TY - BOOK ID - 84542044 TI - The Size and Sustainability of Nigerian Current Account Deficits PY - 2001 SN - 1462374182 1451986440 1281430064 9786613780348 1451897022 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Exports and Imports KW - Current Account Adjustment KW - Short-term Capital Movements KW - Open Economy Macroeconomics KW - International Lending and Debt Problems KW - International economics KW - Current account KW - Current account deficits KW - Current account balance KW - External debt KW - Current account surpluses KW - Balance of payments KW - Debts, External KW - Nigeria UR - https://www.unicat.be/uniCat?func=search&query=sysid:84542044 AB - This paper uses an intertemporal model of the current account and macroeconomic indicators to examine the size and sustainability of Nigerian current account deficits over the 1960-97 period. The results indicate that the Nigerian economy appeared to satisfy its intertemporal budget constraint during this period. However there were years marked by excessive current account deficits. The results also support the view that current account deficits accompanied by macroeconomic instability and structural weaknesses can degenerate in to an external crisis. ER -