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Macroeconomic risk management in Nigeria : dealing with external shocks (Английский)

The Nigerian economy is highly dependent on a number of external variables beyond the control of policymakers and domestic agents. Most important among those variables is the price of oil, which is highly uncertain and determined in fluctuating international markets. With oil accounting for more than 90 percent of Nigeria's exports, 25 percent of its GDP, and 80 percent of its public revenue, a fairly small price change can have a significant impact...
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