Empirical estimation of optimal international reserves for Nigeria: the sudden stop model
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Date
2016-03
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Central Bank of Nigeria, Research Department
Abstract
The study examined the issue of optimum external reserves for Nigeria during 2010-2014, using Jeanne and Ranciere (2006) and Gancalves (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.
Description
Keywords
Optimal reserves, Sudden stop model, Foreign currency deposits, Nigeria, Capital flow
Citation
Sanni, G.K., Olusegun, T.S., Sani Z. (2016). Empirical estimation of optimal international reserves for Nigeria: the sudden stop model. CBN Economic and Financial Review, 54(1), 1-23.