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The Challenges and Prospects of Nigeria’s Fiscal and Monetary Policies, (2005 – 2010)

Euro-Asian Journal of Economics and Finance

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Title The Challenges and Prospects of Nigeria’s Fiscal and Monetary Policies, (2005 – 2010)
 
Creator Udoka, Chris O.; Department of Banking and Finance, Faculty of Management Sciences, University of Calabar, Calabar – Nigeria
A, Anyingang Roland; Department of Banking and Finance, Faculty of Management Sciences, University of Calabar, Calabar – Nigeria
 
Subject Fiscal policy; monetary policy; economic growth; budget deficits
 
Description The main thrust of this paper was on the challenges and prospects of Nigeria’s fiscal and monetary policies framework, 2005 -2010. Specifically, issues of monetary or fiscal dominance, financing of fiscal deficits, fiscal-monetary policy conflicts and policy coordination were intimately discussed. A synopsis of the relationship between monetary and fiscal policies behaviors in Nigeria with particular attention to the pattern and changes of fiscal behavior, the incidence of fiscal dominance, and the implications of the pattern of fiscal behavior for monetary policy and its management were provided. Findings resulting from the paper revealed that performance of the economy was better under cooperation in the sense that “Losses” to the government and the Central bank were lower than under non-cooperation. The study suggested that all tiers of government in Nigeria should inculcate the habit of financing budgetary deficits from non-inflationary sources than continuous borrowings from the financial system
 
Publisher Academy of Business & Scientific Research
 
Contributor —
 
Date 2014-01-02
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://absronline.org/journals/index.php/eajef/article/view/126
 
Source Euro-Asian Journal of Economics and Finance; Vol 2, No 1 (2014): January; 72-78
2310-4929
2310-0184
 
Language eng
 
Relation http://absronline.org/journals/index.php/eajef/article/view/126/147
 
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