Home»Accountancy» The impact of monetary policy on the banking industry in Nigeria

The impact of monetary policy on the banking industry in Nigeria

 Department: Accountancy  
 By: usericon Arinze1  

 Project ID: 5100
   Rating:  (3.3) votes: 6
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Monetary policy is the process by which the monetary authority of a country, like the central bank or central currency board, controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency. This paper assesses how fiscal and monetary policies influence economic growth and development in Nigeria. The paper argues that curbing the fiscal indiscipline of government will take more than enshrining fiscal policy rules in our statute book. This is because the statute books are replete with dormant rules and regulations. It notes that there exists a mild long-run equilibrium relationship between economic growth and fiscal policy in Nigeria. That for any meaningful progress towards fiscal prudence on the part of the government to occur, some powerful pro-stabling stakeholder strong enough to challenge government fiscal recklessness will need to emerge....
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