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Full-Text Articles in Social and Behavioral Sciences
The Economic Effects Of Money Laundering On The Nigerian Economy: Some Emerging Issues., U. Kama
The Economic Effects Of Money Laundering On The Nigerian Economy: Some Emerging Issues., U. Kama
Economic and Financial Review
Although the economic effects of money laundering on economic development are difficult to quantify, it is evident that such activity damages the financial institutions which are critical to economic growth. Besides, it reduces productivity in the economy's real sector by diverting resources and encouraging crime and corruption, which slow economic growth. Furthermore, such activity can distort an economy's external sector through international trade and capital flows to the detriment of long-term economic development. This paper attempts to explore the economic effects of this malaise on the Nigerian economy. It observes that if money laundering is not tamed, it has the …
The Imperatives Of E-Banking For Monetary Policy In Nigeria., A. Bamidele
The Imperatives Of E-Banking For Monetary Policy In Nigeria., A. Bamidele
Economic and Financial Review
The electronic delivery of banking services is fast gaining wide acceptance in many jurisdictions including Nigeria. The importance of this channel of banking service delivery has been strengthened by advancement in information and communications technology (ICT) that has reshaped global financial architecture. This paper examines the crucial nature of electronic banking (e-banking) to monetary policy implementation in Nigeria and advocated necessary actions for enhancing the effectiveness and efficiency of monetary policy execution for the achievement of the ultimate target of economic growth and development. It is postulated that, subject to initial conditions and establishment of risk mitigating factors, e-banking is …