Effect of Monetary Policy in Nigeria - 5936 Words

TABLE OF CONTENTS CHAPTER ONE: INTRODUCTION 1.1 Background of the study 1.2 Statement of the problem 1.3 Objectives of the study 1.4 Research Question 1.5 Research Hypothesis 1.6 Significance of the study 1.7 Scope of the study 1.8 Organization of the study 1.9 Definition of terms. CHAPTER TWO: LITERATURE REVIEW 2.1 Theoretical framework 2.2 Concept of monetary policy 2.3 Instrument of monetary policy 2.4 Monetary policy and inflation control 2.5 Problems associated with inflation control CHAPTER THREE: RESEARCH METHODOLOGY 3.1 Research Design 3.2 Sources of data collection 3.3 Method of Data collection 3.4 Technique of Data†¦show more content†¦The direct monetary control measures used after the deregulation era were adopted, yet the effectiveness of these various control approaches has been undermined by some inherent problems. 1.2 STATEMENT OF THE PROBLEM Relative price stability is one of the main goals of monetary policy. Stable price level should be able to stimulate economic growth and development. It is in recognition of this that government at all times design appropriate measures as well as monetary institution with authority to formulate and implement policies aim at maintaining stable price level so as to achieve set macroeconomic objectives. The central bank of Nigeria is the apex monetary authority that formulates and implements monetary policy in Nigeria aim at achieving stable price. Given the number of years the central bank had been in existence and of numerous monetary policy measures, one will expect that domestic price could have been relatively stable. However, inflation has continued recently to be a leading topic in Nigeria families and press as its effect penetrate more deeply into the nations despite monetary policy measure by the relevant monetary authorities hence the need of this study of determine the effe ct of monetary policy on the control of inflation in Nigeria. 1.3 OBJECTIVES OF THE STUDY The basic objectives of this study is toShow MoreRelatedEffect of Monetary Policy in Banking Industry in Nigeria1068 Words   |  5 PagesCHAPTER THREE RESEARCH METHODOLOGY 3.1 AREA OF STUDY The area of study o this research work is to determine the effect of monetary policy on the performance of banks in Nigeria. This study will cover all the commercial banks that have been in existence since 1975-2004. More so, the aggregates rate is used in assessing their performance. 3.2 METHOD OF INVESTIGATION/SOURCE OF INFORMATION According to Asika (2002), research work can be defined as the restructuring of investigation aimed at identifyingRead MoreThe Effect Of Macroeconomic Indicators On Economic Growth On A Petrol Dollar Economy Essay1391 Words   |  6 PagesTHE EFFECT OF MACROECONOMIC INDICATORS ON ECONOMIC GROWTH IN A PETROL-DOLLAR ECONOMY: THE NIGERIAN EXPERIENCE 1. Introduction The Central Bank of Nigeria Act of 1958(CBN) vested the monetary policy powers of economic stability on the apex regulatory bank (CBN).Since our independence in 1960,CBN has operated a fixed exchange regime which was at various times was at par with the British pounds and later the United States Dollar. This exchange rate regime was operated in additionRead MoreAdvantages And Disadvantages Of Regional Trading Blocs Such As The Eu1446 Words   |  6 Pagesstages of economic integration. 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Economic analysis