Monetary Policy And Deposit Money Banks Credit in Nigeria

ABSTRACT  

The study examines the relationship between monetary policy and Deposit Monet Banks’ Credit in Nigeria. (1980 – 2013). The study critically and objectively evaluated the effects of monetary policy measures adopted in this country on credit allocation of money deposit banks. The study used multiple regression model as the technique of data analysis, employing eveiws 7.0 (2014) software to reveal a significant relationship between monetary policy and sectoral allocation of credits by deposit money banks. Prominent among the findings, is that there is a significant relationship between monetary policy and sectoral allocation of credits. Also, found to be statistically significant were the contributions of both the monetary policy rate and treasury bill rate to the volume of banks’ credit to the economy. However, both the monetary policy rate and treasury bill rate failed to meet the a priori expectation with their negative and positive co-efficient respectively. On the basis of these findings, the study among others recommends that the Central Bank of Nigeria, as the apex bank needs to urgently fashion out the right policy for sound economic growth. The various sudden changes that culminate in policy summersault should be discouraged. Similarly, the CBN needs to be firm in marshalling out policy directives that encourage commercial bank stability and credit creation. 

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APA

UDOCHUKWU, N (2021). Monetary Policy And Deposit Money Banks Credit in Nigeria. Afribary. Retrieved from https://afribary.com/works/monetary-policy-and-deposit-money-banks-credit-in-nigeria

MLA 8th

UDOCHUKWU, NWOGU "Monetary Policy And Deposit Money Banks Credit in Nigeria" Afribary. Afribary, 09 Apr. 2021, https://afribary.com/works/monetary-policy-and-deposit-money-banks-credit-in-nigeria. Accessed 24 Jul. 2024.

MLA7

UDOCHUKWU, NWOGU . "Monetary Policy And Deposit Money Banks Credit in Nigeria". Afribary, Afribary, 09 Apr. 2021. Web. 24 Jul. 2024. < https://afribary.com/works/monetary-policy-and-deposit-money-banks-credit-in-nigeria >.

Chicago

UDOCHUKWU, NWOGU . "Monetary Policy And Deposit Money Banks Credit in Nigeria" Afribary (2021). Accessed July 24, 2024. https://afribary.com/works/monetary-policy-and-deposit-money-banks-credit-in-nigeria