Empirical estimation of optimal International reserves for Nigeria: the sudden stop model

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dc.contributor.authorSanni, G.K.
dc.contributor.authorOlusegun, T.S.
dc.contributor.authorSani, Z.
dc.date.accessioned2018-11-05T13:36:51Z
dc.date.available2018-11-05T13:36:51Z
dc.date.issued2016-03
dc.description.abstractThe study examined the issue of optimum external reserves for Nigeria during 2010 - 2014, using Jeanne and Ranciere (2006) and Goncalves (2007) sudden stop model approach. The study showed that resident foreign currency deposit accounted for over 90 per cent of the total foreign currency deposit, while non-resident foreign currency deposit accounted for the remaining. The result of the model suggested that external reserves were adequate in 2010 but beyond that period, it was far below optimal level. On average, the optimum external reserves were around 15.7 per cent of GDP in the past four years, translating to US$54.52 billion.en_US
dc.description.provenanceSubmitted by Samuel A. Oyeboade (adeoluwa81@gmail.com) on 2018-10-16T13:45:25Z No. of bitstreams: 1 Non-oil revenue buoyancy and elasticity.pdf: 4258944 bytes, checksum: fb4569e33f0a99eb233eb1c7e322112b (MD5)en
dc.description.provenanceApproved for entry into archive by Ifeanyichukwu Ohaju (ifohaju@gmail.com) on 2018-11-05T13:32:45Z (GMT) No. of bitstreams: 1 Non-oil revenue buoyancy and elasticity.pdf: 4258944 bytes, checksum: fb4569e33f0a99eb233eb1c7e322112b (MD5)en
dc.description.provenanceApproved for entry into archive by Ifeanyichukwu Ohaju (ifohaju@gmail.com) on 2018-11-05T13:36:21Z (GMT) No. of bitstreams: 1 Non-oil revenue buoyancy and elasticity.pdf: 4258944 bytes, checksum: fb4569e33f0a99eb233eb1c7e322112b (MD5)en
dc.description.provenanceMade available in DSpace on 2018-11-05T13:36:51Z (GMT). No. of bitstreams: 1 Non-oil revenue buoyancy and elasticity.pdf: 4258944 bytes, checksum: fb4569e33f0a99eb233eb1c7e322112b (MD5) Previous issue date: 2016-03en
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.identifier.citationSanni, G.K., Olusegun, T.S., & Sani, Z. (2016) . Empirical estimation of optimal international reserves for Nigeria: the sudden stop model. Economic and Financial Review. 54(1). 1-23.en_US
dc.identifier.issn1957 - 2968
dc.identifier.urihttp://repo.cbn.gov.ng/jspui/handle/123456789/544
dc.language.isoenen_US
dc.publisherCentral Bank of Nigeria, Research Departmenten_US
dc.relation.ispartofseriesVol. 54;No.1
dc.subjectOptimum reservesen_US
dc.subjectSudden stopen_US
dc.subjectCapital flowen_US
dc.subjectForeign currency depositsen_US
dc.subjectNigeriaen_US
dc.titleEmpirical estimation of optimal International reserves for Nigeria: the sudden stop modelen_US
dc.typeArticleen_US

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