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Full-Text Articles in Social and Behavioral Sciences

Monetary Policy And The Performance Of Commercial Banks In Nigeria, Okorie A. Uchendu Jun 1995

Monetary Policy And The Performance Of Commercial Banks In Nigeria, Okorie A. Uchendu

Economic and Financial Review

The purpose of this study is primarily to investigate the impact of monetary policy on the performance of the commercial banking industry in Nigeria. An analysis of the industry data showed a strong relationship between monetary policy instruments and commercial bank profitability measures, suggesting that appropriate monetary and banking policies are important factors to the continued stability and profitability of the commercial banking industry. More importantly, the evidence of oligopolistic competition in the commercial banking industry involving the three big commercial banks raises questions on their influence on effective transmission of monetary policy in Nigeria, role as financial intermediaries and …


1995 Monetary Policy- Press Briefing, Paul A. Ogwuma Dr. Mar 1995

1995 Monetary Policy- Press Briefing, Paul A. Ogwuma Dr.

Bullion

This is press briefing by the Governor of Central Bank of Nigeria. It is aimed at providing detailed elaboration on the policy thrust and modus operandi of the monetary and foreign exchange policy measures for 1995.


Monetary And Banking Policies In The 1995 Federal Government Budget., M. O. Ojo Mar 1995

Monetary And Banking Policies In The 1995 Federal Government Budget., M. O. Ojo

Bullion

The focus of this paper is on the role of monetary policy in the budget. It outlined and analyse the monetary programme which forms part of the macroeconomies policy framework of the Budget.


The Conduct Of Monetary And Banking Policies By The Central Bank Of Nigeria, V. A. Odozi Mar 1995

The Conduct Of Monetary And Banking Policies By The Central Bank Of Nigeria, V. A. Odozi

Economic and Financial Review

Monetary and banking policies are usually the responsibilities of the Monetary Authorities which comprise the Central Bank and the Central Government. In Nigeria, while the Central Bank exercises primary responsibilities for initiating, articulating, implementing and appraising such policies, the Bank's proposals are subject to the approval of the Federal Government. To facilitate the understanding of the conduct of monetary and banking policies by the CBN, it is necessary to articulate the theoretical framework of monetary policy, the CBN-monetary management techniques, as well as the policy measures adopted since 1986 to reform and strengthen -the banking system.


Key Issues In The Reform Of Central Bank Legislation, Warren Coats, Henry Schiffman Dec 1994

Key Issues In The Reform Of Central Bank Legislation, Warren Coats, Henry Schiffman

Warren Coats

In order to improve the performance of central banks, monetary arrangements should be designed to anchor monetary policy to long-run considerations and to establish specific accountability for its implementation. In order to strengthen the long-run view needed for monetary stability against the short-run problem solving perspective more typical of governments and parliaments, there has been a growing movement in recent years in all regions of the world toward increasing central banks' independence from governments and parliaments. In all countries, the responsibility for the monetary system is ultimately the state’s. This responsibility is often explicit in a country's constitution. Central bank …