Central Bank of Nigeria
Money Stock, Nigeria
The paper is divided into five sections. Section I reviews Central Bank's monetary control measures as adopted since 1959 thus highlighting the successes and limitations of the Policy instruments. Section II presents a brief review of the controversy between the "monetarists" and the " fiscalists" so as to provide some theoretical underpinnings for this study, while Section III actually deals with the specifications of the behavioural functions. The empirical results are presented in Section IV and the last section summarises the findings and the conclusions thereupon.
CBN Economic and Financial Review
Akinnifesi, E. O. & Phillips, Toyin (1978). The Determinants and Control of Money Stock in Nigeria. CBN Economic and Financial Review. 16(1), 26-38.