Consumption-Based Interest Rate and the Present-Value Model of the Current Account—Evidence from Nigeria
Author/Editor: Olumuyiwa Adedeji
Release Date: © August, 2001
ISBN
: 978-1-45185-165-6
Stock #: WPIEA0932001
English
Stock Status: On back-order
Languages and formats available
| English | French | Spanish | Arabic | Russian | Chinese | Portuguese | |
| Paperback | Yes |
Description
This paper presents a model of current account determination, based upon the permanent-income hypothesis. A present-value relationship among the current account, changes in net output, the exchange rate and the terms of trade is derived and the implications of such a relationship are tested using data for Nigeria during 1960-97. This paper presents a model of current account determination, based upon the permanent-income hypothesis. A present-value relationship among the current account, changes in net output, the exchange rate and the terms of trade is derived and the implications of such a relationship are tested using data for Nigeria during 1960-97.
More publications in this series: Working Papers
More publications by: Olumuyiwa Adedeji
