01723cas a2200241 a 4500 AALejournalIMF004512 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451942880 1018-5941 BD-DhAAL BD-DhAAL Wang, Jian-Ye. Macroeconomic Policies and Smuggling : An Analysis of Illegal Oil Trade in Nigeria / Jian-Ye Wang. Washington, D.C. : International Monetary Fund, 1994. 1 online resource (26 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 Based on a simple model, the paper provides an explanation for illegal oil trade between Nigeria and its neighboring countries. The analysis focuses on the linkages between the level of smuggling and changes in the Government's fiscal, monetary, and domestic pricing policies. It is shown that smuggling has implications for inflation and currency depreciation. A vicious circle emerges when financial policies are expansionary and policy makers attempt to hold the domestic sale price of oil constant. Macroeconomic indicators of Nigeria over the period 1986-1993 appear to support the predictions of the model. Policy implications of the analysis are also noted. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1994/115 Full text available on IMF http://elibrary.imf.org/view/journals/001/1994/115/001.1994.issue-115-en.xml IMF e-Library