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Economic and Financial Review

Publisher

Central Bank of Nigria, Research Department

Keywords

Monetary policy transmission, Lending channel, Vector auto-regression, Nigeria

Abstract

The objective of this paper is to ascertain whether the lending channel of monetary transmission mechanism exists in Nigeria. The increase in the quantity of loans made to the sector would not be driven by the current stream of returns to investments. Evaluating the lending channel of monetary policy transmission mechanism in Nigeria will enable an understanding of the independent roles which banks play in the economy.

Issue

45

Volume

4

Recommended Citation

Mbutor, M. O. (2007). The lending channel of monetary policy transmission in Nigeria: vector autoregressive (VAR) verification. CBN Economic and Financial Review, 45(4), 57-77.

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