Download Tag: MONETARY POLICY

Abstract The purpose of this project work is based on the relative of monetary policy and economic growth in Nigeria. The study shows further, the aims and objectives of monetary policy which includes price stability, maintenance of balance of payment equilibrium, promotion of employment, tackling inflation, output growth and sustainable development. The literature review shed more light on conceptual and evolutionary framework of monetary policy in Nigeria, review of monetary ...

Abstract This study was on monetary policy in Nigeria banking industry. Three objectives were raised which included: to ascertain the impact of monetary affect the banking industry, to ascertain the impact of monetary on Nigeria economy and to identify the channel through which monetary policy influences the performance of banking sector in Nigeria. A total of 77 responses were received and validated from the enrolled participants where all respondents were ...

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND OF THE STUDY The development of central banking can be said to date from the middle of the 19th century, but precisely, there is no exact date when banking started in Nigeria. Historically, records showed that domestic banking activities started in 1961, when a shipping company Elder Dempter lines started banking services in Lagos. The chairman of the company in 1392 established the first banking, institution called ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND OF THE STUDY Monetary policy entails the government policies aimed at changing the quantity of money or credit condition. In every economy, after fiscal policy, the next most powerful macro-economic stabilization is monetary policy. In fact Monetary and fiscal policies are expected to work together as complements to achieve one goals of a sound macro economic management that include amongst other domestic price stability external sector ...

CHAPTER ONE 1.0   INTRODUCTION Monetary policy entails the government policies aimed at changing the quantity of money or credit condition. In every economy, after fiscal policy, the next most powerful macro-economic stabilization is monetary policy.   In fact Monetary and fiscal policies are expected to work together as complements to achieve one goals of a sound macro economic management that include amongst other domestic price stability external sector viability as ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND OF THE STUDY The monetary approach to balance of payments explains the elimination of payments disequilibrium in terms of factors bringing the demand and supply of money into equality.  It treats the supply of money as endogenous by assuming a feedback from the balance of payments through changes in international reserve to changes in the monetary liabilities of the central bank and government. One important ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY  Monetary policy is one of the macro-economic instruments with which nations (including Nigeria) do manage the economics. It entails those actions initiated by the monetary authorities which aim at influencing the cost and availability of credits (Wrightsman 1996). It covers gamut of measures or combination of packages intended to influence or regulate the volumes price as well as direction of money ...

ABSTRACT This study is designed to empirically analyze the effectiveness of monetary policy as a tool for controlling inflation in Nigeria. To investigate on this, hypothesis were formulated as follows: Ho: Monetary policy measures adopted over the years have no significant impact in inflation control in Nigeria. Hi: monetary policy measures adopted over the years have significant impact on inflation control in Nigeria. The researcher adopted the method of linear ...

CHAPTER ONE 1.0   INTRODUCTION According to the stallion, a quarterly publication of union bank of Nigeria Plc, (anniversary edition 1998).The earliest support for establishment of the central bank of Nigeria goes back to the period of the banking failures of’ the early 1950’s following which the power of control of banking was vested on the financial secretary. Many Nationalists’ leaders at that time urged for the creation of a central bank ...

ABSTRACT INTRODUCTION The subject matter of this project work has something to do with the Effectiveness of Monetary Policy as an instrument of Economy Development. It also entails the various policies adopted in an economy to realize the economic development for formulation and effective implementation of monetary policies. The monetary policy in Nigeria is best – understood from the stance of the mandate set for the bank. Monetary was viewed ...

CHAPTER ONE 1.1   BACKGROUND OF THE STUDY One of the most important aspects of macro economics is monetary policy which is being used as a tool to determine aggregate and average figures in the economy. This considers what determines total employment and production consumption total, investment in raising productive capacity, and how much a country imports and exports. It also asks what causes boom and slumps in the short run, and determines the long term ...

ABSTRACT Monetary policy consists of discretionary measures designed by monetary authorities to regulate and influence the supply, cost and direction of money and credit provided to the economy. This aspect of macroeconomic policy remains one of the cornerstones of economic policy formulation and implementation. Monetary policy is relevant irrespective of the economic framework in place. With the adoption of the inflation, this study examine the impact of monetary policy in ...

ABSTRACT Monetary policy consists of discretionary measures designed by monetary authorities to regulate and influence the supply, cost and direction of money and credit provided to the economy. This aspect of macroeconomic policy remains one of the cornerstones of economic policy formulation and implementation. Monetary policy is relevant respective of the economic framework in place. With the adoption of financial liberalization programme this study examines its impact of monetary policy ...

ABSTRACT This study is to examine the role of monetary policy in achieving price stability in Nigerian economy and the objectives are as follows; to examine the effectiveness of interest rate in achieving price stability in Nigerian economy and also to examine the effectiveness of money supply in achieving price stability. The method applied in analyzing data for this work are based on statistical at descriptive methods of analysis. (regression ...

ABSTRACT This study is designed to study the various ways by which monetary policies are used to examine and show empirical analysis of the impact of monetary policies on economic development in Nigeria. Monetary policies are used to influence the various aggregate in the real sector such as employment, price levels growth rates, balance of payments, exchange rates, and output, which if economist employs there will lead to development in Nigeria. The ...

ABSTRACT The subject matter of inquiry is "Monetary Policy as a tool of Achieving Price Stability in the Nigerian Economy". The study therefore examined the influence of money supply Monetary Policy Variable on Consumer Price Index (CPI), the effect of interest rate Monetary Policy Target Variable on domestic private investment and impact of money supply on Gross Domestic Product Proxy for economic growth for the periods 1991 to 2007. The ...

ABSTRACT The research study is directed towards a monetary policy and banking performance in Nigeria. The research investigates the effectiveness of monetary policy on the bank's profitability by using first bank of Nigeria: as a case study.  The structure of commercial bank's general policies and principles. The research composition was based on secondary data. The data collected from various sources was statistically analyzed with the' multiple regression analysis. The study found out that ...

CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY The development of central banking can be said to date from the middle of the 19thcentury.  But precisely there is no exact data when banking started in Nigeria.   Historically, records showed that domestic banking activities started in 1961, when a shipping company Elder Dempter Lines started banking services in Lagos the chairman of the company in 1392 established the first banking institution called ...

ABSTRACT The study has been carried out to examine the importance of monetary policy on Agric financing and development in Nigeria (A case study of First Bank of Nigeria Plc). It is a well established fact that monetary policy plays a vital role in the economic development and the achievement of macro-economic goals of any nation. The research sheds light on the importance of monetary policies to the agricultural sector ...

ABSTRACT Monetary policy is formulated side by side with banking policy and it relies majorly on financial programming which seek to ensure some consistencies among the macroeconomic variables in the Nigeria economy. Usually, the programme attempts to estimate an optimum quantity of money consistent with the assumed targets for Gross Domestic Product (GDP) growth rate, inflation rate and external reserves. With the estimate computed, the optimum level of money is ...