The Impact of Monetary Policy on Balance of Payment in Nigeria

The Impact of Monetary Policy on Balance of Payment in Nigeria

In economic literature, divergent views exist on what constitute monetary policy and what the concept of balance of payment is all about, and at the same time what monetary policy seeks to achieve.

According to Udegbunam (2003), “Monetary policy is widely understood to be an important instrument of macro economic demand management, despite the lack of consensus among economics on how it actually works and on the magnitude of its effects on the economy.”  Emeko (2008) also cited this in his study of monetary policy and macroeconomic stability in Nigeria. [Read more…]

Credit Guidelines – An Instrument of Monetary Policy in Nigeria

Credit Guidelines – An Instrument of Monetary Policy in Nigeria

Credit Guidelines – This project topic is very sensitive in any economic set – up and as a result much has been said and written on it by eminent scholars and different school of thought in the field of monetary, economics, banking and finance. [Read more…]

Monetary Policy in Nigeria – The Impact of Monetary Policy on Nigeria’s Economic Growth

Monetary Policy in Nigeria – The Impact of Monetary Policy on Nigeria’s Economic Growth

Monetary Policy in Nigeria – Developing countries growth policies are better delivered as full packages since fiscal and monetary policies are inextricable, except in terms of the instruments and implementing authorities. However, monetary policy appears more potent in  correcting short term macroeconomic maladjustments because of the frequency in applying and altering the policy tools, [Read more…]