Capital flows, capital control and exchange rate regimes
The objective of this presentation is to examine the importance of capital controls on the flow of foreign capital under the current circumstance for the benefit of the Nigerian economy. Part II of the paper looks into some critical issues in the global capital flows by identifying the principal agents; structure and trends of the flows; effects; and policy options in managing the flows. In Part III, an attempt is made to review the historical developments of global governance of capital controls since the pre-World War I, while Part IV examines the policy challenges in capital control management strategies. Part V examines the on-going ECOWAS financial integration among its Member States, coming at a time of increasing voice for a return to the Bretton Woodsâ€˜s ideology. Part VI concludes the paper with charting a framework for increasing the resilience of the Nigerian capital flow system.