Journal of Economics and Economic Education Research (Print ISSN: 1533-3590; Online ISSN: 1533-3604)

Abstract

Hot Money Inflow Monetary System and Inclusive Growth in Nigeria

Author(s): Ogunrinola Ifeoluwa, Edo Samson, Bowale Ebenezer

This study examines the interactive effect of hot money inflows and the monetary system on inclusive growth in Nigeria. The structural vector autoregressive (SVAR) technique is employed to examine this interactive effect. Findings from the study reveal that inclusive growth is positively and significantly impacted by hot money inflows passing through the monetary system. The study therefore, recommends that policies aimed at attracting more inflows of short term capital such as interest rate policies, exchange rate deregulation policies, lower inflation targeting policies, targeting higher GDP growth rates, and the development of stock market structure are to be uncompromisingly pursued.