LITERATURE REVIEW
2.1 REVIEW OF THEORETICAL LITERATURE
The importance of exchange rate policies in economic adjustments cannot be overemphasized as it has become the subject of considerable debate in many economies in the word today.
Several economists in the world today have discovered that in the bid to achieve certain objectives, that are economy wide in nature, the issue of exchange rate cannot be handled lightly. They try to see if exchange rate instabilities affect other macroeconomic aggregates positively or negatively over time.
Efforts have also been made to see if the economic problems of the Less Developed Countries (LDCs) could be tackled employing exchanging ate policy as a vital instrument. To this end, several exchange rate models were propounded by different economies in the world to suggest how exchange rate could, in the first place, be determined.
2.2Â Â Â Â EXCHANGE RATE DERMINIATION MODELS
exchange rate determination has been a crucial issue in economic research. As a result, several schools of though propounded different ways by which exchange ate could be determined. Before the 1970’s the Keynesian model, which was developed by James Meode (1951), dominated the scene. In 1962 and 1963, it was amended by Marcus Fleming and Robert Murdell respectively to be known as the Mudell-Fleming model. However during the 1970s, other exchange rate models, which were based on considerations of stock equilibrium in the financial market internationally, were developed.
Can't find what you are looking for?
Call (+234) 07030248044.
OTHER SIMILAR ECONOMICS PROJECTS AND MATERIALS
A COMPREHENSIVE ANALYSIS OF THE EFFECT OF REGULATION AND DEREGULATION OF EXCHANGE RATE ON NIGERIA’S FOREIGN TRADE
CHAPTER ONE INTRODUCTION Foreign exchange is defined by Samuelson and Mordhaus (1983) “as a currency or other financial institution that allows are country to settle amounts owed to another cou...Continue reading »
A CRITICAL ANALYSIS OF OF THE IMPACT OF POPULATION GROWTH ON THE ECONOMY OF NIGERIA
2.1 THEORETICAL LITERATURE The nature of the relationship between population growth and economic growth has so attracted the attention of a large number of the world’s most influential thinkers ...Continue reading »
A CRITICAL ANALYSIS OF THE CONTRIBUTIONS OF COMMERCIAL BANKS TO THE ECONOMIC GROWTH OF NIGERIA
2.0 THEORITICAL LITERATURE Reforms are predicted upon the need for reorientation and repositioning of an existing status inorder to attain an effective and efficient state. There could be fundamental...Continue reading »
A CRITICAL ANALYSIS OF THE CONTRIBUTIONS OF COMMERCIAL BANKS TO THE ECONOMIC GROWTH OF NIGERIA
2.0 THEORITICAL LITERATURE Reforms are predicted upon the need for reorientation and repositioning of an existing status inorder to attain an effective and efficient state. There could be fundamental...Continue reading »
A CRITICAL ANALYSIS OF THE CONTRIBUTIONS OF COMMERCIAL BANKS TO THE ECONOMIC GROWTH OF NIGERIA
2.0 THEORITICAL LITERATURE Reforms are predicted upon the need for reorientation and repositioning of an existing status inorder to attain an effective and efficient state. There could be fundamental ...Continue reading »
A CRITICAL ANALYSIS OF THE EFFECT OF DOMESTIC DEBT ON THE NIGERIAN ECONOMY
1.0 INTRODUCTION 1.1 OVERVIEW OF THE STUDY 1.2 STATEMENT OF PROBLEM The need to finance rising government expenditure has been identified to the rapid increase in the stock of Nigeria’s do...Continue reading »
What are looking for today?
Format: | Ms Word | ||
Chapters: | 1 - 5 | ||
Pages: | 59 | ||
Attributes: | Questionnaire, Data Analysis, Abstract | ||
Price: | ₦5000 | ||
Get the complete project » |
THE IMPACT OF HUMAN RESOURCE PLANNING ON ORGANIZATIONAL PERFORMANCE
97,652 people found this useful
IMPACT OF E-LEARNING ON THE ACADEMIC PERFORMANCE OF UNDERGRADUATE STUDENTS (A CASE STUDY OF NATIONAL...
74,599 people found this useful
TAX ADMINISTRATION IN NIGERIA: CHALLENGES AND PROSPECTS, A CASE STUDY OF LAGOS STATE BOARD OF INTERN...
69,793 people found this useful
IMPACT OF SOCIAL MEDIA ON CONSUMER BEHAVIOR
66,599 people found this useful
THE EFFECT OF ADVERTISEMENT ON CONSUMER BRAND PREFERENCE
60,525 people found this useful
THE EFFECT OF SOCIAL MEDIA ON STUDENTS PERFORMANCE IN LEARNING LISTENING COMPREHENSION
59,976 people found this useful