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Title: Monetary Policy Transmission Mechanism in Nigeria
Authors: Ajayi, M.
Keywords: Monetary policy transmission
Monetary policy transmission mechanism
Monetary policy formulation
Monetary policy implementation
Interest rate channels
Exchange rate channel
Bank lending channel
Credit channel
Issue Date: Dec-2007
Publisher: Central Bank of Nigeria
Citation: Ajayi, M. (2007). Monetary Policy Transmission Mechanism in Nigeria. Economic and Financial Review, 45(4), 39-67
Series/Report no.: 45;4
Abstract: This article reviews the monetary policy transmission mechanism in Nigeria and the various challenges of the transmission process. Also, it highlights the need to continuously examine the channels of monetary policy in the economy to enhance policy design and implementation in Nigeria. The paper is divided into five parts. Following the introduction as part I, Part II, discusses conceptual issues of monetary policy transmission mechanism, while Part III gives country experiences. Part IV x-rays monetary policy transmission mechanism in Nigeria and lessons from international experiences while Part V contains the concluding remarks.
Description: At the time this article was in press, Ajayi was a Deputy Director and Head, Financial Analysis Division, Research and Statistics Department, Central Bank of Nigeria, Abuja.
ISSN: 1957-2968
Appears in Collections:Economic and Financial Review

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