IMPACT OF MONETARY POLICIES ON THE NIGERIAN ECONOMY INTRODUCTION: Monetary policy being an economic tool is used to stabilize the economy. It is a tool used by the government through monetary agencies like the Central Bank to control the supply of money in an economy. It is used to bring about economic growth and development through the control of inflation. It impacts the economy cannot over-emphasized. It has very positive impacts on the economy and helps in building a sustainable economy
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U.S. Monetary Policy and What the Federal Reserve does. According to the Congressional Budget Office monetary policy is‚ "The strategy of influencing movements of the money supply and interest rates to affect output and inflation. An "easy" monetary policy suggests faster growth of the money supply and initially lower short-term interest rates in an attempt to increase aggregate demand‚ but it may lead to a higher rate of inflation. A "tight" monetary policy suggests slower growth of the money
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ence of two squares DIFFERENCE OF TWO SQUARESThis formula is used to factorise some algebraic expressions. Example 5Solution: | FACTORING THE SUM AND DIFFERENCE OF TWO CUBES The formula for factoring a sum of two cubes is: | x3+y3=(x+y)(x2−xy+y2) | | The formula for factoring a difference of two cubes is: | x3−y3=(x−y)(x2+xy+y2) | | When teaching these factorization methods‚ it may be a good idea to encourage students to know one method for these factorizations rather than have them
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CHAPTER THREE RESEARCH METHODOLOGY 3.1 AREA OF STUDY The area of study o this research work is to determine the effect of monetary policy on the performance of banks in Nigeria. This study will cover all the commercial banks that have been in existence since 1975-2004. More so‚ the aggregates rate is used in assessing their performance. 3.2 METHOD OF INVESTIGATION/SOURCE OF INFORMATION According to Asika (2002)‚ research work can be defined as the restructuring of investigation aimed at identifying
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The Central Bank of Nigeria (CBN) takes a number of monetary policy decisions‚ including a change in the level of money supply (M2)‚ the Minimum Rediscount Rate (MRR)‚ or a change in the exchange rate. The central bank defines money supply in two ways: narrow and broad money. Narrow money (M1) is defined to include currency in circulation plus current account deposits with commercial banks. Broad money measures the total volume of money supply in the economy and is defined as narrow money plus savings
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I agree with Milton Freedman’s argument on “the role of monetary policy”. “I favor his statement because his evidence supports his claim regarding monetary policy. Monetary policy is a set of rules to control a nation’s money and achieve economic growth. Monetary policy was created to target inflation and interest rates and help stabilize them. Millions of freedmen’s opinion on the role of monetary policy is that when producers‚ consumers‚ employees‚ and employers expand‚ without a doubt‚ the average
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Communication between countries has become one of the most important things for country leaders to consider. However‚ some people think that regular communication can lead to a mixture of culture that may cause culture collapse. Actually‚ communication between countries cannot be avoided in modern society. Also‚ culture will always disappear when time passes as young people are less concern about culture. Besides‚ communication can create new culture that can lead the world to a more platonic place
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One Country‚ Two Systems One Country‚ Two Systems is a concept proposed in 1981 by Ye Jianying‚ one of the ten Founding Marshals of China. Then formally put forward by Deng Xiaoping‚ the former leader of China‚ in January 1982 in order to reunify the country. However‚ this concept was aimed to reunify Taiwan‚ not to reunify Hong Kong or macaw. One country‚ two systems means there is only one China‚ but the regions of Hong Kong‚ Macao and Taiwan could retain their original economic
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1) Describe the general policy objectives for monetary policy As a member of the Eurosystem‚ the Bank of Greece does not retain control of its policy objectives. Monetary policy is set by the European Central Bank In following the policy objectives of the European Central Bank‚ Greece’s monetary policy maintains the primary objective of achieving price stability. This general objective has been quantified as achieving an inflation rate below‚ but close to‚ to 2% on the medium term. 2) Operating
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Nicoletta Batini © 2004 International Monetary Fund WP/04/97 IMF Working Paper Research Department Achieving and Maintaining Price Stability in Nigeria Prepared by Nicoletta Batini1 Authorized for distribution by James Morsink June 2004 Abstract This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in
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