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 and money to achieve this economic objective. The CBN being the sole regulatory body combines measures designed to regulate the value, supply and cost of money into economic activities. This is what we call monetary policy (CBN Brief 1996/03). It is against this background that the research is carried out to ascertain the effect in the use of monetary policies such as money supply, interest rate, liquidity ratio, minimum rediscount rate, inflation rate and cash reserve requirement to stabilize the Nigeria economy. Also to determine the relationship that exists between the independent variables and dependent variable from the secondary data for the period under study (1980 - 2010). The statistical technique that will be used for this analysis is the ordinary least square technique, with the aid of PC five 8.00 software package. It has been identified that the major problem militating against the poor performance of monetary policy instruments in stabilizing the economic in Nigeria is time – lags which involves policy employed to take many months to achieve its full effects. This research recommends that there should be a reduction in the cost of production and increase the exportation in order to achieve the objectives of naira devaluation in Nigeria and also, central banks should be independent and should be able to achieve its inflation targets and the stabilization of growth rate in money supply
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This project work-up deals on the design and construction of a single phase s...
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In this study, proximate analysis and characterization techniques were carried out on maize tassel fibres in order to check its...
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This project examined the Contribution of Financial Institutions in Nigeria to the Growth of Manufacturing Indu...
Background Of The Study
Organisations have a greater ability today to establish, nurture, and sustain l...
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The Coastal and Inland Shipping (Cabotage) Act1 was enacted on 30th April 2003 to reform maritime business within the coast of N...
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This study was carried out on government strategies and management of security challenges in Nigeria. Following...
Excerpt from the Study
The IAR multicrop thresher was modified and reconstructed at the Department of Agricultural Engin...
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The study examined the influence of teachers’ public image on teachers’ performanc...
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This study focused on improving the reading difficulties of pupils using phonic and sy...
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This research project present the use of building survey for maintenance of buildings. It used analytic model a...