Since 2014
Money supply mechanisms in Nigeria
African Journal of Economic Policy
View Archive Info| Field | Value | |
| Title |
Money supply mechanisms in Nigeria
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| Creator |
Ogun, Oluremi; Department of Economics, University of Ibadan, Ibadan, Nigeria
Adenikinju, Adeola; Department of Economics, University of Ibadan, Ibadan, Nigeria |
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| Description |
This study investigates the process of money supply mechanism in Nigeria in order to provide an explanation for the inflationary acceleration in money supply that occurred in the period 1970 to 1989. The initial double-digit inflation was found to have originated from the rapid growth in the external sector as a result of the oil export boom of the 1970s. The monetary authorities largely monetized the export receipts in order to finance a greater level of economic activities. The government then followed the monetization policy with a real bills doctrine, the success of which was ensured by the generous lending stance of central bank. African Journal of Economic Policy Vol. 11(2) 2004: 49-72
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| Publisher |
Department of Economics, University of Ibadan
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| Date |
2006-07-12
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article — |
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| Format |
application/pdf
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| Identifier |
https://www.ajol.info/index.php/ajep/article/view/24254
10.4314/ajep.v11i2.24254 |
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| Source |
African Journal of Economic Policy; Vol 11, No 2 (2004); 49-72
1116-4875 |
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| Language |
eng
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| Relation |
https://www.ajol.info/index.php/ajep/article/view/24254/20294
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| Coverage |
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| Rights |
Copyright for articles published in this journal is retained by the journal.
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