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Full-Text Articles in Economics

Overview Of Monetary Policy In Nigeria, S. N. Ibeabuchi Dec 2007

Overview Of Monetary Policy In Nigeria, S. N. Ibeabuchi

Economic and Financial Review

This article provides and overview of monetary policy which is the instruments at the disposal of the monetary authorities to influence the availability and cost of credit/money M with the ultimate objective of achieving price stability. This overview is with reference to Nigeria.


Exchange Rate Versus Capital Account Liberalization In Nigeria: Some Important Issues, A. E. Akinlo, D. O. Yinusa Dec 2007

Exchange Rate Versus Capital Account Liberalization In Nigeria: Some Important Issues, A. E. Akinlo, D. O. Yinusa

Economic and Financial Review

This article examines the relationship between exchange rate and account liberalization in Nigeria. It focuses on monetary policy design and management in a fast-changing world. It highlights that the need for continuous research into this subject is highlighted by the reliance on monetary policy as the principal tool for economic stabilisation in emerging market economies.


Towards Inflation Targeting Framework For Monetary Policy In Nigeria: The Challenges For Central Bank Of Nigeria, M. Hugman Dec 2007

Towards Inflation Targeting Framework For Monetary Policy In Nigeria: The Challenges For Central Bank Of Nigeria, M. Hugman

Economic and Financial Review

This article examines inflation with reference to Nigeria. As an emerging market environment. Part one outlines briefly the underlying mechanisms of inflation-management and general approaches to inflation targeting. Part two focuses on issues that specifically relate to inflation targeting (IT) in emerging markets, including the possible macroeconomic impact of the transition process. Part three considers the sequence and timing of the transition to IT in Nigeria, on the shift in exchange rate management required to achieve long-term price stability. Additionally, Nigeria-specific challenges are also addressed. The paper concludes by noting that both the time frame and coordination for a successful …


Asset Price Movements And Derivatives: Implications For Monetary Policy In Nigeria, Ola Sholarin Dec 2007

Asset Price Movements And Derivatives: Implications For Monetary Policy In Nigeria, Ola Sholarin

Economic and Financial Review

The article highlights the importance of maintaining accurate market value for a wide variety of asset classes. From the perspective of speculators, the author discusses the methodology for identifying undervalued or overvalued assets for taking appropriate bet on such assets. From analysts, hedgers or investors perspective, this paper discusses how financial instruments derivative could be used to protect financial assets and return on such assets against volatility. The author highlights application of the same set of derivative instruments for speculative, regulatory arbitrageurs and other purposes. For the same group, this paper identifies fundamental variables that determine assets' prices in a …


Special Remarks, C.N.O. Mordi Dec 2007

Special Remarks, C.N.O. Mordi

Economic and Financial Review

This the special remarks delivered on the occasion of the opening ceremony of the 2007 CBN Executive Seminar on monetary policy in a changing environment for CBN Executive Staff.


Opening Address, O. A. Demuren Dec 2007

Opening Address, O. A. Demuren

Economic and Financial Review

The opening address at the 2007 CBN Executive Seminar the on monetary policy in a changing environment.


Inflation Targeting As A Tool Of Monetary Management: International Experiences, A. F. Odusola Dec 2007

Inflation Targeting As A Tool Of Monetary Management: International Experiences, A. F. Odusola

Economic and Financial Review

This article seeks to address the main prerequisites and key challenges of implementing inflation targeting across many countries and draws relevant lessons for countries that are contemplating the adoption of IT. To achieve this objective, the rest of the paper has been structured as follows. Following the introduction is part II which examines the theoretical framework for IT while the review of international experiences is contained in part III. Contemporary issues and challenges are considered in part IV while recommendations and conclusion are the focus of part V.


Monetary Policy And Economic Growth: Theoretical And Conceptual Issues, D. G. Omotor Dec 2007

Monetary Policy And Economic Growth: Theoretical And Conceptual Issues, D. G. Omotor

Economic and Financial Review

This article seeks to address the relationship between monetary policy and economic growth by enunciating the conceptual and theoretical issues that relate to monetary policy and economic growth. The paper is divided into five sections. Following the introduction in section 1, section 2 discusses the objectives of monetary policy. The monetary transmission mechanisms are schematically explained in section 3. Section 4 reviews the performance assessment of monetary policy and its framework in Nigeria. The constraints of monetary policy management in Nigeria are espoused in section 5. The final section concludes the paper.


A Monetary Policy Framework For Sudan, Warren Coats Oct 2007

A Monetary Policy Framework For Sudan, Warren Coats

Warren Coats

This short overview of the money supply process and the central bank's control of the money supply is tailored to the situation of Southern Sudan, now the independent country of South Sudan.


Role Of The Central Bank Of Iraq In Implimenting Monetary Policy, Warren Coats Jun 2007

Role Of The Central Bank Of Iraq In Implimenting Monetary Policy, Warren Coats

Warren Coats

Outlines the monetary policy regime in place in the Central Bank of Iraq and its operation following the replacement of the Baathist government in 2003