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This paper studies the role of collateral constraints in transforming small monetary shocks into large persistent output fluctuations. We do this by introducing money in the heterogeneous-agent real economy of Kiyotaki and Moore (1997). Money enters in a cash-in-advance constraint and is...
Persistent link: https://www.econbiz.de/10005126270
The primary purpose of this article is to investigate the relationship between bank capital and credit risk taking in emerging market economies. We also investigate the influence of several regulatory, institutional and legal features on the relationship between risk and capital. We apply a...
Persistent link: https://www.econbiz.de/10005076943
NIGERIA WITH RESPECT TO EFFICIENCY AND WELFARE. IT FOCUSES ON ANALYSING STANDARDIZATION PROBLEMS, PRICING RULES AND ENTRY …
Persistent link: https://www.econbiz.de/10005407756
ACCELERATE THE SUBSTANTIAL HEALTH GAINS OF RECENT DECADES, ESPECIALLY FOR THE POOR IN AFRICAN COUNTRIES SUCH AS NIGERIA, THE …
Persistent link: https://www.econbiz.de/10005408428
STATE OF THE NIGERIA'S OIL POLICY IN THE 1970S/80S. THIS PAPER THEREFORE ARGUES THAT IN THE OIL POLICY FORMULATION PROCESS …
Persistent link: https://www.econbiz.de/10005412462
COAL WAS DISCOVERED IN NIGERIA IN 1909 AND COAL MINING STARTED WITH A DRIFT MINE AT OGBETE, ENUGU IN 1915. SINCE 1958 … YEARS. THIS PAPER THEREFORE INVESTIGATES THE MAJOR CAUSES OF THE DECLINE OF THE NIGERIA COAL INDUSTRY AND PROVIDES A …
Persistent link: https://www.econbiz.de/10005412925
INDUSTRY IN NIGERIA WAS STILL IN ITS PIONEERING STAGE. THIS PAPER THEREFORE ARGUES THAT THE STRUCTURE AND ORIENTATION OF …
Persistent link: https://www.econbiz.de/10005412927
accelerate the substantial health gains of recent decades, especially for the poor in African countries such as Nigeria, the …
Persistent link: https://www.econbiz.de/10005556956
A theoretical model of the inflationary process in Nigeria is developed using monetary aggregates, the exchange rate …
Persistent link: https://www.econbiz.de/10005118665
AGRICULTURE IN ITS COMMON PARLENCE INCLUDES PRODUCTION, RESEARCH AND TRAINING IN THE FIELDS OF CROPS, FORESTRY, FISHING AND LIVESTOCK. NIGERIAN AGRICULTURE WAS CHARACTERIZED BY LOW FARM INCOMES; LOW CAPACITY LEVEL TO SATISFY FOOD AND FIBRE NEEDS OF THE COUNTRY, AND PRIMITIVE TECHNIQUES OF...
Persistent link: https://www.econbiz.de/10005118780