Developing countries - given their extreme economic vulnerability - are likely to be better served by maintaining flexible exchange rate regimes. That is the finding of this informative and enlightening book. Presenting unique theoretical and econometric analysis of the current account of the balance of payments of Nigeria and Ghana, this book examines the features common to the economic position of developing countries (such as recurring deficits and continual increases in external debt). The book presents a number of new theoretical modifications to the standard version of the value model of the current account, in order to reflect the major characteristics of developing economies. The book also uses rigorous econometric analyses to determine the validity of theoretical models, and examines the sustainability of these various countries' current account deficits.

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Yes, you can access The Balance of Payments Analysis of Developing Economies by Olumuyiwa Samson Adedeji,Handa Jagdish,Alexander Bilson Darku in PDF and/or ePUB format, as well as other popular books in Commerce & Commerce Général. We have over one million books available in our catalogue for you to explore.

Information

Publisher

Routledge

Year

2017

ISBN

9781351147637

Edition

Topic

Commerce

Subtopic

Commerce Général

Cover
Half Title
Title
Copyright
Contents
Preface
1. Introduction
2. An Overview of the Nigerian Economy and the Relevant Concepts
3. The Intertemporal Model of the Current Account: An Introduction
4. The Present Value Models of the Current Account
5. Econometric Estimation of the PVMCA for Nigeria
6. The Traditional Models of the Current Account and External Imbalances Sustainability in Nigeria
7. An Overview of the Ghanaian Economy
8. Econometric Analysis of Ghana’s Current Account
9. Summary and Conclusions
References
Index