Please use this identifier to cite or link to this item: https://library.cbn.gov.ng:8443/jspui/handle/123456789/530
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dc.contributor.authorNnannna, O.J.-
dc.date.accessioned2018-10-26T10:45:18Z-
dc.date.available2018-10-26T10:45:18Z-
dc.date.issued2003-03-
dc.identifier.citationNnanna, O.J. (2003). Towards economic convergence in WAMZ: effects of fiscal dominance on macroeconomic stability. Economic and Financial Review. 1-22, 41(1).en_US
dc.identifier.issn1957 - 2968-
dc.identifier.urihttp://library.cbn.gov.ng:8092/jspui/handle/123456789/530-
dc.description.abstractThis article discusses the threat posed by fiscal dominance and measures that could be adopted to contain it in order to foster macroeconomic convergence in the WAMZ. The presentation is organised around two elements: the boom and burst cycle of capital expenditure, adjudged to be the root cause of fiscal dominance, and an empirical analysis of the implication of fiscal dominance for macroeconomic stability in the WAMZ. While the empirical and anecdotal evidences of the adverse effect of fiscal dominance is overwhelming, the paper went .further to propose a fiscal rule that would contain the destabilising effect of large revenue swings.en_US
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.language.isoenen_US
dc.publisherCentral Bank of Nigeria, Research Departmenten_US
dc.relation.ispartofseriesVol. 41;No. 1-
dc.subjectWest African Monetary Zone (WAMZ)en_US
dc.subjectMacroeconomic convergenceen_US
dc.subjectOverall budget deficiten_US
dc.subjectForeign exchange reservesen_US
dc.titleTowards economic convergence in WAMZ: effects of fiscal dominance on macroeconomic stabilityen_US
dc.typeArticleen_US
Appears in Collections:Economic and Financial Review

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