Capital Flows, Capital Control and Exchange Rate Regimes
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Date
2013-12
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Research Department, Central Bank of Nigeria
Abstract
The objective of this presentation is to examine the
importance of capital controls on the flow of foreign capital under the current
circumstance for the benefit of the Nigerian economy. Part II of the paper will
look into some critical issues in the global capital flows by identifying the principal
agents; structure and trends of the flows; effects; and policy options in managing
the flows. In Part III, an attempt is made to review the historical developments of
global governance of capital controls since the pre-World War I, while Part IV
examines the policy challenges in capital control management strategies. Part V
examines the on-going ECOWAS financial integration among its Member States,
coming at a time of increasing voice for a return to the Bretton Woodsâs ideology.
Part VI concludes the paper with charting a framework for increasing the
resilience of the Nigerian capital flow system.
Description
Keywords
Capital Flows, Exchange Rate Regimes, Capital Control
Citation
Aremu, Jonathan A. (2013). Capital Flows, Capital Control and Exchange Rate Regimes. Economic and Financial Review, 51(4), 65-96