THE IMPACT OF OPEN MARKET OPERATION ON PRICE STABILITY IN NIGERIA

CHAPTER ONE INTRODUCTION 1.1       BACKGROUND OF THE STUDY In general terms, monetary policy refers to a combination of measures designed to regulate the value, supply and cost of money in an economy, in consonance with the expected level of economic activity. For most economies, the objectives of monetary policy include price stability, maintenance of balance […]

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DETERMINANTS OF DEMAND FOR MONEY AND ITS STABILITY IN NIGERIA (1991-2014)

  CHAPTER ONE INTRODUCTION 1.1     Background to the Study A sound monetary policy formulation presupposes theoretically coherent and empirically robust model of money demand. To monetary authorities, the stability of the money demand function is necessary for understanding how the formulation and implementation of an effective monetary policy is crucial in offsetting the fluctuations that […]

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DETERMINANTS OF DEMAND FOR MONEY AND ITS STABILITY IN NIGERIA

DETERMINANTS OF DEMAND FOR MONEY AND ITS STABILITY IN NIGERIA (1991-2014) ABSTRACT   This study examines the determinants of the broad money demand and its stability in Nigeria over the quarterly period 1991:Q1 to 2014:Q4. Most studies on the determinants and stability of the money demand function have been focused on the advanced economies. Only […]

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