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Monetary policy and economic development: lessons from the deregulation policy in Nigeria

International Journal of Development and Management Review

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Field Value
 
Title Monetary policy and economic development: lessons from the deregulation policy in Nigeria
 
Creator Okorafor, EO
 
Subject Monetary Policy, Pre-deregulation, Post-deregulation, Policy Formulation, Policy Implementation.
 
Description This paper examines the impact of monetary policy instruments on the economic development in Nigeria during the period 1980-2006.With the aid of the t-ratio, the study revealed that only two out of the six selected explanatory variables exert a significant impact on the level of economic development in Nigeria between the study periods (pre-and-postderegulation). The study therefore, concludes that with the insignificant nature of most of the variables, policy formulation and implementation inconsistencies appear to hinder the full impact of monetary policy on the economy and therefore, should be critically watched.

Key words: Monetary Policy, Pre-deregulation, Post-deregulation, Policy Formulation, Policy Implementation.
 
Publisher Directorate of General Studies, FUT, Owerri
 
Contributor —
 
Date 2010-07-07
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.ajol.info/index.php/ijdmr/article/view/56244
10.4314/ijdmr.v5i1.56244
 
Source International Journal of Development and Management Review; Vol 5, No 1 (2010); 212-224
 
Language eng
 
Relation http://www.ajol.info/index.php/ijdmr/article/view/56244/44690
 
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