Central Bank of Nigeria, Research Department.
Money supply, Nigeria, Monetary base, Money multiplier
The standard multiplier model of the money supply process, is examined in this paper, the hypothesis that the adjusted multiplier is independent of the policy actions of the Central Bank of Nigeria is tested.
Doguwa, Sani (1994). The multiplier approach to money supply process in Nigeria. Economic and Financial Review, 32(4), 390-418.