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...
| Autor principal: | |
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| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
2001.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 2001/093 |
| Accés en línia: | Full text available on IMF |