OPEN MARKET OPERATION AS AN INSTRUMENT OF MONETARY POLICY IN NIGERIA: ADMINISTRATION, PROBLEMS AND PROSPECTS
ABSTRACT
This study on “Open Market Operations as an instrument of monetary policy in
Nigeria: Administration problem and prospects” was undertaken to analyse the
objective of monetary policies so far adopted in Nigeria and the close
relationship between the monetary aggregates and economic activity and their
impact on the economy over the period January 1986 to December 1996. It is
aimed at reviewing the administration of Nigeria’s market operations with due
regard to Nigeria’s domestic and external economic circumstances.
The sustenance of market operation stability within a libralised inter bank
market in which Central bank of Nigeria had been intervening must be
appreciated in order to present a clear picture of the efforts to introduce open
market operations as an instrument of monetary policy in Nigeria.
With the current effort to deregulate the financial system, Government
introduced Structural Adjustment Programme in 1986, the aims of which was
to reduce dependence on the oil sector as the principal earner of foreign
exchange, as well as the adoption of appropriate pricing system. The
problems currently militating against the immediate success of the use of open
market operations in Nigeria include large fiscal deficits financed mainly by the
Central Bank of Nigeria and inadequacy of data constraints. The importance
of the study is to create a vibrant environment for money instrument and also
to suggest how to strengthen the open market institutional arrangement.
TABLE OF CONTENT
Title page- – – – – – – – – i
Approval page – – – – – – – -ii
Dedication – – – – – – – – -iii
Acknowledgement – – – – – – – -iv
Abstract – – – – – – – – – -v
Table of content – – – – – – – -vi
CHAPTER ONE
INTRODUCTION – – – – – – – -1
1.0 Background of the study – – – – -1
1.1 Statement of the problem – – – – -5
1.2 Purpose of the study – – – – – -6
1.3 Significance of the study – – – – -8
1.4 Research questions – – – – – -9
1.5 Scope of the study – – – – – – -10
CHAPTER TWO
LITERATURE REVIEW – – – – – – -11
CHAPTER THREE
Research methodology – – – – – – -39
Design of study – – – – – – – -40
CHAPTER FOUR
Presentation, analysis and interpretation of data – -48
CHAPTER FIVE
Summary of findings – – – – – – -60
Conclusion – – – – – – – – -61
Recommendations – – – – – – – -62
Suggestions for further research – – – – -64
References – – – – – – – – -65
Appendix I – – – – — – – – -68
Questionnaire. – – – – – – – -69
OPEN MARKET OPERATION AS AN INSTRUMENT OF MONETARY POLICY IN NIGERIA: ADMINISTRATION, PROBLEMS AND PROSPECTS
Post Views: 25
INSTRUCTIONS AFTER PAYMENT
- 1.Your Full name
- 2. Your Active Email Address
- 3. Your Phone Number
- 4. Amount Paid
- 5. Project Topic
- 6. Location you made payment from