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The paper uses monthly data on financial stock index returns, tourism stock sub-index returns, effective exchange rate … constructing a tourism financial indicator, namely the Tourism Financial Conditions Index (TFCI). The TFCI is an adaptation and … extension of the widely-used Monetary Conditions Index (MCI) and Financial Conditions Index (FCI) to tourism stock data. However …
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paper constructs a broad monetary conditions index for Nigeria. It brings together the three key channels of monetary …, followed by credit channel and interest rate channel. The resultant monetary conditions index traces fairly well the policy …
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