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Persistent link: https://www.econbiz.de/10001856166
This paper presents a stylized general equilibrium model of the Venezuelan economy. The model explains how the recent sharp fall in oil revenue combines with foreign exchange rationing to produce a steep rise in inflation. Counter intuitively, a devaluation of the official exchange rate could...
Persistent link: https://www.econbiz.de/10012977806
This paper presents a stylized general equilibrium model of the Venezuelan economy. The model explains how the recent sharp fall in oil revenue combines with foreign exchange rationing to produce a steep rise in inflation. Counterintuitively, a devaluation of the official exchange rate could...
Persistent link: https://www.econbiz.de/10011715115
This paper examines the relationship between the official and parallel exchange rates, in three Caribbean countries, Guyana, Jamaica and Trinidad, during the 1985-1993 period using cointegration, Granger causality, and reduced form methods. The official and parallel rates are cointegrated in all...
Persistent link: https://www.econbiz.de/10011609644
This paper examines the relationship between the official and parallel exchange rates, in three Caribbean countries, Guyana, Jamaica and Trinidad, during the 1985-1993 period using cointegration, Granger causality, and reduced form methods. The official and parallel rates are cointegrated in all...
Persistent link: https://www.econbiz.de/10014073818
foreign exchange (“Forex”) regime. In times past, Nigeria has adopted very stringent approach to the regulation of the Forex … (Monitoring and Miscellaneous Provisions) Act (“Forex Act”). The foregoing notwithstanding, the Central Bank of Nigeria (“CBN …”), in recent times, in addressing the depreciation cum devaluation of the Nigeria's currency alongside the recent blow …
Persistent link: https://www.econbiz.de/10012970921
Persistent link: https://www.econbiz.de/10011490152
Persistent link: https://www.econbiz.de/10008771580
Based on a simple model, the paper provides an explanation for illegal oil trade between Nigeria and its neighboring … oil constant. Macroeconomic indicators of Nigeria over the period 1986-1993 appear to support the predictions of the model …
Persistent link: https://www.econbiz.de/10012781617
This paper aims to assess the level of departure of the actual black market rate from its real level. Our finding indicate divergence of the actual black market rate from the real level, ranging from 7% in October 2016 to about 38% in November 2017. This result imply 38% of the foreign exchange...
Persistent link: https://www.econbiz.de/10012930387