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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A Revolution in Monetary Policy: Lessons in the Wake of the Global Financial Crisis Introduction: This speech by Prof. Joseph E. Stiglitz was delivered at RBI’s fifteenth “C.D. Deshmukh Memorial lecture”. Mr. Deshmukh was RBI’s first governor who set the foundation for a culture that has made RBI as exemplary among the central banks of the world as it is today. Prof Stiglitz elaborates that the fact that RBI plays a role that goes much beyond a mere handling of finances came to light during
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Monetary Policy v/s Fiscal Policy The Great Recession which set in 2007-08 claimed several victims on its way. The consideration of major central banks’ attitude of ‘Too-big-to-fail’ looked docile. The whimsical products were nothing but masks to cover risks. Rating agencies lost their reputation. Central banks of developed countries which were entrusted with monetary policies‚ were the most pitiable victims. They seemed to be working like a computer program where all that one has to do is to change
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Monetary policy is the government or central bank process of managing money supply to achieve specific goals‚ such as constraining inflation‚ maintaining an exchange rate‚ achieving full employment or economic growth. Monetary policy can involve changing certain interest rates‚ either directly or indirectly through open market operations‚ setting reserve requirements‚ or trading in foreign exchange markets. It must be universally agreed that low and stable inflation is a primary and essential goal
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Topic –: “Monetary Policy and Inflation dynamics” Objective - : To study the Monetary policies developed by central bank to control the inflation & it’s implications on Indian economy Introduction -: Inflation and monetary policy are closely related concepts wherein the latter can be used efficiently to reduce the effect of the former. Inflation is the rise in prices and wages that reduces the purchasing power of money. Monetary policy is the regulation adopted by the central bank‚ which
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Monetary Policy in the United States 1. Identify at least three problems facing the FED in achieving its goals of monetary policy and give your recommendations on how to deal with each of the problems you list. Inflation presents a problem for the FED achieving it’s goal of price stability. Inflation is unavoidable as far as the natural progression of an economy is concerned. Supply and demand also affect inflation. While the FED cannot control supply and demand of a product‚ I would suggest that
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The Federal Reserve implements monetary policy through changes in money supply as well as the rate at which banks lend money to each other overnight. Fiscal policy‚ on the other hand‚ is controlled by congress and the White House and is implemented through changes in government spending and taxes. An example of fiscal policy was when congress passed the American Recovery and Reinvestment Act in 2009 to stimulate the economy and prevent
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savings and also an important investor and the owner of capital. Since the state was to be the primary agent of economic change‚ it followed that private sector activities had to be strictly regulated and controlled to conform to the objectives of state policy. The growth strategy also meant‚ in the early years of planning‚ a relative neglect of public investments in agriculture. This negligence of agriculture sector was supported by the general view that the increase labour in the developing countries
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Evaluate the effects of ‘tighter monetary and fiscal policy’ on any two-macreconomic objectives Monetary Policy involves changes in the base rate of interest to influence the rate of growth of aggregate demand‚ the money supply and ultimately price inflation. Fiscal policy involves the use of government spending taxation and borrowing to influence the pattern of economic growth and to affect the level of aggregate demand‚ real output and employment. The four major objectives are full employment‚ price
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Code | efb223 | Due date | Friday‚ 27 January 2012 by 11.00 pm | Tutor’s Name | Alen-Igor Radonjic | Tutorial Day/Time | Summer School 2011 | Essay Topic | "Discuss how the eurocrisis highlights the need for coordination between fiscal and monetary policy." | DECLARATIONI declare that: (1) this essay is a entirely my own work; (2) no part of this essay has been: (i) written for me by any other person; and (ii) copied from any other person’s words or ideas‚ except as specifically
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