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An assessment of monetary policy response to capital inflows in Nigeria

Okpanachi, Usman M. - In: CBN journal of applied statistics 3 (2012) 2, pp. 75-98

estimate the intensity (and effectiveness) of monetary sterilization by the Central Bank of Nigeria (CBN) in response to …

Persistent link: https://www.econbiz.de/10011477122

Real exchange rate misalignment and economic growth in Nigeria (1960-2011)

Ibrahim, Waheed - In: CBN journal of applied statistics 7 (2016) 1, pp. 93-110

This paper examines the impact of real effective exchange rate misalignment on economic growth in Nigeria using an …

Persistent link: https://www.econbiz.de/10011460320

Fiscal dominance and exchange rate stability in Nigeria

Ayinde, Taofeek Olusola; Bankole, Abiodun S. - In: Future Business Journal 7 (2021), pp. 1-15

This study investigates fiscal dominance and exchange rate stability in Nigeria. The period of investigation spanned … exchange rate movement in Nigeria. As a robustness, Autoregressive Distributed Lag (ARDL) technique was employed to analyse the … shock transmission efects of these components on the movement of exchange rate in Nigeria. More so, granger causality test …

Persistent link: https://www.econbiz.de/10012667404

An econometric estimation and prediction of the effects of nominal devaluation on real devaluation : does the Marshal-Lerner (M-L) assumptions fits in Nigeria?

Rafindadi, Abdulkadir Abdulrashid; Yusof, Zarinah - In: International journal of economics and financial issues … 4 (2014) 4, pp. 819-835

Persistent link: https://www.econbiz.de/10010528503

Exchange rate regimes as thresholds : the main determinants of capital inflows in emerging market economies

Özmen, Erdal; Taşdemir, Fatma - In: Borsa Istanbul Review 23 (2023) 6, pp. 1282-1288

We investigate whether the impacts of the main push (global financial conditions, GFC) and pull (growth) factors on capital inflows are invariant to endogenously estimated thresholds for exchange rate regimes (ERRs) in emerging market economies. The impact of GFC is higher under more flexible...

Persistent link: https://www.econbiz.de/10014446821

Living with Capital Inflows

de Gregorio, Jose - 2013

This is one of the contributions which is part of BIS Paper 68 and which was presented at the BIS-sponsored sessions at the Latin American and Caribbean Economic Association (LACEA) meetings in 2010-11, focusing on the drivers and effects of capital flows and the challenges they pose for the...

Persistent link: https://www.econbiz.de/10013088042

Can Foreign Exchange Intervention Stem Exchange Rate Pressures from Global Capital Flow Shocks?

Blanchard, Olivier J. - 2018

Many emerging-market economies have relied on foreign exchange intervention (FXI) in response to gross capital inflows. In this paper, we study whether FXI has been an effective tool to dampen the effects of these inflows on the exchange rate. To deal with endogeneity issues, we look at the...

Persistent link: https://www.econbiz.de/10012936773

Can Foreign Exchange Intervention Stem Exchange Rate Pressures from Global Capital Flow Shocks?

Blanchard, Olivier J. - 2015

Many emerging market economies have relied on foreign exchange intervention (FXI) in response to gross capital inflows. In this paper, we study whether FXI has been an effective tool to dampen the effects of these inflows on the exchange rate. To deal with endogeneity issues, we look at the...

Persistent link: https://www.econbiz.de/10013016592

Sterilization, monetary policy, and global financial integration

Aizenman, Joshua; Glick, Reuven - 2008

This paper investigates the changing pattern and efficacy of sterilization within emerging market countries as they liberalize markets and integrate with the world economy. We estimate the marginal propensity to sterilize foreign asset accumulation associated with net balance of payments...

Persistent link: https://www.econbiz.de/10003854762

DNDFs: a more efficient way to intervene in FX markets?

Garcia, Márcio Gomes Pinto; Volpon, Tony - 2014

We analyze the unique intervention strategy of the BCB using DNDFs (Domestic-Non-Deliverable Forwards): currency forwards that settle in domestic currency. We show the mechanisms through which DNDFs provide efficient hedging instruments for economic agents in times of reduced capital inflows and...

Persistent link: https://www.econbiz.de/10010353428

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