Economic and Financial Review


Central Bank of Nigeria


Capital flows, Macroeconomic stability, Underdeveloped countries, Foreign exchange gaps


This paper discusses both conceptual and theoretical perspectives of capital flows and their macroeconomic stabilisation strands.

Author Bio

Professor Ndubisi I. Nwokoma, an economist and Fellow of the Chartered Institute of Stockbrokers. He is also a Professor and Head, Department of Economics, University of Lagos, Akoka, Lagos, Nigeria. He was, until recently, the Chief of Financing, Industry and Investment in the Economic Development and NEPAD Division of the United Nations Economic Commission for Africa, in Addis Ababa, Ethiopia.

Publication Title

CBN Economic and Financial Review





Recommended Citation

Ndubisi, I. N. (2013). Capital flows and macroeconomic stability: theoretical and conceptual considerations. CBN Economic and Financial Review, 51(4), 1 - 25.

Included in

Economics Commons



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