ATTENTION:
BEFORE YOU READ THE ABSTRACT OR CHAPTER ONE OF THE PROJECT TOPICS BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL PROJECT COST N5,000 ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR
YOU CAN CALL: 08068231953, 08137701720
WHATSAPP US ON: 08137701720
THE EFFECTIVENESS OF MONETRY POLICY
CHAPTER ONE
1.1 INTRODUCTION
Monetary polices in Nigeria and the United Kingdom, the central bank of Nigeria and the bank of England act as advisers to the government over monetary polices. The authorities take the final decision on the matters. In Germany, the contrast in the case because the German central, the bunds bank of Germany has a constitutional independency in setting the monetary polices.
The central bank of Nigeria lender the federal ministry of finance (FMF), we have the central bank of Nigeria and this is the apex of the regulatory institution of the Nigeria financial sector. The bank promotes and maintains monetary stability as well as issuing sound and effective financial system in Nigerian. It issue legal tender i.e. currency note and coins in Nigeria and maintain Nigeria external reserve to safeguard the national value of legal currency. The CBN has the responsibility of formulating and implementing the monetary and exchange rate policies for Nigeria and many other functions that they perform in Nigeria.
The central bank of Nigeria has been able to excise its statutory power through its monetary polices and developmental function in promoting monetary and economic stability. In Nigeria for example, by controlling the, quality and directions of credits, monetary polices and optimum quality of money supply has been maintained and this enhances the economic stability. It development function encourage the establishment of necessary development bank and financial institutions wh8ich assist the economic development.
The effectiveness of any central bank hinges crucially on its ability to promote monetary stability. Attainment of monetary stability rest on the central bank, the ability to involve effective monetary polices and to implement then efficiently. Nigerian bank and other bank were operated without nay control in their availability and supply of money and circulation and this has brought an effect in our economic development and also distress among banks. As time went further, the central bank of Nigeria decided to introduce a new policy called the monetary policy in the banking sector and through the introduction of that monetary policy into banking industries helps many banks and also in our economy to stabilize the value of money.
The central bank of Nigeria introduces this policy with some instrument to the banking activities and such instrument is as follows;
1.open market operation
Moral section
Legal reserve and etc.
So monetary policy is a vital policy used by monetary authorities to control the availability of money in circulation that will help both in our economy and also in our banking sector.
1.2 STATEMENT OF PROBLEMS
It is quite clear that there has been a recorded progress made by the CBN toward resolving the identified structure imbalance in the banking operation (Akinni 1986) nevertheless, there have been still some problem as to the implementation of the monetary policy in the banking sector.
There is the problem of effectiveness of monetary policy as a tool of banking management. Some of the tool to acess includes the discount rate, legal reserve ratio and open market operation and these tools are expected to
Meet up with the challenges of the abnormal and unforeseen demand deposition for repayment of their deposits.
Articulate way of moping access liquidity for the credence of inflation.
To guide and direct the financial institution towards the kind of lending polices pause.
To be effective and efficient toward curtailing the lending ability of bank in the economy
1.3 PURPOSE AND OBJECTIVE
The following are the reason for this study;
To make sue that the flow of money equates with the overall banking activities
To change the level of money supply from time to time in order to change the level of banking activities.
It is design to requate and controls the volume cost and direction of money and credit in the banks
It is design to call the bank to order by checking and curtailing the high level of inflation in the bank.
1.4 SIGNIFICANCE OF THE STUDY
The study will be beneficial to the following;
To the banking sector.
The study will help the central bank of Nigeria to appreciate the impact of its efforts toward the regulation of the banks through the instrument of monetary policy. it will help the central bank to know it there are still laps prevalent in the policies. It acts as a comparison between the different policies of different time thereby helping the central bank of Nigeria to decide on new measure to adopt.
To the government:
The study will be of benefit to the government by helping then to formulate policies, which are consistent with the general economic trend – activity prevalent at any time.
To the financial institution
It helps the financial institution as the intermediaries of the central bank of Nigeria to scrutinize their role towards policies implementation. It further help then to correct or to avoid their own errors.
To the economy in general:
The study will be of immense benefit to the constituent of the economy by helping each sector or section to make decisions in harmony with the existing economic trend at a time.
The production sector:
This is the sector that bears mostly the burden of inflation due to the substantial increase in the cost of manufacturing. The study will therefore enable it to adjust its method of costing and evaluation so as to reflect the change in the economy.
To the foreign interest GNP:
This project provide the outside the opportunity of knowing the working mechanism of the Nigeria financial system. It will also help him to know the value of national currency with regards to its purchasing power and the general economic tread.
HOW TO RECEIVE PROJECT MATERICAL(S)
After paying the appropriate amount (#5,000) into our bank Account below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) after we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 3139283609
Bank: FIRST BANK
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420