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Title: Economic policy trilemma and exchange rate management in Nigeria
Authors: Oshikoya, Temitope
Keywords: Economic policy trilemma
Financial integration
capital control
Monetrary policy
Financial stability
Exchange rate management
Internal reserves
Issue Date: Dec-2014
Publisher: Central Bank of Nigeria, Research Department
Citation: Oshikoya, T. (2014). Economic policy trilemma and exchange rate management in Nigeria. CBN Economic and Financial Review, 52(4), 125-153.
Series/Report no.: Vol. 54;No.2
Abstract: This paper considers the choice and trade-offs that Nigeria's economic policymaker face when deciding on the simultaneous combination of monetary policy exchange rate management, and financial openness policies to adopt- the monetary policy trilemma. The paper finds empirical evidence of the monetary policy trilemma for Nigeria, implying that there is indeed a tradeoff among monetary independence, exchange rate stability and financial integration.
ISSN: 1957-2968
Appears in Collections:Economic and Financial Review

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