An Empirical Analysis Of The Impact Of Monetary Policy On Economic Growth Of Nigeria (1990 - 2011)
ABSTRACT
According to Uremadu, S.O.
(2000), monetary policy refers to the credit control measures adopted by the
central bank of a country. It also means policy employing central banker's
control of money as an instrument for achieving the objective of general
economic policy. Besides it is seen as any conscious action undertaken by
monetary authorities to change the quality, availability or cost of money in a
bid to influence the economy generally. In general terms, monetary policy
refers to a combination of measures designed to regulate the value, quantity,
supply and cost of money in an economy, in consonance with the expected level of
economic activity (Okwu et al, 2011; Adesoye et al, 2012). For most economies,
the objectives of monetary policy include price stability, maintenance of
balance of payment equilibrium, promotion of full-employment, exchange rate
stability, low inflation rate, interest rate stability and output growth and
sustainable development (Folawewo, A. and osinubi, T. 2006).
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ORJI, C (2021). An Empirical Analysis Of The Impact Of Monetary Policy On Economic Growth Of Nigeria (1990 - 2011). Mouau.afribary.org: Retrieved Nov 18, 2024, from https://repository.mouau.edu.ng/work/view/an-empirical-analysis-of-the-impact-of-monetary-policy-on-economic-growth-of-nigeria-1990-2011-7-2
COLLINS, ORJI. "An Empirical Analysis Of The Impact Of Monetary Policy On Economic Growth Of Nigeria (1990 - 2011)" Mouau.afribary.org. Mouau.afribary.org, 05 Jul. 2021, https://repository.mouau.edu.ng/work/view/an-empirical-analysis-of-the-impact-of-monetary-policy-on-economic-growth-of-nigeria-1990-2011-7-2. Accessed 18 Nov. 2024.
COLLINS, ORJI. "An Empirical Analysis Of The Impact Of Monetary Policy On Economic Growth Of Nigeria (1990 - 2011)". Mouau.afribary.org, Mouau.afribary.org, 05 Jul. 2021. Web. 18 Nov. 2024. < https://repository.mouau.edu.ng/work/view/an-empirical-analysis-of-the-impact-of-monetary-policy-on-economic-growth-of-nigeria-1990-2011-7-2 >.
COLLINS, ORJI. "An Empirical Analysis Of The Impact Of Monetary Policy On Economic Growth Of Nigeria (1990 - 2011)" Mouau.afribary.org (2021). Accessed 18 Nov. 2024. https://repository.mouau.edu.ng/work/view/an-empirical-analysis-of-the-impact-of-monetary-policy-on-economic-growth-of-nigeria-1990-2011-7-2