Central Bank of Nigeria
Financial Deregulation, Demand for Money, Monetary Policy, Australia
The paper covers an important subject matter that is of relevance to the N"igerian economy in 'View of our recent experiences, with deregulation in general and in particular of the financial sector. The experience of the Australian financial system in the era of regulation was quite similar to the Nigerian experience. The sprouting and blossoming of finance houses in the face of strict regulation prior to policy reforms is a case in point. Thus, useful lessons can be drawn for our benefit through a thorough review of this paper. The paper examines the factors which informed the process of financial deregulation and the adoption of financial innovations in Australia, and investigates the implications of such reforms for the demand for money and monetary policy.
CBN Economic and Financial Review
Odoko, F. O. (1990). Financial Deregulation, the Demand for Money and Monetary Policy in Australia, by P.A.V. Swamy and George S. Tavlas IMF Staff Papers, Vol. 36, No. 1, March 1989. CBN Economic and Financial Review. 28(4), 99-101.