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Title: Exchange rates, capital flows and monetary policy: lessons from emerging market economies
Authors: Adedipe, Biodun
Keywords: Monetary policy transmission
Exchange rate regime
Emerging market economies
Capital flows
Capital control
Interest rates
Mundel-Fleming model
Issue Date: Dec-2014
Publisher: Central Bank of Nigeria, Research Department
Citation: Adedipe, B. (2014). Exchange rates, capital flows and monetary policy: lessons from emerging market economies. CBN Economic and Financial Review. 52(4), 181-199.
Series/Report no.: Vol. 52;No. 4
Abstract: This paper proceeds in four sections as follows: section 1 is the introduction, section 2 gives a cursory summary of the literature on the 'trilemma-dilemma' that tend more towards the relevance of capital controls as an independent instrument in monetary policy irrespective of the exchange rate regime, while section 3 examines the evidence and effectiveness of the management of the process and relationships in emerging market economies (EME). Section 4 examines a country experience, while section 5 draws inferences for Nigeria and section 6 concludes with recommendations.
ISSN: 1957-2968
Appears in Collections:Economic and Financial Review

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