Mémoires

Exchange rate disequilibrium and inflation in Nigeria 1970-1995: an empirical study

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Auteurs-es

OKEH, JAMES IKECHUKWU
DEPARTMENT OF ECONOMICS UNIVERSITY OF NIGERIA, NSUKKA
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Mots-clés :

Exchange rate macroeconomics foreign exchange markets 1970-1995 inflation rate economic disequilibrium Nigeria

Synopsis

This research probes into the relative roles of exchange rates fluctuation in gerieral
and the specific regimes in particular as causes of inflation in Nigeria. Two distinct
exchange rate regimes are identified; the pre-1980 period (1970-1980) when the country
enjoyed economic prosperity as a result of the oil boom, the supply of foreign currency was
not an issue of great concern, and administered exchange rate regime existed. From the
1980s as part of the reform process designed to restor the economy on a growth path
including access to international capital, a new foreign exchange thrust was evident. The
second regime started specially from september 19986. It was characterized by a floating
rate mechanism linked to mark2t 'forces c~lleci°' 's~cond Their Foreign Exchange Market .
(SFEM)" A more serious inflationary pressure, expansionary macroeconomic polic:ies and .
a strong parallel market for foreign exchange were noted during the second regime than fo
the first administered exchange rate period.

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Références

  1. Adejugbe, M.0.A., (1974), "The mechanics and dynamics of inflation in Nigeria", in Onitiri, H.M.A. and K. Awosika (eds) Inflation in Nigeria, Proceedings of a National C011ference, Nigerian Institute of Social and Economic Research, NISER, Ibadan pp 46'-70.
  2. Adeyokunu, J. and 0.0. Ladipo. (1974), 'The causes of inflation in Nigeria: A quantitative assessment', in Onitiri, I-1.M.A. and K. Awosika (eds) Inflation in Nigeria, l'roceedings of a National Conference, NISER, lbadan pp 141-55.
  3. Agenor P. {1991), 'A monetary Model of the Parallel Market For Foreign Exchange', Journal of Economic Studies. (18) 4 pp 4-18.
  4. Aghevli, B. and M.S. Khan, (1978), Government deficits and the inflationary precess in developing countries, /MF Staff Papers, Vol. 25, pp 383-416.

Téléchargements

memoire complete

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août 21, 1998

Langue

Anglais

Séries

Mémoires
© CODESRIA Books Publication System 1998

Renseignements à propos de cette monographie

Dimensions physiques

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APA IKECHUKWU, O. J. (1998). Exchange rate disequilibrium and inflation in Nigeria 1970-1995: an empirical study. CODESRIA. https://doi.org/10.57054/codesria.pub.1132

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Chicago IKECHUKWU, OKEH, JAMES. Exchange rate disequilibrium and inflation in Nigeria 1970-1995: an empirical study. Dakar: CODESRIA, 1998. https://doi.org/10.57054/codesria.pub.1132.

MLA IKECHUKWU, OKEH, JAMES. Exchange rate disequilibrium and inflation in Nigeria 1970-1995: an empirical study. CODESRIA, 1998. https://doi.org/10.57054/codesria.pub.1132.

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