THE IMPACT OF MONETARY POLICY ON COMMERCIAL BANK LENDING IN NIGERIA (A CASE STUDY OF FIRST BANK OF NIGERIA PLC)

CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY The importance of monetary policy in the economic development of developing countries has attracted a lot of attention in recent years. The perverse effect of interest rate controls, overvalued exchange rates, controlled lending and other control variables have led to a large volume of research relating to monetary … Read more

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 … Read more

EXCHANGE RATE PASS-THROUGH, MONETARY POLICY, AND PRICE STABILITY IN NIGERIA

  TABLE OF CONTENTS Title page-     –        –       –       –       –       –       –       –       i Certificate-     –       –       –       –       –       –       –       –       ii Dedication-     –       –       –       –       –       –       –       –       iii Acknowledgement-                –       –       –       –       –       –       iv Table of contents-   –       –       –       –       –       –       –       v … Read more

EFFECTIVENESS OF MONETARY POLICY IN STIMULATING ECONOMIC GROWTH IN NIGERIA

ABSTRACT Effectiveness of monetary policy in stimulating economic growth This study investigates the effectiveness of monetary policy in stimulating economy growth in Nigeria using AK production Function and Vector Autoregressive (VAR) model. The empirical evidence depicts that economic growth in Nigeria is influenced by money supply, electric power consumption, gross fixed capital formation and trade … Read more

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 … Read more

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