Central Bank of Nigeria
Exchange Rate, Growth-Oriented Adjustment Policies, Low-Income Countries, Primary Producing Countries
This paper Identifies exchange rate as one of the principal policy tools through which low-Income primary producing countries could properly align their economic and financial activities with those In the rest of the world to achieve satisfactory growth In income and employment. It examines the channels U1rougl1 which devaluation (exchange rate action) can produce significant impacts on major economic aggregates and in the process, correct financial and structural Imbalances.
CBN Economic and Financial Review
Osundade, F. L. (1993). Exchange Rate Action: Channels of Contribution to Effectiveness of Growth-Oriented Adjustment Policies in Low Income Primary Producing Countries. CBN Economic and Financial Review. 31(2), 133-144.