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THE EFFECT OF CRYPTO CURRENCIES ON THE VALUE OF THE NIGERIAN NAIRA CHAPTER ONE INTRODUCTION 1.1 Background to the Study Crypto currency constitute as a subset of alternative currencies or better referred to as digital currency is a digital…
A SMALL FOREIGN EXCHANGE MARKET WITH A LONG-TERM PEG: BARBADOS INTRODUCTION The extent of financial integration in the modern world, reflected in the magnitude and pervasiveness of financial flows, has served to intensify research on the economic functioning of foreign…
A SMALL ESTIMATED EURO AREA MODEL WITH RATIONAL EXPECTATIONS AND NOMINAL RIGIDITIES Abstract The objective of this paper is to estimate a small model of the euro area to be used as a laboratory for evaluating the performance of alternative monetary policy strategies.Westart with the relationship between output and inflation and investigate the fit of the nominal wage contracting model due to Taylor (1980) and three different versions of the relative real wage contracting model proposed by Buiter and Jewitt (1981) and estimated by Fuhrer and Moore (1995a) for the United States. While Fuhrer and Moore reject the nominal contracting model and find strong evidence in favor of the relative contracting model which induces a higher degree of inflation persistence, we find that both types of contracting models fit euro area …
A REEVALUATION OF THE EFFECT OF HUMAN CAPITAL ACCUMULATION ON ECONOMIC GROWTH: USING NATURAL DISASTERS AS AN INSTRUMENT Abstract This study is a reevaluation of the effect of human capital accumulation on economic growth using natural disasters as an instrument.…
EFFECTS OF WATER POLLUTION IN ABUDU ABSTRACT The research work focuses on the effects of water pollution in Abudu, Orhionmwon Local Government Area of Edo State. The effects of water pollution are numerous. These include production of unfit water, loss…
A RE-EXAMINATION OF THE DEMAND FOR MONEY IN FIJI ABSTRACT The demand for money is at the heart of how policy should be conducted effectively. Money demand serves as a conduit in the transmission mechanism for monetary policy so the…
A PROPOSED MONETARY REGIME FOR SMALL COMMODITY-EXPORTERS: PEG THE EXPORT PRICE (“PEP”) ABSTRACT The question of the optimal monetary regime for small open economies is still wide open. On the one hand, the big selling points of floating exchange rates…
THE EFFECTS OF OIL SPILLAGE IN THE NIGER DELTA CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Oil spillage is the release of petroleum substance or product into the streams, lakes, rivers, beaches, seas, oceans and land, which becomes poisonous…
A NOTE ON FORECASTING EXCHANGE RATES USING A CLUSTER TECHNIQUE Abstract In this note, we propose a cluster method as a simple predictive tool to forecast exchange rates (specifically the Japanese Yen and the British Pound against the US Dollar).…
A MARKET-ORIENTED STRATEGY FOR SMALL AND MEDIUM-SCALE ENTERPRISES ABSTRACT This paper investigates the economic rationale for intervention in support of small- and medium-scale enterprises, on both theoretical and empirical grounds. It arguesthat the justification for SME interventions lies in market…