The Impact Of Monetary Policy On Commercial Banks Loans And Advances In Nigeria (1980-2006)

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ABSTRACT

The research project examines the impact of monetary policy on commercial Banks Loan and Advances in Nigeria, using a annual time series from 1980-2006.

In order to study if thoroughly monetary policy affects commercial banks loans and Advances in Nigeria. The research work made use of both descriptive and econometric approach.

The econometric approach was use in the presentation of estimation of result and interpretation of the ordinary least square methods (OLS) technique, using a multiple repression analysis to analysis the specified model. An electronic econometric software package of (SPSS 12 version) was used for the estimation of the OLS in the study.

By and large, based on the data presented to text the hypothesis, the result reviews that there exist a correlation between the monetary policy and commercial banks loans and Advance, with R2 of 0.62 and other determinants of loans and Advances in commercial banks in Nigeria.


TABLE OF CONTENT

PAGES
Title page i
Certification ii
Dedication iii
Acknowledgement iv
Abstract v

CHAPTER ONE: INTRODUCTION 
1.1 Introduction 
1.2 Background of the study 3
1.3 Statement of the problem 4
1.4 Statement of hypothesis 5
1.5 Objective of the study 5
1.6 Research Methodology 6
1.7 Significance of the study 7
1.8 Scope and Limitation 7
1.9 Definition of terms 8

CHAPTER TWO: LITERATURE REVIEW AND THEORETICAL FRAMEWORK
2.1 Introduction 10
1.2 Literature review 10
1.3 Monetary policy and commercial banks in Nigeria 16
2.3.1 Nigeria commercial banks performance and monetary policy 18
2.4 The transmission mechanism of monetary policy in Nigeria 19
2.4 Monetary policy management in Nigeria (1986-1999) 20
2.4.2 Recent performance of monetary policy measure



In 2005/2006 objectives and strategy of policy” 22
2.5 The efficiency of monetary policy in Nigeria 23
2.6 The nature of money theory 34
2.6.1 The quantity of money (the Classical theory) 39
2.6.2 The cash — balance approach or the Cambridge version 40
2.6.3 The Keynesian Monetary Theory 41
2.6.4 Loanable Funds Theory 43
2.7 Lending concepts. 46
2.8 Channels of transmission 48
2.9 Monetary policy overview in post-sap era 49
2.10 Monetary policy management in Nigeria (1986-1999) 53
2.11 Banking sector Reform (SOLUDO MONETARY
POLICY ERA (1 999-2008) 54

CHAPTER THREE: RESEARCH METHODOLOGY 
3.0 Introduction 58
3.1 Model Specifications 58
3.2 Variable Identification 60
3.3 Estimation Technique 62
34 Evaluation of parametric Estimation 62
3.5 Sources of Data 63

CHAPTER FOUR: DATA PRESENTATION, 
EMPIRICAL ANALYSIS AND INTERPRETATION OF RESULTS
4.1 Introduction 64
4.2 Data Presentation 64
4.3 Model Specification and Estimation of Results 66
4.3.1 Restatement of Hypothesis 66
4.3.2 Model Specification 67
4.3.3 Estimate Results 67
4.4 Empirical Analysis and Interpretation of Results 71
4.5 Summary of result - 74

CHAPTER FIVE: SUMMARY OF FINDINGS, 
RECOMMENDATIONS AND CONCLUSIONS
5.1 Summary of Works 75
5.2 Findings 76
5.3 Recommendations 77
5.4 Conclusion 78
5.5 Regression output





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(2016, 08). The Impact Of Monetary Policy On Commercial Banks Loans And Advances In Nigeria (1980-2006).. ProjectStoc.com. Retrieved 08, 2016, from https://projectstoc.com/read/7883/the-impact-of-monetary-policy-on-commercial-banks-loans-and-advances-in-nigeria-1-980-2006-6291
"The Impact Of Monetary Policy On Commercial Banks Loans And Advances In Nigeria (1980-2006)." ProjectStoc.com. 08 2016. 2016. 08 2016 <https://projectstoc.com/read/7883/the-impact-of-monetary-policy-on-commercial-banks-loans-and-advances-in-nigeria-1-980-2006-6291>.
"The Impact Of Monetary Policy On Commercial Banks Loans And Advances In Nigeria (1980-2006).." ProjectStoc.com. ProjectStoc.com, 08 2016. Web. 08 2016. <https://projectstoc.com/read/7883/the-impact-of-monetary-policy-on-commercial-banks-loans-and-advances-in-nigeria-1-980-2006-6291>.
"The Impact Of Monetary Policy On Commercial Banks Loans And Advances In Nigeria (1980-2006).." ProjectStoc.com. 08, 2016. Accessed 08, 2016. https://projectstoc.com/read/7883/the-impact-of-monetary-policy-on-commercial-banks-loans-and-advances-in-nigeria-1-980-2006-6291.

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