MASTER DEGREE PROJECT EXCHANGE RATE VARIATION AND INFLATION IN NIGERIA (1970- 2007) Master Degree Project in Economics and Finance D-Leval 15 ECTS Spring term Year 2008 Onosewalu Okhiria 761130-P319 Taofeek Sesan Saliu 761130-P719 Supervisor: Bernd-Joachim Schuller(PhD) Examiner: Max Zamanian (PhD) ABSTRACT This study examines the impact of exchange rate on inflation in Nigeria economy between 1970 and 2007. We analysed the trend of inflation and exchange rate in the last 38 years by evaluating
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the tires is improper the performance of the vehicle will be affected. One negative tire condition that can occur is low tire pressure/ under inflation. According to the Webster’s dictionary‚ under inflation is the insufficient presence of air pressure in a tire for the amount of load carried and vice versa for over inflation. This paper will examine the causes of reduced tire pressure‚ the tire pressure in places abroad‚ effects of under and over inflated tires‚ and tire pressure as it relates to furl
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Pollution and its types The term pollution refers to the act of contaminating ones environment by introducing certain hazardous contaminants that disturb the ecosystem and directly or indirectly affect the living organisms of that ecosystem. Pollution in general is the activity of disturbing the natural system and balance of an environment. The increase in the pollution over the years by man has caused severe damage to the earth’s ecosystem. It is responsible for global warming which is leading
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for money theory stated that a change in the supply of money in to the economy will cause a change in inflation rates‚ assuming the demand for money is constant. Dm = f(P‚ rb‚ re‚ 1/p x dP/dt‚ Yp‚ W) Interest rates are set by the Bank’s Monetary Policy Committee. The MPC sets an interest rate it judges will enable the inflation target to be met. This is the current policy on setting and controlling inflation in the economy‚ In the first three months of 2009‚ the UK economy shrank more than
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Must “quantitative easing” end in inflation? Quantitative easing is the increase of the money supply of banks from the government buying financial assets for the purpose of lending money. This is in response to a decrease in demand due to a fall in consumer and business spending. When the base rate are close to zero (liquidity trap)‚ as they are now in the UK‚ monetary policy to stimulate the economy by lowering interest rates cannot be used. So in this case‚ quantitative easing can be used to lead
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Eurozone unemployment and inflation both rise 01 March 2012 by Daniel Mason Eurozone unemployment rose to a record high in January‚ while inflation in the currency bloc has also continued its upward trend - a combination described by economists as "unpalatable" and a "double whammy of bad news". The jobless rate in the 17-member currency bloc was 10.7 per cent in January‚ up from 10.6 per cent in December‚ according to statistics published today by Eurostat. It means that‚ in January‚ there
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the “Inflation and growth of production: theory and practice”. Thus our presentation contains two main parts. Firstly we will look out the theory. Here we will single out the keinsian version of this question. Then we will review some statistic indexes which concern our topic. 1. Inflation - Monetary sense of "enlargement of prices" (originally by an increase in the amount of money in circulation) first recorded 1838 in Amer.Eng. Kinds On the Basis of Rate of inflation Inflation on this
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interest rates and inflation has a persistent impact on the well being of any given society. For this purpose it is the understanding that each individual in society should have an understanding of what such changes bring fourth for the man on the street. In this introduction‚ we are going to introduce certain key points to remember when dealing with interest rate- and inflation changes. Inflation is a sustained increase in the general level of prices for goods and services When inflation goes up‚ there
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Issue: Inflation Research question: How does inflation affect the average American citizen? In 1960‚ a McDonald’s hamburger was only 20 cents but today the same hamburger is $1.29‚ this is due to inflation. According to Oxford Dictionary inflation is defined as “A general increase in prices and fall in the purchasing value of money.” In other words inflation is the increase of the cost of goods and services overtime. Different goods and services experience rising costs at different rates. when
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ROLE IN CONTROLLING INFLATION ABSTRACT Inflation has become a fact of life in nearly all countries‚ but it is a very serious problem in the developing countries. As far as commercial banking is concerned‚ it erodes the value of the depositor’s savings as well as that of the bank’s loans. Yet the banking system does not seem to specifically address this problem. This paper makes an attempt at finding a way of compensating for the loss suffered by capital due to inflation. Identifies the transactions
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