Demand for international reserves: a case for reserve accumulation in Nigeria

Simple item page
dc.contributor.authorBankole, Abiodun S.
dc.contributor.authorOlaniyan, Olanrewaju
dc.contributor.authorGboyega, Oluranti
dc.contributor.authorShuaibu, Mohammed
dc.date.accessioned2018-05-28T08:06:10Z
dc.date.available2018-05-28T08:06:10Z
dc.date.issued2011-09
dc.description.abstractThis paper examined the determinants of international reserves holding in Nigeria, where a huge amount of foreign reserves is necessary to ensure good macroeconomic policy and international credit worthiness. Adopting a dynamic modeling approach combined with the Mizon-Richard encompassing test, both precautionary and mercantilist motives explain holding of foreign reserves in Nigeria. Specifically, the current account variability and past levels of external reserves drive reserve holding in the short run. In the long run, the former and the money supply are significant determinants. Therefore, enhancement of exports through support for quality and competitiveness of non-oil exports are key to reserves management.en_US
dc.description.provenanceSubmitted by Samuel A. Oyeboade (adeoluwa81@gmail.com) on 2018-05-14T15:31:14Z No. of bitstreams: 1 Pages from EFR VOL 49 No 3 September 2011-5 Abiodun S. Bankole, Olanrewaju Olaniyan, Gboyega.pdf: 656007 bytes, checksum: c22f55cb74ce35667428d9f17f201570 (MD5)en
dc.description.provenanceApproved for entry into archive by Ifeanyichukwu Ohaju (ifohaju@gmail.com) on 2018-05-28T08:01:30Z (GMT) No. of bitstreams: 1 Pages from EFR VOL 49 No 3 September 2011-5 Abiodun S. Bankole, Olanrewaju Olaniyan, Gboyega.pdf: 656007 bytes, checksum: c22f55cb74ce35667428d9f17f201570 (MD5)en
dc.description.provenanceApproved for entry into archive by Ifeanyichukwu Ohaju (ifohaju@gmail.com) on 2018-05-28T08:05:24Z (GMT) No. of bitstreams: 1 Pages from EFR VOL 49 No 3 September 2011-5 Abiodun S. Bankole, Olanrewaju Olaniyan, Gboyega.pdf: 656007 bytes, checksum: c22f55cb74ce35667428d9f17f201570 (MD5)en
dc.description.provenanceMade available in DSpace on 2018-05-28T08:06:10Z (GMT). No. of bitstreams: 1 Pages from EFR VOL 49 No 3 September 2011-5 Abiodun S. Bankole, Olanrewaju Olaniyan, Gboyega.pdf: 656007 bytes, checksum: c22f55cb74ce35667428d9f17f201570 (MD5) Previous issue date: 2011-09en
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.identifier.citationBankole, A.S., Olaniyan, O., Gboyega, O. & Shuaibu, M. (2011). Demand for international reserves: a case for reserve accumulation in Nigeria. Economic and Financal Review, 49(3), 71-97.en_US
dc.identifier.issn1957-2968
dc.identifier.urihttp://repo.cbn.gov.ng/jspui/handle/123456789/169
dc.language.isoenen_US
dc.publisherCentral Bank of Nigeriaen_US
dc.relation.ispartofseriesEconomic and Financial Review;Vol. 49, No. 3.
dc.subjectExternal reservesen_US
dc.subjectMercantilisten_US
dc.subjectCointegrationen_US
dc.subjectBuffer stock modelen_US
dc.titleDemand for international reserves: a case for reserve accumulation in Nigeriaen_US
dc.typeArticleen_US

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Pages from EFR VOL 49 No 3 September 2011-5 Abiodun S. Bankole, Olanrewaju Olaniyan, Gboyega.pdf
Size:
640.63 KB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.61 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

Economic and Financial Review