufacturing Sector Output In Nigeria 1986 2017 written by Daniel Chibueze Onyejiuwa and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-09-23 with Business & Economics categories.
Doktorarbeit / Dissertation aus dem Jahr 2019 im Fachbereich VWL - Außenhandelstheorie, Außenhandelspolitik, Obafemi Awolowo University, Sprache: Deutsch, Abstract: The study appraises different interest rate policies, exchange rate regimes and manufacturing sector in Nigeria from 1986 to 2017 and determines the effect of interest rate and exchange rate interaction on manufacturing sector output. It investigates the dynamic effects of exchange rate fluctuations and interest rate instability on manufacturing sector output, examines the response of manufacturing sector output to shocks from exchange rate fluctuations and interest rate instability. It also determines the threshold levels of exchange rate and interest rate that will spur manufacturing sector output in Nigeria. These are with a view to examining the relationship among exchange rate fluctuations, interest rate instability and manufacturing sector output in Nigeria. The study uses secondary data. Annual data from 1986 to 2017 on manufacturing sector output, exchange rate, interest rates, gross fixed capital formation, credit to manufacturing sector, real GDP per capita, agricultural sector output, construction sector output, trade sector output, service sector output, tax revenue, inflation rate and trade openness are obtained from the Central Bank of Nigeria Statistical Bulletin of various years and World Development Indicators of various years, published by World Bank. The data collected is analysed using tables, graphs, Fully Modified Ordinary Least Square estimator, Autoregressive Distributed Lag model, Vector Autoregressive model and Sarel Threshold model to achieve the stated objectives. The study concludes that exchange rate fluctuations and interest rate instabilty dampened manufacturing sector output in Nigeria.
Forecasting Economic Time Series
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Author : C. W. J. Granger
language : en
Publisher: Academic Press
Release Date : 2014-05-10
Forecasting Economic Time Series written by C. W. J. Granger and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-10 with Business & Economics categories.
Economic Theory, Econometrics, and Mathematical Economics, Second Edition: Forecasting Economic Time Series presents the developments in time series analysis and forecasting theory and practice. This book discusses the application of time series procedures in mainstream economic theory and econometric model building. Organized into 10 chapters, this edition begins with an overview of the problem of dealing with time series possessing a deterministic seasonal component. This text then provides a description of time series in terms of models known as the time-domain approach. Other chapters consider an alternative approach, known as spectral or frequency-domain analysis, that often provides useful insights into the properties of a series. This book discusses as well a unified approach to the fitting of linear models to a given time series. The final chapter deals with the main advantage of having a Gaussian series wherein the optimal single series, least-squares forecast will be a linear forecast. This book is a valuable resource for economists.
Global Waves Of Debt
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Author : M. Ayhan Kose
language : en
Publisher: World Bank Publications
Release Date : 2021-03-03
Global Waves Of Debt written by M. Ayhan Kose 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 2021-03-03 with Business & Economics categories.
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Exchange Rate Dynamics
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Author : Martin D. D. Evans
language : en
Publisher: Princeton University Press
Release Date : 2011-03-14
Exchange Rate Dynamics written by Martin D. D. Evans and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-03-14 with Business & Economics categories.
A comprehensive and in-depth look at exchange-rate dynamics Variations in the foreign exchange market influence all aspects of the world economy, and understanding these dynamics is one of the great challenges of international economics. This book provides a new, comprehensive, and in-depth examination of the standard theories and latest research in exchange-rate economics. Covering a vast swath of theoretical and empirical work, the book explores established theories of exchange-rate determination using macroeconomic fundamentals, and presents unique microbased approaches that combine the insights of microstructure models with the macroeconomic forces driving currency trading. Macroeconomic models have long assumed that agents—households, firms, financial institutions, and central banks—all have the same information about the structure of the economy and therefore hold the same expectations and uncertainties regarding foreign currency returns. Microbased models, however, look at how heterogeneous information influences the trading decisions of agents and becomes embedded in exchange rates. Replicating key features of actual currency markets, these microbased models generate a rich array of empirical predictions concerning trading patterns and exchange-rate dynamics that are strongly supported by data. The models also show how changing macroeconomic conditions exert an influence on short-term exchange-rate dynamics via their impact on currency trading. Designed for graduate courses in international macroeconomics, international finance, and finance, and as a go-to reference for researchers in international economics, Exchange-Rate Dynamics guides readers through a range of literature on exchange-rate determination, offering fresh insights for further reading and research. Comprehensive and in-depth examination of the latest research in exchange-rate economics Outlines theoretical and empirical research across the spectrum of modeling approaches Presents new results on the importance of currency trading in exchange-rate determination Provides new perspectives on long-standing puzzles in exchange-rate economics End-of-chapter questions cement key ideas
Structural Change Fundamentals And Growth A Framework And Case Studies
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Author : McMillan, Margaret
language : en
Publisher: Intl Food Policy Res Inst
Release Date : 2017-05-11
Structural Change Fundamentals And Growth A Framework And Case Studies written by McMillan, Margaret and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-05-11 with Political Science categories.
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.
Financial Integration And Macroeconomic Volatility
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Author : Mr.Ayhan Kose
language : en
Publisher: International Monetary Fund
Release Date : 2003-03-01
Financial Integration And Macroeconomic Volatility written by Mr.Ayhan Kose 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 2003-03-01 with Business & Economics categories.
This paper examines the impact of international financial integration on macroeconomic volatility in a large group of industrial and developing economies over the period 1960-99. We report two major results: First, while the volatility of output growth has, on average, declined in the 1990s relative to the three preceding decades, we also document that, on average, the volatility of consumption growth relative to that of income growth has increased for more financially integrated developing economies in the 1990s. Second, increasing financial openness is associated with rising relative volatility of consumption, but only up to a certain threshold. The benefits of financial integration in terms of improved risk-sharing and consumption-smoothing possibilities appear to accrue only beyond this threshold.
Inflation In Emerging And Developing Economies
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Author : Jongrim Ha
language : en
Publisher: World Bank Publications
Release Date : 2019-02-24
Inflation In Emerging And Developing Economies written by Jongrim Ha 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 2019-02-24 with Business & Economics categories.
This is the first comprehensive study in the context of EMDEs that covers, in one consistent framework, the evolution and global and domestic drivers of inflation, the role of expectations, exchange rate pass-through and policy implications. In addition, the report analyzes inflation and monetary policy related challenges in LICs. The report documents three major findings: In First, EMDE disinflation over the past four decades was to a significant degree a result of favorable external developments, pointing to the risk of rising EMDE inflation if global inflation were to increase. In particular, the decline in EMDE inflation has been supported by broad-based global disinflation amid rapid international trade and financial integration and the disruption caused by the global financial crisis. While domestic factors continue to be the main drivers of short-term movements in EMDE inflation, the role of global factors has risen by one-half between the 1970s and the 2000s. On average, global shocks, especially oil price swings and global demand shocks have accounted for more than one-quarter of domestic inflation variatio--and more in countries with stronger global linkages and greater reliance on commodity imports. In LICs, global food and energy price shocks accounted for another 12 percent of core inflation variatio--half more than in advanced economies and one-fifth more than in non-LIC EMDEs. Second, inflation expectations continue to be less well-anchored in EMDEs than in advanced economies, although a move to inflation targeting and better fiscal frameworks has helped strengthen monetary policy credibility. Lower monetary policy credibility and exchange rate flexibility have also been associated with higher pass-through of exchange rate shocks into domestic inflation in the event of global shocks, which have accounted for half of EMDE exchange rate variation. Third, in part because of poorly anchored inflation expectations, the transmission of global commodity price shocks to domestic LIC inflation (combined with unintended consequences of other government policies) can have material implications for poverty: the global food price spikes in 2010-11 tipped roughly 8 million people into poverty.
Policies To Support The Development Of Indonesia S Manufacturing Sector During 2020 2024
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Author :
language : en
Publisher: Asian Development Bank
Release Date : 2019-01-01
Policies To Support The Development Of Indonesia S Manufacturing Sector During 2020 2024 written by and has been published by Asian Development Bank this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-01-01 with Business & Economics categories.
Indonesia's gross domestic product growth rate declined significantly after the Asian financial crisis (AFC) of 1997–1998. The country's potential and balance-of-payments growth rates are only about 5.5% and 3%, respectively. One important reason is that the country's industrialization pace declined after the AFC. Today, Indonesia is still exporting many unprocessed natural resources and simple manufactures (not complex products) with a low income elasticity of demand. This report analyzes how Indonesia's manufacturing sector could diversify and upgrade during 2020–2024 and beyond. This is essential if Indonesia is to attain upper middle-income status as soon as possible. Policy makers and the private sector need to collaborate to identify the coordination failures that hamper the discovery of those products that Indonesia could successfully produce and export. These must be complex products with a high income elasticity of demand. The report proposes a number of policies to expedite this process.
Macroeconomic Policy Issues In An Open Developing Economy
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Author : Akin Iwayemi
language : en
Publisher:
Release Date : 1995
Macroeconomic Policy Issues In An Open Developing Economy written by Akin Iwayemi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Macroeconomics categories.