Central Bank of Nigria, Research Department
Monetary policy transmission, Lending channel, Vector auto-regression, Nigeria
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.
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.