Consumption-Based Interest Rate and the Present-Value Model of the Current Account-Evidence from Nigeria /

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 da...

Πλήρης περιγραφή

Λεπτομέρειες βιβλιογραφικής εγγραφής
Κύριος συγγραφέας: Adedeji, Olumuyiwa
Μορφή: Επιστημονικό περιοδικό
Γλώσσα:English
Έκδοση: Washington, D.C. : International Monetary Fund, 2001.
Σειρά:IMF Working Papers; Working Paper ; No. 2001/093
Διαθέσιμο Online:Full text available on IMF
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245 1 0 |a Consumption-Based Interest Rate and the Present-Value Model of the Current Account-Evidence from Nigeria /  |c Olumuyiwa Adedeji. 
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300 |a 1 online resource (29 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2001/093 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2001/093/001.2001.issue-093-en.xml  |z IMF e-Library