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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

Winners and Losers from Sovereign Debt Inflows

Broner, Fernando - 2020

We study the transmission of sovereign debt inflow shocks on domestic firms. We exploit episodes of large sovereign debt inflows in six emerging countries which are due to the announcements of these countries' inclusion in two major local currency sovereign debt indexes. We show that these...

Persistent link: https://www.econbiz.de/10012845279

Capital inflows and asset prices : evidence from emerging Asia

Tillmann, Peter - 2012

The withdrawal of foreign capital from emerging countries at the height of the recent financial crisis and its quick return sparked a debate about the impact of capital flow surges on asset markets. This paper addresses the response of property prices to an inflow of foreign capital. For that...

Persistent link: https://www.econbiz.de/10010392193

The Macroeconomic Effects of Reserve Requirements

Glocker, Christian - 2012

Monetary authorities in emerging markets are often reluctant to raise interest rates when dealing with credit booms driven by capital inflows, as they fear that an increase attracts even more capital and appreciates the currency. A number of countries therefore use reserve requirements as an...

Persistent link: https://www.econbiz.de/10013108034

Capital Inflow Shocks and House Prices : Aggregate and Regional Evidence from Korea

Tillmann, Peter - 2017

Over the course of the recent global financial crisis, emerging economies experienced massive swings in capital inflows. In this paper, we estimate a VAR model to assess the impact of capital inflow shocks, which are identified using a set of sign restrictions, on house prices in Korea. We base...

Persistent link: https://www.econbiz.de/10012972297

Capital Inflow Shocks and House Prices : Aggregate and Regional Evidence from Korea

Tillmann, Peter - 2016

Persistent link: https://www.econbiz.de/10013007269

Capital Inflow Shocks and House Prices : Aggregate and Regional Evidence from Korea

Tillmann, Peter - 2015

Persistent link: https://www.econbiz.de/10013026637

Capital flows in the euro area and TARGET2 balances

Hristov, Nikolay; Hülsewig, Oliver; Wollmershäuser, Timo - 2018

We estimate a panel VAR model for the euro area to quantitatively asses the contribution of the TARGET2 system to the propagation of different types of structural economic shocks as well as to the historical evolution of aggregate economic activity in euro area member countries. Our results...

Persistent link: https://www.econbiz.de/10011793977

Capital inflows and income inequality : evidence from panel VAR approach

Yun, Jinyeong - 2023

In this paper, I document empirical evidence that an external shock in capital inflows leads to an increase in income inequality in advanced economies and causes a decline in income inequality in emerging market economies. I estimate a panel VAR model with an annual dataset on 53 countries over...

Persistent link: https://www.econbiz.de/10014418019

Dynamic Interaction between Capital Flows, Exchange Rates and Growth : Evidence From Nigeria

Ogbechie, Chris - 2016

exchange rate response positively to shock in capital inflows suggesting that the more the capital inflows the more the Nigeria … unidirectional causal relationship between growth and capital inflows in Nigeria. The implication of this study is that government …

Persistent link: https://www.econbiz.de/10012983210