It takes the average reader and 21 minutes to read Non-Resident Holdings of Domestic Debt in Nigeria: Internal or External Driven? by Amr Hosny
Assuming a reading speed of 250 words per minute. Learn more
Foreign holdings of domestic debt instruments in Nigeria have been increasing. Using data over 2007M1-2019M1, we show that, on average, global factors (global interest rates, oil prices) seem to carry more weight than domestic factors (treasury bills rate and domestic risk) in foreign portfolio invetsors’ decisions in Nigeria. Specifically, we show that foreign participation is, in the long run, positively correlated with oil prices and profitable rates of return on local-currency instruments, but negatively correlated with exchange rate depreciation pressures. In the short run, oil prices, opportunity cost of funds and perception of Nigeria-specific risks also play a role. These results highlight the volatile short-term nature of such flows and call for a package of policy reforms to attract longer term direct investments.
Non-Resident Holdings of Domestic Debt in Nigeria: Internal or External Driven? by Amr Hosny is 21 pages long, and a total of 5,271 words.
This makes it 7% the length of the average book. It also has 6% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 28 minutes to read Non-Resident Holdings of Domestic Debt in Nigeria: Internal or External Driven? aloud.
Non-Resident Holdings of Domestic Debt in Nigeria: Internal or External Driven? is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
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