+234 813 0686 500
+234 809 3423 853
info@grossarchive.com

THE IMPACT OF MONETARY POLICY ON ECONOMIC GROWTH IN NIGERIA

  • Type:Project
  • Pages:47
  • Format:Microsoft Word
(Banking and Finance Project Topics & Materials)

THE IMPACT OF MONETARY POLICY ON ECONOMIC ROWTH IN NIGERIA

 

ABSTRACT

This study examined the effect of monetary policy on the Nigerian economic growth and also ascertained the relationship between the monetary policy and interest rate target, for the period of 2000-2014. The data used in running the analysis are Broad money supply (M2), Real interest rate (RIR), Real exchange rate (REXR) and Gross domestic product (GDP). The data was sourced secondarily from CBN statistical bulletin 2014. The ordinary least square method (Multiple Regression) was used to analyze the data, in which GDP is the dependent variable while Broad money supply (M2), Real interest rate (RIR), and Real exchange rate (REXR), are the dependent variables. From the findings, there is a positive relationship between money supply and economic growth. A positive relationship was found to exist between real exchange rate and economic growth while, real interest rate exhibited a negative association with economic growth. The researcher concluded that monetary policy can drive economic growth through money supply, exchange rate and interest rate. Based on the fact that economic growth is being influenced by monetary policy in Nigeria, the researcher therefore recommends that government should make favourable policies that would spur economic growth through proper monetary policy formulations.

 

 

THE IMPACT OF MONETARY POLICY ON ECONOMIC GROWTH IN NIGERIA

Share This

Details

Type Project
Department Banking and Finance
Project ID BFN1286
Price ₦3,000 ($9)
No of Pages 47 Pages
Format Microsoft Word

500
Leave a comment...

    Details

    Type Project
    Department Banking and Finance
    Project ID BFN1286
    Price ₦3,000 ($9)
    No of Pages 47 Pages
    Format Microsoft Word

    Related Works

    CHAPTER ONE  INTRODUCTION 1.1       Background to the Study Macroeconomic policy consists of the actions aimed at inducing appropriate changes in macroeconomic aggregates such as output, employment and the price level. The major components of macroeconomic policy include fiscal, monetary, debt management, exchange rate and prices and... Continue Reading
    IMPACT OF MONETARY POLICY OF ECONOMIC GROWTH IN NIGERIA PROPOSAL The Nigeria economy has been experiencing over the years the problems of unemployment, price level instability, lack of sustainable economic growth, balance of payment disequilibrium, inability to mobilize domestic saving and unsatisfactory expansion of domestic output. This has lead... Continue Reading
    Evaluation Of The Impact Of Monetary Policy On Economic Growth And Inflation In Nigeria ABSTRACT Generally, monetary policies seek to achieve relative macroeconomic stability. Based on countries’ experience especially that of Nigeria on the role of monetary policy in controlling economic stability, this study examines the efficacy of monetary... Continue Reading
    CHAPTER ONE  INTRODUCTION 1.1       Background to the Study Macroeconomic policy consists of the actions aimed at inducing appropriate changes in macroeconomic aggregates such as output, employment and the price level. The major components of macroeconomic policy include fiscal, monetary, debt management, exchange rate and prices and... Continue Reading
    ABSTRACT The purpose of this project is based on the effect of monetary policy on economic growth in Nigeria. This work discussed the meaning of monetary policy as monetary management techniques put in place by the government through the central bank to control money stock in order to influence broad macro-economic objectives. The data used is a... Continue Reading
    CHAPTER ONE INTRODUCTION 1.1   Background to the Study Monetary policy as a technique of economic management is to bring about sustainable economic growth and development. This has been the pursuit of nations, as articulated by Onyewu (2012) on how money affects economic aggregates. This view also dates back to the time of Adam Smith and later... Continue Reading
    This study examined the effect of Monetary Policy on the economic growth of Nigeria from 1990-2011, using Interest rate, Cash reserve ratio, Liquidity ratio, Exchange rate and Monetary policy rate as proxy for Monetary policy and RGDP as proxy for Economic growth. The study used the secondary data from CBN Statistical Bulletin. Ordinary Least... Continue Reading
    CHAPTER ONE INTRODUCTION 1.1            Background of the study However, monetary policy as a technique of economic management to bring about Sustainable economic growth and development has been the pursuit of nations and formal articulation of how... Continue Reading
    ABSTRACT The project titled “The Impact of Monetary Policy on Agricultural Growth in Nigeria between 1981 to 2009”. The main objectives of the study were to examine the impact of monetary policy on agricultural growth in Nigeria. Also to examine the relationship between monetary policy and agricultural growth in Nigeria. In analyzing the... Continue Reading
    ABSTRACT The study examined the impact of monetary policy in stabilizing the Nigeria economy. In the model specified inflation is the regress while cash research requirement, liquidity ratio, money supply, minimum rediscount rate, interest rate are the regressors. The government employs a deliberate manipulation of cost and availability of credit... Continue Reading