Impact of Monetary Policy on Credit and Investment in Nigeria (1981 – 2020)
نویسندگان
چکیده
In auspicious macroeconomic setting, monetary policy should increase credit availability, particularly in the real sector, to spur investment; however, this is not case Nigerian economy. study, impact of on bank and investment Nigeria from 1981 2020 was investigated. The central Nigeria’s statistics bulletin source data used study. Using gathered, study Auto-Regressive Distributed Lag (ARDL). study’s findings indicate that loans have a long-term association with policy. addition, it observed while private sector liquidity ratio had short-term negative effects investment, cash reserve ratio, policy, money supply, inflation rate positive investment. According findings, significantly favorably affects Nigeria. suggested CBN adjust by reducing which will allow banks discharge their capacity aim improving Monetary authorities view as major channel for implementing policies, urgent adjustment be made.
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ژورنال
عنوان ژورنال: Financial markets, institutions and risks
سال: 2023
ISSN: ['2521-1242', '2521-1250']
DOI: https://doi.org/10.21272/fmir.7(1).136-144.2023