Download Tag: MONETARY POLICY

ABSTRACT The highly unsuitable economic conditions in Nigeria has been a major source of concern among economic and policy makers in recent time.  These economic problems can be attributed to the existence of market failure and the inability of the price mechanism to efficiently allocate scarce among economic agents. This research sets out to examine the extent to which government intervention through monetary policy has been able to regulate the ...

ABSTRACT The purpose of this project work is based on the relative performance of monetary policy in the Nigerian economy. This work discussed the meaning of monetary policy is as combination of measures designed to regulate the value, supply and cost of money in an economy in consonance with the expected value of economies activities. The study shows further, the aims and objectives of monetary policy which includes price stability, ...

ABSTRACT This study aimed at analyzing through econometric methodology the effects of monetary policy in Nigeria economy. To meet the above objective, output growth was chosen as the dependent variable while real exchange rate, real interest rate and inflation was chosen as the independent variable. The ordinary least square was used in the regression estimation. From the empirical result, we realized that the entire explanatory variables are insignificant in the ...

CHAPTER ONE INTRODUCTION I.I   BACKGROUND OF THE STUDY Before the establishment of the Central Bank of Nigeria the West African Currency Board (WACB) which was established in 1912 had the responsibility for issuing legal tender currency. The WACB was set up to promote the financing of the export trade. It was the duty of WACB to issue West African currency. The exchange of existing currencies and the investment of reserves. ...

INTRODUCTION 1.1    BACKGROUND OF THE STUDY One of the major issues which have occupied the mind of government for years is the impact of monetary policy as a tool for price stability in Nigeria. Despite the lack of consensus amongst the economy, there is remarkable strong agreement that monetary policy as an economy stabilizing measure in Nigeria refers to the persistence rise in the general price level. Monetary policy is ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND OF THE STUDY One important factor affecting the level of economic activities in any economy is change in supply.  These changed affects directly the rate of spending by the citizen of the country.  It is therefore, because of the economic importance of monetary that the monetary authorities has devoted time and resources towards money management with a view of reaping the benefits inherent therein. The ...

ABSTRACT This study aims to analyze through the econometric methodology of the effects of monetary policy in the Nigerian economy. To achieve the above objective, the growth in production was chosen as the dependent variable, while the real exchange rate, real interest rates and inflation has been chosen as the independent variable. The ordinary least square was used in the regression estimate. According to the empirical results, we realized that ...

ABSTRACT  This research work examines the impact of monetary policies on foreign trade in Nigeria. The research made use of secondary data which are collected from the Central Bank of Nigeria, Statistical Bulletin (2010). The data were collected for the period of thirty years (i.e.) 981-2010). The study employed quantitative analysis approach. The variables considered appropriate indices for monetary policy were Money Supply, Interest Rate, Exchange Rate, Inflationary Ratio and ...

ABSTRACT The earnest expectation of every economy over the year has been to attain the highest possible level of economic growth and development. This research work is on the ‘’Impact of Monetary Policy on Economic growth in Nigeria’’ between the period of thirty years (30) covered from 1980-2010. The Impact of monetary policy in an economy has been a continuous discussion in every economy especially developing economics which will give ...

ABSTRACT The purpose of this project work is based on the relative performance of monetary policy in the Nigerian economy. This work discussed the meaning of monetary policy is as combination of measures designed to regulate the value, supply and cost of money in an economy in consonance with the expected value of economies activities. The study shows further, the aims and objectives of monetary policy which includes price stability, ...

ABSTRACT This study examines the impact of monetary policy on Nigerian economy using annual data from the period 1970-2009. The empirical findings starts by checking the stationary level of variables using the Augmented Dukey-Fuller test. Also the stationary test was followed by the co-integration test to test for long run relationship among the variables, which was followed by testing the short run relationship among variables using the Vector Autoregressive model.           From ...

ABSTRACT Generally, monetary policies seek to achieve relative macroeconomic stability. Based on countries’ experience especially that of Nigeria on the role of monetary policy in controlling economic stability, this study examines the efficacy of monetary policy in controlling inflation rate and output fluctuation and taking into cognizance the evaluation and framework of monetary policy in Nigeria.  Using annual data spanning over 1985-2008 and applying the Ordinary Least Square (OLS) technique on ...

ABSTRACT This study examined the impact of monetary policy on economic growth in Nigeria from 1979-2008. The study adopted error correction model specification. Data was collected from CBN statistic bulletine, the statistical techniques with the aid of P.C. give software package. The finding from the study support the view that monetary variables used has no significant impact on economic growth in Nigeria The study recommend autonomy of the monetary authority ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Monetary polices in Nigeria and the United Kingdom, the central bank of Nigeria and the bank of England act as advisers to the government over monetary polices. The authorities take the final decision on the matters. In Germany, the contrast in the case because the German central, the bunds bank of Germany has a constitutional independency in setting the monetary polices. The central ...

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 ...

ABSTRACT This study aimed at analyzing through econometric methodology the effects of monetary policy in Nigeria economy. To meet the above objective, output growth was chosen as the dependent variable while real exchange rate, real interest rate and inflation was chosen as the independent variable. The ordinary least square was used in the regression estimation. From the empirical result, we realized that the entire explanatory variables are insignificant in the ...

INTRODUCTION 1.1    BACKGROUND OF THE STUDY One of the major issues which have occupied the mind of government for years is the impact of monetary policy as a tool for price stability in Nigeria. Despite the lack consensus amongst the economy, there is remarkable strong agreement that monetary policy as an economy stabilizing measure in Nigeria refers to the persistence rise in the general price level. Monetary policy is one ...

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 well as ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY The economic and financial situation of a country is largely based on the monetary policy being implemented by the Central Bank of the country. It is widely agreed that monetary policy can contribute to sustainable growth by maintaining price stability. According to Christiano and Fitzgerald (2013), when the rate of inflation is sufficiently low households and businesses do not have to take ...

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 ...