01726cas a2200241 a 4500 AALejournalIMF003007 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451852059 1018-5941 BD-DhAAL BD-DhAAL Batini, Nicoletta. Achieving and Maintaining Price Stability in Nigeria / Nicoletta Batini. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (39 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper reviews the historical performance of monetary policy in Nigeria and discusses the relative merits of alternative monetary policy strategies that Nigeria could adopt in the future, once the many operational issues that today obstruct the conduct of monetary policy have been addressed. An analysis of external and fiscal dominance in Nigeria reveals that none of the candidate strategies is particularly appealing although, on various grounds, a long-run target for inflation combined with a free float seems to be the ultimate option. The paper shows how to design and operationalize such a regime in Nigeria when account is taken for the emerging market features of the economy. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2004/097 Full text available on IMF http://elibrary.imf.org/view/journals/001/2004/097/001.2004.issue-097-en.xml IMF e-Library