Research Department, Central Bank of Nigeria
Capital Flows, Macroeconomic Stability, Macroeconomics, Remittances
This article examines the impact of foreign capital flow in industrialised countries. The theoretical foundation for the proposition that capital flows can promote macroeconomic performance and stability of emerging economies was entrenched in the 2-gap model, which posits that development may be hampered by the existence of both the savings and foreign exchange gaps in the developing countries.
Nwokoma, Ndubuisi I. (2013). Capital Flows and Macroeconomic Stability: theoretical and conceptual considerations. Economic and Financial Review, 51(4), 1-26.