A debt composition hedging strategy for Nigeria:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Abschlussarbeit Buch |
| Sprache: | English |
| Veröffentlicht: |
Saarbrücken
VDM Verlag Dr. Müller
2008
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| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | VI, 272 S. 24 cm |
| ISBN: | 9783836461962 |
Internformat
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Datensatz im Suchindex
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| adam_text | CONTENTS ACKNOWLEDGEMENT VI CHAPTER I: INTRODUCTION 1 1.1. STATEMENT OF
THE PROBLEM 1 1.2. PURPOSE OF THE STUDY 7 1.3. MODELS AND FRAMEWORK OF
ANALYSIS 8 1.4. CONTRIBUTION AND ORIGINALITY OF THE STUDY 30 1.5. SCOPE
AND LIMITATIONS OF THE STUDY 31 1.6. ORGANIZATION OF THE STUDY 32
CHAPTER II: OVERVIEW OF THE NIGERIAN ECONOMY AND ITS EXTERNAL DEBT
ASSESSMENT. ...34 2.1. NIGERIAN ECONOMY 34 2.2. NAIRA CURRENCY MARKET 37
2.3. COUNTRY RISK ANALYSIS IN THE CASE OF NIGERIA 46 2.4. RATING OF THE
NIGERIAN CREDITWORTHINESS 54 2.5. EXTERNAL DEBT OF NIGERIA 58 2.6.
CURRENT ACCOUNT AND FOREIGN INDEBTEDNESS 66 2.7. INTERNATIONAL TRADE OF
NIGERIA 69 2.8. DEBT OVERHANG HYPOTHESIS FOR NIGERIA 76 2.9. EXPOSURE
ASSESSMENT 80 2.10. CHAPTER SUMMARY 84 CHAPTER III: LITERATURE REVIEW 87
3.1. COUNTRY S CREDITWORTHINESS OF SOVEREIGN NATIONS 87 3.1.1.
THEORETICAL APPROACH 88 3.1.1.1. CONSUMPTION-SMOOTHING MOTIVE 91
3.1.1.2. TRANSACTION MOTIVE 95 3.1.1.3. INVESTMENT MOTIVE 95 3.1.1.4.
ADJUSTMENT MOTIVE 96 3.1.2. EMPIRICAL APPROACH 96 3.1.2.1. ECONOMIC
FACTORS 98 3.1.2.2. POLITICAL FACTORS 103 3.2. DEFAULT ON SOVEREIGN DEBT
105 3.2.1. COSTS OF SOVEREIGN DEFAULT 106 3.2.1.1. EXCLUSION FROM FUTURE
BORROWING 106 3.2.1.2 BIBLIOGRAFISCHE INFORMATIONEN
HTTP://D-NB.INFO/991280423 DIGITALISIERT DURCH 3.2.1.4. CARROTS AND
STICKS 108 3.2.2. BENEFITS OF SOVEREIGN DEFAULT 109 3.3. CURRENCY
DENOMINATION OF FOREIGN LIABILITIES 110 3.3.1. BACKGROUND OF FINANCIAL
RISK MANAGEMENT IN DEVELOPING COUNTRIES 111 3.3.2. BACKGROUND OF
CURRENCY DENOMINATION 114 3.3.2.1. THEORETICAL ISSUES WITH RISK EXPOSURE
116 3.3.2.2. FACTORS AFFECTING THE OPTIMAL EXTERNAL LIABILITY
COMPOSITION OF ACOUNTRY...118 3.3.2.3. ESTIMATION OF THE OPTIMAL
CURRENCY COMPOSITION OF EXTERNAL DEBT 119 3.3.2.4. POLICY RULES FOR THE
CURRENCY COMPOSITION OF EXTERNAL DEBT 123 3.3.3. CURRENT APPROACH TO
CURRENCY COMPOSITION 127 3.4. CHAPTER SUMMARY 128 CHAPTER IV: DATA AND
VARIABLES 130 4.1. DATA 130 4.2. VARIABLES 132 4.2.1. IMPORTS PAYMENTS
MODEL VARIABLES 132 4.2.1.1. IMPORTS PAYMENTS MODEL 132 4.2.1.2. LIST OF
THE IMPORTS VARIABLES 134 4.2.1.3. DESCRIPTION OF IMPORTS FUNCTION
VARIABLES 134 4.2.2. EXPORTS REVENUES MODEL VARIABLES 144 4.2.2.1.
EXPORTS REVENUES MODEL 144 4.2.2.2. LIST OF THE EXPORTS FUNCTION
VARIABLES 145 4.2.2.3. DESCRIPTION OF EXPORTS FUNCTION VARIABLES 146
4.2.3. TRADE BALANCE MODEL VARIABLES 155 4.2.3.1. TRADE BALANCE MODEL
155 4.2.3.2. LIST OF THE TRADE BALANCE VARIABLES 157 4.2.3.3.
DESCRIPTION OF TRADE BALANCE MODEL VARIABLES 158 4.3. CHAPTER SUMMARY
166 CHAPTER V: METHODOLOGY 169 5.1. ESTIMATION METHODS 169 5.1.1.
ORDINARY LEAST SQUARES (OLS) ESTIMATION 170 5.1.2 5.2.1.2. THE
DICKEY-FULLER METHODOLOGY 178 5.2.1.3. TESTS FOR TRENDS AND UNIT ROOTS
180 5.2.1.4. COINTEGRATION 185 5.2.2. AUTOCORRELATION ISSUES 187 5.2.3.
MULTICOLLINEARITY ISSUES 194 5.2.3.1. MULTICOLLINEARITY DIAGNOSTICS FOR
THE EXPORTS FUNCTION 199 5.2.3.2. MULTICOLLINEARITY DIAGNOSTICS FOR THE
IMPORTS FUNCTION 201 5.2.3.3. MULTICOLLINEARITY DIAGNOSTICS FOR THE
TRADE BALANCE FUNCTION 203 5.2.3.4. EXCHANGE RATE POLICIES AND
MULTICOLLINEARITY ISSUES 205 5.2.3.5. INSTITUTIONAL FRAMEWORK FOR THE
CHOICE OF BILATERAL EXCHANGE RATES 209 5.3. CHAPTER SUMMARY 213 CHAPTER
VI: EMPIRICAL RESULTS AND ECONOMIC INTERPRETATIONS 215 6.1. EXPORTS
FUNCTION EMPIRICAL RESULTS AND ECONOMIC INTERPRETATIONS 215 6.2. IMPORTS
FUNCTION EMPIRICAL RESULTS AND ECONOMIC INTERPRETATIONS 224 6.3. TRADE
BALANCE FUNCTION EMPIRICAL RESULTS AND ECONOMIC INTERPRETATIONS 233 6.4.
OPTIMAL DEBT COMPOSITION CALCULATION AND ANALYSIS 242 CHAPTER VU:
CONCLUSION AND POLICY IMPLICATIONS 253 GLOSSARY 262 BIBLIOGRAPHY 266
|
| any_adam_object | 1 |
| author | Kone, Soloman |
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| classification_rvk | QL 700 |
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| discipline | Wirtschaftswissenschaften |
| format | Thesis Book |
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| geographic | Nigeria (DE-588)4042300-1 gnd |
| geographic_facet | Nigeria |
| id | DE-604.BV039610426 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T00:07:22Z |
| institution | BVB |
| isbn | 9783836461962 |
| language | English |
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| physical | VI, 272 S. 24 cm |
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| publishDateSearch | 2008 |
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| spelling | Kone, Soloman Verfasser (DE-588)139409068 aut A debt composition hedging strategy for Nigeria Soloman Kone Saarbrücken VDM Verlag Dr. Müller 2008 VI, 272 S. 24 cm txt rdacontent n rdamedia nc rdacarrier Zugl.: Washington, DC, The Cath. Univ. of America, Diss., 2006 Sicherungsgeschäft (DE-588)4054807-7 gnd rswk-swf Öffentliche Schulden (DE-588)4043153-8 gnd rswk-swf Hedging (DE-588)4123357-8 gnd rswk-swf Nigeria (DE-588)4042300-1 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Nigeria (DE-588)4042300-1 g Hedging (DE-588)4123357-8 s Öffentliche Schulden (DE-588)4043153-8 s Sicherungsgeschäft (DE-588)4054807-7 s DE-604 DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=024461077&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Kone, Soloman A debt composition hedging strategy for Nigeria Sicherungsgeschäft (DE-588)4054807-7 gnd Öffentliche Schulden (DE-588)4043153-8 gnd Hedging (DE-588)4123357-8 gnd |
| subject_GND | (DE-588)4054807-7 (DE-588)4043153-8 (DE-588)4123357-8 (DE-588)4042300-1 (DE-588)4113937-9 |
| title | A debt composition hedging strategy for Nigeria |
| title_auth | A debt composition hedging strategy for Nigeria |
| title_exact_search | A debt composition hedging strategy for Nigeria |
| title_full | A debt composition hedging strategy for Nigeria Soloman Kone |
| title_fullStr | A debt composition hedging strategy for Nigeria Soloman Kone |
| title_full_unstemmed | A debt composition hedging strategy for Nigeria Soloman Kone |
| title_short | A debt composition hedging strategy for Nigeria |
| title_sort | a debt composition hedging strategy for nigeria |
| topic | Sicherungsgeschäft (DE-588)4054807-7 gnd Öffentliche Schulden (DE-588)4043153-8 gnd Hedging (DE-588)4123357-8 gnd |
| topic_facet | Sicherungsgeschäft Öffentliche Schulden Hedging Nigeria Hochschulschrift |
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