HOT MONEY INFLOW, MONETARY SYSTEM ANDINCLUSIVE GROWTH IN NIGERIA.
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Abstract
Description
This study examines the interactive effect of hot money inflows and the
monetary system on inclusive growth in Nigeria. The structural vector
autoregressive (SVAR) technique is employed to examine this interactive
effect. Findings from the study reveal that inclusive growth is positively and
significantly impacted by hot money inflows passing through the monetary
system. The study therefore, recommends that policies aimed at attracting
more inflows of short term capital such as interest rate policies, exchange rate
deregulation policies, lower inflation targeting policies, targeting higher GDP
growth rates, and the development of stock market structure are to be
uncompromisingly pursued.
Keywords
H Social Sciences (General), HB Economic Theory