{"product_id":"balance-of-payments-money-supply-and-inflation-von-douglason-omotor","title":"Balance of Payments, Money Supply and Inflation","description":"\u003cp\u003eThis book seeks to find out if the balance of  payments influence variation in the money stock and  if in turn, the money supply exert changes in  the inflationary spiral in Nigeria.The Granger test  is also invoked to determine the line of causation  between the balance of payments and money supply on  the one hand, and money supply ad inflation on the  other hand. Various equations are estimated in order  to test the framed hypotheses. The major results of  the empirical tests are that: (i) developments in the  external sector is reflected in money supply  behaviour; (ii) sterilization of foreign net flows is  absent given its low value (iii) inflation in Nigeria  is positively and significantly influenced by money  supply but more by real output. And that flexible  exchange rates are more potent. This suggests a  higher inflation  in the era of the Structure  Adjustment Programme. The concluding remarks  emphasized the sustainable use of sterilization  instrument (open market sale of treasury bills) to  check the unprecedented money supply growth. This  also will proceed to alleviate the inflation pressure  in Nigeria.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783844383065\"\u003e\u003ch3\u003eBalance of Payments, Money Supply and Inflation: an Empirical Study of Their Relations in Nigeria\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783844383065","offer_id":39494477774941,"sku":"9783844383065","price":68.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/4c73aa4e-a06b-4afa-b871-584fa2beb086.jpg?v=1759295966","url":"https:\/\/shop.autorenwelt.de\/products\/balance-of-payments-money-supply-and-inflation-von-douglason-omotor","provider":"Autorenwelt Shop","version":"1.0","type":"link"}