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Economics

Bullion

2011

Articles 1 - 19 of 19

Full-Text Articles in Social and Behavioral Sciences

Rationale For Financial System Regulation And Supervision: A Global Perspective, Victor Ekpu Dec 2011

Rationale For Financial System Regulation And Supervision: A Global Perspective, Victor Ekpu

Bullion

The paper examines the enormous role of financial institutions, especially banks to the efficient functioning of the economy. The shortcomings of regulation and supervision, notwithstanding, one can argue that because of the special role that financial institutions play in the economy and the economic and social costs to society of their eventual failure, it is obvious that leaving the forces of demand and supply to bear will have adverse implications on the economy and the living standards of the nation's citizens. lt is on this note that i expound on the various reasons for financial system regulation in section 2. …

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Diaspora Bonds: A Viable Source Of External Financing For Nigeria?, Omolara O. Duke Dec 2011

Diaspora Bonds: A Viable Source Of External Financing For Nigeria?, Omolara O. Duke

Bullion

The paper examines the need for external funding, arises from the inadequacy of domestic sources of funds to meet supply gaps and balance of payments (BOP) challenges and the potentials of Nigeria sourcing external financing through the issuance of Diaspora bonds. Following this introduction, Section ll reviews conceptual and empirical literature as well as country experiences on Diaspora bonds issuance. Section lll, discusses the bond market in Nigeria. ln Section lV. the prospects and challenges of issuing Diaspora bonds in Nigeria were highlighted. Section V concludes the paper.

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Interoperability And Infrastructure Sharing Among Financial Services Providers, Akinwunmi O. Akinniyi Dec 2011

Interoperability And Infrastructure Sharing Among Financial Services Providers, Akinwunmi O. Akinniyi

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This paper seek to explore the issues around interoperability and infrastructure sharing among financial services providers. especially in the context of o developing notion with the aim of highlighting on efficient path to successful implementation of the concepts. Following this introduction is on attempt to underscore the importance of shared infrastructure. The section ll identifies some key criteria for determining candidate infrastructure for sharing. Section lll is a consideration of pathways to achieving shared and interoperable infrastructure. Section lV contains suggested recommendations for implementation and conclusions.

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The Effect Of Global Financial Crisis On The Nigerian Capital Market: Lessons For Monetary Policy, Sunday Ogwuche Ameh Dec 2011

The Effect Of Global Financial Crisis On The Nigerian Capital Market: Lessons For Monetary Policy, Sunday Ogwuche Ameh

Bullion

The paper assesses the effect of the financial crisis on the Nigerian Capital market, and lessons for monetary policy with a view to providing valuable inputs that can be used to update policy decisions in Nigerian economy as well as examining the historical perspective of the recent global financial crisis.

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Managing Diversity And Inclusion In The Central Bank Of Nigeria: Prospects And Challenges, Job A. Olorunshola Dec 2011

Managing Diversity And Inclusion In The Central Bank Of Nigeria: Prospects And Challenges, Job A. Olorunshola

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This paper discusses key issues in managing diversity and inclusion in the CBN for organizational effectiveness. It is organized into five sections. Section Two, following the introduction, provides some theoretical background while section Three x-rays evidence of diversity and inclusion the CBN. Section Four discusses the key challenges and the way-forward in diversity and inclusion management in the Bonk. The last section concludes the paper.

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Understanding The Bretton Woods Institutions (Bwis) With Particular Reference To The International Monetary Fund (Imf), Adeniyi O. Adenuga, Osaretin Evbuomwan Dec 2011

Understanding The Bretton Woods Institutions (Bwis) With Particular Reference To The International Monetary Fund (Imf), Adeniyi O. Adenuga, Osaretin Evbuomwan

Bullion

The objective of this paper is to examine and discuss the workings of the Bretton Woods institution with particular focus on the international Monetary Fund (lMF). This is to enhance understanding of the expanded role of the lMF. The paper is divided into five parts. First is the introduction, Part ll, explains the IMF's role in the world economy, while Part lll presents relationships between the Fund and its members, highlighting member obligation to the Fund and Fund's obligation to its members. ln Port lV, the expanded roles of the Fund are discussed, while the conclusion is contained in Part …

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The Legal And Regulatory Framework For Non-Interest Banking In Nigeria, A. Atta Sep 2011

The Legal And Regulatory Framework For Non-Interest Banking In Nigeria, A. Atta

Bullion

Non-interest bonking is one of the aspects of Islamic finance. Islamic finance distinguishes itself from conventional finance through its compliance with the principles of Islamic commercial jurisprudence. This paper examines the legal and regulatory framework for non-interest banking in Nigeria. First the paper explored the global development of non-interest banking and goes further to highlight why would non-interest banking be beneficial for Nigeria?; In identifying this, the paper highlighted the main contracts that would be used for transactions which include: Profit sharing agreements, Joint venture agreements, Purchase and resole contracts, investment Certificates, insurance; the current legal and regulatory framework and …

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The Role Of Non-Interest Banking In National Economic Development, Hakeem Ishola Mobolaji Sep 2011

The Role Of Non-Interest Banking In National Economic Development, Hakeem Ishola Mobolaji

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The paper examines non-interest Banking model that operates devoid of interest in lending, financing, deposit-taking and all forms of financial intermediation. Hence, the bank becomes an important financial institution for enhancing growth and development in an economy. The article is divided into five section, the first being the introduction, section two contains the conceptual framework, three highlights non-interest banking in Nigeria and four concludes the paper.

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Overview And Conceptual Issues Of Non-Interest Banking In Nigeria, B. A. Umar Sep 2011

Overview And Conceptual Issues Of Non-Interest Banking In Nigeria, B. A. Umar

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This paper examines the role of non-interest banking in national development. The paper is divided into five sections, the first section contains the introduction, section 2 has the conceptual framework, section three gives non-interest bonking in Nigeria and section four concludes the paper.

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Sources And Application Of Funds In Non Interest Banking Regime, A. S. Abdulkarim Sep 2011

Sources And Application Of Funds In Non Interest Banking Regime, A. S. Abdulkarim

Bullion

The concept of Islamic finance is a new phenomenon in Nigeria. At present there are over 300 Islamic Banks that are operational throughout the world. Like conventional banks, Islamic banks also needs funds to operate its banking activities.This paper explores the sources and application of funds in non-interest banking regime. Sources of funds to include deposits, deposits from other Islamic banks, banks equity, Islamic investment funds and placement from bank treasury.

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Ecowas Single Currency By Year 2020: The Need For Timely And Reliable Data To Enhance The Achievement Of The Convergence Criteria, Olorunyomi L. Akinboyo Jun 2011

Ecowas Single Currency By Year 2020: The Need For Timely And Reliable Data To Enhance The Achievement Of The Convergence Criteria, Olorunyomi L. Akinboyo

Bullion

The issue of single currency in West Africa has long been on the agenda of the political and monetary authorities since the inception of ECOWAS in 1975. The principal aim of economic and monetary integration effort was to expand intra-community trade. As obtained in other regional blocks especially in the euro area where a single currency the, 'Euro' is used. ECOWAS identified a number of impediments to the development of inter-regional trade. which include multiplicity of currencies, widespread controls and restrictions on exchange transactions. Consequently, member central banks and other relevant agencies adopted brood and diverse set of statistical data, …

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Monetary Integration: The West African Experience, Emmanuel Ating Onwioduokit Jun 2011

Monetary Integration: The West African Experience, Emmanuel Ating Onwioduokit

Bullion

This paper discusses the experience of monetary integration in West Africa. The second part of the paper presents on historical overview of monetary integration in West Africa. Part lll briefly examines the Union Economique et Monetoire Ouest Africaine (UEMOA). Part lV discusses the Second Monetary Zone in West Africa (WAMZ), while Part V contains performance assessment of the ECOWAS Monetary Cooperation Programme. The Lingering Challenges ore outlined in Port Vl. Part Vll contains some concluding remarks.

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Exploiting Public Private Partnership As A Tool For Infrastructure Development In Nigeria., Sani F. Mohammed Jun 2011

Exploiting Public Private Partnership As A Tool For Infrastructure Development In Nigeria., Sani F. Mohammed

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The paper highlights the importance of infrastructure development to economic growth and the need for government to toke a more strategic approach to tackling its dearth in Nigeria stressing the need to consider the Public-Private Partnership (PPP) as the preferred public infrastructure procurement option. This was in the light of the fact that the traditional procurement methods hove proved ineffective due to the growing competition for limited state funds, and the citizens' higher expectations for efficient services in critical sectors such as power, transportation, waste management. etc. The paper also reviewed the literature on PPP, its models, benefits and examples …

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Money And Inflation: Evaluating The Effectiveness Of Monetary Policy In Nigeria, Mbutor O. Mbutor, Okafor Ifeanyi Izuchukwu, Ameh Oguche Sunday Jun 2011

Money And Inflation: Evaluating The Effectiveness Of Monetary Policy In Nigeria, Mbutor O. Mbutor, Okafor Ifeanyi Izuchukwu, Ameh Oguche Sunday

Bullion

The paper establishes the relationship between monetary policy and inflation.

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Liquidity Forecasting: Nigeria's Experience, Abdulrasheed Zubair Mar 2011

Liquidity Forecasting: Nigeria's Experience, Abdulrasheed Zubair

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This paper discusses the experience of the Central Bank of Nigeria (CBN) in liquidity forecasting by examining the key components of the Central Bank balance sheet. The paper is divided into four sections; following this, is section two which discusses the conceptual framework. Section three covers Nigerian experience in liquidity forecasting and techniques employed while section four contains the challenges of liquidity forecasting in Nigeria and the way forward and lastly, section five concludes the paper.

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Strategy For Economic Development In South Korea: Lessons For Nigeria, B. N. Yaaba Mar 2011

Strategy For Economic Development In South Korea: Lessons For Nigeria, B. N. Yaaba

Bullion

The paper is organized into six sections; introduction, section two presents on overview of Korea's economic development, section three looks of the success factors. Section four examines the emerging challenges while section five draws some lesson for Nigeria from the Korean experience and section six concludes the paper.

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Nigerian Sovereign Wealth Fund (Swf): Lessons From Existing Swf, M. U. Yakub Mar 2011

Nigerian Sovereign Wealth Fund (Swf): Lessons From Existing Swf, M. U. Yakub

Bullion

This paper examines the merits and demerits of some existing SWFs with the view of drawing some lessons of experience for Nigeria to establish its own SWF. Following this introduction, the paper in section two outlines the objective of SWF, section three discusses the merits and demerits of SWF, while section four examines countries experiences and section five dwells on the institutional framework for the fund and section six provides policy recommendation.

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A Common Economic Space For The West African Monetary Zone (Wamz): Imperatives For Financial Systems Development, A. O. Adenuga, K. K. Ogunjuiba, M. E. Obiechina Mar 2011

A Common Economic Space For The West African Monetary Zone (Wamz): Imperatives For Financial Systems Development, A. O. Adenuga, K. K. Ogunjuiba, M. E. Obiechina

Bullion

The international financial turmoil of the 21 century has provoked much reflection and analysis within the international community on ways to strengthen the international financial architecture. It left behind important lessons, while exposing the limitations of individual country policy frameworks for preventing a systemic crisis. However, the issue of whether a common economic space is feasible within the West African Monetary Zone is still doubtful, given current efforts towards monetary union in Sub-Saharan Africa. This paper adopts an empirical review approach, identifying benefits and key constraints to a common economic space in the WAMZ vis-à-vis macroeconomic development in the WAMZ, …

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The Recent Financial Crisis And The Special Financing Interventions By The Central Bank Of Nigeria: Implications For The Real Sector Of The Nigerian Economy, O. O. Mbutor, D. J. Yilkudi Mar 2011

The Recent Financial Crisis And The Special Financing Interventions By The Central Bank Of Nigeria: Implications For The Real Sector Of The Nigerian Economy, O. O. Mbutor, D. J. Yilkudi

Bullion

This paper reviews the impacts of the crisis on the real sector of the Nigerian economy and highlights the various special financing intervention schemes, which the Central Bank of Nigeria (CBN) has wielded in a bid to reverse the down turn in the sector.

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