IMPACT OF MONETARY POLICY INSTRUMENTS ON THE ECONOMIC GROWTH OF NIGERIA, 1982-2011

CHAPTER ONE                                                 INTRODUCTION 1.1       BACKGROUND OF THE STUDY One of the greatest challenges facing nations is how to achieve sustainable economic growth and development and formal articulation of how money affects economic growth dates back to the time of Adams Smith and later championed by the monetary economists (Adefeso and Mobolaji, 2010:13). This is […]

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AN EVALUATION OF MONETARY POLICY INSTRUMENTS IN ACHIEVING MONETARY TARGETS IN NIGERIA

CHAPTER ONE INTRODUCTION Background of the Study Because money can affect many economic variables that are important to the wellbeing of any economy, politicians and policy makers throughout the world care about the conduct of monetary policy- that is -the management of inflation rates, exchange rates and interest rates (Cukierman, Webb and Neyapti, 1992). The […]

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