Economic and Financial Review


Central Bank of Nigeria


Monetary Policy, Capital Account Liberalization, Exchange Rate Liberalization, Foreign Exchange Market, Exchange Rate Management, Nigeria, Exchange Rate


This article examines the relationship between exchange rate and account liberalization in Nigeria. It focuses on monetary policy design and management in a fast-changing world. It highlights that the need for continuous research into this subject is highlighted by the reliance on monetary policy as the principal tool for economic stabilisation in emerging market economies.

Author Bio

Anthony E. Akinlo (Ph.D) is Professor of Economics & Director, Centre for Industrial Research and Development (C.I.R.D), Obafemi Awolowo University, Ile-Ife, Nigeria while Dauda O. Yinusa (Ph.D) was a lecturer with the Department of Economics, Obafemi Awolowo University, Ile-Ife, Nigeria.

Publication Title

CBN Economic and Financial Review





Recommended Citation

Akinlo, A. E. & Yinusa, D. O. (2007). Exchange Rate versus Capital Account Liberalization in Nigeria: Some Important Issues. CBN Economic and Financial Review. 45(4), 69-89.

Included in

Economics Commons



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