Independence of monetary management and exchange rate regimes: evidence from Nigeria, 1961 – 1982: comments

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dc.contributor.authorAkinnifesi, E. Olulana
dc.date.accessioned2018-11-27T08:42:20Z
dc.date.available2018-11-27T08:42:20Z
dc.date.issued1986-03
dc.description.abstractThe following comments are based on Mr. Asogu's paper titled as above and which appeared in the December 1985 edition of the Economic and Financial Review. The objective of the study is" to use the monetary approach to the balance of payments (MABOP) and exchange rate theory of an open economy to determine the existence and significance of the links and relationships among macro-economic variables which are regularly applied in monetary management of both the domestic and external sectors". The author hoped that through this procedure he could "provide a basis for rethinking about the adequacy or otherwise of current stance in monetary policy for the achievement of desired targets with minimal distortions on all the sectors". Although one objective thus appears to have been listed by the author, the various tests carried out in the body of the paper actually indicate that the author had several objectives which he intended to achieve. In particular, several equations were developed for the explanation of interest rates, exchange rates, reserves, and money demand in Nigeria. The reviewer concludes that the author failed to show the interactions among the equations which would convince the reader that only the objective stated in his introduction was being pursued.en_US
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dc.description.provenanceMade available in DSpace on 2018-11-27T08:42:20Z (GMT). No. of bitstreams: 1 Independence of monetary management and exchange rate regimes evidence from nigeria 1960 - 1982.pdf: 554953 bytes, checksum: 9caa3e10527553cdd164058a35779fb1 (MD5) Previous issue date: 1986-03en
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.identifier.citationAkinnifesi, E. O. (1986). Independence of monetary management and exchange rate regimes: evidence from Nigeria, 1961 – 1982: comments. CBN Economic and Financial Review, (EFR), 24(1), 62-64.en_US
dc.identifier.issn1957-2968
dc.identifier.urihttp://repo.cbn.gov.ng/jspui/handle/123456789/683
dc.language.isoenen_US
dc.publisherCentral Bank of Nigeria (CBN), Research Departmenten_US
dc.relation.ispartofseriesVol. 24;No. 1
dc.subjectMonetary policyen_US
dc.subjectReal exchange rateen_US
dc.subjectBalance of paymentsen_US
dc.subjectExchange rate theoryen_US
dc.subjectInterest rateen_US
dc.subjectMoney demanden_US
dc.titleIndependence of monetary management and exchange rate regimes: evidence from Nigeria, 1961 – 1982: commentsen_US
dc.typeArticleen_US

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