EVALUATION OF MONETARY POLICY AND ITS IMPACT ON NIGERIA BANKING INSTITUTION
- Project Research
- 1-5 Chapters
- Quantitative
- Regression
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
INTRODUCTION
Monetary policy is a scheme of intervention initiated by the monetary authorities, typically the central bank, to maintain and regulate the demand for and supply of money with the public and the public and the flow of credit with view to achieving predetermined macroeconomic goals
Currently, fiscal policy has been taken to be a very vital measure in controlling the Nigeria economy this is one of the principal functions of the central bank of Nigeria (CBN). According to Soludo (2015), the CBN assumes this obligation on behalf of the federal government of Nigeria, following a procedure defined in the Nigerian Central Bank Act. Section 8 subsections 1 and 2 of Decree 24, 1991 require the Governor to keep the President aware of the monetary and banking policy conducted or expected to be followed by the Bank. After careful deliberation, the president may, in writing, order the bank as to monetary and banking policies followed or proposed by the board, which shall immediately take all necessary or expedient actions to give effect thereto (Uchendu 2015).
The federal Government have seen economy as a result of unstable exchange rate. Is cobbling, and have decided to improve and maintain to strengthening balance of payment and maintenance of stable domestic price level.
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