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To determine the relative importance of both the domestic and external influences on monetary policy formulation, this paper constructs a broad monetary conditions index for Nigeria. It brings together the three key channels of monetary transmission, namely interest rate, exchange rate and...
Persistent link: https://www.econbiz.de/10011474824
deposit money banks (DMBs) balance sheets, and ultimately reflects in output and prices. Using quarterly macroeconomic data …
Persistent link: https://www.econbiz.de/10011489517
The paper examines the adjustment of retail and money market interest rates to changes in discount corridor of the …
Persistent link: https://www.econbiz.de/10013272879
may portend negative implications for the stability of the money demand function as well as the effectiveness of monetary …
Persistent link: https://www.econbiz.de/10011460447
money demand equations based on a partial adjustment and an autoregressive distributed lag models using three definitions of …, exchange rate risks and political uncertainties during the Yar'adua-Jonathan presidency. Also, the money demand estimations …
Persistent link: https://www.econbiz.de/10011488762
- sponding higher aggregate of the simple sum broad money supply (M3). Applying the indicators to money demand function the … policy. It is therefore, recommended that the Divisia broad money index be used as complement to the simple sum broad money …
Persistent link: https://www.econbiz.de/10014282087
Persistent link: https://www.econbiz.de/10012005632
This paper examines the dynamics of deposit money banks (DMB) credit and the role of consolidation in credit growth in …
Persistent link: https://www.econbiz.de/10011474279
This paper examines the link between unemployment and monetary policy in Nigeria using a vector autoregressive (VAR) framework for the period 1983q1 - 2014q1. The paper investigates the effect of structural change by identifying three structural breakpoints and incorporating them into the VAR...
Persistent link: https://www.econbiz.de/10011534885
Studies on money supply determinants focus on the Classicists or Monetarists, Key-nesians and post-Keynesians variables … like income and money multiplier. This re-search extends the literature on money supply determinants to include the influ …-ence of financial liberalization on money supply with a reference to Nigeria between1980 and 2019, using the Autoregressive …
Persistent link: https://www.econbiz.de/10012513313